Roundup: BlockFi Down Round | DAOs Scrambling | Cynthia Lummis Bill | FTX vs Coinbase

In this episode of Empire's Weekly Roundup, Jason and Mike discuss the current state of crypto. It's officially a bear market, so how are companies and DAOs responding? What are the stories that you need to know? Tune in to find out.

Highlights include:

Did companies overhire

What happens in a down round

Why we need to separate investors from traders

DAOs look to stables and the need for debt financing

The Coinbase vs FTX strategy debate

Is the Lummis bill good for crypto

Enterprise blockchains are back

Optimism loses 20M OP tokens

ApeCoin DAO sides with Ethereum

- -
Follow Mike: https://twitter.com/MikeIppolito_
Follow Jason: https://twitter.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw
- -

Referenced in the show:

BlockFi down round
https://tinyurl.com/2tej9jyf

Novogratz says 2/3 of crypto funds will fail
https://tinyurl.com/yh4x2jsu

Lido, FEI and Frax proposals
https://research.lido.fi/t/lido-to-prepare-for-the-bear-market/2318/5
https://tribe.fei.money/t/tip-110-simplify-pcv/4323
https://gov.frax.finance/t/fip-77-20m-fxs-buyback-program-using-twamm/1523

SBF on Empire
https://tinyurl.com/23wp5uza

SBF on Invest Like The Best
https://tinyurl.com/2p8wsdfe

FTX surpasses Coinbase in BTC & ETH spot trading
https://coinmetrics.substack.com/p/state-of-the-network-issue-158?s=r

Coinbase job portal
https://coda.io/@coinbase-talent/coinbase-talent-hub/

Richard Burton article on how crypto is like building hardware
https://tinyurl.com/ytww6ap7

Tim Beiko on Bankless
https://tinyurl.com/2vxmcdux
--
BitMEX is back and better than ever. Sign up for BitmEX's new Spot Exchange for a chance to win a piece of $500,000 in BTC (new users).

Learn more about them at https://www.bitmex.com/
--
Timestamps
(00:00) Introduction
(02:45) Down Rounds, Layoffs and Hiring Freezes
(16:40) An Investor Reckoning?
(18:20) Separating Investors vs Traders
(20:05) Frothy Private Markets
(23:50) DAO Treasuries and Debt Financing
(27:53) Questioning Token Buybacks
(32:30) Bitmex Ad
(33:33) FTX Surpassing Coinbase
(40:15) Cynthia Lummis Bill
(45:15) Are Tokens Securities?
(48:21) Salesforce and Enterprise Blockchains
(56:15) Optimism loses $20M OP tokens
(59:45) APE DAO votes on Ethereum
(1:03:40) When ETH merge
--
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode of Empire's Weekly Roundup, Jason and Mike discuss the current state of crypto. It's officially a bear market, so how are companies and DAOs responding? What are the stories that you need to know? Tune in to find out.

Highlights include:

Did companies overhire
What happens in a down round
Why we need to separate investors from traders
DAOs look to stables and the need for debt financing
The Coinbase vs FTX strategy debate
Is the Lummis bill good for crypto
Enterprise blockchains are back
Optimism loses 20M OP tokens
ApeCoin DAO sides with Ethereum

- -

Follow Mike: https://twitter.com/MikeIppolito_

Follow Jason: https://twitter.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

- -

Referenced in the show:

BlockFi down round

https://tinyurl.com/2tej9jyf

Novogratz says 2/3 of crypto funds will fail

https://tinyurl.com/yh4x2jsu

Lido, FEI and Frax proposals

https://research.lido.fi/t/lido-to-prepare-for-the-bear-market/2318/5

https://tribe.fei.money/t/tip-110-simplify-pcv/4323

https://gov.frax.finance/t/fip-77-20m-fxs-buyback-program-using-twamm/1523

SBF on Empire

https://tinyurl.com/23wp5uza

SBF on Invest Like The Best

https://tinyurl.com/2p8wsdfe

FTX surpasses Coinbase in BTC & ETH spot trading

https://coinmetrics.substack.com/p/state-of-the-network-issue-158?s=r

Coinbase job portal

https://coda.io/@coinbase-talent/coinbase-talent-hub/

Richard Burton article on how crypto is like building hardware

https://tinyurl.com/ytww6ap7

Tim Beiko on Bankless

https://tinyurl.com/2vxmcdux

--

BitMEX is back and better than ever. Sign up for BitmEX's new Spot Exchange for a chance to win a piece of $500,000 in BTC (new users).

Learn more about them at https://www.bitmex.com/

--

Timestamps

(00:00) Introduction

(02:45) Down Rounds, Layoffs and Hiring Freezes

(16:40) An Investor Reckoning?

(18:20) Separating Investors vs Traders

(20:05) Frothy Private Markets

(23:50) DAO Treasuries and Debt Financing

(27:53) Questioning Token Buybacks

(32:30) Bitmex Ad

(33:33) FTX Surpassing Coinbase

(40:15) Cynthia Lummis Bill

(45:15) Are Tokens Securities?

(48:21) Salesforce and Enterprise Blockchains

(56:15) Optimism loses $20M OP tokens

(59:45) APE DAO votes on Ethereum

(1:03:40) When ETH merge

--

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.