Terra’s Collapse Explained in 5 Minutes and Other Top Crypto Updates
Welcome to Efficient Frontier’s first cryptocurrency news roundup!
Here are the most interesting and informative links we’ve come across (or posted!) lately:
If you need a concise rundown, here’s our 4-minute explanation of the Terra collapse in 5 charts.
Bloomberg’s podcast talked with Kevin Zho, the crypto hedge fund founder who led the effort to warn against Terra for months. The crypto veteran details Terra’s collapse and algo-stables from A-Z.
Bear market advice thread for crypto founders by Michelle Bailhe from Sequoia VC
On-chain data from Massari shows a $8 billion drop in USDT tokens outstanding, also signalling redemptions.
Terra collapse aftermath
The Block reported Celsius withdrew half a billion dollar out of Anchor before it crashed
Economist Tuur Demeester warns to be cautious of passive income products such as Celsius, Nexo and BlockFi
Twitter thread: The Block Research on how Jump tried to defend the UST peg
Why are we into crypto in the first place? Is Fiat currency inherently evil?
If you have a couple of hours…Lex Fredman talks with one of the world’s most adamant and captivating Bitcoin believers about the Fiat money system, Bitcoin and much more.
Yat Siu talks about building in the bear market, his fundamental views on the Metaverse, digital property rights and how Animoca Brands got into crypto investing in 2018.