The Chopping Block: Was Crypto Just Debanked? - Ep. 468
Mar 16, 2023•1 hr 6 min•Ep. 468
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Episode description
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?
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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
- Haseeb Qureshi, managing partner at Dragonfly
- Tarun Chitra, managing partner at Robot Ventures
- Robert Leshner, founder of Compound
- Tom Schmidt, general partner at Dragonfly
- 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’
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