State of Crypto Fundraising, Layoffs, IRS Crypto Reporting and More
Today’s episode starts off with a deep dive into Messari’s State of Crypto Fundraising Report. Guess what? Funding has dropped in the third quarter of 2023. With geopolitical turmoil and economic fears, these numbers aren’t surprising. But there are still deals happening! Next up, we tackle a concerning trend: crypto layoffs. From Bitmain to Ledger, we’re seeing layoffs across all sectors of the industry. It’s not just specific to crypto – it’s a global belt-tightening phenomenon. We also discuss ETFs, the SEC’s first two enforcement actions against NFT projects, SBF’s ongoing criminal trial, and the comment deadline for IRS crypto reporting. Throughout the episode, Moish and Kyle provide their expert analysis, anecdotes, and predictions.
Stay tuned for more insights!
Chapter Markers:
0:00 Welcome to Block & Order
1:00 Messari’s State of Crypto Fundraising Report
4:36 Crypto layoffs
8:11 ETFs
11:49 SEC’s first two enforcement actions against NFT projects
15:45 SBF’s ongoing criminal trial
22:07 Comment deadline for IRS crypto reporting
Show Notes:
Messari State of Crypto Fundraising: https://messari.io/report/state-of-crypto-fundraising-q3-2023
Crypto layoff tracker: https://layoffs.fyi/
SEC Dissenting Opinion on Impact Theory: https://www.sec.gov/news/statement/peirce-uyeda-statement-nft-082823
SEC Dissenting Opinion on Stoner Cats: https://www.sec.gov/news/statement/peirce-uyeda-statement-stonercats-091323
Molly White newsletter: https://www.citationneeded.news/s/the-ftx-files/
SBF: https://www.bloomberg.com/opinion/articles/2023-10-12/ftx-had-many-bad-spreadsheets#xj4y7vzkg
Submit a comment letter to the IRS about crypto reporting regulations with LeXpunK’s AI-powered drafting tool: https://treasuryraid.lexpunk.army/
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Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.