ROLLUP: 3AC Meltdown Continued | BlockFi Down Bad | Grayscale Sueing the SEC | Contagion Market?!
Bankless1 Jul 2022

ROLLUP: 3AC Meltdown Continued | BlockFi Down Bad | Grayscale Sueing the SEC | Contagion Market?!

Last Week of June, 2022

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🔐LEDGER | SECURE STAKING
https://bankless.cc/Ledger

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Topics Covered:

0:00 Intro
5:10 Markets
5:15 BTC Price
5:35 ETH Price
6:55 ETH BTC Ratio
7:05 Crypto Market Cap
7:50 FED WATCH
8:00 Who’s to Blame For Inflation?
https://ritholtz.com/2022/06/inflation-blame-15/
11:58 How’d We Get Here? Dan from Pantera
https://panteracapital.com/blockchain-letter/the-feds-twin-policy-errors/
15:10 WSJ: Rising Interest Rates Will Crush the Federal Budget
https://www.wsj.com/articles/high-interest-rates-will-crush-the-federal-budget-inflation-debt-spending-costs-recession-economy-11656535631

20:00 3AC Meldown Continued
20:22 Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate
https://www.wsj.com/articles/crypto-fund-three-arrows-ordered-to-liquidate-by-court-11656506404
23:55 Voyager $660M Unsecured Loan
https://decrypt.co/103892/voyager-digital-issues-three-arrows-capital-default-notice
29:49 Three Arrows Capital Liquidation Ordered in British Virgin Island
https://www.coindesk.com/business/2022/06/29/three-arrows-capital-liquidation-ordered-in-british-virgin-isles-report/
29:55 Su Zhu’s Yacht
https://twitter.com/AutismCapital/status/1540001243795542018
31:25 Vitalik Subtweet

33:19 BlockFi
33:22 Where it Started https://www.coindesk.com/business/2022/06/16/blockfi-liquidated-three-arrows-capital-report/
35:25 FTX Seeks to Acquire BlockFi
https://www.theblock.co/post/154929/ftx-blockfi-deal-sources
35:30 New Morgan Creek Bid
https://blockworks.co/blockfi-has-a-new-bidder-in-morgan-creek-report-says/
40:15 BlockFi Is Pursuing Plans to Go Public
https://www.coindesk.com/business/2021/07/22/blockfi-is-pursuing-plans-to-go-public-even-as-regulators-close-in/
https://www.theblock.co/post/155069/ftx-walked-away-from-celsius-deal
42:15 4 Big Takeaways
https://www.theblock.co/post/154681/a-leaked-investor-call-revealed-morgan-creeks-bid-for-blockfi-here-are-four-more-big-takeaways-from-the-call

43:30 Grayscale Sueing the SEC
40:35 SEC Rejects Grayscale’s Spot Bitcoin ETF Application
https://www.coindesk.com/policy/2022/06/30/sec-rejects-grayscales-spot-bitcoin-etf-application/
45:35 Michael Sonnenshein Didn’t Like That
https://twitter.com/Sonnenshein/status/1542311510055292928
45:45 Grayscale Sues SEC
https://www.globenewswire.com/news-release/2022/06/30/2471737/0/en/Grayscale-Investments-Initiates-Lawsuit-Against-the-SEC.html

52:10 NEWS
52:30 MakerDAO
52:42 Controversial MakerDAO Governance Vote
https://twitter.com/labsGFX/thread/1541488156909912065
https://vote.makerdao.com/polling/QmWYajMq#vote-breakdown
54:22 Post-vote Thread From Hasu
https://twitter.com/hasufl/status/1542196610775629824
57:03 Lido Voters Reject Growth Limit For ETH2
https://thedefiant.io/lido-rejects-self-limiting/
57:25 Hasu Co-authored a Proposal for Lido stETH Governance
https://twitter.com/hasufl/status/1535275167177490438
57:30 Proposal
https://research.lido.fi/t/ldo-steth-dual-governance/2382
59:20 Arbitrum Odyssey
1:00:25 Odyssey Paused!
https://twitter.com/arbitrum/thread/1542159105946787840
1:01:15 Dune Analytics Data
https://dune.com/springzhang/arbitrum-odyssey-event-tracking
1:03:39 Optimism’s TVL Doubles
https://thedefiant.io/optimism-layer-2s-surge
https://l2beat.com/
1:05:00 Merge Watch
1:05:10 Sepolia on July 6th
https://twitter.com/sassal0x/status/1540352501605490689

1:05:30 NFTs
1:05:35 NFTs Down Down Down
https://dune.com/hildobby/NFTs
1:06:00 ENS.Vision
https://www.ens.vision/market
https://dune.com/makoto/ens

1:06:45 BITCOIN
Michael Saylor’s MicroStrategy $10M Purchase
https://www.coindesk.com/business/2022/06/29/michael-saylors-microstrategy-purchased-another-10m-of-bitcoin-over-past-two-months

1:09:19 REGULATION
China Covid Bankrun Stoppage
https://twitter.com/NeerajKA/status/1541397028089073664

1:11:58 MISC
Horizon Bridge Hack $100M
https://twitter.com/harmonyprotocol/status/1540110924400324608
North Korea
https://www.coindesk.com/business/2022/06/29/north-korean-hacking-group-behind-100m-horizon-bridge-hack-report/

1:13:10 RAISES
Digital Wallet Maker Dynamic Raises $7.5M a16z
https://thedefiant.io/dynamic-wallet-fundraise/

1:14:08 Jobs
https://pallet.xyz/list/bankless/jobs

1:16:30 Community Questions
1:16:52 L2 vs Cross L1 Bridging Risk
https://twitter.com/miner89r/status/1542272305627283466
1:20:38 Best dApps to Get Started
https://twitter.com/kangaman_gus/status/1542179373070970881

1:23:48 TAKES
1:23:51 Why CeFi is breaking
https://twitter.com/TrustlessState/status/1542284015796895744
1:24:50 Ryan Follow Up
https://twitter.com/RyanSAdams/status/1542493426687541250
1:25:50 And You’ll Be Happy
https://twitter.com/aubreystrobel/status/1541509159455277058
1:26:34 Internet Security
https://twitter.com/kobigurk/status/1539140832615440385
1:27:22 Ethereum Rollup vs. Cosmos
https://twitter.com/bkiepuszewski/status/1541065105634385922

1:28:55 What David’s Bullish On
1:30:09 What Ryan’s Bullish On
https://twitter.com/RyanSAdams/status/1542504457140707341

1:35:20 MEME of the Week
https://twitter.com/jackniewold/status/1539939621848727555

1:38:20 Disclaimers

1:38:43 Moment of Zen
https://twitter.com/functi0nZer0/status/1542571158905786368

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Not financial or tax advice.
https://newsletter.banklesshq.com/p/bankless-disclosures

Episoder(1265)

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Bitcoin Has 3 Years to Survive | Nic Carter on Bitcoin’s Quantum Vulnerability

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ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Google just dropped a major quantum warning for crypto, claiming a breakthrough that could accelerate the timeline to breaking Bitcoin and Ethereum’s core security. Ryan and David unpack what changed,...

3 Apr 1h 4min

3 Megatrends Every Investor Needs to Know: Demographics, Wealth Inequality, & the End of Labor (with Jeff Park)

3 Megatrends Every Investor Needs to Know: Demographics, Wealth Inequality, & the End of Labor (with Jeff Park)

Three macro forces are converging that almost no one is pricing in correctly. Jeff Park returns to Bankless to lay out what he calls the "certain truths" shaping markets for the next two decades: coll...

30 Mar 1h 27min

ROLLUP: The World is On the Clock | The Clarity Act | Crypto Mortgages | Bitmine Staking

ROLLUP: The World is On the Clock | The Clarity Act | Crypto Mortgages | Bitmine Staking

We examine the proposed Clarity Act and its impact on stablecoin yields and crypto finance. Ryan and David discuss geopolitical tensions in Iran and their effects on global markets.  Highlights incl...

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The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

MIT economist Christian Catalini joins Ryan and David to unpack his new paper, "Some Simple Economics of AGI," which argues that the scarce resource in the AI economy is no longer intelligence but ver...

26 Mar 1h 25min

Illia Polosukhin: Why AI Agents Are Still Useless (And What Fixes Them) | NEAR Founder on IronClaw

Illia Polosukhin: Why AI Agents Are Still Useless (And What Fixes Them) | NEAR Founder on IronClaw

NEAR founder and Transformer co-author Illia Polosukhin joins us to break down why today’s AI agents still fall short, what’s missing to make them actually useful, and how IronClaw could unlock secure...

24 Mar 1h 17min

Ethereum’s Quantum Strategy with Justin Drake

Ethereum’s Quantum Strategy with Justin Drake

Quantum used to be crypto’s distant sci-fi problem. Justin Drake says it now has a clock. In this episode, we unpack what “Q-Day” actually means, why Justin thinks 2032 is the date the entire industry...

23 Mar 1h 40min

ROLLUP: Crypto Momentum | Regime Shift? | Payments War | Prediction Boom | SBF on Netflix

ROLLUP: Crypto Momentum | Regime Shift? | Payments War | Prediction Boom | SBF on Netflix

Ryan and David break down a historic week for crypto as the SEC and CFTC finally deliver long-awaited clarity, classifying major tokens and reshaping the market. At the same time, Bitcoin is outperfor...

20 Mar 1h 9min

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