The Chopping Block: Why the Crypto Markets Have Been Down This Week
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The Chopping Block is back! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: why crypto assets experienced a drawdown after last week’s FOMC meeting that hinted at accelerated rate hikes which emerging assets Tarun, Haseeb, and Tom envision weathering a bear market which assets could be further hurt by a continued bear market the significance of Paradigm and Sequoia investing in Citadel Securities what aspects of Signal CEO Moxie Marlinspike’s web3 article Haseeb, Tom, and Tarun take umbrage with whether Cryptoland is crypto’s Fyre Festival or whether it’s the metaverse what the heck is going on with the Pudgy Penguins community the lessons from the CFTC’s fine of Polymarket (disclosure: a former sponsor of my shows)   Episode Links   Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra    Topics   FOMC = Crypto assets dip https://www.ar.ca/blog/debunking-more-overreactions-to-macro-a-ronin-case-study Paradigm + Sequoia invest in Citadel Securities https://www.coindesk.com/business/2022/01/11/paradigm-sequoia-to-invest-115b-in-citadel-securities-bringing-trading-firm-closer-to-crypto/ Cryptoland https://thenextweb.com/news/welcome-to-cryptoland-real-island-cryptocurrency-fans-analysis Moxie Marlinspike’s first impressions of web3 https://moxie.org/2022/01/07/web3-first-impressions.html Pudgy Penguins drama https://thedefiant.io/fire-on-the-iceberg-pudgy-penguin-holders-eye-coup-amid-acquisition-talks/ Polymarket fined by CFTC ​​https://www.coindesk.com/policy/2022/01/03/cftc-fines-crypto-betting-service-polymarket-14m-for-unregistered-swaps/
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