Weekly Roundup 06/24/22 (FTX steps in, 3AC postmortem, fraying DeFi governance) (EP.328)

Matt and Nic return for a fiery episode of deals and news. In this episode: 

• Is miner selling backed up by the on-chain data? 
• Is Massachusetts open to pro-crypto legislation? 
• FTX provides credit support to embattled crypto lenders 
• Why private market transactions do not constitute bailouts in the pejorative sense
• Was 3 Arrows just a case of too much leverage and bad trades, or was it fraud? 
• Does the 3AC situation stray into criminal territory? 
• There were significant harms stemming from the 3AC scheme
• Kyle's infamous On The Brink appearance and his special request 
• Did GBTC bring down 3AC? 
• Are we entering the PvP era of crypto twitter? 
• The story behind 3AC's yacht 
• Solend requisitions user funds 
• Wartime versus peacetime governance in DeFi
• South Korea puts a travel ban on Terraform labs employees
• DYDX is leaving Ethereum and moving to their own chain 
• The relationship between lender balance sheets and GBTC 
• Is there a case to be made for winding down GBTC?
• How to think about the GBTC trade today
• How the 3AC GBTC trade is like LTCM 
• How to think about the "macro" 
• Is the 'crypto hedge fund that also does VC' obsolete? 

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