MyDoge added meme functionality
to the Dogeverse, allowing meme creators to be tipped for their work. Daily Dogecoin transactions have gone parabolic
as a result, demonstrating the robustness of the Doge blockchain, though some transactions appear to be from automated accounts.
Consumer Price Index inflation reached 9.1%
, surpassing expectations. Binance CEO CZ called the number “magically low”
and asked why inflation is not 500% when the money supply quintupled in the past two years. A CNBC interview with an investor claiming that millennials were responsible for inflation was widely mocked
. Elon said that Tesla could lower prices for cars “if inflation calms down.”
A deep fake video claiming Elon is on Tinder under the name “Sexy Musk”
went viral on Instagram. Elon tweeted a list of his recent reads.
Former NY Times columnist Alex Berenson was reinstated
to Twitter after a lawsuit, and wrote that the government pressured Twitter to ban him. Elon requested more information.
Nancy Pelosi’s husband purchased up to $5 million in stock options on computer chip company Nvidia shortly before Pelosi decided to advance legislation
that would provide government subsidies to the industry.
SpaceX’s Starship could reach orbit in August
if testing goes well. Elon tweeted
“Tesla is to protect life on earth,/ SpaceX to expand life beyond.”
Panasonic plans to invest billions in a Kansas factory for building Tesla batteries.
Elon tweeted that lithium batteries are the new oil.
Biden visited Saudi Arabia to try to convince it to increase oil production, but was not successful.
Bloomberg reported that a growing number of Chinese homebuyers are refusing to pay mortgages for unfinished construction projects, putting the country’s already tenuous real estate market
in further danger. In the US, house prices are being cut
and home sales are getting canceled
at the highest rate since the start of the pandemic. Are we headed for The Great Default?
The SEC approved leveraged short ETFs for single stocks, including Tesla, whose short ETF started trading under the ticker TSLQ
. The SEC continues to deny a Bitcoin spot ETF.