crypto lending

Sunny and Vinny are BACK to break down all the important topics in crypto: SBF updates (2:52), how $GBTC played into the industry unraveling (11:34), why we should be paying attention to Genesis (25:51), Michael Saylor's recent comments (44:13), and more!

(0:00) Jason tees up today's crypto roundtable!

(2:52) Sunny and Vinny are back to talk about the current vibes in crypto and some updates on the SBF situation

(10:20) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist 

(11:34) How the Grayscale Bitcoin Trust played into the industry unraveling

(24:21) Supergut - Get 30% off with code TWIST at https://supergut.com 

(25:51) Why Genesis is more concerning than $GBTC

(35:00) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups

(36:29) Decentralized exchanges, importance of self custody, how Solana's price drop relates to Genesis

(44:13) Michael Saylor's recent comments on Ethereum and Ripple being securities, problems with the "foundation" entity workaround

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Born in response to the 2008 financial crisis, cryptocurrency was supposed be a form of money that eliminated the traditional gatekeepers who had overseen the tanking of the economy.

But a crash in value recently has raised questions about cryptocurrency’s central promise.

Guest: David Yaffe-Bellany, a reporter covering cryptocurrencies and fintech for The New York Times.

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Background reading: 

• No one wanted to miss out on the cryptocurrency mania. A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.
• Celsius Network was managing more than $20 billion in assets. Last month, it became the latest crypto venture to spiral into a crisis.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.