Matt and Nic return for news and deals of the week. In this episode: What caused the Pound Sterling to sell off? Deglobalization picks up Stirrings of a sovereign debt crisis emerge Explaining Deribit’s insider-led down round Can the market recover before Do Kwon, Machinsky, and 3AC are dealt with? Celcius’ Machinsky steps down Brett Harrison leaves FTX US 7 states issue C&Ds against Nexo The CFTC goes after Ooki DAO and DAO members The CFTC serves Ooki through a chatbox and a forum post How voting in a DAO can cause you to incur personal liability Why putting a DAO in a ‘legal wrapper’ might make sense The Fed will not pursue a digital dollar (for now) The ‘convenience yield’ of holding a CFTC OTB Bingo Would it be good for Bitcoin to be flippened? Sponsor notes: Talos powers institutional access to the entire digital assets ecosystem via a single-point of entry. Connect directly to your preferred prime brokers, lenders, investors, custodians, exchanges, OTC desks and more, or meet them on Talos. Get started at Talos.com Subscribe to the Coin Metrics State of the Network newsletter