Shrinkflation - The inflation you’re not supposed to see
Manufacturers are quietly shrinking package sizes without lowering prices
Package sizes are shrinking. It’s the inflation you’re not supposed to see.
The consumer price index soared by 8.6% from a year ago, according to the Labor Department — a 1% jump from last month. Grocery prices are up 11.9% annually — their highest rate since 1979, according to government data. Further, energy prices jumped 34.6% from a year earlier, with gas prices up 49%.
About 17,000 workers from more than 70 tech startups globally were laid off in May, a 350% jump from April. This is the most significant number of lost jobs in the sector since May 2020, at the height of the pandemic.
More layoffs in tech startups.
Lummis and Gillibrand Bill Aims to Give Crypto Oversight to the CFTC
Major Korean exchanges delist Litecoin due to its new privacy features.
Aurora Labs pays $6 million reward to hacker who saved 70,000 ETH from getting stolen
BlockFi is raising a down round at $1 billion valuation: sources
SEC investigating whether BNB was a security when sold in 2017
Monero Announces the Launch of Much-Awaited Tail Emission
Bitcoin's Hashrate Hits an All-Time High Nearing 300 Exahash per Second
Study reveals 30% of billionaires have direct or indirect investments in crypto
Tumble dryers use more electricity than Bitcoin mining
Robots can now be built with living humanlike skin
Scientists make ‘slightly sweaty’ robot finger with living skin
Educational articles & videos
10 Impactful Provisions of The Lummis-Gillibrand Bill
How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers.
Evaluating Web3 job opportunities like an investor
How Decentralized Organizations Win (And Lose)
How Do Kwon Allegedly Cashed Out $2.7B From Terra Network
Health: 23 Signs Your Body Is Deficient in Nutrients
This newsletter is my collection of the most important latest news, educational articles, videos in Crypto, Blockchain, AI, health, lifestyle, tech in general and funny memes. Nothing in this newsletter is a financial or health advice. This newsletter is for educational and entertainment purposes only.