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On The Brink with Castle Island

Jul 8, 2022

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

  • USDC gains ground on USDT
  • Stable liquidity is sticky
  • Why fiat-backed stables are still more censor resistant than bank deposits
  • Do stablecoins make L1s unforkable
  • Will the emergence of crypto prime brokers pressure crypto yields?
  • Voyager files for Chapter 11
  • Should investors also be clients of lending firms they invest in?
  • Circle’s origins as a spot crypto broker
  • 3AC files for Chapter 15
  • Genesis confirms they had 3AC exposure and DCG absorbed the losses
  • EU agrees on tentative MiCA regulation
  • MiCA avoids the PoW ban
  • Did the EU write model stablecoin regulation?
  • The WSJ pushes back at Gary Gensler on the spot BTC ETF
  • The SEC’s double standard in metal ETFs versus a BTC ETF

Sponsor notes: