On the Pod…
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news concerning the collapse of FTX. Show topics:
the statements of newly appointed CEO John Ray in the first day declaration
why Tarun, Robert, and Haseeb think SBF is possibly delusional or at least in denial
whether the assets of FTX and Alameda were commingled from the beginning or whether they had been separate and at a certain point, FTX loaned money to Alameda
whether the Bahamian government was the 'FTX' hacker
the theories of why Alameda started falling
how regulators and legislators are assessing the failure of FTX
whether SBF will get a pardon like Mark Rich and the chances of him being charged criminally
whether Genesis is insolvent
Don’t miss this great interview with Ram Ahluwalia, CEO and cofounder at Lumida Wealth Management. We talked about the likelihood of Genesis going bankrupt, and its potential contagion effects.
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What’s Poppin’?
Genesis Global Trading may be looking at filing for bankruptcy if it doesn’t acquire new funding, Bloomberg reported on Monday.
FTX Japan plans to build its own system to let customers withdraw assets from the exchange this year.
Uniswap said it is collecting users’ on-chain information, but claims this won’t include any personal data.
Ready for Thanksgiving crypto questions like... 😁
In Other News…✍️✍️✍️
Grayscale's Bitcoin Trust’s discount hit an all-time low discount of 45.2% to NAV.
Bain & Co, one of the most prestigious consulting firms in the world, helped Tiger Global perform due diligence on its investment in FTX, which is now worth zero.
Following a notice of default, Iris Energy unplugged miners used as collateral for over $100 million in loans.
US Senators sent a letter to Fidelity Investments to warn about the risks of its BTC exposure.
Today in Crypto Adoption...
Celo, a blockchain focused on mobile, partnered with Consensys (disclosure: a former sponsor) to integrate with Infura infrastructure.
The $$$ Corner…
What Do You Meme
📈 Your Market Update 📉
BTC is down 2.7%, trading at $15,676.
ETH us down 3.25%, trading at $1,080.
BTC dominance: 37.24%
Crypto market cap: $809 billion
*All data as of today, 5 am ET
Recommended Reads
Gigi on why Bitcoin isn’t dead:
Index Coop DAO on why DeFi is the answer to the FTX crisis:
Justin Bons on the top 20 coins:
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