Matt and Nic cover deals and news of the week. Repeat guest Zachary Kelman joins the show to give his view of the FinCEN files and how the crypto industry should interpret the revelations. In this episode:

How fees affect DeFi liquidity and the price of ETH
Braintrust raises $18m
Bitnomial raises an $11m Series B
Arthur Hayes and Sam Reed step down from their roles at 100x
Despite everything, Bitmex is still operational
BitMEX keeps processing withdrawals
India's legislature turns hostile to Bitcoin
Square buys $50m worth of BTC to hold on its balance sheet
The difference in the rationale between Microstrategy and Square for their Bitcoin positions
John MacAfee is arrested in Spain for tax evasion
Ripple complains that the US is an unfavorable regulatory environment
The latest on the Ripple class action suit
The Chamber of Digital Commerce gives congresspeople $50 worth of USA-mined Bitcoin
The DOJ publishes a Cryptocurrency Enforcement Framework
Zach Kelman on how Bitcoin enthusiasts should be thinking about the FinCEN files
Silvergate crosses $100b transacted through the SEN

Content mentioned in this episode:

Peter Van Valkenburgh, There Is No Such Thing as a Decentralized Exchange
Fidelity Digital Assets, The Role of Prime Brokerage in Digital Assets
Nic on Medium, Public blockchain fee cyclicality and negative feedback loops
Forbes, How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 Trillion

Weekly Roundup 10/09/20 feat. Zachary Kelman (Square buys Bitcoin, effect of fees on DeFi, FinCEN files retrospective) (EP.136)