Weekly Roundup 06/07/24 (Bitstamp acquired, Paxos launches USDL, Bitcoin miners and AI, Kraken IPO rumors) (EP.534)

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

• Kerrisdale versus Bitcoin miners
• Robinhood buys Bitstamp for $200m
• Biden vetoes the SAB121 overturn bill
• Is the Biden admin’s pro crypto tilt over?
• Tucker interviews Bukele
• Coinbase donates to Fairshake
• SEC takes more Ls
• Big inflows into the bitcoin ETFs
• Are ETF inflows more about the basis trade?
• Paxos launches the interest-bearing stablecoin USDL out of the UAE
• Can Bitcoin miners sell into the AI cloud market?
• Kraken is in talks to raise a pre-IPO round
• State Street is reentering crypto
• MiCA and stablecoins
• Matt’s latest crisis
• The barbell approach to AI investing 

Sponsor notes:

• Breaking Down Ethereum Blobs & EIP-4844
• In Coin Metrics' State of the Network issue 262, we break down Layer-2 blob usage and evaluate the success of Ethereum’s EIP-4844 upgrade.