Cryptonanda retweeted
We've decided to remove the @PercolatorTrade raise from our site.
The goal of Backable is to be a place where anyone, regardless of whether they are well-connected or high-credentialed, can build a valuable business. This is the dream of crypto: an open and fair playing field where anyone can win.
That being said, there’s certain behavior we want to avoid supporting, and after looking at the evidence, this is an instance of that.
We plan on using the term "open" instead of "permissionless" in the future. While we don't want to be the tastemaker of companies on Backable, we do need to run some level of platform-level moderation.
Cryptonanda retweeted
Only ONE of the top 4 major Asian markets has escaped bear-market territory.
India’s Nifty 50 just posted its best week since 2021 being a major “anti-AI trade."
6 month benchmark returns:
🇮🇳 India · Nifty 50 +2.9%
🇨🇳 Shanghai Composite Index · SSE -12.36%,
🇯🇵 Japan · Nikkei 225 −3.5%
🇰🇷 South Korea · KOSPI −31.5%
The Indian index rallied 10.8% in past two weeks with a massive influx from foreign investors to close at its highest level in over 8 months.
Over those same two weeks-
🔻Taiwan -13.8%,
🔻South Korea -8.8%
🔻and Japan -8.4%.
Japan and Taiwan both closed more than -20% below their peaks, joining South Korea in bear-market territory.
The Nifty sees little direct exposure to the falling chipmakers.
