🚀Paragraph Rockets with $5M and Mirror Acquisition!
💰Web3 publishing startup Paragraph has just secured a whopping $5 million in funding, spearheaded by Coinbase Ventures and Union Square Ventures. But that's not all – they've also taken the reins of the popular Mirror blogging platform!
➡️ Mirror Merges with Paragraph Founded in 2020, Mirror made waves with its crypto-centric publishing tools, empowering writers with decentralized storage, crowdfunding, and NFT capabilities. Now, under Paragraph's guidance, Mirror's product, design system, and brand will reach new heights.
🌐Onchain Publishing Powerhouse Launched in 2021, Paragraph has been making waves of its own by enabling creators to monetize through newsletters and on-chain social features. With this latest development, founder Colin Armstrong is eager to accelerate their mission and empower even more creators.
⚡️ Business as Usual for Writers If you're a writer or publisher on Mirror or Paragraph, fear not! The blog assures that there will be no immediate changes. Your content will remain intact, and you'll still have access to the familiar publishing tools you know and love.
🌍A Future Where Onchain is the Norm Armstrong is thrilled to lead his talented team toward a future where onchain technology becomes the standard for content creators worldwide. This partnership marks an exciting step forward in realizing that vision.
🟢With this stellar investment from Coinbase Ventures and the Base Ecosystem Fund, the future of onchain publishing looks brighter than ever. As Base CEO Jesse Pollak puts it: "Let's bring even more creators onchain!"
🚀Paragraph Rockets with $5M and Mirror Acquisition!
💰Web3 publishing startup Paragraph has just secured a whopping $5 million in funding, spearheaded by Coinbase Ventures and Union Square Ventures. But that's not all – they've also taken the reins of the popular Mirror blogging platform!
➡️ Mirror Merges with Paragraph Founded in 2020, Mirror made waves with its crypto-centric publishing tools, empowering writers with decentralized storage, crowdfunding, and NFT capabilities. Now, under Paragraph's guidance, Mirror's product, design system, and brand will reach new heights.
🌐Onchain Publishing Powerhouse Launched in 2021, Paragraph has been making waves of its own by enabling creators to monetize through newsletters and on-chain social features. With this latest development, founder Colin Armstrong is eager to accelerate their mission and empower even more creators.
⚡️ Business as Usual for Writers If you're a writer or publisher on Mirror or Paragraph, fear not! The blog assures that there will be no immediate changes. Your content will remain intact, and you'll still have access to the familiar publishing tools you know and love.
🌍A Future Where Onchain is the Norm Armstrong is thrilled to lead his talented team toward a future where onchain technology becomes the standard for content creators worldwide. This partnership marks an exciting step forward in realizing that vision.
🟢With this stellar investment from Coinbase Ventures and the Base Ecosystem Fund, the future of onchain publishing looks brighter than ever. As Base CEO Jesse Pollak puts it: "Let's bring even more creators onchain!"
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.
The lead from Wall Street offers little clarity as the major averages opened lower on Friday and then bounced back and forth across the unchanged line, finally finishing mixed and little changed.The Dow added 33.18 points or 0.10 percent to finish at 34,798.00, while the NASDAQ eased 4.54 points or 0.03 percent to close at 15,047.70 and the S&P 500 rose 6.50 points or 0.15 percent to end at 4,455.48. For the week, the Dow rose 0.6 percent, the NASDAQ added 0.1 percent and the S&P gained 0.5 percent.The lackluster performance on Wall Street came on uncertainty about the outlook for the markets following recent volatility.
