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Fear grips cryptocurrency traders and magnifies the global rout in US$247 billion DeFi market, Binance’s founder CZ says
The crash in cryptocurrencies shows how the fundamental principle of DeFi – the pursuit of higher yields in the era of cheap money to disrupt and replace traditional banks – has been upended by rising interest rates. ⌘ Read more

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Hong Kong slips one place to fourth most expensive city for luxury spending as hotel rates take a huge hit from pandemic, Julius Baer report finds
Hong Kong is the fourth most expensive city globally for luxury goods and services, a notch lower than last year, as a dearth of tourists crushed hotel room rates, Swiss private bank Julius Baer says. ⌘ Read more

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Yesterday I ordered a blanket for an incredible amount of money, more precisely a weighted blanket. Now I hope that it will be delivered quickly and that it really has the positive effects that are being advertised. Although I can usually fall asleep quickly in the evening with a sleeping mask and earplugs, I never manage to sleep through the night, I am never woken up by the alarm clock because I wake up earlier. In the morning I feel tired almost every day, sometimes even the whole day, which then also limits my c … ⌘ Read more

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We all know about social constructs vs reality, but there are levels of spookiness (and no upper bound). We can define them as how far a lie can go before the truth gets its boots on. Spookiness level one – money – already goes basically perpetually.

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pro tip: when you tie a part of reality to a social construct (like tying life to money, or violence to law, or technical decisions to industry hype) you risk huge ramifications unless the ‘real’ portion is the primary driver. social constructs are too floaty.

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Thursday is the appropriate day to make sacrifices to Compound Interest. Use a gold altar cloth. Compound Interest prefers sacrifices in the form of burning dollar bills, but twenties will work in a pinch. If you cannot make money, store-bought is fine.

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