Everything You Need To Know About Crypto's FTX-Driven Downturn | Matt Fiebach

In an emergency episode, Jack speaks to one of the sharpest crypto minds he knows, Matt Fiebach, research analyst on the Blockworks Research team, about the turmoil engulfing FTX, a digital asset exchange that up until very recently was considered one of the safest and most blue chip exchanges.
Matt breaks down the collapse in confidence that led to FTX Token falling 80% over the course of one day, and FTX’s rumored acquisition by Binance, a digital asset behemoth led by Chengpeng Zhao (“CZ”) that, should the acquisition close, would become the undisputed king of all crypto exchange. Matt and Farley consider financial contagion risk within crypto as well as in the broader traditional finance (“tradfi”) world.
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Follow Blockworks Research on Twitter https://twitter.com/blockworksres
Follow Matt Fiebach on Twitter https://twitter.com/MattFiebach
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_
Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos

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Timestamps:
(00:00) Intro
(00:54) Overview of FTX's Problems
(02:49) Alameda Research's Balance Sheet
(09:09) FTX As A Big Blue-Chip Player In Crypto
(13:16) Possible Outcomes
(16:31) Was FTX Investing Customer Assets?
(20:25) Risk Of Contagion
(27:48) Matt Fiebach's Background
(30:42) About Blockworks Research
(31:49) Closing Thoughts
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In an emergency episode, Jack speaks to one of the sharpest crypto minds he knows, Matt Fiebach, research analyst on the Blockworks Research team, about the turmoil engulfing FTX, a digital asset exchange that up until very recently was considered one of the safest and most blue chip exchanges.

Matt breaks down the collapse in confidence that led to FTX Token falling 80% over the course of one day, and FTX’s rumored acquisition by Binance, a digital asset behemoth led by Chengpeng Zhao (“CZ”) that, should the acquisition close, would become the undisputed king of all crypto exchange. Matt and Farley consider financial contagion risk within crypto as well as in the broader traditional finance (“tradfi”) world.

__

Follow Blockworks Research on Twitter https://twitter.com/blockworksres

Follow Matt Fiebach on Twitter https://twitter.com/MattFiebach

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos

__

Timestamps:

(00:00) Intro

(00:54) Overview of FTX's Problems

(02:49) Alameda Research's Balance Sheet

(09:09) FTX As A Big Blue-Chip Player In Crypto

(13:16) Possible Outcomes

(16:31) Was FTX Investing Customer Assets?

(20:25) Risk Of Contagion

(27:48) Matt Fiebach's Background

(30:42) About Blockworks Research

(31:49) Closing Thoughts

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.