Bankless ROLLUP: Genesis, Grayscale, DCG Failure? | FTX Contagion Continues | Mango Solana Exploit
7 snips
Nov 25, 2022 The hosts dive into the chaos of the crypto market, discussing the fallout from key players like Genesis and FTX. They analyze recent price declines in Bitcoin and Ethereum, touching on the emotional aspect of trading. Uniswap's impressive performance on Polygon highlights innovative growth amidst uncertainty. The risks of decentralized finance are examined following major exploits, underscoring lessons learned. Finally, tips for discussing crypto during family gatherings offer a light-hearted yet informative touch to the conversation.
AI Snips
Chapters
Transcript
Episode notes
Ethereum's Profitability
- Ethereum is now profitable after The Merge, marking a historic moment for blockchains.
- This profitability stems from transaction fees exceeding block rewards, unlike proof-of-work.
Bankless Premium Discount
- Bankless Premium offers a 25% discount for Black Friday, its biggest discount ever.
- The membership includes perks like an ad-free premium podcast feed and airdrop reports.
Genesis Contagion
- Genesis Trading, facing a liquidity shortfall, may file for bankruptcy, impacting Gemini Earn.
- Digital Currency Group (DCG), Genesis's parent company, used a complex loan structure to bail out Genesis after Three Arrows Capital's collapse.
