CashNews: Germany’s Blockchain, Chimera and Barclays

Germany’s Blockchain Game is on Fire, Even When Things are Icy🔥❄️

 

Yo, check this out! Cointelegraph just dropped some deets that even though the global blockchain scene’s been kinda meh, Germany’s been out here securing the bag big time in 2023. They snatched up a whopping $355 mil across 34 deals, which is like 3% more than last year. That’s wild, right? 

Germany’s not just dominating in their backyard; they’re grabbing 2.4% of the world’s blockchain funds and 2.5% of all deals. That’s a major glow-up from their 2022 vibes. Europe-wide? They’re killing it with nearly 10% of all the funding and deals. 

But get this twist: Even as Germany’s on the rise, the rest of the world saw a major dip in funding, with a crazy 62% drop in the last four quarters. Tony Cheng from Foresight Ventures thinks maybe the crypto world needs to up its innovation game. I mean, haven’t we all heard enough about NFTs?

 

Abu Dhabi’s Chimera Drops a $50 Billion Bombshell with Lunate 🌙💰

 

Hold up! According to Yahoo News, Chimera Investment from Abu Dhabi just launched this super cool global investment manager called Lunate, with a massive $50 billion under its belt. This new squad’s all about diving into private markets, and they’ve got big plans to set up shop across North America, Europe, and Asia. And guess what? They’re aiming to have a team of over 150 peeps, including 80 pro investors. Mad respect!

 

Barclays Keeps it Chill While Other Banks are Shook 📉💹

 

Here’s some tea: While big banks are all worked up about Turkey’s next interest-rate hike, Barclays Plc is just vibing on its own wave. Despite President Erdogan’s hints towards more standard policies, Barclays is like, “Nah, we see a 250 basis point hike.” That’s literally half of what JPMorgan and Morgan Stanley are predicting! 

Barclays thinks the Turkish central bank might take it slow, kinda like easing into a cold pool, to keep things chill for banks and peeps. But word on the street after Erdogan’s latest chat and a recent rate bump is that the key rate might jump to 30% on Sept. 21. Barclays, though, is betting on a 35% benchmark by year-end and 40% by end-2024. Only time will tell who’s got it right! 🤷‍♂️📊