The Three Arrows Capital Fallout

Last Week of June, 2022

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------ Topics Covered:

0:00 Intro 5:10 Markets 5:15 BTC Price 5:35 ETH Price 6:55 ETH BTC Ratio 7:05 Crypto Market Cap 7:50 FED WATCH 8:00 Who’s to Blame For Inflation? https://ritholtz.com/2022/06/inflation-blame-15/  11:58 How’d We Get Here? Dan from Pantera https://panteracapital.com/blockchain-letter/the-feds-twin-policy-errors/  15:10 WSJ: Rising Interest Rates Will Crush the Federal Budget https://www.wsj.com/articles/high-interest-rates-will-crush-the-federal-budget-inflation-debt-spending-costs-recession-economy-11656535631 

20:00 3AC Meldown Continued 20:22 Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate https://www.wsj.com/articles/crypto-fund-three-arrows-ordered-to-liquidate-by-court-11656506404  23:55 Voyager $660M Unsecured Loan https://decrypt.co/103892/voyager-digital-issues-three-arrows-capital-default-notice  29:49 Three Arrows Capital Liquidation Ordered in British Virgin Island https://www.coindesk.com/business/2022/06/29/three-arrows-capital-liquidation-ordered-in-british-virgin-isles-report/  29:55 Su Zhu’s Yacht https://twitter.com/AutismCapital/status/1540001243795542018  31:25 Vitalik Subtweet  

33:19 BlockFi 33:22 Where it Started https://www.coindesk.com/business/2022/06/16/blockfi-liquidated-three-arrows-capital-report/  35:25 FTX Seeks to Acquire BlockFi https://www.theblock.co/post/154929/ftx-blockfi-deal-sources  35:30 New Morgan Creek Bid https://blockworks.co/blockfi-has-a-new-bidder-in-morgan-creek-report-says/  40:15 BlockFi Is Pursuing Plans to Go Public https://www.coindesk.com/business/2021/07/22/blockfi-is-pursuing-plans-to-go-public-even-as-regulators-close-in/  https://www.theblock.co/post/155069/ftx-walked-away-from-celsius-deal  42:15 4 Big Takeaways https://www.theblock.co/post/154681/a-leaked-investor-call-revealed-morgan-creeks-bid-for-blockfi-here-are-four-more-big-takeaways-from-the-call 

43:30 Grayscale Sueing the SEC 40:35 SEC Rejects Grayscale’s Spot Bitcoin ETF Application https://www.coindesk.com/policy/2022/06/30/sec-rejects-grayscales-spot-bitcoin-etf-application/  45:35 Michael Sonnenshein Didn’t Like That https://twitter.com/Sonnenshein/status/1542311510055292928  45:45 Grayscale Sues SEC https://www.globenewswire.com/news-release/2022/06/30/2471737/0/en/Grayscale-Investments-Initiates-Lawsuit-Against-the-SEC.html 

52:10 NEWS 52:30 MakerDAO 52:42 Controversial MakerDAO Governance Vote https://twitter.com/labsGFX/thread/1541488156909912065  https://vote.makerdao.com/polling/QmWYajMq#vote-breakdown  54:22 Post-vote Thread From Hasu https://twitter.com/hasufl/status/1542196610775629824  57:03 Lido Voters Reject Growth Limit For ETH2 https://thedefiant.io/lido-rejects-self-limiting/  57:25 Hasu Co-authored a Proposal for Lido stETH Governance https://twitter.com/hasufl/status/1535275167177490438  57:30 Proposal https://research.lido.fi/t/ldo-steth-dual-governance/2382  59:20 Arbitrum Odyssey 1:00:25 Odyssey Paused! https://twitter.com/arbitrum/thread/1542159105946787840  1:01:15 Dune Analytics Data https://dune.com/springzhang/arbitrum-odyssey-event-tracking  1:03:39 Optimism’s TVL Doubles https://thedefiant.io/optimism-layer-2s-surge  https://l2beat.com/  1:05:00 Merge Watch 1:05:10 Sepolia on July 6th https://twitter.com/sassal0x/status/1540352501605490689 

1:05:30 NFTs 1:05:35 NFTs Down Down Down https://dune.com/hildobby/NFTs  1:06:00 ENS.Vision https://www.ens.vision/market  https://dune.com/makoto/ens 

1:06:45 BITCOIN Michael Saylor’s MicroStrategy $10M Purchase https://www.coindesk.com/business/2022/06/29/michael-saylors-microstrategy-purchased-another-10m-of-bitcoin-over-past-two-months 

1:09:19 REGULATION China Covid Bankrun Stoppage https://twitter.com/NeerajKA/status/1541397028089073664 

1:11:58 MISC Horizon Bridge Hack $100M https://twitter.com/harmonyprotocol/status/1540110924400324608  North Korea https://www.coindesk.com/business/2022/06/29/north-korean-hacking-group-behind-100m-horizon-bridge-hack-report/ 

1:13:10 RAISES Digital Wallet Maker Dynamic Raises $7.5M a16z https://thedefiant.io/dynamic-wallet-fundraise/ 

1:14:08 Jobs https://pallet.xyz/list/bankless/jobs 

1:16:30 Community Questions 1:16:52 L2 vs Cross L1 Bridging Risk https://twitter.com/miner89r/status/1542272305627283466  1:20:38 Best dApps to Get Started https://twitter.com/kangaman_gus/status/1542179373070970881 

1:23:48 TAKES 1:23:51 Why CeFi is breaking https://twitter.com/TrustlessState/status/1542284015796895744  1:24:50 Ryan Follow Up https://twitter.com/RyanSAdams/status/1542493426687541250  1:25:50 And You’ll Be Happy https://twitter.com/aubreystrobel/status/1541509159455277058  1:26:34 Internet Security https://twitter.com/kobigurk/status/1539140832615440385  1:27:22 Ethereum Rollup vs. Cosmos https://twitter.com/bkiepuszewski/status/1541065105634385922 

1:28:55 What David’s Bullish On 1:30:09 What Ryan’s Bullish On https://twitter.com/RyanSAdams/status/1542504457140707341 

1:35:20 MEME of the Week https://twitter.com/jackniewold/status/1539939621848727555 

1:38:20 Disclaimers

1:38:43 Moment of Zen https://twitter.com/functi0nZer0/status/1542571158905786368 

----- Not financial or tax advice. https://newsletter.banklesshq.com/p/bankless-disclosures