ep. 100


Roundup: BlockFi Down Round | DAOs Scrambling | Cynthia Lummis Bill | FTX vs Coinbase

In this episode of Empire's Weekly Roundup, Jason and Mike discuss the current state of crypto. It's officially a bear market, so how are companies and DAOs responding? What are the stories that you need to know? Tune in to find out.

Highlights include:

  • Did companies overhire
  • What happens in a down round
  • Why we need to separate investors from traders
  • DAOs look to stables and the need for debt financing
  • The Coinbase vs FTX strategy debate
  • Is the Lummis bill good for crypto
  • Enterprise blockchains are back
  • Optimism loses 20M OP tokens
  • ApeCoin DAO sides with Ethereum

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Referenced in the show:

BlockFi down round


Novogratz says 2/3 of crypto funds will fail


Lido, FEI and Frax proposals




SBF on Empire


SBF on Invest Like The Best


FTX surpasses Coinbase in BTC & ETH spot trading


Coinbase job portal


Richard Burton article on how crypto is like building hardware


Tim Beiko on Bankless



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(00:00) Introduction

(02:45) Down Rounds, Layoffs and Hiring Freezes

(16:40) An Investor Reckoning?

(18:20) Separating Investors vs Traders

(20:05) Frothy Private Markets

(23:50) DAO Treasuries and Debt Financing

(27:53) Questioning Token Buybacks

(32:30) Bitmex Ad

(33:33) FTX Surpassing Coinbase

(40:15) Cynthia Lummis Bill

(45:15) Are Tokens Securities?

(48:21) Salesforce and Enterprise Blockchains

(56:15) Optimism loses $20M OP tokens

(59:45) APE DAO votes on Ethereum

(1:03:40) When ETH merge


Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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