Podcasts about UST

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  • 418PODCASTS
  • 1,733EPISODES
  • 29mAVG DURATION
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  • Jun 28, 2022LATEST

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Best podcasts about UST

Show all podcasts related to ust

Latest podcast episodes about UST

Unchained: Your No-Hype Resource for All Things Crypto
Does Venture Capital Investment Violate the Ethos of Crypto? Sequoia Says No - Ep. 367

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later Jun 28, 2022 70:17


Shaun Maguire and Michelle Bailhe, partners at Sequoia, discuss their long term view and thesis about crypto, what do they look for to invest in a crypto project, the takeaways from the blowup of Terra, the insolvency of crypto companies, and much more. Show highlights: what is Sequoia's long term view and thesis about the crypto industry how different our lives will look in 20 years from now due to blockchain technology how Sequoia had to adapt to invest in this new asset class and what are the similarities and differences with investing in traditional startups when a product or service on the internet should be offered in a decentralized or centralized way how Sequoia decides whether to invest in the entity behind a project or in the tokens whether having venture capitalists involved at all goes against the ethos of decentralization why Shaun believes that Ethereum proved that decentralization can be achieved even when you start being centralized whether people underestimate the value that VCs can add to a project why Shaun believes that Solana is moving towards decentralization Sequoia's thesis about privacy in crypto and the potential of zero-knowledge proofs  how Michelle sees the macroeconomic environment impacting crypto and whether this cycle is different from the previous ones the importance of product market fit in crypto projects what crypto projects should be focusing on and the business model they should be pursuing the main takeaways of the Terra collapse and how it was a major setback for algo stablecoins how crypto founders should always do the right thing even though there is no clear regulation whether SBF is the Berkshire Hathaway of crypto today the lessons to be learned from the potential insolvency of some crypto lenders and investment firms how demand for blockspace will keep increasing and whether a single blockchain could supply all that space the future of the metaverse and how it can be defined Michelle's mental model for crypto and the phases for achieving worldwide adoption   Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance/ Ava Labs: https://www.avax.network/ EPISODE LINKS   Shaun Maguire:  Twitter: https://www.twitter.com/shaunmmaguire Sequoia Profile: https://www.sequoiacap.com/people/shaun-maguire/   Michelle:  Twitter: https://twitter.com/michellebailhe Sequoia Profile: https://www.sequoiacap.com/people/michelle-bailhe/ Michelle's investment thesis: https://www.sequoiacap.com/article/ask-not-wen-moon-ask-why-moon/ Bear Market: Michelle's Twitter thread: https://twitter.com/michellebailhe/status/1526373378516365312?s=20&t=c7vdmdg2mnQ34rsAGIm0lg Insolvency of crypto lenders: Voyager: https://www.coindesk.com/business/2022/06/22/voyager-digital-requests-loan-repayment-from-3ac-considers-issuing-default-notice/ BlockFi: https://decrypt.co/103422/blockfi-secures-250-million-line-of-credit-from-ftx Celsius: https://www.theblock.co/linked/151522/crypto-lending-firm-celsius-pauses-withdrawals-and-transfers-citing-market-conditions Celsius possible bankruptcy: https://www.theblock.co/linked/154100/crypto-lender-celsius-hires-more-advisors-ahead-of-possible-bankruptcy-wsj Previous Unchained Coverage:  Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/ Cobie and Chris Burniske on How to Navigate a Crypto Bear Market: https://unchainedpodcast.com/cobie-and-chris-burniske-on-how-to-navigate-a-crypto-bear-market-ep-354/ Terra Shaun's take on stablecoins:  https://twitter.com/shaunmmaguire/status/1524420727968976898?s=20&t=26DylQ2_YbW36Y4ZMwxVFw Previous Unchained Coverage:  Kevin Zhou on the risk of UST's death spiral: https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/  The Legal and Regulatory Fallout From Terra's Collapse: Who Will Pay?: https://unchainedpodcast.com/the-legal-and-regulatory-fallout-from-terras-collapse-who-will-pay-ep-363/ The Chopping Block: Does the New Terra Have Any Chance?: https://unchainedpodcast.com/the-chopping-block-does-the-new-terra-have-any-chance/ Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed: https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/ The 5 Biggest Lessons From Terra/Luna's Collapse, According to Tascha Che:  https://unchainedpodcast.com/the-5-biggest-lessons-from-terra-lunas-collapse-according-to-tascha-che/

Lunaticoin
L156 - Mineras al límite de la viabilidad con Elías de Minerset

Lunaticoin

Play Episode Listen Later Jun 21, 2022 91:43


Lo que empezó como una crísis de una stablecoin (UST$ de Terra-Luna) ha contagiado a todo el sector financiero de criptoactivos. La empresa Celsius Network ha tenido que congelar los retiros y parece que el fondo Three Arrow Capital está a las puertas de la quiebra. Estos eventos han tenido un efecto directo con el precio de bitcoin que ha caido desde los 40k de inicios de mayo a los 17,6k de hace apenas unos días. Este inicio acelerado del bear market no solo afecta al sector financiero y otros actores como las nuevas y relucientes mineras públicas americanas empiezan a ver sus números en rojo, apenas 1 año después de empezar a invertir a lo grande. En el pod de hoy me siento a charlar de urgencia con Elías de Minerset que me cuenta el estado de las mineras americanas y qué tipo de operaciones al descuento se están viviendo para sobrellevar la situación. Twitter de Minerset https://twitter.com/MinersetCrypto Practica el valor por valor en: Breez https://bit.ly/BreezWalletLuna Fountain https://bit.ly/FountainLuna Más información en https://lunaticoin.com Twitter: https://twitter.com/lunaticoin Apoya el podcast en Patreon https://bit.ly/Patreon_Luna Mención especial a los sponsors de este podcast: Compra bitcoin sin KYC en HodlHodl: https://bit.ly/hodlhodl-luna Infórmate sobre Minería en Braiins: https://bit.ly/Braiins_Luna Vive con cripto en Bitrefill: https://bit.ly/Bitrefill_Luna Toma prestado con bitcoin en http://bit.ly/Lend_Lunaticoin

Economy Watch
A weekend meltdown

Economy Watch

Play Episode Listen Later Jun 19, 2022 6:30


Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news nowhere is the change of economic mood sharper than in crypto markets.The selloff in those markets has deepened over the weekend, and the bitcoin has now fallen below US$20,000 for the first time since December 2020. In New Zealand dollars, it is threatening NZ$30,000. That means it has lost three quarters of its "value" since its peak in November 2021. Engine-room companies in the crypto machine are laying off staff.The cryptocurrency industry was built on swagger, enthusiasm and optimism. All three are in short supply these days as these losses and layoffs mount.Meanwhile, American factory output slipped slightly in May from April, but remained up +4.8% from a year ago, in data released today. It was the first slip in four months and the second in eight months. Overall industrial output rose in May from April because of output from 'mining' and 'utilities'. That meant overall American industrial output was +5.8% higher than year-ago levels even though capacity expanded only +0.8%. Still, the small monthly slip does feed into the idea that the US economy's expansion is slowing down.Canadian producer prices rose a heady +15% in May from a year ago, and the rise in May from April ran at a rate above that.The Bank of Japan left its key short-term interest rate unchanged at -0.1% and that for 10-year bond yields around 0% during its June meeting, by an 8-1 vote, as widely expected.But over the past three weeks, central banks around the Western world have changed direction faster away from easy-money and supporting economic activity, to focusing on fighting inflation. You could argue that the new 'cause' is a result of the prior one, but hindsight judgment is cheap. Either way, there will be an economic price to pay, one that was always ahead of us. This new resolve just means it is now front-and-center and will need to be worked through. Do democracies have the resilience to tolerate the pain involved? We have gotten so used to pain-free public policy moves (ones that kick the can), that it is hard to be optimistic.Are we heading for a recession in the major global economies? Many CEOs think we are. Will that just give firebrand autocrats ammunition? Hopefully not, but it is a big risk.It looks like central banks are in a rush to get control of inflation before the consequences of slowing or even contracting economic activity takes hold. It's a race they may not win. Certainly the effort will have some tough consequences for emerging markets, many of which could end up collaterally damaged.Bond markets apparently saw this coming. Since January 2021, eighteen months ago, a global bond index of government and corporate debt paper has now fallen more than -20%. That is a relentless, longish term slippage. But the fight against inflation probably means this is just the start of a severe repricing of bonds, one that will take much more off their values. Bond investments are not 'conservative' in times when we are in a fight with inflation.Volatility is high (although not extreme) while 'fear' is extreme.It may be the end of high commodity prices too. We should also note that the copper price looks like it is about to fall out of the high range it has occupied for the past 18 months. And aluminium may not be far behind it. Tin and nickel are showing the same brittleness. And the carbon price, which raced higher in New Zealand and Europe until February has languished in both markets since.And at the end of last week, iron ore prices slumped in China. Not only is demand tepid there, Beijing is holding back their buyers from bidding on Australian-sourced ore.In Australia, the number of houses being brought to auction is rising fast. But the clearance rate is falling - to a low-for-them of under 60%, something they haven't had barring the pandemic, for three years.Back to the global scene, multilateralism is struggling everywhere, including at the World Trade Organisation. But they have agreed over the weekend to the first change to global trading rules in yearsas well as a deal to boost the supply of COVID vaccines, in a series of pledges that were heavy on compromise. Here's what the conference has achieved.The UST 10yr yield will start today down another -1 bp from this time Saturday at 3.23% in a shift lower that indicates bond markets think the run up ahead of the Fed meeting was excessive. The price of gold ended last week in New York at US$1840/oz. A week prior it was at US$1873/oz.And oil prices have risen slightly from this time Saturday to just under US$109/bbl in the US, while the international Brent price is now just over US$111.50/bbl. A week ago these two prices were US$118.50 and US$120.50 respectively, so about a -9% weekly drop.The Kiwi dollar will open today at just on 63.1 USc and more than -¾c lower then where we left it Friday. Against the Australian dollar we noticeably firmer 91.1 AUc. Against the euro we are still soft at 60.2 euro cents. That all means our TWI-5 starts today at just over 71.1, a gain solely due to the faster-falling Aussie.The bitcoin price has fallen from this time Saturday and is now at US$19,403 and down -5.9%. Over the weekend it got down as low as US$17,602 and is trying another of its comebacks now, but recently such efforts have run out of steam quickly and a new low is then breached. A week ago it was US$ 28,976 so it has fallen by almost half in the past seven days. Volatility over the past 24 hours has been extreme at +/- 6.8%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Tech Path Podcast
645. USDC Flipping Tether Soon | Crypto Black Swan Event in Slow Motion

Tech Path Podcast

Play Episode Listen Later Jun 19, 2022 37:59


The latest crypto market rout has led to heightened anxiety among investors, accompanied by layoffs at Coinbase and other big industry players. Now fresh signs are emerging that the nervousness is hitting Tether, the issuer of the most popular stablecoin. Tether's USDT has a different financial structure from the Terra blockchain's UST "algorithmic stablecoin," which collapsed last month. But USDT has long suffered from investor doubts about the assets backing it, and whether redemptions would be honored in a full-blown crisis. Meanwhile, Circle's USDC stablecoin seems to be reaping the benefits and aligning itself as the new stablecoin standard.#crypto #bitcoin #cryptocurrency ~USDC Flipping Tether Soon | Crypto Black Swan Event in Slow Motion~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook

Distilling Venture Capital
Episode 025 - João Zecchin, Founder Fuse Capital

Distilling Venture Capital

Play Episode Listen Later Jun 17, 2022 53:29


Introduction Welcome to Distilling Venture Capital.  I am your host, Bill Griesinger, Distilling VC is a visionary podcast that provides an insightful and informed view of the key trends affecting the VC and tech startup world.  This is your podcast for Fintech, Decentralized Finance, Blockchain and Smart Contracts, Digital Banking and all the frontier technologies that are changing the financial landscape globally.   Episode Introduction: Welcome back everyone.  I am really excited about today´s conversation because we`re going to chat with a very innovative investment firm, known as Fuse Capital, based in Rio de Janeiro, that is changing the Inv. Fund Model for investing in early-stage and growth stage technology companies with an interesting approach, and has also created a new fund that provides dedicated exposure to DeFi (Decentralized Finance) for institutional investors.  We´re going to get into all of that and more… To help me do that, I have the pleasure of welcoming to the program, João Zecchin, Founder at Fuse Capital.   João, thank you very much for making the time to be on the podcast today…   So, before we dig into the meat of all the innovative structures Fuse Capital is offering to its investors and the market, I usually find it useful for our listeners to understand a bit about your background and your journey, more broadly, that ultimately set the stage for founding of Fuse Capital.  Tell us a bit about your journey that led you into technology, investing in tech companies…     Topic Areas Covered  Talk about the origins of Fuse Capital and then the how you arrived at the strategy that led to Fuse Capital I Fund – 1st hybrid fund, offering not only equity to early stage companies but a venture debt product, as well.  This a unique approach to someone like me who spent 20 years+ in the venture debt space. Can you give some examples of venture debt deals you´ve done?  I understand most or all of the debt deals you´ve done are not portfolio companies where you have an existing equity investment, correct? Mix in the Fund - When one looks at Fuse Capital I Fund, what is the % of Fund assets are made up of Venture Debt vs Equity? What´s the typical structure of a venture debt deal?  Term Loan, advance based on multiple of MRR? Return profile for venture debt deals?  Provides current income to investors thru monthly P&I pmts.? Risk management and portfolio management processes for the debt deals? Target sectors, target geographies for venture debt deals?  For debt deals, talk about that deal process and how you credit underwrite and diligence deals   Let´s talk about the newly created fund, The Wasabi Fund, which provides exposure to DeFi for Inst. Investors;  When was the Fund launched?  Thinking/Strategy that led to the offering? Tell us how you define DeFi and what does exposure to DeFi mean or entail?  Mechanics, details of how the fund is structured and works… You don´t actually provide exposure directly to stable coins themselves, right? Main Strategies Offered;  Liquidity staking, Lending, Futures, Leverage; Anticipated yields – Examples (20% - 40%) Risk mitigation features and strategies? I had a question about one of your Regulatory Risk mitigation strategies:   Underweight allocation to centralized stable coins;  Is this referring to USDT, USDC?  Given the some of the negative blowups recently (e.g., Terra-Luna; UST debacle), how do you assess and diligence what projects to include in terms of DeFi projects and protocols?   Because this blow-up has broken trust in the sector – even though there are many solid projects that are decentralized… The DeFi Fund is structured such that it does not necessarily include direct exposure to the underlying stable coins of projects, is that correct?     Closing Remarks What is a good way for those seeking additional information about Fuse Capital to get in touch?  Website – www.fuse.capital Social media? Other contact methods? Thank you for joining me for this edition of DVC.  I hope you found our discussion today with João Zecchin and Fuse Capital interesting and it gave you new insights about how the venture capital and venture debt landscape is evolving in Brazil.  I look forward to joining you on my next edition of DVC.  Thank You…

Crypto Kings
Welcome to the CRYPTO CASINO!/US Crypto REGULATIONS coming/DO KWON cashes 2.7 BILLION/JP Morgan & Tokenized ASSETS

Crypto Kings

Play Episode Listen Later Jun 17, 2022 68:52


This episode covers the proposed United States crypto legislation called the RESPONSIBLE FINANCIAL INNOVATION ACT  by senators Lummis & Gillibrand. We go over the latest DO KWON antics which involves him withdrawing 2.7 BILLION of UST !? Our last news topic goes over how JP Morgan Chase wants to TOKENIZE traditional assets for investors. The episode's main topic addresses the RISE OF THE CRYPTO CASINO with popular platforms such as STAKE glamorizing gambling to a vastly younger crowd through POPULAR INFLUENCERS.  Is it a lucky time to be an INFLUENCER or a bad time to be a CRYPTO GAMBLER? Join us to see our opinions on this controversial phenomenon...Follow us on twitter @cryptokingspod & on Instagram @cryptokingspodcast and we will literally air drop you APE COIN if you post your APE COIN address in a comment. Like, Follow, Enjoy!

The Future of Money
Commentary - What You Need to Know About Celsius Pausing All Withdrawals From the Platform

The Future of Money

Play Episode Listen Later Jun 16, 2022 5:43


Latest Crypto Capsule Commentary on the 3 things that I am watching now following Celsius pausing withdrawals this week. In short: - increased transparency by crypto lending platforms? - contagion risk to some peers? - actions by policy makers and regulators? Powered by CoinFLEX. CoinFLEX.US is the first and only crypto exchange to offer flexUSD – an interest-earning stablecoin – and zero-fee trading. flexUSD pays interest on-chain every 8 hours directly into the user's wallet with no staking required.  Check out the link to learn more Sign up here: trade.coinflex.us/Henri

Tech Path Podcast
640. Is Tron USDD The Next Terra UST? | Tether & USDC Stablecoin Analysis

Tech Path Podcast

Play Episode Listen Later Jun 16, 2022 39:35


Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed along with the entire Terra (LUNA) ecosystem, wiping out $40 billion in crypto market capitalization. Prior to the UST meltdown, the Tron decentralized autonomous organization worked in conjunction with other blockchains to launch Decentralized USD, which bills itself as “over-collateralized decentralized stablecoin.” On Monday, USDD lost that peg, dropping to the $0.979 range. On this episode, we're taking a look at USDD & Tether vs. USDC.#crypto #stablecoin #bitcoin ~Is Tron USDD The Next Terra UST? | Tether & USDC Stablecoin Analysis~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook

Uncle Jim’s World of Bonds
Bondmageddon Continues.

Uncle Jim’s World of Bonds

Play Episode Listen Later Jun 15, 2022 12:04


5 days in a row of rising UST yields and credit is widening daily too.

Le Mug Nowtech (Replay Officiel)
Une IA de Google consciente ? #CryptoCrash #LaMDA #Meta etc.

Le Mug Nowtech (Replay Officiel)

Play Episode Listen Later Jun 14, 2022 87:12


Le Guide de Survie sur Twitch : http://bit.ly/nowtechteam Sommaire Le Mug Nowtech : 00:00:00 Début du stream 00:08:39 Le Kawa 00:09:01 Jusqu'où la dégringolade du bitcoin va-t-elle nous emmener ? 00:13:51 Binance US poursuivi pour avoir promu et vendu UST et LUNA 00:22:52 Pourquoi êtes-vous harcelé par les arnaques au CPF ? 00:35:00 Internet Explorer meurt ce mercredi 00:41:52 Meta lance une académie du métavers 00:54:19 Google licencie un ingénieur 01:01:17 Elon Musk s'adressera au personnel de Twitter 01:05:47 Les corn FAQ #LeMugNowtech est une émission quotidienne qui parle de technologie. C'est une revue de presse des meilleurs articles que nous retenons sur nos Flipboards. Elle est enregistrée en Live à 08h00 (heure de Paris) tous les matins de la semaine. #LeMugNowtech c'est du lundi au vendredi sur la chaîne Twitch NowtechTeam : https://www.twitch.tv/nowtechteam/ ●♦● ABONNEZ-VOUS à nos chaînes ●♦● ►Nowtech Replay : http://bit.ly/2weGg0f Replay des lives Twitch de NowtechTeam ►Nowtech : http://bit.ly/19lUGZZ Tests vidéo d'applications mobiles et tech. ►Twitch NowtechTeam : https://www.twitch.tv/nowtechteam/ Gaming, Revue de presse Tech, Unboxings, Q&A etc... ●♦● SOUTENEZ LA CHAÎNE ●♦● ►En contribuant financièrement : https://www.patreon.com/nowtech ►En devenant Sponsors de la chaîne principale : https://www.youtube.com/channel/UCVwG9JHqGLfEO-4TkF-lf2g/join ►Sub Twitch NowtechQG : https://www.twitch.tv/products/nowtechteam ►En devenant bénévole : benevoles.nowtech@gmail.com ►D'autres façons de nous soutenir : http://nowtech.news/soutenir-nowtechtv/ ►Lien de la boutique Nowtech sur Teespring : https://teespring.com/fr/stores/nowtech-2 ↓ PLUS D'INFOS ↓ ------------ Nos Flipboards --------------------------------------------------------- ►nowtech.tv : https://flipboard.com/@jkeinborg/nowtechtv-ogcbmgbby ►SHOOT : https://flipboard.com/@jkeinborg/nowtechtv-shoot-p3e5vba1y ------------ Suivez NowTech ---------------------------------------------------- ►Lien Instagram de Nowtech : https://www.instagram.com/nowtechteam/ ►Twitter : https://twitter.com/NowtechTeam ►Facebook : https://www.facebook.com/NowtechTeam ►Site Web : http://nowtech.news ►Discord Nowtech : https://bit.ly/nowtechDiscord ►►► EN LIVE tous les matins sur la Chaîne ! Nowtech, chaîne indépendante de tests d'applications mobile et de Tech, est présentée par des passionnés qui partagent leurs avis, astuces et conseils. L'idée derrière Nowtech, c'est de vous offrir des tests soignés et divertissants, pas forcément liés à l'actualité et aux nouveautés, mais avec un vrai ton « homemade ». Nous pensons fondamentalement qu'il est important, en tant que consommateurs, qu'un maximum de personnes s'expriment sur les produits et nous avons voulu apporter notre pierre à l'édifice.

Inside Crypto
The Collapse and Rebirth of Terra with Tom Wan (Research Analyst)

Inside Crypto

Play Episode Listen Later Jun 13, 2022 33:54


Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we catch up with  Tom Yin, one of the newest research analysts at 21Shares. He recently published an fascinating article about the collapse and rebirth of Terra. We are going to explore the article and ask some follow up questions that many of you have been asking. Welcome to the seventy-second episode of the Inside Crypto Podcast. This episode was recorded on June 14th 2022. Today we dive into all things Terra, from the crash of LUNAC to the launch of the new chain LUNA. We go through some of the recent rumors and reflect on what is to come in the future. I also would like to thank my employer Amun Tokens for making podcasts like this happen. Please don't forget to check us out and our products at tokens.amun.com.  Thanks everyone for listening and don't forget to tune in next week where we interview someone else in the cryptocurrency universe. Topics Covered Today: Before we dive into the guts of today's story, why don't you give our listeners and viewers some background on Terra, LUNA, USTC and LUNAC Why do you think everything happened the way it did? Do you believe the rumors that this whole situation was premeditated? So Terra has a new chain without UST. What are the prospects for this chain? What about LUNAC, does it have a place in the current market? If you had to look into the future. Do you think both of these ecosystem can exist peacefully? Are we going to be in a ETH and ETC situation? What are the lessons to learned from: The retail consumer The institution Lots of crypto personalities said what Terraform Labs did wasn't bad. It was a good to learn that we aren't in a place for an algorithmic stablecoin just yet. Do you agree with that? So Tom, before we end today's show. I thought we might want to discuss some of the latest information that has come to light with regards to Terra. Some of it is just speculation at this point but I wanted to get your take on it. Terra employees reportedly confirmed to the SEC that Do Kwon cashed out $80 million a month prior to the $LUNA and $UST crash. Terraform Labs has been accused of owning shadow wallets South Korea, Singapore and India are investigating Terraform labs Do you expect these investigations to yield any results? Follow Us On: https://21shares.com/research/collapse-rebirth-terra/ (Tom's Article) http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email Tom's Links: https://twitter.com/tomwanhh (Twitter:) https://www.linkedin.com/in/tomwan/ (LinkedIn:)

Crypto And Things
How Safe Are Stablecoins Part 2 – Algorithmic Coins #EP523

Crypto And Things

Play Episode Listen Later Jun 10, 2022 37:20


The question we aim to answer today is how safe & stable are stablecoins? Let's dive into some failed examples of algorithmic stablecoins like UST, Basis Cash, and IRON and some new ones like USDD from Tron.

Bitcoin Audible (previously the cryptoconomy)
Read_629 - On Impossible Things Before Breakfast [NYDIG]

Bitcoin Audible (previously the cryptoconomy)

Play Episode Listen Later Jun 8, 2022 93:57


"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever reason, experienced one of its periodic external shocks that skyrockets immediate demand for actual US dollar liquidity, UST investors would demand USD liquidity faster than the brittle and fundamentally flawed Terra ecosystem could provide. At some point, one UST would be worth materially less than one USD, further rattling investors and kicking off a classic bank run. Worse, with algorithmic certainty, the UST bank run would be accelerated by a corresponding hyperinflation in LUNA." - Ross Stevens, Nic Carter, Allen Farrington "A post-mortem on Terra, a pre-mortem on DeFi, and a glimpse of the madness to come." Another amazing piece from NYDIG, this one detailing out the inevitable collapse of TerraUSD/LUNA algorithmic stablecoins, and a warning about the fragility and leverage that threatens the same end for the DeFi ecosystem, to follow up with the exciting things being built on top of the Bitcoin and Lightning network stack. Dont miss this one. Some great previous reads for digging further into the ideas covered in the show: Shelling Out: The Origins of Money - https://bitcoinaudible.com/reboot-shelling-out-the-origins-of-money-nick-szabo/ Only the Strong Survive - https://open.spotify.com/episode/7u8mzgKk1nQcwpz9EjIiet?si=1b5c0272a08c4f0a Time Value of Bitcoin - https://bitcoinaudible.com/the-time-value-of-bitcoin/ For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Thought Leader Revolution Podcast | 10X Your Impact, Your Income & Your Influence
EP370: Peter Ratnikov - What The Future Of Crypto Means For You & Your Business

The Thought Leader Revolution Podcast | 10X Your Impact, Your Income & Your Influence

Play Episode Listen Later Jun 7, 2022 68:25


“This is the single greatest dislocation of wealth in the history of mankind.” - Brian Rose, London Real Despite blips and setbacks, Crypto keeps gaining momentum. More communities are recognizing the benefits that a decentralized currency offers, especially in light of the trend toward a fully digitized lifestyle. Businesses and individuals are having to consider what impact cryptocurrency will have on them in the future and if they should prepare. Peter Ratnikov is a cryptocurrency expert and a repeat guest who's already shared a wealth of cryptocurrency knowledge in episode 364. He's here today to tell us about what's happening now and what we can expect for the future of crypto. Expert action steps: Use Bitcoin. Get on a call with Peter and he'll walk you through the basics. Share whatever cryptocurrency knowledge you have with others so they can benefit too. Keep your mind open to future advancements in this technology.   You can book a call or contact Peter directly from his website, peterratnikon.com. To dive deeper into crypto, visit cryptolife.to to watch the Crypto Life documentary. Visit eCircleAcademy.com and book a success call with Nicky to take your practice to the next level.

What Bitcoin Did
A Lesson in Bitcoin Volatility with Dan McArdle

What Bitcoin Did

Play Episode Listen Later Jun 6, 2022 82:18


“Picking the highs and lows is an impossible game, so I think the best advice for people is: know what you own and why you own it.”— Dan McArdleDan McArdle is co-founder of Messari Crypto and creator of casebitcoin.com. Dan has been in Bitcoin since 2011. In this interview, we discuss the history of Bitcoin cycles and events: Mt. Gox hack, rise of altcoins and stablecoins, Ethereum DAO Hack, and 2017 Bitcoin cycle. - - - - Bitcoin is volatile: its history has been dominated by large swings in both directions; albeit, Bitcoin is volatile to the upside: in 10 years it is up well over 500,000%! But, in each cycle, new adopters can be forgiven for thinking they're in the cycle that finally breaks the pattern. It is easy to question the investment when seeing the value drop by 80% for the first time. This is where experience is vital. Each cycle has seen events that have had the potential to destroy Bitcoin. Exchange hacks and exploits, the proliferation of competing coins with marketing buzz aimed at attacking Bitcoin, the realisation of altcoin failings, scams, bans, FUD. The most recent has been the UST and Luna crash. Each one destroys confidence and value. Yet, the one thing the critiques fail to mention is that each of these events has been external to Bitcoin. Each event has highlighted weaknesses in innovations in the ecosystem that has developed around Bitcoin. But Bitcoin has remained secure - the protocol itself has not been hacked. In fact, the “move slow and build things” ethos has strengthened through each event. This is why long term hodlers who have served one “tour of duty” (a four year Bitcoin cycle) are more inured to Bitcoin's volatility. They have experienced Bitcoin being declared dead, only to reemerge stronger and more resilient. What hurts you can make you stronger. To look forward and speculate about the future it is therefore important to look back and see where we've been. Many believe Bitcoin is a paradigm shift not just because of ideology, but because the technology has been repeatedly tested and passed. That's why it is being considered as an emerging global macro asset. This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesBitcasino - The Future of Gaming is hereCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingCake Wallet - Open-source privacy focused Bitcoin walletBCB Group - Global digital financial Services-----WBD510 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

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Digital Cash Network
Digital Cash Rundown 74 with Chuck Williams: Terra 2.0 Launches, Kraken Says Altcoins "Pay the Bills"

Digital Cash Network

Play Episode Listen Later Jun 5, 2022 55:28


The incomparable Chuck Williams of Flote comes back on the Digital Cash Rundown to talk all things crypto, including of course the Terra 2.0 launch/relaunch, and what value proposition remains after the death of its stablecoin offering, UST. We also go into the crypto bear market causing layoffs from many major companies, as well as Kraken stating the obvious to Bitcoin purists that altcoin trading is what actually pays the bills. Finally we touch on Japan finally leading the way in regulating stablecoins. Donate - Sponsors Thank you so much for listening! Please leave a tip if you enjoy the content, either here or via any of the cryptocurrency addresses in my CoinTree link. You can also send a message with a CoinTree donation. I'd love to hear from you! Thanks to my recurring donors both anonymous and otherwise! - https://cointr.ee/thedesertlynx Support us by checking out our sponsors! Want to live on crypto? Create a Bitrefill account with the coupon code “DCN” and pay mobile bills or buy gift cards from more than 1650 businesses in 170 countries quickly and privately, and earn rewards. - https://www.bitrefill.com/buy/?code=DCN Buy anything you want in the world, even rare items, with crypto by using ShopInBit's concierge service. - https://shopinbit.com/en/conciergeservice-ordering-service?sPartner=joel If you're tired of YouTube and other platforms censoring and demonetizing creators, what are you waiting for? Join Odysee! - https://odysee.com/$/invite/@DigitalCashNetwork:c Protect your privacy online, sign up to NordVPN with the promo code DCN and get 68% off, plus an additional month free! - https://nordvpn.org/dcn If don't want search engines like Google controlling your search results and selling your information, join Presearch and get paid to search! - https://presearch.org/signup?rid=865012 Music from https://www.zapsplat.com

DEFI TIMES - Bitcoin, DeFi & NFT News
Cosmos Predictions with Cryptocito, Danku & Liam Connor

DEFI TIMES - Bitcoin, DeFi & NFT News

Play Episode Listen Later Jun 4, 2022 85:42


The Terra drama affected the whole crypto industry but especially Cosmos. $UST and $LUNA were omnipresent in the interchain. That said, many investors got rekt. But also the macroeconomic situation is difficult! So, what is to expect in the interchain in the next couple of months? This is what Juri Maibaum discussed with Cryptocito, Danku, and Liam from Confident in Crypto FRENS VALIDATOR: https://frens.army/ FOLLOW DANKU: https://twitter.com/danku_r  FOLLOW LIAM: https://twitter.com/L1am_Crypto  FOLLOW CRYPTOCITO: https://twitter.com/Cryptocito  FOLLOW JURI: https://twitter.com/jurimaibaum - - - - DISCLAIMER All information presented in this podcast is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This podcast's content solely reflects the opinion of the producer, who is not a financial advisor. Investing in cryptocurrencies is risky!

Thinking Crypto Interviews & News
Biden's Bitcoin Mining Regulation - Winklevoss Twins CFTC Lawsuit - Do Kwon Prison Terra Luna

Thinking Crypto Interviews & News

Play Episode Listen Later Jun 3, 2022 19:17


President Biden and the White House is drafting policy to address Bitcoin mining as it seeks to lessen energy consumption and emissions. Bitcoin miner Bitzero has announced plans to build a $500 million facility in North Dakota. Kenya's largest electricity producer to offer surplus power to Bitcoin miners. Gemini and Winklevoss Twins lied to regulators about giving market makers rebates, according to CFTC. Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely. Sponsor

TerraSpaces
Osmosis Updates from the Lab

TerraSpaces

Play Episode Listen Later Jun 1, 2022 87:10


Today on the Ether we have some updates from the lab with Osmosis. You'll hear from Sunny Aggarwal, Kevin Dizzle, José Maria Macedo, Larry, Hero, Xulian, NikkoWhyy, Monkey Foxchild.UST, and more! Recorded on June 1st 2022. If you enjoy the music at the end of the episodes, you can find the albums streaming on Spotify, and the rest of your favorite streaming platforms. Check out Project Survival, Virus Diaries, and Plan B wherever you get your music. Thank you to everyone in the community who supports TerraSpaces.

What Bitcoin Did
Why Terra Luna Collapsed with Jonathan Wu

What Bitcoin Did

Play Episode Listen Later Jun 1, 2022 74:35


“The larger these stable coins are, the more adoption there is, and the more stable they're likely to be. But then the worse and more contagious the effect is if it fails. It's almost like you have to be really big, in order for it to be stable. But once you get that big, the cost of failure is immense.”— Jonathan WuJonathan Wu is head of growth at Aztec network. In this interview, we pick over what happened when the stablecoin UST crashed, how it linked to the Terra blockchain and Luna governance token, the issues with recursive lending, and the need for financial disclosure in the industry.- - - - Stablecoins have provided financial sovereignty for millions who have been failed by their financial institutions and want predictable value in a currency. So, the failure of a stablecoin that had been financially backed by some of the biggest investors in DeFi has been particularly traumatic for many investors. Unlike some stablecoins, UST, native stablecoin of the Terra Blockchain, was under collateralized i.e. it wasn't backed by another asset. Maintaining its peg to the dollar was (theoretically) stabilized algorithmically: linkage of UST to a governance token, Luna, and a complex dance of creation and burning of both of these coins. In theory, this enabled UST to remain decentralized. In practice, there were some inherent weaknesses in the process. Not only was the stablecoin designed to be a payments rail, but the governance token, Luna, could be staked to derive yield. It was accepted by lending protocols that allowed for recursive lending (rehypothecation), an activity raised as a significant risk to DeFi by many critics of yield farming (e.g. Allen Farrington). Then the house of cards started to crumble. Or, as Jonathan describes it: the death spiral began. The result was a quick unravelling of an asset, which had had a market cap of over $18 billion. An asset that many investors believed, wrongly, was devoid of the risks associated with altcoins. An asset now with an effective value of zero.The story involves large profits being made by major investors, a CEO who overplayed his hand and got some major calls wrong, some shady characters in the DeFi lending ecosystem, complex strategies not many understand, and a lot of people who could ill afford to lose their investments getting seriously burned. The critical issue is this again places Bitcoin in a bind. Its price was directly affected, but its reputation suffers: retail investors are warier to adopt, and regulators are more empowered to pounce. There is a lot for the industry to learn, and learn quickly. The stakes are currently stacked unfairly, and it's the same people who end up losing.This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingLVL - Bank on BitcoinBCB Group - Global digital financial Services-----WBD508 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

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Securitization Insight
Ep 19 - Securitization, blockchain and DeFi: How they fit together

Securitization Insight

Play Episode Listen Later May 31, 2022 16:06


Lewis Cohen, co-founder of DLx Law, joins Patrick Dolan to discuss blockchain technology, securitization, decentralized finance and more. Lewis provides an overview of blockchain technology for listeners new to the topic, and addresses how to move from securitization in to the world of blockchain, the idea of “permissioned” blockchains, the recent implosion of major “stablecoin” UST and what it means for the future of securitization and blockchain and the relevance of decentralized finance to securitization.

Unchained: Your No-Hype Resource for All Things Crypto
Hester Peirce's Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF - Ep.356

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later May 27, 2022 35:33


Coy Garrison, former counsel to SEC Commissioner Hester Pierce and partner at Steptoe & Johnson, discusses the role of regulation in the crypto industry and what the SEC could be doing to make crypto a better space. Show notes: how Coy started working with crypto why Coy decided to leave the SEC why recent comments by SEC chair Gary Gensler made him hopeful in how the SEC approaches crypto how the crypto industry has grown and evolved over the years whether the regulations are impeding innovation in the crypto space how stablecoins should be regulated what Coy thinks about the UST collapse what is the SEC's take on decentralization whether ETH is centralized and whether it is a commodity  why the SEC has not approved a BTC spot ETF   Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021    Coinchange: https://coinchange.io  Ava Labs: https://avax.network The Graph: https://thegraph.com/graph-day   EPISODE LINKS Coy Garrison Linkedin: https://www.linkedin.com/in/coygarrison/   Steptoe & Johnson: https://www.steptoe.com/en/   Previous coverage of Unchained on regulation: Why the SEC's Proposed Rules Affecting DeFi Could Violate the First Amendment: https://unchainedpodcast.com/why-the-secs-proposed-rules-affecting-defi-could-violate-the-first-amendment/ Why Crypto Twitter's Disrespect Toward Regulators Is a ‘Really Bad Business Decision': https://unchainedpodcast.com/why-crypto-twitters-disrespect-toward-regulators-is-a-really-bad-business-decision/ Can a DeF Smart Contract Be Regulated? Two CFTC Commissioners Discuss: https://unchainedpodcast.com/can-a-defi-smart-contract-be-regulated-two-cftc-commissioners-discuss/ Terra/Luna:  Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed: https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/ Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral?: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ The Chopping Block: Kevin Zhou on Why He Knew Terra Would Crash: https://unchainedpodcast.com/the-chopping-block-kevin-zhou-on-why-he-knew-terra-would-crash/ The 5 Biggest Lessons From Terra/Luna's Collapse, According to Tascha Che:  https://unchainedpodcast.com/the-5-biggest-lessons-from-terra-lunas-collapse-according-to-tascha-che/ Here's Why USDN De-Pegged From the Dollar – And Why UST Might Too: https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/   Bitcoin Futures ETF vs Spot ETF: https://medium.com/@laurashin/why-investment-experts-say-a-spot-bitcoin-etf-would-be-superior-to-bitcoin-futures-etfs-aaab862262ff  

Markets Daily Crypto Roundup
Crypto Update 5/25/22 | There Was No Terra ‘Attack'

Markets Daily Crypto Roundup

Play Episode Listen Later May 25, 2022 24:33


With bitcoin seemingly unable to break above the $30,000 threshold, plus a look at the suspects in the cast of the UST collapse, CoinDesk's "Markets Daily" is back with the latest news roundup.This episode is sponsored by Kava and BCB Group.Today's Stories...Read the full show notes here.Featured Story: There Was No Terra ‘Attack'This episode was edited & produced by Adrian Blust with original music by Adrian Blust & Colin Mealey-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world's biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi's most trusted, scalable and secure earning platform with kava.io.-BCB Group is the leading business banking partner for the digital assets industry. We provide the rails to move money and a gateway for crypto to FX markets at scale. Our mission is to connect and bank the global crypto industry. Find out more by visiting bcbgroup.com/coindesk.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, TX. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MarketsDaily15 to get 15% off your pass at www.coindesk.com/consensus2022.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Big Swinging Decks
Ep. 20: The current state of crypto / stable coins??

Big Swinging Decks

Play Episode Listen Later May 25, 2022 66:44


Pop off your f1 key and tune into Lit and Mark chatting about the current state of crypto with Mark and Leslie Lamb of CoinFLEX.US. The duo talks about what actually went on with UST, Terra, and Luna - and how we should be thinking about stable coins a well as a the current state of crypto.  The BSD Podcast is proudly presented by CoinFLEX.US, the home of flexUSD - America's first interest earning stablecoin. Earn and trade crypto on CoinFLEX.US with zero fees using the link: coinflex.us/bigswingingdecks This podcast was made possible through their support, so make sure to follow 'em on their socials below: Twitter: https://twitter.com/CoinFLEX_US Telegram: https://t.me/CoinFLEX_US Discord: https://discord.gg/A8je7B2yxy LinkedIn: https://www.linkedin.com/company/coinflex Litquidity IG: @litquidity https://litquidity.co/ Mark Moran IG: @itsmarkmoran  This is a Redd Rock Music Podcast IG: @reddrockmusic www.reddrockmusic.com

Thoughts on the Market
Sheena Shah: What is Causing the Crypto Downturn?

Thoughts on the Market

Play Episode Listen Later May 24, 2022 3:55


So far this year cryptocurrencies have been on a swift downturn, increasingly in line with equity market moves. What's behind this correlation? And what should investors watch out for next?Digital assets, sometimes known as cryptocurrency, are a digital representation of a value that function as a medium of exchange, a unit of account, or a store of value, but generally do not have legal tender status. Digital assets have no intrinsic value and there is no investment underlying digital assets. The value of digital assets is derived by market forces of supply and demand, and is therefore more volatile than traditional currencies' value. Investing in digital assets is risky, and transacting in digital assets carries various risks, including but not limited to fraud, theft, market volatility, market manipulation, and cybersecurity failures—such as the risk of hacking, theft, programming bugs, and accidental loss. Additionally, there is no guarantee that any entity that currently accepts digital assets as payment will do so in the future. The volatility and unpredictability of the price of digital assets may lead to significant and immediate losses. It may not be possible to liquidate a digital assets position in a timely manner at a reasonable price.Regulation of digital assets continues to develop globally and, as such, federal, state, or foreign governments may restrict the use and exchange of any or all digital assets, further contributing to their volatility. Digital assets stored online are not insured and do not have the same protections or safeguards of bank deposits in the US or other jurisdictions. Digital assets can be exchanged for US dollars or other currencies, but are not generally backed nor supported by any government or central bank.Before purchasing, investors should note that risks applicable to one digital asset may not be the same risks applicable to other forms of digital assets. Markets and exchanges for digital assets are not currently regulated in the same manner and do not provide the customer protections available in equities, fixed income, options, futures, commodities or foreign exchange markets.Morgan Stanley and its affiliates do business that may relate to some of the digital assets or other related products discussed in Morgan Stanley Research. These could include market making, providing liquidity, fund management, commercial banking, extension of credit, investment services and investment banking.-----Transcript-----Welcome to Thoughts on the Market. I'm Sheena Shah, Lead Cryptocurrency Strategist for Morgan Stanley Research. Along with my colleagues bringing you a variety of perspectives, today I will be talking about the crypto bear market. It's Tuesday, May 24th, at 2 p.m. in London. Bitcoin is down 55% from its November 2021 high, and currently trades at around $30,000. Over that same period, crypto market capitalization has lost over $1 trillion. All the while, Bitcoin's correlation with the equity markets has risen to new highs. So what is going on? Who is selling and what should we watch out for next? In 2018, retail investors were dominant in crypto markets, participating in 80% of trading volumes on Coinbase, the large crypto exchange. Today, the story couldn't be more different, with only 1/4 of trading volumes on Coinbase being with retail investors. Institutions, and more specifically crypto institutions, appear to have taken over, many of which are simply trading with each other. We think retail investors are more likely to buy and hold, but institutional investors are willing to both buy and sell crypto, if it means they can make a return. And because institutional investors are sensitive to the availability of capital and therefore interest rates, they trade crypto somewhat in sympathy with the way equities are traded. This shift in the type of market participant is key to understanding why crypto markets are selling off at the same time as the equity markets are experiencing a downturn. Cryptocurrency prices rose rapidly in 2020 and 2021, attracting a new set of investors. Bitcoin rose 10x from March 2020 to its first peak in April 2021. Ether, the second largest crypto, rose even more, over 40x in a similar period. The stimulus provided by central banks and governments throughout the pandemic was the key driver of the crypto bull market. As the Federal Reserve indicated late last year that it plans to raise interest rates and reduce the size of its balance sheet, crypto markets began to weaken. The downturn is now starting to have a broader impact on the crypto ecosystem. In mid-May a stablecoin called Terra Dollar, or UST, lost its peg to the U.S. dollar, which meant it was no longer trading at $1 USD and instead trades closer to $0 USD. UST lost its peg as it was backed by cryptocurrencies, which themselves were losing value, and because market makers no longer trusted the ability of the stablecoin to retain its dollar peg. There was a negative spillover into Bitcoin and other cryptos, with the largest stablecoin called Tether briefly losing its dollar peg intraday. Tether is the other side of half of all bitcoin traded on exchanges, so its stability is extremely important for the broader crypto market. The dollar asset reserves that backed Tether will continue to be scrutinized and questioned by market participants. Stablecoins are used to create leverage in decentralized finance crypto systems, and that leverage is now falling as crypto traders, that may have bought Bitcoin or other cryptos, have faced margin calls. In general, the elevated prices were traded on speculation, with limited real user demand. NFT and digital land prices are next areas to watch. Of course, many are looking for signs of a market turnaround. The retail investors may have been outnumbered by institutions, but they haven't gone away. The downturn may continue if central banks persist in their policy of tightening, but the strong hands of these retail investors have historically served as a support to falling prices. Thank you for listening. If you enjoy thoughts on the market, share this and other episodes with a friend or colleague today.

The Thought Leader Revolution Podcast | 10X Your Impact, Your Income & Your Influence
EP366: Ollie El Gorr - How To Thrive In Bear Markets

The Thought Leader Revolution Podcast | 10X Your Impact, Your Income & Your Influence

Play Episode Listen Later May 24, 2022 49:31


Investing takes education and patience, especially in this new world of cryptocurrency technology. History has shown that all new technologies will have ups and downs on their way to stabilizing and the recent crash of Terra Luna crypto is an opportunity to step back, be patient and educate yourself. Expert action steps Develop a healthy coping mechanism for when markets are in flux. Educate yourself on crypto and the market. Be honest with yourself about your own time horizon and risk tolerance. Be careful.   Many investing and crypto resources can be found at freemanpublications.com, where you can join a free masterclass, purchase any of several books and register for other courses. Visit eCircleAcademy.com and book a success call with Nicky to take your practice to the next level.

Unchained: Your No-Hype Resource for All Things Crypto
Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later May 24, 2022 85:35


Cobie, co-founder of Lido and UpOnlyTv, and Chris Burniske, partner at Placeholder Ventures, talk about surviving a crypto bear market, the Terra collapse, lessons they've learned from their mistakes, and much more. Show highlights: whether Chris and Cobie think crypto is in a bear market why Chris says these are the times to buy what effect the Terra debacle will have on the crypto industry why Chris was expecting UST to blow up why Chris thinks there is going to be another massive liquidation event whether an algo stablecoin could work why bear markets are sometimes a good thing how USDT was stress tested and proved its resilience how macro is affecting the crypto space and what the role of the Fed is when will we see the bottom of this bear market how meme coins are the symptoms of a broken system why this crypto cycle is different whether regulations are helping VCs rather than the retail investors why risky assets are the ones that could increase 10,000x  whether the future of crypto is multichain or not how developers signal what ecosystem is going to win in the next expansion cycle whether Cobie thinks staking is dying how Chris judges market bottoms and tops what lessons Cobie and Chris have learned from their mistakes what innovations will catalyze the next bull cycle what needs to happen in the future for crypto to succeed Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Cross River Bank: https://crossriver.com/crypto Beefy Finance: https://beefy.finance     Episode Links   Cobie Twitter: https://twitter.com/cobie  UpOnlyTv: https://uponly.tv/ Substack: https://cobie.substack.com/ L1 trading: https://cobie.substack.com/p/trading-the-metagame?s=r Death of staking: https://cobie.substack.com/p/apecoin-and-the-death-of-staking?s=r Token unlocks: https://cobie.substack.com/p/on-the-meme-of-market-caps-and-unlocks?s=r Cycle Tweets: Why “the next cycle” reasoning scares him https://twitter.com/cobie/status/1524965475813568512 What projects will survive the bear https://twitter.com/cobie/status/1469253171885318146 His call to “buy” on March 12 2020 https://twitter.com/cobie/status/1238282793244860417 Which VCs will win https://twitter.com/cobie/status/1515667977118826500    Chris Burniske LinkedIn https://www.linkedin.com/in/burniske/ Twitter https://twitter.com/cburniske Previous Unchained episode https://unchainedpodcast.com/chris-burniske-a-blank-slate-of-state/ https://unchainedpodcast.com/chris-burniske-of-placeholder-on-the-downsides-of-icos/ https://unchainedpodcast.com/want-to-diversify-your-portfolio-try-bitcoin-say-arks-chris-burniske-and-coinbases-adam-white/ https://unchainedpodcast.com/how-to-value-a-crypto-asset/ Cycle Tweets Feb 2022 bear call https://twitter.com/cburniske/status/1495468570708426754 March 2022 bear call https://twitter.com/cburniske/status/1523021991619428352  November 2021 top call https://twitter.com/cburniske/status/1457884538806308868  DCA advice https://twitter.com/cburniske/status/1525906152881459200 https://twitter.com/cburniske/status/1500593438433021952  What could knock the market further down https://twitter.com/cburniske/status/1525157945079496705 https://twitter.com/cburniske/status/1524260987787902978  2017 ATH calls https://twitter.com/cburniske/status/1524838447784947712 https://twitter.com/cburniske/status/1524524188366635008  Trying to time the bottom https://twitter.com/cburniske/status/1523573129431240710  Chris x Cobie Luna https://twitter.com/cburniske/status/1524280637431164929  Feeling sorry for people who have lost $ https://twitter.com/cburniske/status/1524267901456248832   Bear Market Content Dragonfly https://medium.com/dragonfly-research/to-all-dragonfly-founders-and-friends-1a65e68093d4 Sequoia advice ​​https://twitter.com/michellebailhe/status/1526373376142348288  Arthur Hayes buying BTC at $20K in wake of Terra https://entrepreneurshandbook.co/luna-brothers-inc-712ec5abe199 Financial comeuppance https://cryptohayes.medium.com/annihilation-4effdaf3c73f Paradigm (surviving crypto cycles) https://www.paradigm.xyz/2021/03/surviving-crypto-cycles Zhu Su on being a better role model for retail https://twitter.com/zhusu/status/1525045033216397312 Nick Tomaino on stopping relentless shilling https://twitter.com/NTmoney/status/1525234408910987264 Lot's of talk about “suicide” in context of LUNA https://bitcoinist.com/luna-investors-suicidal-after-cryptos-collapse/ Helping smaller LUNA wallets first https://twitter.com/VitalikButerin/status/1525561624974700545  Punk6529 on surviving the bear market https://twitter.com/punk6529/status/1525565876711444484  Ian from Syndicate DAO on previous cycles https://twitter.com/ianDAOs/status/1524613312582799360  Best website for looking at token performance https://cryptorank.io/performance   Chris Burniske: Twitter: https://twitter.com/cburniske Placeholder VC: https://www.placeholder.vc/ Previous Unchained Coverage on Terra  Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/  Do Kwon on backing UST with BTC ​​https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/  Jon Wu on how Terra got depegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Do Kwon on The Chopping Block https://www.youtube.com/watch?v=0xl8u7-KVwM 

The Bitboy Crypto Podcast
DEVASTATING TRUTH Behind The TERRA CRASH!!

The Bitboy Crypto Podcast

Play Episode Listen Later May 23, 2022 13:41


We've never seen a fall from grace quite like LUNA, whose price now sits below a fraction of a penny. In this video, I take a look at the Terra LUNA crash and TerraUSD's downfall. I'll break down what led to the Terra crash and who could be behind it. I'll explain the rise of Terra founder Do Kwon and how Terra and its UST stablecoin were built. Then I'll get into the gritty details of the collapse of everything in Terra's ecosystem. Stay tuned for the latest Terra LUNA theories and the hard evidence.

Long Reads Live
5 Key Takeaways From a16z's State of Crypto Report

Long Reads Live

Play Episode Listen Later May 21, 2022 16:24


Venture giant Andreessen Horowitz (a16z) recently published its inaugural "State of Crypto" report. In this edition of the “Weekly Recap,” NLW looks at five key takeaways from the research as well as UST-luna investor postmortems.  - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.  - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: ChakisAtelier/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Late Confirmation by CoinDesk
BREAKDOWN: 5 Key Takeaways From a16z's State of Crypto Report

Late Confirmation by CoinDesk

Play Episode Listen Later May 21, 2022 16:23


The firm is extremely bullish on Web 3. This episode is sponsored by Nexo.io, NEAR and FTX US. Venture giant Andreessen Horowitz (a16z) recently published its inaugural "State of Crypto" report. In this edition of the “Weekly Recap,” NLW looks at five key takeaways from the research as well as UST-luna investor postmortems. -Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. -NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: ChakisAtelier/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

POP
Understanding the Downturn and the UST Depeg

POP

Play Episode Listen Later May 20, 2022 39:03


Last week, the crypto industries witnessed a calamitous event regarding the currencies Luna and UST. In this episode, Graham and Bryan explain what happened and what we think it means for the space. 

Unchained: Your No-Hype Resource for All Things Crypto
The 5 Biggest Lessons From Terra/Luna's Collapse, According to Tascha Che - Ep.354

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later May 20, 2022 39:11


Tascha Che, founder of Tascha Labs, unpacks the Terra/Luna debacle and reveals what she believes are the five main takeaways from its collapse. Here are some highlights from the show: how stablecoin issuers make money what caused Terra's downfall why Tascha is bullish on algo stablecoins whether she believes undercollateralized stablecoins can work how fast market cap expansion without actual network effect equals death for stablecoins why she doesn't believe a stablecoin's network effects mean much for its success why small(er) stablecoins are better how blockchains mirror national economies  which stablecoins is Tascha excited about how FRAX is a stablecoin that resembles fiat currencies whether the UST collapse will affect the stablecoin development and further regulation how cross-chain agreements would be helpful for the stability of the crypto ecosystem Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021       Coinchange: https://coinchange.io  The Graph: https://thegraph.com/graphday    Episode Links   Tascha Che Twitter:  https://twitter.com/TaschaLabs Tascha Labs:  https://taschalabs.com/  Tascha's thread on nonobvious lessons from the Terra fallout:  https://twitter.com/TaschaLabs/status/1526276308119932928?s=20&t=SCxfocBJoQqTEvCHadjYxA

The tastytrade network
Alpha Bytes - May 19, 2022 - Algorithmic Stablecoins – Digital Dollars?

The tastytrade network

Play Episode Listen Later May 19, 2022 24:28


With a combined market cap of over $150 billion, stablecoins are becoming an important piece of the digital asset market. While they come in many different varieties, such as fiat-backed or crypto-backed, on today's episode of Alpha Bytes, we will dive into the algorithmic stablecoins. Tom, Tony, and Eddie will discuss what they are, the potential risks associated with them, and what exactly happened to the largest algorithmic stablecoin, Terra's UST. If you have requests for any topics, reach out to Julia (@FinancePhoton) or Eddie (@ERajcevic11) on Twitter! You can also submit ideas through this form: https://www.tastytrade.com/alpha-bytes-topics.

The tastytrade network
Alpha Bytes - May 19, 2022 - Algorithmic Stablecoins – Digital Dollars?

The tastytrade network

Play Episode Listen Later May 19, 2022 23:37


With a combined market cap of over $150 billion, stablecoins are becoming an important piece of the digital asset market. While they come in many different varieties, such as fiat-backed or crypto-backed, on today's episode of Alpha Bytes, we will dive into the algorithmic stablecoins. Tom, Tony, and Eddie will discuss what they are, the potential risks associated with them, and what exactly happened to the largest algorithmic stablecoin, Terra's UST. If you have requests for any topics, reach out to Julia (@FinancePhoton) or Eddie (@ERajcevic11) on Twitter! You can also submit ideas through this form: https://www.tastytrade.com/alpha-bytes-topics.

Unchained: Your No-Hype Resource for All Things Crypto
The Chopping Block: Kevin Zhou on Why He Knew Terra Would Crash - Ep.353

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later May 19, 2022 69:00


Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this episode, Kevin Zhou, the CEO of Galois Capital and long-time critic of UST, also joined the conversation. Show topics: the UST depeg and Terra collapse  Kevinon  what it was like being one of the earliest naysayers of LUNA why Kevin believes that UST initially depegged and became a “fear cascade” how Galois Capital traded the UST depeg, from shorting LUNA to keeping their UST in Anchor until the last moment why Kevin was disappointed in the lack of transparency in how Luna Foundation Guard attempted to defend the UST peg the implications of UST's collapse across the crypto and traditional financial markets  whether Terra's decline will lead to more regulation in the crypto industry why Anchor was the “cancer” of the Terra system  why VCs are reticent to say something bad about protocols they don't believe in why grifting is so much more prevalent in crypto  what Jump Trading had to do with the Terra collapse the difference between the way trading and VC firms interact with crypto the issues with the Terra 2 proposal without UST which chains are receiving the people leaving the Terra ecosystem  why Haseeb compared the collapse of UST to the collapse of the Soviet Union who Kevin believes should be reimbursed in the aftermath of the UST collapse how political considerations might affect how Terra continues to develop going forward why Terra NFTs were skyrocketing during the Terra meltdown whether crypto is in a bear or bull market Hosts   Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra  Robert Leshner, founder of Compound  https://twitter.com/rleshner    Guest Kevin Zhou, CEO of Galois Capital https://www.linkedin.com/in/kevin-zhou-82938324/    Previous Unchained Coverage   Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/  Do Kwon on backing UST with BTC ​​https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/  Jon Wu on how Terra got depegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Do Kwon on The Chopping Block https://www.youtube.com/watch?v=0xl8u7-KVwM    Haseeb's summary of the Terra collapse: https://medium.com/dragonfly-research/the-reign-of-terra-the-rise-and-fall-of-ust-208dabbc8e6e   Jon Wu's write-up on the UST Depeg Article: https://www.notboring.co/p/terra-to-the-moon-and-back  Thread: https://twitter.com/jonwu_/status/1523793482850050048?s=20&t=lvB1zdz98wu5TE5emh4fCw    Terra Background Info  Twitter: https://twitter.com/terra_money  UST Mechanics: https://angelprotocol.medium.com/how-does-ust-work-ec7b2f6e2c2c UST Bank Run: https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839 Speculation of a deliberate attack: https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r Do Kwon's Proposed Terra's Revival: https://www.coindesk.com/tech/2022/05/13/do-kwon-proposes-restart-of-terra-blockchain-as-ust-luna-plummet/ Anchor: https://twitter.com/anchor_protocol  Terra 2.0: https://unchainedpodcast.com/do-kwon-has-a-new-plan-again/    LFG Purchases Luna Foundation Guard: https://lfg.org/team/ Pomp – the $10B Bitcoin Bet on Stablecoins https://pomp.substack.com/p/the-10-billion-bitcoin-bet-on-stablecoins?s=w 3/10 BTC purchase https://twitter.com/LFG_org/status/1503680315969060864  $1 BTC billion purchase https://twitter.com/terra_money/status/1496162889085902856  TFL x LFG relationship https://twitter.com/stablekwon/status/1502225674840555523    Galois Twitter threads https://twitter.com/Galois_Capital/status/1511455703642394628  https://twitter.com/Galois_Capital/status/151119893095193804   Tarun's thoughts on algorithmic stablecoins https://twitter.com/Unchained_pod/status/1512465290910736391 

Bitcoin Audible (previously the cryptoconomy)
Read_626 - Digital Alchemy, A Post-Mortem of the Crypto Crash [Lyn Alden]

Bitcoin Audible (previously the cryptoconomy)

Play Episode Listen Later May 19, 2022 50:57


"Several exchanges in the industry fuel bubbles for a quick buck as well. If something starts to get momentum, including meme coins like DOGE or SHIB that don't realistically have a substantial future, they promote those coins to their users, which can suck retail investors into buying the bubble top. Plus, a lot of Youtube and TikTok influencers pump small coins, and use their audience as exit liquidity." - Lyn Alden For those of you who may be unaware, there was a recent blow up of a deca-billion dollar LUNA and TerraUSD algorithmic stablecoin. Essentially the entire market capitalization of UST and LUNA vanished in a matter of hours in a spectacular economic death spiral. How did this happen and what was the source of such an incredible risk of what had recently become one of the most promising "crypto" projects in recent months? Find out in Lyn Alden's Post-Mortem of the Crypto Crash. Check out the original plus Lyn's other amazing work on her blog: https://www.lynalden.com/digital-alchemy/ Another great piece from Lyn if you want to get ahead of the show: https://www.lynalden.com/what-is-money/ For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash Daddies With Sam Tripoli, Howie Dewey and Chris Neff
Cash Daddies #91: "LUNA Rock Bottom: UST Crashes, While Howie Cashes"

Cash Daddies With Sam Tripoli, Howie Dewey and Chris Neff

Play Episode Listen Later May 18, 2022 74:17


There's only one story we can lead with this week, even if it is a "piker subject" -- and that's the LUNA/UST collapse, and the dire crypto market. Billions were lost, some of which was Sam Tripoli's  Also this week, we talk Twitter, the future of crypto, and Howie's big wins over at www.patreon.com/cashdaddies. Get 20 percent off your custom lawn plan at www.getsunday.com/cash! Cash Daddies on social media: https://lnk.bio/d1sj/

Jim and Them
Put That LUNA In Yo Face - #726 Part 2

Jim and Them

Play Episode Listen Later May 18, 2022 94:48


CRYPTO: We are men, so we talk about crypto, especially with people being suicidal over losing everything in LUNA.Karen Vs. Backyard Standup: A "Karen" was unhinged as her shitty neighbors decided to have a stand up comedy show in their backyard.Gas Station Beating: We analyze and breakdown an amazing video of a dude getting beat up at the gas station with a special surprise ending. Also we see a brick to the head, play Stitches and watch Trump dance to it.MESSENGER OF GOD!, DOOMED!, FRIDAY THE 13TH!, THE MAN BEHIND THE MASK!, ALICE COOPER!, I'M GAY!, MATTHEW LIBTARD JIM!, SCREAM!, SYDNEY!, SLC PUNK!, MATTHEW LILLARD!, HOUSE!, ETHAN EMBRY!, CRYPTO!, STOCKS!, FALLING!, COIN!, LUNA!, TERRA!, UST!, STABLE COIN!, REDDIT!, SUICIDE HOTLINE!, LOSE EVERYTHING!, GOTTA ADMIT!, NFTS!, BORED APE YACHT CLUB!, FIRST TWEET!, JACK!, COLLECTIBLES!, TOPP'S!, COLLECTIBLE CARDS!, COMIC BOOKS!, STAR WARS!, VBUCKS!, FORTNITE!, SCAN OF A FART!, LEDGER!, PLATFORM!, ART!, MONEY LAUNDERING!, TAX GUY!, PRINTS!, DO KWON!, SOROS!, BLACKROCK!, CITADEL!, CONSPIRACY!, SELL OFF!, PEG!, LEVERAGE!, MORTGAGE!, DOLLAR STORE!, LOFT BOYS RISE AGAIN!, RENT!, LANDLORD!, KEVIN!, PRICED OUT!, RAISED RENT!, RICH MURPH!, CALIFORNIA!, WALGREENS!, CVS!, STEALING ALCOHOL!, WORST GUY!, FILMING!, KAREN!, BACKYARD STAND UP COMEDY!, DROP DEAD OF A HEART ATTACK!, SLAP!, MICROPHONE!, PA!, VENUE!, ZOOMERS!, SIDE FADE!, POOFY HAIR!, SKANKFEST!, TOO MANY TICKETS!, MATT AND SHANE!, LOUIS CK!, THE PRESIDENTS!, NIXON!, OPPS!, BEAT UP!, GAS STATION!, PUNCHED!, KICKED!, KNOCKED OUT!, SURPRISE ENDING!, FRIEND!, STILL FALLING!, PALETTE CLEANSER!, TRASH BARREL!, HIT BY CAR!, FLYING!, JUMPS THE CURB!, FALL ASLEEP!, BRICK ATTACK!, NBA JAM!, BOOM SHAKALAKA!, HE'S ON FIRE!, STITCHES!, BRICK IN YO FACE!, REMIX!, TRUMP DANCING!, MONTAGE!, MEXICO!You can find the videos from this episode at our Discord RIGHT HERE!

Unchained: Your No-Hype Resource for All Things Crypto
Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed - Ep.352

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later May 17, 2022 80:09


Nic Carter, general partner at Castle Island Venture, Eric Wall, former Chief Investment Officer of Arcane Assets, and Erik Voorhees, founder of ShapeShift, discuss what happened with the TerraUSD (UST) and LUNA fiasco, Do Kwon's responsibility, the impact on the crypto ecosystem, and much more. Show highlights:  how Erik used to feel that algo stablecoins were impossible and why he changed his mind why Eric considers that the demand for UST was tied to a sh*tcoin why Nic didn't think LUNA would work how a stablecoin could theoretically be decentralized whether Nic, Eric, and Erik think this was a deliberate attack why they think whether or not there was a deliberate attack is not even relevant how the de-peg started with a liquidity issue on Curve why Nic thinks that Terra's biggest mistake was the 19.5% APY on Anchor whether pursuing a decentralized stablecoin is a worthy goal what aspects of UST were decentralized, according to Erik whether algo stablecoins are dead or whether in the future, death spirals of algo stablecoins can be avoided why Erik believes that everything in the crypto space is an experiment, even BTC what it says that the VCs behind Terra knew were so reputable why Do Kwon's arrogance and inexperience might have caused this chaos whether Terra can be rebuilt whether this collapse imposes risks on other blockchains and other assets why the Luna Foundation Guard's purchase of Bitcoin might have made the UST collapse even worse what Erik thinks about the global financial system and the US dollar how this event could trigger more regulation in the crypto space and why it might hurt the entire ecosystem how regulators might use the Terra case to impose CBDCs.   Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021      Coinchange: https://coinchange.io   Beefy Finance: https://beefy.finance       Episode Links   Erik Vorhees  Twitter: https://twitter.com/ErikVoorhees   Eric Wall Twitter: https://twitter.com/ercwl   Nic Carter Twitter: https://twitter.com/nic__carter   Previous Unchained Coverage of Terra Do Kwon on backing UST with BTC ​​https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/  Jon Wu on how Terra got de-pegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Terra Twitter: https://twitter.com/terra_money  UST Mechanics: https://angelprotocol.medium.com/how-does-ust-work-ec7b2f6e2c2c Luna Foundation Guard: https://lfg.org/team/ UST Bank Run: https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839 Speculation of a deliberate attack: https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r Do Kwon's Proposed Terra's Revival: https://www.coindesk.com/tech/2022/05/13/do-kwon-proposes-restart-of-terra-blockchain-as-ust-luna-plummet/ Terra Blockchain Halted: https://www.coindesk.com/business/2022/05/12/luna-issuer-terra-halts-blockchain-after-week-of-losses/ Upcoming Regulation https://www.protocol.com/bulletins/terra-stablecoin-loses-peg https://www.theblockcrypto.com/linked/146583/yellen-says-the-stablecoin-market-is-still-too-small-to-pose-systemic-risk

Bankless
The Astrological Crypto Maven with Maren Altman | Layer Zero

Bankless

Play Episode Listen Later May 17, 2022 53:45


Crypto is a multidisciplinary field. Whether it's finance, sociology, history, or philosophy—the list goes on. However, what about astrology? Can crypto be predicted using it? Maren makes the case for why. And she's got the track record to prove it. In this episode, we dive into Maren's astrological crypto trading methods, her responses to the main critiques, what lies ahead in the coming months and remaining decade, and so much more. ------

Long Reads Live
What Happened to the Luna Foundation Guard's Bitcoin Billions?

Long Reads Live

Play Episode Listen Later May 17, 2022 16:20


This episode is sponsored by Nexo.io, NEAR and FTX US.  The Luna Foundation Guard (LFG) was created to build a bitcoin collateral backstop for the UST stablecoin. As UST began to lose its peg, the LFG's BTC started to move. Firms like Elliptic were able to trace it only so far, but then no farther. It wasn't until Monday morning the LFG officially commented, but some are still hungry for more information.  - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.  - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: mustafahacalaki/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.   

Late Confirmation by CoinDesk
BREAKDOWN: What Happened to the Luna Foundation Guard's Bitcoin Billions?

Late Confirmation by CoinDesk

Play Episode Listen Later May 16, 2022 16:19


The community is getting louder about wanting answers to this lingering question.This episode is sponsored by Nexo.io, NEAR and FTX US. The Luna Foundation Guard (LFG) was created to build a bitcoin collateral backstop for the UST stablecoin. As UST began to lose its peg, the LFG's BTC started to move. Firms like Elliptic were able to trace it only so far, but then no farther. It wasn't until Monday morning the LFG officially commented, but some are still hungry for more information. -Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. -NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: mustafahacalaki/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Long Reads Live
How Should Washington Regulate Stablecoins?

Long Reads Live

Play Episode Listen Later May 16, 2022 14:26


This episode is sponsored by Nexo.io, NEAR and FTX US.  On today's “Long Reads Sunday,” NLW features:   0-100 on Stablecoin Design by Spencer Noon On algorithmic stablecoins & the UST collapse by Jake Chervinsky  - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.  - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. 

Late Confirmation by CoinDesk
BREAKDOWN: How Should Washington Regulate Stablecoins?

Late Confirmation by CoinDesk

Play Episode Listen Later May 15, 2022 14:25


Plus a 101 comparison of custodial vs. decentralized stablecoins. This episode is sponsored by Nexo.io, NEAR and FTX US. On today's “Long Reads Sunday,” NLW features:0-100 on Stablecoin Design by Spencer NoonOn algorithmic stablecoins & the UST collapse by Jake Chervinsky -Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. -NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hidden Forces
The Collapse of LUNA & UST and the Vulnerability in Crypto | Nathaniel Whittemore

Hidden Forces

Play Episode Listen Later May 15, 2022 2:45


In Episode 249 of Hidden Forces, Demetri Kofinas speaks with Nathaniel Whittemore, host of “The Breakdown” a podcast distributed by CoinDesk, which focuses on the big picture power shifts in the economy and society, seen through the lens of crypto. It's also the largest daily analysis podcast in the bitcoin and crypto space and one that Demetri has relied on to sort through the daily noise and to get a sense of its community's cultural attitudes and narratives for years. Demetri asked Nathaniel to come onto the podcast today to help him make sense of the events that have transpired in crypto over the last week, including the collapse of Terra Luna and its algorithmically maintained stablecoin UST. But they also discuss the overall state of the market and the implications and consequences of collapses like LUNA's for other stablecoins, as well as for regulation and participation in the space. Lastly, the two share their perspectives on what Demetri considers to be crypto's biggest vulnerability, which is its use as a life raft for a generation of younger investors who see it as their ticket out of the hamster wheel of policy-induced financial inequality and modern-day serfdom. What eventually becomes of these people—their disaffection and its manifestation in American political life is a question that they also consider.  You can access the full conversation and transcript to this premium-only episode by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 05/13/2022