Episode Details

Blockchain DXB & Society X: Unfiltered Chat - Weekly Crypto, Blockchain & AI

Date: 17th October Unfiltered Chat Time: 09:00 AM GST
Hosts: RA George & Markose Chentittha

1. Where We Left Off:

   • CPI Numbers: Inflation is down to 2.4%.
   • FOMC Outlook: Post-election forecast, interest rate decisions will be a focal point.

2. Jobs Market:

   • Significant Growth: 254,000 jobs added last month, but concerns about the authenticity of these figures.
   • Pompliano Podcast: Raised skepticism regarding the source of these jobs—could the numbers be manipulated?
   • Key Question: If the jobs market is thriving, why did Jerome Powell reduce interest rates by 50bps?
   • Yahoo Finance Insight: Odds of a 50bps rate cut dropped to zero after the latest jobs report.

3. Mt. Gox Repayment Postponed:

   • Repayment plan has been pushed back by a year, now set for October 31, 2025.
   • Impact: This delay means less Bitcoin supply, which could potentially pump the price.

4. Crypto Market Snapshot:

   • Stablecoin Volume: Stable and strong, 24-hour volume remains promising.
   • DEX to CEX Trading: Holding above 24%, consistently showing a strong shift towards decentralized exchanges.
   • Dapp Performance:

5. World Economy Updates:

   • US Share of World Economy: Projected to hit a historic low, below 15%, under President Joe Biden’s administration.
   • BRICS Updates: Cuts the use of the Dollar and Euro below 30%. Is the U.S. losing dominance to China?
   • Stablecoins and Bitcoin: Can BRICS adopt these instead of developing a new solution?

6. USA Election:

   • World Liberty Token (WLFI): A new token launch with no ties to Donald Trump or his political affiliations.
   • Token Presale: Launch set for 15th with some technical errors.
   • Zak Folkman: Head of Operations at WLFI and co-founder of Dough Finance. Is WLFI a good project?

7. Kamala Harris Policy Controversy:

   • Racist Claims: A policy that aims to benefit Black men in digital assets, but questions arise—what about other ethnic groups such as Brown or Mexican individuals?
   • Link: Kamala Harris's Policy.

8. UAE SCA Requests SEC Investigation (Cardi B):

   • AED Stablecoin: Is it legit? Questions are raised due to lack of information.
   • No Website or Info: AED Stablecoin LLC has no online presence, and any mentions by Al Maryah Community Bank have been retracted.
   • Potential Legitimacy: Still unclear, no confirmation from the UAE Central Bank.

9. GITEX Update:

   • Coverage of key updates from GITEX Technology Week.

10. Society X / Oort Foundation Update:

• Insights and future plans for the Oort Foundation and Society X.

1. Blockchain DXB Updates:

• Three new episodes released on The Race Space Podcast.