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On The Brink with Castle Island


Oct 17, 2025

Matt and Nic are back with another week of news and deals. In this episode: 

  • We dissect the market structure behind the flash crash last week
  • What happened with Binance and Ethena?
  • Palmer Luckey’s de novo bank Erebor gets an OCC charter
  • Paxos’ fat finger
  • The US government has seized $15b in funds tied to pig butchering scams