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Showing posts from August, 2026

A pre-mine Ethereum (ETH) address holding 2,000 ETH (worth about $3.84 million) has just been reactivated after being inactive for 11 years.

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That’s a striking example of Ethereum’s long-term appreciation. 2015: 2,000 ETH ≈ $620 → about $0.31 per ETH Now: 2,000 ETH ≈ $3.84 million → about $1,920 per ETH That represents roughly a 6,190× increase in the value of the ETH. The wallet remained inactive for about 11 years, making its reactivation notable because such early “pre-mine” holdings are closely watched by the crypto community. The key caveat is that the $3.84 million figure depends on the ETH price at the time of the report, so the present value can change substantially with the market.

The IMF has warned that the rise of stablecoins pegged to local currencies could make it easier for users to access digital dollars.

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The reason is that stablecoins can make it easier to transfer and use digital money. As users become familiar with and use stablecoins regularly, they can easily switch to stablecoins pegged to the US dollar. The IMF warns that this could reduce the use of local currencies and create something similar to “Dollarization” in the digital system.

Elon Musk's SpaceX ($SPCX) reported $7.8 billion in revenue in the second quarter of 2026, beating market expectations.

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Yes — that figure is accurate. SpaceX reported $7.8 billion in Q2 2026 revenue, up about 92% year over year from $4.1 billion, and roughly $900 million above Wall Street expectations. A few important takeaways: Starlink/Connectivity: about $4.3B, up 66% YoY; subscribers reached roughly 12 million. AI: about $2.6B, reflecting the rapidly expanding AI/data-center business. Launch/Space: about $962M. Net loss: approximately $541M despite the huge revenue increase. Capital spending: roughly $18.4B, with AI infrastructure accounting for the overwhelming majority. The Wall Street Journal So the headline is very strong revenue growth, but SpaceX is spending enormous amounts to build its AI and space infrastructure. That's why investors focused as much on the $18B+ capex and continuing losses as on the $7.8B revenue beat. If you're looking at $SPCX as an investment, the really interesting question is whether this spending can turn SpaceX's AI + Starlink growth into s...

Republican Congressman Dan Crenshaw said that Americans struggling with rising prices should stop complaining, get a job and eat Ramen,a cheap food

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The passage is saying that Dan Crenshaw, a Republican member of the U.S. House of Representatives, was criticized for appearing dismissive of Americans facing higher living costs. In simpler terms: Crenshaw reportedly told Americans struggling with rising prices to “stop complaining, get a job and eat Ramen,” referring to inexpensive instant noodles. Critics argued that this response underestimated or ignored the financial difficulties many people face, such as higher food, housing, and other living costs. The passage also says that during his seven years in Congress, Crenshaw’s reported net worth rose by about 65%, reaching approximately $1.34 million. That financial comparison was likely included to highlight the perceived contrast between his own financial situation and his advice to people struggling financially. Important: The wording makes two factual claims that should be checked against the original source—particularly whether Crenshaw actually made the quoted “Ram...