Disruption Banking Weekly Highlights (15)

It’s time to catch up on the latest features and analysis from the #DisruptionBanking team.

Adéníyì Mákindé started last week by analysing movements on Shiba Inu (SHIB) markets, which has captured investors with its “unique blend of playful branding and meme-inspired culture.” Adeniyi writes that SHIB has turned from a joke into a serious contender and could potentially make gains in the weeks ahead:

Laird DiLorenzo then contributed a deep-dive investigation into the activities on crypto conman Avi Eisenberg. The Israeli crypto millionaire brazenly drained $110 million from the DeFi protocol Mango Markets in October 2022 when he rapidly inflated the price of MNGO, the protocol’s governance token. More on this crypto heist here:

Harry Clynch reacted to the news that Ethereum software giant Consensys has filed a lawsuit against the US Securities and Exchange Commission. Given the multitude of legal cases involving crypto firms in the US, Harry explores whether crypto firms should still decide to start-up in the country. Harry also spoke to Lee Bratcher, President of the Texas Blockchain Council, who expressed concerns about the regulatory environment but optimism that states such as Texas provide “rays of sunshine” amidst the negativity.

Harry also analysed developments on Turkish lira markets. The lira has depreciated massively against the US dollar in recent years but, with Erdogan instigating a shift in monetary policy, the future is looking more positive for the Turkish currency. Why are major investment banks such as Citibank and JPMorgan now going long on the lira?

Finally, we looked into the strong performance of the Norwegian sovereign wealth fund, GPFG, which has been driven by its outsized bets in equities. The outlook remains positive, especially with the Norwegian government injecting $8.7 billion into the fund during Q1, and more growth could be in store:

Make sure to check back next week for more from #DisruptionBanking!