What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines

“Virtually instantly after it was unveiled exterior the Miami Seaside Conference Middle on Monday, kicking off the primary day of the worldwide Bitcoin 2022 convention, observers famous the robotic totem with hooves and horns lacked that one essential anatomical element. Its creator, Furio Tedeschi, hadn’t supposed for the bull to be a steer.” (CoinDesk Assistant Opinion Editor Daniel Kuhn) … “Credit score the place it’s due, the Journal does add some depth to the story, notably by speaking to meme coin merchants straight. However the report reaches the identical conclusion that we did final month: “Almost all analysts agree that participation [in meme coin trading] is actually a type of playing.” (CoinDesk columnist David Z. Morris) … “The absence of produce from [Ukraine, under attack by Russia] can be lifting the costs of commodities produced elsewhere as nations and corporations search options to their normal provides. Larger grain costs particularly additionally threaten a knock-on influence on beef and different meat as producers rely closely on grain to feed livestock and poultry. The upper prices imply a number of the largest meals corporations within the U.S. will doubtless proceed to lift costs on shoppers for merchandise from cereal to deli meat, analysts say.” (The Wall Road Journal) … “But any swift selections on oil sanctions face main political obstacles. With EU member states cut up on the difficulty, Brussels officers say there shall be no selections on Monday and that even the presentation of particular proposals might be weeks away. Germany, Europe’s largest economic system, is main the opposition to sanctioning imports of Russian oil or gasoline, and has to this point resisted calls from Japanese European nations reminiscent of Poland for stronger vitality sanctions.” (The Wall Road Journal)