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How Lido Finance staking is maintaining ‘cold feet’ operandi

How Lido Finance staking is maintaining ‘cold feet’ operandi

Onboarding several chains into its staking solution may be one of the best steps Lido Finance [LDO] could have taken.

The multi-chain staking liquidity platform hosts a number of chains including Ethereum [ETH], Solana [SOL], and Terra Classic [LUNC].

However, the recent staking activities on LDO may not be something to excite participants.

According to Dune Analytics, LDO’s mission to keep staking simple seems to be an on-and-off activity.

This is because ETH staking on the LDO protocol has remained slow lately. While assessing the staked Ethereum [stETH] pool, it was observed that the CurveETH/stETH part remained the most active despite some drawdowns involved.

Can’t curve the market

Based on the Dune report, there has been a 2.14% increase in CurveETH/stETH reserves over the last seven days. Additionally, the total ETH stake was 13.39 million—a 0.33% increase from the previous one week.

Source: Dune Analytics

Additionally, the Lido incentives for August have been positive as it reached 2.5 million LDO worth $6.12 million. This all happened with the Curve ETH/stETH pair meaning the pair gained most of the LDO incentives. At press time, the incentives efficiency was 7.32% with 581,738 stETH allocated. 

Source: Dune Analytics

On the other hand, stETH/ETH exchange rate declined to 0.9693. The pair recorded outflows from the LDO liquidity pool. Despite that Curve ETH/stETH trading volume spiked which later translated to an uptick in the Total Value Locked (TVL) rankings for LDO.

What about TVL?

Over the last 24 hours, the TVL rankings have significantly changed with LDO being one of the beneficiaries.

According to DeFiLlama, LDO was now second as per TVL, only behind MakerDAO [MKR]. At press time, the LDO TVL was noting a 9.30% increase from the previous day with its worth of $7 billion.

Source: DeFiLlama

With the increase, could LDO be on its way to a similar TVL increase as it did about one month ago? Apparently, the antics of the LDO price could make it feasible.

At press time, LDO was one of the best-performing cryptocurrencies of the past 24 hours. 

CoinMarketCap data showed that LDO was 16.88% up to $1.88 as per 24-hour price change.

Additionally, its volume increase was over 100% at 158.84 million. With the TVL opening up for more uptick, LDO short-term traders could hope the bullish stance remains the same.

Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/


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Pinduoduo reports 36% revenue growth and nearly tripled net income in Q2

Pinduoduo reports 36% revenue growth and nearly tripled net income in Q2

The Nasdaq-listed Pinduoduo saw an impressive 268% growth in its net income in 2022 Q2. Credit: Bigstock/Kate Krav-Rude

Chinese e-commerce company Pinduoduo reported RMB 31.44 billion ($4.69 billion) in revenue in second-quarter earnings, a 36% growth from last year, and far exceeded the expected average of $4.1 billion, compiled by Yahoo Finance. 

The Nasdaq-listed company also saw an impressive 268% growth in its quarterly net income, bringing in RMB 8.9 billion.

Why it matters: The company attributed its good performance to “consumption recovery” in recent months as China refrained from extended and widespread lockdowns. During the earnings call, Pinduoduo said revenue growth came from increases in online marketing services and transaction services and that the growth in profitability is due to a few “short-term” and “one-off” external factors that may not repeat in the future. 

  • Known for offering bargaining prices, Pinduoduo has managed to report better-than-expected earnings this quarter compared to its rivals, reflecting a more careful consumer spending sentiment in the current economic environment.

Details: Pinduoduo’s almost three-fold increase in net income in the second quarter is mainly due to the improvement of gross margin and some short-term factors. “So, for the past quarter alone, our profitability was mainly attributable to several external factors, mostly short-term or one-off in nature,” said Vice President Liu Jun.

  • Meanwhile, Pinduoduo’s total operating expenses as a percentage of revenue decreased to 47% this quarter, down from 57% in the same period last year. Liu Jun pointed out that many short-term factors, such as project delays and lower business activities, caused such a decrease. “So it is unlikely to continue,” he said.
  • It was reported previously that Pinduoduo plans to launch a cross-border e-commerce platform in September, which will first target the United States. “Overseas business is one of the opportunities that we see, we believe that it is a direction that is worth trying out for us,” Lei Chen, chairman and CEO of Pinduoduo, said in the earnings call, adding that the company will not simply repeat what others have done in this field.
  • The company’s merchandise sales continued to contract, decreasing 97% from RMB 1.96 billion to RMB 50.7 million. The contraction of the merchandise business, which requires the company to shoulder most of the cost, has improved its gross margin.
  • Shares of Pinduoduo surged after the company posted strong results, rising nearly 15% by the stock’s close.

Context: Compared to the two leading Chinese e-commerce giants, Pinduoduo handled the pandemic resurgence relatively well. Alibaba and JD recorded flat revenue and 5.4% growth year-on-year, respectively, in the second quarter, and both had their slowest growth rates in history.

  • The Shanghai-based Pinduoduo was one of the few e-commerce companies that managed to continue offering its services during Shanghai’s Covid lockdown from March to June. Its community group-buy service Kuaituantuan played a vital role for Shanghai residents in solving lockdown food shortages. 

Cheyenne Dong is a tech reporter now based in Beijing. She covers e-commerce and retail, blockchain, and Web3. Connect with her via e-mail: cheyenne.dong@technode.com.


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Chongqing Xiaomi Consumer Finance Posts H1 Net Loss of $13.47M

Chongqing Xiaomi Consumer Finance Posts H1 Net Loss of $13.47M

Chongqing Rural Commercial Bank, which is listed on the Hong Kong Stock Exchange (HKEx), disclosed on August 25 its latest semi-annual report, also mentioning the performance of its joint venture Chongqing Xiaomi Consumer Finance Co., Ltd., which owns its shares. As of the end of the reporting period, the firm had total assets of 9.661 billion yuan ($1.4 billion) and net assets of 1.412 billion yuan ($200 million). Its net loss in the first half of the year was 93.19 million yuan ($13.47 million), while its net profit last year was 3.68 million yuan ($531,961).

The company was established in May 2020 with registered capital of 1.5 billion yuan ($220 million). It is a national non-bank financial institution jointly initiated by Xiaomi Communication Technology Co., Ltd. and Chongqing Rural Commercial Bank Co., Ltd., mainly engaged in individual consumption credit business.

At present, Hong Feng, the co-founder of the company, serves as the firm’s chairman, legal person and chairman of Airstar.com. In March, the company amended its official registration with China’s Industrial and Commercial Administration, showing that Xiaomi‘s co-founder Wang Chuan withdrew from the directorship and was replaced by Michael Ji. He used to be the CRO of CreditEase and Airstar.com. In August, Ji’s qualification as President of the firm was approved.

Alain Lam, the vice president and CFO of Xiaomi, said in a financial report conference call for Q4 of 2021 that Xiaomi Finance had changed its name to Airstar.com, and denied the spin-off plan. He also disclosed that its original individual consumption credit product “Suixingjie” was operated by Chongqing Xiaomi Consumer Finance instead of Xiaomi Credit Company. At present, the website of the product and Xiaomi‘s installment interface both show that the service is provided by Chongqing Xiaomi Consumer Finance, while the signing subjects of the user agreement are still Airstar.com and Xiaomi Credit.

SEE ALSO: Xiaomi CEO Lei Jun Pictured With Firm’s Autonomous Test Car

The firm’s official website explains that it covers scenarios like tourism, home decoration, education, 3C, meeting online and offline consumption demands, and providing cash and consumption installment services. The firm’s partners include Chongqing Rural Commercial Bank, Bank of Communications, and China Merchants Bank.

The above-mentioned Xiaomi subsidiary, Airstar.com, which focuses on financial technology business lines, was reported to have reduced its team size. The firm denied this and said that it had adjusted its organizational structure in Q4 of 2021, integrating relevant business lines into the digital industry finance department and digital retail finance department.


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Pakistan can consider restarting imports from India: Finance Minister Miftah Ismail

Pakistan can consider restarting imports from India: Finance Minister Miftah Ismail

Pakistan is likely to consider re-establishing trade ties with India, as per Finance Minister Miftah Ismail. If this becomes a reality, it would represent a major policy shift for Pakistan.

Pakistan's Finance Minister Miftah Ismail, in response to a question in a press conference on Monday (August 29) stated that his ministry is coming up with a proposal to allow imports of vegetables to create stability in commodity market. He added that he is considering opening land route for import from India.

He said he would “consider importing vegetables and other edible items from India” to provide relief to people after destruction of crops due to recent floods in the country.

Later, During an informal conversation with the media, he said that he would trade with India after taking stock of the condition of Pakistani farmers.

Pakistan formally downgraded its trade relations with India in August 2019 to the level of Israel with which Islamabad has no trade ties at all. The decision had come as a reaction to India’s decision to revoke Article 370 of its constitution that granted Jammu and Kashmir a special status.

Also Read | IMF greenlights revival of Pakistan loan programme

According to a source, former security adviser Moeed Yousuf was working on a proposals about possible trade with India. On record, former commerce adviser Razak Dawood also spoke on several occasions in support of resumption of trade with India.

In March 2021, the Economic Coordination Committee (ECC) had announced that it would allow the private sector to import 0.5 million tonnes of white sugar from India and cotton via the Wagah border. However, the decision was reversed within days following severe criticism from the main opposition parties - PML-N and PPP - which are now in the coalition government.

Also Read | International aid reaches flood-stricken Pakistan; death toll crosses 1000-mark

After a new federal government took office this year, the Ministry of Commerce in May had ruled out possibility of a resumption of stalled bilateral trade.

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At the death, Morrison and Frydenberg planned to repeal finance advice reforms

At the death, Morrison and Frydenberg planned to repeal finance advice reforms

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Under the guise of 'affordability', the Morrison government was planning a new attack on consumer protections in the financial services sector.

Josh Frydenberg and Scott Morrison (Image: AAP/Lukas Coch)

The Coalition left office trying to do something it desperately wanted to when it entered office in 2013, yet failed to: repeal Labor's Future of Financial Advice (FOFA) reforms.

In a review announced by then superannuation minister Jane Hume as the election loomed, the then government announced a review to "ensure Australians have access to high quality, affordable financial advice", which would examine "opportunities to streamline and simplify regulatory compliance", "improve the clarity and availability of documents provided to consumers", and check any "unintended consequences" of the regulatory framework.

Hume claimed the review was implementing one of Kenneth Hayne's banking royal commission recommendations, for a review of "the effectiveness of measures that have been implemented by the government, regulators and financial services entities to improve the quality of financial advice".

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About the Authors

Bernard Keane — Politics Editor

Bernard Keane

Politics Editor @BernardKeane

Bernard Keane is Crikey's political editor. Before that he was Crikey's Canberra press gallery correspondent, covering politics, national security and economics.

Glenn Dyer — Business and Media Correspondent

Glenn Dyer

Business and Media Correspondent

Glenn Dyer is Crikey's business and media correspondent.


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Experts raise several red flags around section 194R of the Income Tax Act

Experts raise several red flags around section 194R of the Income Tax Act

The section introduced in the Finance Act, 2022 to reduce evasion and widen the tax base has some conflicting provisions apart from other challenges

Topics

Income Tax Act | ITR filing | Finance Act

Section 194R of the Income Tax Act, 1961, which makes it necessary to deduct 10 per cent tax at source on the value of any benefit or perquisite received by a resident Indian, was introduced by the government to widen the tax base and reduce tax evasion in the country. Experts, however, have flagged several complications around it.

"The threshold prescribed under section 194R does not sync with threshold prescribed under section 56," said Ravi Mehta, Managing Director and Head (Transaction Tax), and Amrita Bhatnagar, Associate Director, at RBSA Advisors.

Under section 56, if the receipt of benefits by an individual or a Hindu Undivided Family (HUF) exceeds Rs 50,000 in a year, they are liable to pay a tax on it. However, under section 194R, the limit is Rs 20,000.

"At the very instance, this would lead to tax outflow which is actually exempt in the hands of the recipient," they added.

The section will not apply if the value of "benefit" or "perquisite" provided is less than 20,000. "The term 'benefit' or 'perquisite' is not defined in the Act," Akhil Chandna, partner, Grant Thornton Bharat, told Business Standard.

The government had earlier stated that the receipt may be in cash or kind, but no clear definition was provided.

Experts also pointed out that this would lead to additional administrative challenges.

Chandna said, "The section also covers certain services or products that are customarily provided to the recipient of goods or services as a part of common trade parlance."

This includes freight being paid on behalf of the receiving party and payments made for administrative convenience. "This will lead to unnecessary complexities and unwarranted litigation," he added.

Mehta and Bhatnagar further pointed out that the provider of the benefit will have to ensure that the tax required to be deducted has been paid before releasing the benefit. "This will additionally impose administrative difficulties on the provider of the benefit," they added.

Valuation of "benefits in kind" could be challenging, and overall provisions would make compliances more cumbersome, they further said.

However, if both sections 56 and 194R apply to a recipient, experts suggested that due to a lack of clear guidelines, they must pay the higher tax and claim the refund later through the income tax return (ITR).

"If a company deducts tax, it will be to the credit of the recipient," Bhatnagar said, "If it is not adjusted, then the recipient can claim the refund later."

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9 Borrowing Options for Small Businesses

9 Borrowing Options for Small Businesses

Source: merchantmaverick.com

Borrowing is a critical component of financing for most businesses. Even if you were able to finance all your startup capital and generate enough revenue to cover expenses, you will eventually need a loan. As long as you can pay it back, taking out loans is a normal part of running a healthy business. In fact, loans are often a key part of the growth strategy for many companies. Sometimes, getting a loan is the make or break moment for a start up or growing business.

With so many types of financing available, small business owners will need to do a little research before taking a loan. This post will cover some of the more common forms of small business loans that may be available.

1. Term Loans

This is what most people think of when it comes to business loans. The borrower gets a lump sum from a lender (usually a bank or credit union), and they make payments over a fixed period. These loans often come with lower interest rates than many other options. They can also be more manageable because the borrower can make payments over an extended period.

2. SBA Loans

Source: nationalbusinesscapital.com

Most people learned of small business loans during he pandemic but the Small Business Administration has been around for a long time to help fund companies. An SBA loan is more a category of loans rather than one specific type of loan. These are loans for small businesses that are partially guaranteed by the Small Business Administration. The purpose is to make affordable financing more accessible to small businesses. The loans are still issued by traditional financial institutions, and they have strict qualifications for eligibility. There are many types of SBA loans such as Standard 7(a), 7(a) Small Loan, SBA Express, Export Express, Export Working Capital., International Trade., Preferred Lenders, and CAPLines. The terms and amounts of these loans all vary so it’s important to do your due diligence and determine what’s best for our needs.

3. Working Capital Loans

Businesses often need working capital to operate while they wait for revenue to come in. For these situations, working capital loans help small businesses bridge those gaps. Businesses use these loans to cover expenses like payroll, utilities, rent and more. According to www.quickbridge.com, “working capital loans can take different forms depending on the circumstances and the type of business. Working capital loans provide the necessary funds that small businesses need to cover a temporary cash shortfall. This allows the business owner to quickly return to normal daily operations, pay off the most pressing liabilities, and keep focused on what they do best. Unlike long-term debt, pay back terms typically do not exceed 12 months.”.

4. Lines of Credit

Businesses that often need to borrow might take out a business line of credit. It is a form of rotating credit that allows the borrower to access capital on an as-needed basis. They can borrow any amount up to the limit and only have to pay interest on the portion they borrow. As long as they pay it back, the credit will renew and be there for them if they need it again in the future.

5. Short Term Loans

Source: nationalbusinesscapital.com

Short-term loans can offer valuable financing when a business needs capital in a hurry. Short-term loans are usually approved quickly, but they often come with higher interest rates than long-term loans. Businesses might use this type of financing as a form of emergency loan. A shorter term might also be more beneficial if you know you will have the capital to pay it back soon. You might pay a higher interest rate, but the overall cost will be lower since the term is shorter.

6. Invoice Financing

This is a type of financing that involves using outstanding invoices as collateral for a loan. The lender issues the loan based on the expected income of the invoices. The business will usually be eligible for financing up to a percentage of the value of the invoices. The costs are usually high, but it can be a way to get quick cash for income that has yet to be realized.

7. Invoice Factoring

This is another type of financing that involves using unpaid invoices. However, this isn’t actually a type of loan. Instead, you are selling your unpaid invoices. The buyer in this arrangement is known as a factor. The business sells the invoices for a percentage of the value, and the factor collects on them. It can be a way to turn invoices into cash, and the factor handles collections for you. The main issue is that the business will have to sacrifice a significant portion of the invoice value.

8. Equipment Loans

Source: cravethelifestyle.com

You will find many businesses that require expensive equipment for their operations. When that equipment breaks down, it can bring the entire operation to a halt. Since some of this equipment is many thousands of dollars, a small business might not have enough capital available when it needs replacing. For this reason, many banks and lenders offer lending products that are designed for purchasing equipment.

9. Microloans

Microlending is an option for smaller businesses that may have a hard time acquiring financing from traditional financial institutions. The intention is to offer small, affordable loans for businesses that would otherwise not be able to attain financing. They are often issued by non-profits or organizations with an interest in helping underserved communities.

Small business owners have a lot of options for obtaining capital. With that said, the obligations of different lending products are significant. The right loan for one borrower might not be a good fit for another. The same borrower might also need different loans for different situations. Make sure to take your time and investigate your options before taking a loan.

As you can see, there are many types of loans that a business can apply for to supplement their finances and put their business into gear. It is imperative that you do your homework and get the loan that is right for your objectives, goals and type of business. With so much volatility in the market, factoring in your loan’s interest rate is also important.


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FBI says investors should take precautions before putting money into decentralized finance platforms

FBI says investors should take precautions before putting money into decentralized finance platforms

Cybercriminals are increasingly exploiting security flaws in smart contracts to steal cryptocurrency, according to the Federal Bureau of Investigation. In an advisory it published on Monday (via Bleeping Computer), the agency warned investors of a significant uptick in attacks targeting decentralized finance platforms.

Between January and March of this year, hackers stole $1.3 billion worth of cryptocurrencies, with almost 97 percent of that money coming from DeFi platforms, the FBI said citing data from Chainalysis. That’s an increase from both 2021 and 2020 when DeFi-related thefts represented 72 percent and 30 percent the source of all stolen crypto. The agency has seen criminals employ a variety of methods to fleece DeFi platforms. In one case, hackers employed a so-called flash loan attack to steal approximately $3 million worth of cryptocurrencies. In a separate attack targetting a signature verification vulnerability in a platform’s token bridge, cybercriminals made off with $320 million.

DeFi chart

Chainanalysis

Many of the most prolific hacks in recent months fall into those categories of attacks. For instance, the largest crypto heist ever saw the Lazarus Group, a North Korean state-sponsored hacking collective, target Axie Infinity. The group reportedly exploited a backdoor in a Remote Procedure Call node from Axie creator Sky Mavis to forge fake withdrawals using compromised private keys. More recently, a hacking “free-fo-all” saw Nomad bridge users lose $200 million worth of crypto due to a misconfiguration.

The FBI recommends investors take a handful of precautions before risking their money with a DeFi platform. You should research the platform you want to invest in, as well as the details of the smart contract they employ. Additionally, only put money down on a firm or company that has paid for independent code audits. You also want to avoid investment pools with extremely limited timeframes to join.

"Cyber criminals seek to take advantage of investors' increased interest in cryptocurrencies, as well as the complexity of cross-chain functionality and open source nature of DeFi platforms," the FBI said. "Investors should make their own investment decisions based on their financial objectives and financial resources and, if in any doubt, should seek advice from a licensed financial adviser."

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.


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UK finance minister Zahawi visits U.S. to discuss energy security

UK finance minister Zahawi visits U.S. to discuss energy security

British new Finance Minister Nadhim Zahawi leaves 10 Downing Street, in London, Britain, July 5, 2022. REUTERS/Henry Nicholls

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LONDON, Aug 29 (Reuters) - British finance minister Nadhim Zahawi is visiting New York and Washington this week to discuss global economic challenges and collaboration in areas such as energy security and financial services, his office said on Monday.

Britain and Europe are facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and sanctions on Russia heighten concerns over the security of gas supplies.

Zahawi has said he is working on support options for both households and businesses struggling with a cost-of-living squeeze, ready for when Boris Johnson's successor as prime minister is announced on Sept. 5, leading to shuffled cabinet and possibly a new finance minister.

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Zahawi's office said he would use his visit to the United States to stress the need for continued collaboration to tackle the issues that are causing rising prices and slower growth across world economies.

"These global pressures must be overcome through global efforts. I’m determined – here in the U.S. - to work closely with my allies on the common challenges we face to create a fairer and more resilient economy at home and abroad," Zahawi said in a statement.

Zahawi's office said he his visit would include meetings with international financial institutions, the U.S. central bank and the U.S. Treasury to discuss support for Ukraine and vulnerable countries, the global economic outlook and energy security.

That will include a desire for increased civil nuclear cooperation and closer working between nuclear industries in Britain and the United States on developing technologies, his office said.

He will also hold talks on further sanctions against Russia in response to the invasion of Ukraine.

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Reporting by Kylie MacLellan; Editing by Nick Macfie

Our Standards: The Thomson Reuters Trust Principles.


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Crooklyn’s Corner 31: UFC fighter pay discussion with John Nash

Crooklyn’s Corner 31: UFC fighter pay discussion with John Nash

Welcome to Crooklyn’s Corner, the podcast that’s basically a hodgepodge of topics focused on the combat sports and entertainment community. The show will feature special interviews, fantasy matchmaking/analysis and whatever else we can come up with to keep our listeners steeped in fresh and engaging content. The show is hosted by Stephie Haynes and airs when needed to fill gaps in our Bloody Elbow Presents podcast network.

Crooklyn’s Corner, Stephie Haynes, John Nash, MMA, UFC, Combat Sports, MMA Financials, MMA Money, MMA Business, MMA Economics, Combat Sports Finance, June M. Williams

Here is a summary of the topics discussed or questions asked. Time stamps won’t always be available as our conversations tend to be very fluid and bounce back & forth frequently. As always, I hope you enjoy listening to the show as much as we enjoyed recording it.

  • Fighter pay has been the hottest topic over the last two weeks because of Luke Rockhold going full scorched earth with the UFC and Dana. Give your thoughts on what Luke said, especially the part where he mentioned Dana basically being given the reins to run the UFC however he sees fit.
  • We’ve spoken on this before but Luke Rockhold’s comments still raise the theory that things were so much better for the fighters under the Fertittas. Were they or is that a bunch of smoke and mirrors?
  • Luke mentioned leverage and how the UFC has it all. How can the fighters get leverage outside of some sort of solidarity movement/strike etc? Are there other things they can do to leverage themselves, and I’m talking about fighters from the entry level floor all the way to champion level.
  • Ariel recently had Sean O’Malley on and you just can’t watch that interview without coming away thinking Sean has done a complete 180. I saw on your timeline you agreed with some things Ariel was saying. Would you elaborate a bit for our listeners on the parts you agree with and your take on O’Malley’s comments.
  • Paulo Costa says he only made $35K for the Vettori fight. I was absolutely aghast when I saw that. Paulo is 11-2 and has been in a title fight. How in the world does something like this happen?
  • You’ve had the opportunity to look at several UFC contracts. Do they all have escalators built in? Like is that a standard for all contracts or just for the ones savvy enough to ask for it?
  • The infamous Dana White vs. MMA Media went back up recently and I saw a comment you made that said there was no mention of fighters having to waive gross negligence on the UFC’s part before they could return to the octagon. Please elaborate on that.
  • Another topic that’s been on fire is interim titles. Give your take on whether they’re a good thing, a bad one, or maybe a little bit of both.
  • What’s your take on James Krause doing an official UFC betting show while actively training fighters?
  • One Championship made its debut tonight on Amazon Prime. I couldn’t help but notice that there wasn’t a hashtag trend big enough to even show up in sports trends, much less the main portion of Twitter. Is that indicative of anything, or am I reading too much into that?
  • I saw that they recently moved all their shares to a Grand Cayman Islands entity, essentially re-domiciling there. Please explain what re-domiciling means and why this is sort of a big deal.
  • Oleksandr Usyk is on track to be the highest boxing earner this year. How did he manage that?
  • Deontay Wilder said that boxing isn’t really a sport, it’s just a business. Would you agree with his assessment?
  • It’s almost a forgone conclusion that Saudi Arabia will get Fury-Usyk. Is there a real gain for them to continue dumping massive money towards sportswashing?

Remember, if you’re looking for us on SoundCloud or iTunes, we’re under the Bloody Elbow Presents name. Follow Crooklyn’s Twitter account: Stephie Haynes and the show account Crooklyn’s Corner. If you enjoy our shows, give us a shout out in the comments here on Bloody Elbow, and give us a “like”, share & subscribe on your BE Presents Podcast platform of choice: SoundCloud, YouTube, Apple Podcasts, iHeartRadio, Stitcher, Spotify, TuneIn, OverCast, Player FM, & Amazon Music – For previous episodes, check out our playlists on any of our BE Presents channels.


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