Matt returns with CMS Holdings' Dan Matuszewski, filling in for Nic, covering deals and news of the week. In this episode:  Bitcoiners brief Norwegian policymakers History of the BitLicense Circle’s physical BitLicense a16z raises a massive $4.5b fund The effect of VC dry powder on crypto startups Can crypto catch a bid until macro calms down Adam Neumann is back with a blockchain startup FTX attends a heated CFTC roundtable Arthur Hayes gets house arrest and probation Why certain Tether holders will never redeem An unlikely winner from Tether concerns Does shorting Tether make sense? Fallout from Terra’s collapse Are algostables going to exist forever CMS’s Super Pac and reflections on conversations in Washington SBF announces his intention to spend $1B on the 2024 election Scott Minerd is very bearish on Bitcoin What on earth is HEX ETH Merge concerns Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter