Weekly Roundup 12/12/25 (Do Kwon sentenced, DTC no action letter, Circle's private stablecoin) (EP.690)

Matt and Nic are back with more news and deals. In this episode:

• CIV grows the team • Nic does not regret 8 years in crypto • People are getting blackpilled about crypto • Does speculation in crypto have positive externalities? • Matt has never seen LOTR • Will web3 ever come back? • The OCC lets banks broker crypto trades • The Bitwise 10 lists • Rushi Manche returns with a fund • Circle is launching a private stablecoin • The DTC gets a no action letter from the SEC to settle tokenized securities • We do a Terra/Luna restrospective • Terra's fatal mistake • Oracle mishaps on prediction markets • Why did the nation's largest teachers union come out against the Market Structure bill

Content mentioned in this episode:

• Nic Carter and Allen Farrington, All Falls Down