Exciting Developments in Ethereum's DeFi Space: Ethereum's DeFi sector sees rewards worth millions through Kyber's liquidity mining program on L1 and L2, Bitcoin price remains stable, ETH/BTC ratio slightly increases, overall sentiment remains bullish.
The crypto market has seen some volatility in recent weeks, with both Bitcoin and Ethereum experiencing price fluctuations. The Ethereum community did not celebrate any specific blockchain holidays yet, but there are exciting developments like Kyber's liquidity mining program on both L1 and L2, offering substantial rewards for participants. Kyber's program is part of the DeFi summer thesis on L2, with millions of dollars in rewards available over the next three months. The Bitcoin price started and ended the week around $33,300, while Ethereum saw a similar pattern, starting and ending the week at roughly $2,100. The ETH/BTC ratio showed a slight increase, with Ether outperforming Bitcoin, up almost 10% on the week. Despite the price movements, the overall sentiment in the crypto community remains bullish, with many keeping an eye on the DeFi summer and potential new projects and partnerships.
Discussion on Ethereum outperforming Bitcoin and the state of DeFi: Ryan believes Ethereum will continue to outperform Bitcoin in 2021, despite some uncertainty. DeFi's Total Locked Value is around $52B, down from highs, but Ryan feels it's the bottom. Layer 2 platforms in Ethereum have $322M total value locked in.
During the discussion, Ryan expressed his belief that Ethereum (ETH) would outperform Bitcoin (BTC) for the rest of the year, despite some uncertainty about the next six months. He made this prediction back in December 2020 when Bitcoin was dominating the market, and Ethereum was lagging behind. So far, Ethereum has outperformed Bitcoin significantly, with a year-to-date increase of 188% compared to Bitcoin's 16%. Ryan also touched on the topic of DeFi (Decentralized Finance) and the current state of the Total Locked Value in DeFi, which is around $52 billion, down from the highs. He mentioned that the DPI (DeFi Pulse Index) is currently below 0.13, but he still feels good about it being the bottom. Additionally, they discussed LTB (Layer 2 Tracker), which shows the total value locked in Ethereum's layer 2 platforms, currently at $322 million. Overall, the conversation revolved around the performance of Ethereum and Bitcoin, as well as the current state of DeFi.
Growth of Layer 2 solutions on Ethereum and the impact of DeFi platforms: Layer 2 solutions like Optimism and Arbitrum are expected to grow significantly, surpassing other platforms. DeFi platforms Aave and Balancer innovate with yield opportunities and automated market makers, attracting users and institutions.
Layer 2 solutions on Ethereum, such as Optimism and Arbitrum, are expected to experience significant growth, with the potential to surpass the achievements of other popular platforms like Polygon. This growth is due in part to the upcoming launches of these projects in July. Another key takeaway is the innovation and versatility of decentralized finance (DeFi) platforms like Aave and Balancer. Aave allows users to supply assets to earn yield and borrow assets with stable interest rates, while Balancer offers flexible automated market makers and the ability to generate yield from idle tokens. These platforms represent the foundation for the growing DeFi ecosystem, attracting both individual users and institutions. Compound, a yield farming platform, is also expanding its reach by offering yield opportunities to institutions, further fueling the growth of the DeFi space.
Polygon's Ecosystem Expansion: Avail, DeFi Integrations, and New Launches: Polygon's ecosystem is growing with the launch of Avail, integrations of DeFi platforms, and new launches like Curie and Element Finance, addressing scalability, financial services, and granular asset control.
Polygon, a scaling solution for Ethereum, is making significant strides in enhancing its ecosystem through various initiatives. One such initiative is the launch of Avail, a data availability layer on Polygon to further scale roll-ups and solve data availability issues. Another development is the integration of DeFi platforms like Compound and Cream Finance, expanding the range of financial services available on Polygon. Perpetual Protocol's launch of Curie, a cross margin trading limit order multi-collateral protocol on Arbitrum, addresses the needs of high-frequency traders and day traders that benefit from layer 2 solutions. Lastly, Element Finance's deployment to mainnet signifies the platform's readiness to split an asset into principal and yield components, providing users with more granular control over their assets. These advancements underscore Polygon's commitment to offering a comprehensive and scalable DeFi ecosystem.
Coinbase offers 4% APY on USDC, Compound's Robert Leshner to discuss, New crypto comedy show 'Top Signal': Coinbase introduces 4% APY on USDC, Compound's Robert Leshner joins 'State of the Nation', New crypto comedy show 'Top Signal' released
There are some exciting developments happening in the crypto space, both from new projects like Element with its experienced Ethereum team, and established players like Coinbase. Coinbase is now offering 4% APY on USDC coins held on its platform, which is a shift from its previous savings rate. This higher yield is likely due to Coinbase lending out users' USDC, similar to how BlockFi operates. The team behind Compound, Robert Leshner, will be on "State of the Nation" to discuss this new development and possibly comment on the competition between Coinbase and Compound. Additionally, a new crypto comedy show, Top Signal, has been released as part of the Bankless ecosystem. The show, which features Michael Wong, is known for its creative and unpredictable content, and could potentially include rap battles in the future. Overall, these developments showcase the continued innovation and growth in the crypto industry.
Ethereum Rap Battle Duo Signal Hosts Unpredictable Show with Chess Streamers and Top Players: Ethereum community sees growth with Signal's rap battle, Nansen's $12M funding, TracerDAO's $4.5M deployment, and a $18M DeFi education fund proposal.
An Ethereum rap battle duo, Signal, is planning to have a fun and unpredictable show featuring special guests, including a chess streamer and her co-host, as well as trying to beat the best chess players. Additionally, Nansen, a blockchain data analytics provider, recently received a significant funding of $12 million to help parse and consume the vast amount of Ethereum data. Another development is TracerDAO, which raised $4.5 million from notable VCs and angels, and is deploying on Arbitrum as a layer 2 first deployment. Furthermore, a DeFi education fund proposal was made in Uniswap governance, asking for $18 million to fund policy maker education, thought leadership, legal services, grassroots advocacy, and best practices. This shows DeFi's growing influence and financial power to make a voice in legislation and expand into the public's hearts and minds.
DeFi projects focus on user experience and accessibility: DeFi projects are enhancing user experience through familiar interfaces and simplifying processes, while also recognizing the importance of advocacy and regulation.
DeFi projects are increasingly focusing on user experience and accessibility, with initiatives like Uniswap Grants and Coinbase's proposed "App Store" experience for DeFi protocols. These efforts aim to bring DeFi to a wider audience by providing familiar interfaces and simplifying the process of engaging with decentralized finance. Additionally, DeFi projects are recognizing the importance of advocacy and regulation, with initiatives like the Uniswap Grants specifically seeking content that positively impacts public perception of DeFi. This shows that DeFi is not only defending its narrative but also going on the offensive in the battle for hearts and minds, recognizing the need for a strong voice in legislative halls. Overall, these developments suggest a maturing DeFi ecosystem that is becoming more user-friendly and better positioned to navigate the complex regulatory landscape.
The intersection of gaming, NFTs, and DeFi: Decentralized projects like Synthetics and gaming platforms on Ethereum, such as Axie Infinity, are generating real income for users through NFTs and DeFi. Twitter's entry into NFTs and potential integration of the lightning network adds to the buzz.
The intersection of gaming, NFTs, and DeFi is proving to be a profitable and innovative space. Synthetics, a decentralized project, is experiencing a resurgence with the return of its co-founder Cain, who is seen as a guiding force for the project. Elsewhere, Axie Infinity, a gaming platform built on Ethereum, has generated over $11 million for its players in the last 30 days, highlighting the potential for real income through digital assets. This trend is not new, as other projects like Gaming and Chain have seen players earning wages through NFTs and DeFi. Twitter's entry into the NFT market through Rarible adds to the buzz, even as Jack Dorsey hints at the integration of the lightning network on Twitter. While the value of NFTs may be unclear to some, the potential for income and innovation in this space is undeniable.
NFTs selling on verified Twitter accounts and Internet history as NFTs: Verified Twitter accounts selling NFTs, including Internet history, highlights the potential of NFTs to preserve and value Internet culture. Celebrities and tech pioneers are getting involved, indicating growing influence in crypto and pop culture.
The verified Twitter account selling NFTs, even if they're not historical moments, is a significant development in the NFT world. Jack Dorsey's denial of buying ETH despite the implication that he might have paid gas fees in ETH to mint Twitter's NFTs sparked a conversation about cognitive dissonance and the legitimacy of owning pieces of Internet history as NFTs. A notable example of this is Tim Berners Lee selling original code as an NFT for $5.4 million, highlighting the potential of NFTs as a way to preserve and value Internet culture. The NFT market has seen high-priced sales of deep Internet culture pieces before NFTs were even a thing, and this phenomenon is expected to continue. Even celebrities like Jay Z are getting involved in the NFT game, whether by buying or minting NFTs, showcasing the growing influence of NFTs in crypto and pop culture.
Jay Z enters NFT market through Sotheby's, Bitcoin mining industry undergoes changes: Jay Z joins NFT market through Sotheby's deal, Bitcoin mining shifts due to regulatory issues and energy concerns, continuous cycle of investment and replacement for Bitcoin ASICs
The intersection of traditional art and culture figures with NFTs and mainstream art distributors is continuing to make waves in the crypto world. Jay Z's entry into NFTs through Sotheby's is a significant event, indicating growing prestige and value in the NFT market. Meanwhile, the Bitcoin mining industry is undergoing major changes as miners leave China due to regulatory issues and the search for cleaner energy sources. This has led to a decrease in hash rate and difficulty adjustments, causing some to invest heavily in new Bitcoin ASICs to maintain profitability. However, these ASICs have a limited lifespan and cannot be easily repurposed, leading to a continuous cycle of investment and replacement. Overall, these developments highlight the ongoing evolution and maturation of the crypto industry.
Bitcoin's Proof of Work vs Proof of Stake: Complex Trade-offs: The debate between Bitcoin's Proof of Work and Proof of Stake systems highlights the complexities and trade-offs in blockchain technology, with arguments for both sides regarding distribution of capital, accessibility, and environmental impact.
The proof of work system used by Bitcoin, which requires specialized and expensive ASICs for mining, results in a significant amount of waste as these machines become obsolete every few years. This is a point often made in favor of proof of stake, which is seen as a more efficient alternative. However, the debate is not so clear-cut, as there are arguments on both sides regarding the distribution of capital and accessibility to mining. While proof of stake does allow for greater accessibility as it can be done from a laptop, the economies of scale mean that larger stakeholders receive a disproportionate amount of rewards. On the other hand, the argument for Bitcoin is that the constant need to upgrade and replace ASICs leads to a distribution of capital in the industry. Another point of contention is the environmental impact, as the disposal of old ASICs raises concerns about electronic waste and energy consumption. Ultimately, the debate highlights the complexities and trade-offs of different consensus mechanisms in blockchain technology.
Exploring free Bitcoin mining through energy partnerships: Bitcoin mining costs could decrease with energy partnerships, but wealth inequality concerns arise. Ark Invest pushes for a Bitcoin ETF, El Salvador adopts Bitcoin as legal tender, and Binance faces UK regulatory challenges. These events underscore Bitcoin's continued evolution and mainstream adoption.
The Bitcoin mining industry is exploring new ways to reduce operational costs by pairing mining operations with energy generation facilities, which could potentially make mining free. However, this raises concerns about wealth inequality in the Bitcoin community. Meanwhile, Cathie Wood's Ark Invest is attempting to create a Bitcoin ETF, showing bullish sentiment towards Bitcoin. El Salvador is making Bitcoin legal tender and giving citizens $30 in Bitcoin to promote adoption. Binance is facing regulatory challenges in the UK, but it remains to be seen how much the exchange's operations will be impacted. Overall, these developments highlight the ongoing evolution and growing mainstream adoption of Bitcoin.
Regulatory Landscape for Cryptocurrencies: Uncertainty and Evolution: Binance faces growing scrutiny, US Fed debates CBDC, stablecoins could act as CBDC proxy, crypto exchanges recruit high-profile influencers, regulatory landscape uncertain, stakeholders need to stay informed
The regulatory landscape for cryptocurrencies, particularly central bank digital currencies (CBDCs), is complex and evolving. Binance, a major cryptocurrency exchange, is expected to face increasing scrutiny from nation states as it grows, while the US Federal Reserve is still debating whether or not to issue a CBDC. A vice chair of the Federal Reserve, Randy Quarles, has argued that private stablecoins could act as a proxy for a CBDC, indicating some division within the Fed on the issue. Meanwhile, crypto exchanges like FTX are making moves into the mainstream by recruiting high-profile influencers like Tom Brady and Giselle. While this may bring more attention and investment to the crypto space, it also raises questions about decentralization and the potential for increased regulation. Overall, the regulatory landscape for cryptocurrencies is uncertain, and it will be important for stakeholders to stay informed and adapt to changing regulations.
Dfinity's Token Sale Impact and Recent Developments: Despite Dfinity's team selling large amounts of tokens, crypto landscape thrives with investments from companies like Visa, expansion of USDC stablecoin, Uniswap DAO grants, and Gemini's crypto earning programs.
The massive selling of tokens by the Dfinity team in the initial stages of the project significantly impacted the price and potentially ruined its legitimacy. The team made a substantial profit, but the move left a negative impression on the community. On a positive note, companies like Visa are continuing to invest in crypto, and USDC stablecoin is expanding to multiple blockchains. The Uniswap DAO is also accepting grant applications, and Gemini offers crypto earning opportunities with their yield program and crypto back credit card. Overall, the crypto landscape continues to evolve with new developments and opportunities.
Comparing the crypto world to Gutenberg's printing press era: Exciting time for crypto despite challenges, potential for DeFi and permissionless communication, accessibility leading to financial education, and plans to list every crypto asset
The world of crypto and web 3.0 is still in its infancy, with many opportunities for exploration and investment, much like the early days of the internet. A tweet by Greg Eisenberg compares this period to Gutenberg launching the printing press when 96% of Europeans were illiterate, emphasizing that it's an exciting time despite the current challenges. The potential for decentralized finance (DeFi) and permissionless communication to drive innovation and empower communities is immense, as seen in the rise of projects like Bankless and the Crypto Renaissance Podcast. Additionally, the accessibility of crypto is leading many young people to learn finance and take the torch from the previous generation. Coinbase's CEO, Brian Armstrong, further highlights the potential by stating their plans to list every crypto asset where legally viable. Overall, the crypto space is full of possibilities and learning opportunities, making it an exciting time for those willing to dive in.
Coinbase focuses on legality for listing cryptocurrencies: Coinbase shifts to a neutral listing approach, following decentralized exchanges and aiming for a more direct interaction between creators and consumers in the crypto space, challenging traditional business models.
Coinbase is shifting its approach to listing cryptocurrencies, focusing solely on legality rather than evaluating the quality or potential of the assets. This change positions Coinbase as more neutral in the market, following the lead of decentralized exchanges like Uniswap. Vitalik Buterin's quote about blockchains automating away the center of traditional systems also resonates with this discussion. The vision of decentralized autonomous organizations (DAOs) where code governs the core and humans interact at the periphery is an end goal for Ethereum, aiming to eliminate intermediaries and empower individuals. This shift towards decentralization and neutrality in the crypto space is significant as it challenges traditional business models and paves the way for a more direct interaction between creators and consumers.
Decentralized Ownership Models and the Future of DAOs: DAOs represent a new economy where individuals can earn, own, and have equity in a platform. Ethereum's capital efficiency drives the demand for ether in DeFi protocols, making it the most capital-efficient asset. DAOs act as programmable capital coordination tools, offering multisigs as programmable treasuries and tokens as cap tables.
We're witnessing a shift towards decentralized ownership models in various industries, with DAOs (Decentralized Autonomous Organizations) being a key player. This new economy, as Jesse Walden calls it, allows for not just earning money but also ownership and equity in the platform. DAOs, like Koopa Troopa, are shedding light on the current state and future potential of these organizations. David Hoffman's upcoming article explores the capital efficiency of Ethereum and how it relates to the success of DeFi protocols, ultimately benefiting Ether as the most capital-efficient asset. The competition among DeFi apps to become more capital-efficient drives the demand for ether. Ryan's excitement lies in the potential of DAOs as programmable capital coordination tools, offering multisigs as programmable treasuries and tokens as cap tables. Overall, this discussion highlights the transformative impact of decentralized ownership models and the potential they hold for the future.
DAOs as transformative as NFTs, potential larger impact than major tech companies: DAOs built on Ethereum as global, open, programmable banking system, potential for significant returns, focus on developing tools for effective functioning, growing community of enthusiasts
DAOs (Decentralized Autonomous Organizations) are expected to be as transformative as NFTs (Non-Fungible Tokens) were in the past year. DAOs are being built on Ethereum as a global, open, and programmable banking system, and they have the potential to become larger and more impactful than major tech companies like Facebook. However, it's unclear exactly how or in what areas DAOs will have the greatest impact. The current focus is on developing the necessary tools for DAOs to function effectively. This is an exciting time for those interested in DAOs, as they offer immediate access to investment opportunities and the potential for significant returns. The Bankless Nation map, created by a member of the Bankless DAO, provides a glimpse into the growing community of DAO enthusiasts.
Bankless Community's Intricate Crypto Ecosystem: The Bankless community is creating a comprehensive ecosystem in crypto, including DAO, LLC, yield farms, cold storage, and a Bitcoin Citadel, reflecting their creativity and unwavering belief.
The Bankless community, through the Bankless DAO and various projects, is creating a comprehensive and intricately connected ecosystem within the crypto space. This ecosystem includes elements like Bankless DAO and LLC, yield farms, cold storage, and even a Bitcoin Citadel, reminiscent of a medieval Lord of the Rings-type landscape. The community's creativity and dedication are reflected in the intricacies of this map. Another notable takeaway is the strong sense of conviction within the crypto community, as exemplified by the Anakin and Padme meme. In this meme, Anakin's unwavering belief in Bitcoin is represented by his laser eyes, which he refuses to remove even during a bear market, symbolizing the community's determination to stay the course despite market fluctuations. These two examples highlight the creative spirit and unwavering belief within the Bankless Nation, making for an engaging and dynamic community in the ever-evolving world of crypto. Remember, though, that investing in crypto carries risk, and it's essential to do your own research and make informed decisions.
ROLLUP: Jay-Z NFTs, Axie Infinity, China's Bitcoin Miners, Coinbase USDC, (5th Week of June)
Recent Episodes from Bankless
Fed Rate Cut: Is It Too Late? | Macro Alf
Jerome Powell and the Federal Reset is about to cut rates, but the question on everyone’s mind is… What happens next?
Alfonso Peccatiello, known as "Macro Alf," is a macroeconomic analyst and investment strategist and he’s joining the pod to help us figure this out.
- Are these rate cuts just in time or too little too late?
- Is the Fed cutting by 25bps or 50bps?
- Will we get a recession or the soft landing the FED is hoping for?
- What will happen to crypto assets?
We discuss all this and more with Macro Alf, one of the top minds in macro out there.
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⚖️ ARBITRUM | SCALING ETHEREUM
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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TIMESTAMPS
0:00 Intro
5:41 The Fed is Behind the Curve
12:28 Why Haven’t Things Broke?
18:57 Bad News are Actually Bad News
24:17 Fed Rate Cut Prediction
30:43 Elizabeth Warren’s Letter
35:06 Market Reaction
42:55 How to Prepare
53:20 Probability of Recession
54:48 Debasement
1:05:06 Monetary Plumbing
1:09:09 Debasement Assets
1:11:46 Closing Thoughts
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RESOURCES
Maro Alf
https://x.com/MacroAlf
Alf's Institutional Research Free Trial
https://docs.google.com/forms/d/e/1FAIpQLSfzLZS_8sWjyuqzDgJb9OQC_pSAoOjz6GVgsB0UIGzLELMSFQ/viewform
The MacroCompass
https://themacrocompass.org/
Monetary Plumbing Chart
https://x.com/MacroAlf/status/1834938859848634440
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Refuting L2 Fud & State of Arbitrum | Steven Goldfeder
Steven Goldfeder is back on the podcast today to discuss Arbitrum’s and all Ethereum L2 FUD.
Is a win for Arbitrum also a win for Ethereum, or is Arbitrum competing for users and liquidity? Steven addresses governance concerns and discusses the decentralization of Arbitrum’s Sequencer.
In the second half of the show, we get into the latest developments in the Arbitrum ecosystem, including Stylus, Bold, Orbit, and Timeboost.
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⚖️ ARBITRUM | SCALING ETHEREUM
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🗣️TOKU | CRYPTO EMPLOYMENT
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TIMESTAMPS
0:00 Intro
4:01 L1 vs. L2 Relationship
10:45 Use Cases of the L1 vs. L2s
18:56 Fastest Blockchain
20:05 Decentralization Priority
25:15 Sequencer Debate
33:06 Arbitrum x Espresso
38:02 Optimistic Rollups Capturing Ethereum Governance?
41:58 What Does Arbitrum Want From the L1
45:21 Increasing Block Times?
49:17 Arbitrum Ecosystem
52:21 How Does Stylus Work?
57:22 Web2 Devs Now Web3 Devs
1:03:02 Arbitrum’s Next 10x
1:08:17 Closing & Disclaimers
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RESOURCES
Steven Goldfeder
https://x.com/sgoldfed
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
What Are BlackRock’s Crypto Plans? | Robbie Mitchnick Head Digital Assets at Blackrock
That’s right, Bankless Nation, BlackRock on the podcast today.
BlackRock is the world’s largest asset manager, a company that manages over $10 trillion dollars in assets around the world, to put it in perspective, that’s 5 times the crypto market cap. Let’s just say what they do has ripple effects in global markets.
But here at Bankless we wanted to figure out what they’re doing in crypto. That’s why we brought Robbie Mitchnick, BlackRock’s Head of Digital Assets.
We explore Crypto narratives in TradFi, how they measure the risk profile of Crypto, their plans for the future of ETFs, Tokenization and even DeFi.
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⚖️ ARBITRUM | SCALING ETHEREUM
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🗣️TOKU | CRYPTO EMPLOYMENT
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TIMESTAMPS
0:00 Intro
5:36 What is BlackRock?
7:33 BlackRock’s Crypto Arc
14:42 Digital Assets Team
17:01 BlackRock Bitcoin ETF
20:33 Investor Education
22:48 Narratives
24:58 Risk Management
34:04 Regulatory Environment
38:27 The Future of ETFs
42:30 Tokenization
51:00 What Needs to be Built
54:26 The State of DeFi
57:03 BlackRock’s Crypto Mission
1:00:44 Closing & Disclaimers
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RESOURCES
Robbie
https://x.com/robbiemitchnick
Blackrock
https://x.com/BlackRock
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
ROLLUP: The Debate | 1st DeFi Congress Hearing | ENS joins PayPal/Venmo | Coinbase’s cbBTC
This week in crypto, the Trump vs. Harris debate sparked chatter, but did the markets react? DeFi had its first U.S. congressional hearing—how’d it go?
Friend.tech burned its keys—abandoning? ENS integrated with PayPal and Venmo, while Coinbase launched their cbBTC, and Sony might release a stablecoin.
Plus, did we see “war mode” Vitalik this week?
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TIMESTAMPS & RESOURCES
0:00 Intro
5:21 Markets
https://farside.co.uk/?p=1518
https://x.com/biancoresearch/status/1832806811088638440
https://x.com/matt_hougan/status/1833149076722081906
https://www.cbsnews.com/news/inflation-cpi-fed-readies-to-cut-rates-next-week/
https://www.tradingview.c om/symbols/FRED-WALCL/
https://x.com/sonyasunkim/status/1832114732326957274
18:02 House lawmakers ended up divided in 1st Congressional DeFi hearing
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409354
https://x.com/fund_defi/status/1833556632027955694
https://x.com/coinage_media/status/1833593592373243915
https://x.com/NeerajKA/status/1833530974212387228
https://x.com/rohangrey/status/1833543531228762323
https://x.com/jchervinsky/status/1833557017023459526
27:29 The Debate - they didn’t mention crypto!
https://x.com/CNN/status/1833703753179857334
https://x.com/erikvoorhees/status/1833705605045051850
https://polymarket.com/event/who-will-win-the-debate-according-to-polls
https://polymarket.com/event/presidential-election-winner-2024?tid=1726028429396
https://x.com/shayne_coplan/status/1833127734844789106
https://x.com/Polymarket/status/1833679653191512442
https://www.theblock.co/post/315808/presidential-debate-risk-off-crypto
https://x.com/MikeIppolito_/status/1833874331539034448
36:49 War mode vitalik? If its not stage 2, its not a rollup
https://x.com/vitalikbuterin/status/1834061075970683367
39:01 zkSync Stage 1? & New CMO?
https://blog.zknation.io/zksync-governance-system/
https://x.com/the_matter_labs/status/1833894141052494218
42:41 Sony Stable Yen
https://x.com/delzennejc/status/1833243834563650038
43:21 Friend.Tech team renounces control of smart contracts
https://x.com/friendtech/status/1832581118165709140
https://x.com/functi0nZer0/status/1833178200685318213
https://x.com/MacroMate8/status/1833393620407488542
https://x.com/friendtech/status/1833259362711986335
47:06 EigenLayer announced Season 2 Stakedrop!
https://blog.eigenfoundation.org/season-2-stakedrop/
48:55 ENS was integrated with PayPal and Venmo!
https://x.com/ensdomains/status/1833536140529570039
https://x.com/brantlymillegan/status/1833568986547818820?
50:16 Coinbase Bitcoin - cbBTC released!
https://x.com/coinbase/status/1834208544247144949
https://x.com/jessepollak/status/1833603913888764064?s=46&t=2ZINVXJQKx6xO_6Wiiu_2gb
55:04 David Fighting at Permissionless
58:01 Closing & Disclaimers
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Will AI Kill Democracy? | Yuval Noah Harari
Today on a special in-person recording of Bankless we welcome special guest and best selling author, Yuval Noah Harari. Yuval is best known for his book Sapiens, and today, he is introducing ideas from his next book Nexus.
We go deep down the history rabbit hole and explore the question, if human beings are so wise, why are we so self destructive?
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🎬 DEBRIEF | Ryan & David Unpacking the Episode:
https://www.bankless.com/debrief-the-yuval-noah-harari-interview
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------
TIMESTAMPS
00:00:00 Start
00:08:07 The World of Information Networks
00:10:59 Truth vs Information
00:21:28 Tribal Consequences
00:25:05 Naive View Of Information
00:34:27 Populist View Of Information
00:44:54 Inventing New Mechanisms
00:53:33 A Brief History Of Information Networks
00:58:43 The Most Successful Story Ever Told
01:05:13 Story vs Information Network
01:12:29 Story Of Debt Clay Tablets
01:14:53 Entering the Age Of AI
01:20:50 Self Correcting Mechanisms
01:25:35 The Potential Of Crypto
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RESOURCES
Yuval: https://www.ynharari.com/
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Where’s the ETH Bottom? | Ben Cowen
When is this all going to reverse?
That’s the question we asked Benjamin Cowen, YouTuber, Founder of Into The CryptoVerse and famous chart maximalist who does some fantastic technical analysis.
The main goal of this pod is to understand if we're currently going through Ethereum’s bottom but we also cover:
- Are crypto 4 year cycles dead?
- What’s next for ETH/BTC?
- How’s Ben positioning his portfolio for what’s coming?
Except to learn that and much more.
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🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
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------
TIMESTAMPS
0:00 Intro
5:33 Where Are We?
7:44 4 Year Cycles
22:52 ETH/BTC Ratio
29:28 ETH Price Analysis
37:55 Blue Chips vs Altcoins
55:32 ETH/BTC Final Equilibrium
1:01:11 Idiosyncratic Events
1:13:34 The Flippening
1:16:23 The Bull Market
1:20:58 2026
1:25:00 Presidential Election
1:27:30 Ben’s Portfolio
1:32:08 Closing Thoughts
------
RESOURCES
Ben Cowen
https://x.com/intocryptoverse
Ben Cowen on YouTube
https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Why Peter Schiff Hates Bitcoin & The Bull Case for Gold
Why does Bitcoin sucks and is inferior to Gold?
Peter Schiff is a financial commentator and economist that is relentlessly bullish on gold and a famous skeptic of bitcoin and cryptocurrencies.
He covers a ton of ground in this podcast, from what money really is, why gold can't be disrupted as the ultimate store of value, why we should abolish the Federal Reserve and principles to grow your wealth.
------
🎬 DEBRIEF | Ryan & David Unpacking the Episode:
https://www.bankless.com/debrief-the-peter-schiff-interview
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🦄UNISWAP | BROWSER EXTENSION
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
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------
TIMESTAMPS
0:00 Intro
7:07 What is Money?
15:05 Why is Gold the Apex Money?
27:59 Gold vs. Bitcoin Custody
36:27 Gold in The Internet Age
43:08 Gold as a Productive Asset
49:30 Gold vs. Bitcoin Demographics
53:90 Can Gold be Disrupted?
1:04:20 Should we Abolish The Federal Reserve?
1:13:33 Is the Stock Market Overpriced?
1:20:09 Principles to Grow Wealth
1:25:30 Steelmanning Crypto
1:36:17 Closing & Disclaimers
------
RESOURCES
Peter Schiff
https://x.com/PeterSchiff
Peter Schiff Youtube
https://www.youtube.com/@peterschiff
SchiffGold
https://www.schiffgold.com/
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
ROLLUP: Trump’s DeFi Project | CFTC vs. Uniswap | Brazil Bans Twitter | Coinbase AI | Polymarket & Bloomberg
This week in crypto, Trump’s new DeFi project sparked debate—is it legit or a grift? After the SEC, the CFTC targeted Uniswap—what’s going on with regulators?
Brazil’s Twitter ban also made waves—what does it mean for free speech and crypto’s role in resisting censorship?
Markets are asking if the 4-year cycle is dead, and Ryan has three takes on the lackluster crypto prices and what it could mean moving forward.
On the bright side, Polymarket is now on the Bloomberg terminal, and Coinbase is looking to bank the robots—an exciting step for AI and crypto.
------
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
------
TIMESTAMPS & RESOURCES
0:00 Intro
2:03 Markets
https://x.com/Negentropic_/status/1830685688662040961
https://outlierventures.io/article/token-trendlines-2-bitcoin-halving-the-four-year-cycle-is-dead/
https://x.com/RyanSAdams/status/1831316995691671641
https://x.com/Fiskantes/status/1831302629651042637
https://x.com/SplitCapital/status/1831317921089642915
https://x.com/iamDCinvestor/status/1831318267367145492
18:30 Trump revealed more about his DeFi project, World Liberty Financial!
https://www.worldlibertyfinancial.com/
https://x.com/realDonaldTrump/status/1829141447087648796
https://x.com/lex_node/status/1831084542377206220
https://x.com/lex_node/status/1831105068952961399
https://x.com/nic__carter/status/1831145983847137451
https://x.com/worldlibertyfi/status/1831348462635397271
https://x.com/RyanSAdams/status/1829500453152837828
32:07 Brazil banned Twitter
https://x.com/elonmusk/status/1829778143449698764
https://x.com/RyanSAdams/status/1831015509384364428
37:17 Binance exec Tigran Gambaryan entered Nigeria court on crutches
https://x.com/_RichardTeng/status/1830869029705441553
41:47 Arbitrum released Stylus!
https://x.com/arbitrum/status/1831020553211089243
https://x.com/joeykrug/status/1831367181885698392
43:30 Euler V2 is back!
https://x.com/eulerfinance/status/1831331399619756375
48:03 Celestia releases technical roadmap
https://blog.celestia.org/roadmap/
48:39 Bloomberg added Polymarket election data to Terminal
https://x.com/M_McDonough/status/1829166689516442043
https://x.com/shayne_coplan/status/1830984489259901203
50:13 CFTC charges Uniswap with illegal derivatives trading
https://www.cftc.gov/PressRoom/PressReleases/8961-24
https://www.cftc.gov/PressRoom/SpeechesTestimony/phamstatement090424
https://x.com/MinarikLaw/status/1831363800542634459
53:11 AIs are now paying other AIs with crypto
https://x.com/brian_armstrong/status/1829623778726592804
56:32 MEME of the Week
https://x.com/TrustlessState/status/1831386476841726226
59:03 Closing & Disclaimers
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Is the Ethereum Roadmap Off Track? | Max Resnick
Is the Ethereum roadmap… off track? Have we lost the plot? Are L2s running interference, intercepting all the users, transactions, and value from reaching the L1? And if all of this is real, and not just FUD, what should we do about it?
We have Max Resnick on the show today, he's an Ethereum researcher working at Special Mechanism Group and he’s got some opinions that are contrary to what is typically found out of the Ethereum Rollup Centric Roadmap.
Max explains why Ethereum is breaking down on its vision for bringing the world onto decentralized, censorship resistant, permissionless blockchains, and suggests possible alternative directions.
------
🎬 DEBRIEF | Ryan & David Unpacking the Episode:
https://www.bankless.com/debrief-the-max-resnick-interview
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------
TIMESTAMPS
0:00 Intro
5:08 Max’s Contrarian Take
12:20 The State of Rollups
17:59 Are L2s Extensions of Ethereum?
27:52 What Needs to Change
44:33 Based Rollups
50:05 The Holy Grail Blockchain
59:02 Scaling the L1
1:05:29 Max’s Incentives
1:09:53 Why Not Solana?
1:14:06 Navigating ETH’s Roadmap
1:18:05 ETH: The Asset
1:22:15 Value Capture
1:23:58 Call to Action
1:26:43 Closing & Disclaimers
------
RESOURCES
Max Resnick
https://x.com/MaxResnick1
Max Resnick Holy Grail Blockchain Tweet
https://x.com/MaxResnick1/status/1826630256008331301
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
U.S. Strategic BTC Reserve - The BITCOIN Act | Senator Cynthia Lummis
U.S. Senator Cynthia Lummis is a leading Bitcoin advocate in Congress who recently introduced her proposal, "the Bitcoin Act," which seeks to create a strategic Bitcoin reserve for the United States of America. In today's episode, we explore how the bill could address the $35 trillion debt, the conversion of gold certificates to Bitcoin, and its economic implications.
------
🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-cynthia-lummis-interview
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
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🗣️TOKU | CRYPTO EMPLOYMENT
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------
TIMESTAMPS
0:00 Intro
6:40 The Bitcoin Act
10:01 Gold to Digital Gold
15:01 U.S. Strategic Reserves
18:00 U.S. Discretion in Selling Forfeited Bitcoin
20:44 Is Bitcoin Ready for Federal Reserve Backing?
23:24 Bitcoin Adoption to Tackle U.S. Debt
28:17 Bitcoin's Potential Impact
33:15 Being First in Bitcoin Strategic Reserves
39:22 Pros vs. Cons of Bitcoin Strategic Reserves
49:08 Bipartisan Prospects and Democratic Silence
53:52 Conservative Support vs. Liberal Adoption
56:30 Trump vs. Harris on Crypto Legislation
------
RESOURCES
Senator Cynthia Lummis
https://x.com/SenLummis
The Bitcoin Act
https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/
https://www.lummis.senate.gov/wp-content/uploads/BITCOIN-Act-FINAL.pdf
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Related Episodes
ROLLUP: 2nd Week of March (Beeple NFTs, EIP1559, Stimulus Checks, GBTC)
Download the crypto meta to your brain in this weekly show.
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------
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------
MARKETS
BTC Price: $55k
ETH Price: Low-Mid 1800s Mostly
TVL in DeFi: $41.2B
$DPI: ~$450
MEV Dashboard
https://explore.flashbots.net/
DeFi Undervalued? Coinbase vs. DeFi
https://twitter.com/StaniKulechov/status/1369314364944244737?s=20
Global Banking $6.2 Trillion, DeFi $85B
https://twitter.com/0x_Lucas/status/1369808216490602498?s=20
$3B valuation BlockFi:
https://twitter.com/BlockFiZac/status/1370012146503929856?s=20
DAOs With Treasury Reports
https://twitter.com/Matthew_Graham_/status/1367521656927838209?s=20
GBTC Trading 15% Below BTC Spot Prices
https://www.coindesk.com/grayscale-halts-new-investments-in-gbtc-after-trading-at-15-below-bitcoin
------
RELEASES
Send From Arbitrum to xDAI (Hop Protocol)
https://twitter.com/HopProtocol/status/1367914160483299332?s=20
Optimism Dai Bridge with Fast Withdrawals
https://forum.makerdao.com/t/announcing-the-optimism-dai-bridge-with-fast-withdrawals/6938
Superfluid
https://twitter.com/superfluid_hq/status/1369676939913486337?s=21
FEI Protocol
https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin
------
NEWS
$1.9T Covid Relief Bill and $1400 Stimulus Checks
https://www.nbcnews.com/politics/congress/senate-passes-1-9-trillion-covid-relief-bill-including-1-n1259795
Fed Says Reopening Could Cause Inflation
https://www.cnbc.com/2021/03/04/fed-chairman-powell-says-economic-reopening-could-cause-inflation-to-pick-up-temporarily.html
EIP1559 Approved for London Hard Fork
https://twitter.com/TimBeiko/status/1367858606889037824?s=20
EIP1559 - Front Page of Bloomberg
https://i.redd.it/hdgboaz8xml61.jpg
ETH Miners Protesting EIP-1559
https://cointelegraph.com/news/ethereum-miners-plot-hash-power-show-of-force-against-eip-1559
Meitu Buys $22M ETH, $17.9M BTC
https://twitter.com/TrustlessState/status/1368639534770966537?s=20
Beeple NFT $69M
https://www.telegraph.co.uk/technology/2021/03/11/digital-artwork-snapped-69m-record-sale
NFT Environmentalism
https://joanielemercier.com/the-problem-of-cryptoart/
SuperRare Response
https://medium.com/superrare/no-cryptoartists-arent-harming-the-planet-43182f72fc61
US Lawmakers Introduce Crypto Bill
https://www.coindesk.com/lawmakers-digital-asset-regulation
Wyoming DAO Bill
https://twitter.com/awrigh01/status/1369328856260354051?s=20
NBA Top Shot Freezes Funds
https://defited.medium.com/my-centralized-experience-dapper-3d3e3a99cbd7
New Grayscale Job Postings - ETF?
https://twitter.com/coindesk/status/1369451478428090369?s=21
JPMorgan Crypto Proxy Basket
https://www.coindesk.com/jpmorgan-to-launch-cryptocurrency-exposure-basket-of-bitcoin-proxy-stocks
Logan Paul Sponsored Tweet Paid in SFI
https://twitter.com/Buhlaque/status/1369149498098860041?s=20
-----
TAKES
Everything is Broken
https://www.zerohedge.com/markets/mauldin-everything-broken
Reinvesting in Crypto
https://twitter.com/ryansadams/status/1368944228382965765?s=21
Steinworld’s Ethspansion from Genesis
https://twitter.com/takenstheorem/status/1351409209305305090?s=20
Today Show Laughing About NFTs
https://twitter.com/econoar/status/1369344244880527361?s=20
-----
MEME
L2 vs ETH Killers
https://www.instagram.com/p/CMLVE2YAQQ2/
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
ROLLUP: Steph Curry & Tom Brady FTX | Crypto Regulation & SEC | Solana & Arbitrum
2nd Week of September, 2021
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👻 AAVE | LEND & BORROW ASSETS
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🦄 UNISWAP | DECENTRALIZED FUNDING
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------
📣 SoRare | Collect and Play!
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------
Topics Covered:
0:00 Intro
2:43 MARKETS
2:53 BTC Price
3:30 ETH Price
3:53 ETH/BTC Ratio
4:17 Flash-Crash Liquidations
https://twitter.com/lawmaster/status/1435261928335712256
8:48 DeFi Action
11:11 BED Index
https://www.indexcoop.com/bed
UMA: https://twitter.com/Crypto_Texan/status/1435648928117051395?s=20
12:18 Layer 2
Crossed $1B: https://twitter.com/sassal0x/status/1434767992781344770
L2 Fees: https://l2fees.info/
Uni Optimism: https://twitter.com/sassal0x/status/1433283225183395840
16:58 EIP 1559
Watch the Burn: https://watchtheburn.com/
96 ETH Block: https://etherscan.io/block/13180434
Deflationary Day: https://twitter.com/DocumentEther/status/1434063085229150216?s=20
22:45 ETH Killers
Solana: https://www.coingecko.com/en/coins/solana
Trading Multiples: https://twitter.com/tokenterminal/status/1435851178265485312?s=20
L1 Season: https://messari.io/screener/smart-contract-platforms-DC75E6E0
32:00 RELEASES
33:00 Merit Circle Correction
https://twitter.com/RyanSAdams/status/1435238163195342857?s=20
37:55 dYdX Governance Token
https://twitter.com/AntonioMJuliano/status/1435412508555169796?s=20
39:35 Ultimate DAO Report
https://twitter.com/BanklessHQ/status/1435733988325281793?s=20
41:03 Rocketpool Mainnet
https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-4-2635c44e4f7e
43:04 HopProtocol Integrations
https://twitter.com/HopProtocol/status/1435304869712248832
44:01 Argent Teasing L2
https://twitter.com/argentHQ/status/1435637539956736001?s=20
45:53 Hyppe
https://twitter.com/hyypeHQ/status/1433101142406451202?s=20
48:10 Tokenizing MEV
https://multicoin.capital/2021/09/08/tokenizing-mev/
Robert Miller: https://twitter.com/bertcmiller/status/1435686477359419395?s=20
52:12 Bankless Jobs
https://jobs.banklesshq.com/
52:55 NEWS
53:07 Probing Uniswap
https://twitter.com/DeItaone/status/1433746723554435074?s=20
55:18 Coinbase & SEC
https://twitter.com/brian_armstrong/status/1435439291715358721
1:02:35 SEC wants Names
https://twitter.com/NeerajKA/status/1435574854040924164?s=20
1:06:05 Regulation Takes
Jake: https://twitter.com/jchervinsky/status/1435691779970506752?s=20
Adam: https://twitter.com/adamscochran/status/1435458298698993665?s=20
ChainLinkGod: https://twitter.com/ChainLinkGod/status/1435452080068567040?s=20
Mark Cuban: https://twitter.com/mcuban/status/1435454959441620995?s=20
Jerry Brito: https://twitter.com/jerrybrito/status/1435557430910459906?s=20
Ryan: https://twitter.com/RyanSAdams/status/1435586734046302214?s=20
Eric: https://twitter.com/econoar/status/1435445187682005000?s=20
1:13:45 Brian Quintenz a16z
https://www.coindesk.com/policy/2021/09/09/former-crypto-friendly-regulator-quintenz-joins-vc-firm-a16z/
1:14:33 Panama
https://twitter.com/gabrielsilva8_7/status/1435015640226615299
1:15:54 Quick Takes
1:19:30 NFT News
Polygon: https://twitter.com/MihailoBjelic/status/1435958909651537922?s=20
Immutable: https://twitter.com/Immutable/status/1433703349061242882
Christies: https://twitter.com/ChristiesInc/status/1435346651217108996?s=20
Polymarket: https://twitter.com/PolymarketHQ/status/1435631367598088201
Vitalik: https://twitter.com/VitalikButerin/status/1435413681588736007?s=20
Loot: https://twitter.com/dhof/status/1435673868920836097?s=20
1:24:09 Bitcoin News
El Salvador: https://cointelegraph.com/news/el-salvador-purchases-first-200-btc-president-bukele-confirms
Adoption: https://twitter.com/kerooke/status/1435670696248725508?s=20
1:27:00 TAKES
1:27:30 Web3d
https://twitter.com/jackbutcher/status/1435232382257405958?s=21
1:29:15 Consent of the Governed
https://twitter.com/balajis/status/1435670359492071424?s=20
1:30:05 The Shadow Bank
https://twitter.com/sassal0x/status/1434549938466136065?s=20
1:31:38 Celebrities
1:33:45 What David’s Excited About
1:34:54 What Ryan’s Excited About
https://www.reddit.com/r/ethfinance/comments/pk57n7/why_rollups_data_shards_are_the_only_sustainable/
1:39:00 Meme of the Week
https://twitter.com/sassal0x/status/1435596609618735110?s=20
1:40:00 Closing & Disclaimers
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
ROLLUP: 2nd Week of May, 2021 Vitalik Rugs For Charity | Elon & Bitcoin | Balancer V2
Download the crypto meta to your brain in this weekly show. Rug Week.
2nd Week of May, 2021
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🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge
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BANKLESS SPONSOR TOOLS:
💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini
🦊 METAMASK | DEFI PASSPORT
https://bankless.cc/metamask
🦄 UNISWAP | DECENTRALIZED FUNDING
http://bankless.cc/uniswap
🔀 KWENTA | EXCHANGE SYNTHETIC ASSETS
https://bankless.cc/kwenta
------
📣REGISTER FOR COINDESK CONSENSUS 2021 AND SAVE $20 W/ BANKLESS
http://bankless.cc/consensus2021
------
Topics Covered:
0:00 Intro
3:18 MARKETS
3:30 BTC Price
5:13 ETH Price
9:02 ETH/BTC Ratio
https://ratiogang.com/
12:17 DeFi Action
15:45 Garbage Szn
https://twitter.com/lawmaster/status/1391979415547035650?s=20
20:00 ETH Market Cap
https://twitter.com/documentether/status/1392355955816353793?s=21
21:00 ETH Fees
https://twitter.com/LucasOutumuro/status/1392152205323603970?s=20
22:11 Justin Drake Analysis
https://twitter.com/drakefjustin/status/1391998216044953601?s=20
https://docs.google.com/spreadsheets/d/1U9cGxGY3_t7m4MEIpjKWtRcA2zRajywaxMCZYqbF9eI/edit#gid=0
29:30 RELEASES
30:40 Dfinity Internet Computer
https://www.theblockcrypto.com/linked/104146/dfinity-launches-internet-computer
35:45 Balancer V2
https://medium.com/balancer-protocol/the-most-flexible-and-efficient-amm-is-live-meet-balancer-v2-2451a22779b3
37:48 Arbitrum Mainnet for Devs
https://twitter.com/arbitrum/status/1392568807995097089
40:37 BTCx2 FLI Index Coop
https://medium.com/indexcoop/introducing-the-btc-2x-flexible-leverage-index-38688749b1ab
43:10 NEWS
43:30 Elon Rug Pull
https://twitter.com/elonmusk
45:56 Vitalik Rugs for Charity
https://twitter.com/hudsonjameson/status/1392554160952905728?s=21
50:50 Vitalik: UNI should be Oracle Token
https://twitter.com/BanklessHQ/status/1392313805955162113?s=20
55:40 VanEck files for ETH ETF
https://twitter.com/EricBalchunas/status/1390738518536769543?s=20
56:20 $1B in Volume
https://twitter.com/ukolodny/status/1390601561173381125
https://twitter.com/kwenta_io/status/1390038926006624257
57:16 Sushi swipes UNI url
https://twitter.com/TheBlock__/status/1391950806857965574?s=20
58:50 Yearn drops WOOFY
https://cointelegraph.com/news/yearn-finance-surges-45-as-it-joins-dog-pack-with-woofy
1:03:04 CryptoPunks Christie’s Auction
https://decrypt.co/70609/cryptopunks-christies-sale
1:06:03 Taproot Activation
https://www.coindesk.com/bitcoin-taproot-activation-begun-miners-3-months-onboard
1:08:39 GBTC 20% discount
https://www.theblockcrypto.com/linked/104801/gbtc-record-low-over-20-discount
1:10:08 Tom Brady Laser Eyes
https://twitter.com/TomBrady?s=20
1:10:30 Binance IRS & DOJ
https://www.theblockcrypto.com/linked/104836/binance-crypto-irs-us-government-investigation-report
1:16:20 TAKES
1:18:20 Everyone gets a private key!
https://twitter.com/BrantlyMillegan/status/1389270115884097536
1:22:37 No fees, no validators
https://twitter.com/wongisrite/status/1391924914567876609?s=20
1:27:27 Ethereum Distributing Wealth
https://twitter.com/santiagoroel/status/1392325085407563784?s=21
1:31:50 Fed’s Playing with Fire
https://www.wsj.com/articles/the-fed-is-playing-with-fire-11620684980
1:33:48 Ultra Sound Community
https://twitter.com/ultrasoundmoney/status/1391746346076540932?s=20
1:35:28 MEME of the Week
https://www.reddit.com/r/ethtrader/comments/nb7tgh/its_done_boiz/
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
ROLLUP: EIP-1559 | Infrastructure Bill | CryptoPunks & NFTs | Bitcoin ETF | DyDx Token (August 6th)
1st Week of August 2021
------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
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BANKLESS SPONSOR TOOLS:
💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini
🔀 BALANCER | EXCHANGE & POOL ASSETS
https://bankless.cc/balancer
👻 AAVE | LEND & BORROW ASSETS
https://bankless.cc/aave
🦄 UNISWAP | DECENTRALIZED FUNDING
http://bankless.cc/uniswap
------
📣 PoolTogether | Break up with your Lottery!
https://bankless.cc/PoolTogether
------
Topics Covered:
0:00 Intro
1:56 MARKETS
2:08 BTC Price
2:27 ETH Price
3:28 ETH/BTC Ratio
4:24 DeFi Action
6:27 EIP 1559
https://ultrasound.money/
11:44 Ultra Sound Block
https://twitter.com/AlexanderFisher/status/1423277318773088257
13:14 1559 Wallets
https://metamask.io/1559.html
15:26 Going Mainstream
https://twitter.com/TrustlessState/status/1423293814312108039?s=20
16:05 Uniswap Burning
https://twitter.com/haydenzadams/status/1423292792617402371?s=21
19:09 221M Crypto Users
https://twitter.com/RyanSAdams/status/1421108123016830982?s=20
21:16 OpenSea Volume
https://twitter.com/dfinzer/status/1422016457290956800?s=21
22:29 DeFi Addresses
https://decrypt.co/77593/ethereum-addresses-using-defi-rose-65-last-quarter
24:45 RELEASES
25:13 Starkware & SoRare
https://medium.com/sorare/were-live-on-our-scaling-solution-starkware-62438abee9a8
25:54 Thales
https://thalesmarket.medium.com/the-day-has-come-thales-dapp-launches-on-ethereum-mainnet-366b98ed0c71
26:21 DyDx Token
https://newsletter.banklesshq.com/p/-alpha-alert-dydx-retroactive-drop
Sad Meme: https://twitter.com/monetsupply/status/1422745261986631682?s=21
29:10 Bitwise UNI & Aave Funds
https://www.bitwiseinvestments.com/resources/press-releases/bitwise-asset-management-expands-defi-suite-with-launch-of-the-worlds-first-uniswap-and-aave-funds
29:58 Argent Layer 2 Waitlist
https://twitter.com/argentHQ/status/1422262937423597571
31:09 Rocket Pool Testnet
https://medium.com/rocket-pool/rocket-pool-prater-testnet-guides-2428ecdc565e
31:32 ETH Modeler
https://www.ethmodel.io/
32:12 Diversifi Polygon Bridge
https://twitter.com/deversifi/status/1422596299216543746
32:46 RAISES
Messari: https://twitter.com/DelRayMan/status/1423284038811492372?s=19
Point72: https://markets.businessinsider.com/news/currencies/steve-cohen-point72-hire-boss-head-digital-asset-crypto-jobs-2021-7
Sense Finance: https://medium.com/sensefinance/sense-finance-raises-5-2m-to-add-a-new-dimension-to-defi-bbccb508d271
Krystal: https://www.theblockcrypto.com/post/113483/defi-platform-krystal-crypto-seed-funding
34:51 Jobs
https://bankless.cc/jobs
35:27 NEWS
35:37 Trustless ETH Staking
https://blog.lido.fi/the-road-to-trustless-ethereum-staking/
38:05 Zcash Proof of Stake?
https://twitter.com/zooko/status/1422575010221199361?s=20
39:53 Punk Pump
https://decrypt.co/77392/cryptopunk-prices-rise-53-in-week-after-ethereum-whales-feeding-frenzy
43:28 Polygon & Knicks
https://twitter.com/mihailobjelic/status/1421535583856439298?s=21
43:57 Treeverse
https://twitter.com/TheTreeverse/status/1423047756667629578
43:30 Infrastructure Bill
https://twitter.com/jchervinsky/status/1421150344051048451
Amendment: https://twitter.com/jerrybrito/status/1422974253876580355?s=20
Do your part: https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/
Bailout: https://twitter.com/RyanSAdams/status/1423097584034402308?s=20
55:00 Gary Gensler Speech
https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03#_ftn10
Nic Carter: https://twitter.com/nic__carter/status/1422602420119556098?s=20
Positives: https://twitter.com/prestonjbyrne/status/1422602012060004356?s=20
ETF: https://www.bloomberg.com/news/articles/2021-08-03/sec-s-gensler-signals-pathway-for-a-bitcoin-etf-with-tough-rules
1:04:09 China Pressure
https://shows.banklesshq.com/p/-early-access-chinas-digital-currency
1:07:30 Drive-By’s
Wealthfront: https://www.thestreet.com/crypto/news/wealthfront-adds-grayscales-bitcoin-and-ethereum-trusts-for-clients
Spagni: https://cointelegraph.com/news/monero-s-former-maintainer-arrested-in-u-s-for-allegations-unrelated-to-cryptocurrency
1:09:00 TAKES
1:11:00 Maxi’s Coping
https://twitter.com/econoar/status/1423143520781553668?s=20
1:15:00 Talking Crypto Daily
https://twitter.com/jdorman81/status/1418253693829357572?s=20
1:15:56 Binance Squeeze Bullish DeFi
https://twitter.com/iamjosephyoung/status/1421058386704035840
1:16:54 America’s Biggest Export
https://twitter.com/RealNatashaChe/status/1422270993498705921
1:18:33 EIP-1559 Ju-jitsu
https://twitter.com/RyanSAdams/status/1422920975600037888?s=20
1:21:22 Success is a Muscle
https://twitter.com/hasufl/status/1423295802705735686?s=20
1:22:48 What David’s Excited About
1:24:49 What Ryan’s Excited About
1:27:28 The Merge
1:28:28 Meme of the Week
1:30:25 Closing & Disclaimers
ROLLUP: Ethereum Burning | Penguin & Axie NFTs | Poly Network Hack | Infrastructure Bill (August 13)
2nd Week of August 2021
------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------
BANKLESS SPONSOR TOOLS:
💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini
🔀 BALANCER | EXCHANGE & POOL ASSETS
https://bankless.cc/balancer
👻 AAVE | LEND & BORROW ASSETS
https://bankless.cc/aave
🦄 UNISWAP | DECENTRALIZED FUNDING
http://bankless.cc/uniswap
------
📣 PoolTogether | Break up with your Lottery!
https://bankless.cc/PoolTogether
------
Topics Covered:
0:00 Intro
1:30 MARKETS
2:05 BTC Price
3:04 ETH Price
7:10 ETH/BTC Ratio
9:55 ETH’s Q2
https://www.businesswire.com/news/home/20210804005657/en/Genesis-Q2-Report-Shows-Decreasing-Bitcoin-Dominance-and-Hedge-Funds-Diving-Into-DeFi
13:12 ETH Volume
https://twitter.com/geenty/status/1425198900068110338?s=21
14:50 Institutional Demand
https://twitter.com/fintechfrank/status/1425586708305829891
15:57 DeFi Action
20:10 Layer 2 Beat
https://l2beat.com/
23:21 EIP-1559
Burned: https://www.etherchain.org/burn
Bankless-Inspired Dashboard: https://twitter.com/MSilb7/status/1423314663052218373?s=20
29:54 Axie $1B Volume
https://twitter.com/Psycheout86/status/1423719170315800581?s=20
31:38 Coinbase’s Impressive Quarter
https://twitter.com/CNBCClosingBell/status/1425186855641829381?s=20
33:00 RELEASES
35:00 Arbitrum in August
https://twitter.com/arbitrum/status/1423709666203344899?s=21
38:26 Rarible Protocol
https://twitter.com/rariblecom/status/1425840333854711809?s=20
39:17 Gearbox Leverage
https://medium.com/gearbox-protocol/hello-world-this-is-gearbox-generalized-leverage-protocol-cbec5f34bb98
41:37 Raises
Helium: https://twitter.com/TheBlock__/status/1425255811731894278?s=20
Dune Analytics: https://twitter.com/DuneAnalytics/status/1425821738626019330?s=20
Liquality Wallet: https://twitter.com/TheBlock__/status/1425200897475465220
TaxBit: https://twitter.com/CoinDesk/status/1425825002104922116?s=20
46:34 Jobs
https://jobs.banklesshq.com/
47:00 NEWS
47:16 Poly Network Hack
https://twitter.com/polynetwork2/status/1425073987164381196?s=21
Returned: https://www.theblockcrypto.com/linked/114390/poly-network-hacker-returns-nearly-all-of-the-611-million-in-stolen-funds
51:50 Multichain Aave
https://cryptobriefing.com/aave-is-exploring-solana-avalanche-layer-2-expansion/
53:30 Uniswap $1B in Fees
https://twitter.com/lucasoutumuro/status/1425172167998779398?s=21
54:20 Gemini Acquires Guesser
https://twitter.com/Gemini/status/1425085144436813833?s=20
55:40 Penguins in NY Times
https://www.nytimes.com/2021/08/12/technology/penguin-nft-club.html
58:41 FTX Sponsoring Axie Players
https://twitter.com/CoinDesk/status/1423274509008875520
59:06 DraftKings NFT w/ Tom Brady
https://www.theblockcrypto.com/linked/114064/draftkings-launches-nft-marketplace-with-first-drop-featuring-tom-brady
1:00:29 North American BTC Miners
https://www.theblockcrypto.com/post/113861/american-public-bitcoin-miner-btc-july-china
1:01:25 Infrastructure Bill
Senate: https://www.cnbc.com/2021/08/11/crypto-lawmakers-fought-over-the-infrastructure-bill-heres-whats-next.html
Alabama: https://twitter.com/jchervinsky/status/1423519533990617091?s=21
Treasury: https://www.washingtonpost.com/politics/2021/08/06/crypto-bitcoin-infrastructure-senate/
Jake’s Take: https://twitter.com/jchervinsky/status/1423519533990617091?s=21
1:08:11 Brian Brooks Leaves Binance
https://twitter.com/coindesk/status/1423730217357660160?s=21
1:09:37 Circle Becoming a Bank?
https://twitter.com/circlepay/status/1424717848400863245?s=21
1:11:00 Happy Yamiversary
https://twitter.com/brockjelmore/status/1425307479806824452?s=21
1:13:00 TAKES
1:14:30 Coordinate, Don’t Overreact
https://twitter.com/econoar/status/1423483356583370752?s=20
1:16:04 Su Zhu on jpegs
https://twitter.com/zhusu/status/1423833467406585860?s=21
1:17:47 David on jpegs
https://twitter.com/trustlessstate/status/1424119278085697536?s=21
1:19:05 Eric on jpegs
https://twitter.com/econoar/status/1424506591080976391?s=21
1:20:03 Andrew Yang
https://twitter.com/AndrewYang/status/1425193106950041600?s=20
1:21:26 What Anthony’s Excited About
1:22:38 What David’s Excited About
1:24:25 MEME of the Week
https://twitter.com/BanklessHQ/status/1423503086459359235?s=20
Meme 2: https://twitter.com/TrustlessState/status/1423386503766437888?s=20
1:29:16 Closing & Disclaimers
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures