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Bitcoin’s Illiquid Supply Hits Record High, Implications for Price Dynamics

Explore how Bitcoin’s record high illiquid supply impacts price dynamics. Understand the implications for investors and the market as scarcity increases, potentially influencing future price movements and strategies.

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Bitcoin’s Illiquid Supply Reaches Record Levels

Recent data reveals that nearly three-quarters of all bitcoin mined is now classified as illiquid, marking a historic high that indicates a growing scarcity of the cryptocurrency in the marketplace. This trend could have significant implications for Bitcoin’s price dynamics.

According to data compiled by ETC Group in conjunction with Glassnode, illiquid entities currently hold approximately 14.61 million BTC, valued at over $826 billion at current market prices. This figure represents about 74% of Bitcoin’s total circulating supply, which stands at 19.75 million BTC.

“Bitcoin’s illiquid supply has surged to an unprecedented level, now accounting for nearly 74% of the circulating supply, based on insights from Glassnode,” stated André Dragosch, head of research at ETC Group, in a report shared with CoinDesk. “This trend suggests that the supply shock induced by the upcoming Halving is intensifying, which could create a favorable environment for Bitcoin and other crypto assets in the months ahead.”

Glassnode determines the classification of illiquid entities by analyzing the ratio of cumulative outflows and inflows throughout the lifespan of the entity. This methodology provides a clear picture of how much Bitcoin is not readily available for trading.

An increase in Bitcoin’s scarcity can lead to significant market effects; as demand rises, the impact on the cryptocurrency’s price could be particularly pronounced. As of the latest update, Bitcoin is trading at $56,600. The recent bull run appears to have halted after reaching all-time highs exceeding $70,000 in the first quarter of the year.

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Trump’s Debate Claims Challenged by Moderators: A Call for Factual Discourse

Explore how moderators confronted Trump’s debate claims, emphasizing the need for factual discourse in political discussions. Delve into the challenges faced and the implications for public understanding in our latest analysis.

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Debate Highlights: Trump’s Claims and Journalistic Pushback

Fifteen minutes into Tuesday’s debate, former President Donald J. Trump began to articulate his views on abortion rights. However, his response took a troubling turn as he made an assertion devoid of factual support: that a governor had approved the execution of infants after birth. Linsey Davis, one of the moderators from ABC News, swiftly countered, stating, “There is no state in this country where it is legal to kill a baby after it’s born.” Her intervention was direct and necessary, highlighting the importance of truth in political discourse.

Shortly thereafter, a similar scenario unfolded. Mr. Trump made a bizarre claim regarding migrants in an Ohio town, suggesting they were resorting to eating pets. In response, moderator David Muir reached out to the local city manager for clarity. He informed the audience, “ABC has contacted the city manager and found no credible reports of pets being harmed.” Unfazed, Trump insisted, “The people on television say, ‘My dog was taken and used for food.’” To this, Muir replied, “I’m not taking this from television; I’m taking it from the city manager.”

In the broader context of a 105-minute debate held in Philadelphia, these exchanges were but brief moments. Yet, they underscored a significant shift in the dynamic—at least for that evening—between Mr. Trump and the journalists who have often struggled to establish a factual framework amidst his cascade of unfounded claims broadcasted live. With calm and authoritative tones, Muir and Davis exemplified a model of real-time fact-checking that has often been lacking in recent presidential debates.

In response to Trump’s ominous portrayal of an America overwhelmed by migrant-related crime, Muir interjected with a measured reminder: “As you know, the F.B.I. says overall violent crime is coming down in this country.” This type of pushback is crucial in ensuring that political discussions remain anchored in reality.

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Keurig Dr Pepper Charged by SEC Over Misleading Recycling Claims

Keurig Dr Pepper faces charges from the SEC for allegedly making misleading recycling claims. Explore the implications of this case on corporate responsibility and consumer trust in environmental marketing.

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Keurig Dr Pepper Faces Regulatory Action Over Recycling Claims

On Tuesday, financial regulators took significant action against Keurig Dr Pepper, the well-known manufacturer of K-Cup single-use coffee pods, by charging the company with making misleading claims regarding the recyclability of its plastic pods. The company has been fined $1.5 million, a figure that, while modest compared to its vast market capitalization of over $50 billion, underscores a growing scrutiny of corporate sustainability claims.

Experts believe this enforcement action reflects a broader trend where regulators are increasingly willing to challenge misleading recycling assertions, especially when such claims may inflate a company’s perceived shareholder value. John T. Dugan, an associate director at the Securities and Exchange Commission (S.E.C.), emphasized that “public companies must ensure that the reports they file with the S.E.C. are complete and accurate.”

Jan Dell, the head of the environmental nonprofit Last Beach Cleanup, noted the significance of this case, highlighting that the impetus for the enforcement action stems from shareholder concerns rather than consumer deception. “The S.E.C. has stepped up to be the federal sheriff on misleading recycling claims,” she stated.

As part of the resolution, Keurig Dr Pepper has agreed to pay the $1.5 million civil penalty. For years, the company has maintained in its marketing materials and financial disclosures that its beverage pods can be “effectively recycled.” However, the S.E.C. pointed out that Keurig failed to disclose critical information: two major recycling companies had raised serious doubts about the recyclability of the pods through curbside recycling programs and had explicitly stated they would not accept them.

In response to the charges, Keurig Dr Pepper expressed satisfaction in reaching an agreement that resolves the matter. The company neither admitted nor denied the S.E.C.’s findings but continues to assert that its pods are made from “recyclable” plastic. This case serves as a reminder of the growing accountability companies face regarding environmental claims and the importance of transparency in corporate communications.

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Moderators for the Upcoming Debate: David Muir and Linsey Davis

Get ready for an exciting debate featuring seasoned moderators David Muir and Linsey Davis. Join us as they guide the conversation, ensuring a dynamic and informative discussion on the pressing issues of our time.

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Moderators for the Upcoming Debate: A Closer Look

As the anticipation builds for Tuesday’s debate, sponsored by ABC News, the spotlight is set to shine on the candidates taking the stage: Vice President Kamala Harris and former President Donald J. Trump. However, two prominent ABC journalists will play a crucial role in guiding the evening’s events as moderators, tasked with steering this high-stakes encounter towards a civil discourse while avoiding chaos. Here’s an overview of the moderators:

David Muir
Anchor, “World News Tonight”

At 50 years old, David Muir stands out as the most popular television news anchor in the United States, with an impressive average of 7.4 million viewers tuning in to his nightly newscast on ABC last month, as reported by Nielsen ratings. This remarkable figure surpasses his counterparts at NBC and CBS and eclipses cable news favorites like MSNBC’s Rachel Maddow and Fox News’s Jesse Watters.

Muir has a wealth of experience, having interviewed both candidates and moderated four primary debates (three Democratic and one Republican) in the past. While he is not exclusively known as a political specialist, Muir’s career began as a weather correspondent on “Good Morning America,” and he has reported from numerous conflict zones across the globe.

Over the years, Muir has worked diligently to portray himself as a nonpartisan figure. According to his aides, Donald Trump has previously complimented Muir’s striking appearance, likening him to a classic network news anchor. Notably, Trump chose Muir for his first major television interview after assuming the presidency in 2017.

Linsey Davis
Sunday Anchor, “World News Tonight”

Linsey Davis, 46, may have a slightly lower profile compared to Muir, but she brings her own noteworthy experience to the table. Having moderated two Democratic primary debates during the 2020 election cycle, she, like Muir, is a versatile anchor with a broad skill set.

One of Davis’s memorable moments came in 2019 during an ABC debate in Houston, where she engaged in a pointed exchange with Kamala Harris. Davis challenged the Vice President on her shift to more progressive stances on criminal justice issues, asking, “When you had the power, why didn’t you try to effect change then?” This question drew applause from the audience, highlighting the tension of the moment.

In response, Harris defended her record, asserting that her plans had been recognized by activists as “bold and comprehensive.” Fast forward five years, and Harris is now attempting to reshape her image as a tough-on-crime prosecutor, indicating the evolving nature of political narratives.

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