🔎 Crypto skeptical but crypto curious?

SenseTime has a scan-do attitude | Who invited the Debbie Downers? | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for December 7th in 3:00 minutes. 🖥 Web 3.0 – or web3, as the cool kids call it – could be the defining tech trend of 2022. So join us for [How To Invest In Web 3.0 And Network Effects]( on Wednesday, and find out how you can switch your portfolio off and on again so that it works a lot more smoothly. [Get your free ticket]( Today's big stories - Chinese AI firm SenseTime announced plans to list on the stock market later this month - If you’re wary of the crypto market but warier still of being left behind, one portfolio could be perfect for you – [Read Now]( - The International Monetary Fund warned that the new Covid variant could slow down the global recovery Face Value [Face Value] What’s Going On Here? SenseTime [announced]( plans to list on Hong Kong’s stock market on Monday, and China’s biggest AI firm thinks anyone who buys in will be very – processing... – happy. What Does This Mean? SenseTime – which specializes in facial recognition software – saw massive demand for its services last year, primarily from a Chinese government that wanted to keep lockdowns locked tight. And unlike many of its rivals, the company hasn’t been the subject of any cybersecurity reviews from the country’s regulators either. Put those two favorable circumstances together, and SenseTime’s decided that now’s the time to go public. The company has previously said it was looking to raise up to $2 billion, but the company knows full well that investors – burned by government crackdowns – are wary of Chinese stocks these days. Now, then, it’s looking for nearly $800 million, which would value the company at “just” $17 billion. Why Should I Care? For markets: SoftBank needs a win. SoftBank will certainly be hoping SenseTime does well: the Japanese conglomerate – which owns 15% of the company – saw its shares [fall]( for the seventh consecutive day on Monday, bringing the decline to nearly 20% in the last week. Some of its biggest holdings have been struggling, after all: crackdown-battered Alibaba has seen its stock plummet, ride-hailing company Didi is being [forced]( to leave the US stock market, and British chip designer Arm is proving more than a little difficult to sell. Zooming out: China needs to spend. China’s been ([relatively]() quiet on the crackdown front lately, which might be because the country has bigger fish to fry – namely managing a slowdown in its economic growth. That might be why it [said]( on Monday that it’ll cut the amount of cash its banks have to set aside for a rainy day. The move will give them more to lend out to people and businesses, which should encourage them to spend, spend, spend. You might also like: [Goldman thinks these 50 stocks will profit from China’s regulatory push.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Face Value&utm_campaign=daily-global-07-12-2021&utm_source=email) Analyst Take Crypto Skeptical But Crypto Curious? [Crypto Skeptical But Crypto Curious? ]( [Photo of Reda] Reda, Analyst What’s Going On Here? Two things can be true at the same time. Today’s crypto market can resemble the dot-com bubble of the late 1990s, where prices of “internet-branded” stocks went through the roof before [crashing spectacularly](. And the crypto market can be built on blockchain technology that – no matter what happens to the tokens built on top of it – does indeed look set to [define the next decade or more](. But here’s the thing: if you feel yourself torn between those [two truths](, you don’t have to be. Because there’s [one portfolio]( – one more regularly applied to traditional assets like gold and bonds – that could be perfect for you. So that’s today’s Insight: how this portfolio works, and [how to apply it to the cryptocurrency market specifically](. [Read or listen to the Insight here]( SPONSORED BY NOWRX Find wealth in health Value isn’t exactly easy to find in today’s sky-high stock markets. But [NowRx]( might be a good place to start: the tech-enabled pharmacy startup has been growing fast, with a share price that’s increased by 1,650% since 2016, alongside a CAGR of 81%. And now you can invest in [its latest fundraising round.]( The company uses [proprietary software and robotics]( to provide free same-day prescription delivery and personalized service to its 35,000-plus patients. That might be why [NowRx]( saw revenue jump 90% from one year to the next, and why it’s set to surpass $22 million this year. With over $9 million already raised from 2,800 investors, this might not be an opportunity to miss. [Learn more about investing in NowRx.]( [Learn More]( Party Pooper [Party Pooper] What’s Going On Here? The International Monetary Fund (IMF) [said]( at the weekend that it thinks Omicron could wreck the global economic recovery, so forgive us if we never invite the organization over for mojitos. What Does This Mean? Even before the arrival of the new variant, the IMF – a sort of bank for countries – was worried that the recovery was losing steam: it figured that the ongoing supply chain shortages and the uneven distribution of vaccines between rich and poor countries was bound to slow things down. It wasn’t quiet about its opinion, either, cutting its outlook for global economic growth as recently as October. But now that the new variant has arrived, the IMF is even more leery of the recovery: it warned over the weekend that the economy could grow more slowly than even its reduced forecasts. It has a point: if vaccines don’t prove as effective against Omicron, there could be a new wave of restrictions that create a lot more supply bottlenecks, keep consumers at home, and, ultimately, drag on economic growth. Why Should I Care? The bigger picture: Any good news? Nope: Goldman Sachs [cut]( its own forecast for US economic growth over the weekend, for much the same reasons as the IMF. It reckons the country’s economy will grow 3.8% in 2022 versus the 4.2% it was forecasting previously ([tweet this](). Zooming out: Ugh. You can see why Garfield hates Mondays: a major British business organization [lowered]( its expectations for UK economic growth on Monday to 6.9% in 2021 and 5.1% in 2022, down from 8.2% and 6.1% respectively. That means it’s expecting the country’s economy to be 3% smaller by the end of 2023 than it would’ve been had the pandemic never happened, and that’s based on data from before the new variant showed up… You might also like: [The one group of stocks that could ride out shortages, inflation, and the rest – no matter how long they hang around.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Party Pooper&utm_campaign=daily-global-07-12-2021&utm_source=email) 💬 Quote of the day “An eye for an eye only leads to more blindness.” – Margaret Atwood (a Canadian poet, teacher, and environmental activist) [Tweet this]( CRYPTO PULSE IN PARTNERSHIP WITH FABRIIK What makes Bitcoin SV’s tech so promising? Digital financial services firm [Fabriik]( is a big fan of Bitcoin SV, that much is clear. Here’s why. For one thing, Bitcoin SV [transaction costs]( are much lower than both bitcoin and Ethereum, which makes it a go-to in particular for entrepreneurs and developers the world over. For another, it’s [stable]( and easy to use: it allows for on-chain data storage, audits every transaction, and offers [a variety of developer tools](. That’s probably why it has such an active and growing developer community – one that’s designing applications to solve problems we don’t even realize we have yet. Throw in [unlimited scalability]( and [ultra-fast transaction speeds](, and Fabriik thinks you’ve got a potentially massive player in the crypto industry. [Find out more about Bitcoin SV on Fabriik](. [Learn More]( When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🤔 Ask our boss anything They say Max Rofagha, founder and CEO of Finimize, manages the company exclusively through the medium of interpretive dance. They say he’ll be on this series of Below Deck and demands that no crew member ever looks him directly in the eye. They say his bed is positioned at the end of a trail of burning coals, so that he literally starts and ends every day on his toes. Is any of this true? Ask him those questions – and more useful ones – at our [Live Q&A with Finimize CEO & Founder, Max Rofagha](. 🖥 [How To Invest In Web 3.0 And Network Effects](: 1pm UK time, December 8th 🌱 [How To Turn Your Portfolio Green](: 1pm UK time, December 9th 💸 [Live Q&A with Finimize CEO & Founder, Max Rofagha](: 1.30pm UK Time, December 14th 🎯 On Our Radar - Next stop: bitcoin. Jack Dorsey’s already thinking about his [next job title](. - Bear Grylls meets Annie Leibovitz. Meet the man making art at the [highest summits](. - The story of your life. You don’t even need to [write it yourself](. - Elon gets a makeover. Twitter is… [not a fan](. - It’s been a weird year for science. It’s not all [Covid, Covid, Covid](, you know. ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: greenbutterfly, Primestock Photography on Shutterstock | Indre Pau, GraphicStore, Joe Stickman on Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | Third Floor, 1 New Fetter Lane, London, EC4A 1AN, UK. All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. 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