Blockworks
Blockworks

@Blockworks_

7 Tweets Dec 06, 2022
Friday at last.
Recap of this week's stories 🧡
By @theempirepod
1. The 3AC Situation
- Voyager issued a notice of default to 3AC for failure to repay $670M in loans
- 3AC was ordered into liquidation by a British Virgin Islands court
- MAS says that 3AC failed regulatory requirements and misled regulators
blockworks.co
2. Grayscale Sues SEC
Grayscale sued the SEC after the agency rejected its application to convert its Bitcoin trust into an ETF
blockworks.co
3. CoinFLEX:
After halting withdrawals last week, the exchange announced plans to issue a new token to cover a $47M shortfall.
CoinFLEX’s CEO confirmed that Roger Ver was the counterparty whose outstanding debt forced the exchange to halt withdrawals.
blockworks.co
4. CeFi and DeFi
FTX is seeking to acquire BlockFi.
Will users from BlockFi, Celsius, etc start using DeFi?
What is necessary for that to happen?
blockworks.co
5. Maker Governance
The Maker Governance is voting to invest $400M in short-term treasuries and $100M in short-term bonds.
6. Weekly Roundup
This @theempirepod episode also covers:
- Why users aren't ready to use DeFi
- A potential Bitcoin miner death spiral
- Arthur Hayes' predictions
- Capital efficiency in DeFi
- The next crypto catalyst
Watch:
youtu.be

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