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Crypto Markets React to Highest Fed Interest Rate Hike Since 1994
Medley Global Advisors Managing Director for Global Macro Strategy Ben Emons discusses the market reaction to the Federal Reserve’s historic 75 basis point interest rate hike, the highest since 1994. Plus, is bitcoin still an inflation hedge?
Exploring Bitcoin’s Relationship With Fed Rate Hikes
Bitcoin’s price seems to drop as the Fed Fund Futures implied 12-month rate goes up, according to NYDIG data. Plus, insights on why ProShares’ bitcoin ETF (BITO) is climbing to a new all-time high after two straight days of massive inflows.
Bill Gates Slams NFTs: ‘Based on Greater Fool Theory’
“The Hash” group discusses Microsoft founder and environmental advocate Bill Gates’ recent criticism of cryptocurrencies after he stated that NFTs are based on the “greater fool” theory.
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.
Binance and Kraken Stick to Hiring Plans Amid Market Volatility
While many crypto companies likes Coinbase have laid off employees amid the recent market downturn, Binance and Kraken are tweeting about their plans to continue hiring. “The Hash” discusses the rivalries at play, along with Binance CEO Changpeng Zhao’s latest comments at Consensus 2022.
Kevin O’Leary Says ‘Panic Event’ Is Needed Before Crypto Bottoms
“Shark Tank” Co-Host and serial investor Kevin O’Leary recently told a CoinDesk reporter that a “panic event” is needed before crypto bottoms, stating that “in the crypto world, we need someone to go to zero.” “The Hash” group discusses these claims, sharing their expectations for the current bear market.
Celsius Had 'Their Heads in the Sand': Fmr CFTC Chair
Former CFTC Chairman and Harvard University Research Fellow Timothy Massad weighs in on the future of crypto regulation as Celsius announces it is freezing all account withdrawals.
Bitcoin Drops Toward $20K Ahead of Fed Decision
Digital Asset Research CEO Doug Schwenk discusses the state of the crypto markets as investors await a key rate decision from the Federal Reserve.
Rapper French Montana on NFT Slump: Only the Strong Survive
Three-time grammy-nominated recording artist and entrepreneur French Montana discusses his new “French Family” NFT project. Montana also shares his take on the current state of the NFT market amid a crypto downturn and his advice for upcoming artists new to the space.
Tron Bolsters Reserve Again; Fed Decision Market Wobbles
$500 million in USDC added to Tron DAO USDD reserve. Coinbase cuts nearly a fifth of its workforce. Michael Saylor, Microstrategy stick to their guns on Bitcoin. Crypto market braces for U.S. Federal Reserve rate decision. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
