Jerome Powell's Moo Deng Moment

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Club happenings:

• Maya Bakhai of Spice Capital breaks down the business of venture capital in our latest podcast.

• Last call for Brunch with The Boys in Singapore with Harpie, and friends Leather, Alchemy and Serotonin!

Bye!

The Boys

Writer: Deana

Rate Cut. Another day, another hyperfixation. This time, the laser eyes are laser focused on today’s expected interest rate cut announcement by the Federal Reserve. A rate cut makes it cheaper to borrow money, with a goal to stimulate the economy. But our man Jerome has a big job! He has to strike the right balance - cutting too much, like 75 bps, could signal trouble ahead. Will a cut “unshackle” the markets? Will it be ”parabolic” for Bitcoin? What Would Moo Deng Do?

Cringe Corner. The crypto industry oofs are plentiful this week. Did you fly to Singapore on the crypto karaoke plane? You may be entitled to compensation. “Best Telegram Group” was an actual category in the KOL Awards. A scammer hacked Usher’s X account and launched $USHER, only to rug in a record 29 minutes. Trump talked about his grandchildren and rambled about NFTs in a weird Twitter/X spaces. Is this all too negative? Sorry I’m in my luteal phase.

Quick Hits.

• Mark Cuban wants to buy Fox News and Twitter/X. The Tesla bros don’t think he has the juice.

• Everyone (us included) is talking about the Mr. Beast guide to content production.

• An ‘addictive’ app where you have millions of AI followers.

🫵 Listen to Parker on Liquid Culture right now!

🫡 Latashá is hiring.

🎧 Get Vérité’s vinyl.

🦑 This thread of merch for Squid doesn’t have to go so hard!

🖼️ NYC Boys - The Subjective Art Festival is gifting us some tickets thanks to the lovely Camille. Get your ticket here, using code BOYSCLUB

🥄 Check out Lisa’s new food tech startup substack, Cooking Roux.

💕 Paris Hilton pumps Chipped.

📈 Congrats to Gaby for her new role at Rostra.