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

• Was SBF’s 25-year sentence too lenient?
• Beba vs SEC
• Coinbase motion to dismiss is dismissed
• Coinbase notches a win vs the SEC over their Wallet product
• SDNY v Kucoin
• Ripple vs SEC
• Will MSTR ever converge to the fair value of their Bitcoin?
• North Korea allegedly hacks Blast’s Munchables farm
• How did Blast persuade the hackers to give the money back?
• What’s going on with ETH blobspace?
• Bitwise’s ETH vs ETH futs correlation analysis

Content mentioned:

• Bitwise thread on ETH/futs correlation

Sponsor notes:

• State of the Network’s Q1 2024 Mining Data Special
• In Coin Metrics State of the Network Issue 252, we zoom in on the impressive recovery of miner profitability amid improving market conditions