5/3: In case you missed it, Dracula Protocol V2 is live as of Friday! Thank you to everyone who has supported us up to this point; We couldn’t have gotten here without you. With that said, we are currently working on fixing a variety of frontend bugs.
If you are having issues with our new UI, please message in the Telegram or Discord and we will investigate. We are also working on drain optimizations, so if you do not see any rewards accruing yet, please be patient! We will have this fixed as soon as we can.
Also, due to a change in their platform, we are discontinuing Pickle as a victim. You will still be able to to withdraw your deposits from our UI. In other news, we are planning on releasing a new victim within the coming days, so stay tuned!
Our next steps are to focus on automating the drain to ensure consistent rewards and to transition Dracula Protocol to a more official DAO, with multi-sig control over the dev wallet.
5/3: In case you missed it, Dracula Protocol V2 is live as of Friday! Thank you to everyone who has supported us up to this point; We couldn’t have gotten here without you. With that said, we are currently working on fixing a variety of frontend bugs.
If you are having issues with our new UI, please message in the Telegram or Discord and we will investigate. We are also working on drain optimizations, so if you do not see any rewards accruing yet, please be patient! We will have this fixed as soon as we can.
Also, due to a change in their platform, we are discontinuing Pickle as a victim. You will still be able to to withdraw your deposits from our UI. In other news, we are planning on releasing a new victim within the coming days, so stay tuned!
Our next steps are to focus on automating the drain to ensure consistent rewards and to transition Dracula Protocol to a more official DAO, with multi-sig control over the dev wallet.
BY Dracula Protocol Announcements
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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.
Pinterest (PINS) Stock Sinks As Market Gains
Pinterest (PINS) closed at $71.75 in the latest trading session, marking a -0.18% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.9%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Heading into today, shares of the digital pinboard and shopping tool company had lost 17.41% over the past month, lagging the Computer and Technology sector's loss of 5.38% and the S&P 500's gain of 0.71% in that time.
Investors will be hoping for strength from PINS as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 170% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $467.87 million, up 72.05% from the year-ago period.
