hardware wallets

Bankless Weekly Rollup
3rd Week of May 2023 

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🚀 AIRDROP ALPHA 🚀
https://bankless.cc/Alpha 

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🚀 Consensys Diligence Fuzzing
https://bankless.cc/diligence-fuzzing-pod 

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BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2   

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask  

👾STADER LABS | ETHX LIQUID STAKING
https://bankless.cc/Stader 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku  

🎮IMMUTABLE | GAMING ECOSYSTEM
https://bankless.cc/Immutable  

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

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Topics Covered

0:00 Intro

2:55 MARKETS
5:00 ETH Staking Update
https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators 
Monitor: https://validator-queue-monitoring.vercel.app/ 
7:00 Macro Market Trends
https://www.cnbc.com/2023/05/15/paul-tudor-jones-says-the-fed-is-done-raising-rates-stocks-to-finish-the-year-higher-from-here.html 
11:20 Liquidity Drying Up
https://twitter.com/ramahluwalia/status/1657924211770380290  
https://www.youtube.com/watch?v=qbr8965IYfo&t=3830s 
13:30 The Bore Market
https://twitter.com/sassal0x/status/1656857007385894912 
14:50 The Promise of Crypto
https://twitter.com/RyanSAdams/status/1659177889428914177 
16:30 Layer Two Activity
https://l2beat.com/scaling/tvl 

21:30 What Happened to Ethereum?
https://twitter.com/0x_Osprey/status/1659019122548830209 
24:40 Client Diversity
https://clientdiversity.org/#why 
27:15 Not a Monolith
https://twitter.com/TrustlessState/status/1657316158729494528 
29:30 Block Reorgs
https://www.youtube.com/watch?v=QkMjcqVEARc 

33:15 Is Ledger Safe?
https://www.ledger.com/recover 
36:30 Ledger Comms
https://twitter.com/Ledger_Support/status/1658892462440456192 
40:10 Canceling Ledger
https://twitter.com/oklahodl1/status/1658580508320620546 
https://twitter.com/0xfoobar/status/1658460603831263232 
https://twitter.com/Mudit__Gupta/status/1658368265687556097 
https://twitter.com/hosseeb/status/1658740433361702913 
43:25 Did They Do Anything Wrong?
https://twitter.com/0xfoobar/status/1658965272416452609 
49:00 Redundancy
https://twitter.com/TrustlessState/status/1658788949165322242 

51:00 Coinbase vs the SEC
https://twitter.com/MetaLawMan/status/1656737447756038177 
53:30 Gary Speaks
https://twitter.com/ROCKilroy/status/1658206561125146630?s=20 
55:00 Summary
https://twitter.com/milesjennings/status/1658515975170555904 

58:00 Nike Dot Swoosh
https://www.swoosh.nike/location 
1:01:10 Optimism Bedrock
https://twitter.com/optimismFND/status/1658202279147601921 
Polynya: https://twitter.com/apolynya/status/1658312190577836032 
1:04:05 Worldcoin OP
https://worldcoin.org/blog/announcements/worldcoin-commits-optimism-superchain-vision-ahead-mainnet-launch 
1:04:55 Lido v2
https://twitter.com/LidoFinance/status/1658195242149879824 
1:05:20 PayPal MetaMask 
https://metamask.io/news/latest/metamask-and-paypal-all-you-need-to-know-about-buying-eth/ 
1:06:30 On-Chain Cease & Desist
https://twitter.com/zachxbt/status/1659078481228058624 
1:08:00 DRC-20s on Dogecoin
https://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#3m
Doge Maxis: https://twitter.com/938433911/status/1657961759322562560 
1:09:45 EU MiCA Just Passed
https://www.consilium.europa.eu/en/press/press-releases/2023/05/16/digital-finance-council-adopts-new-rules-on-markets-in-crypto-assets-mica/ 
1:11:00 Do Kwon Bail
https://www.theblock.co/post/230575/do-kwon-bail 
1:12:15 Sam Altman Congress
https://twitter.com/BanklessHQ/status/1658498249727307776 

1:19:00 Questions from the Nation

1:25:00 David’s Shirt
https://twitter.com/TrustlessState/status/1659182411467350016 
1:26:40 Abandoning Wallets
https://twitter.com/0xDesigner/status/1658851890803744768 

1:28:00 What David’s Bullish On
https://imgur.com/vlEaQMG 
1:29:25 Permissionless Spaces

1:30:15 What Ryan’s Bullish On
https://twitter.com/RyanSAdams/status/1658660759352614914 
https://twitter.com/MetaVsGaming/status/1658687862269771777 

1:36:40 MEME of the Week
https://twitter.com/MinisterOfNFTs/status/1657793552808656900 
https://twitter.com/balajis/status/1657879440146444288 

1:37:15 Moment of Zen
https://twitter.com/linusekenstam/status/1657083568231702528 

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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://www.bankless.com/disclosures 

Ledger has been the center of attention since the announcement of their new “Recover” feature which has brought into question how secure our Ledger devices actually are. 

Charles joins us to walk through how exactly this recover feature functions, breaking down how a Ledger actually functions, and possible paths moving forward.

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📣 CONSENSYS | DILIGENCE FUZZING
https://bankless.cc/diligence-fuzzing-pod 

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🚀 Airdrop Alpha is waiting for you on Bankless.com 
https://bankless.cc/Alpha  

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BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2  

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask 

👾STADER LABS | ETHX LIQUID STAKING
https://bankless.cc/Stader 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku 

🎮IMMUTABLE | GAMING ECOSYSTEM
https://bankless.cc/Immutable 

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

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Topics Covered

0:00 Intro
6:21 Ledger's Recover Service Overview
18:40 Is Ledger Recover Forced or Opt-In?
23:07 Dissecting a Ledger Device
29:41 Can Firmware Reveal Private Keys?
36:54 A Social Contract With Ledger
42:31 Assurance Of No Back Door
51:16 2-Part Firmware Solution?
57:42 Will Ledger Forget About Us?
1:02:46 Closing and Disclaimers

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Resources:

Charles 
https://twitter.com/P3b7_ 

Ledger
https://twitter.com/ledger 

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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://www.bankless.com/disclosures 

IN THIS EPISODE, YOU’LL LEARN: 01:34 - Why Entropy Dice are important for creating ultra-secure private keys. 10:19 - When NVK came into the Bitcoin space and how he started his company. 21:53 - The Block Clock incident with Jack Dorsey. 26:21 - What is the Satscard? 31:07 - How can the Bitcoin network be hardened. 41:17 - How has Bitcoin impacted the current situation in Canada with the trucker protests? 58:15 - Will Smart contracts get more traction on top of Bitcoin in the future? 1:01:25 - What will UX look like with major cell phone companies entering the space? 1:06:10 - Does he have security concerns of components being manufactured upstream of hardware wallet integration? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. NVK's Twitter. NVK's Company ColdCard. New to the show? Check out our We Study Billionaires Starter Packs. Are you a looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners. Browse through all our episodes (complete with transcripts) here. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

4th Week of June 2021.

Anthony on Twitter:
https://twitter.com/sassal0x?s=20 

Daily Gwei:
https://thedailygwei.substack.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 

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📣 Ledger | Securely Exchange with Paraswap https://bankless.cc/LedgerYT2 
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Topics Covered:

0:00 Intro

2:20 MARKETS
2:38 BTC Price
4:54 ETH Price
6:36 ETH/BTC Ratio
7:50 DeFi Action
12:06 Layer 2 Beat
https://l2beat.com/ 
16:13 100k ETH Staked in a Day
https://cryptopotato.com/over-100k-eth-200-million-staked-in-ethereum-2-0-in-a-single-day/ 
19:41 a16z $2.2B Fund
https://twitter.com/TheBlock__/status/1408032726716928015?s=20 
22:16 Yearn vs. Competition
https://twitter.com/bantg/status/1407407535620083712?s=20 
26:43 Alpha Homora Fees
https://twitter.com/alphafinancelab/status/1407998167975563272?s=21 
30:58 Borrowing on Aave
https://twitter.com/tokenterminal/status/1408012619840110592?s=21 
31:51 Cathie Wood bought the Dip
https://news.bitcoin.com/cathie-wood-bought-the-dip-ark-invest-purchases-one-million-gbtc-shares/ 

35:00 RELEASES
35:45 Futureswap V3 on Arbitrum
https://twitter.com/futureswapx/status/1405952663318011904?s=20 
39:30 Graph Supporting Optimism
https://twitter.com/graphprotocol/status/1405929132932878339?s=20 
41:39 Risk Harbor $3.2m Raise
https://medium.com/riskharbor/risk-harbor-debuts-on-mainnet-with-a-new-round-of-funding-b18064dbd5dc 
44:14 Yield Protocol Series A
https://twitter.com/yield/status/1407701683954765827?s=20 
45:06 Visa, PayPal, Blockchain Capital
https://www.coindesk.com/visa-paypal-join-crypto-vc-blockchain-capitals-new-300m-fund 
47:10 Aave News
https://twitter.com/AaveGrants/status/1407042749627617287?s=20 
48:25 Brave Search Engine
https://www.cnet.com/google-amp/news/google-gets-a-new-rival-as-brave-search-opens-to-the-public/?__twitter_impression=true&s=09&utm_source=reddit.com 
50:37 Coinbase in Japan 
https://www.coindesk.com/coinbase-enters-japanese-market-after-completing-registration-with-financial-watchdog 
51:45 TOP SIGNAL
https://twitter.com/BanklessHQ/status/1407446381103489030?s=20 

53:00 NEWS
53:10 EIP-1559 Live on Ropsen
http://watchtheburn.com/ 
55:13 Venmo Digs ETH
https://twitter.com/ryansadams/status/1405955767379824645?s=21 
56:30 Stakehound $75m Disaster
https://www.theblockcrypto.com/post/109277/staking-company-serves-fireblocks-with-a-lawsuit-over-private-keys-to-over-75-million-in-eth 
59:48 Alchemix Return ETH
https://app.alchemix.fi/returneth 
1:03:02 Reddit ‘Snoo’ NFTs
https://www.theblockcrypto.com/post/109450/reddit-nfts-cryptosnoos-ethereum-opensea 
1:04:39 Bitcoin Miners in China
Nic Carter: https://www.coindesk.com/bitcoin-unpacking-hashrate-nic-cart-migration 
Good or Bad? https://www.coindesk.com/3-reasons-why-chinas-bitcoin-crackdown-isnt-all-that-bad 
1:07:51 Microstrategy 100k BTC
https://dailyhodl.com/2021/06/23/michael-saylors-microstrategy-now-owns-over-100000-btc-with-new-purchase/ 
1:10:19 NYC Mayoral Lead Likes BTC
https://www.theblockcrypto.com/linked/109475/new-york-city-center-of-bitcoins-eric-adams-mayoral-lead 
1:10:44 RIP John McAfee
https://www.euroweeklynews.com/2021/06/23/breaking-news-antivirus-creator-john-mcafee-found-dead-in-catalan-prison-cell/ 
1:12:35 News Bites
Goldman & JPM Repo
https://www.bloomberg.com/news/articles/2021-06-22/goldman-sachs-begins-trading-on-jpmorgan-repo-blockchain-network?sref=VB9Y24MI 
Fed Boston & MIT
https://www.bostonfed.org/news-and-events/press-releases/2020/the-federal-reserve-bank-of-boston-announces-collaboration-with-mit-to-research-digital-currency.aspx 
49% of Institutional Investors
https://news.bitcoin.com/jpmorgan-survey-institutional-investors-cryptocurrency-rat-poison-warren-buffett-fad/ 
South African Ponzi
https://fortune.com/2021/06/24/bitcoin-ameer-raees-cajee-theft-south-africa/ 
MLB and FTX
https://www.mlb.com/news/mlb-ftx-cryptocurrency-exchange-partnership 

1:15:45 TAKES
1:17:00 Migrating Hacks to BSC
https://twitter.com/hosseeb/status/1405637755141431297?s=19 
1:19:38 DAO Efficiency
https://twitter.com/g_dip/status/1406086186850992128?s=21 
1:21:35 Make Money with Friends
https://twitter.com/markbeylin/status/1407411367603326981?s=21 
1:23:10 Who will you Trust?
https://twitter.com/gregisenberg/status/1405722055073542150?s=20 
1:24:24 Bat Speaker Emojis
https://twitter.com/search?q=%F0%9F%A6%87%F0%9F%94%8A&src=typed_query&f=user 

1:26:45 What Anthony’s Excited About
1:29:35 What David’s Excited About

1:30:30 MEME OF THE WEEK
https://twitter.com/biancoresearch/status/1408017039508246531?s=21 

1:31:37 The Daily Gwei

1:32:50 Closing & Disclaimers

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This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

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ROLLUP: 3rd Week of November!

(MARKET) What’s the Market saying? 

• BTC Price
• • BTC on Ethereum - 151,925 BTC on Ethereum, up ~1,500 BTC
  • Bitcoin as a system as reached ATH value (link)
  • BTC unique addresses spiking upwards (link)
  • 9 BTC metrics that are at ATHs (link)
• ETH Price
• • Almost 60k ETH in the deposit contract (link)
  • TVL in DeFi
  • Ethereum active addresses continually marching to ATHs (link)
  • ETH 1 cycle behind BTC (link)
  • ETH always does well in December, 5 out of 5 times (image)
  • Same BTC, ETH price as December 2017 (tweet)
• DPI Price -  $81 to $104
• 1 Billion DAI (DAI Stats)
• Grayscale $10.8B AUM (tweet)

(RELEASES) What got released?

• RocketPool Medalla Beta testnet concludes
• • Moving onto a new testnet that tests a RocketPool network with integrated tokenomics 
• Aave V2 on the Kovan testnet (link)
• YFI + BAL as collateral in Maker (tweet)
• YAM releases Umbrella product (link)
• Etherisc + Chainlink offers crop insurance on Kenyans (link)

(NEWS) What’s in the news?

• Rich man invests in Bitcoin (link)
• Coinbase crashing (link)
• Paypal gets to 85% of Binance US volume in first month (link)
• Netherlands exchanges must ask their customers to prove ownership their own their withdrawal addresses (tweet)
• Binance Blocking U.S. customers, giving them 90 days to withdraw assets (link)
• Binance suing two journalists in anti-defamation suit (link)
• Jay Clayton stepping down as SEC Chairman (link)
• Masie Williams tweets about Bitcoin (link)
• • Pay attention to signals like this, 
  • • Dec 2017, Lady Gaga had Cryptocurrency painted fingernails
    • That was the top

(TAKES) What’s on your mind?

 

• David

 

 

• Ryan

• What’s the best way to get exposure to DeFi? (link)

 

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Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

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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 we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.