Liquidity In Crypto Is Declining - Scott Freeman

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Crypto: Blockworks
November 24, 2022

Scott Freeman, co-founder and partner at JST Capital, a financial services firm focused 100% on digital assets, joins Jack to explain just what the hell is going on in crypto after the spectacular collapse of Sam Bankman-Fried’s (“SBF”) crypto empire, consisting of the crypto exchange FTX and the hedge fund Alameda Research. Freeman tells Jack that he judges the state of the crypto market using three key factors: liquidity, leverage, and volatility. Liquidity falls after big market events, so liquidity is poor and might even get worse in the short-term. Freeman argues that volatility might fall, however, as leverage is wrung from the system, and he also shares his fall on the crypto lender Genesis, whose fate hangs in the balance, as well as the Grayscale Bitcoin Trust ($GBTC), which is owned by the same parent company, Digital Currency Group (DCG). This interview was filmed the afternoon of November 22nd, 2022. 
Follow Jack Farley on Twitter
Follow Forward Guidance on Twitter
Follow Blockworks on Twitter
Join Kraken, Binance, Arrington Capital, and 2000 others in heading to Dubai this fall for Algorand's DECIPHER conference, happening November 28-30.  Tickets are available now -- use code DecipherFam22 for 25% off:
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:
Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter:
00:00 Intro
00:35 Scott Freeman's Background
04:27 Early Trading in Crypto in 2014 and 2015
09:06 Crypto in 2020
12:01 Crypto Liquidity Has Declined In 2022
15:25 Leverage, Futures, and Options in Crypto
19:23 Where Does Yield Come From?
20:42 Was the Fall of Celsius Surprising?
22:07 Algorand Ad
23:52 Alameda & FTX
29:41 The Myth of Sam Bankman-Fried
34:58 Credit Risk on CeFi Crypto Exchanges
39:06 Cold Storage and Decentralized Exchanges ("DEX"es)
40:13 General Market Outlook
42:30 Genesis, Digital Currency Group (DCG), and Grayscale Bitcoin Trust (GBTC)
49:07 Is There A Silver Lining?
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.