Equity Monday: Crypto ticks higher, fintech gets interesting again and fraud is still bad

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 26 June 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's the rundown for the very last Equity Monday of Q2 2023: Crypto's mini-boom in the last week comes after a brutal few weeks of negative headlines; for the crypto-faithful, it must be a breath of fresh air. Startups: IRL was a digital fraud, Vanta is a unicorn to watch after quick ARR growth and a resulting valuation has grown into, and TreasurySpring is riding a changing macroeconomic climate to rapid fintech growth. As Amazon pledges more investment in India, we're seeing a lot of other big economic pieces move. Other American companies are pledging big dollars to the country as Japan looks to buy one of its domestic chip companies, and American investors are putting capital into their own domestic silicon players. Finally, Apptio is selling to IBM for $4.6 billion. Whew! That's a lot, but we had a good time and will see you back here on Wednesday! All the cool kids are filling out the Equity listener survey. We want to hear from you! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.6	Hello and welcome back to Equity, the Tech Runch Podcast, where we unpack the numbers and the nuance behind the headlines. Good morning.
0:17.9	My name is Alex. It is June 26, 2023. This is our Monday show. We look back at the weekend, look ahead to the week, and figure out what is ahead of us.
0:26.4	Now, on today's show we're talking about the crypto mini boom, the fact that IRL was a digital fraud,
0:31.6	and a 2022 unicorn that appears to be kicking
0:34.4	bud. After that a flurry of deals in and around Asia to reform the
0:38.3	region's economy away from China. It's going to be very interesting, but let's start
0:42.1	with the markets.
0:44.0	Kicking off with the stock market, shares are mostly lower in Asia today,
0:50.0	with Korean stock standing out in the green.
0:52.0	They are mixed in Europe, where a dramatic few days with Korean stock standing out in the green.
0:52.8	They are mixed in Europe where a dramatic few days saw Russia in the wake of its
0:56.8	2022-era invasion of Ukraine deal with a partial insurrection with one of its paramilitary
1:02.3	groups that it uses to project a force abroad.
1:05.1	The Wagner Rebellion did fiz allot but does remain top of mind outside of the financial markets today.
1:10.7	And here in the US, while stocks are set to fall at the open.
1:14.0	From stocks to the silly stock market, what's going on in the world of crypto?
1:18.0	Well, turns that finally something happened.
1:20.0	For the last couple of weeks I have noted that the prices prevalent in the major
1:23.7	cryptocurrencies have been flat but this week finally something happened. In the last
1:28.0	seven days Bitcoin is up around 15% and Eath is up around 9. Now keep in mind this puts the price of
1:34.3	Vichone at around $30,000 and eith around 1900 so nothing that we haven't
1:38.6	seen before but it may still feel like a pleasant surprise to see risk on
	...

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