Thomas Hawk posted a photo:
A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300.
Late Thursday, market researcher Ed Yardeni blamed some of Thursday's stock market sell-off on "the ongoing plunge in bitcoin's price," reports Fortune:
"There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index," [Yardeni wrote in a note]. Yardeni blamed bitcoin's slide on the GENIUS Act, which was enacted on July 18, saying that the regulatory framework it established for stablecoins eliminated bitcoin's transactional role in the monetary system. "It's possible that the rout in bitcoin is forcing some investors to sell stocks that they own," he added... Traders who used leverage to make crypto bets would need to liquidate positions in the event of margin calls.
Steve Sosnick, chief strategist at Interactive Brokers, also said bitcoin could swing the entire stock market, pointing out that it's become a proxy for speculation. "As a long-time systematic trader, it tells me that algorithms are acting upon the relationship between stocks and bitcoin," he wrote in a note on Thursday.
Late Thursday, market researcher Ed Yardeni blamed some of Thursday's stock market sell-off on "the ongoing plunge in bitcoin's price," reports Fortune:
"There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index," [Yardeni wrote in a note]. Yardeni blamed bitcoin's slide on the GENIUS Act, which was enacted on July 18, saying that the regulatory framework it established for stablecoins eliminated bitcoin's transactional role in the monetary system. "It's possible that the rout in bitcoin is forcing some investors to sell stocks that they own," he added... Traders who used leverage to make crypto bets would need to liquidate positions in the event of margin calls.
Steve Sosnick, chief strategist at Interactive Brokers, also said bitcoin could swing the entire stock market, pointing out that it's become a proxy for speculation. "As a long-time systematic trader, it tells me that algorithms are acting upon the relationship between stocks and bitcoin," he wrote in a note on Thursday.
Read more of this story at Slashdot.
"PHP 8.5 landed on Thursday with a long-awaited pipe operator and a new standards-compliant URI parser," reports the Register, "marking one of the scripting language's more substantial updates... "
The pipe operator allows function calls to be chained together, which avoids the
extraneous variables and nested statements that might otherwise be
involved. Pipes tend to make code more readable than other ways to
implement serial operations. Anyone familiar with the Unix/Linux
command line or programming languages like R,
F#,
Clojure, or
Elixir
may have used the pipe operator. In JavaScript, aka ECMAScript, a
pipe operator has been proposed, though there are alternatives
like method chaining.
Another significant addition is the URI
extension, which allows developers to parse and modify URIs and
URLs based on both the RFC 3986 and the WHATWG URL standards. Parsing
with URIs and URLs â" reading them and breaking them down into their
different parts â" is a rather common task for web-oriented
applications. Yet prior versions of PHP didn't include a
standards-compliant parser in the standard library. As noted
by software developer Tim Düsterhus, the parse_url()
function that dates back to PHP 4 doesn't follow any standard and
comes with a warning that it should not be used with untrusted or
malformed URLs.
Other noteworthy additions to the language include: Clone
With, for updating properties more efficiently; the #[\NoDiscard] attribute, for warning when a return value goes unused; the
ability to use static closures and first-class callables in constant expressions; and persistent cURL handles that can be shared across multiple PHP requests.
The pipe operator allows function calls to be chained together, which avoids the
extraneous variables and nested statements that might otherwise be
involved. Pipes tend to make code more readable than other ways to
implement serial operations. Anyone familiar with the Unix/Linux
command line or programming languages like R,
F#,
Clojure, or
Elixir
may have used the pipe operator. In JavaScript, aka ECMAScript, a
pipe operator has been proposed, though there are alternatives
like method chaining.
Another significant addition is the URI
extension, which allows developers to parse and modify URIs and
URLs based on both the RFC 3986 and the WHATWG URL standards. Parsing
with URIs and URLs â" reading them and breaking them down into their
different parts â" is a rather common task for web-oriented
applications. Yet prior versions of PHP didn't include a
standards-compliant parser in the standard library. As noted
by software developer Tim Düsterhus, the parse_url()
function that dates back to PHP 4 doesn't follow any standard and
comes with a warning that it should not be used with untrusted or
malformed URLs.
Other noteworthy additions to the language include: Clone
With, for updating properties more efficiently; the #[\NoDiscard] attribute, for warning when a return value goes unused; the
ability to use static closures and first-class callables in constant expressions; and persistent cURL handles that can be shared across multiple PHP requests.
Read more of this story at Slashdot.
DanÅke Carlsson has added a photo to the pool:
Goedemorgen en wat knap dat u alweer wakker geworden bent. Dat is sowieso altijd al een prestatie maar vandaag helemaal. Het is namelijk ontiegelijk vroeg en u bent alleen maar opgestaan voor de Formule 1. En wat een knotsgekke ochtend hadden we gisteren met al dat watergenot en verschillende wagens kapot. Als we dat vandaag nog eens mogen beleven in de race blijven we daarna gewoon wakker en duiken we echt niet nog even terug ons bed in. Beloofd! Norris mag zo vanaf POLE naar zijn o zo belangrijke wereldtitelpuntjes proberen te rijden maar Max gaat uiteraard zijn best doen om Norris ALLES te laten verliezen in Vegas. Goede kans op spektakel dus op deze geweldige straatbaan door het paradijs van de goklust. Stijlloze gok dan maar: Max kroont zich King of the Strip. Snel kijken of dat gebeurt en onze soul on fire gaat tijdens de Grand Prix van Las Vegas!
Update - Morguh! Norris overspeelt zijn hand in bocht 1.
Update - VSC. Boterletter dacht dat er helemaal geen bocht was in de bocht.
Oké, nu dan de échte King
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Tone'o Down-Under has added a photo to the pool:
Sundown at Burswood Peninsular, Perth, Western Australia.