Big Bulls in a Bear Market
We are in the midst of a bear market that is giving some flashbacks to 2018, yet even though crypto and stocks are down, there seems to be a lot of money flowing from big investors and big companies in the DeFi space.
Why is Big Money Flowing During a Bear Market?
On Tuesday, Coinbase became the first crypto-focused company to be included in Forbes Fortune 500, pulling $7.8 billion in revenue for the 2021 fiscal year. Projects like ZenLedger and Babel Finance are raking in huge capital investment. But it still begs the question: why are we seeing such big crypto companies doing well or getting funding while in the midst of a bear market?
Sam Bankman Fried Says he could Spend up to $1 Billion in Next Presidential Election
Sam Bankman-Fried says he could spend up to $1 billion or more in the 2024 election, which would easily make him the biggest-ever political donor in a single election. Speaking to Jacob Goldstein on his podcast “Whats You Problem?”, Sam said he expects to give “north of $100 million” in the next presidential election and that he has a “soft ceiling” of $1 billion if candidates like Donald Trump were to run.
WWOC: Someone Stole Seth Green’s Bored Ape, Which Was Supposed To Star In His New Show
Seth Greens new animated show “White Horse Tavern” has been halted due to Seth falling for an NFT phishing scandal. The show’s characters were based on Greens extensive NFT collection, ranging from Mutant Apes to Punks. One of his main characters named “Fred Simian” was flipped for $42,000 profit on OpenSea.
What we cover in this episode:
- Coinbase Becomes First Bitcoin Company Among Fortune 500
- Crypto asset manager Babel Finance reaches $2B valuation
- ZenLedger Raises $15M to Expand Crypto Tax Products
- Andreessen Horowitz has launched a $4.5bn cryptocurrency fund for investing specifically into crypto companies
- Sam Bankman-Fried says he could spend a record $1 billion in 2024 election
- WWOC: Seth Green made an animated show with his NFT’s, succumbed to a phishing scam and now legally can’t air the show
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