Last week, we announced the TeleportDAO Token Sale, taking place between April 11 and April 18, 2024 at 17:00 UTC.
TeleportDAO enables trustless and Bitcoin-grade secure connections from Bitcoin to EVM chains and Bitcoin Layer 2 solutions through a light-client bridge.
👥We sat down with the TeleportDAO team to learn more about the problems they solve, TST token utility and growth strategy, their recent partnerships, their approach to cross-chain applications, and how they see the future of interoperability protocols.
Last week, we announced the TeleportDAO Token Sale, taking place between April 11 and April 18, 2024 at 17:00 UTC.
TeleportDAO enables trustless and Bitcoin-grade secure connections from Bitcoin to EVM chains and Bitcoin Layer 2 solutions through a light-client bridge.
👥We sat down with the TeleportDAO team to learn more about the problems they solve, TST token utility and growth strategy, their recent partnerships, their approach to cross-chain applications, and how they see the future of interoperability protocols.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
A project of our size needs at least a few hundred million dollars per year to keep going,” Mr. Durov wrote in his public channel on Telegram late last year. “While doing that, we will remain independent and stay true to our values, redefining how a tech company should operate.
