Equity When will India make up its mind about crypto?
Jul 18, 2022
Stocks are booming globally, and cryptocurrencies have made a notable comeback, although the NFT market seems sluggish. Robotics funding is surging, driven by the e-commerce sector, showcasing innovations in warehouse automation. Meanwhile, India's potential crypto ban raises eyebrows, sparking discussions about its financial stability. Additionally, the podcasting landscape is shifting, with notable deals occurring amidst challenges, while the closure of Modsy highlights the need for transparency in startups.
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Market Rebound
- Stocks are up globally, offering a respite from recent market downturns.
- Key earnings reports this week will reveal insights into consumer spending, EVs, and enterprise software.
Crypto Rebound, NFTs Lag
- Major cryptocurrencies like Bitcoin and ETH have rebounded in value.
- However, NFT market volume remains low, suggesting a disconnect between crypto prices and NFT interest.
Sirius Robotics Funding
- Sirius Robotics, a Chinese warehouse robotics company, secured $7.4M in Series B extension, totaling $40M.
- E-commerce remains a key driver of robotics innovation, with warehouse automation seeing increased investment.