The Daily LEO #235 Web 3 Still Focus, FED and Sony

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Yellen vows more U.S. support for small-bank depositors if needed

reasury Secretary Janet Yellen on Tuesday will vow more U.S. support for small bank depositors if needed but tell an industry group that “the situation is stabilizing” after recent moves by the government.

Discussing Silicon Valley Bank and Signature Bank, Yellen will say that U.S. intervention was needed to protect the broader U.S. banking system.

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Swiss banking, known for its secrecy, gets put in the spotlight

Swiss banking, for better or for worse, has always been known for one thing: discretion.

But now the country that prides itself on keeping secrets is having its dirty laundry aired.

UBS begrudgingly agreeing to acquire rival Credit Suisse has put Swiss banking on center stage. The news even usurped the financial drama continuing in the...

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Will the Banking Crisis Force Fed to Pause Interest Rate Hikes?

The recent turmoil in the banking system set off by the collapse of Silicon Valley Bank forces the Fed to choose between its goals of fighting inflation and preventing more bank failures, experts said.

“Inflation data say keep hiking. Financial market distress says stop,” economist Robert Fry said in a commentary. Traders widely expect the Fed to stay focused on inflation and...

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Web3 a hot topic at SXSW despite bear market and declining interest in NFTs

Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption. Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of...

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Crypto Users Bridge Millions to zkSync Blockchain in Hopes of Token Airdrop

Over $8 million worth of tokens has been bridged to the network in the past week in anticipation of an airdrop, one that hasn't been confirmed.

Crypto users are bridging millions of dollars in funds to the zkSync network in a move that’s likely in anticipation of a potential token airdrop.

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Sony Interactive Entertainment files for NFT patent

Sony Interactive Entertainment has filed a patent application to enhance the NFT framework within its video games and consoles.

Despite the popularity of NFTs waning since the boom of 2021, Sony — one of the gaming industry’s most prominent players with a current market capitalization of $109.1 billion — has so far remained cautious on whether to enter into the NFT space.

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How to Use Introjection to Be a Better Investor, Hiver or Musician
If you want to be good at anything in life, obsession is a requirement. It's never an option. It's something that you always need to have for the craft. If you don't have the drive to be obsessed about something, then I believe that it's likely not the right thing for you.

If you know anything about my story, then you'll know that I've been obsessed with...

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