Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of Money
Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of MoneyJul 06, 2021
Gemini & Genesis Reach $100M Agreement
Gemini & Genesis make nice, Creditor Committee established in Genesis bankruptcy, Binance suspends USD transfers, and big rounds from SALT ($64M), SpaceID ($10M), & Elementus ($10M)
Alameda Sues Voyager 👀
The battle between bankrupt firms Alameda and Voyager for $445M, BlockFi approved to sell its mining assets, Ripple expands money transfer product, and the top crypto news, deals, and reports
El Salvador Repays $800M Debt Despite Bitcoin Bet
Genesis Files for Bankruptcy, Gemini Threatens Lawsuit Against DCG, Nexo Settles With SEC for $45M, Major Rounds Return for Blockstream ($125M) and QuickNode ($60M), Pantera Launches 2023 Report
Annual Web3 Developer Report by Electric Capital
Electric Capital Releases Annual Developer Report, Gemini and Genesis Charged by SEC With Selling Unregistered Securities, 3AC Founders Seek to Raise Capital for a New Venture, FTX US Ex-CEO Speaks
Barry vs. Cameron: Round 2 🥊
Cameron Winklevoss accuses DCG & Genesis of fraud. Barry Silbert says not so fast. We also cover Messari's new report on Solana's overexaggerated death plus Easy Company's $14M raise from Lobby Capital.
SBF's Shocking Congressional Testimony Notes
FTX Founder Sam Bankman-Fried arrested, testimony he planned to give to Congress leaked, SEC announces charges, plus big raises for Nillion and Evertas, and the top stats and reports of the week.
Genesis Warns Potential Bankruptcy
Crypto Brokerage Genesis Warns of Bankruptcy Without Funding, Asks Binance and Apollo for Cash, Silence from DCG Spooks Investors, Four Page FTX Apology Post-Mortem from SBF
This Week in Crypto - Binance, FTX, Terra, Deribit
Binance invests $500M in Musk's Twitter takeover, Deribit Loses $28M, Terra Co-founder Do Kwon Faces $57M Class-Action Suit, and the top news, raises, and stats in the crypto ecosystem
Coin Center vs. US Treasury
Coin Center Sues US Treasury, FTX Under Investigation By Texas, Aptos Mainnet Launches, Copper Raises $196M -- and the other top news, stats, and reports from the week in crypto
This Week in Crypto: The New Frontier in Finance
Celisus' Customer Accounts Made Public, Maker Buys $500M in Treasuries, BNB Chain $127M Hack, Bored Apes Get Probed by SEC, Tatum & NXYZ Raise $40M+
This Week in Crypto 🎢
Uniswap Eyes $100M in New Funding, Celsius' Mashinsky Withdrew $10M Before Freezing Assets, Solana's 13th Outage of the Year, ENS Domains Reach New Record
🥳 Ethereum Successfully Merges
After seven years of development Ethereum successfully switches to PoS, Wintermute gets hacked for $160M, South Korea issues warrant for Do Kwon, Doodles & Messari Close Big Rounds
Ethereum Upgrade in 10 Hours 🎉
Ethereum, the #1 global financial internet settlement layer is getting a major upgrade to proof-of-stake which will be going live tonight around midnight ET. We also write about the top crypto news, stats, fundraises, and reports of the week, our webinar tomorrow for large ETH holders, and the world’s first ETH-denominated crypto fund of funds.
The Merge Has Begun
Ethereum's final hard fork before the Merge was activated Tuesday, marking the beginning of ETH's historical transition from proof-of-work (PoW) to proof-of-stake (PoS), on track to go live Sep 14.
The Crypto VC List - 2022
The Top 50 North American Crypto VC firms by fund size and investment activity -- plus the top news, stats, and reports of the week.
This Week in Crypto: (FTX Grows Revenues 1000%, Uniswap Bans Wallets Linked to Sanctions & Hacking, FDIC Sends 5 Cease and Desist Orders)
FTX took revenue from $90 million in 2020 to more than $1 billion last year as cryptocurrencies hit an all-time high. The Federal Deposit Insurance Corp. (FDIC) issued Cease and Desist Letters demanding Cryptonews.com, Cryptoytosec.info, SmartAsset.com, FTX.US and FDIC Crypto.com stop making misleading statements about FDIC deposit insurance and implement corrective measures. Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him.
Peer - The Metaverse for Augmented Reality: A Digital Layer on Top of the World
Peer is an augmented reality and web3 technology company developing a gamified digital layer on top of the world -- a metaverse for the real world. In today's episode, we interview the founder of Peer, Tony Tran.
Tornado Cash Blacklisted 🌪️💸
US Treasury blacklists cryptocurrency mixer Tornado Cash raising key constitutional questions about privacy and speech, Blackrock partners with Coinbase, and Hodlnaut Suspends Withdrawals
The King of Bitcoin Steps Down While Ethereum Moons 🌕
his week we cover Michael Saylor stepping down, a new U.S. Senate bill to give CFTC authority over Bitcoin and Ether, and Ethereum’s 85% price increase the last six weeks. We also talk about Amphibian Capital crypto quant fund of funds model.
SEC vs. CFTC: An Epic Duel
This week we cover the SEC probe of Coinbase, CFTC’s stunning press release criticizing the SEC, Voyager’s rebuff of the FTX bailout, Aptos’ big $150M raise, the raid on a Terra co-founder’s house, and the top 25 crypto VCs by investment volume.
Is the Crypto Bottom In?
In this episode we’ll be covering the top news and stats for the week, giving an update on the ETH merge to PoS, sharing an update on the 3AC/Celsius fallout, and discussing whether the crypto bottom is in for 2022 or if it’s just a dead cat bounce (a trading term for a fake recovery).
The Great Shakeout
The impact of Three Arrow Capital’s bankruptcy on CeFi providers Blockchain.com, Voyager, Celsius, and Genesis, share an excerpt from Pantera on just how well DeFi lending protocols have performed during this crisis, and summarize the new Lummis-Gillbrand crypto bill.
This Week in Crypto: Updates on 3AC, Voyager, BlockFi, and Vauld
Crypto hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in a federal bankruptcy court, Voyager Digital Ltd filed for Ch 11 bankruptcy, FTX has an option to acquire BlockFi for up to $240M.
3AC Liquidation Ordered, Celsius Lawyers Advising Bankruptcy, Harmony Suffers $100M Hack, CoinFlex With $47M Distressed Debt
FTX Bails Out BlockFi; Voyager Announces $661M Exposure
BlockFi secures $250 million FTX line of credit, Voyager announces $661M exposure to 3AC, Magic Eden raises $130M for Solana NFT Marketplace, and the other top news and stats of the week in crypto.
What a Week in Crypto - Celsius & 3AC
Celsius pauses withdrawals and major crypto fund Three Arrows Capital's (3AC) $400M liquidation -- and the other top news and stats in a very big week for crypto.
This Week in Crypto: (The ETH Testnet Merge, The Lummis Bill, SEC Probe of Binance’s BNB Token)
This week in crypto, Ropsten, Ethereum's oldest testnet, has successfully competed its transition to proof of stake, Senator Cynthia Lummis (Wyo.) has introduced a major new bill called the Responsible Financial Innovation Act, and US regulators are investigating whether Binance Holdings Ltd. broke securities rules.
Peer - The Web3 Social Network
The Week in Crypto - Celo & ReFi
Welcome back to Coinstack, your favorite weekly podcast for institutional crypto investors, where we review the top news and reports in the digital asset ecosystem. This week we do a deep dive on Celo and their venture into Refi.
This Week in Crypto - UST Depegging
This week we saw the UST stablecoin depeg, the LUNA token collapse, and the Terra blockchain get halted. It was a week for the history books in the land of programmable money.
This Week in Crypto: (BAYC Clogs Ethereum, Goldman Sachs Bitcoin Loan, SEC Doubles Task Force)
This week in crypto, Yuga Labs held the public debut for its “Otherside” metaverse project, generating roughly $285 million for the company while also creating some of the highest gas fees in the history of the Ethereum network, Goldman Sachs (GS) has offered its first bitcoin-backed loan in the latest sign that Wall Street is moving further into crypto, SEC nearly doubles the size of enforcement's crypto asset and cyber unit.
This Week in Crypto- (Bitcoin in 401(k)s, Stripe Using Crypto Payment Rails, BAYC Instagram Hack)
This week in crypto, Fidelity to allow retirement savers to put Bitcoin in 401(k) accounts, Stripe will use USDC and Polygon, with Twitter as its first partner, The Instagram account belonging to NFT project Bored Ape Yacht Club (BAYC) was compromised Monday, paving the way for the theft of more than a dozen individuals’ digital valuables.
This Week in Crypto- (ETH Merge Pushed, North Korea Hacking Group Linked to Ronin Exploit, $182M Beanstack Hack)
This week in crypto, the Ethereum 2.0 upgrade that will see the network switch to proof of stake will come 'in a few months after June, the US government connected the North Korean hacking unit Lazarus Group and last month's exploit of the Axie Infinity's Ronin sidechain, Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited for $182 million Sunday.
This Week in Crypto - (Janet Yellen Shares Encouraging Crypto, EU Bans Crypto Services to Russia, Luna Foundation Guard Added $173M More in BTC)
This week in crypto, Janet Yellen shared an updated and balanced tone on the crypto ecosystem, EU member states agreed to ban the provision of high-value crypto-asset services to Russia, the LFG seeks to build a $10 billion reserve in bitcoin for backing the UST.
This Week in Crypto - (U.K. Embraces Stablecoins, Gensler Calls for More Oversight, CME Group Considering Solana and Cardano)
This week in crypto, the U.K. embraces stablecoins and positions itself as a leader in digital assets, SEC chair Gensler calls for more oversight on stablecoins and crypto firms’ custody, market-making arms, CME Group considers futures on Solana and Cardano after launching futures contracts tied to bitcoin and ether in recent years.
This Week in Crypto: (Terra Buying $3B in BTC, Axie Hack, US Treasury Foreign Accounts Reporting)
This week in crypto, Do Kwon of Terra has announced a purchase of $3B of Bitcoin as further backing for its UST stablecoin, 173,600 ETH (worth roughly $590 million) and 25.5 million worth of the stablecoin USDC were lost in the Axie hack, The Treasury's new proposal suggests that offshore crypto accounts with more than $50,000 should be reported to the IRS.
This Week in Crypto: (Goldman Sachs Makes ‘Milestone’ Crypto Trade, Japanese Exchange Coincheck to List on Nasdaq, HSBC to Become the First Global Financial Services Provider to Enter the Sandbox)
This week in crypto, Goldman Sachs' first over-the-counter (OTC) crypto transaction could spur other Wall Street heavyweights to follow suit, Coincheck announced its intention to list on the Nasdaq stock exchange through a SPAC with Thunder Bridge Capital, HSBC's partnership with The Sandbox will see HSBC take sports engagement to a new level in gaming metaverse.
This Week in Crypto: (Europe Passes Crypto Bill, Yuga Labs Buys CryptoPunks, UK Regulators Build a Digital Assets Department)
This week in crypto, The EU's Markets in Crypto Assets regulation, or MiCA, has advanced in the European Parliament, Yuga Labs, the company responsible for the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks, and the UK's financial regulatory body, is seeking to build a digital assets department.
This Week in Crypto: (Yellen Applauds White House’s ‘Historic’ Crypto Executive Order, Thailand Reportedly Exempts 7% Crypto Tax, The Philippines to Launch Pilot CBDC)
A Biden administration cryptocurrency executive order strikes the right balance between encouraging responsible innovation and addressing potential risks. Thailand's revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges. SP Governor Benjamin Diokno of the Philippines says that the goal of the project is to enhance “payment system’s safety, resiliency, and efficiency.”
This Week in Crypto: (Polkadot Donates $5.8M, Cambridge University Delves Into Crypto, Uniswap Facilitates Ukraine Donations)
This week in crypto, Polkadot founder Gavin Wood has followed through on his promise to donate $5 million to Ukraine, Cambridge University has announced a collaboration with several key financial institutions to conduct crypto research, Uniswap built an interface that allows users to swap ‘any token’ for Ethereum and send it to the Ukrainian government.
This Week in Crypto: (Federal Reserve Officials Banned From Owning Cryptocurrencies, El Salvador To Offer Citizenship, Crypto Exchange-Traded Products All the Rage in Europe)
This week in crypto, federal reserve officials banned from owning cryptocurrencies, the move, which follows controversy over personal trades from members, is said by the Fed to guard against “even the appearance of any conflict of interest”. El Salvador to offer citizenship for foreign investors, the 52 proposed legal reforms call for less bureaucracy, less red tape and creating tax incentives. With the prospects of a physical bitcoin ETF at a standstill in the US, an already-crowded market for cryptocurrency exchange-traded products (ETPs) in Europe is heating up with a series of new listings.
This Week in Crypto: (BlockFi Pays $100M Fine, BlackRock Enters Crypto, Russia Wants to Legalize Bitcoin)
This week in crypto BlockFi agrees to pay the SEC $100M in penalties and fines, BlackRock planning to offer crypto trading through the firm’s Aladdin investment platform, and the Russian ministry submits a proposal aiming to recognize crypto mining as a commercial activity.
This Week in Crypto: (Jump Trading Backstops Wormhole’s $320M Exploit, US Government Seizes $3.6 Billion in Bitcoin, EU Weighs Potential Metaverse Regulation)
This week in crypto we go over Wormhole’s parent company backstopping their $320M exploit, the US Department of Justice seizing $3.6 billion worth of Bitcoin tied to the 2016 hack crypto exchange Bitfinex, and EU weighing potential metaverse regulations.
This Week in Crypto: (SEC Rejects Spot ETF, OpenSea Reimburses Users $1.8M, Brazil Launches DeFi ETF)
This week in crypto we go over SEC rejecting Fidelity's proposed Spot BTC ETF, OpenSea reimbursing users following a bug that sold NFTs at unbelievable low prices, and the world's first DeFi ETF will launch in Brazil next month.
This Week in Crypto: (Ethereum Foundation Kills ‘ETH 2.0’, IMF Urges El Salvador To Discontinue BTC, Chase Closes Uniswap Founder’s Bank Accounts)
This week in crypto we go over the Ethereum Foundation announcing that the term "Ethereum 2.0" is being retired in favor of "consensus layer.", The IMF urging El Salvador to discontinue using BTC as legal tender, and JPMorgan Chase has closing the bank accounts of Hayden Adams, the founder of the largest decentralized exchange protocol Uniswap.
This Week in Crypto: (BitMEX Set to Acquire a 268-Year-Old German Bank, Coinbase Partners With Mastercard, Brazilian Asset Manager To Launch DeFi ETF)
In this week's episode, we cover BitMex Group announcing their plan to acquire a 268-Year-Old German bank, Coinbase partnering with Mastcard for NFT Marketplace purchases, as well as Brazilian asset manager Hashdex to launch a DeFi ETF that will include Uniswap, Aave, and Compound.
This Week in Crypto: (Former SEC Chairman: Digital Assets Will Change Global Financial Infrastructure, PayPal Exploring Stablecoins, China’s Digital Yuan Wallet Goes Live)
This week we cover Jay Claton (Former SEC Chairman) saying cryptocurrencies’ ability to eliminate friction in the global system would be hard to resist, PayPal exploring creating their own Stablecoin, and a pilot version of e-CNY goes live!
2022 Predictions for Crypto
It’s a brand new year in the world of digital assets. Here are the top crypto predictions for 2022!
This Week in Crypto: (Thailand Reschedules CBDC Pilot, ProShares Files for Metaverse ETF, Mexico Confirms CBDC for 2024)
This week we review the top stories with Thailand rescheduling the trial date for its national digital currency, Proshares files for Metaverse ETF, and Mexico confirms to roll out CBDCs in 2024.)
Crypto: 2021 in Review Part 2
Part 2 of our annual crypto review: NFTs, crypto hedge funds, fundamentals, China's mistake, U.S. crypto policy -- plus the top news.