Richie Jiaravanon

Avid Hockey Fan

[Taylor Fritz @Taylor_Fritz97]

Yo why’d nobody tell me that shit was backwards

[sophie @netcapgirl]

guy who thinks you hire mckinsey for their insights

[Zach Rynes | CLG @ChainLinkGod]

Yeah man crypto is the future, let me bring you up to speed

First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out)

This caused the largest crypto hedge fund to go insolvent due to excessive leverage, 3AC ($3B AUM wiped out)

3AC borrowed funds from all the largest crypto lenders, each of who went insolvent after bank runs inevitably occurred, causing a market wide credit crunch

Celsius ($12B AUM, $1.2B deficit), Voyager ($1.6B AUM, ~$670M default), BlockFi ($3.9B AUM, $400M revolving credit)

Voyager and BlockFi were bailed out by FTX/Alameda, but ah turns out they were complete fraud too

With $10B of customer funds siphoned from FTX to cover Alameda’s losses, a bank run took place, creating a second contagion wave, leaving Voyager/BlockFi rekt again

Genesis Lending, under the DCG conglomerate, also went bankrupt due to Alameda/FTX exposure ($3B shortfall)

Gemini was lending $900M in customer funds to Genesis, so they and their customers inevitably got wrapped in the mess too

No doubt TradFi is involved in this too, with the collapse of two banks that were key banking partners for crypto

Silvergate (FTX’s banking partner and ran an payment network for crypto exchanges) experienced a bank run and collapsed after losing $1B on bonds

While SVB (Circle’s banking partner for USDC and most tech startups) experienced a bank run and collapsed after losing $1.8B on bonds

Not looking too good for Signature Bank either, which runs the ‘other’ bank payment network for crypto exchanges

Can’t forget the SEC trying to strongarm the industry from shutting down Kraken’s staking product to calling Paxos’ stablecoins a security and shutting down BUSD, and much more

Various banking regulators also strongarming banks into refusing to onboard crypto companies as clients, forcing them overseas and to use sketchy counterparts

Anyways

Have you heard of liquid staking derivatives and re-staking? Pretty cool financial engineering right there, crypto innovation never stops 💪

[Spinnin Backfist @SpinninBackfist]

still the wildest submission victory ever https://t.co/ob0Ug0oWHZ

[Ian @IanLivesCrypto]

Finally met the team of @ivcryptofund in person! Love these guys 💯 @RichieLychee @alex_yehya @AnnChien

[Tony Ferguson @TonyFergusonXT]

Congratulations to @MikeChandlerMMA On his victory at UFC👣274. Had lots of fun in there, you fans are Fuckin’ wild I love this shit! Feels good to be back & hungry again. We were just getting started. Best Of Luck In Your Next Fight- Champ # ForTheLoveOfTheGame -CSO- 🇺🇸🏆🇲🇽

[W3GG 💛 @w3ggofficial]

We’ve been asked by everyone: Wen IDO? Wen MOON?

Wait NO MORE 🙌

We are beyond excited to announce our $SEA Token Public Sale on Copper Launch 🚀

⏰ May 9th - May 14th

For more details, read here 👇

#WeAreSEA #WeAreYGG
https://t.co/eEkWLSjz5h

[Richie Jiaravanon @RichieLychee]

@elonmusk Can't believe this is real lol

[Do Kwon 🌕 @stablekwon]

Today I:

- Watered my plants
- Wrote some emails
- Bought 230M in $BTC
- vacuumed the house
- had some mcdonalds

Now off to walk the dog 🤝

[IVC (Infinity Ventures Crypto) @ivcryptofund]

Don't forget to check out the first episode from our new #IVC podcast, featuring CEO Robby @viewfromhk from @animocabrands!

Listen to this episode in the links below:

Apple Podcasts: https://t.co/EKdrjLkhTT

Spotify: https://t.co/NjM2AUeSrP

[IVC (Infinity Ventures Crypto) @ivcryptofund]

Our new #IVC podcast, The Main Chain, has just launched today!

We will host a series of talks with #blockchain luminaries from the #GameFi, #DeFi and #Web3 fields 🙌

Meet our first guest, Robby Yung (@viewfromhk) from @animocabrands in the link below!

https://t.co/NRrLZz7kzj

[IVC (Infinity Ventures Crypto) @ivcryptofund]

Meet @YieldGuild's new subDAO: @YGGJapan!

With support from #YGG's Gabby @gabusch as Co-Founder and #IVC's Akio @tanakaakio as a Core Member, YGG Japan aims to lead the world of #PlayToEarn into the Japanese gaming market 🙌

Read more about it below:

https://t.co/uFmKaLPpK2

[CoinDesk @CoinDesk]

Taipei's @ivcryptofund has $70 million to invest in Web 3 startups. Here's why more than half is going to Asia.

By @thesamreynolds

https://t.co/sltmPRK4qh

[Tech in Asia @techinasia]

YGG SEA will initially focus on Indonesia, Vietnam, Singapore, and Thailand before expanding throughout the region. https://t.co/oOTCJzSeOc

[Gabby Dizon | YGG @gabusch]

.@yggsea is the first of YGG geo subDAOs. Going deep into Vietnam, Indonesia, Thailand and Malaysia to bring web3 and play-to-earn to the next billion, one community at a time.

[W3GG 💛 @w3ggofficial]

YGG SEA Launches to Open the Metaverse to All of Southeast Asia. #P2EGame #P2Egaming #NFTGame #AxieInfinity #AxieScholar #AxieinfinityScholarship @YieldGuild @ivcryptofund #NFTs #NFTCommunity

https://t.co/YX3GYiqqjm

[Ian @IanLivesCrypto]

Happy to be supporting my favorite crypto VC, @ivcryptofund, to share what a big help they are in my journey as a founder at their LP Summit!

@LuBall13 @herbiefu @alex_yehya @RichieLychee @JorLaw8

[The Sandbox @TheSandboxGame]

We're thrilled to announce @TheSandboxGame Series B of $93M led by Softbank Vision Fund 2, the very first they do in crypto assets

https://t.co/KrC1n4qAYH…

Join our community to be part of this fantastic journey. A thread below 👇

[W3GG 💛 @w3ggofficial]

Launching soon... #YGGsea

[Lark Davis @LarkDavis]

Are you buying the dip on #crypto, and if so what? Or are you waiting for a deeper dip?