POWELL Calls For MASS LAY-OFFS (Recession Around The Corner)
In your nightly crypto news wrap-up, we bring you the top crypto stories. Jerome Powell came out with a hawkish statement on inflation as Elon Musk says America is already in a recession; Do Kwon pushes his Terra Revival proposal live even though 92% of the Terra community voted “no”. Aave has opened its decentralized social media company Lens protocol on the Polygon blockchain, and crypto regulation becomes a topic with the G7.
What We Discuss:
0:00 Intro
0:27 Jerome Powell
1:16 Recession
2:03 Terra Revival Proposal
2:45 G7 Regulation
3:18 Lens Protocol
https://www.businessinsider.com/recession-coming-outlook-wall-street-divided-inflation-gas-fed-savings-2022-5#bank-of-america-1
https://www.cnbc.com/2022/05/17/powell-says-the-fed-will-not-hesitate-to-keep-raising-rates-until-inflation-comes-down.html
https://www.coindesk.com/tech/2022/05/18/do-kwon-pushes-on-chain-proposal-live-even-as-92-vote-no-in-online-poll/
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