Jakob Palmstierna, CEO of trading firm GSR, strikes an unexpectedly calm pose in the face of November's <a href="https://www.cryptoknowmics.com/news/tradfi-giant-tp-icap-acquires-a-uk-cryptocurrency-license">cryptocurrency</a> market turbulence. The soft-spoken 41-year-old is anxious to <a href="https://twitter.com/GSR_io/status/1598607522205687810" target="_blank" rel="nofollow noopener">emphasize</a> that GSR's more conservative strategy serves it well now that high-flying competitor <a href="https://www.cryptoknowmics.com/news/alameda-research-to-repay-two-large-loans-denominated-in-bitcoin-and-ether">Alameda Research</a>, which, like GSR, also had both trading and venture capital divisions, has imploded.

https://twitter.com/GSR_io/status/1598607522205687810
<h2>GSR Claimed Alameda Acquiring Crypto Projects</h2>
According to reports, the investment group founded by <a href="https://www.cryptoknowmics.com/news/sbf-no-longer-a-billionaire-after-14-6b-overnight-wipe-out">Sam Bankman-Fried</a> secured donations from cryptocurrency exchange <a href="https://www.cryptoknowmics.com/news/dappradar-blockchain-gaming-activity-hardly-impacted-by-ftx-crypto-blast">FTX</a>, another of his conglomerates. Palmstierna claimed in an interview with Bloomberg in London on Monday that Alameda was arbitrarily cranking up a lot of cryptocurrency-related projects by utilizing customer deposits to deluge them with investments in billions of dollars.

Palmstierna claimed that the absence of Alameda has caused values for cryptocurrency venture capital agreements to begin to decline. Alameda stopped operations in November as its sibling company FTX filed for <a href="https://www.cryptoknowmics.com/news/blockfi-files-for-bankruptcy-protection-following-collapse-of-ftx">bankruptcy protection</a>.
<h2>Other Well-Priced Crypto Assets</h2>
He further stated that if investors genuinely believe in the space, this is the appropriate time to deploy cash. There are several assets that currently appear to be extremely well-priced. Consequently, it may not be a VC investment but rather a follow-on investment of some kind.

Crypto Trading Firm GSR Finds Potential in Alameda Collapse

CEO of GSR emphasized that GSR's more conservative strategy serves it well now that high-flying competitor Alameda Research has imploded.

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Crypto Trading Firm GSR Finds Potential in Alameda Collapse

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