【一周靓文】灰度解散GBTC传闻属实意味着什么，FTX后下一个倒下的是谁

火必Published on 2022-11-19Last updated on 2022-11-21

Abstract

11 月 16 日，Genesis Trading 在北京时间 21 点准时向所有债权人和客户开了一场不到 10 分钟的电话会议。

一周靓文，介绍过去一周最值得关注的热点文章，帮助投资者深刻理解市场动态。

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1、《总结：FTX 帝国崩溃的真实原因是什么？》

当 FTX 帝国轰然崩塌之前，99.9%的人都觉得：也许他存在很多关联交易，也许他扩张过快，但崩溃“不是那么可能吧”？

毕竟它的形象是如此光鲜，是加密世界与监管沟通的领头人，是许多机构用户的第一选择，是当下大量知名项目的领投者。而就在崩溃之前的几天，SBF 还慷慨花费600万美金，补偿几个因为API KEY泄露受到损失的散户，尽管责任可能并非FTX，而是第三方软件。

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2、《全球最大加密借贷平台Genesis暂停提现，究竟出现了什么问题？》

11 月 16 日，Genesis Trading 在北京时间 21 点准时向所有债权人和客户开了一场不到 10 分钟的电话会议。与其说会议，不如说是通知。会议中，Genesis 宣布贷款部门 Genesis Global Capital 将暂停赎回和新贷款发放服务，后续的安排会在下周宣布。说罢，电话会结束。

继 Celsius、Voyager、3AC、Babel、FTX 等等知名机构或者平台相继暴雷后，这家全球最大的加密货币借贷平台也宣布停止提款了，同时也暂停放贷。

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3、《假设灰度解散GBTC传闻属实，这意味着什么？》

今日下午，一则关于 GBTC 的传闻瞬间引爆了市场讨论。⠀

消息源头来自近期异常活跃的加密 KOL Autism Capital。其表示，市场传言称加密交易和借贷机构 Genesis 或存在偿付能力问题，为了填补窟窿，Genesis 的母公司 DCG 或选择解散旗下另一家公司 Grayscale（灰度 ）所发行的 GBTC 和 ETHE。

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4、《Arthur Hayes解读FTX事件：下一个倒下的是谁？》

几天前，我在Twitter上问了一个问题：谁会成为这个加密信贷周期中的雷曼兄弟 ？

许多人说这将是FTX，说实话，我对此一笑置之。我从不相信它们会倒下，然而......。导致它们崩溃的催化剂一如既往——一家优秀的企业通过其资产负债表上高额且不断上升的资产估值为抵押，大量获取廉价信贷过度扩张。随着资金变得更加昂贵，周期发生变化，他们暴露在了众人面前。

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5、《FIFA世界杯开幕在即，Fan token的机会在哪里?》

2022 年 11 月 21 日，第 22 届世界杯将在卡塔尔举办，这是足球球迷四年一度的盛典，作为世界上最大的竞技体育项目，世界杯背后有着无法估量的商机与流量。随着卡塔尔世界杯的临近，加密货币领域的Fan token也迎来了一波较大的关注。

本研究在此热点的基础上，总结了Fan token的发展历程与市场现状，并且对世界杯期间如何挑选潜力Fan token给出了策略。Fan token作为目前Web3领域最主要的粉丝经济表现形式，也是传统粉丝经济向Web3延伸。本报告也对Fan token与Web3粉丝经济的作用进行了研究，并分析了Fan token是如何服务于粉丝、俱乐部/偶像、商家、交易所共同支撑起来的新型经济。

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