Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week: Silicon Valley Bank went belly up and knocked USDC off its peg with it. For good measure, Signature Bank was taken over by regulators. After a hellish weekend, what did we learn?

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:

what happened with Silicon Valley Bank
why USDC depegged and reached a low of 88 cents
how Maker responded to the depegging of USDC
whether DeFi responded flawlessly to the chaotic events
how Haseeb’s VC fund, Dragonfly, was ensnared in SVB’s collapse
what Tarun thinks made Elizabeth Warren change her tune on SVB
whether Signature Bank was shut down because of its crypto-related activities
why bonds are not marked to market by banks
which company is going to issue the euro-dollar stablecoin
how BTC has been outperforming the NASDAQ since the FTX collapse
how Euler Finance got hacked for almost $200 million
whether flash loans should be banned
the rules around crypto and finance in the Middle East
why DeFi is a fundamental innovation that’s better than many financial systems across the world

Hosts

Haseeb Qureshi, managing partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Robert Leshner, founder of Compound
Tom Schmidt, general partner at Dragonfly

Disclosures

Links

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