As NLW said on each day’s show, “in addition to them being a sponsor of the show, I also work with FTX.” On today’s show, NLW gives an insider’s view of the timeline, from the beginnings of trouble as the crypto community turned on Sam Bankman-Fried for his role in shaping industry regulations to the chaotic week that saw FTX go from high flyer to bankrupt. Along the way, [NLW] shares how he and other FTX employees felt as they realized that they, along with the rest of the crypto industry, had been duped, lied to and defrauded.
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Danny Nelson/CoinDesk, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
– TIMESTAMPS –
0:00 Intro
0:42 Sam Explains FTX Collapse
4:14 Lost Funds, FTT
8:03 FTX Alameda Relationship
11:45 Laundering, Collapse Timeline
15:16 FTX Hack, ESG
18:46 Political Donations, Parents
22:18 Blackrock, VC Investment
26:15 What Could It Mean For Crypto?
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
This episode is sponsored by Nexo.io, Circle and FTX US.
On this week’s “Long Reads Sunday,” NLW reads Sam Bankman-Fried’s “Possible Digital Asset Industry Standards.”
He also references Erik Voorhees “A Response to SBF and Principled Crypto Regulation” and a thread featuring Scupytruples.
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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.
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Sam Bankman-Fried’s FTX Exchange has just made a big investment into a new Altcoin that is set to change the Web3, crypto gaming, social media, and commerce gaming forever. Why are they so interested in this Altcoin? In today’s Crypto Banter DeFi, Miles Deutscher unpacks everything you need to know about this Altcoin right now. Don’t miss this show!
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All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research.
#BitcoinPrice#SamBankmanFried #SUI
00:00 CPI Numbers Inflation 9.1%
01:00 Bitcoin Price Dump & Pump
02:05 Bitcoin Technical Analysis
06:25 Trading Bitcoin – Short Trade
07:50 CPI Numbers Expectations
09:30 Crypto Market Update
12:05 How CPI Numbers Work
13:37 Bitcoin Dominance BTC.D
15:35 Bitcoin Price Daily Chart
16:49 FTX’s Latest Investment
17:50 SUI – New Blockchain
18:47 ByBit Bonus & Giveaways
19:25 What is SUI?
20:45 Mysten Labs
22:20 Move Programming Language
24:30 SUI Launch Date
25:42 Backing on SUI Blockchain
26:20 Sam Bankman-Fried Investing in SUI
29:20 SUI Token Launch
30:43 SUI Tokenomics
33:05 First Mover Advantage
35:15 More Details on SUI
35:50 Crypto Q and A
44:40 BTC Day Trading and Swing Trading
47:00 Bitcoin Short Trade