Weekly Roundup 05/13/22 (Terra collapses, FASB reconsiders Bitcoin accounting, the Fed’s third mandate) (EP.318)

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

  • The CIV hat snafu
  • Was synthetic USD on Bitmex the first stablecoin? 
  • Remembering Mastercoin and seigniorage shares stablecoins 
  • Does the Fed have a shadow third mandate? 
  • We break down the Luna situation and why it was destined to fail 
  • Why the subsidized yields on Anchor were the biggest mistake 
  • Likely fallout from the Luna collapse 
  • The Terra blockchain is halted 
  • Do we actually need algorithmic stablecoins? 
  • SBF acquires a stake in Robinhood 
  • Is the Twitter sale to Elon under threat? 

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