Bitcoin’s rise ties to Tether, funding US debt; dependency on legacy systems exposed. MSTR stock drives Bitcoin purchases, creating a self-reinforcing cycle. How long can it last?

**Tether Alert** The idea that Wall Street is embracing Tether and Bitcoin is much clearer.The more Tethers are being bought, the higher Bitcoin goes. The higher Bitcoin goes the more Tethers are being bought. As Tether grows in size the …

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FOMC Minutes: “The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system’s financial vulnerabilities as notable.” “Hedge fund leverage reached its highest level since 2013.” Ruh-roh…

Source: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdf TLDRS: The Federal Reserve’s July FOMC meeting minutes highlight economic concerns and financial vulnerabilities. Usage of the Overnight Reverse Repo (ON RRP) facility slightly declined, with a more noticeable decrease expected later in the year due to increased Treasury …

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Car dealership processing systems hacked

CDK Global, a company that provides auto dealerships across the U.S. with software for managing sales and other services, has been hacked, prompting the company to temporarily shut down most of its systems. That is effectively preventing about 15,000 car …

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U.S. Patriot systems exposed as worthless.

The effectiveness of Patriot interceptors is questioned due to a reported 25% interception rate. Instances of failure and false identifications raise doubts about its reliability. Israel plans to replace the Patriot with more advanced air defense systems. 🇮🇱🇺🇸 25% interception …

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Nationwide McDonald’s outage in Australia and Japan; internal systems down, stores affected, EFTPOS offline, app out.

McDonald’s finds itself grappling with a significant crisis as a widespread IT outage disrupts operations across multiple countries, leaving customers stranded and frustrated. Since approximately 3:10 PM, internal systems have remained offline, plunging stores into uncertainty about when service will …

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