Vance Spencer

Experienced crypto investor and co-founder at Framework, focused on on-chain investing and fundamentals; guest on the episode to analyze the $40B liquidation, exchange transparency, and market implications.

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Oct 14, 2025 • 53min

The $40B Liquidation That Exposed Crypto's Biggest Problem - Framework Founders

Vance Spencer and Michael Anderson, co-founders of Framework and experts in crypto markets, delve into the shocking $40B liquidation that rocked the crypto world. They dissect how lack of transparency fuels systemic risks, spotlight Binance's alarming preferential deals, and highlight the importance of robust accounting standards. The duo navigates market structure, discussing which altcoins are worth holding and the potential of ETH as it seeks a bottom. They argue that increasing institutional scrutiny calls for transparency to restore investor confidence.

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