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.
