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Crypto rises on Fed hike; Three Arrows insolvency concerns

Bitcoin, Ethereum and TRX recover as the Federal Reserve raises interest rates. Meanwhile, Three Arrows Capital faces liquidation concerns.

Welcome to The Daily Forkast – June 16, 2022 – presented by Megha Chaddah.

Coming up on today’s show:

Crypto market reacts positively to Fed’s largest hike since 1994, but longer term concerns remain.

Meanwhile, Singapore-founded Three Arrows Capital in hot water over liquidation issues. 

And further to yesterday’s developments, crypto exchange Coinbase lays out plans for development in India despite global job cuts.

And finally, Yahoo and Meta to use Hong Kong as metaverse test bed.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast June 16.