What’s a crypto trade price?

Hey and welcome again to Equity, a podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

This week Alex was again with Grace and our new producer to kick off the week. Now that we’re by means of earnings season, issues are slightly quieter on the forecast entrance, however that didn’t imply that we have been quick on materials:

• Shares are down all over the world, whereas crypto costs stay depressed within the final week; NFT quantity continues its destructive drift.
• CNBC got FTX revenue numbers! Solely by means of the primary quarter of 2022, sadly, that means that we have now a good suggestion of what the corporate did by means of March of this 12 months. That’s good, however not nice. Why not? Q2 is basically the turning level for crypto exchanges, Coinbase knowledge signifies. So we obtained the stuff that makes FTX look good. We’d like extra.
• The Socar IPO was kinda meh, ultimately. Whereas we welcome any and all IPOs at this level, hopes could have been for a stronger welcome on the South Korean inventory marketplace for the SoftBank-backed firm. TechCrunch has more.
• And from the Fast Hit folder, Tesla is raising the price of its driver-assist system, Amazon is looking to buy more healthcare assets, NSO may reform and SPACs are kaput.

Fairness is again Wednesday and Friday this week, as we don’t have a stay present. Chat quickly!