Weekly Roundup 08/25/23 (Coinbase v Circle, Tornado Cash indictment, chat app tokens) (EP.446)

Matt and Nic are back for more news and deals. In this episode: 

• The Bitcoin halving is coming up
• We review the Republican Presidential debate
• We review the state of New Jersey
• Coinbase takes a stake in Circle
• Hidden tensions between Coinbase and Circle
• BH Digital releases a stablecoin report
• USDC is challenged due to their inability to pay interest
• The DoJ charges the founders of Tornado Cash with AML and sanctions violations
• Did the Tornado Cash token hurt the founders’ case?
• The problem with chat apps creating their own tokens
• FTX is working with Galaxy to liquidate some crypto
• SBF isn’t happy with his prison meals
• Prime Trust was up to some shenanigans

Content mentioned: 

• BH Digital, The Relentless Rise of Stablecoins

Sponsor notes: 

• Coin Metrics STATE OF THE NETWORK — From East to West: the Global Pulse of Stablecoin Transactions
• In Coin Metrics State of the Network Issue 221, we provide a data-driven overview of halvings and their implications in anticipation for Bitcoin’s upcoming 4th halving