Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Crypto

<ul><li>The class of cryptocurrencies known as stablecoins needs a regulatory framework and private sector participation to ensure stable development</li><li>Last month the value of the token issued by algorithmic stablecoin project Terra crashed, raising doubts about the future of such assets</li><li>Stablecoins are a kind of crypto-asset pegged to legal tenders such as the U.S. dollar. Bitcoins and other cryptocurrencies are not backed by governments or physical assets, and their value can swing wildly</li></ul>

The class of cryptocurrencies known as stablecoins needs a regulatory framework and private sector participation to ensure stable developmentLast month the value of the token issued by algorithmic stablecoin project Terra crashed, raising doubts about the future of such assetsStablecoins are a kind of crypto-asset pegged to legal tenders such as the U.S. dollar. Bitcoins and other cryptocurrencies are not backed by governments or physical assets, and their value can swing wildly

Stablecoins Need a Regulatory Framework, Circle Chief Says

Crypto Investing and Decentralized Finance, Coinstack

Coinstack

Crypto Investing and Decentralized Finance

Coinstack is published weekly by Ryan Allis. He was previously CEO and Co-founder of iContact and led the company from 300 employees, 70,000 customers, and $50M in annual sales and an exit for $169M. Ryan was an angel investor in SpaceX, LendingClub, Change.org, Kuli Kuli, and Catalant. Today, Ryan advises companies and governments on blockchain-related projects and is the Chairman of Hive.org, a global community of 3,500 purpose-driven leaders from 130 countries making a positive impact in the world. Ryan holds an MBA from Harvard Business School where he was Co-President of the Harvard Social Enterprise Club and a fellow of the Harvard Graduate School Leadership Institute.

<ul>
<li>Peer is building their social network on top of their own high throughput blockchain that is designed to be even faster than Solana and Avalanche.</li>
<li>The utility token driving the ecosystem and rewarding creators will be called the Peer Metaverse Coin, or PMC, which is expected to launch later this month in June 2022.</li>
<li>Peer has raised $14M to date and is led by CEO Tony Tran, COO Heath Abbate, and Chief Design Officer Kyle Hay.</li>
</ul>


Peer is building their social network on top of their own high throughput blockchain that is designed to be even faster than Solana and Avalanche.
The utility token driving the ecosystem and rewarding creators will be called the Peer Metaverse Coin, or PMC, which is expected to launch later this month in June 2022.
Peer has raised $14M to date and is led by CEO Tony Tran, COO Heath Abbate, and Chief Design Officer Kyle Hay.


China and US Equity Analyst

Roger Xie

Cross Asset Strategy

<ul>
<li>Stablecoin <a href="https://www.smartkarma.com/entities/terrausd" target="_blank" data-smartkarma-citation="entities:35209:1" rel="noopener">TerraUSD (UST CURNCY)</a> has de-pegged from USD; the implosion put pressure on <a href="https://www.smartkarma.com/entities/tether" target="_blank" data-smartkarma-citation="entities:35208:1" rel="noopener">Tether (USDT CURNCY).</a> This resembled the confidence crises that precede bank runs.</li>
<li>The incident happened under macro headwind such as tech stock sell-off, rising benchmark interest rates and TerraUSD specific algorithm design. </li>
<li>The bigger worry of de-pegging has investors to re-assess the reserve behind stablecoin in the crypto ecosystem; we expect the ripple impact will continue for some time before settling down.</li>
</ul>


Stablecoin TerraUSD (UST CURNCY) has de-pegged from USD; the implosion put pressure on Tether (USDT CURNCY). This resembled the confidence crises that precede bank runs.
The incident happened under macro headwind such as tech stock sell-off, rising benchmark interest rates and TerraUSD specific algorithm design. 
The bigger worry of de-pegging has investors to re-assess the reserve behind stablecoin in the crypto ecosystem; we expect the ripple impact will continue for some time before settling down.


Crypto: Perfect Storm on Stablecoin Infrastructure

Crypto in Sports, Sporting Crypto

Sporting Crypto

Crypto in Sports

Breaking down the intersection between Sports and Crypto

Intersection Between Sports and Crypto

<ul><li>Users are able to <strong>move-to-earn, </strong>using up an energy bar for every walk or run they go on. Your energy bar then recharges every 6 hours and you can go again when that happens.</li><li>You’re a buyer, contributor and participant in this game and economy, and you’re paid to be part of it.</li><li>In mid march - their Chief Business Officer claimed the app has had 1 million downloads with 100,000 monthly users, which apparently doubled in the <strong>space of the next 30 days</strong></li></ul>

Users are able to move-to-earn, using up an energy bar for every walk or run they go on. Your energy bar then recharges every 6 hours and you can go again when that happens.You’re a buyer, contributor and participant in this game and economy, and you’re paid to be part of it.In mid march - their Chief Business Officer claimed the app has had 1 million downloads with 100,000 monthly users, which apparently doubled in the space of the next 30 days

Crypto Fundamental Investor/Analyst

Josh Du

NASDEX Ltd

We believe that the tokenization of all asset classes, including stocks, is inevitable as the world further increases adoption of crypto and blockchain technology.

NASDEX is designed to serve as a bridge between the crypto world and the equity world. We believe that the onchain adoption of the equity asset class will deliver increased accessibility with improved capabilities for both crypto and equity investors

<ul>
<li>Stablecoins are the critical $170 billion dollar sector that is the key building block for the entire $2 trillion dollar crypto asset class with increasing attention from regulators</li>
<li>In part 1, we explore some real world case studies on problems that stablecoins solved for crypto such as stability of payments to vendors, and the enabling of lending</li>
<li>We also present a (almost) risk-free arb where traders pay 1.5% to borrow USD and receive 9% on stablecoin dollars </li>
</ul>


Stablecoins are the critical $170 billion dollar sector that is the key building block for the entire $2 trillion dollar crypto asset class with increasing attention from regulators
In part 1, we explore some real world case studies on problems that stablecoins solved for crypto such as stability of payments to vendors, and the enabling of lending
We also present a (almost) risk-free arb where traders pay 1.5% to borrow USD and receive 9% on stablecoin dollars 


Stablecoin Part 1 - The Game Changing Tech in Crypto and a Real World Arb Trade

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Stablecoins Need a Regulatory Framework, Circle Chief Says

The class of cryptocurrencies known as stablecoins needs a regulatory framework and private sector participation to ensure stable development

Caixin Global

Crypto: Perfect Storm on Stablecoin Infrastructure

The bigger worry of TerraUSD de-pegging has investors to re-assess the reserve behind stablecoin in the crypto ecosystem; we expect the ripple...

Roger Xie

Sporting Crypto: Stepn - Move to Earn?

Users are able to move-to-earn, using up an energy bar for every walk or run they go on. Your energy bar then recharges every 6 hours and you can...

Sporting Crypto

Stablecoin Part 1 - The Game Changing Tech in Crypto and a Real World Arb Trade

Introduction piece to a deep dive series on the USD170 bn mkt cap stablecoins which are systematically important for crypto and is increasingly...

Josh Du

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Stablecoins Need a Regulatory Framework, Circle Chief Says

The class of cryptocurrencies known as stablecoins needs a regulatory framework and private sector participation to ensure stable development

Caixin Global

Peer - The Web3 Social Network

Peer is building their social network on top of their own high throughput blockchain that is designed to be even faster than Solana and Avalanche.

Coinstack

Crypto: Perfect Storm on Stablecoin Infrastructure

The bigger worry of TerraUSD de-pegging has investors to re-assess the reserve behind stablecoin in the crypto ecosystem; we expect the ripple...

Roger Xie

Sporting Crypto: Stepn - Move to Earn?

Users are able to move-to-earn, using up an energy bar for every walk or run they go on. Your energy bar then recharges every 6 hours and you can...

Sporting Crypto

Stablecoin Part 1 - The Game Changing Tech in Crypto and a Real World Arb Trade

Introduction piece to a deep dive series on the USD170 bn mkt cap stablecoins which are systematically important for crypto and is increasingly...

Josh Du