Ram Ahluwalia, crypto CFA

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CEO of @lumidawealth. prev: PeerIQ (exited to a16z backed Cross River). ex-TradFi. crypto, markets, and startups. Always learning. Stay humble, stay hungry.

Overview Content

Tweet Nov 25, 2022

1/ DCG published a letter to investors. It clarifies several misconceptions. It also raises new questions around the Promissory Note. I have pored over this and the Grayscale 10-Q to connect some dots. We'll cover what happened and what we learned.

by Ram Ahluwalia, crypto CFA

Recommended by 2 people

2 mentions

Tweet Mar 27, 2023

Repealing the Hold to Maturity would have major negative consequences. There is a lot of misunderstanding on the purpose of HTM accounting. HTM serves a purpose within the context of a bank's business model of liquidity, credit, and duration transfo

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Mar 19, 2023

In Switzerland, the 'rule of bank' trumps the 'rule of law’. The government agreed to change the law to fast-track UBS’s acquisition of Credit Suisse and bypass shareholder consent. Shareholders will be wiped out. Were the Swiss banks ever trul

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Mar 19, 2023

1/ SVB's decline started with a 'slow motion' bank run in 2022, management missteps, and a botched equity raise led by Goldman Sachs. There are many lessons beyond duration mismatch. There's also fallout for $GS: potentially locked out of bank cap

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Feb 11, 2023

1/ Gemini-DCG-Genesis Joint Plan: There is a lot to like here. Multiple ways for creditors to improve recovery: - share in the ups from DCG IPO before Feb 2025 (plot Twist) - path to equity in DCG (and potential for 2 board seats) - participation in

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Jan 6, 2023

1/ Curtains are closing on the once iconic DCG, at least as we know it today. There’s subtlety in @cameron’s letter and new risks. - FTX clawback - Misrepresentations - State AG investigations - Jan 8th deadline Let’s dig in. 🧵

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Dec 5, 2022

1/ How do we explain FTX's $10 Bn in losses? Where did the $2 Bn in venture funds go? My working hypothesis is that FTX was a fraud even prior to recent events and as far back as 2021. #SBF will go down in history as a fraud larger than Bernie Mado

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Dec 2, 2022

1/ There are a lot of smart VCs concluding the demise of Luna set in motion contagion. No. The collapse of the GBTC premium was the main culprit. It created, for a time, the perception of a perpetual motion machine disguised as a ‘carry trade’…

by Ram Ahluwalia, crypto CFA

Recommended by 1 person

1 mention

Tweet Nov 28, 2022

1/ What happens to Gemini Earn clients? I believe there is a credible path to full recovery. However, Earn clients may face a choice: accept immediate liquidity in the near-term in exchange for a discount, or wait a long-time for full recovery.

by Ram Ahluwalia, crypto CFA

Ram Ahluwalia, crypto CFA

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