[Delio] Is the Financial Sector Ready for the Preoccupation in the Crypto Market? — <Virtual Talk> Weekly Crypto Report S2E1
Virtual Talk Digital Assets, Korea’s top cryptocurrency-related show, is back with Season 2 to cover the hottest digital assets potatoes during the frozen or so-called bear market.
In our weekly <Virtual Talk> review, we will cover all the essential stories from major cryptocurrency industry news, investment tips, and outlook for the financial field to help investors secure their portfolios.
<Virtual Talk> Season 2 Introduction:
Show guests:
James Jung: CEO of Delio and director at Korea Financal Investment Association, former vice-chairman at Korea Blockchain Startup Association
Goran: CEO of Algoran, an economic-focused YouTube channel, former reporter for the JoongAng Ilbo economy
Kim Donghwang: CEO of Wonder Frame, former reporter at the CoinDesk Korea
This week the crypto world has seen new ups and downs, demonstrating new opportunities for future profits.
Top 5 breaking crypto news and top stories:
1. The danger of FTX
2. JPMorgan executes first DeFi trade on a public blockchain
3. WEMIX’s fate
4. Aptos and Sui coins
5. Bitcoin is ready to rocket-jump
Let’s examine each new in detail and learn what it brings to the world.
5. Bitcoin is ready to rocket-jump
According to the world’s top cryptocurrency experts, Bitcoin will likely jump to $1 million by 2030.
While some people may see the outlook of the world’s largest cryptocurrency in terms of the trading volume as too optimistic, the reality is that despite the Bitcoin price changes, the coin has been showing a rapid recovery tendency in a long-term position.
Moreover, the financial market insights prove that the Bitcoin savings amount is moving in the opposite direction regardless of the bear market situation, demonstrating the soon price rise.
4. Aptos and Sui coins
Aptos and Sui, two recent Meta (formerly Facebook)’s abandoned coins that were airdropped, have reached $1,300 in revenue, melting the crypto winter.
The main reason for the rapid price rise lay in the origin of the high-performance blockchain to the coin is related to. Sui shows promising opportunities for payment-related features.
3. WEMIX’s fate
WEMIX, a native coin of South Korea’s blockchain-based Global Gaming Platform for gaming dApps that provides users with wallets and a marketplace for digital assets, has been occupied on the majority of the local crypto exchanges. The recent announcement claims that the actual coin and the reported circulation have a gap that may lead to the coin delisting.
Notably, WEMIX represents Korea’s gaming coin delisting which can affect the local gaming industry.
WEMIX is currently trading at $1.60 per share as of November 9.
Revealing the Top 2 crypto news!
2. JPMorgan executes first DeFi trade on a public blockchain
Multinational banking firm JPMorgan in collaboration with DBS Bank, Singapore’s largest bank, has successfully executed its first-ever cross-border transaction using decentralized finance (DeFi) on a public blockchain.
The trade was executed on Ethereum layer-2 network Polygon, using a modified version of the Aave protocol’s smart contract code. It demonstrated the possibility for Ethereum and DeFi to succeed in a wide business spectrum.
1. The danger of FTX
FTT, the token native to crypto exchange FTX, one of the world’s leading trading platforms, lost most of its value after rival Binance, the world’s largest cryptocurrency firm, announced plans to acquire the company.
The agreement between the two companies is non-binding. It follows what FTX CEO Sam Bankman-Fried called “liquidity crunches” at his firm, which was valued at $32 billion in a financing round earlier this year. Lower trading expenses, the chance to earn income, and benefits, including reduced blockchain fees, were promised to FTT owners. While FTT and other coins’ value increases can benefit investors, they are mostly unregulated and are particularly vulnerable to market downturns.
The current FTX situation remains unclear, resulting in a mass coin subtraction from the investor side.
Watch the full episode to learn more about crypto news for the past week (KOR):
About <Virtual Talk>:
<Virtual Talk> is a Korean online program held by a leading Korean Economic Broadcast channel. The program is dedicated to discussing the world’s recent trends in the blockchain, cryptocurrencies, DeFi, and NFTs, issues that occurred in the Korean and global digital asset market, and the direction of the industry development and new digital asset pledge bills and regulations.
To provide easy-to-understand and accurate information on the digital assets industry, Delio will be weekly joining Season 2 of <Virtual Talk Virtual Asset>.
<Virtual Talk> Season 2 Schedule:
Live Stream: every Monday 7 PM (KST)
Live Stream Platform: Korea Economy TV
Secure your investment with <Virtual Talk> Season 2.
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