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

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

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

Sponsor notes: