Weekly Roundup 09/30/22 (CFTC comes after Ooki/bZX, the Fed abandons CFTC ambitions, the convenience yield of stables) (EP.355)

Matt and Nic return for news and deals of the week. In this episode:

• What caused the Pound Sterling to sell off?
• Deglobalization picks up
• Stirrings of a sovereign debt crisis emerge
• Explaining Deribit’s insider-led down round
• Can the market recover before Do Kwon, Machinsky, and 3AC are dealt with?
• Celcius’ Machinsky steps down
• Brett Harrison leaves FTX US
• 7 states issue C&Ds against Nexo
• The CFTC goes after Ooki DAO and DAO members
• The CFTC serves Ooki through a chatbox and a forum post
• How voting in a DAO can cause you to incur personal liability
• Why putting a DAO in a ‘legal wrapper’ might make sense
• The Fed will not pursue a digital dollar (for now)
• The ‘convenience yield’ of holding a CFTC
• OTB Bingo
• Would it be good for Bitcoin to be flippened?

Sponsor notes:

• Talos powers institutional access to the entire digital assets ecosystem via a single-point of entry. Connect directly to your preferred prime brokers, lenders, investors, custodians, exchanges, OTC desks and more, or meet them on Talos. Get started at Talos.com

• Subscribe to the Coin Metrics State of the Network newsletter