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    ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

    enJune 07, 2024

    Podcast Summary

    • Bitcoin ETFs, Ethereum ETF rumorsBitcoin ETFs made a comeback and Ethereum ETF rumors gained momentum, contributing to a $2.77 trillion crypto market cap and impressive growth for layer twos like Arbitrum and Base

      The crypto market saw significant developments this week with the Bitcoin ETFs making a comeback and the Ethereum ETF rumors gaining momentum. The total crypto market cap reached $2.77 trillion, and layer twos, particularly Arbitrum and Base, continued to show impressive growth. Arbitrum even surpassed $20 billion in total value locked, leaving other layer twos in its wake. Additionally, Uniswap volume on Arbitrum doubled compared to the previous year, highlighting the potential of layer twos to attract more businesses and users. The veto of the sad bill by President Biden also kept the crypto community guessing about the future of Democratic support for crypto-related legislation. Overall, the crypto market showed signs of resilience and innovation, with healthy businesses being birthed on the value-added reselling of Ethereum block space.

    • Ethereum fees and TVLEthereum dominates fees on layer one and layer twos, with fees under a cent. TVL in DeFi protocols like Eigenlayer, EthereFi, and Pendle surpassed Uniswap, driven by high yields. Binance Coin reached an all-time high, making it the fourth-largest cryptocurrency, while rate cuts by central banks could impact the crypto market.

      Ethereum remains the leader in generating fees, both on its layer one and on layer twos like Optimistic Rollups and Zero-Knowledge Rollups. Fees on these layer twos are under a cent, making Ethereum an attractive option for transactions. Despite Ethereum's recent inflationary trend, the demand for layer two block space is increasing, leading to less demand for layer one block space. Another notable milestone is the surge in Total Value Locked (TVL) in decentralized finance (DeFi) protocols like Eigenlayer, EthereFi, and Pendle, which have surpassed Uniswap in TVL. This trend is driven by the high yields offered by these platforms, making them popular among investors. The Uniswap ecosystem is expected to see a resurgence in TVL due to emerging protocols like Sorela Labs, which aim to make it more profitable for liquidity providers. Additionally, the Binance Coin (BNB) token has reached an all-time high, making it the fourth-largest cryptocurrency by market capitalization, surpassing Solana. Central banks, including the Bank of Canada and the European Central Bank, have announced rate cuts, which could potentially impact the crypto market.

    • Central bank rate cuts, investor actionsCentral banks cutting rates may signal larger cycle, while individual investor actions like significant stock purchases can significantly impact prices, as seen with Nvidia and GameStop

      Central banks around the world are starting to lower interest rates, which could signal the beginning of a larger rate cut cycle and potentially a pivot from the Federal Reserve. Meanwhile, in the stock market, notable companies like Nvidia continue to perform well, with its CEO's recent signature causing a significant increase in the price of the stock. Additionally, Roaring Kitty, a prominent investor, has recently re-entered the market with a large position in GameStop, causing a surge in the stock price and renewed debate about market manipulation. In the world of cryptocurrency, demand for Ethereum ETFs is on the rise, and there are updates on the status of Bitcoin ETFs. Transporter, a token bridging app, offers a secure and simple way to move assets across different blockchains. These developments highlight the ongoing dynamics in various markets and the potential impact of central bank decisions and individual investor actions.

    • Cello growth, Layer 2 transitionMobile-first blockchain Cello is growing rapidly with real-world use cases and partnerships, planning to transition to Layer 2 solution Optimism's OP stack for lower gas fees and wider access to crypto transactions. Bitcoin ETF inflows boost price, Ethereum ETF approval imminent but may face regulatory delays.

      Cello, a mobile-first, EVM-compatible blockchain, is experiencing significant growth with real-world use cases and partnerships. Its community-governed protocol aims to leverage Optimism's OP stack, transitioning to a Layer 2 solution, which could lead to lower gas fees and more accessible crypto transactions. The Bitcoin ETF has also seen substantial inflows, contributing to its price surge, and the Ethereum ETF is anticipated to follow suit, with positive signs of imminent approval, although potential delays may occur due to regulatory considerations.

    • Crypto RegulationsRegulatory scrutiny and challenges are impacting the crypto markets, specifically DeFi projects and exchanges, due to lack of transparency and potential fraudulent activities. The SEC is pushing for proper disclosures and regulations to protect investors and prevent manipulation. Ethereum's price could be influenced by inflows and potential regulatory changes.

      The crypto markets, specifically decentralized finance (DeFi) projects and exchanges, are facing regulatory scrutiny and challenges due to lack of transparency and potential fraudulent activities. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), has expressed concerns over the need for proper disclosures and regulations to protect investors and prevent manipulation. Exchanges like FTX have been accused of trading against their customers, leading to bankruptcies and legal issues for some of the industry's leading figures. The demand for Ethereum-based ETFs is predicted to be lower than Bitcoin's due to differences in market conditions and regulatory frameworks. However, inflows into Ethereum could still significantly impact its price, potentially driving it to $5,294 by the end of 2024. VANX, a research firm, has a more optimistic long-term outlook, predicting Ethereum to reach $154,000 by 2030. Overall, the crypto market is experiencing regulatory uncertainty and potential growth, with Ethereum showing potential for significant price appreciation in the future.

    • Crypto Industry DevelopmentsDespite legislative setbacks and challenges, the crypto industry continues to grow, with new technologies, advocacy groups, and bullish market goals.

      The crypto industry is experiencing significant developments and legislative actions, with the veto of SAB 121 by President Biden being a notable setback. However, the industry continues to grow, with the Stand With Crypto advocacy group attracting over 1 million members and meme coins serving as accurate prediction markets for real-life events. The industry also sees advancements in technology, such as Vitalik's involvement in the celebrity coin wars and Starkware's expansion to Bitcoin with a ZK roll-up. Coinbase also introduced a new fancy wallet aiming to onboard billions. Despite the challenges, the crypto industry remains bullish, with a potential $20 trillion market cap and Ethereum reaching $154,000 being the long-term goal.

    • Web3 innovations and acquisitionsCartesi provides scalable solutions for developers to push Web3 boundaries while Robinhood's Bitstamp acquisition expands their crypto program, potentially reorganizing the financial system. Meme coins vs utility coins debate continues, with innovations like Coinbase's smart wallet onboarding next billion users.

      For developers looking to push the boundaries of what's possible in Web3, Cartesi offers powerful and scalable solutions with access to rich code libraries and open source tooling. Meanwhile, Robinhood's acquisition of Bitstamp marks a significant expansion of their crypto program, potentially doubling down on their vision of reorganizing the financial system with crypto. In the world of celebrity culture, the debate continues over the value of meme coins versus those with utility. Vitalik's critique of financialization as an end goal sparked a conversation, with Hayden Adams defending the importance of positive social change in the space. Amidst these discussions, builders continue to innovate, with Coinbase's introduction of a smart wallet aimed at onboarding the next billion users into crypto.

    • Password managers and Bitcoin securityPassword managers offer a secure alternative to traditional seed phrases for securing digital assets like Bitcoin, while Starkware's ZK roll-ups bring more expressive capabilities to Bitcoin, potentially leading to increased institutional adoption of crypto and tokenization.

      Password managers, including those offered by companies like Apple and Coinbase, are essential for securing digital assets, including cryptocurrencies, as they provide a more accessible and secure alternative to traditional seed phrases. Starkware's announcement of bringing ZK roll-ups to Bitcoin is a significant development, as it allows Bitcoin enthusiasts to build on their original love for the cryptocurrency while also leveraging the more expressive and powerful foundation of Ethereum. Additionally, the launch of a rival stock exchange by BlackRock and Citadel, which may operate on an Ethereum L2, could signal increased institutional adoption of crypto and tokenization. Overall, these developments represent exciting advancements in the crypto space and underscore the potential for greater accessibility, security, and decentralization in financial systems.

    • ETH ETF approval timelineDespite anticipation, there's skepticism about the ETH ETF approval timeline, with some predicting it may take longer. David is preparing a pitch against an ETF, while Ryan is ready to present Ether as an asset.

      The discussion revolved around the anticipation of an ETH ETF approval, with some skepticism expressed towards a potential timeline. David shared his view that it may take more time, while Ryan was ready to pitch Ether as an asset. They agreed to present their pitches the following week, but David requested more time to prepare. Mountain Protocol was introduced as a tokenized treasury that has raised $8 million and is seen as a potential alternative to stablecoins. The debate between the two hosts about their pitch and the stakes of their bet was also a part of the conversation. The meme of the week featured a meme of David poking the stick at the ETFs, predicting an approval by early July. It's important to note that investing in crypto, including ETH, carries risk and it may not be suitable for everyone.

    Recent Episodes from Bankless

    ROLLUP: ETH Beats SEC! | Trump Coin? | LayerZero Token | ETH ETF Trading Soon

    ROLLUP: ETH Beats SEC! | Trump Coin? | LayerZero Token | ETH ETF Trading Soon

    Bankless Friday Weekly Rollup 
    3rd Week of June 2024


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    Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction.


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    📣STAKEWISE | LIQUID SOLO STAKING
    https://bankless.cc/Pod_StakeWise   


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    BANKLESS SPONSOR TOOLS:


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


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


    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    ⚖️ARBITRUM | SCALING ETHEREUM
    ⁠https://bankless.cc/Arbitrum 


    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 


    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 


    ------
    TIMESTAMPS & RESOURCES


    0:00 Intro


    2:55 MARKET
    https://x.com/WhalePanda/status/1802958996392870368 
    https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows 
    https://x.com/CryptoDonAlt/status/1802743515941609572 
    https://www.tradingview.com/chart/?symbol=AMEX%3ASPY 
    https://x.com/saylor/status/1803763490928119950 


    9:35 ETH Price & ETH ETF Going Live 
    https://x.com/EricBalchunas/status/1801725292404261308 


    13:03 Total Crypto Market Cap


    13:46 L2Beat
    https://dune.com/hildobby/blobs 
    https://dune.com/sealaunch/dex-metrics-on-base?Select+Date+Granularity_ed0f38=week&Select+Timeframe_ed47bb=365 
    https://imgur.com/YuXZfAv 
    https://x.com/WazzCrypto/status/1803858912166449480 
    https://twitter.com/wbnns/status/1803217959479025857 
     
    18:40 Combo ETH + BTC ETF
    https://x.com/NateGeraci/status/1803080047303036971 
    https://x.com/Matt_Hougan/status/1803767324605886515 
    https://x.com/matthew_sigel/status/1801342560977190937 
    https://youtu.be/T2Ur8Dhc3uQ?si=Obqn5eY89sEUEdwi 
    https://youtu.be/KUMGYEKIiGw?si=fS4pae1N_rr1f0C0  


    21:35 AIRDROP Season in full swing
    Bankless Claimables and AIrdrop Hunter
    https://www.bankless.com/claimables/reveal 
    https://x.com/LayerZero_Fndn/status/1803744985029788042 
    https://www.coingecko.com/en/coins/layerzero 
    https://x.com/LayerZero_Fndn/status/1803742303204323494 
    https://layerzero.foundation/claim 
    https://www.theblock.co/post/300389/zksync-live-mcap-airdrop 
    https://www.coingecko.com/en/coins/zksync 
    https://x.com/TheZKNation/status/1802626483770265991 
    https://x.com/TheZKNation/status/1801378349442269345 
    https://docs.zknation.io/zk-token/zk-token-faq 
    https://x.com/nansen_ai/status/1803003153820082270  
    https://x.com/cobie/status/1803071393484939602 


    31:58 MOTHER + DADDY Update 
    https://www.coingecko.com/en/coins/mother-iggy 
    https://x.com/IGGYAZALEA 
    https://x.com/jimcramer/status/1800893795346637193 
    https://www.coingecko.com/en/coins/daddy-tate 


    37:21 What’s going on with $DJT? 
    https://www.coingecko.com/en/coins/trumpcoin-2 
    https://x.com/PirateWires/status/1802825492405669930 
    https://www.newsweek.com/crypto-djt-barron-trump-martin-shkreli-1915147 
    https://x.com/ArkhamIntel/status/1803161788164288875 
    https://x.com/ArkhamIntel/status/1803471430727901455 
    https://x.com/zachxbt/status/1803240784436797871 
    https://x.com/zachxbt/status/1803371615524364503 
    https://x.com/jmgramke/status/1803792368388264399 
    https://x.com/WatcherGuru/status/1803759609808564306 
    https://x.com/MartinShkreli/status/1803821631279612367 


    50:38 U.S. SEC closes investigation in Ethereum!
    https://x.com/Consensys/status/1803230653120659641 
    https://x.com/laurabrooksie1/status/1803237492130234633 
    https://x.com/RyanSAdams/status/1803412140289560849 
    https://x.com/RyanSAdams/status/1803783619997052977 


    54:30 BitWise launches a new Ethereum ad for their incoming ETH ETF 
    https://x.com/BitwiseInvest/status/1803789737620078875 
    https://zora.co/collect/base:0x9ada0269656e7855c95f54a34d4ef94f78892038/1 


    1:00:12 Kraken exploit for 3m and some drama - vs Certik 
    https://x.com/c7five/status/1803403565865771370 
    https://x.com/P3b7_/status/1803479749005549647 
    https://x.com/tayvano_/status/1803478049280893040 
    https://x.com/sethforprivacy/status/1803520795735683528 


    1:06:34 Donald Trump wants all remaining Bitcoin to be 'Made in USA'
    https://x.com/intangiblecoins/status/1801771689249787936 


    1:08:06 Optimism & Tether Releases
    https://x.com/Optimism/status/1800974991313469445 
    https://chain.box 
    https://x.com/Alloy_tether/status/1802676443781923289 


    1:10:45 Bankless ETHCC Meetup
    https://lu.ma/k0amrrnz 


    1:12:10 Who won the ETH ETF Pitch competition? 
    https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 


    1:13:45 Another voting for Bankless Nation! 
    https://www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 


    1:15:38 MEME of the Week 
    https://x.com/PleasrDAO/status/1803572250278514999 


    1:16:17 Closing & Disclaimers


    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures 

    Bankless
    enJune 21, 2024

    Diaries of an ETH Maxi on Wall Street | Sam Jernigan

    Diaries of an ETH Maxi on Wall Street | Sam Jernigan

    Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years.

    Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset and what the future holds for ETH institutional adoption.

    ------
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    https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/17 

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    https://bankless.cc/Pod_StakeWise 

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    BANKLESS SPONSOR TOOLS:

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

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

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

    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    ⚖️ARBITRUM | SCALING ETHEREUM
    ⁠https://bankless.cc/Arbitrum  

    ------
    TIMESTAMPS

    0:00 Intro
    7:47 Defining TradFi
    20:05 Ethereum’s P/E Ratio
    23:49 Sam’s Background
    40:44 Becoming an ETH Maxi
    52:57 The State of ETH in TradFi
    57:38 ETH Bull Case
    1:06:11 The Flippening
    1:12:11 ETH ETF
    1:19:26 Security vs Commodity Debate
    1:24:00 TradFi: Friend or Foe?
    1:34:39 Regulation
    1:46:07 Closing & Disclaimers

    ------
    RESOURCES

    Sam Jernigan on X
    https://x.com/sjerniganiv  

    Sam Jernigan on LikedIn
    https://www.linkedin.com/in/samjernigan07302015/  

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures⁠    

    Bankless
    enJune 19, 2024

    ETH to $22k by 2030? | VanEck's Matthew Sigel

    ETH to $22k by 2030? | VanEck's Matthew Sigel

    In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions. 

    Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutional portfolios. He also provides interesting analogies and comparisons between ETH and Web 2.0, explaining how VanEck will help traditional investors understand and invest in ETH using these narratives and real market data. 

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    https://bankless.cc/Pod_StakeWise   

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

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

    ⚡️CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    ⚖️ARBITRUM | SCALING ETHEREUM
    https://bankless.cc/Arbitrum   

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------
    TIMESTAMPS

    0:00 Intro
    7:16 VanEck Vibe Check ?
    8:11 VanEck ETH 2030 Price Prediction Report 
    12:31 Last Year’s Report vs. Present Report 
    15:10 Ethereum Narrative For Retail
    19:14 Pitching ETH To Customers
    25:15 Parameters For Bear, Base & Bull?
    28:49 What If ETH Reaches $154,000 
    32:31 ETH’s Most Bearish & Bullish Scenarios 
    33:40 Solana’s MEV vs. ETH’s MEV
    41:28  BTC & ETH Allocation In Portfolio 
    45:59 Can Data Help Matthew Convince Customers?
    49:30 $15B In ETF Assets
    50:30 Closing & Disclosures 

    ------
    RESOURCES:

    Matthew Sigel
    https://x.com/matthew_sigel 

    VanEck
    https://www.vaneck.com/us/en/ 
    https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target/ 

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures ⁠ 

    Bankless
    enJune 18, 2024

    CZ, Bull Market Predictions & The Future of Binance | New CEO Richard Teng

    CZ, Bull Market Predictions & The Future of Binance | New CEO Richard Teng

    Now that CZ is gone, who’s going to fill his shoes?

    His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance.

    We ask him:
    Who is Richard Teng?
    What was it like to work with CZ?
    Why Crypto?
    What is going on in Nigeria?
    Bull Market Predictions?

    If you want to know who’s taking charge in the next era of Binance, this episode is for you. 

    ------
    🎬 DEBRIEF | Ryan & David unpacking the episode:
    https://www.bankless.com/debrief-the-richard-teng-interview 

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    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    ⚖️ARBITRUM | SCALING ETHEREUM
    ⁠https://bankless.cc/Arbitrum 

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

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------
    TIMESTAMPS

    0:00 Intro
    7:16 Who’s Richard Teng
    15:54 The Last 2 Years
    24:30 Filling CZ Shoes
    34:58 The Future of Binance
    48:33 What is Going on in Nigeria?
    54:31 Why Crypto?
    1:03:33 BNB Chain
    1:05:48 Richard Teng’s Routine
    1:08:25 Bull Market Predictions
    1:14:21 Advice for Investors
    1:16:17 User Fund Security
    1:19:31 Closing & Disclaimers

    ------
    RESOURCES

    Richard Teng
    https://x.com/_RichardTeng  

    Tigran Gambaryan Article
    https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056  

    Binance Proof of Reserves
    https://www.binance.com/en/proof-of-reserves  

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures ⁠  

    Bankless
    enJune 17, 2024

    ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade

    ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade

    Bankless Friday Weekly Rollup 
    2nd Week of June 2024

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    https://bankless.cc/Mantle 

    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
    https://bankless.cc/Casa  

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------

    TIMESTAMPS & RESOURCES

    0:00 Intro

    3:31 Markets

    8:20 Gary G Says ETH ETF Approval “Sometime in Summer”
    https://x.com/tier10k/status/1801261940615848004 

    9:19 L2 Update

    11:04  The Fed expects to cut rates just once this year
    https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 

    15:41 Will BTC ETF follow the gold ETF success path?  
    https://x.com/hongkim__/status/1799442365892985257 

    20:48 ZKSync introduced ZK token 
    https://x.com/TheZKNation/status/1800424206129357194 
    https://app.aevo.xyz/perpetual/zk 
    https://x.com/eekeyguy_eth/status/1800461976969035910 
    https://blog.zknation.io/zk-token/ 
    https://zknation.ghost.io/content/images/2024/06/points.png 
    https://x.com/LibraryDefi/status/1800589632909832509 
    https://x.com/Gautamguptagg/status/1800539906923733397 
    https://x.com/Gautamguptagg/status/1800539906923733397 
    https://x.com/TheZKNation/status/1801020410563060031 
    https://x.com/TrustlessState/status/1801024526001815616 
    https://x.com/TrustlessState/status/1800758353511207103 

    36:46 Speaking of Airdrops: Taiko launched their TAIKO token 
    https://x.com/taikoxyz/status/1798336750668136851 
    Find out whether you are eligible via Claimables! 
    https://bankless.cc/3Jte55n  

    38:33 Optimism’s fault proofs are live! 
    https://x.com/l2beat/status/1800530188171674070 
    https://x.com/VitalikButerin/status/1800547329931620625 

    49:23 Pectra is about to became the biggest upgrade of Ethereum history: 
    https://x.com/sassal0x/status/1798869850200412383 

    55:34 Symbiotic introduced their restaking platform 
    https://x.com/symbioticfi/status/1800530004776022493 

    59:29 Eigen Labs acquired Rio Network 
    https://x.com/eigen_labs/status/1800888626642899321 

    1:01:41 Crypto:The Game was acquired by Uniswap! 
    https://x.com/cryptothegame_/status/1800199946739822594 

    1:06:28 PleasrDAO releases the WuTang Album
    https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/ 
    https://www.thealbum.com/ 

    1:09:12 Terraform Labs agreed to pay SEC $4.5B! 
    https://www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/ 
    https://x.com/TrustlessState/status/1800955721955283053     

    1:11:44 Alchemy introduced platform for building rollups 
    https://x.com/alchemyplatform/status/1798747911226040679 

    1:13:03 New Paradigm Fund
    https://x.com/matthuang/status/1801283717664526835 

    1:14:41 The Daily Gwei 
    https://www.youtube.com/@TheDailyGwei/videos  
    https://x.com/thedailygwei  
    https://x.com/sassal0x 
    https://podcasts.apple.com/us/podcast/into-the-ether/id1443920565  

    1:15:49 Closing & Disclaimers

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures 

    Bankless
    enJune 14, 2024

    BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus

    BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus

    Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin! 

    The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin.

    ------
    🎬 DEBRIEF | Ryan & David unpacking the episode:
    https://www.bankless.com/debrief-the-robin-linus-interview 

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    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
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    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------
    TIMESTAMPS

    0:00 Intro
    5:03 Who is Robin Linus?
    10:20 Why Bitcoin?
    16:19 Bitcoin Needs to Scale
    22:15 BitVM Eureka Moment
    24:31 The State of BitVM
    27:19 BitVM vs Ethereum Rollups
    33:45 How Does BitVM Work?
    46:07 BitVM Critiques
    55:07 The Bitcoin L2 Space
    59:33 The BitVM Endgame
    1:03:07 The Future of Bitcoin
    1:07:09 Closing & Disclaimers

    ------
    RESOURCES

    Robin Linus
    https://x.com/robin_linus  

    Robin Linus Website
    https://robinlinus.com/  

    BitVM
    https://bitvm.org/  

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures ⁠ 

    Bankless
    enJune 13, 2024

    The Trillion Dollar ETH Pitch | RSA+DH

    The Trillion Dollar ETH Pitch | RSA+DH

    The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other’s pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David’s? The winner gets a bragging rights POAP. 

    ------
    📣BANKLESS CITIZENS VOTE HERE
    https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

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    BANKLESS SPONSOR TOOLS:

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

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

    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
    https://bankless.cc/Casa  

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------
    TIMESTAMPS

    0:00 Intro

    2:26 Eric Balchunas
    https://x.com/EricBalchunas/status/1794023427327533456 

    4:44 ETH Narratives
    https://x.com/TrustlessState/status/1795595286972383494  

    5:58 Ethereum is a Tokenization Platform
    https://twitter.com/ChainLinkGod/status/1798133271139901668 
    https://twitter.com/ChainLinkGod/status/1798133271139901668/photo/1 

    9:26 Ethereum is an app store
    https://twitter.com/jdorman81/status/1792927796353814640 

    13:56 Operating system and app store
    https://x.com/RasterlyRock/status/1791217181012701682 

    17:15 ETH is Digital Oil
    ​​https://twitter.com/0xkydo/status/1740750772093296938  

    20:37 ETH is an Internet Bond
    https://www.bankless.com/eth-the-internet-bond 

    23:38 Programmable Money
    https://x.com/econoar/status/1124311475428790273 

    25:59 "ETH is Ultra Sound Money"
    https://twitter.com/drakefjustin/status/1352734923703123968 

    31:44 Pitches + Debrief/Analysis + Vote https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

    44:05 Closing & Disclaimers

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures  

    Bankless
    enJune 12, 2024

    The End of the Petrodollar | Luke Gromen

    The End of the Petrodollar | Luke Gromen

    “Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode.

    Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs. 

    The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

    ------
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    ------
    🎬 DEBRIEF | Ryan & David unpacking the episode:
    https://www.bankless.com/debrief-the-luke-gromen-interview 

    ------
    📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 
    https://bankless.cc/spotify-premium 

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

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------
    TIMESTAMPS

    0:00 Intro
    5:57 Luke’s Thesis
    12:23 Energy lens
    23:23 Arc of the Dollar
    28:31 Why Oil?
    31:31 Energy as a Denominator
    38:12 Energy Price Changes
    45:31 Energy Miracles
    59:22 Monetary System Change
    1:10:41 Capital Controls
    1:18:12 Future of the US
    1:24:56 How to Prepare
    1:30:37 Closing & Disclaimers

    ------
    RESOURCES

    Luke Gromen
    https://x.com/LukeGromen  

    FTT, LLC
    https://fftt-llc.com/  

    Luke Gromen Weekly Newsletter
    https://fftt-treerings.com/  

    Visualizing the History of Energy Transitions
    https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/  

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures⁠   

    Bankless
    enJune 10, 2024

    ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

    ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

    Bankless Friday Weekly Rollup 
    1st Week of June 2024

    ------
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    ------
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    https://bankless.cc/Mantle 

    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
    https://bankless.cc/Casa  

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------

    TIMESTAMPS & RESOURCES

    0:00 Intro

    3:26 Prices

    4:30 L2 Update
    https://x.com/jessepollak/status/1798731497173905439 
    https://x.com/0xKofi/status/1797645289307951127 
    https://x.com/Uniswap/status/1797624523711561828 
    https://x.com/RyanSAdams/status/1798460468069085234 

    10:00 3 more milestone numbers on the wk
    https://x.com/TrustlessState/status/1798497346512412898  
    https://x.com/0xDeFiDevin/status/1797462120713613511 
    https://twitter.com/sorellalabs 
    https://www.coingecko.com/en/coins/bnb 

    17:52  FROTHY STONKS
    https://x.com/greg16676935420/status/1798404597897363936 
    https://companiesmarketcap.com/assets-by-market-cap/ 
    https://www.reddit.com/user/DeepFuckingValue/ 
    https://www.tradingview.com/chart/?symbol=NYSE%3AGME 
    https://x.com/JasonHitchcock/status/1797437168324899192 

    26:04 ETFs are back baby! Wen ETH ETF, wen banana zone for ETH?
    https://x.com/CarpeNoctom/status/1798170536146825630 
    https://x.com/ericbalchunas/status/1798156058487382232 
    https://x.com/bitcoinmagazine/status/1796120216780333409  
    https://x.com/EricBalchunas/status/1797644643712262482 
    https://finance.yahoo.com/news/blackrock-says-10m-seed-money-174942096.html 
    https://x.com/ericbalchunas/status/1796606348324634798 
    https://x.com/EricBalchunas/status/1797589909768949827 
    https://x.com/EleanorTerrett/status/1798351844248576311  
    https://x.com/AlexanderGrieve/status/1798352191713157308  
    https://x.com/RyanSAdams/status/1796543517671424065 
    https://x.com/tradetheflow_/status/1797520578087465295/photo/2 
    https://x.com/vaneck_us/status/1798428976068657411 
    https://x.com/vaneck_us/status/1798432653726658619 

    43:55 President Biden missed the layup - vetoed SAB-121 
    https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/31/a-message-to-the-house-of-representatives-on-the-presidents-veto-of-h-j-res-109/ 
    https://www.aba.com/advocacy/policy-analysis/letter-to-president-biden-sab-121 
    https://x.com/faryarshirzad/status/1796837972978872764 
    https://x.com/nic__carter/status/1796687373314445766 
    https://x.com/standwithcrypto/status/1798433256339079417 
    https://x.com/fejau_inc/status/1796310685330051121 
    https://www.coindesk.com/markets/2024/05/30/trump-token-sinks-after-former-us-president-is-found-guilty-in-new-york/ 

    52:50 Robinhood Acquires Bitstamp
    https://x.com/RobinhoodApp/status/1798672303519342898 
    https://twitter.com/vladtenev/status/1798680590344126963 

    55:05 Celebcoin Culture Wars 
    https://www.coingecko.com/en/coins/mother-iggy 
    https://x.com/VitalikButerin/status/1798290424622113230 
    https://x.com/IGGYAZALEA/status/1798471807647068297 
    https://x.com/haydenzadams/status/1798551176834638114 

    59:32 ETH
    Coinbase’s smart wallets is now officially launched! Is this how we get to billions?
    https://www.coinbase.com/blog/a-new-era-in-crypto-wallets-smart-wallet-is-here 
    https://x.com/jessepollak/status/1797772737207062752 

    1:02:31 StarkWare plans to bring ZK scaling to Bitcoin alongside Ethereum
    https://x.com/StarkWareLtd/status/1797985467666940265
    https://bankless.cc/PermissionlessDiscount 

    1:05:31 Punks below 30 ETH
    https://x.com/punksOTC/status/1798093880711155918 

    1:06:26 Blackrock and Citadel wants to launch new rival Stock Exchange in Texas
    https://www.reuters.com/markets/us/blackrock-citadel-backed-group-start-new-national-stock-exchange-texas-wsj-2024-06-05/ 
    https://x.com/delzennejc/status/1798399433651974301 

    1:10:21 Raises and BVC Investments 
    Mountain raised $8M in Series A
    https://x.com/MountainUSDM/status/1798740495679815731 

    1:11:35 MEME of the Week
    https://x.com/TrustlessState/status/1798124339843449065  

    1:12:19 Closing & Disclaimers

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures ⁠ 

    Bankless
    enJune 07, 2024

    When Will We Go Parabolic This Cycle? | RSA+DH

    When Will We Go Parabolic This Cycle? | RSA+DH

    After 3 months of flat crypto prices, people are asking “where are we in the cycle”? What if the real bull hasn't even started yet?

    How big of the impact can the ETH ETF's really have and can they really take us to the coveted.... Banana Zone? All of that and more on this weeks episode of Bankless Takes.

    ------
    ✨ Mint the episode on Zora ✨
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    ------
    🔐 GridPlus Lattice1 Hardware Wallet 
    (use discount code BANKLESS2024 at checkout for 15% off)
    https://gridplus.io/products/grid-lattice1 

    ------
    BANKLESS SPONSOR TOOLS:

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

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

    ⚡️ CARTESI | LINUX-POWERED ROLLUPS
    https://bankless.cc/CartesiGovernance 
     
    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
    https://bankless.cc/Casa  

    🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
    https://transporter.io/ 

    🔗CELO | CEL2 COMING SOON
    https://bankless.cc/Celo 

    ------
    TIMESTAMPS
    00:00 Intro
    03:18 The Bull Run is Boring
    06:35 What Inning Are We In?
    16:28 Demand For Gold Reserves
    23:19 The Banana Zone
    28:22 ETH ETF Impact
    35:30 Celeb Memecoins
    43:12 Key Takeaways

    ------
    Not financial or tax advice. See our investment disclosures here:
    https://www.bankless.com/disclosures⁠ 

    Bankless
    enJune 05, 2024