Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week: Silicon Valley Bank went belly up and knocked USDC off its peg with it. For good measure, Signature Bank was taken over by regulators. After a hellish weekend, what did we learn?


Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.


Show highlights:

  • what happened with Silicon Valley Bank
  • why USDC depegged and reached a low of 88 cents
  • how Maker responded to the depegging of USDC
  • whether DeFi responded flawlessly to the chaotic events
  • how Haseeb’s VC fund, Dragonfly, was ensnared in SVB’s collapse
  • what Tarun thinks made Elizabeth Warren change her tune on SVB
  • whether Signature Bank was shut down because of its crypto-related activities
  • why bonds are not marked to market by banks
  • which company is going to issue the euro-dollar stablecoin
  • how BTC has been outperforming the NASDAQ since the FTX collapse
  • how Euler Finance got hacked for almost $200 million
  • whether flash loans should be banned
  • the rules around crypto and finance in the Middle East
  • why DeFi is a fundamental innovation that’s better than many financial systems across the world




  • Unchained: