On The Brink with Castle Island

Matt and Nic return for news and deals of the week. In this episode: Matt's prior radio career The boys consider reinvesting in the podcast How to avoid audience capture We puzzle over metaverse advertising How do you value metaverse real estate? Rep. Tom Emmer writes a letter to OFAC questioning their sanctioning of Tornado Cash Tether and BUSD (Paxos) don't blacklist Tornado Cash addresses The FDIC reprimands crypto companies Web3 hoodies Best podcast listening speeds Are security tokens and real world assets back? No new 3ac shenanigans Tadge Dryja leaves MIT DCI for David Marcus' Lightspark New findings on OFAC censoring Bitcoin Mining pools Tether has a new auditor Can a firm with outstanding tokens be acquired or go public? Gensler's weird op-ed Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Brooke Pollack, the founder of Hutt Capital joins the show. In this episode we discuss: Brooke's career journey and path to founding Hutt Capital The events that led him to seeing that crypto/blockchain was going to be an industry with dedicated venture managers The institutional limited partner landscape The narratives that have captured the most institutional mindshare Views on the optimal fund structure for crypto/blockchain managers The DeFi landscape Views on NFTs as a foundational building block for future businesses. To learn more about Hutt Capital visit www.huttcapital.com and follow Brooke on Twitter

Matt and Nic return for another week of news and deals. In this episode: NYMag writes a long piece on 3AC Is OTB a 'crypto fanboy podcast'? Are we up against the nation state 'final boss'? 3AC boat name reveal The Toyota Century rumors are true Revelations about 3ACs FX days Did 3AC actually owe the Mafia money? The 3AC Deribit deal A new 3AC supporter dials in to the show Machinsky was trading Celsius customer deposits The Galaxy BitGo acquisition falls through Dragonchain settles with the SEC Hodlnaut files for creditor protection Genesis reorganization Tornado cash developer arrested in Amsterdam Are Bitcoin miners filtering transactions for OFAC? Will Coinbase censor Ethereum at the protocol level? Vitalik suggests slashing Ethereum if they comply with OFAC at the protocol level Would Coinbase ever abandon their staking business? The effect of MEV on the centralization of PoS vs PoW End of the merge rally? Content mentioned in this episode: NYMag, Inside the Crash of Three Arrows Capital Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

In this episode, Uddhav Marwaha, co-founder and CEO of Friktion Labs, joins us to discuss Friktion's approach to a full stack portfolio management platform in defi. We cover a plethora of topics, including: The opacity surrounding defi yields and distinguishing fleeting opportunities from sustainable sources of income Using options overwriting and basis strategies to generate more durable returns and provide portfolio protection across market conditions In-housing core tooling such as Friktion's RFQ system (Channel RFQ) and an exotic options DEX (Entropy) to unlock time and cost efficiencies Friktion's emphasis on demystifying complex products and deconstructing sources of risk and yield in crypto differentiate it from the pack. To complement the data and analytics within the application, the team frequently publishes research breaking down complex topics.

Matt and Nic return for another week of deals and news. In this episode: Underwhelming Taproot adoption Tornado Cash gets sanctioned by OFAC Is Tornado a better mixer than coinjoin Why the Tornado Cash sanctioning is the first of its kind How much of the liquidity in Tornado Cash was illicit? Are we at a turning point in financial privacy? Why was Tornado Cash specifically targeted and not other mixers Account-based versus UTXO systems and their effect on your ability to segregate funds Can you really sanction a blockchain or smart contract? The crypto wars of the 90s continue Is Ethereum the biggest crypto platform for privacy today? Is Dai at risk from USDC? The Merge finally gets a launch date BlackRock launches a Bitcoin spot trust Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Matt and Nic return for another week of deals and news. In this episode: Is there any hope for ETH PoW forks? Is Ethereum unforkeable? More 3AC shenanigans of the week The 3AC Toyota Century situation The 3AC boys have some unexpected supporters A bipartisan bill proposes giving the CFTC oversight over the spot market What's up with the croissant diet NYDFS fines Robinhood Crypto Michael Saylor steps down from this CEO role at Microstrategy The SEC charges 11 individuals involved in the Forsage ponzi The other Nick Carter is in trouble for endorsing Safemoon Another cross chain bridge is hacked What happened with this Solana wallet hack? Matt loses the tip of his finger Coinbase partners up with Blackrock Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Matt and Nic return for news and deals of the week. In this episode: Damien Hirst's physical NFT project Why you need a bridge between the physical and the digital world for certain NFTs Why physical NFTs provide advantages to collectors and brands Libra/Diem spawns Aptos and Sui Coinbase is under SEC investigation Pat Toomey criticizes the SEC What is in the bipartisan stablecoin bill? Squabbles over Voyager's Chapter 11 plan The UK inches towards recognizing cryptocurrency as property More 3AC shenanigans How 3AC was and wasn't like LTCM 3AC liquidators will try to force cooperation Tether reduces their commercial paper holdings Matt starts a Tether conspiracy Harmony mulls a post-hack bailout Content mentioned in this episode: Coin Metrics state of the network 165 Nic on Medium, Redeem-and-retain NFTs are the future of luxury goods FS Vector, Stablecoin Legislation Update UK Law Commission: Digital Assets Consultation Paper Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Itai Turbahn and Yoni Goldberg, the founders of Dynamic join the show. In this episode we discuss: Itai and Yoni's professional journey to starting Dynamic How Dynamic is addressing wallet based authentication Views on how standards will evolve in the blockchain ID category The evolution of decentralized identifiers The types of businesses that are early adopters for wallet-based logins To learn more about Dynamic visit their website and follow them on Twitter.

(Reuploaded, fixed audio) Matt and Nic return for news and deals of the week. In this episode: Inert ETH from the crowdsale? Why the credit crunch is like the European panic of 1772 Should we bring back full-liability banks? Are Bitcoiners wrong to reject fractional reserve banking? 1000 pages of 3AC intrigue Genesis had 2.6b gross exposure to 3ac The 3AC blockchain .com transcripts More 3AC shenanigans are revealed Secret exchange insolvencies Coinbase insider trading scandal The SEC regulates by enforcement Gensler is getting a lot of heat Is the bottom in? What is MVRV telling us right now? What is the issue with ETH yield being related to MEV? Can MEV be addressed? Paul Krugman admits he was wrong about inflation Christie's launches a venture arm Content mentioned: Nic in Coindesk, The Credit Crunch is not the End of Crypto Lending SEC insider trading complaint Coinbase blog post on the SEC Paul Krugman, I was wrong about inflation Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Matt and Nic return for another week of news and deals. In this episode: Stablecoin actives outpace blue chip crypto Why is Tether on Tron so popular? Is H E Justin Sun willing to deploy $5b in acquisitions Celsius files for Chapter 11 bankruptcy protection KeyFi is suing Celsius Are DeFi business models going to have to change? Where do tokenholders fall in the capital stack? Three Arrows are not cooperating with liquidation 3AC liquidators reportedly fail to exercise the Starkware token warrant Blockchain.com report a loss from 3AC New lenders admit losses from 3AC Circle further clarifies their reserve assets Was Taibbi's USDC FUD legit? Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter