This week on SUDS, the Startup Daily TV podcast: Unstablecoins, crypto crash, GD1 backs web3, a plea for political vision

Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech.

Now you can catch the best of the show with the weekly podcast, SUDS.

It’s been a tough week for tech stocks and crypto, as well as investors, with US VC giant Tiger Global seeing US$17bn in hedge fund losses (SoftBank’s down $26bn).

But that’s nothing company to algorithmic stablecoin Terra USD’s meltdown, Coinbase’s losses and the plunge more broadly in cryptocurrencies, with Bitcoin dipping under US$27,000.

On the show this week, we spoke to P.D Silva from Geminio, who outlined 4 key reasons for the Terra and Luna collapse. Silva also explained why it will happen again and the problems with the Terra model.

Sticking with crypto, the first crypto ETFs launched in Australia this week, and with an election looming and Labor ahead in the polls, we spoke to NSW Liberal Senator Andrew Bragg, a key advocate for embracing digital assets in Australia, about the way ahead for his proposals.

Meanwhile, New Zealand VC Global from Day 1 (GD1) is building a US$5m crypto fund to back DeFi, DAOs, NFTs, web3 and crypto infrastructure. GD1 partner Vignesh Kumar, and the fund’s partner Nawaz Ahmed took us through their plans.

The problem with 3-year election cycles is they can lead to short term thinking. Cicada Innovations CEO Sally-Ann Williams joined us to talk about thinking big and her hopes for the nation, innovation and a long term vision, explaining why it’s so important to our success.

Listen to SUDS:

Presenters: Simon Thomsen and Eliot Hastie

Producer: Jaxson McLennan