Matt and Nic return for a Thanksgiving episode. In this edition: 

• Fidelity files for an ETH spot ETF
• The SEC sues Kraken
• Javier Milei wins – and prospects for dollarization
• Stablecoins versus dollar liabilities in emerging markets
• Prediction markets do well in the Argentine election
• We digest the OpenAI scandal and reflect on corporate governance
• Do we need a new McCarthyism directed at effective altruists?
• CZ settles with the DoJ and the CFTC over BSA and OFAC violations
• Binance appears to be solvent thanks to their Proof of Reserve
• Where the Binance settlement leaves the industry
• Tether supply hits $88b
• Bhutan is mining bitcoin

Sponsor notes:

• Coin Metrics STATE OF THE NETWORK— Checking On-Chain Indicators for Green Shoots in the Digital Assets Market
• In Coin Metrics State of the Network Issue 234 we present a selection of indicators that offer us insights against the backdrop of a recent surge in valuations within the digital assets ecosystem.