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Happy Tuesday, Blockfolians

The Lede

Well, the latest CPI numbers are out, and they’re not pretty. Inflation rose 0.9% month over month and 5.4% year over year. This was higher than surveys of economists expected.

The Fed, for their part, continues to say that inflation is transitory. The numbers are high yes, but they reflect both base effects (i.e. think about what was happening exactly 1 year ago) and temporary dislocations as demand comes back online.

Others are less sure.

For our money, Meltem has the best take:

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Community Commentary

An interesting discussion in Uniswap world
So, what happens next?

A Really Big Number We Should Be Paying Attention To


That’s the amount of crypto the UK just seized

Final Thought

Don’t forget