“On November 8, 2022, the debtors sought an additional $125mm from FTX under the parties’ loan agreement but — ⚡️shocker⚡️— did not get it. FTX filed its own bankruptcy three days later. This time line is bananas…” | learn more
Up until a couple weeks ago I was staking USDC on a few platforms, BlockFi included, to earn interest. When Celsius imploded, I pulled out of all of them. Apparently, I was not the only one. This market behavior drove […]
Shortly before the Celsius freeze, I read that trading firm Alameda Research pulled out of a 50k ETH position that led to the “run on the bank.” The founder of Alameda Research is also the founder of FTX, which has tossed now […]
The best rate available now, around ~13% on dollar-backed stablecoins, is on Fulcrum (bZx). The rates available from BlockFi, Nexo and other centralized and regulated players is ~8%. I’m not taking advantage of the higher rate. A friend explained his […]