Macro picture, Bitcoin’s bull/bear case, DCG controversy & more | E1666
This Week in Startups
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The Solana That FTX Was Holding Was Hedged Most Likely by Someone
The only question I've had since this whole thing blew up with FTX, and you guys, we were on the emergency part we did, was that the Solana that FTX was holding was hedged most more than likely by someone. And no one could answer the question. The more Solana spiked to 25 bucks, they filed bankruptcy. Why was that? So someone figured out, in my opinion, their short Solana, and when the price went up so much, there's no way they could save the company because they can't market by the missing Solana to repay the hedge. That's my working thesis, which I think is still true for Genesis. For Genesis,
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