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CoinFLEX Freezes Withdrawals; Investors Deserting Singapore

CoinFLEX latest crypto exchange to freeze withdrawals, while Voyager cuts limit amid 3AC exposure. Chinese police say crypto being used to launder drug money. Retail investors desert exchanges in Singapore amid bear market and government warnings. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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SBF Agrees Second Bailout; Pride in the Metaverse

Bitcoin, cryptocurrencies return to red with soaring U.K. inflation. Sam Bankman-Fried steps in to bail out BlockFi.Indian tax authorities to discuss 28% GST on crypto trading next week. Chinese regulators vow to prevent further crypto risks. Pride events head into the metaverse, offering a new safe space for the LGBT community. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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3AC Foreclosure Concerns Grow; Fed Boost Short Lived

BlockFi is reportedly among those that liquidated Three Arrows Capital positions. Fed boost to crypto market proves short lived. Huobi to exit Thailand permanently on July 1. Hong Kong Monetary Authority joins with Bank of Israel to investigate CBDC cybersecurity. China media watchdog: NFTs are digital publications and need to be censored. Should NFT collectors be buying insurance? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Mercados

First Mover Asia: Uma alternativa chinesa para stablecoins baseadas em dólar? Ampliar o uso do CNH apresenta desafios; BTC permanece acima de US$ 20 mil

O token é uma versão da moeda chinesa projetada para uso offshore; outras criptomoedas são misturadas em negociações leves.

People's Bank of China (Emmanuel Wong/Getty Images)

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Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital

Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.

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Binance’s CZ on Crypto in China

Changpeng “CZ” Zhao, founder and CEO of the world’s largest crypto exchange Binance, discusses the state of crypto in China after its crackdown on digital assets, and why the ban won’t be lifted any time soon. Plus, advice for navigating crypto winter.

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Mercados

Benchmark vê Canaan como investimento indireto em Bitcoin, ações ganham

A corretora iniciou a cobertura das ações do negócio de equipamentos de mineração com uma classificação de compra e preço-alvo de US$ 9.

Canaan SVP Edward Lu with the Avalon 1266 model at Bitcoin 2022 conference (Aoyon Ashraf/CoinDesk)

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Bitcoin Falls Below $30K as Bullish Momentum Wanes

Bitcoin tumbles back below $30,000 amid liquidity pressure. TradeStation Group VP of Market Intelligence David Russel discusses his crypto markets analysis and outlook. Plus, his take on S&P 500, Chinese stocks, their impact on the global crypto markets and the rising recession risks.

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Foundry Exec on Crypto Mining Industry Outlook

Foundry SVP of Mining Strategy Kevin Zhang shares insights into the state of bitcoin mining operations in New York, China, and Kazakhstan, and their impact on the global mining industry.

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StepN Co-Founder Addresses Concerns Over Hit 'Move-to-Earn' NFT Game

StepN Co-Founder Yawn Rong shares insights into the pitch and concept for Stepn, the new Solana-based move-to-earn game that lets users buy and trade NFT sneakers, and rewards them for walking or running in the real world. Plus, addressing concerns the game is a "ponzi scheme" and its plans to effectively ban gameplay in China this July.

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