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? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wallfacerlabs.substack.com