This week on SUDS, the Startup Daily TV podcast: Unstablecoins, cryptocurrencies, GD1 supports web3, a prayer for political vision

Every week on the TV show Startup Daily, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in technology.

Now you can catch the best of the show with the weekly podcast, SUDS.

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It has been a tough week for technology stocks and crypto, as well as investors, with US VC giant Tiger Global experiencing $ 17 billion in hedge fund losses. USD (SoftBank has fallen USD 26 billion).

But it is no company for the algorithmic stablecoin Terra USD’s meltdown, Coinbase’s losses and the jump wider in cryptocurrencies where Bitcoin dives below US $ 27,000.

At this week’s show, we spoke with PD Silva from Geminio, who outlined 4 key causes of the Terra and Luna collapse. Silva also explained why it will happen again and the problems with the Terra model.

To hold on to crypto, the first crypto ETFs launched in Australia this week, and with an election, and Labor ahead in the polls, we spoke with NSW Liberal Senator Andrew Bragg, a key proponent of embracing digital assets in Australia, about the way forward for his proposal.

Meanwhile, from day 1 (GD1), New Zealand VC Global is building a USD 5 million cryptocurrency. to support DeFi, DAOs, NFTs, web3 and crypto infrastructure. GD1 partner Vignesh Kumar and Foundation partner Nawaz Ahmed took us through their plans.

The problem with 3-year election cycles is that they can lead to short-term thinking. Cicada Innovations CEO Sally-Ann Williams joined us to talk about thinking big and her hopes for the nation, innovation and a long-term vision, and explain why it is so important to our success.

Listen to SUDS:

Speakers: Simon Thomsen and Eliot Hastie

Producer: Jaxson McLennan