In today's episode of Empire Santi and Jason dive into recent crypto market volatility triggered by an analyst report forecasting SEC rejection of a spot Bitcoin ETF. They discuss the risks of overleveraging during bull runs, debate the usefulness of "economic security," and managing greed in seek of high yields. The conversation then turns to an in-depth analysis of the emerging trend of "restaking" protocols and discuss concerns about adding fragility and centralization risks. To close out they discuss the pending SEC decisions around several Bitcoin ETF filings . Thanks for tuning in!
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Resources

Andrew Kang Post
https://x.com/Rewkang/status/1742011188609712263

Marginal Revolution: Automatic Tax Filing?
https://marginalrevolution.com/marginalrevolution/2022/05/automatic-tax-filing.html
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Timestamps
(00:00) Buying Nike Sneakers & Meeting Fashion
(02:51) The Market Nuke
(10:51) Using Leverage vs Holding Spot
(27:32) ETF Updates
(34:07) Crypto Tax Reporting Obligations
(42:12) Restaking: A Risk?
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.