Crypto Winter Darker Than the Last One

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David Schmalloch: Is this crypto winter darker than the last? Most of the OGs are saying, no, it's not worse. Last bear market, people were questioning if crypto would even survive. But we got big enough this time where mainstream questions the value prop like the natives last time. He says everyone is always going to be in a cushy position when they go into their first bear market.

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------ Topics Covered

0:00 Intro

3:30 MARKETS 7:49 ETH Staking https://twitter.com/hildobby_/status/1663960826225491996?s=20

10:25 CEX Balances 5 Year Low https://decrypt.co/142507/ethereum-bitcoin-balances-exchanges-edges-5-year-lows

12:25 State of NFTs https://twitter.com/cyounessi1/status/1663617804812136450?s=20

17:29 China Bullish On Crypto https://www.theblock.co/post/232404/beijing-web3-white-paper

23:03 Celsius Has A Deal https://www.coindesk.com/policy/2023/05/25/fahrenheit-wins-bid-to-acquire-assets-of-insolvent-crypto-lender-celsius/

28:16 Worst Crypto Winter? https://twitter.com/icebergy_/status/1663693201620758528 https://twitter.com/RyanSAdams/status/1663973894645075969?s=20

36:00 SMALL NEWS

36:26 Bullish On Blend https://dappradar.com/blog/blur-dominates-82-of-the-nft-lending-market

37:50 Coinbase Gas Free Transfers https://twitter.com/CoinbaseWallet/status/1663680306329821184

39:47 MoonPay Took $150M? https://twitter.com/web3isgreat/status/1663664708409339904?s=20

41:21 Paradigm Enters AI https://www.theblock.co/post/232247/crypto-vc-paradigm-ai

44:00 Binance Layoffs https://www.theblock.co/post/232696/binance-layoffs-cuts-jobs

45:50 Worldcoin Raises $115M https://blockchain.capital/worldcoin-proof-of-personhood-world-id-and-the-future-of-crypto-onboarding/

50:07 Magic Raises $52M https://magic.link/

52:54 Questions From The Nation Join Our Discord - https://discord.gg/zMVU2bBrcz

1:06:10 Takes Of The Week https://twitter.com/VentureCoinist/status/1662514641233166337?s=20

1:15:10 What Are You Bullish On? https://twitter.com/TrustlessState/status/1663680140117680129?s=20

1:21:48 Risks & Disclaimers

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