Weekly Roundup 06/24/22 (FTX steps in, 3AC postmortem, fraying DeFi governance) (EP.328)

Published: June 24, 2022, 10 a.m.

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Matt and Nic return for a fiery episode of deals and news.\\xa0In this episode:\\xa0

  • Is miner selling backed up by the on-chain data?\\xa0
  • Is Massachusetts open to pro-crypto legislation?\\xa0
  • FTX provides credit support to embattled crypto lenders\\xa0
  • Why private market transactions do not constitute bailouts in the pejorative sense
  • Was 3 Arrows just a case of too much leverage and bad trades, or was it fraud?\\xa0
  • Does the 3AC situation stray into criminal territory?\\xa0
  • There were significant harms stemming from the 3AC scheme
  • Kyle\'s infamous On The Brink appearance and his special request\\xa0
  • Did GBTC bring down 3AC?\\xa0
  • Are we entering the PvP era of crypto twitter?\\xa0
  • The story behind 3AC\'s yacht\\xa0
  • Solend requisitions user funds\\xa0
  • Wartime versus peacetime governance in DeFi
  • South Korea puts a travel ban on Terraform labs employees
  • DYDX is leaving Ethereum and moving to their own chain\\xa0
  • The relationship between lender balance sheets and GBTC\\xa0
  • Is there a case to be made for winding down GBTC?
  • How to think about the GBTC trade today
  • How the 3AC GBTC trade is like LTCM\\xa0
  • How to think about the "macro"\\xa0
  • Is the \'crypto hedge fund that also does VC\' obsolete?\\xa0

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