MARKETS DAILY: Crypto Update | Relief in Bitcoin Pressure, Stablecoin Concerns, and South Korea's Offshore Holdings
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 September 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Noelle Acheson, author of the Crypto Is Macro Now newsletter, investigates the easing in potential Bitcoin selling pressure, renewed concerns surrounding the crypto world's largest stablecoin, and the intriguing South Korean offshore crypto holdings.
Today's episode is sponsored by Kraken Pro.
Today’s Stories:
Mt. Gox Pushes Repayment Deadline by a Year
Tether Is Lending Its Stablecoins Again - WSJ
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
CRYPTO IS MACRO NOW NEWSLETTER
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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.
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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.7 | This episode of Markets Daily is sponsored by Cracken. |
| 0:57.2 | It's Thursday, September 21st, 2003, and this is Markets Daily from CoinDest. |
| 1:03.8 | My name is Noel Acheson, CoinDest collaborator, and author of the Crypto's Macronow newsletter |
| 1:08.6 | on Substack. |
| 1:09.6 | On today's show, we're talking about |
| 1:11.2 | some relief in potential Bitcoin selling pressure, renewed concerns about crypto's largest stable |
| 1:16.5 | coin, and South Korean offshore crypto holdings. So you don't miss an episode, be sure to follow |
| 1:22.3 | the podcast on your platform of choice. And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 1:30.3 | Now, the markets roundup. |
| 1:35.3 | Assets around the world reacted with surprise yesterday at the FOMC's statement that left US rates unchanged, |
| 1:46.1 | but that also loudly signaled that U.S. rates will remain higher for longer. |
| 1:51.2 | Among the more surprising moves was the lifting of the FOMC projection for the Fed Funds |
... |
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