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What’s shaping the markets right now: AI hype, Bitcoin’s calm, and the Fed’s next move

What’s shaping the markets right now: AI hype, Bitcoin’s calm, and the Fed’s next move

Global markets are currently riding a wave of optimism, with risk sentiment surging as investors appear to shrug off a host of economic and political uncertainties. This buoyant mood stems mainly from two key drivers: the anticipation of earlier-than-expected Federal Reserve rate cuts and growing excitement about the potential for artificial intelligence to fuel economic growth.

Beneath this surface of confidence, there are substantial risks that could easily unsettle this delicate balance. From escalating trade tensions to shifting monetary policies and fluctuating commodity prices, the global financial landscape is anything but stable. Adding to the complexity is the cryptocurrency market, where Bitcoin’s price volatility has recently hit its lowest point in over a year, offering a curious contrast to the broader market dynamics.

Let’s begin with the economic and political risks that, despite being overlooked by many market participants, remain critical to understanding the current sentiment. One of the most prominent issues is the resurgence of trade tensions, highlighted by former President Donald Trump’s recent threat to raise tariffs on Indian goods substantially. His reasoning ties to India’s continued purchases of Russian oil, a move that has irked US policymakers amid geopolitical strains.

This isn’t just a bilateral spat between the US and India. It has the potential to ripple across global trade networks, disrupting supply chains and increasing costs for businesses worldwide. India plays a vital role in the global economy, particularly in technology and manufacturing, so any escalation in tariffs could dampen corporate earnings and slow economic momentum. This is a reminder that geopolitical posturing can quickly translate into economic consequences, and investors ignoring this risk might find themselves caught off guard if tensions boil over.

Turning to monetary policy, the Federal Reserve’s next moves are shaping up to be a linchpin for market sentiment. San Francisco Fed President Mary Daly recently indicated that the Fed might need to implement more than two rate cuts this year if the labour market weakens further and inflationary pressures from tariffs fail to materialise.

This comment caught my attention because it suggests a willingness to adopt a more supportive stance, which could bolster markets by lowering borrowing costs and encouraging investment. However, it also underscores the Fed’s challenging position. Cutting rates too aggressively risks reigniting inflation, especially if trade disruptions push up prices. On the other hand, holding back could stifle growth if the labor market deteriorates. Fed is walking a tightrope, and its decisions will likely amplify market swings in the coming months. For investors, this means staying attuned to economic data like employment figures and inflation readings, which will heavily influence the Fed’s path.

AI hype changes things

Meanwhile, the optimism around AI-driven growth is injecting a dose of excitement into the markets, and I can see why. Advances in artificial intelligence are no longer just theoretical. They’re starting to reshape industries. Companies are pouring resources into AI, betting that it will streamline operations, boost productivity, and open new revenue channels.

This enthusiasm is most evident in the tech sector, which has powered a recent rebound in US stock markets. The S&P 500 climbed 1.5 per cent, the NASDAQ jumped 2.0 per cent, and the Dow Jones rose 1.3 per cent, reflecting a clear risk-on attitude. I find this rally encouraging because it signals confidence in innovation as a growth driver. I also think it’s worth tempering expectations.

AI’s economic impact is still unfolding, and while the long-term potential is immense, short-term gains might be overstated. If other risks like trade disputes or policy missteps intensify, the AI narrative could lose its luster, leaving tech-heavy indices vulnerable.

The bond market offers another lens into investor sentiment, and here I see a mix of caution and opportunism. US Treasuries consolidated their gains on Monday after a strong showing the previous Friday, when renewed expectations of Fed rate cuts drove demand. The 10-year Treasury yield dropped 2.4 basis points to 4.192 per cent, inching close to its support level at 4.185 per cent.

Lower yields typically suggest investors are seeking safety, which seems at odds with the equity market’s rally. To me, this divergence hints at underlying unease; some investors are hedging their bets even as others pile into stocks. The US Dollar Index fell 0.4 per cent in response to these lower yields, while gold edged up 0.3 per cent to US$3,373 per ounce. Gold’s modest gain reinforces my view that safe-haven assets still hold appeal, despite the risk-on vibe dominating headlines. It’s a subtle but telling sign that not everyone is fully convinced by the current optimism.

The case with commodities

Commodities, too, are part of this intricate puzzle. Brent crude oil slipped 1.3 per cent to US$68 per barrel after OPEC+ agreed to increase production by over 500,000 barrels per day starting in September.

This move surprised me a bit, given the group’s usual caution, but it could ease inflationary pressures by keeping oil prices in check. For consumers and businesses, cheaper oil is a welcome relief, potentially supporting spending and investment. However, it also raises questions about global demand. If OPEC+ feels confident boosting output, does that mean they see economic growth slowing? I lean toward the idea that this is a strategic play to maintain market share, but it’s a development worth watching. Lower oil prices might give central banks like the Fed more room to cut rates without stoking inflation, indirectly supporting the risk sentiment driving markets.

Now, let’s shift gears to Bitcoin, where an intriguing story is unfolding. The cryptocurrency’s price volatility has plummeted to its lowest level in over a year, a stark contrast to its historically wild swings. According to Blockforce Capital, Bitcoin’s annualised 60-day volatility fell to 28.53 per cent on July 30, the lowest since August 28, 2023. Its 30-day volatility hit 25.26 per cent on July 23, the calmest since October 15, 2023. This happened as Bitcoin’s price oscillated between US$105,000 and US$122,750 in July, per Coinbase data from TradingView.

I find this stability fascinating, especially given the broader market turbulence. Part of it stems from regulatory progress, including the passage of three US House bills on crypto and the enactment of regulations in July, with the GENIUS Act signed into law by President Trump. These steps likely reassured investors, reducing uncertainty.

But there’s more to this story. Institutional players are flexing their muscles, and I see this as a game-changer. Strategy, formerly known as MicroStrategy, acquired US$2.46 billion worth of Bitcoin between July 28 and August 3, increasing its holdings to 628,791 tokens, valued at over US$71 billion. That’s a massive bet, averaging $117,526 per token, and it shows how Michael Saylor has turned his company into a Bitcoin juggernaut.

Similarly, Japan’s Metaplanet grabbed 463 BTC for US$53 million, pushing its stash to 17,595 BTC, worth about $2.02 billion. These firms are treating Bitcoin like a treasury asset, buying even as retail enthusiasm wanes. I think this institutional muscle could steady Bitcoin through choppy waters, though it also ties the crypto’s fate closer to corporate strategies.

My view? Enjoy the ride, but keep your eyes wide open. The next few months could be a wild one.

 

Source: https://e27.co/whats-shaping-the-markets-right-now-ai-hype-bitcoins-calm-and-the-feds-next-move-20250805/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Markets on the move: Trade talks, housing slumps, and crypto whales stirring

Markets on the move: Trade talks, housing slumps, and crypto whales stirring

The European Union and the United States are inching closer to a trade deal that’s been keeping everyone on edge. The big headline is a proposed 15 per cent tariff on EU goods heading into the US. That’s a hefty number, but it’s not as brutal as the 30 per cent or even 50 per cent tariffs that were floating around earlier in Trump’s talks.

According to Reuters, diplomats say this deal might mirror one the US just struck with Japan, with some carve-outs for things like aircraft, alcoholic spirits, and medical devices. The EU’s been scrambling to make this palatable, offering to drop its own tariffs to zero on certain items. It’s a high-stakes chess game, and the final move depends on what Trump scribbles on his notepad next.

But the EU isn’t just sitting back waiting for the hammer to drop. They’ve got a counterpunch ready: €93 billion in tariffs on US goods, set for a vote this Thursday. Think poultry, cars, planes, and even tech services, all in the crosshairs. France is pushing hard for this, and there’s broad support to flex the EU’s anti-coercion tool if Trump cranks the tariffs up to 30 per cent. It’s a bold stance, showing the EU is not afraid to hit back. I think this brinkmanship could either force a better deal or spark a messy trade war, depending on how far each side’s willing to push.

Across the Pacific, Japan’s playing a different game. They’ve pledged a massive US$550 billion investment in the US, opening their markets to American goods as part of a new trade pact. That’s a huge win for the US, and it’s got a ripple effect, with a deal involving the Philippines in the mix too. Treasury Secretary Scott Bessent seems pretty chill about it all, saying there’s no rush to shake up the Federal Reserve leadership. It’s a sign the focus is squarely on trade and growth right now.

Closer to home, the US housing market’s throwing us a curveball. Existing-home sales dropped 2.7 per cent in June 2025, hitting an annual rate of 3.93 million units, the lowest since September 2024. Analysts were expecting 4.01 million, so this miss stung. Single-family homes took the brunt, falling three per cent, while condos and co-ops held steady at 360,000 units.

Here’s the kicker: despite fewer sales, the median home price soared to a record US$435,300. To me, that screams affordability issues. People want homes, but the prices are out of reach, and it’s a red flag for the broader economy if this keeps up.

Equities: Markets riding the trade wave

Now, let’s talk stocks, because the markets are loving this trade optimism. In the US, it’s a mixed bag but mostly upbeat. On Wednesday, the Dow climbed 1.14 per cent, the S&P 500 gained 0.78 per cent, and the Nasdaq Composite rose 0.61 per cent, all fuelled by hopes of smoother trade relations and solid earnings from big players.

Thursday’s futures were a bit of a rollercoaster, though. Nasdaq 100 and S&P 500 futures ticked up 0.4 per cent and 0.1 per cent, thanks to Alphabet jumping two per cent. But Tesla’s 4.5 per cent tumble after weak auto revenue numbers and IBM’s five per cent slide from missing Q2 software targets dragged Dow futures down 0.3 per cent. It’s a tug-of-war, but the overall vibe is positive.

Over in Hong Kong, the Hang Seng’s on fire, surging 408 points, or 1.6 per cent, to 25,538 on Tuesday. That’s four straight gains and the highest close in nearly four years. Everything from tech to consumer goods is riding the wave, and traders are buzzing about upcoming US-China talks in Stockholm. Add in rising turnover in China’s markets and a four-month peak in margin financing, and you’ve got a recipe for bullishness.

Japan’s stealing the show, though. The Nikkei 225 rocketed 3.51 per cent to 41,171, and the Topix jumped 3.18 per cent to 2,926 on Wednesday, hitting one-year highs. Trump’s trade deal with Japan, tied to that US$550 billion investment and a 15 per cent tariff on their exports, lit the fuse.

Automakers went wild, Toyota up 14.3 per cent, Honda 11.2 per cent, and Nissan 8.3 per cent. Financials and industrials joined the party too. I see this as a classic case of markets betting big on trade unlocking growth, but it’s worth wondering if the hype might cool if deals stall.

FX, commodities and fixed income

Switching gears to currencies, the Australian dollar’s having a moment, climbing to 66 cents. That’s a nice little lift, and it’s all about the risk-on mood sweeping through markets. When trade talks look promising, investors get bold, and the Aussie dollar tends to catch that wind. It’s a small but telling sign of how interconnected these global shifts are.

In the commodities corner, US copper futures are flexing some serious muscle, hitting a record premium of nearly 30 per cent over London Metal Exchange prices. Why? Supply’s tight, demand’s up from infrastructure projects, and trade tensions are messing with the usual flow. Copper’s a bellwether for industrial activity, so this spike tells me the US economy’s got some juice, even if it’s wrestling with global disruptions.

For the bond crowd, the 10-year US Treasury yield’s making waves, climbing back above its 200-day average. That’s a shift worth noting. It suggests investors are feeling more confident about growth, shrugging off the housing slump for now. Higher yields can mean tougher borrowing costs ahead, but they also reflect a bet on a stronger economy. I’m curious how long this optimism holds if trade talks hit a snag.

Crypto: The Bitcoin whale stirs

Finally, let’s dive into the wild world of crypto. A Bitcoin whale just made headlines, moving a US$469 million stash after sitting on it for 14 years. Back in 2011, this investor, or maybe a company, scooped up over 3,962.6 BTC, per Arkham Intelligence data. It barely budged until Thursday morning Eastern Time, when it shifted to a fresh wallet with no prior action. No exchange tags, no big clues, just a massive move that’s got everyone guessing. Is it a cash-out? A security shift? We don’t know yet.

Bitcoin’s been flirting with a breakout, but it’s stuck under a key ceiling on the long-term power law chart. This isn’t your typical indicator, it uses logarithmic scales on price and time to map BTC’s wild ride. Right now, US$122,000 is the line in the sand. Break that, and we could see a full-on bull run. I think this whale’s timing is no coincidence; it’s a signal that big players are watching the same levels we are. Crypto’s still a rollercoaster, but moments like this remind us how much potential and risk are baked in.

My take on all this

Stepping back, I see a world economy that’s buzzing with possibility but teetering on some shaky ground. The trade deals with the EU, Japan, and beyond are pumping life into stocks and currencies, and that’s exciting. Copper’s premium and rising yields back up the growth story. But the housing data’s a buzzkill, affordability’s a real hurdle, and it could drag consumer spending down if it festers. Crypto’s a wildcard, that whale move could be a spark or just noise.

My gut says we’re in a sweet spot for now, but any misstep in trade talks could flip the script fast. What do you think, are we riding a wave or waiting for a wipeout? Either way, it’s a hell of a ride!

 

 

Source: https://e27.co/markets-on-the-move-trade-talks-housing-slumps-and-crypto-whales-stirring-20250725/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Global markets in limbo: The Fed’s rate decision and Bitcoin’s next move

Global markets in limbo: The Fed’s rate decision and Bitcoin’s next move

The Federal Reserve’s latest decision to hold interest rates steady, paired with cautious remarks from Chair Jerome Powell, has cast a shadow over global risk sentiment. Meanwhile, Bitcoin teeters on the edge of a significant technical move, with traders eyeing key levels amid a backdrop of economic and geopolitical uncertainty.

On Wednesday, the Federal Open Market Committee (FOMC) voted unanimously to maintain the Fed funds rate within the range of 4.25 per cent to 4.5 per cent, a decision that aligned with market expectations. However, the real story emerged from Jerome Powell’s post-meeting press conference, where he underscored the challenges facing the central bank.

Powell pointed to tariff-driven economic uncertainty and persistent inflation risks as major hurdles complicating the Fed’s ability to ease monetary policy aggressively. His remarks suggest a central bank that is treading carefully, wary of stoking inflation further while grappling with signs of a slowing economy.

The Fed’s updated economic projections reinforced this cautious outlook. Growth forecasts for 2025 were downgraded to 1.4 per cent from 1.7 per cent in March, signalling weaker economic momentum. Inflation expectations rose to three per cent from 2.7 per cent, reflecting ongoing price pressures, while the unemployment rate is now projected to increase to 4.5 per cent from 4.4 per cent.

These figures paint a picture of an economy caught between sluggish growth and stubborn inflation, a scenario that leaves little room for bold policy shifts. This signals a Fed that’s more likely to prioritise stability over stimulus in the near term, a stance that could keep markets on edge as investors search for clearer direction.

Markets react with hesitation

The US equity markets closed Wednesday with a lack of conviction, reflecting the uncertainty sparked by the Fed’s messaging. The S&P 500 slipped by a marginal 0.035 per cent, the Dow Jones Industrial Average dropped 0.10 per cent, and the Nasdaq Composite eked out a modest gain of 0.13 per cent.

This mixed performance suggests investors are unsure how to interpret the Fed’s reluctance to pivot toward rate cuts, especially with economic growth faltering and inflation lingering above the Fed’s two per cent target. This indecision could persist, particularly with US stock and bond markets closed today for Juneteenth, leaving traders with fewer immediate catalysts to drive sentiment.

In the bond market, we observed a subtle divergence that suggests shifting expectations. The two-year US Treasury yield fell by 1 basis point to 3.941 per cent, possibly indicating that investors anticipate short-term rates will hold steady or ease slightly as growth slows.

Meanwhile, the 10-year yield edged up by 0.2 basis points to 4.391 per cent, suggesting mild concerns about longer-term inflation or economic resilience. This flattening yield curve dynamic is something I find intriguing; it could imply that the market is pricing in a prolonged period of uncertainty rather than a sharp recession or recovery.

The US Dollar Index (DXY) climbed to 98.91, extending Tuesday’s 0.8 per cent surge. The dollar’s strength likely stems from its safe-haven status amid global unease, bolstered by the Fed’s relatively hawkish tone compared to other central banks. Gold, however, bucked its usual role as a safe-haven asset, falling 0.6 per cent to US$3,369 per ounce. I suspect the stronger dollar played a role here, as it often exerts downward pressure on gold prices.

On the flip side, Brent crude oil rose 0.3 per cent to US$76.70 per barrel, a move that could reflect supply-side worries or geopolitical tensions rather than robust demand. These commodity movements highlight how currency dynamics and external factors are currently overshadowing traditional risk-on/risk-off patterns.

A global patchwork of central bank responses

While the Fed holds its ground, other central banks are charting their own courses, reflecting the diverse economic pressures at play globally. The Bank of England (BOE) is expected to maintain its interest rate at 4.25 per cent today, a decision that aligns with the Fed’s cautious approach as the UK balances inflation and growth concerns.

In contrast, a Bloomberg survey suggests the Swiss National Bank (SNB) is poised to cut its policy rate by 25 basis points to 0.0 per cent, a move that would underscore Switzerland’s ongoing struggle with deflationary pressures and a strong franc. This is a pragmatic step, though it risks further weakening the SNB’s already limited policy toolkit.

In Asia, the Philippines’ Bangko Sentral ng Pilipinas (BSP) is anticipated to lower its target reverse repurchase rate by 25 basis points, signaling a shift toward supporting growth amid softening economic conditions. Taiwan’s Central Bank (CBC), however, is expected to hold its benchmark rate steady, opting for stability in a region where trade and tech sectors remain critical drivers. These varied responses fascinate me—they illustrate how interconnected yet distinct the global economy is, with each central bank tailoring its strategy to local realities while keeping an eye on the Fed’s lead.

Asian equity indices opened lower today, tracking the uneven cues from Wall Street and the Fed’s outlook. This softness aligns with my sense that risk sentiment is retreating globally, as investors weigh the combined impact of slower growth, sticky inflation, and policy uncertainty. It’s a reminder that no market operates in isolation; what happens in Washington reverberates across continents.

Bitcoin’s technical tightrope

Against this macroeconomic backdrop, Bitcoin is capturing attention as it navigates a precarious technical setup. Trading near US$104,773, the cryptocurrency is squeezed between a rising trendline and a descending 50-period exponential moving average (EMA) at US$105,529. This triangle pattern, often a sign of impending volatility, is underscored by recent price action: three consecutive candles with lower wicks have defended support around US$104,000, demonstrating buyer resilience; yet, the 50-period EMA caps any upward push.

The Moving Average Convergence Divergence (MACD) indicator is flattening, hinting at the possibility of a bullish crossover—a development that could spark upward momentum. A close above US$105,530 would be the bullish trigger, potentially driving Bitcoin toward US$106,650 and US$107,750.

Conversely, a break below US$103,500 would tilt the outlook bearish, with support levels at US$102,180 and US$100,450 coming into focus. Currently, the price prediction leans bearish due to mixed catalysts; however, I believe the market’s next move hinges on whether volume and momentum confirm a breakout or breakdown.

What strikes me about Bitcoin here is its dual nature—it’s both a speculative asset tied to risk sentiment and a potential hedge against economic turmoil. If global markets falter under the weight of the Fed’s caution and geopolitical risks, Bitcoin could face selling pressure alongside equities.

Yet, its historical resilience and appeal as an inflation hedge might draw buyers if traditional assets lose ground. I’m inclined to watch US$104,000 as a pivotal level for now; holding above it keeps the bullish case alive, while a drop below US$103,500 could signal a deeper pullback.

Options market signals caution

The Bitcoin options market offers another layer of insight, revealing a pronounced tilt toward downside protection. On Deribit, the put-to-call volume ratio spiked to 2.17 over the past 24 hours, reflecting heavy demand for put options—contracts that allow holders to sell at a set price, effectively insuring against declines.

For options expiring June 20, open interest in puts struck at US$100,000 now dominates, with a put-to-call ratio of 1.16. This surge in protective bets suggests traders are bracing for a potential drop to that US$100,000 level, driven perhaps by geopolitical jitters or broader economic fears.

I find this options activity telling. It’s not outright panic—call options are still in play—but it shows a market on guard, with participants unwilling to bet big on upside without clearer signals. In my view, this hedging reflects the same uncertainty rippling through equities and bonds: no one’s quite sure where the next shoe will drop, so they’re preparing for the worst while hoping for the best.

My take on the bigger picture

Stepping back, I see a global market landscape defined by hesitation and complexity. The Fed’s decision to hold rates steady, paired with Powell’s guarded comments, sets a tone of restraint that’s reverberating worldwide.

Weaker growth, higher inflation, and rising unemployment form a challenging trifecta that limits the Fed’s room to maneuver, and I suspect this will keep volatility elevated as markets seek clarity. The mixed signals from stocks, bonds, and commodities only deepen the ambiguity—investors seem caught between fear of a slowdown and faint hope for a soft landing.

For Bitcoin, the technical setup and options sentiment suggest a market at a tipping point. I lean slightly bearish in the short term, given the weight of global risks and the lack of a strong bullish catalyst. A break below US$103,500 wouldn’t surprise me, especially if equity markets stumble further.

That said, Bitcoin’s ability to decouple from traditional assets during times of crisis keeps me open to an upside surprise if it clears US$105,530 with conviction. Either way, I’d urge traders to stay nimble and closely monitor volume. Confirmation will be key.

Ultimately, this feels like a moment for patience rather than bold bets. The Fed’s caution, global policy divergence, and Bitcoin’s technical tension all point to a period of flux. For investors, staying informed and flexible will be critical as we navigate this uncertain terrain. Whether it’s a breakout or a breakdown, the next few days could set the tone for markets well beyond June.

 

Source: https://e27.co/global-markets-in-limbo-the-feds-rate-decision-and-bitcoins-next-move-20250619/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j