The Chopping Block: Was Crypto Just Debanked? - Ep. 468
Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week: Silicon Valley Bank went belly up and knocked USDC off its peg with it. For good measure, Signature Bank was taken over by regulators. After a hellish weekend, what did we learn?
March 16, 2023
1 hr 6 min
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Episode 468 · March 16, 2023
The Chopping Block: Was Crypto Just Debanked? - Ep. 468
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The Chopping Block: Was Crypto Just Debanked? - Ep. 468
Summary
Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week: Silicon Valley Bank went belly up and knocked USDC off its peg with it. For good measure, Signature Bank was taken over by regulators. After a hellish weekend, what did we learn?
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
what happened with Silicon Valley Bank
why USDC depegged and reached a low of 88 cents
how Maker responded to the depegging of USDC
whether DeFi responded flawlessly to the chaotic events
how Haseeb’s VC fund, Dragonfly, was ensnared in SVB’s collapse
what Tarun thinks made Elizabeth Warren change her tune on SVB
whether Signature Bank was shut down because of its crypto-related activities
why bonds are not marked to market by banks
which company is going to issue the euro-dollar stablecoin
how BTC has been outperforming the NASDAQ since the FTX collapse
how Euler Finance got hacked for almost $200 million
whether flash loans should be banned
the rules around crypto and finance in the Middle East
why DeFi is a fundamental innovation that’s better than many financial systems across the world
Hosts
Haseeb Qureshi, managing partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Robert Leshner, founder of Compound
Tom Schmidt, general partner at Dragonfly
Disclosures
Links
Unchained:
The Fall of SVB: What Happened and How It Affects Crypto
Was Signature Bank Actually Insolvent?
Euler Finance Loses $197 Million in Flash Loan Exploit
MakerDAO to Reinforce DAI Peg With Parameter Changes
Circle to Bring On New Banking Partner for USDC Minting, Redemption
Coinbase Says It Holds $240 Million in Cash at Signature Bank
Regulators Close Signature Bank Following SVB Collapse
Silvergate to Wind Down Operations in ‘Voluntary Liquidation’
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