Weekly Roundup 06/16/23 (Prometheum madness, the Hinman emails, HK’s crypto banking play) (EP.431)

Matt and Nic are back for another week of news and deals. In this episode:  Coin Metrics derives new estimates of Bitcoin’s electricity consumption Nic reviews his Lasik experience  Matt takes Prometheum to task Is Prometheum a patsy for the SEC? Why is vaporware being elevated by the SEC and major exchanges being stymied? We digest the Hinman emails and what they mean for ETH and XRP What do the Hinman emails mean for the SEC’s The SEC attempts to make DeFi protocols register as exchanges Blackrock is about to file a renewed application for a Bitcoin ETF Reps Davidson and Emmer’s SEC Stabilization Act Hong Kong is pressuring banks to service crypto firms Coindesk gets their hands on the NYAG’s Tether reports Abra is in trouble Sponsor notes:  Coin Metrics STATE OF THE NETWORK - The Signal & the Nonce, Re-imagined In this issue of State of the Network, we showcase a novel analysis that sheds light on Bitcoins energy consumption, efficiency and e-waste