Weekly Roundup 05/05/23 (Bank apocalypse, Biden's miner tax, Bhutan's crypto ambitions) (EP.422)
On The Brink with Castle Island
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Parella's Mistake in the Crypto Assets Market
This is just going to be like a daisy chain of clawbacks here. There is a credit explosion, but the actual assets underlying all the credit is much less. So it's just illusory, the funds that are being clawed back here. Yeah, I don't think this is likely to happen, but who knows? I guess they're going to try. Did you see that? So FTX, this missed in labs deal. They allowed the company behind SWE to purchase back at a discount, a slight discount, their tokens, and now they're trading way up. It's actually shockingly bad.
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