Axios

Coin days destroyed is one of those unique-to-blockchains metrics that have the bonus of evocative terminology.

Why it matters: It's a better way of gauging economic activity for a digital asset, signaling when long-term holders are starting to change behavior.

When you're trying to set policy based on data — as the Federal Reserve aims to do — there are two mistakes you can make: overreacting and underreacting. The Fed now faces both risks.

Why it matters: At their policy meeting this week, officials will have to react to a recent run of elevated inflation data.

The powerful National Association of Realtors last week agreed to settle a big lawsuit and change the way real estate agents get paid — from effectively a standard commission to something truly negotiable.

Why it matters: The deal could open up a tightly controlled market to genuine competition, and create opportunities for new players and business models in a relatively old-fashioned world.

With the breakup of the NAR cartel, the biggest potential disruption in the real estate industry is if buyers' brokers are replaced by AI bots.

The big picture: A well-trained AI would probably provide a better, more reliable service than most human brokers — at a tiny fraction of the cost.