FTX Aisle Cleanup
3 mins read

FTX Aisle Cleanup

Thecryptoinsider0

Hello, and welcome back to Equity, the podcast about the business of startups. In this episode, we’ll be unpacking the numbers and nuance behind the headlines.

Monday’s Episode Recap

Our Monday episode kicked off with a weekly rundown of what’s happening in the world of startups and tech. Here are some key takeaways:

Global Markets

Stocks are mixed around the world, with parts of Asia and Europe showing gains, but the United States experiencing sharp declines to start the week.

  • Asia: Stock markets in Japan, South Korea, and China showed modest gains, while those in Hong Kong and Singapore were flat.
  • Europe: The Euro Stoxx 50 index rose by 0.5%, driven by gains in the technology sector.
  • United States: The S&P 500 fell by 1.2% due to concerns over inflation and interest rates.

Crypto Prices

Crypto prices have recovered modestly from last week’s sharp decline, but remain depressed. The FTX saga continues to reverberate through the market.

  • Bitcoin (BTC): Price rose by 2.5% to $15,500.
  • Ethereum (ETH): Price increased by 3.5% to $1,100.
  • FTT: The FTX token price plummeted by 75% due to the exchange’s liquidity crisis.

Other Tech News

Fake meat companies are raising significant funding rounds, while Klarna is working on innovative product features. India has unbanned VLC media player, and e-commerce infrastructure startups continue to attract capital.

  • Fake Meat: Beyond Meat and Impossible Foods have raised $500 million and $700 million respectively in their latest funding rounds.
  • Klarna: The company is developing a feature that allows customers to purchase items even if they don’t meet the minimum payment requirements.
  • VLC Unbanned: India has lifted its ban on VLC media player, which was put in place due to concerns over national security.
  • E-commerce Infrastructure: Startups like ShipBob and ShipStation are raising capital to improve their services.

Listen to This Episode

Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays. Subscribe to us on Apple Podcasts, Overcast, Spotify, and all the casts.

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Host Bio

Alex Wilhelm is a senior reporter for TechCrunch covering markets, venture capital, and startups. He’s also the founding host of TechCrunch’s Webby Award-winning podcast Equity.

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