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Bankless

ROLLUP: SBF vs Caroline Ellison | Sam Altman on Joe Rogan | ETH Predictions

Oct 12, 2023

SBF, founder of FTX exchange, and Caroline Ellison discuss the SPF trial and Alameda's involvement. They also cover inflation becoming background noise, Friend Tech surpassing Bitcoin in revenue, and Tron's bear case. The podcast includes price predictions, upcoming topics, and testimonies of Gary Wang and Caroline Ellison in a trial involving SBF. They delve into the Israeli-Palestinian conflict's connection to cryptocurrency and Uniswap's deployment to ZK Sync.

01:21:54

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Episode guests

Caroline Ellison

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

During the SBF trial, revelations of fraudulent practices, including falsified balance sheet reports, use of fake trading accounts, and attempts to bribe officials, have emerged.

The ongoing debate surrounding Lido, a decentralized protocol for staking ETH, involves variables such as roadmap, financial incentives, attacks on Ethereum consensus, and moralistic pressure.

Deep dives

Week 2 of SBF Trial: Revelations About Alameda's Balance Sheet and Relationship with FTX

In week two of the SBF trial, Gary Wang, the CTO of FTX, testified that Alameda had a convoluted and fraudulent relationship with FTX since its inception in 2019. Alameda borrowed funds from FTX and the hole in FTX's balance sheet started from the beginning. Caroline Ellison, another key witness, revealed that she produced multiple versions of falsified balance sheet reports to hide the fact that Alameda borrowed $9.9 billion from FTX. The trial also uncovered unethical practices, including using Thai prostitutes' IDs to create fake trading accounts and attempts to bribe a Chinese official with $150 million to unfreeze accounts. The trial continues with more testimonies and revelations.

1.

Introduction

2min

2.

Sam Altman, Fed Survey, Vampire Attack, Price Predictions, and A16 Z Sponsors

2min

3.

Bitcoin and Ethereum Price Movements, Buying Decisions, and Halloween Costume Ideas

3min

4.

ETH Bitcoin ratio, CPI inflation reports, and Lin Alden recording

2min

5.

Inflation becoming background noise

9min

6.

Friend Tech Surpasses Bitcoin in Revenue and Tron's Bear Case

8min

7.

Price Predictions and Upcoming Topics

3min

8.

The Testimonies of Gary Wang and Caroline Ellison

18min

9.

SPF's Testimony and Upcoming Topics

3min

10.

The Israeli-Palestinian Conflict and Crypto

14min

11.

Uniswap on ZK Sync, Bottom Signals, Sell Signals, and Sponsors

3min

12.

Analyzing the Crypto Market and Containing Excitement

17min

Bankless Weekly Rollup 2nd Week of October

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🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo

------ TIMESTAMPS & RESOURCES

0:00 Intro

3:30 Markets 6:30 Inflation https://www.cnbc.com/2023/10/12/cpi-september-2023.html

11:00 Why Americans Have Crypto https://twitter.com/jp_koning/status/1711714224664186943

14:05 ETH Validator Queue https://www.validatorqueue.com/

16:45 Friend.tech Surpassed Bitcoin https://twitter.com/tokenterminal/status/1710024292992163889

17:45 Tron vs Bankless https://www.bankless.com/tron-trx-bull-bear

22:00 ETH Predictions https://www.theblock.co/post/255860/ethereum-eth-price-standard-chartered-bank

27:00 SBF Trial https://compote.slate.com/images/c8708922-4b13-418c-a8be-af557e45079e.jpeg

28:20 Gary Wang https://twitter.com/emilydparker/status/1711797258302243182?s=46

33:00 Caroline Ellison vs SBF https://www.nytimes.com/2023/10/10/technology/caroline-ellison-sam-bankman-fried-trial.html

41:30 Thai Escorts (Not Taiwanese, David!) 44:05 SBF’s Ambitions https://x.com/innercitypress/status/1711806222117027840?s=20 https://twitter.com/byzgeneral/status/1711864012567093287

47:45 Hamas Crypto Accounts https://www.theblock.co/post/255679/israeli-authorities-have-frozen-hamas-linked-crypto-accounts-report https://www.wsj.com/world/middle-east/militants-behind-israel-attack-raised-millions-in-crypto-b9134b7a

50:22 Critical Context https://twitter.com/samlyman33/status/1712209368450511162?s=46

51:33 Getting Drafted https://twitter.com/AmMuroch/status/1711980124021669941

52:30 Ray Dali on War https://www.linkedin.com/pulse/another-step-toward-international-war-ray-dalio/

53:30 Farcaster Goes Permissionless https://twitter.com/dwr/status/1711828728865849505

54:00 Five Shades of Lido https://notes.ethereum.org/@mikeneuder/magnitude-and-direction

58:10 Sam Altman on Joe Rogan https://ogjre.com/episode/2044-sam-altman

1:01:05 Trader Joe Getting Sued https://twitter.com/Blockworks_/status/1711705702287200497?s=20

1:02:00 Uniswap zkEVM https://x.com/okutrade/status/1709916468219981977?s=20

1:04:30 Questions from the Nation https://bankless.cc/GetClaimables

1:08:10 When to Sell https://twitter.com/cburniske/status/1711064578212475360?s=20

1:10:10 Cars vs Shoes https://twitter.com/0xMidnight/status/1710409447187632611

1:10:50 What David’s Bullish On https://www.bankless.com/vampire-season-diva 1:15:50 What Ryan’s Bullish On 1:21:00 MEME of the Week https://twitter.com/Crypto_McKenna/status/1711851523657830561

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

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