Podcast

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

Last Week of June, 2022

Jul 1, 2022 • 3 min read

TIMESTAMPS & RESOURCES

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 Meltdown 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/

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

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

1:05:00 Merge Watch

1:05:30 NFTs

1:05:35 NFTs Down Down Down

1:06:00 ENS.Vision

https://www.ens.vision/market

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

1:11:58 MISC

Horizon Bridge Hack $100M

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

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

1:26:34 Internet Security

1:27:22 Ethereum Rollup vs. Cosmos

1:28:55 What David’s Bullish On

1:30:09 What Ryan’s Bullish On

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

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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