Can crypto players survive low liquidity environment?

Liquidity. It's critical to keep any market moving, and has always been a key focus in the nascent crypto industry. Projects both centralised and decentralised live and die by their ability to keep capital moving and in their project. To help us talk through the current liquidity crunches happening in the market, joining us now is Daniel Pickering from Listed Reserve. Starting with Coinbase (NASDAQ: COIN) results which Dan says are a decent barometer of the industry. Trading volumes are down, and losses are up from the company, while BTC and ETH make up a larger share of volumes, but there are some bright spots with new partnerships. Meanwhile, miner capitulation is perhaps in sight, says Dan. The largest listed bitcoin miner, Core Scientific (NASDAQ: CORZ) has halted interest payments on its ~US$1 billion debt outstanding as it anticipates running out of cash by the end of 2022. Iris Energy, who Dan has spoken highly of on the show, have run into liquidity issues too. They do not expect to make payments on non-recourse loans against some of their bitcoin mining machines. And lastly rumours of liquidity issues are taking hold in crypto billionaire Sam Bankman-Fried’s empire. Rumours surfaced over the weekend that crypto billionaire Sam Bankman-Fried’s empire, FTX (the exchange) and Alameda Research (trading firm) may be facing some liquidity issues.