Nic and Matt are back for a truly chaotic week in the markets. In this episode: 

• Is DeFi's transparency a vice? 
• We reconsider the need for a lender of last resort? 
• We debrief on Consensus
• How will the Celsius situation resolve?
• Fidelity doubles down on digital assets
• Is the Fed trapped by inflation? 
• Was the Celsius situation foreseeable? 
• Where does the next marginal buyer come from? 
• Another crypto lender goes down 
• Class action lawsuit launched against Binance US
• Circle is launching Euro coin 
• Bill Gates dances on our grave 

Content mentioned in this episode: 

• All Falls Down, by Nic Carter and Allen Farrington [pdf]
• On Impossible Things Before Breakfast, by Nic Carter, Allen Farrington, and Ross Stevens 

Sponsor notes:

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