Weekly Roundup 06/02/23 (Crypto-eurodollars, SBF’s defense, debt ceiling debate) (EP.428)

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

  • The debt ceiling debate is resolved
  • What happened to Paxos’ / Paypal’s stablecoin?
  • Offshore dollar stablecoins are growing while onshore stablecoins are shrinking
  • Stablecoin policy in the US is backfiring
  • USD stables issued out of Hong Kong
  • Tether reaches a new all time high
  • The bad boys are back
  • SBF’s defense will reportedly claim he got bad advice from Fenwick
  • Farenheit wins the bid for the Celcius assets
  • Why Celcius’ mining operation was a big red flag
  • What does CZ mean by 4?

Sponsor notes:

  • Coin Metrics STATE OF THE NETWORK – Zooming Out: A datonomy update
  • In this issue of Coin Metrics’ State of the Network, we leverage datonomy—a classification system for digital assets to zoom out and gauge the ecosystem and its underlying trends from a broader lens. Despite a slew of challenges over years, we explore how the market has shown resilience through an analysis of market returns, volatility and volumes across sectors.