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Weekly Roundup 06/02/23 (Crypto-eurodollars, SBF's defense, debt ceiling debate) (EP.428)
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Matt and Nic are back for another week of news and deals. In this episode:\\xa0
- The debt ceiling debate is resolved
- What happened to Paxos\\u2019 / Paypal\\u2019s 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\\u2019s defense will reportedly claim he got bad advice from Fenwick
- Farenheit wins the bid for the Celcius assets
- Why Celcius\\u2019 mining operation was a big red flag
- What does CZ mean by 4?
Sponsor notes:\\xa0
- Coin Metrics STATE OF THE NETWORK - Zooming Out: A datonomy update
- In this issue of Coin Metrics\\u2019 State of the Network, we leverage datonomy\\u2014a 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.