Matt and Nic return for another week of news and deals. In this episode:  What’s happening with Proof of Reserves? Will BTC and ETH have another fee crisis? Nishad Singh has met with the SDNY in a proffer session The SEC is investigating VC funds that invested in FTX FTX debtors and the Bahamas announced a cooperation agreement FTX announced that it has recovered over $5 billion in assets thus far Gemini and DCG continue to face off Cameron Winklevoss’ letter to DCG Nexo is raided in Bulgaria for alleged money laundering Robinhood is dropping support for Bitcoin SV DCG is under investigation from the SEC Mike Novogratz wants to punch disgraced crypto titans in the face Crypto charity boxing We review Ace Ventura: Pet Detective SBF starts a Substack Japanese retail sours on crypto Should there be more charity boxing in crypto? The state of crypto podcast sponsors Content mentioned in this episode: Ria on Mirror, Reviving Trust in Crypto Coinbase, 2023 Crypto Market Outlook Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter