Inflation Is Here to Stay

Consumer Price Index (CPI) hits historic levels - who would have expected this?

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Hey DEFI TIMES community,

The news broke on Tuesday: The Consumer Price Index (CPI) has hit incredible highs in June. In fact, the CPI hit 5.4% last month, which is the highest we have seen in 13 years - a historic month!

Surprise, surprise! 

Who would have expected this?

In June, Jerome Powell claimed that the inflationary spike is only “transitory.” Of course, many people started criticizing him. In the end, inflation wasn’t transitory; it’s here to stay!

Even Larry Fink came out on Tuesday and expressed his concerns:

Squawk Box @SquawkCNBC

"It is my view that inflation is going to be more systematical," says Larry Fink. "I believe it is a fundamental, foundational change in how we navigate economic policy...now we are saying jobs are more important than consumerism."

Fink believes that inflation is here to stay and it's a fundamental part of our future monetary policy.

And I do agree with him here!

But why would Powell dismiss the threat of inflation? Well, Powell has to say that inflation is not a problem - even if he doesn’t believe so! If Powell said that inflation wouldn’t go down, inflation expectations would rise, which in turn would increase the actual inflation even more!

Inflation is here to stay in times when trillions of dollars are printed to “save the economy.”

You don’t have to be a genius to realize this simple fact!

Don’t be fooled!

That’s why we are in crypto right?

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Uniswap v3 on Optimism

DEFI TIMES @defitimes

IT IS OFFICIAL😍 Uniswap announced the Alpha launch of Uniswap v3 on Optimism🦄 Find out more here⬇️ defitimes.io/news/uniswap-v…

defitimes.ioUniswap V3 Launched On Optimism! - DEFI TIMESUniswap V3 launched on Optimism. This marks an important milestone in the history of DeFi. Users can now trade cheaply on Uniswap V3!

Uniswap v3 is finally live on Optimism, which is one of the best-known optimistic rollups. This marks a historic moment in the history of L2 solutions! 

Scale baby, scale!

Optimism @optimismPBC

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UAE to launch CBDC

DEFI TIMES @defitimes

BREAKING: The United Arab Emirates plans to launch their own CBDC! Read here! 👇 defitimes.io/cbdc/uae-to-la…

defitimes.ioUAE To Launch A CBDC Soon? - DEFI TIMESThe central bank of the UAE is about to launch a CBDC. This is also part of the UAE’s strategy to become one of the top ten central banks.

The UAE is experimenting with its own CBDC!

India banks bearish on crypto

DEFI TIMES @defitimes

BREAKING: India's ICICI Bank takes action against cryptocurrencies! 👇 defitimes.io/news/indias-ic…

defitimes.ioIndia’s ICICI Bank warns users to steer stay from Bitcoin - DEFI TIMESIndia’s ICICI Bank has warned users to not use their remittance services for transferring cryptocurrencies.

India’s banks are warning their customers to stay away from cryptocurrencies in general!

OK Group partners with China

DEFI TIMES @defitimes

OK Group will help China to fight crypto money laundering! 👇 defitimes.io/news/ok-group-…

defitimes.ioOK Group Partners With Chinese Authorities - DEFI TIMESThe Ok group partners with Chinese authorities. China’s government is continuing bootstrapping its centralized controlled blockchain economy.

OK Group has teamed up with Chinese authorities to fight money laundering in relation to cryptocurrencies

Set Protocol on Polygon

Set ⚖️ @SetProtocol

1/ We are excited to announce that TokenSets has launched on Polygon! 🚀 TokenSets enables investors and portfolio managers the ability to interact with the future of asset management via the scalable and flourishing ecosystem that is @0xPolygon 📰 medium.com/set-protocol/p…

medium.comPushing boundaries in Asset Management — TokenSets <> PolygonWe’re excited to announce the launch of the Set Protocol on Polygon, lowering the barrier of entry significantly and bringing us one step closer to enabling asset management and strategy creation for…

Set Protocol is joining the Polygon squad! DeFi Summer 2021 imminent?!

Hop Protocol

HopProtocol @HopProtocol

We're proud to officially launch the Hop bridge starting with instant $USDC transfers between @ethereum, @0xPolygon and @xdaichain. ➡ hop.exchange

Hop Protocol has launched their instant transfer bridge for USDC between ETH, xDai, and Polygon. In the next couple of weeks, more assets and L2s will be supported.

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DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.