ROLLUP: Genesis, Grayscale, DCG Failure? | FTX Contagion Continues | Mango Solana Exploit
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The Collapse of Genesis: Implications for Crypto Markets
This chapter examines the potential downfall of Genesis, a major player in cryptocurrency lending, and its broader implications on the crypto ecosystem. It highlights the interconnectedness of various crypto entities, notably Digital Currency Group and Grayscale, while discussing the financial turmoil and liquidity issues faced by Genesis. The conversation also addresses the ongoing risks for creditors and the challenges surrounding Grayscale's Bitcoin Trust amid regulatory failures.
Thanksgiving 2022
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------ 0:00 Intro
4:45 MARKETS 8:30 Down From ATH https://messari.io/screener 12:55 Calling the Bottom Cobie - https://twitter.com/cobie/status/1594635144207699969 14:10 Going Bankless https://www.coingecko.com/research/publications/exchange-withdrawal-ftx-collapse 15:10 Uniswap Polygon ATH https://twitter.com/sandeepnailwal/status/1594147481709080576 16:15 Profitable Ethereum https://twitter.com/tokenterminal/status/1594818145402978304 20:20 Black Friday https://newsletter.banklesshq.com/p/0d234f3f-792b-4d65-ab51-2841b16bbb14
25:00 Will Genesis Fail? Barry’s Tweet - https://twitter.com/BarrySilbert/status/1408191462324441092 7 Million - https://twitter.com/GenesisTrading/status/1590391027214725120 FTX Exposure - https://twitter.com/GenesisTrading/status/1590836594382032896 Genesis Loan - https://twitter.com/AP_ArchPublic/status/1594386225200234496 Timeline - https://twitter.com/CryptoCred/status/1594818326282534912 Emergency - https://twitter.com/fintechfrank/status/1594820487582023680 Letter - https://twitter.com/tier10k/status/1595140018871631873 Summary - https://twitter.com/TradFiWhale/status/1595235835431075842
34:25 Genesis Summary https://twitter.com/TradFiWhale/status/1595235835431075842 41:05 Gemini Earn Update https://decrypt.co/115270/gemini-still-working-genesis-digital-currency-group-unlock-user-withdrawals 42:05 SEC Role https://twitter.com/mikebelshe/status/1594368875482607617 45:45 Grayscale Revenue https://twitter.com/fintechfrank/status/1595205526127771648
49:20 FTX Update SBF Letter - https://twitter.com/lizrhoffman/status/1595183732989779970 Contagion - https://research-assets.cbinsights.com/2022/11/17113850/FTX-Infographic-1117_2022-1.png
54:00 FTX Hacker On The Move - https://www.coindesk.com/tech/2022/11/20/ftx-exploiter-converts-millions-in-ether-to-alameda-linked-ren-bitcoin-tokens/ RenBTC - https://twitter.com/lawmaster/status/1594730133591662598 58:40 SEC Scrutiny https://www.theblock.co/post/189351/sec-facing-rising-scrutiny-after-ftxs-epic-implosion
1:00:00 Mango Attack Statement - https://twitter.com/avi_eisen/status/1581326197241180160 Returned - https://twitter.com/mangomarkets/status/1581351549644591104 Aave - https://twitter.com/AaveAave/status/1595168980993556480 Curve Stable - https://twitter.com/0xAlunara/status/1595056270683377664 Gauntlet - https://twitter.com/gauntletnetwork/status/1595174743891709953
1:09:30 Staking Withdrawals https://twitter.com/vdWijden/status/1595386746786779137 1:10:45 Flashbots Open Source - https://twitter.com/bertcmiller/status/1593668480951373827 Censorship - https://twitter.com/VitalikButerin/status/1595198944623165448 1:13:15 Polygon x Magic Eden https://twitter.com/0xpolygon/status/1595056828538564609 1:13:40 rETH in Maker https://twitter.com/MakerDAO/status/1594700128920682503 1:14:10 Arbitrum Decentralization https://twitter.com/bkiepuszewski/status/1594754717330309120 1:15:15 Bankless Collectible https://twitter.com/BanklessHQ/status/1595104542428839936 1:16:55 Alexey Prison https://www.theblock.co/post/189086/tornado-cash-developer-alexey-pertsev-to-be-detained-another-three-months-in-amsterdam 1:18:45 JPMorgan Trademark https://twitter.com/Blockworks_/status/1594676000000212992 1:19:20 OP Coinbase Withdrawals https://twitter.com/MSilb7/status/1595384920322482184 1:19:48 New York BTC https://www.cnbc.com/2022/11/23/new-york-governor-signs-law-cracking-down-on-bitcoin-mining.html 1:21:00 Across https://twitter.com/AcrossProtocol/status/1595466083913199616
1:21:20 Jobs https://pallet.xyz/list/bankless/jobs
1:24:00 Talking to Family https://newsletter.banklesshq.com/p/fcaac3a4-5905-47ab-a580-1af82f1255af
TAKES 1:31:45 Genesis Chapter 11 https://twitter.com/RyanSAdams/status/1594820199806631936 1:33:10 8 Year Winter https://twitter.com/CryptoHayes/status/1594996079015116806 1:33:50 Bull Ponzi https://twitter.com/TrustlessState/status/1595170691917041664
1:35:50 What David’s Thankful For 1:37:45 What Ryan’s Thankful For
1:41:50 MEME of the Week https://twitter.com/TheFutureisDAO1/status/1594680888767422465
---- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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