In this episode we begin with a discussion on macro views, where it's noted that ETH and Bitcoin have both decreased by around 5%, while alts have dropped 5-10%, indicating a further breakdown in correlation to macro.

Next, the episode covers Silvergate, a bank that leaned into Crypto and backed major exchanges like Binance and other big institutions. The bank reportedly lost $8bn through the FTX crisis, and the episode speculates that it will be investigated for money laundering.

The Mt. Gox settlement phase and the expected impact of the $2bn payout. Most NFTs are down about 2-3%, correlating positively to the price of Crypto, and Mutants and Azukis are noted as the top of volumes due to massive farming.

A special guest, Sam Ewen, head of Coindesk, joined to talk about the upcoming Consensus 2023 conference happening live in Austin, Texas. The conference is a major event shaping the direction of crypto and web3, and Coindesk's Microcosms NFT drop is happening live now.

Sam values the live event and the feelings surrounding in-person experiences and discusses the rewards involved in the Microcosms drop. The Microcosms focus on generative art, and there are collaborations with many major players to bring value. The episode concludes with a reminder to vote for prop house within the Rug DAO, emphasizing the need for participation in pushing towards decentralization.

Sam Ewen is on at 58:44

GM

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