The Chopping Block: Was Crypto Just Debanked? - Ep. 468

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 16 March 2023

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week: Silicon Valley Bank went belly up and knocked USDC off its peg with it. For good measure, Signature Bank was taken over by regulators. After a hellish weekend, what did we learn? Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: what happened with Silicon Valley Bank why USDC depegged and reached a low of 88 cents how Maker responded to the depegging of USDC whether DeFi responded flawlessly to the chaotic events how Haseeb’s VC fund, Dragonfly, was ensnared in SVB’s collapse what Tarun thinks made Elizabeth Warren change her tune on SVB whether Signature Bank was shut down because of its crypto-related activities why bonds are not marked to market by banks which company is going to issue the euro-dollar stablecoin how BTC has been outperforming the NASDAQ since the FTX collapse how Euler Finance got hacked for almost $200 million whether flash loans should be banned the rules around crypto and finance in the Middle East why DeFi is a fundamental innovation that’s better than many financial systems across the world Hosts Haseeb Qureshi, managing partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Disclosures Links Unchained: The Fall of SVB: What Happened and How It Affects Crypto Was Signature Bank Actually Insolvent? Euler Finance Loses $197 Million in Flash Loan Exploit MakerDAO to Reinforce DAI Peg With Parameter Changes Circle to Bring On New Banking Partner for USDC Minting, Redemption Coinbase Says It Holds $240 Million in Cash at Signature Bank Regulators Close Signature Bank Following SVB Collapse Silvergate to Wind Down Operations in ‘Voluntary Liquidation’ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend. It's a tale of two pawns.
0:02.4	Now your losses are on someone else's balance.
0:05.1	Generally speaking, air drops are kind of pointless anyways.
0:07.7	I made a trading firm, so we're very involved.
0:10.6	I like that eat the ultimate pawns.
0:12.8	DeFi protocols are the antidote to this problem.
0:17.0	Hello everybody, welcome to the chopping block.
0:19.0	Every couple weeks, the four of us get together
0:20.6	and give the industry insider's perspective
0:22.2	on the crypto topics of the day.
0:24.6	Today, first up, we've got Tom, the DeFi Maven,
0:26.6	a master of memes.
0:28.0	Next, we've got Robert, the crypto connoisseur
0:29.8	and captain of compound.
0:31.6	Then we've got Tarroune, the gigabrain,
0:32.8	and Grand Puba at Connet.
0:34.6	And then you've got myself, I'm a seed,
0:36.2	the head height man, a dragonfly.
0:38.2	So all four of us are early stage investors in crypto,
0:39.8	but I want to caveat that nothing we say here
0:41.4	is investment advice, legal advice, or even life advice.
0:44.4	Please see chopping block that XYZ for more disclosures.
	...

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