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China
Investors Watch Markets as Pelosi’s Taiwan Trip Weakens Risk Sentiment
U.S. House Speaker Nancy Pelosi landed in Taiwan on Tuesday, raising geopolitical tensions in China and zapping investor risk appetite. Race Capital General Partner Edith Yeung discusses her take on Pelosi's "truly reckless and really dangerous" visit and why "nothing good [will] come out of it." Plus, her analysis and outlook of the "warm" crypto winter.
Bitcoin, Ether Slip as Risk Sentiment Wanes Amid Pelosi’s Taiwan Visit
The crypto market wilted as geopolitical tensions zapped investor risk appetite and excitement around Ethereum’s merge began to deflate. As Ether overtook the options market for the first time, Quantfury Head of Markets Daniel Muvdi predicts that ether has the potential to eventually “flip bitcoin in market cap.”
Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption
The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings, and why the likelihood of CBDC adoption worldwide could be based on Chinese technology.
Ethereum Surges Ahead of Merge Event
Delphi Digital Markets Associate Jason Pagoulatos discusses the potential factors driving ETH's price higher as it surges roughly 12% in the last 24 hours ahead of its merge with the Beacon Chain to transition from proof-of-work to a proof-of-stake consensus model. Plus, the impact of China's slowing GDP growth on global finance and other macro headwinds to watch.
Shanghai Plans to Cultivate $52B Metaverse Industry by 2025
Shanghai wants to create more than 100 companies in a plan that focuses on virtual reality and increased connectivity.
SBF’s Voyager Debt Emerges; Celsius Reshuffles Board
Alameda Research owes $377 million as Voyager Digital’s second largest borrower. Genesis confirms exposure to Three Arrows Capital. Celsius Network reshuffles board as it fights to stay afloat. South Korea’s Uprise said to have lost US$20 million in client funds on LUNA short. South Korea to cooperate with U.S. on Terra investigation. China’s "Instagram" gets into virtual fashion with users strutting their stuff in NFT clothes. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices
The app developer had bought 940.89 BTC and 31,000 ETH in spring of 2021.
The Crypto CEO Who Doesn't Want the Job
The Mask Network's Suji Yan is building and funding Web3, and hoping it decentralizes away his role. This Q&A is part of Future of Work Week.
