
Crypto Thesis for 2023 | Ryan Selkis
Bankless
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Crypto Credit Crisis Unpacked
This chapter explores the 2022 crypto credit crisis affecting the CeFi sector, focusing on Grayscale's GBTC trade and its market distortions. It highlights the consequences of leveraged trading by entities like Three Arrows Capital and BlockFi, as well as external influences like the Luna collapse.
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