Join Our 500,000+ Community
"China on Monday led to a mass market sell off that rippled across equity markets around the world. China’s Evergrande is a massive real estate conglomerate that is at high risk for insolvency. Investors have been worried about corporate debt in China and the concerns are starting to come to fruition. Evergrande will be a big test for Beijing and the broader market, especially since it may need a $300B bailout (not confirmed). To put that into perspective, the bailout during the Great Recession in 2008 allocated $700B to TARP.
Anyways, it goes to show that crypto has not decoupled from the equity market just yet."
-Harsharn Singh, Investment Associate @ Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
Enjoying Ember?
June 27, 2022
Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.
June 24, 2022
Thank you to everyone who has participated in the third season of the mining program! The Ember team is proud to announce the start of Mining Season 4!
June 22, 2022
Welcome to the May recap! It's been a wild month in the space, but we remain bullish on the long-term outlook.