Crypto on Pace to Outperform S&P 500 for Q3

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Today's News

Welcome to the news! Today we're covering some big stories in the world of finance and cryptocurrency. Internationally hunted Terraform Labs Co-Founder Do Kwon is in the news for saying he's "making zero effort to hide." US stocks are falling amid fallout from UK tax plans, and billionaire investor John Paulson is warning about a potential tumble in US house prices. The bond market is in the middle of a major decline, which could lead to some popular trades unraveling. And in the world of cryptocurrency, analysts are predicting increased volatility next week. Stay tuned for more on these stories and more throughout the day.

Outline

  • Do Kwon, co-founder of Terraform Labs, is wanted by Interpol for his involvement in the company's alleged fraud.
  • US stocks fall as the dollar and Treasury yields rise in response to the UK's proposed tax plan.
  • Billionaire investor John Paulson warns that US house prices could fall sharply in the near future.
  • The bond market is experiencing its worst decline since 1949, and this could lead to the unwinding of some popular trades, according to Bank of America.
  • Bitcoin and other cryptocurrencies are subdued at the moment, but one analyst believes that next week could see increased volatility.
  • Nvidia is a major player in the tech industry, and its products are used in a variety of applications.
  • Wake Me Up When September Ends is a popular song by the band Green Day.
  • Mark Cuban is considering leaving the TV show Shark Tank, as he believes his legacy will be better served by working on low-cost drugs.
  • NullMixer is a dropper that contains a variety of Trojans.
  • Bitcoin, Ethereum, and Dogecoin are all down slightly at the moment, but one analyst believes that next week could see increased volatility.
  • The city of Fairborn is considering a plan that would allow for the construction of new homes by a local business. However, some residents are opposed to the change.
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