Ethereum Merge September, Celsius Chapter 11, GameStop NFT Launch, and +more

There are ups and there are downs this week, plus everything in between.

While there may be rough news, there is also great news, especially with adoption of crypto and new funding.

Week 28, Year 2022, Episode 18.

News Links Mentioned In The Show

Ethereum Devs Pencil In September Date For Merge

Celsius Network Files for Chapter 11 Bankruptcy

Celsius' Mining Unit Files for Bankruptcy Just Months After Announcing IPO Intention

CoinFlex Begins Arbitration to Recover $84M in Delinquent Debt

Terra Projects Begin Moving to Polygon 2 Months After UST Debacle

EP13 Wyoming Sen. Cynthia Lummis, aka the "Bitcoin Senator, gm from Decrypt

Startup Founded by Former Meta Crypto Execs Seeks $2 Billion Valuation

Gary Gensler’s Bitcoin Regulation Grab

Brazilian Fintech PicPay to Launch Crypto Exchange, Real-Tied Stablecoin

G20 Watchdog Says 'Robust' Crypto Rules Coming in October

GameStop Opens Ethereum NFT Marketplace Following Company-Wide Layoffs

BlockFi CEO Doesn’t Want to Be Compared to Voyager, Celsius

Three Arrows Capital Office Abandoned, Founders Missing, Say Creditors

Exclusive: Lightspeed raises $7.1B across four funds and forms new crypto fund with Blockchain Ventures vet

'Shark Tank' star Kevin O'Leary expects a major capitulation event that will flush the bad actors out of crypto

Singapore's crypto aspirations shaken by Three Arrows collapse

Voyager Clarifies USD Deposit Status in Update

Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave

Celsius Hires New Restructuring Lawyers Amid Debt Repayments

Crypto Increasingly Used To Pay Salaries in Developing Economies

CoinFLEX Takes Legal Action To Recover $84M From Single Customer

3AC Co-founders Remain Silent, Creditors Go to Court

'Crypto Is an Investment in Nothing': Charlie Munger

Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy

Crypto Miner CleanSpark Continues to Take Advantage of Bear Market as it Scoops Over 1K Rigs

India's Crypto Industry Advocacy Body Disbanded

Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections

74% of Latin Americans Prefer Businesses That Accept Crypto

DeFiance Capital Has Been 'Materially Affected' by Three Arrows Liquidation

OpenSea Lays Off 20% of Staff

Mastercard Partners With Fasset to Drive Financial Inclusion in Indonesia

Anthony Pompliano Nets $12.6M to Help Crypto Labor Liquidity, Buys Rival

Ethereum’s Vitalik Buterin Claps Back at Bitcoin Maxis Who Mock Proof of Stake

Former Ripple Advisor Michael Barr Will Supervise the Federal Reserve

New York Yankees Players, Staff Now Able to Convert Salary Into Bitcoin

‍

Timestamps

(00:00:00) Intro Song

(00:00:23) Introduction

(00:00:43) Disclosures

(00:01:14) Ethereum Merge Updated For Release in September

(00:01:46) Celsius Network Files for Chapter 11

(00:02:02) Celsius Mining Division Files for Bankruptcy As Well

(00:02:15) CoinFlex Arbitration To Recover $84 Million

(00:02:23) Terra Switches to Polygon

(00:02:32) Senator Lummis On gm Podcast

(00:03:01) $2 Billion Valuation for Former Meta Exec

(00:03:16) Gary Gensler Article on WSJ

(00:03:25) New Brazilian Crypto Exchange

(00:03:37) G20 Robust Crypto Rules Coming In October

(00:03:46) GameStop Opens Ethereum NFT Marketplace

(00:04:00) BlockFi CEO Doesn't Want To Be Compared to Others

(00:04:30) Three Arrows Woes

(00:04:36) $7.1 Billion Lightspeed Ventures Funding

(00:04:51) Kevin O'Leary Mr. Wonderful on Crypto

(00:05:04) Singapore Crypto Aspirations Shaken

(00:05:22) Voyager Updates

(00:05:44) Celsius Reclaims $410 Million stETH

(00:06:23) Celsius Hires New Restructuring Lawyers

(00:06:40) Crypto To Pay Salaries in Developing Economies

(00:06:53) CoinFlex Takes Legal Action

(00:07:07) 3AC Updates

(00:07:24) Charlie Munger Crypto Quotes

(00:07:58) Bitcoin Mining Rig Prices Slump

(00:08:14) Crypto Miner CleanSpark Building

(00:08:28) India's Crypto Advocacy Group Disbanded 

(00:08:41) Brazilian Congress Postpones Crypto Bill Vote

(00:08:54) Latin American Crypto Report

(00:09:09) The Affect of Three Arrows Capital

(00:09:20) OpenSea Lays Off 20% of Staff

(00:09:48) Mastercard Crypto Efforts in Indonesia

(00:10:03) Anthony Pompliano Helps Crypto Recruitment Firm

(00:10:20) Vitalik on PoS

(00:10:40) Former Ripple Advisor to Supervise the Fed

(00:10:57) New York Yankee's Players and Staff Can Convert Salary Into Bitcoin

(00:11:15) In Closing

‍

Links to sources and referenced media in progress

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Credits

🎵 Original music by Good Soup Music

🔥 Host: Neil Alonzo

Produced by Vocal Visual and Wizard Cats

👉 Listen to all episodes at www.cryptopodcast.xyz

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‍Disclosure. We are not financial advisors, wealth managers, CPAs, Lawyers, or Brokers. We are sharing our experiences and opinions to be of help to those who choose to listen or watch the podcast brought to you by Fort Brox.