Making Markets

Andrew Parish: The DCG, Genesis, Gemini Saga and Operation Chokepoint - [Web3 Breakdowns, EP.59]


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This is Eric Golden and my guest this week is Andrew Parish. Andrew's Twitter account @AP_Abacus has grown based on his access to rumors and information about crypto. He is no stranger to controversy and getting information flow. Andrew is aware his views and tweets can upset some, especially those in power he may be calling out. Andrew's background and information gathering helped him identify several high-profile issues with businesses like FTX and Gemini, and his Twitter account has become a go-to source for breaking rumors. Andrew is the co-founder of Arch Public, which is building automated trading algorithms and blockchain authentication for brands and alternative assets. We dive into the Gemini-Genesis and DCG Saga before raising an alarm on the coordinated actions of crypto regulators. Please enjoy my conversation with Andrew Parish.

 

For the full show notes, transcript, and links to the best content to learn more, check out the episode page here

 

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Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.

 

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Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 


Show Notes

[00:02:40] - [First question] - His look behind the curtain at DCG Genesis and Gemini 

[00:05:46] - The connections he discovered between DCG and Gemini

[00:07:40] - The special circumstances that led to Gemini’s unique exposure and platform

[00:09:45] - How external lending by Genesis led to cascades of trouble in crypto markets

[00:13:27] - DCG’s problematic transactions associated with Three Arrows

[00:16:19] - The unraveling of DCG’s integrity following the collapse of FTX

[00:17:27] - How Gemini tried to hang on to its image and win over public opinion

[00:21:25] - A basic overview of the DCG-Gemini deal as it stands today

[00:23:37] - His correction of the mainstream story about Grayscale (GBTC)

[00:29:04] - His process of sourcing information and separating signal from noise

[00:35:11] - How regulators are choking out crypto-based businesses using banking infrastructure

[00:44:22] - The potential for legal escalation between banks and federal regulators

[00:45:59] - A deeper look at circumstances that may point to conspiracy by regulators

[00:49:25] - Additional concerns he has that he hasn’t shared yet on Twitter

[00:50:54] - What he’s most excited to build over the next six months and six years

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