A host of various crypto firms announced that they’d be ending their partnership with the embattled Silvergate. Once a key piece of the crypto-tradfi puzzle, the California-based bank has fallen on hard times in the wake of FTX. This became even more clear, though, after it delayed its 10-K filing with the SEC, stating that the firm could be “less than well-capitalized” after another audit.
Largest NFT Collectors Joined Undeads Metaverse NFT Drop in First Public Mint
Among the noteworthy participants are n0b0dy.eth, a prominent and esteemed major collector who owns NFTs valued at $18 million, @CliveAlderman, whose NFTs are worth $2 million, and an anonymous holder of BAYC.
Avalanche founder and Ava Labs CEO Emin Gun Sirer has been working on proof-of-work cryptocurrencies since before Bitcoin (seriously). He talked to Dan Roberts and Stacy Elliott about how Avalanche avoided FTX and how much damage SBF has done to crypto’s image with VCs, why institutions still aren’t backing away from crypto, why Avalanche will succeed in the long run, and trying to cater to both Wall Street institutions and DeFi degens. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
Tune in Saturday for “Snow Crash” author Neal Stephenson!
