3min chapter

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Quarterly Market Recap: Q4 2022 - [Web3 Breakdowns, EP.53]

Making Markets

CHAPTER

FTX, SAGA, FDX - What's the Story?

The fall of FDX is what everyone will remember. I believe that the main assets, Bitcoin, they've held up remarkably well in spite of all that. Anyone who's worked in traditional finance understands how archaic and crazy underlying systems are. Modern finance has a lot of mainframes and a lot of AS 400s and IBM systems sitting all over the place.

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