As retirees approach retirement age, caution is advised in investing, especially in cryptocurrency. Financial experts recommend sticking to ‘blue chip’ cryptos like Ethereum and Bitcoin. However, some advise retirees to avoid crypto altogether due to risks. Five cryptos to avoid include Solana, Dogecoin, Shiba Inu, XRP, and Wall Street Pepe. Solana has experienced network outages, Dogecoin lacks a business use case, Shiba Inu has no governance, XRP faces regulatory risks, and Wall Street Pepe has low liquidity and high volatility. Retirees should be wary of investing in these cryptos to protect their retirement savings. 1. The stock market hit record highs today, with the S&P 500 closing at 4,446.08 and the Dow Jones Industrial Average reaching 35,289.35. Investors are optimistic about economic recovery and strong corporate earnings.

2. In a groundbreaking study, researchers have found that a new drug has shown promising results in treating Alzheimer’s disease. The drug, called ADUHELM, has been shown to reduce amyloid plaques in the brain, a key factor in the progression of the disease.

3. The United Nations has reported a dramatic increase in the number of people facing hunger around the world. An estimated 811 million people are now experiencing chronic food insecurity, with conflicts, climate change, and the COVID-19 pandemic all contributing to the crisis.

4. Tesla has announced plans to open a new “Gigafactory” in India, marking the company’s first manufacturing facility in the country. The factory will produce electric vehicles and batteries, helping Tesla expand its presence in the rapidly growing Indian market.

5. The Tokyo Olympics have come to a close, with the United States finishing at the top of the medal table with a total of 113 medals, including 39 gold. Japan, the host country, also had a strong showing, winning a total of 58 medals.

Read more at Nasdaq: 5 Cryptos Retirees Should Avoid at All Costs, According to Experts