Today on the Brief:

• Crypto M&A heats up
• Is ETH deflationary now?
• Cathie Wood is the Michael Saylor of Coinbase stock

Our main discussion: Square’s Bitcoin Clean Energy Initiative and ARK Investments have teamed up to release a memo about how bitcoin addresses key issues in the renewable energy space. Not only do renewables make sense as an energy source for mining, but bitcoin mining as “the energy buyer of last resort” could address key issues of intermittency and grid congestion.

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