This episode explores the multifaceted impact of Trump's tariffs and the evolving crypto landscape in Asia, particularly in China, Japan, South Korea, and Hong Kong. Against the backdrop of these tariffs, the discussion analyzes the perception of crypto as a risk-on asset and a potential hedge against economic uncertainty. More significantly, the conversation delves into the nuanced relationship between China and crypto, highlighting the de facto ban on trading while acknowledging the prevalence of underground trading activities. For instance, the panelists discuss the use of Hong Kong as a testing ground for crypto policies and the potential for future stablecoin regulation. In contrast to the retail-focused Korean market, the episode also examines the lifting of a shadow ban on institutional crypto investment in South Korea and its potential implications. Finally, the discussion touches upon the current state of crypto gaming in Asia, highlighting the growth in daily active players and the potential impact of upcoming major game releases. Emerging industry patterns reflected in the episode include the increasing adoption of Bitcoin as a macro hedge and the potential for more crypto IPOs in the region.
