Quarterly Market Recap: Q2 2023 - [Web3 Breakdowns, EP.80]

This is Matt Reustle and we are back with another quarterly review. I joined Eric to talk about everything that happened in the second quarter of 2023—most of this quarter seemed to focus on regulatory headlines, scrutiny from the SEC, and unexpected rulings in the Ripple case. So we dive into what those mean and what it looks like on the horizon. Then we cover some interesting developments like the BlackRock ETF, Eric shares a few applications that get him most excited about blockchain in the future, and we talk about what development is like in the industry as a whole. Please enjoy this short but action-packed conversation with me and Eric. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.  ----- This show is brought to you by OKX. Want to stop paying trading fees? You can now trade for free for two months with OKX. Over 20 million traders and institutions choose OKX when they want to trade. And you can join them by signing up at okx.com/landingpage/okxtraderseries to start your two months of fee-free trading today. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes (00:03:36) - (First question) - Cryptocurrency Q2 performance steady despite headline volatility (00:04:43) - Crypto sentiment is highly volatile, influenced by headlines and deep analysis (00:08:27) - Regulatory actions on Binance expected, Coinbase surprising, timing caught people off guard (00:11:06) - Coinbase sentiment impacted by regulatory uncertainty (00:12:56) - XRP's lawsuit reveals debate over security classification for institutional vs. retail sales (00:16:06) - The XRP ruling highlights the need for new cryptocurrency regulations (00:13:54) - Crypto's focus shifted to AI, but some still build projects (00:24:50) - Blockchain's global appeal and potential as a listed currency excites investors (00:27:44) - The potential of blockchain to streamline finance and ownership (00:29:46) - BlackRock ETF approval could propel Bitcoin's adoption  (00:32:21) - Closing thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices