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Tesla’s Bitcoin bump; Zipmex freezes withdrawals

Bitcoin drops after Tesla sells 75% of its bitcoin holdings. Meanwhile, South Korean authorities raid 15 companies as part of their Terra Luna investigations.

Welcome to The Daily Forkast – July 21, 2022 – presented by Joel Flynn.

Coming up on today’s show:

Bitcoin slips after Tesla announcement, but analyst says we could have seen the bottom.

Meanwhile, Crypto trading volumes in India recover.

Polygon’s ZK solution aims to slash current layer-1 Ethereum network costs by 90%.

Over in Southeast Asia, Singapore-based Zipmex freezes withdrawals.

Staying in Singapore, documents reveal Vauld owes retail customers US$363 million.

And in South Korea, prosecutors raid 15 companies as part of Terra-LUNA investigation.

Former Celsius employees say issues started years before bankruptcy filing.

And finally, the UK pushes ahead with stablecoin rules.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast July 21st.