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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
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Produced by Daniel Aharonoff & Mogul Media AI

dYdX Introduces Unique Tokenomics Scheme with USD Coin Trading Fees and DYDX Staking

dYdX, the decentralized derivatives platform, has made some significant changes to its tokenomics scheme following the launch of its highly anticipated blockchain. One notable change is the introduction of trading fees denominated in the dollar-pegged stablecoin USD Coin (USDC). USDC, maintained and minted by Circle, is a cryptocurrency that tracks the value of the US dollar and claims to be backed by a variety of assets, such as corporate bonds and Treasuries. In addition to this change, the dYdX Foundation has revealed the new role of its native governance token, DYDX. As a Cosmos-based proof-of-stake blockchain designed for fast trading and low fees, DYDX can now be used for staking purposes. This means that token holders have the opportunity to become validators of the DYDX chain by staking their tokens and securing the network. Alternatively, holders can delegate their tokens to other validators. As an added incentive, all fees generated from trading on the platform will be distributed to validators and stakers, potentially resulting in significant payouts based on the platform's financials.

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