Nic and Matt cover a tumultuous week in the crypto markets. In this episode: 

• We investigate the Dollar Milkshake Theory
• BitPanda raises $52m
• Genesis announces the official launch of their custody product
• Our breakdown of the BitMEX situation
• Where the BitMEX situation leaves the remaining offshore crypto exchanges
• The prospects for users who currently have funds on BitMEX
• How the BitMEX lawsuit potentially improves the prospects for a Bitcoin ETF
• Whether BitMEX was a source of sell pressure for Bitcoin
• Where BitMEX leaves decentralized exchanges
• The SEC obtains a summary judgment over Kik
• Why the SALT lending settlement with the SEC signals a shift in the SEC's attitude with regards to tokens
• CommerceBlock converts their token into equity into a UK company
• Talos Trading comes out of stealth mode
• The biggest remaining systemic risk that the crypto industry faces