EPISODE · Mar 24, 2023 · 1H 33M
The great bank decline & Joker Club spirit
from FOMO HOUR: A Daily Crypto & Web3 News Show · host Decrypt Media
in this epidote, we discuss the latest developments in the financial and crypto markets, as well as exciting news in the gaming and NFT industries. Yesterday, equities had a strong start, but concerns about Deutsche Bank's financial stability have surfaced. Interest rates continue to be volatile and are pricing in a different tune from the FED's narrative, with speculations on an emergency cut being priced in.Meanwhile, crypto is outperforming traditional markets, but if regional banks such as Deutsche Bank go down, it would require a cross-Europe decision to bail them out. Additionally, commercial real estate is the latest concern, and unrealized losses are continuing to surface globally. Banks that have supported startups and those with large commercial real estate portfolios will come up short and be exposed to the falling dominoes of this crisis.In the NFT market, we've been dealing with "price bad" for a while, with top collections mostly down to around 20% on the 30-day. Mando thinks we should be prepared for things to worsen, and the musical chairs of liquidity continues.Moving on to gaming news, Kansas has announced its casino, with a trailer revealing things like sports betting in the panda universe. Dan Houser backed "revolving games" is designing a game for the Creepz.In other news, Yuga Otherside 2nd trip has been announced for tomorrow, the 25th, on a first come, first serve basis for users. Team captains were also announced, and all users will be assigned to a certain captain. There was also a teaser trailer.Finally, the podcast was joined by Joker Club Spirit and Founder M. schulmann, the Delugue General of 'Group Partouche,' who owns casinos. GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio
What this episode covers
in this epidote, we discuss the latest developments in the financial and crypto markets, as well as exciting news in the gaming and NFT industries. Yesterday, equities had a strong start, but concerns about Deutsche Bank's financial stability have surfaced. Interest rates continue to be volatile and are pricing in a different tune from the FED's narrative, with speculations on an emergency cut being priced in.Meanwhile, crypto is outperforming traditional markets, but if regional banks such as Deutsche Bank go down, it would require a cross-Europe decision to bail them out. Additionally, commercial real estate is the latest concern, and unrealized losses are continuing to surface globally. Banks that have supported startups and those with large commercial real estate portfolios will come up short and be exposed to the falling dominoes of this crisis.In the NFT market, we've been dealing with "price bad" for a while, with top collections mostly down to around 20% on the 30-day. Mando thinks we should be prepared for things to worsen, and the musical chairs of liquidity continues.Moving on to gaming news, Kansas has announced its casino, with a trailer revealing things like sports betting in the panda universe. Dan Houser backed "revolving games" is designing a game for the Creepz.In other news, Yuga Otherside 2nd trip has been announced for tomorrow, the 25th, on a first come, first serve basis for users. Team captains were also announced, and all users will be assigned to a certain captain. There was also a teaser trailer.Finally, the podcast was joined by Joker Club Spirit and Founder M. schulmann, the Delugue General of 'Group Partouche,' who owns casinos. GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio
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The great bank decline & Joker Club spirit
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