We start the show discussing Philip’s trip on Friday & high school graduations. After initiating a company-wide furlough of its employees, Bitwise Industries released an update. Bitwise officials announced their decision to terminate co-CEOs Jake Soberal and Irma L. Olguin Jr. and appointed Ollen Douglass as interim president, effective June 1, 2023. The salacious pitch by Bitwise’s former co-CEO to convince Central Valley-based business leaders to dole out millions in hard money loans wasn’t merely backed by incredible rates of return, but bolstered by the notion that the loans were safe due to an impending investment from Goldman Sachs. The problem? The investment didn’t exist. 

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