Coin bas made a disclosure that suggested it was not exactly clear during a bankruptcy where your crypto assets would go. The other fascinating development to me is that sam bankman fried, who is a crypto gagillionaire, put in a nine % stake into robin hood. So they're not going away. They're goig to fight back and try to insinuate themselves into more and more infera structure so that it gets valued in their way. And that's the game they have to play at this point. It's going to be a really interesting sit yes, superinteresting.
Felix and Mihir discuss the turmoil in financial markets and how best to respond as an investor or a corporate executive. Is it time to panic? What is the longer-term outlook for the economy? Will the Federal Reserve be able to tame inflation without causing a recession? They also discuss the fate of Upstart, an AI-supported lending platform. The former Wall Street darling lost much of its value, seemingly overnight. Can Upstart recover? Are we really better off with more consumer credit?