Weekly Roundup 09/09/22 (Stablecoin wars, White House energy report, Gensler attacks) (EP.347)

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

• Nic's shoe problem
• Web3 merch for OTB?
• The White House releases a report on crypto asset energy usage
• Why the US should encourage mining within its borders
• Coinbase is funding a lawsuit against OFAC
• Binance is converting USDC into BUSD on their platform
• Poolin is having liquidity problems
• Russia considers crypto for cross border payments
• The US Government recovers $30m from the Axie hack
• Gensler keeps firing barbs
• Nic doesn't buy the supply shock thesis around the Merge
• Will ETH have another high fee era?
• What could an ETH carry trade look like?

Content mentioned:

• The White House, Climate and Energy Implications of Crypto-Assets in the United States
• Gary Gensler speech at the SEC, Kennedy and Crypto

Sponsor notes:

• Subscribe to the Coin Metrics State of the Network newsletter and read their Mapping out the Merge report