Crypto Winter
FTX Eyes Raising Capital for Potential Retail-Focused Deal: Source
Cryptocurrency exchange FTX is raising capital in parallel with a potential acquisition, according to a source familiar with the matter. "The Hash" panel discusses what this means for the market in a crypto winter and thoughts on Sam Bankman-Fried's strategies.
The Merge Approaches; Building Better Systems
Host Joel Flynn breaks down what to expect as the Merge approaches. Plus, insights into building future-ready systems amid crypto winter. More on those stories and other news shaping the cryptocurrency world in this episode of “The Daily Forkast.”
'The Pressure Is on' and Bitcoin Is Responding in Kind: Analyst
MarketGauge Group Managing Director Michele Schneider and Laguna Labs founder Stefan Rust discuss their outlook on the markets amid a crypto winter and their expectations before the next FOMC meeting. Plus, a closer look at bitcoin's (BTC) performance ahead of September.
Crypto Broker Genesis Cuts 20% Staff, CEO Michael Moro Steps Down
Genesis CEO Michael Moro is stepping down, as the crypto broker slashes 20% of its 260-person workforce. It follows major losses tied to the collapse of Three Arrows Capital earlier this summer. “The Hash” panel discusses the latest fallout of crypto winter, the human toll, and what it reveals about the state of crypto lending.
Crypto Trading Volumes Tank; India’s Crypto Info Call to G20
Trading volumes plummet as crypto winter bites and investors hold onto Bitcoin. Venture Capital investment in crypto startups falls, but the number of deals done rises. India’s finance minister calls on G20 to share information on crypto. US lawmakers say crypto miners should disclose energy data. Apathy at home compels South Korea’s blockchain game developers to market games abroad. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Is a Crypto Winter Coming?
Some investors fear an impending “crypto winter” as the global crypto market has shed $1.2 trillion in the last three months. CoinDesk Managing Tech Editor Christie Harkin and Markets Managing Editor Brad Keoun discuss their global outlook on next week’s crypto markets activity.
Why This Crypto Winter Might Soon Be Over
Bitcoin's 90-day correlation with tech stocks, in contrast to the 2018 sell-off where BTC was not correlated with tech stocks at all, suggests the bottom is not necessarily where the marginal crypto native seller capitulates, but where the marginal legacy macro seller becomes exhausted. Fundstrat's research suggests BTC is much less likely to experience a prolonged crypto winter for this reason. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
