MARKET:
I need to add a ‘3AC contagion’ section to the Ethropy weekly newsletter. The latest firms to feel the pain are Genesis, a very successful crypto lender and market maker, and Voyager, a publicly listed company that has halted trading and withdrawals.
Three Arrows Capital, the hedge fund that borrowed billions in crypto from major centralized lenders, has officially filed bankruptcy after being ordered to liquidate by a court.
Outside crypto, things are terrible in traditional markets across stocks and bonds.
NEWS:
Goodnight 3AC:
NFTs:
RUGS:
Huge bridge hack that has devastated the Harmony blockchain, perhaps for good.
POD O’ THE WEEK:
UpOnly is back
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