7 Burst results for "Matthew Graham"
"matthew graham" Discussed on The Breakdown
"Funds and information safe. And award winning client engagement teams are available for support 24/7. By crypto instantly with fast flexible funding options on kraken. Download the kraken app on Google Play or the Apple App Store, or visit kraken dot com to join. Even if there is some room to be optimistic that it's not totally game over for the industry. We do likely have a lot more pain to go. One of the things that people are waiting to see this week is who fails because of exposure to FTX. Sino global capital has announced that it had losses in the mid 7 figures range. The crypto fund which reported around 300 million in assets under management at the start of the year had launched its flagship liquid value fund one in partnership with FTX. The pitch deck for the fund had promoted the fund's early access to the Solana ecosystem, as well as Alameda research and Sam bankman fried as direct owners of the fund. Sino CEO Matthew Graham has been uncharacteristically quiet over the past week and still hasn't broken the silence on his personal account, but the Sino global account did tweet on Monday, quote, our direct exposure to FTX exchange was confined to mid 7 figures health and custody. Our investment into the equity of FTX was made prior to the launch of our fund, and we did not invest any LP capital into FTX. Independent crypto market maker wintermute was one of the first entities to announce losses when FTX closed withdrawals on Friday. The firm's CEO tweeted that they had lost 55 million or so in FTX. Now, heartbreakingly yesterday, friend of the show Travis kling announced that his fund ikigai was also one of those with funds trapped. He wrote, unfortunately, I have some pretty bad news to share. Last week ikigai was caught up in the FTX collapse. We had a large majority of the hedge funds total assets on FTX. By the time we went to withdraw Monday morning, we got very little out. We're now stuck alongside everyone else. We've been in constant communication with our investors since Monday. The amount of support we've received has been astonishing given the circumstances and deeply heartwarming. It was entirely my fault and not anyone else's. I lost my investors money after they put faith in me to manage risk and I'm truly sorry for that. I've publicly endorsed FTX many times and I'm truly sorry for that. I was wrong. Now Travis went on to express an emotion that many in the space are feeling, writing, there's a ton of pontificating on bigger picture issues that could be done right now, but I just don't have it in me at the moment. I'm pretty disgusted with the space as a whole, and kind of humanity in general. I'm at a loss for words at the depth and breadth of the pieces of shit that permeate crypto. So many sociopaths were granted the opportunity to do so much damage. It's hard for me to imagine the space bouncing back quickly from this ordeal. Too many got burned too hard. If crypto is to recover and continue on its journey to make the world a better place, I believe the entire concept of trust has to be completely re architected. Bitcoin is trustless, then we built all these trusted things around it, and those things have failed catastrophically. It's obvious now that the space has not done enough to identify and expel bad actors. We're letting way too many sociopaths get way too powerful, and then we all pay the price. If you get guy continues on, we pledge to fight harder in this regard. It's a fight worth fighting. Now this is the point in the show where if I were going to give it attention, I would sneer about the disgusting attempt by Sue and Kyle of three hours capital to use this catastrophe as a way to claw back and start their redemption arc. I may ultimately have to bring that up and give it a full show and deploy the full power of this platform to make sure that that's not allowed to happen, but for now I will just say that I very much resonate with Travis and I hope that this gets better for him and ikigai. Now outside of these specific examples, more broadly across the hedge fund space, the likelihood of contagion seems high. According to grit capital 25 to 40% of hedge funds have some direct exposure to FTX equity or FTT tokens. Their CEO genevieve Roche dechter anticipates a record number of investor redemption requests from crypto hedge funds in November. In the realm of 2 billion, which exceeds even the 1.3 billion we saw in June. Her estimate of direct exposure to FTX portfolio companies was 7 to 12% on average across all hedge funds. She anticipates that hedge funds will enforce gate positions limiting withdrawals due to extreme circumstances, but this would lead to a difficult fundraising environment as investors rightly question the due diligence of many funds with exposure to the FTX empire. In other areas, bankrupt lender Voyager has reopened bidding in a takeover deal, which was previously looking like it would go to FTX. The revelations about the bankruptcy of FTX have cast that deal in a new light. Many speculate that the deal may simply have been a play to stall the liquidation of either FTT or other Solana ecosystem tokens, held on the FTX and Alameda balance sheets. Meanwhile, a report from kaiko has outlined the impact that the bankruptcy of Alameda research has had on market liquidity. Calling the phenomenon the Alameda gap, kaiko noted that the drop in liquidity over the last week has been far larger than any previous market drawdown, and suggested that it could be here to stay. According to the kaiko report, Bitcoin liquidity around the midpoint of pricing had fallen by around 40% across 18 exchanges. Major exchanges saw drops in liquidity between 18 and 57%. Liquidity in altcoins was even more concerning they said, with Solana's total market depth falling by 50% aggregated across all order books. While Alameda's absences market maker is obviously playing a role, the general sentiment of fear and insolvency of other exchanges could also be leading in general to market makers reducing their exposure to less trusted exchanges. Finally, a big shoe that many expected to drop drop today with The Wall Street Journal publishing a piece that BlockFi is preparing for potential bankruptcy now. Adam Cochran retweeted this news and said, this is what I mean by contagion unravels slowly here. BlockFi was an almost closed deal with FTX, so it was known last week 100% that this would happen, but only now are they announcing to prepare for bankruptcy. All the funds startups and other entities that had bad contagion here will take time to process their books, look for options and plan next steps before liquidating. Big things unwind slowly. Now to close on a forward looking note, a lot of people are asking what comes next. And on that front, there was an interesting thread from market maker Cumberland. They haven't announced any losses, but wrote this thread about changing market structure following the FTX collapse. Last week was Cumberland's most active week ever. Beneath the chaos and explosive volumes, the FTX bankruptcy has triggered some important market structure changes. For some time now, the various functions of crypto spot trading have been trending towards a model of all in one platform centralization. Liquidity, clearing, settlement, custody, and even lending were coalescing under a very limited number of roofs. A similar trend was taking shape in the crypto derivatives market, where the providers of leverage were one and the same as the providers of liquidity. The events of last week triggered a handbrake turn, and while it's still too early to predict, crypto market structure now seems likely to mirror foreign exchange. A world where assets and capital aren't parked on centralized exchanges. Instead, digital assets will reside in countless silos around the world, and the functions of custody lending settlement clearing and most importantly liquidity will be offered by an array of intermediary nodes and providers in an interconnected but non interdependent web. Over the counter trading is the lifeblood of spot FX liquidity and will only become more important for crypto going forward. After all, currencies are bearer assets and so is crypto. Thus in 2023, we expect to see the emergence of a variety of regulated entities who will become the trustworthy providers of various well defined market services. Each will carve out their niche and partner with a network of other providers to offer a full service stack to end users, much like the banks around the world currently aggregate OTC FX liquidity into their settlement mechanisms and offer options for leverage, custody, et cetera, to clients. Centralized exchanges had every incentive to push the all in one model and hindsight some of those incentives were perverse. FTX was happy to offer 20 X leverage because doing so increase the probability that a user would be forced liquidated by Alameda at an unattractive price. Ultimately, markets involve trust and the events of last week damage trust in the crypto industry. That said, FTX is insolvency, absolutely must be differentiated from the viability of blockchain technology. While it's disheartening to watch a large digital asset empire crumble into a modern incarnation of Lehman enron Madoff and theranos, no relevant chains stop processing blocks last week. These industry defining events are usually the predecessors of market recovery. Now the dimension that they're talking about this change, IE market structure may seem a little less exciting or dynamic than other things that people are talking about doing differently. But I think in many ways, some of the biggest changes that actually have the force to reshape the market in a different way could be in the form of disaggregating these centralized companies and making sure that there's no way to accrue too much power and too much coordinated power in one spot. Anyways guys, like I said, a lot of the content this week is going to be a little bit bleak as we figure out who is really impacted by this collapse and what happens next. But I promise you there will be another side of it. Like I said, get excited for our grateful for Bitcoin series, which starts at the very beginning of next week, and we'll run throughout. And until tomorrow be safe and take care of each other. Peace
"matthew graham" Discussed on CoinDesk Podcast Network
"Platform uses aggregated liquidity of over 3000 order books collected from multiple sources. Utilizing the complete nexo suite allows you to earn interest and borrow funds as you wait for the next trade setup. Visit pro nexo dot IO. That's PRO dot N EXO dot IO and sign up today. This episode is brought to you by circle. The sole issuer of USD C and a leader in crypto that's held to a higher standard. USD C is a fast safe and efficient way to send money around the globe. USD C is always redeemable one to one for U.S. dollars, and has over $45 billion in circulation as of October 13th, 2022. Plus, circle posts weekly reserve reports and monthly attestations of reserve capital, letting users know that USD C is safe transparent and compliant with regulations. Just go to circle dot com backslash transparency to see why USD C is a trusted stablecoin. As one of the largest, longest lasting, and most secure exchanges, kraken continues to set the industry example for transparency and trust. Twice yearly proof of reserves audits verify your assets are backed by real assets. Industry leading security keeps your funds and information safe. And award winning client engagement teams are available for support 24/7. By crypto instantly with fast flexible funding options on kraken. Download the kraken app on Google Play or the Apple App Store, or visit kraken dot com to join. Even if there is some room to be optimistic that it's not totally game over for the industry. We do likely have a lot more pain to go. One of the things that people are waiting to see this week is who fails because of exposure to FTX. Sino global capital has announced that it had losses in the mid 7 figures range. The crypto fund which reported around 300 million in assets under management at the start of the year had launched its flagship liquid value fund one in partnership with FTX. The pitch deck for the fund had promoted the fund's early access to the Solana ecosystem, as well as Alameda research and Sam bankman fried as direct owners of the fund. Sino CEO Matthew Graham has been uncharacteristically quiet over the past week and still hasn't broken the silence on his personal account, but the Sino global account did tweet on Monday, quote, our direct exposure to FTX exchange was confined to mid 7 figures health and custody. Our investment into the equity of FTX was made prior to the launch of our fund, and we did not invest any LP capital into FTX. Independent crypto market
"matthew graham" Discussed on The Autosport Podcast
"There's a career to be made in a GT car, whether it's with Porsche, whether it's with other manufacturers, whether it's with individual teams. But they have realized that getting into GT racing early is a good thing. And therefore, we've been blessed for the last three or four seasons with the likes of Harry king, lorcan Hannah from will Martin, K and Joe is now Matty Graham's and other one. And the quality of racing has been very good because you've got these young guns all eager to succeed and to prove themselves in big powerful cars that they have precious little experience of. And the new car, 510 horsepower. It's a big beast, but it has been very, very well received. And quite often, if you think back over the previous 20 years of the championship, where Carrera cup struggled was the transition year, here's a new car because they didn't have both running simultaneously. This is the new car now. And grids would dip as people had to find the money to buy it. Well, no problem at the moment, in spite of everything that we've gone through and are going through in terms of the economy and outside factors. It's a full grid. With the championship now having settled on a pro, a pro am, and an am format. Good battles across all the classes. The cars look and sound stalling. And the quality of racing is perhaps, you know, these last three, four seasons better than it's ever been. It's hard to echo all those sentiments and certainly the number of young drivers in GT racing generally. I mean, I think there are probably more professional racing drivers in GT racing. These days than in any other branch of the sport, if you include all the various GT3 categories around the world. So it makes an awful lot of sense for these drives. Just looking at those top 5. So we've got Jewish in the lead of the championship. Obviously he's got British F four champion secrecy to background. Theo just in who's come through the Porsche challenge from last year, which was Porsche's little route in, which is nice. Adds a small that's done genetics. Will Martin is in his third third year. I think if Carrera cup and Matthew Graham has got well, he's done a little bit of everything actually. He's done single seat as GT's and crack up. So it's a nice mix. Steven, who's your one, David? Do you want to add something? Only to say, go a bit further down your championship table. And you get to set Morris. British GT champion, and he got as far as GP three. A relatively young gun. But again, he's an experienced driver. And somebody else that, as he gets familiar with the car, I suspect we'll be up in that mix as well. But it illustrates the type of driver that Carrera caps now appealing to. Yeah, absolutely. That has also reminded me of why, of course, Tim Harvey has worked so hard to get Dan came. Back into touring cars and helped him out so much because he wants to hold on to that wins record. So you get the insights here, but Steven. Was the star was the star at brown's actuals and in the damp conditions a second and a first. He's got the championship. He showed flashes of potential last year. We know that he's got some raw ability there. Is he the favorite? Or is it just too close too early to really tell at this stage? I think he is the favorite but only very very slightly because I think that the way he bounced back he had a difficult first race at donington park where he had a couple of clashes, one with Gus Burton for the lead and another one when he was trying to sort of fight back through the pack. So he didn't score in that first race. And he was back on the grid in the second race. But he stormed from 14th to 6th on the first lap at donington. And that is just an incredible achievement, really. And he was similarly brilliant off the line in bran's hatch as well. He didn't have the best qualifying session, and was instantly challenging at the front. And I think he's had the experience of coming into the championship last year. Watching the likes of Dan Kash Harry came north and Hannah Finn, and he's going to be tough to beat this year, but by no means is he going to have it on his own way, because we see how close and competitive it is. The perfect demonstration of that was the fact that the fastest lap point had to be shared at donington park, which was set to the same time to the thousandth of a second. I mean, how often does that happen? It's crazy how in competitive the championship is this year. And as David said, to get 25 cars on the grid, these aren't cheap cars. To get 25 on the grid, given everything that's going on at the moment, it's just incredible. And it tells you how well perceived the championship is at the moment that drives a queuing up and teams appearing up to get involved. And it's in a really good place at the moment. I do like the look of the car. So I'm a bit of a sucker for Porsches, but I think there are definitely a strong part of the package. But now one challenge that didn't look after the first four races, like it was going to have much of a chance you'd fight because we'd had the same winner in three of those four races. Another chance with the new car, British F four, there's a lot of new things about that, Steven, which will obviously you'll have to give us a quick quick run through. But Alex Dunn looked like this was going to be a runaway championship. And then it all failed to pieces a bit in the second and third races. So first of all, just talk us through the changes for formula four. And whether you think that that's just a blip for done or whether we actually will have a chance to find our hands. The changes, it's hard to say what has stayed the same really other than the fact that the championship is still on the British touring culture support package. It's got a new promoter in British governing body motor sport UK. It's got a new car in the tattoo, a new engine in the bath, which has been tuned by one of the continuing elements, which is the NBA Neil Brown.
"matthew graham" Discussed on The Breakdown with NLW
"Bringing it back to our first question, the consequences of a new China COVID lockdown. Of course, much depends on just how long this lockdown lasts. If it is short, perhaps it only adds minorly to the already intense inflationary pressures around the world. If, on the other hand, it becomes a protracted lockdown that further disrupts the global economy, the consequences could be much more serious. Welcome back to the breakdown with me, and I'll W it's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. The breakdown is sponsored by nexo IO, arculus, and FTX. And produced and distributed by coin desk. What's going on guys? It is Tuesday, march 15th, and today we are talking about the consequences or potential consequences of a new China COVID lockdown. However, before we get into that, if you are enjoying the breakdown, please go subscribe, rate, review. You know, the whole schtick, and of course, if you want to get deeper into the conversation, I would love for you to come join us on the breakers Discord. You can find the link in the show notes or go to bit not least slash breakdown pod. Also a disclosure as always in addition to them being a sponsor of the show I also work with FTX. Now to get this show started, let's go back to February 2 years ago, 2020. It's a really weird moment for those of us in the crypto world and to a lesser extent the financial world in general. Anyone who has sort of business dealings or regular contact with China is watching this new mystery disease just absolutely shut down huge parts of that country. Meanwhile, in the U.S., everything is proceeding like nothing is happening. Stocks aren't paying attention, markets aren't paying attention. Really, it's business as usual. To get a sense of this weird dichotomy, go listen to my episode with Matthew Graham, who was in China from March 3rd, 2020. That was two weeks before really anything in the west had changed at all. Now of course we know what happened next and what the preceding couple of years have been like. And so with that context in mind, I want to start this show with this quote from Neil Irwin the chief economic correspondent at axios. He writes, we're currently living in the brief moment between when finance and econ Twitter has realized that the new COVID lockdowns in Shenzhen are going to have a hugely bad consequence for U.S. inflation, but that is not yet become widely reported conventional wisdom. Ominous, ominous indeed. So what's going on? Well, Bloomberg started reporting two days ago that China had locked down Shenzhen city and jilin province. In jilin, residents are forbidden from leaving in Shenzhen, 17.5 million residents are in lockdown for at least a week. Apple supplier Foxconn has halted operations and Hong Kong is also dealing with increased cases, Shanghai suspended in person classes and is shutting down intercity bus service. So what prompted this? COVID-19 rearing its ugly head again. A few days ago, cases doubled in a single day, and it's not just cases going up its deaths. Over the last couple of weeks, cases in Hong Kong hit 6000 per million and deaths hit 25 per million per day, which is the worst death spike of the pandemic. John burden Murdoch from the Financial Times gives a little bit of background and explains what might be going on. Quote, I'm not sure people appreciate quite how bad the COVID situation is in Hong Kong. Nor what might be around the corner. After keeping COVID at bay for two years, Omni Kron has hit Hong Kong and New Zealand. But the outcomes could not be more different. After accounting for lag between infection and death, one in 20 cases in Hong Kong currently ends in death. To put that into context, Hong Kong's case fatality rate is currently higher than England's pre vaccine peak, two years into the pandemic. Comparing Hong Kong to its peers, all of whom kept COVID largely at bay for the best part of two years, it's extraordinary the extent to which it is an outlier in terms of the lethality of this wave. So what's driving this? Vaccines, or more specifically, the elderly vaccination rate. When Omnicom hit more than two thirds of people aged 80 plus in Hong Kong were still unvaccinated. Compared to a couple of percent in New Zealand and Singapore. This was a year after vaccines became available. Exacerbating this is that most of Hong Kong's elderly vaccinees had China's non mRNA sinovac shot, which is less effective than Pfizer, et cetera at blocking infection. Sound of act does fare better against severe disease, but overall this is likely to have contributed to the poor outcomes. Earlier I warned about what might be yet around the corner. Aside from Hong Kong itself where the surge in cases in recent days is sure to have locked in hundreds more deaths, the looming crisis is in Mainland China, where elderly vaccination rates are only slightly better than Hong Kong. Around 15 million over 80s in Mainland China are still unvaccinated, an astonishing number. In recent days, China has locked down tens of millions in several cities as it braces for a much worse way than January 2020, where the.
"matthew graham" Discussed on AmbitiousLy the podcast: The Black Experience
"Making way twenty photos college. If win the side. He's in delhi. You'll sell you. Don't you way of saying thank you matthew graham. She led me for a grant she has. Am down those walls caller ram but that pussy was wet for what power told a slam. Don't give a damn put your bag if it don't fit cram five back from texas and our thirteen everything you bitches. Nation netafim.
"matthew graham" Discussed on CoinDesk Podcast Network
"Emmer a republican. From minnesota darren soto a democrat from florida and ro khanna a democrat from california emmer said quote. There's been an unreasonable approach. By regulators as to how federal securities laws should be applied to transactions involving the sale of blockchain based tokens and this lack of is hurting american innovation. Now the interesting things that this bill was originally introduced last year in september but it was only sponsored by republicans. The thinking is that with these democratic co-sponsors it might eight passage in the democratic led house. If this were to actually make it through it would represent a pretty significant shift in how the us treated these types of digital assets. So it'll be interesting to watch even if it doesn't pass who supports it and who doesn't and for what reasons but as i said this little brief is about a mixed bag when it comes to us regulators as i mentioned a couple times recently a number of us. Lawmakers just seem intent on dragging back. The crypto is for criminals narrative last week. Senator chuck grassley of ohio. The senate judiciary. Committee's ranking republican told the biden administration's current drugs are that bitcoin is enabling seventy-six billion dollars illegal transactions every year. Now if that sounds high to you you are not alone. Grassley sources an interpretation of research from twenty seventeen. That said that half of bitcoin activity is illegal. The issue with that as the ceo of elliptical put. It is that quote. Those figures are based on outdated and deeply flawed analysis. The first thing here is that there's obviously so much more recent quality analysis available that is just being one hundred percent ignored by the senator. I mean every three letter agency has contracts multimillion dollar contracts in most cases with chain analysis in elliptic and others at this point. The specifics of their concerns are also just not valid. Far from being untraceable many privacy advocates. Worry that blockchain's are traceable. However when people aren't arguing in good faith it makes discussion impossible so which of these two poles of. Us regulatory attitudes towards crypto wins out. Just have to wait and see. Let's jump over now. However to china the people's bank of china has put out a white paper for their digital yuan aka the e. c. n. y. There are two really interesting things about it. The first is how they articulate the wise the motivations for the project quote adopting blockchain and encryption technology crypto currencies such as bitcoin or claim to be decentralized and entirely anonymous however given their lack of intrinsic value acute price fluctuations low trading efficiencies and huge energy consumption. They can hardly service currencies used in daily economic activities. In addition crypto currencies or mostly speculative instruments and therefore pose potential risks to financial security and social stability to tackle the relatively big price fluctuation concern of crypto currencies. Some commercial institutions launched so called stable coins and tried to stabilize their values by pegging them to sovereign currencies or related assets some commercial institutions even plan to launch global stable coins which will bring risks and challenges to the international monetary system payment and clearing system monetary policies cross-border capital flow management etc. So unlike for example the us where a lot of the motivation for doing a potential digital dollar is to compete with other digital fiat currencies china clearly identifies a threat in crypto currencies and stable coins that they wanted to address themselves. The second major interesting thing about this white paper is that it reveals that one of the major features of the e. c. n. y. Is program ability in other words. China's digital currency is designed to natively support smart contracts quote ec. Ny ny obtains program ability from deploying smart contracts that don't impair its monetary functions. Under the premise of security and compliance this feature enables self executing payments according to predefined conditions or terms agreed between two sides so as to facilitate business model innovation. This was the first time that china confirmed that. It's e. c. n. y. Would have these smart contract features. Finally the paper gives a little bit of insight into the various tests that have happened with the digital currency so far as of june thirtieth the tests that have happened across chinese cities have seen seventeen million transactions totalling about five point three billion dollars worth of currency and flowing through twenty million retail wallets. Three point five million business wallets matthew. Graham of sino global capital tweeted a piece about the white paper and said quote. The united states is making an enormous strategic mistake by not prioritizing e usd. I think when looking at that it's important to keep in mind what we discussed earlier this week. In the context of the federal reserve vice chairs comments about stable coins. It seems plausible. That the us just at some point enables existing fiat stable coins like us to play a bit of an official role in which case the playing field of. Who's ahead looks a lot different than it does. If you're just looking at official.
"matthew graham" Discussed on Next Stop Everywhere: The Doctor Who Podcast
"In a pretty girls calling you out. So of course jamie worked on. Yeah that's dislike. You gotta call outs so you step up. So all right so What's your rating for this story. So i gave this a lot to debate in. Inci ended up in. I want to stress. You know. I liked it a lot. But i'm going to give it because of the the the way the story unfolded. I'm gonna give it seven and a half I'm sorry seven and a half Missing passports there is. Oh i liked it i liked it i just i think the i would almost do a six in in like in an eight or something eight and a half like past three really strong how. 'bout you averaged out half. Yes how about you okay. I'm a little bit higher than you. i give it. An eight edited flame. Bc's yeah. i would not take me long. And i bet you if i had done like you did not seen her animated. I probably would have given an extra half point. This was good. This was a really nice one. Visit with episode of france on episode and. I'm glad that they took the time to animate it so that we can enjoy it. Yeah that's one of the. Doesn't you know it's not really hyped. I think it's an underrated story. And i think that has been animated. It probably will rake a high little bit. Higher in a lot of fans is now. They've get to experience the whole thing all right reverse the reverse the player so i got the idea for this one from certain listener. Who will get feedback from here shortly. But so we're going to reverse the reversed the player because we reverse it they reverse back again as we go forward in time to to eleven with the rebel flesh slash. The almost people. I almost brought that up. When we were talking about how often the duplicates storyline almost said well of course. They did the similar storylines so excellent. Choice charles yeah so like i said this is what that kinda was suggested. I read the email. And i was just like you know you're absolutely right so i agree with our our feedback person here. So we'll we'll talk about them shortly. But these are the fifth and sixth episodes a series six in two thousand eleven written by matthew graham so this was during the matt smith era and the aforementioned pond in roy williams so would a fan favorite areas of doctor who modern who and i will go through the whole thing for the sake of time but this is like jesse said this is pretty a little simpler because the tartus gets caught up to the solar saddam materializes on earth the twenty second century so coming in the future the eleventh doctor abia rory find themselves this remote island where there's like a factory that's like pumping out a highly corrosive acid to.