Market Contagion | stETH fallout | Celsius & 3AC Liquidity Crises | Santi's Investment Strategy
Empire17 Jun 2022

Market Contagion | stETH fallout | Celsius & 3AC Liquidity Crises | Santi's Investment Strategy

In this episode of Empire's Weekly Roundup, Jason and Santi reflect on what might have been the most dramatic week in crypto's history. They explore the market contagion, the fallout, and debate if we've hit rock bottom. Santi is back in the studio with perfect timing. How is Santi approaching this volatility, is he buying, and what is his updated investment strategy? Tune in to find out. Highlights include: - How did this all start - The effects of quantitative tightening - Why stETH is causing waves across crypto - A bank run at Celsius - Do CeFi companies need more regulation - Three Arrows Capital insolvency rumors - Santi's #1 takeaway from this week's drama - Tether FUD - The downside of on-chain transparency - Are Santi and Jason buying back in - Santi's updated investment strategy - How to maximize the bear market - - Follow Santi: https://twitter.com/santiagoroel Follow Jason: https://twitter.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw - - Referenced in the show: degentrading Twitter thread on 3AC's liquidity crises https://tinyurl.com/4xer8dzn Jason's tweet on 3 phases of a bear market https://twitter.com/JasonYanowitz/status/1536365738906202112 -- BitMEX is back and better than ever. Sign up for BitmEX's new Spot Exchange for a chance to win a piece of $500,000 in BTC (new users). Learn more about them at https://www.bitmex.com/ -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) Introduction (03:26) How Did We Get Here? (07:02) A Sudden and Brutal Bear Market (13:15) Thesis vs Fear Driven (15:14) Balancing Optimism With Rational Valuation (18:42) What Is Happening With sETH? (25:12) Why Celsisus Is In A Liquidity Crunch? (34:52) Should CeFi Companies Be Regulated Like Banks? (39:04) Bitmex Ad (40:05) What's Next For Celsius? (44:04) Three Arrows Capital is treading water (51:12) Margin calls, 3AC and risk mgmt. (55:19) Santi's #1 Takeaway (1:01:36) Contagion (1:07:12) Tether FUD (1:09:47) Negative Consequences of Transparency (1:13:25) Is This Rock Bottom? (1:18:32) Santi's Current Strategy (1:27:52) Patience and Staying In The Game (1:41:00) Blockworks and Building in a Bear -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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