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🔥 2nd Special Address Burn

July 6th marked the second buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 3 196 000 BIP (≈$2 000) has been bought back and burned via transfer to the 0th address:

https://explorer.minter.network/transactions/Mt58683b258ec7b27e6c4a5e3103475d20e05dadecd7b53b909ae8774055787455

The more swaps, the bigger the buyback, the scarcer the BIP.

Over 9M BIP has been burned via this mechanism to date!

Minter Network
🔥 2nd Special Address Burn

July 6th marked the second buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 3 196 000 BIP (≈$2 000) has been bought back and burned via transfer to the 0th address:

https://explorer.minter.network/transactions/Mt58683b258ec7b27e6c4a5e3103475d20e05dadecd7b53b909ae8774055787455

The more swaps, the bigger the buyback, the scarcer the BIP.

Over 9M BIP has been burned via this mechanism to date!
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Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

🔥 2nd Special Address Burn

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