Today's guest is Masa, who many of you may know as TheSkyHopper on Twitter (https://twitter.com/TheSkyhopper). Masa is the co-founder of Bastion Trading and has a long history trading and investing across traditional markets as well.

[00:00] Introduction and background

[01:30] 2017 arbitrage opportunities

[03:00] Arbitrage and the life cycle of markets

[07:10] A role in governance activism and "RFV" trades

[11:30] how do you structure the team at a trading firm

[14:00] developing edge within trading firms

[18:00] Trading and being active in the markets post-FTX

[27:00] How do DeFi venues actually replace CeFi venues?

[29:00] The small offshore exchange niche

[32:00] M&A (or lack of it) within DeFi

[36:00] Bad actors in crypto

[38:00] Risk management

[41:00] Unique traits of successful crypto traders

[47:00] Trading NFTs and private market investing

[48:55] Animoca's venture book, fundiraising and more

[52:00] Options markets in crypto

[55:00] Whale in the options market

[1:01:00] What catches Masa's attention today?