In this podcast episode, the market saw a strong day with the S&P 500 up 0.9%, but interest rates have sold and 2-year rates had a big move over the week. Traditional markets are being compared to FTX with crypto, as big headlines are followed by a lack of news and no crashing, suggesting that the rate of correction may outweigh the crisis. Meanwhile, crypto is holding and has rebounded from regulatory FUD, with XRP seeing another move up. Binance is receiving FUD over their connections to China, and Euro transfers of more than 1k may require KYC like traditional banking. Nakamigos is now sitting at .44 and was part of the end of the Satoshi drop. Blur has announced they are extending their rewards, which will be painful for Opensea as they've seen 50-60% market share. Beetle has announced big news, and Y00ts migration went smoothly yesterday. It remains to be seen which coin takes second place to ETH in trades between Solana and Polygon. Lastly, the UK has delayed its plans to get into NFTs, and a TikTok ban is still being discussed with an uncertain outcome.
GM!
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