Weekly Roundup 05/13/22 (Terra collapses, FASB reconsiders Bitcoin accounting, the Fed's third mandate) (EP.318)

Matt and Nic cover news and deals of the week. In this episode:  The CIV hat snafu Was synthetic USD on Bitmex the first stablecoin?  Remembering Mastercoin and seigniorage shares stablecoins  Does the Fed have a shadow third mandate?  We break down the Luna situation and why it was destined to fail  Why the subsidized yields on Anchor were the biggest mistake  Likely fallout from the Luna collapse  The Terra blockchain is halted  Do we actually need algorithmic stablecoins?  SBF acquires a stake in Robinhood  Is the Twitter sale to Elon under threat?  Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter