Episode Details

22nd June: Crypto & Coffee at 8 🎙️
🚀 Bitcoin & Shitcoins 🚀 Federal Reserve Board: More rate hikes ⚡Three Arrows Capital Limited founders are back 🚨Bitcoin mining industry update

🔺 #BTC has crossed $30k but the most significant gainers since the last 24 hours are #pepecoin, #BCH #CFX (Confulx) they have been up over 20% since the previous 24 hours. Check out Blockchain DXB’s Crypto & coffee at 8 podcast to know more.
Two macro-level reasons why the price is moving upwards
- BlackRock Bitcoin Spot ETF news
- US Debt limit has been increased

❗ Chair of Federal Reserve Board Jerome Powell told U.S. lawmakers “Inflation pressures continue to run high, and the process of getting inflation back down to 2 per cent has a long way to go,” & it may make sense to move rates higher but to do so at a more moderate pace,” This news might temporary dump the price of crypto? His testimony to Congress can be found here https://lnkd.in/dWdNJn9F

🤔 The founder of Three Arrows Capital Limited ie 3AC Ventures is focused on superior risk-adjusted returns without leverage.

❗ Cointelegraph has reported that On June 21, Open Exchange (OPNX), a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed “3AC Ventures.” According to developers, “the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future.” OPNX was founded by Su Zhu and Kyle Davies, who co-founded the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC). Article here https://lnkd.in/dWw_igaF

🟥 Important to note in February Dubai’s VARA officials said they issued OPNX and its founders with a Cease and Desist order, which resulted in some restrictions being applied regarding residents of Dubai and the rest of the United Arab Emirates (UAE)

🔴 Bitcoin mining industry update
❌ Bitcoin Miner Core Scientific Files Chapter 11 Plan Finance Magnates has reported that The publicly listed crypto miner plans to repay secured creditors in full. It said it had seen a boost in its mining business due to improving Bitcoin prices. Article here 

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