Crypto_Commons

AI BOOM vs. Dot-com BUBBLE, on the same clock. The Nasdaq-100 has climbed to 2.2x its level since ChatGPT’s launch. However by July 1999, the same amount of time after Netscape’s IPO, the index had already reached 4.2x its starting level. On valuation, the gap is much narrower - The S&P 500 trades at 38.8x inflation-adjusted earnings averaged over 10 years, within striking distance of the dot-com record of 44.2x. Even the leaders are not priced alike: Nvidia is at 30x earnings versus 221x for Cisco (at their respective peaks). A milder Nasdaq boom, yet the broader market already is priced so close to its dot-com record. Chart credits: Curbstone research.

🚨Turmoil erupts in Paraguay as one bank’s collapse spirals into a NATIONAL CRISIS. Ueno Bank, the country’s largest digital bank, has been seized by the Central bank after its solvency ratio plunged below half the legal minimum, leaving nearly 3 MILLION customers unable to access accounts, cards and transfers. That’s almost 60% of Paraguay’s adult population. Angry citizens have now taken to the streets demanding access to their money. The disruption has spread beyond the bank- 13 mutual funds have reportedly frozen withdrawals, and trading in Ueno’s bonds has been suspended. Nearly $380 MILLION belonging to the state pension fund is caught in the crisis. The problem is how deeply Ueno was embedded in everyday payments. It handled two-thirds of card payments at major stores. With those services frozen, Paraguay’s main importers’ association describes retail activity as “semi-paralyzed.” Customers have been told they can initially recover up to $1,700, with no payment date given. The political fallout is mounting with the Central Bank chief Carlos Carvallo resigning, and authorities having arrested 8 executives from the bank over suspected breach of trust.

Every midterm in history, Bitcoin DUMPS then PUMPS... Since 2014, every US midterm election has followed the same pattern for BTC: 2014: −50% in 71 days, +24.5% a year later 2018: −50% in 38 days, +44.9% a year later 2022: −25% in 13 days, +92.3% a year later 2026 will put that to test.