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Equity

The ETH merge cometh

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 12 September 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Don't forget that the code "EQUITY" can save you money on Disrupt ticketsand TechCrunch+ access. And it makes us here on the show look good! Now, what did we get into today? Stocks are higher around the world, while major cryptos have risen sharply in the last week. The Ethereum update known as the 'Merge' is just around the corner. The change in consensus model at ETH is a big darn deal. How the tech change goes, and what the market reaction is to it, will be key events this week. And speaking of crypto, the SEC is getting even busier in its efforts to have more oversight of the space. From the startup front, Gotham Greens and Diveplane both raised money, $310 million and $25 million respectively. Each are a part of neat, growing sectors in startup-land, making their fundraising a bit more impactful than individual rounds tend to be. And then quick takes: Everyone's worried about TikTok, Amazon's content budget is bonkers, and EQT has a huge new fund. We are back Wednesday, and our Friday show will be taped live on Thursday! Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us onApple Podcasts,Overcast,Spotifyand all the casts. 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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0:00.0

Hello and welcome back to Equity, the Tech Ranch Podcast,

0:14.0

or we unpack the numbers and the nuance behind the headlines.

0:17.0

It is September 12, 2022, and this is Alex.

0:21.0

Now, I had actually expected the weekend to be slow and the week to start quietly, but the

0:25.4

news gods will not allow that and there is a lot going on. But before we begin, don't forget

0:30.2

the code equity. All caps will get you 15% off your disrupt tickets and I think

0:34.7

that code still works for Tech Runch plus if you do want to save money also you make us

0:39.0

look good internally which I will not complain about now with that out of the way, let's get into it.

0:44.0

Let's kick off with my favorite topic, the stock market and frankly guys I only have

0:49.8

good news. Shares are higher over in Asia. They are higher in Europe and they are set to rise,

0:55.4

admittedly a little bit less, here in the US when markets open. But what about the other stock market?

1:00.8

What about the world of crypto? crypto well major cryptos have gained

1:04.5

around 12% in the last week although they're mostly quiet in the last day the

1:09.0

crypto market cap is now back over the one trillion dollar mark a figure it does seem to be

1:14.0

oddly pegged to lately and if you care about smaller cryptos

1:17.5

Pocutot has broken into the top ten edging out Dogecoin probably a good sign

1:22.1

for crypto maturity.

1:23.2

NFT volume is on pace to set another sequential monthly low on open C when measured in

1:29.0

Eath and other metrics are similarly depressed.

1:31.6

And finally, there's nothing noticeable going on in the world of Defi TVL if that's your jam. And if you don't know what that means,

1:38.1

congrats, you have a life.

1:41.5

Ladies and gentlemen, it is a big week for crypto.

...

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