On this week’s episode of Market Talks, Cointelegraph welcomes Brent Xu, Founder and CEO of Umee — a decentralized finance hub constructed on prime of the Cosmos SDK, providing instruments for macro-level lending and lending purposes. Previous to founding Umee, Xu led technique at Tendermint whereas setting the strategic roadmap and partnerships for the Cosmos ecosystem.

Beginning with our foremost subject at present, Bitcoin (BTC) hit $29,000, a brand new high for 2023, regardless of the latest United States regulatory crackdown on crypto companies and the uncertainty surrounding it. This might additionally point out that the crypto market would not appear to care an excessive amount of in regards to the Commodity Futures Buying and selling Commission’s lawsuit in opposition to Binance and its CEO Changpeng “CZ” Zhao. Even the Crypto Concern & Greed Index – which goals to numerically characterize present “feelings and emotions” in the direction of Bitcoin and different main cryptocurrencies – has risen steadily over the previous month regardless of fluctuations within the world banking sector. However what does all this actually imply for the crypto house? Should not traders be so anxious about regulation?

This week Saudi Arabia, Kenya, Pakistan, Russia, India and Brazil determined to commerce in their very own currencies as an alternative of US {dollars}. Why did they determine to do that and can it have a major affect on the US and the dollar? In that case, will there be any affect on the crypto house?

We ask Xu what his imaginative and prescient is for DeFi protocols and crypto exchanges to construct their very own banking providers sooner or later. Centralized crypto exchanges are at the moment beneath all kinds of stress from regulators, however we’re nonetheless seeing Constancy Investments increasing its providing and Nasdaq is about to launch its crypto custody platform. We additionally study what Xu thinks about Constancy Funding’s latest enlargement.

There’s a lot happening for the time being when it comes to regulation within the crypto house, principally crackdown on the crypto sector. We ask Xu what his long-term imaginative and prescient is for the way forward for the regulated crypto house in america.

America Federal Reserve seems to be in an infinite battle in opposition to inflation. The speed hikes additionally appear to have no finish in sight. Is the Fed dropping its battle? When will there be a pause in price hikes and the way reasonable is it for the Fed to hit its targets for this 12 months?

We cowl all of this and extra, so keep tuned to the top. Market Talks airs each Thursday at 12:00 p.m. ET (5:00 p.m. UTC). Every week it options interviews with among the most influential and inspirational folks within the crypto and blockchain trade. So head over to the Cointelegraph Markets & Analysis YouTube web page and smash the Like and Subscribe buttons for all of our future movies and updates.