Nic and Matt are back for another week of news and deals. In this episode: 

• Wireless outage in the US
• Russia’s space weapons and Rods from God 
• Will the market like the cubes once again? 
• Brink nation farcaster update 
• Our ETH ETF skepticism
• Circle leaves Tron
• Revolving door between SEC and biglaw
• Whip Emmer’s letter to the OMB
• The ECB’s very bad, no good Bitcoin blog
• Reddit hold Bitcoin and ETH 
• SBF’s photoshoot
• Latest on the 3AC boys
• The SEC’s mysterious ETF correlation analysis

Content mentioned in this episode: 

• ECB, ETF approval for bitcoin – the naked emperor’s new clothes
• Rep. Emmer letter to OMB over Bitcoin mining data request
• NYMAG, ‘They are very comfortable lying’ 3AC update

Sponsor notes: 

• The Coin Metrics Team will be hosting a Data Challenge at ETH Denver! Learn more about the event & register for it here.
• At the Crossroads: Bitcoin ETFs & Coinbase
• In Coin Metrics State of the Network Issue 247, we zoom into the latest developments with Bitcoin ETFs and Coinbase Q4 2023 earnings

Check out this episode!

Matt and Nic are back with news and deals of the week. In this episode: 

• On The Brink is now on Farcaster
• The pitfalls of Web3 social
• The boys have problem with seed phrases
• Optimistic rollups on Bitcoin are now possible? 
• ETF flow updates
• GBTC and Mt Gox flows 
• Why the halving may not be bullish
• SEC vs Debt Box 
• Why we think an Ethereum ETF is unlikely
• SAB121 update
• The Treasury rebukes the WSJ’s story on Hamas’ use of crypto
• Can John Deaton unseat Elizabeth Warren? 

Sponsor notes:

• Navigating the Avalanche: An Introduction to the Avalanche Network
• In Coin Metrics State of the Network Issue 246, we navigate Avalanche’s role in the digital asset ecosystem

Check out this episode!

Matt and Nic are back for another week of news and deals. In this episode: 

• OPNX is very sadly shutting down 
• Is jail good for you? 
• GBTC outflows are declining
• Solicited versus unsolicited treatment of ETFs
• The Bitcoin L2 space is heating up
• The latest on COPA 
• We revisit the Satoshi is the NSA conspiracy 
• SAB121 stuff
• The DoE’s Bitcoin mining data collection emergency
• What’s happening with Farcaster? 
• Brink Nation joins Farcaster 
• Monero delisted from Binance 
• Solana outage this week

Content mentioned: 

• Fidelity Digital Assets, Q4 2023 Signals Report

Sponsor notes: 

• Ethereum’s Dencun Upgrade
• In Coin Metrics State of the Network Issue 245, we dive into the details of the Ethereum Dencun upgrade and highlight key indicators to monitor its success

Check out this episode!

Matt and Nic are back with another week of news and deals. In this episode: 

• Where is the FTX tungsten cube?
• FTX will make a 100% recovery for creditors
• FTX 2.0 is not happening
• The Genesis Digital Assets mystery
• Tether’s blockbuster quarter
• Chris Larsen hacked
• New legislative developments on SAB121
• Bitcoin Season 2 is underway
• The Biden admin is requesting information from Bitcoin miners
• How anti-AI energy activism is revealing about the decel agenda
• The CSW v COPA case is nearing trial 
• We reflect on the terrible CSW era 
• Elizabeth Warren letter watch 
• The SEC withdraws their case against DebtBox in shame

Content mentioned: 

• IEEE, Bezos Bucks? Get Ready for Corporate Digital Currency

Sponsor notes: 

• Conducting the ETH Census
• In Coin Metrics State of the Network Issue 244, we highlight the complexities of calculating ETH’s total supply and share our method for arriving at an accurate figure

Check out this episode!

Matt and Nic are back with a celebratory 500th episode. In this episode: 

• ETFs are off to a rocky launch with the GBTC premium trade closing
• Bitwise launches real time transparency for their ETF holdings
• Fraud in the metals market versus Bitcoin
• The boys confront some fake news
• Is there light at the end of the tunnel for GBTC redemptions?
• Nic’s spat with Bloomberg
• The US is selling $130m of BTC seized from the Silk Road
• TFL declares bankruptcy
• The boys learn about a face amount certificate
• We answer your listener questions 

Content mentioned:

• Bloomberg, Crypto fans lured by 20% stablecoin yiekds

Sponsor notes:

• Tether’s Ascent: Breaking Down the Dominant Stablecoin’s Growth
• In Coin Metrics State of the Network Issue 243, we explore Tether’s impressive growth, adoption, nature of USDT usage and reserves through on-chain data

Check out this episode!

Matt and Nic are back for a historic week in the history of Bitcoin. In this episode:

• Spot ETF approved and starts trading
• Why day 1 flows might disappoint but longer term flows could materialize
• Day 1 price action review
• The GBTC conversion effect
• ETF scoreboard after one day of launch
• The SEC’s multiple SNAFUS in their ETF launch
• Gensler’s grudging approval and his questionable logic
• Commissioner Crenshaw’s dissent
• Gensler may have made a strategic mistake in his dissent
• Prospects for an ETH ETF
• What’s next for the Bloomberg ETF boys
• Did Bitcoin change tradfi
• Fidelity is harvesting goodwill
• ETF fee review

Sponsor notes

• Market Structure on the Cusp of Spot Bitcoin ETFs
• In Coin Metrics State of the Network Issue 241, we explore digital asset market structure on the cusp of spot Bitcoin ETFs

Check out this episode!

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

• Our plans for episode 500
• Jamie Dimon thinks Satoshi might return and vanish the bitcoins or increase the 21m cap 
• Howard Lutnick goes to bat for Tether 
• Chevron doctrine is challenged in SCOTUS
• Dunking on Tether Truthers
• Coinbase vs SEC resumes 
• Coinhares acquires Valkyrie
• The relationship between GBTC and spot BTC
• BTC ETF rankings after 4 days of trading
• Coin Center declines to answer Elizabeth Warren
• Morgan Stanley on stablecoins (and did they plagiarize?)
• Will restaking cause an ETH fork?

Sponsor notes: 

• A Short Guide to Bitcoin On-Chain Data for ETF Newcomers
• In Coin Metrics State of the Network Issue 242, we introduce or reacquaint some to the field of on-chain data, underscoring the properties that make bitcoin an intriguing asset

Check out this episode!

Bridge CEO and Co-Founder Zach Abrams joins us for an episode chronicling the explosion of stablecoin volume and how Bridge is building critical infrastructure. In this episode: 

• Zach’s origin story and how he arrived at building Bridge
• Bridge’s core products today and how clients use their APIs
• Future issuance of stablecoins
• Key global use cases for stablecoins today
• Evolution of the stablecoin market
• Building a crypto company in a bear market

Learn more about Bridge

Check out this episode!

Ryan Selkis, the co-founder and CEO of Messari joins the show. In this episode we discuss:

• The regulatory landscape and how the industry should be prioritizing policy initiatives.
• Grayscale, GBTC and the evolution of exchange traded products.
• The institutional market and the impact of a Bitcoin ETF.
• The many failures of the SEC with regards to crypto policy in the USA.
• Messari’s roadmap in 2024

To learn more visit messari.io and download the Crypto Theses 2024 report. Follow Ryan on X.

Check out this episode!

Matt Hougan, the CIO of Bitwise Asset Management joins the show. In this episode we discuss: 

• Spot Bitcoin ETFs are approved!
• The process to get to this point.
• The competitive landscape for the 11 products that were approved by the SEC on Wednesday. 
• BITB, the Bitwise spot product which is the low cost option in the market. How it works and when it will trade. 
• Bitwise’s plan to donate 10% of profits to The Human Rights Foundation, Brink and OpenSats
• The outlook for an evolving custody and trading market structure. 
• Ethereum ETFs in the near future?

Learn more about Bitwise’s BITB

Check out this episode!

Matthew Le Merle and Mitch Mechigian of Blockchain Coinvestors join the show. In this episode we discuss the Blockchain Coinvestors 2024 Predictions.

To learn more about Blockchain Coinvestors:

• Website
• Webinar

Check out this episode!

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

• Matrixport’s bearish ETF take
• The DoJ drops campaign finance charges against SBF
• Goldman and JPM are authorized participants for the ETF
• Where will the fees settle out for the major Bitcoin ETFs
• Nic’s vanity license plate story
• Do we still believe in tungsten

Sponsor notes: 

• Coin Metrics State of the Network’s 2024 Outlook
• In Coin Metrics State of the Network Issue 240, we offer our perspective on some of the biggest trends to watch in 2024 in the digital assets industry.

Check out this episode!

Check out this episode!

Matt and Nic return for the last week of 2023. In this episode:

• South Shore bar pie
• Our 2024 resolutions
• Was Barry Silbert the main character
• Bitcoin miners had a good year
• ARK is selling their GBTC holdings
• The Cointucky Derby
• Will an ETH ETF be a fast follow?
• Will ETF sponsors sue the SEC over cash create for ETFs?
• Nic and Matt’s 2024 predictions for stablecoins, Bitcoin, Ethereum, DeFi, NFTs, and adoption
• Solana versus Ethereum debate
• ETH L2 gas usage and EIP4844
• Is the BSA unconstitutional?
• Is 2024 the year the 3AC boys are finally apprehended?

Sponsor notes

• Coin Metrics’ Best of State of the Network in 2023
• In Coin Metrics State of the Network Issue 239, we reflect on a year full of riveting data and crucial events through the lens of the research team’s favorite issues from 2023

Check out this episode!

Check out this episode!

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

• Matt’s tree crisis
• The Jamie Dimon Elizabeth Warren nexus
• Is there a really a revolving door between crypto and the government?
• Warren’s latest volley of letters
• Promethian gets authorization to start trading
• We recap the inscriptions frenzy
• A new Super PAC is raised
• The BVI issues a seizure of the 3AC assets
• Zooko steps away from Zcash

Content mentioned in this episode:

• Messari’s Crypto Theses for 2024
• Bitwise 2024 predictions
• Blockchain Coinvestors 2024 predictions

Sponsor notes

• State of the Network’s 2023 Year in Review
• In Coin Metrics State of the Network Issue 238, we revisit major stories that shaped the digital asset industry in 2023 with a data-driven lens

Check out this episode!

Dan Tapiero, the founder and Managing Partner of 10T Holdings and 1RoundTable Partners joins this show. In this episode we discuss:

• The state of the crypto/blockchain markets since the FTX collapse.
• The impact of the Bitcoin ETF on fund flows in the industry.
• The market for growth and secondary investing.
• The LP landscape and how allocators are thinking about the sector.
• 1RT’s strategy and the categories that Dan is finding compelling.

To learn more about 1RT visit their website and follow Dan on X.

Check out this episode!

Andreas Tsamados, the founder of Fileverse joins the show. In this episode we discuss:

• Andreas’ academic background and path that led him to starting Fileverse
• An overview of Fileverse and the ambitions of the project.
• Why a decentralized file sharing platform is necessary and better than a centralized option for certain customer types.
• SAFE multi-signs
• The state of decentralized file storage.
• Token models and how these could evolve over time.
• The Fileverse roadmap in the coming year.

To learn more about Fileverse visit fileverse.io

Check out this episode!

In this episode, we host Nick Neuman, CEO of Casa to discuss their recent stablecoin launch and:

• Casa’s value proposition
• How customers use Casa
• The decision to expand beyond Bitcoin to Ethereum
• The rationale behind supporting stablecoins
• Building custody tools for security versus convenience
• Nick’s views on experimentation on Bitcoin

Further reading:

• Protect your stablecoins: Hold USDC and USDT with Casa

Check out this episode!

Itai Turbahn, the co-founder and CEO of Dynamic joins the show. In this episode we discuss:

• The mission of Dynamic and the how the company is enabling seamless web3 log in experiences.
• Breakout applications in the web3 category.
• An overview of Passkeys and the impact that this technology will have on both web2 and web3 log in experiences.
• Account abstraction and the innovation that is likely to emerge using this technology.
• Dynamic’s new embedded wallet offering.
• Itai announces Dynamic’s Series A round of financing from a16z, Founders Fund, Castle Island Ventures and others.

To learn more about Dynamic visit dynamic.xyz

Check out this episode!