A Few Hot Takes in This Podcast

Matt and Nic return for a fiery episode of deals and news. In this episode:

• Is miner selling backed up by the on-chain data?
• Is Massachusetts open to pro-crypto legislation?
• FTX provides credit support to embattled crypto lenders
• Why private market transactions do not constitute bailouts in the pejorative sense
• Was 3 Arrows just a case of too much leverage and bad trades, or was it fraud?
• Does the 3AC situation stray into criminal territory?
• There were significant harms stemming from the 3AC scheme
• Kyle's infamous On The Brink appearance and his special request
• Did GBTC bring down 3AC?
• Are we entering the PvP era of crypto twitter?
• The story behind 3AC's yacht
• Solend requisitions user funds
• Wartime versus peacetime governance in DeFi
• South Korea puts a travel ban on Terraform labs employees
• DYDX is leaving Ethereum and moving to their own chain
• The relationship between lender balance sheets and GBTC
• Is there a case to be made for winding down GBTC?
• How to think about the GBTC trade today
• How the 3AC GBTC trade is like LTCM
• How to think about the "macro"
• Is the 'crypto hedge fund that also does VC' obsolete?

Sponsor notes:

• Subscribe to the Coin Metrics State of the Network newsletter