The Craziest $1 Million Bet 💸
In today's edition: 🏦 Masterclass with Ram Ahluwalia, 🔥 DefiLlama's drama, 🤝 $5.4 million returned , and more!
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On the Pod…
Jim Bianco on Why the Banking System Has Always Been Broken
♟️ The Fed Is in Checkmate: What Will Powell Do?
Lumida CEO Ram Ahluwalia joined Laura in a conversation about the Federal Reserve's continuing challenge in managing inflation, interest rates, and regional bank stability.
What’s Poppin’?
by Samyuktha Sriram
$4 Billion in Crypto Deposits Not Included in Flagstar-Signature Deal
All deposits related to Signature Bank’s digital asset business were not included in the sale to Flagstar Bank, sparking outcry from the crypto community.
SBF Pitched FDIC Chairman on FTX’s ‘Superior Risk Model’ Before Collapse
Sam Bankman-Fried met FDIC Chairman Martin Gruenberg in June 2022, according to a leaked email correspondence obtained by The Washington Examiner.
Euler Hacker Returns $5.4 Million to DeFi Protocol
The Euler team said they would drop all investigation efforts immediately if the hacker returns all the stolen funds.
DeFiLlama Team Splits Over Token Launch Conflict
Developers behind DeFi aggregator DeFi Llama have created a new version of the platform after internal clashes between co-founders.
📖 Learn With Unchained 🤓
Exchange Tokens: The Controversial Type of Asset That Played a Role in FTX’s Collapse
After the FTT and FTX collapse, here is everything you need to know about similar “exchange tokens” like BNB, KCS, LEO, and others.
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Daily Bits…✍️✍️✍️
Prominent tech entrepreneur Balaji Srinivasan is wagering that the U.S. will experience hyperinflation, placing a bet against one Bitcoin (BTC) at 40:1 odds for a duration of 90 days.
FTX's leadership accused Bahamas authorities of assisting founder Sam Bankman-Fried in evading justice and seeks to separate the company's Bahamas division from its assets, according to a Sunday legal filing.
Bankman Fried's firms had a $6.8 billion gap in its balance sheet during its bankruptcy filing last November, which included major shortfalls for FTX.com and FTX.US, while Alameda Research and FTX Ventures held positive net assets.
FTX is set to auction off its derivatives exchange LedgerX on April 4, with the sale hearing scheduled for April 12 and the successful bidder to be announced within one business day following the auction's conclusion.
Binance's response to U.S. senators' inquiries focused on its compliance efforts but provided little insight into the company's financial details, leaving the senators' concerns about the crypto exchange's operations largely unaddressed.
Tron founder Justin Sun proposed a $1.5 billion offer to acquire Credit Suisse, aiming to transform it into a "crypto-friendly" bank and integrate it into the Web3 world.
Coinbase is reportedly in discussions with institutional clients about the potential creation of a new overseas crypto-trading platform amid increasing U.S. regulatory scrutiny.
Venezuelan President Nicolas Maduro removed and arrested Joselit Ramirez, the country's top crypto authority, for alleged involvement in a scheme to steal from Venezuela's oil operations.
Today in Crypto Adoption...
Salesforce joined forces with Polygon to facilitate NFT-based loyalty programs for their clients, as the CRM software giant expands into managing NFT reward initiatives.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 4.74%, trading at $28,333
ETH is up .59%, trading at $1,791
BTC dominance: 46.11%
Crypto market cap: $1.19 trillion
*All data as of today, 6 am ET
Recommended Reads
CoinDesk: U.S. Banking Cutoff Presents Opportunities for Crypto in Europe
Jon Charbonneau on decentralization, shared sequencers, X-Chain atomicity, SUAVE and MEV
The New Yorker: The Regulatory Breakdown Behind the Collapse of Silicon Valley Bank
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