Matt and Nic return for news and deals of the week. In this episode:  Nic's shoe problem Web3 merch for OTB? The White House releases a report on crypto asset energy usage Why the US should encourage mining within its borders  Coinbase is funding a lawsuit against OFAC  Binance is converting USDC into BUSD on their platform  Poolin is having liquidity problems Russia considers crypto for cross border payments  The US Government recovers $30m from the Axie hack Gensler keeps firing barbs Nic doesn't buy the supply shock thesis around the Merge Will ETH have another high fee era?  What could an ETH carry trade look like?  Content mentioned:  The White House, Climate and Energy Implications of Crypto-Assets in the United States Gary Gensler speech at the SEC, Kennedy and Crypto Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter and read their Mapping out the Merge report