On The Brink with Castle Island

Weekly Roundup 07/29/22 (Physical NFTs, SEC investigates Coinbase, Stablecoin Legislation) (EP.337)


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

  • Damien Hirst's physical NFT project 
  • Why you need a bridge between the physical and the digital world for certain NFTs 
  • Why physical NFTs provide advantages to collectors and brands
  • Libra/Diem spawns Aptos and Sui
  • Coinbase is under SEC investigation 
  • Pat Toomey criticizes the SEC
  • What is in the bipartisan stablecoin bill? 
  • Squabbles over Voyager's Chapter 11 plan 
  • The UK inches towards recognizing cryptocurrency as property
  • More 3AC shenanigans 
  • How 3AC was and wasn't like LTCM 
  • 3AC liquidators will try to force cooperation 
  • Tether reduces their commercial paper holdings 
  • Matt starts a Tether conspiracy 
  • Harmony mulls a post-hack bailout

Content mentioned in this episode: 

  • Coin Metrics state of the network 165
  • Nic on Medium, Redeem-and-retain NFTs are the future of luxury goods
  • FS Vector, Stablecoin Legislation Update 
  • UK Law Commission: Digital Assets Consultation Paper

Sponsor notes:

  • Subscribe to the Coin Metrics State of the Network newsletter
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