On The Brink with Castle Island cover image

Weekly Roundup 11/04/22 (Fidelity Crypto Launches, Alameda’s balance sheet, SDNY looks at Tether) (EP.368)

On The Brink with Castle Island

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Alameda Coin Desk Leak - Bitcoin Miners Taking Out Loans Against FTT

A lot of Alameda's assets are in FTT, which they created. Some evidence that Alameda has really bootstrapped their entire company by taking out loans against FTT collateral. The lending desks are all under enormous strain right now because Bitcoin mining sector is blowing up with real thing.

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