On-Chain Finance Startup Fractal's $6M Seed Raise

The transcript discusses the recent trends in Bitcoin and Ethereum markets, highlighting the Chapela update's impact on Ethereum. It explores liquidity issues post-FTX and the shift in market dynamics towards Asia. The narrative of Bitcoin as a safe haven is revisited, especially after SVB's bankruptcy. The regulatory environment is examined, with a focus on Fractal's on-chain finance approach. The performance of altcoins and decentralized exchanges is also analyzed.

What was one of the key outcomes of Ethereum's Chapela update?

• Introduction of a new cryptocurrency

• Creation of liquidity in the markets

• Increased ability to stake Bitcoin

• Transition from proof of stake to proof of work

How did institutional investors react to Ethereum's update on April 12th?

• They ignored the update

• They increased their short positions

• They closed their short positions and bought Ethereum

• They sold all their Ethereum holdings

What has been a significant change in market drivers post-FTX?

• Shift from Asia to US-based investors

• Shift from US to Asia-based investors

• Increased influence of European investors

• Dominance of retail investors

What event on March 10th significantly impacted Bitcoin's price?

• Ethereum's Chapela update

• FTX's market entry

• SVB's bankruptcy filing

• A new regulatory act in the US

Which regions are startups particularly excited about for regulatory reasons?

• US and Canada

• Switzerland and Singapore

• Australia and New Zealand

• Brazil and Argentina

What is the focus of Fractal in the crypto space?

• On-chain finance and efficient infrastructure

• Creating a decentralized exchange

• Launching a utility token

• Developing a new cryptocurrency

How did Fractal perform in its recent funding round post-FTX collapse?

• Struggled to find investors

• Closed the round in three weeks

• Delayed the funding round

• Decided not to raise funds