Bankless

China’s decoupling from the Dollar. Are we on the brink of using the yuan as the new global currency, or will crypto take the spotlight? 

We’ve explored crypto’s role in disrupting the global monetary order before, but there’s another force that’s going to have just as much of an impact…some would say much more. China!

What does it look like when the world’s 2nd largest economy dedollarizes? That’s what we explore on today’s episode with China expert and economist Diana Choyleva. Towards the end, Diana also reveals her eye-opening prediction about a potential US-China conflict over Taiwan. 

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------ TIMESTAMPS

0:00 Intro 7:17 Is China Really De-Dollarizing? 10:16 Is De-Dollarizing A Priority? 14:14 China’s Objective & Progress? 16:04 Yuan as Unit Of Payment Or Store Of Value? 22:27 Usage and Progress From 2009? 25:34 US VS China Capital Market Difference 29:32 Motives Behind De-Dollarizing? 35:32 China’s Wants VS Actual Scenario 40:25 What Distant Future Looks Like? 47:41 China’s CBDC Plan, Issues & Expansion 55:13 China Participating In Crypto World? 57:50 China Using Treasury As Store of Value? 1:04:26 The Taiwan Conflict? 1:05:51 What If China Is Successful? 1:09:37 Closing and Disclosures 

------ RESOURCES

Diana Choyleva https://x.com/choyleva 

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

Jonathan Mann has been writing a song a day for 16 years and 211 days. Today, he and Brian Frye are suing the SEC.

In today’s episode, Jonathan, better known as ‘Song a Day Man’ is joined by Brian Frye, a law professor at the University of Kentucky and NFT/security law expert. 

Hear why Jonathan and Brian are suing the SEC, why this lawsuit is so important to the crypto industry as a whole, and what winning would mean for the future of our space.   

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⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel 

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🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/40  ------ TIMESTAMPS

0:00 Intro 4:58 Background on Suing  7:34 Jonathan Mann’s Backstory  9:58 Why Brian Got Involved  13:28 The 101 of the Lawsuit  17:22 What Does Winning Do?   22:14 Game Theory  25:14 Fear & Songs a Day 27:18 Logistics of the Suit    32:31 How to Support 34:41 Closing

------ RESOURCES

Jonathan Mann https://x.com/songadaymann   https://x.com/songadaymann/status/1817959431206023653  

Brian Frye https://x.com/brianlfrye  https://youtube.com/live/jo1ZuhuCVZE  

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

The herd is coming, or is it already here?

Mike Novogratz needs no introduction for long-time crypto natives. For those that are newer? Mike is a fund manager who was early to bitcoin, very early to ethereum, built an entire digital assets empire called Galaxy Digital and spent the last 10 years evangelizing crypto to Wall Street and more recently, to DC.

We cover how Crypto has evolved from 2014 to 2024, what’s Wall Street’s current perception of our industry, the recent ETH ETF launch, Politics and Macro. Mike also ends the episode giving extremely important advice for young investors so stay tuned.

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🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

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------ TIMESTAMPS

0:00 Intro 4:46 The Herd is Here 14:49 What Changed 20:07 Crypto on Wall Street 32:39 ETH ETF 39:39 Politics 51:27 Macro Outlook 58:10 ETH Narratives 1:03:34 Advice for Youngsters 1:08:20 Galaxy 1:10:24 Closing & Disclaimers

------ RESOURCES

Mike Novogratz https://x.com/novogratz  

Galaxy https://www.galaxy.com/  

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

Bankless Friday Weekly Rollup 4th Week of July 2024

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🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

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

------

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------ TIMESTAMPS & RESOURCES

00:00:00 Intro

00:02:15 Why Did Markets Nuke? https://x.com/zerohedge/status/1816299674006855821  https://x.com/cburniske/status/1816304411892670769  https://x.com/RyanDetrick/status/1816323820032012345  https://pro.kraken.com/app/trade/btc-usd  https://x.com/BitcoinNewsCom/status/1815478479263043974  https://x.com/DavidLRipley/status/1815880303254323603  https://x.com/TrustlessState/status/1815713932453028059  https://pro.kraken.com/app/trade/eth-usd  https://www.coingecko.com/en/global-charts 

00:09:33 L2 Updates https://x.com/JustDeauIt/status/1813634431804211426  https://x.com/JustDeauIt/status/1813634434782114299  https://x.com/JustDeauIt/status/1813634437885919679  https://x.com/JustDeauIt/status/1813634440809353596 

00:11:56 Cycle Phase 2 https://imgur.com/a/UF8pspv  https://imgur.com/a/zGqV0iC   https://x.com/richwgalvin/status/1815174750668542279?s=46 

00:19:19 ETH ETF Results https://x.com/NateGeraci/status/1815545262133399700  https://x.com/EricBalchunas/status/1815728515641213387/photo/1  https://x.com/EricBalchunas/status/1815747485505052950  https://x.com/JSeyff/status/1816061764926087481  https://x.com/JSeyff/status/1815958023317205232  https://x.com/EricBalchunas/status/1816077866208993653  https://x.com/EricBalchunas/status/1815890742457278751  https://x.com/EricBalchunas/status/1816232046249058604 

00:24:12 Recap From Issuers https://farside.co.uk/?p=1518  https://imgur.com/cOK7F61  https://x.com/NateGeraci/status/1815506510564462933?t=jIri_bI8nEwT-ap1UFTWHg&s=19  https://x.com/NateGeraci/status/1815556927918600209  https://x.com/BitwiseInvest/status/1815486131376370002   https://x.com/BitwiseInvest/status/1815716188447482341  https://x.com/EricBalchunas/status/1815775953554932076 

Permissionless:  https://blockworks.co/event/permissionless-iii 

00:29:33 Kamala Pro Crypto? https://x.com/jchervinsky/status/1815131074097549776  https://x.com/DeItaone/status/1815813380256719213  https://x.com/RyanSAdams/status/1816125576891031708  https://x.com/RyanSAdams/status/1816213070047519153 

00:36:05 Bitcoin Conference Conspiracy https://x.com/RyanSAdams/status/1816476366021316648  https://www.foxbusiness.com/politics/wyoming-sen-lummis-plans-announce-legislation-strategic-bitcoin-reserve-nashville-conference  https://x.com/Tyler_Did_It/status/1815428108092084254 

00:43:43 Nic Carter Fight Night https://x.com/TrustlessState/status/1816476721153282305  https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1721926760445  https://x.com/AltcoinDailyio/status/1815849283826114586 

00:49:17 Is Polymarket Crypto's Killer Use Case? https://x.com/balajis/status/1815134501171060756?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g https://x.com/yugacohler/status/1807424956529344989?s=46 

00:54:19 Coinbase Tokenized Money Market Fund https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/ 

00:54:41 Jito Restaking https://x.com/jito_sol/status/1816488798374830164 

00:55:16 Really Interesting Survey Results https://x.com/thetrocro/status/1815491534550417525  https://x.com/thetrocro/status/1815491549704438090 

00:59:26 Proton Wallet Release https://x.com/ProtonWallet/status/1816090220359475651 

01:00:50 Meme Of The Week https://x.com/RyanSAdams/status/1816194402831982975 

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

The ETH ETFs have officially launched, but wen $ETH moon? 

We saw $1.1B in volume and $100M in inflows yesterday. Is that good? When will this factor into price?

Matt Hougan, CIO of Bitwise joins Ryan and David midway through the show to go over the above and also how the ETH ETF launch went, predictions going forward, and much more. 

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🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------ TIMESTAMPS & RESOURCES

0:00 Intro

2:35 ETH ETF Launch https://x.com/EricBalchunas/status/1815489137484722333  https://x.com/JSeyff/status/1815422061365305494  https://x.com/NateGeraci/status/1815487451726499864  https://x.com/Ashcryptoreal/status/1815677145810649151  https://x.com/JSeyff/status/1815737082129650047  https://x.com/RadarHits/status/1815674577726406748   https://x.com/JSeyff/status/1815737643948286104  https://x.com/BitwiseInvest/status/1815486131376370002  https://x.com/BitwiseInvest/status/1815716188447482341  https://x.com/QuintenFrancois/status/1815624631115460662  https://x.com/BitwiseInvest/status/1815486261337182504  https://x.com/VitalikButerin/status/1815697566614655158 

6:44 Matt Hougan Interview https://x.com/JSeyff/status/1815958023317205232  https://x.com/NateGeraci/status/1815885624467210263  https://x.com/JSeyff/status/1815958023317205232 

33:02 Grayscale & Grayscale Minitrust: Wen Moon?  https://x.com/JSeyff/status/1814347183522754773  https://x.com/Grayscale/status/1815688403381531021  https://x.com/NateGeraci/status/1815556927918600209 

38:40 Hildobby Dune Board WIP https://dune.com/hildobby/eth-etfs 

39:31 Bitcoin ETF Flows https://x.com/News_Of_Alpha/status/1815532026486776288  https://x.com/TrustlessState/status/1815713932453028059 

41:16 Bullish Setup Going into the Rollup tomorrow https://x.com/TrustlessState/status/1815390176132186202  https://x.com/DeItaone/status/1815813380256719213  https://x.com/DavidFBailey/status/1815848521205178404 

44:00 Closing & Disclaimers

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

The Ether spot ETF has officially started trading as of today July 23rd, 2024 marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the magnitude of this moment and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation.

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🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

------

TIMESTAMPS

00:00 Intro To Eric 02:53 $1B Daily Inflows 06:17 Mini ETH 08:13 What To Look For Next 12:25 #2 Launch Of All Time? 19:12 Pitching ETH To The World 24:08 ETH As A Tech Platform 27:43 Winners of BTC vs Winners of ETH ETFs 30:32 What To Watch

------ RESOURCES

Eric Balchunas:  https://x.com/EricBalchunas 

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

Why do banks suck?

Banks suck is the reason we started this bankless thing. Not that banks are all bad but they take too much and give to little. They need to be disrupted.

We brought Mel Mattison, author of Quoz, and he’s very clear on what’s wrong with banks.

They’ve become too centralized, unbalanced, short-sighted, corrupt. Power has tilted away from the people and into the hands of a central banking cabal. The relationship between sovereign governments and private banks has become an unholy alliance.

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⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku 

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------ TIMESTAMPS

0:00 Intro 5:41 Quoz 8:15 Monetary History 19:13 History of Banks 29:27 Banks: The Good 42:17 Banks: The Bad 57:16 The Banking Cabal 1:12:55 The Central Bank Endgame 1:20:56 The Great Taking 1:33:12 How to Prepare 1:42:17 Crypto 1:52:43 Closing & Disclaimers

------ RESOURCES

Mel Mattison https://x.com/melmattison1  

Quoz https://www.melmattison.com/quoz  

The Great Taking https://books.google.pt/books/about/The_Great_Taking.html?id=JzSx0AEACAAJ&redir_esc=y  

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

Bankless Friday Weekly Rollup 3rd Week of July 2024

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🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel    ⚖️ ARBITRUM | SCALING ETHEREUMa ⁠https://bankless.cc/Arbitrum 

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

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------ TIMESTAMPS & RESOURCES 0:00 Intro

3:44 Politics and Crypto  https://www.cnbc.com/2024/07/15/bitcoin-jumps-as-markets-see-increased-odds-of-trump-victory.html  4:28 Trump selects JD Vance as his VP https://truthsocial.com/@realDonaldTrump/posts/112792061935980928  https://nypost.com/2024/07/17/us-news/trump-picking-jd-vance-as-vp-is-big-for-the-bitcoin-crowd/  https://x.com/RyanSAdams/status/1812933662880514479  https://www.standwithcrypto.org/politicians/person/jd---vance https://x.com/RyanSAdams/status/1812936021543149758  https://x.com/taylorjbarr/status/1812930126843126174  https://x.com/shayne_coplan/status/1812931244621000896  https://polymarket.com/  13:05 Trump considers Jamie Dimon as Treasury Secretary  https://x.com/WatcherGuru/status/1813666502526329035  13:59 Trump wants the US to beat China in the crypto race https://www.theblock.co/post/305771/trump-wants-us-in-charge-of-crypto-before-china 

15:46 Vitalik released a Blogpost:  https://vitalik.eth.limo/general/2024/07/17/procrypto.html  https://x.com/RyanSAdams/status/1813596134020895138  https://x.com/valkenburgh/status/1813634877910319499  https://x.com/tusharjain_/status/1813663311591870495  https://x.com/jchervinsky/status/1813635524026048908  https://x.com/MarconiWight/status/1813320579631706598 

25:02 MARKETS L2 Update Scroll TVL increased by 21.9% to $1.01B in the past 7 days https://x.com/WuBlockchain/status/1812732829345947915  Base now 30% bigger https://x.com/jessepollak/status/1811080797706932468 

34:19 Bitcoin liquidity Events (Gox and Germany)  https://x.com/News_Of_Alpha/status/1813167748115292467  What can MtGox do to the price?  https://x.com/ki_young_ju/status/1813277728998609338  Germany is most likely done with selling https://x.com/ArkhamIntel/status/1811830991708639719  How much Germany sold?  https://x.com/ArkhamIntel/status/1813601540516524291 

38:24 ETH ETF next week!!  https://x.com/EricBalchunas/status/1812930206933655759  https://x.com/NateGeraci/status/1812961815833305104  https://x.com/jseyff/status/1813693107214717181  https://x.com/NateGeraci/status/1813698463403765780  https://x.com/coinage_media/status/1813539741851365812  https://x.com/jchervinsky/status/1813571352105979946  . 49:14 BTC ETF daily net flows trending up over the last two weeks https://x.com/WClementeIII/status/1812996129648439633  https://x.com/ericbalchunas/status/1813187237762244840  https://x.com/EricBalchunas/status/1812864261170905281 

53:39 Uniswap Extension is now open to everyone!  https://x.com/Uniswap/status/1813212643139711384 

54:58Crypto Wars 2.0 Positive developments in Roman Storm's Tornado Cash defense https://x.com/valkenburgh/status/1811851516833394994  https://www.coindesk.com/policy/2024/07/12/conduct-versus-code-may-be-the-defining-question-in-roman-storm-prosecution/ 

58:15 Molly White launched her new crypto initiative  https://x.com/molly0xFFF/status/1811836793353884053  https://x.com/RyanSAdams/status/1812950495218045424 

1:03:27 MEME of the Week https://x.com/GoingParabolic/status/1813012646339465334 

1:04:47 Moment of Zen Bitwise’s new ETH commercial is out!  https://x.com/BitwiseInvest/status/1813553235703263276 

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

Bankless Nation, the question today is: Is the U.S. flipping pro-crypto?

The United States has either been anti-crypto or neutral since the birth of Bitcoin. That’s starting to change. For the first time, we actually have momentum in D.C. There will be many battles ahead, but right now, crypto is making progress.

What would a pro-crypto America look like? What laws do we need to pass to get there? Who do we still need to convince, and how close are we?

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🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

⚡️ FUEL | EARN FUEL POINTS https://bankless.cc/fuel    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

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

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------ TIMESTAMPS

00:00 Intro 06:01 Trump's Assasination Attempt 09:28 Thought On VP Nominee JD Vance 12:59 Why is Crypto Important to You? 16:11 Legislation 20:36 Why Didn't Democrats Pivot? 23:32 SAB-121 Status Update 29:03 The Next Generation of Products 34:22 Gensler's SEC 36:52 Election Impact on Crypto

------ RESOURCES

Rep French Hill

https://x.com/repfrenchhill 

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

SOL is currently trading at an 83% discount to ETH - should it be?

Michael Nadeau is a crypto analyst who can help us answer this question. His approach isn’t technical, he isn’t a decentralization-maximalist, and he doesn’t represent any specific tribe. Instead, he focuses on current on-chain fundamentals like daily active users, fee revenue, and Total Value Locked to provide insights.

In our discussion, we explore why fundamentals matter when analyzing crypto assets like ETH and SOL. We review the data for 2024 to see who’s winning and examine the catalysts for both ETH and SOL. Additionally, Michael shares his price predictions for ETH and SOL this cycle and offers insights on which asset will outperform the other in the second half of the bear market.

------

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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/32?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

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🐡 PUFFER | CHECK OUT PUFFER UNIFI

https://bankless.cc/PufferUnifi 

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BANKLESS SPONSOR TOOLS:

🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2  ⁠ 

🛞 MANTLE | MODULAR LAYER 2 NETWORK

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🦄 UNISWAP | BROWSER EXTENSION

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⚡️ FUEL | EARN FUEL POINTS

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⚖️ ARBITRUM | SCALING ETHEREUM

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🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

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TIMESTAMPS

00:00:00 Start

00:02:59 Are Fundamentals Having a Moment?

00:08:59 Solana's 83% Discount

00:12:11 Fundamentals Data

00:17:09 Fees, SOL vs ETH

00:19:52 Fee Generation & MEV

00:22:36 DEX Volume

00:25:31 Stablecoin Volume

00:28:08 Total Value Locked

00:31:49 Core Devs

00:34:50 Value Accrual

00:41:45 The Bull Case For Ether

00:49:22 Upcoming Catalysts

00:57:09 Qualitative Differences

00:59:40 Price: SOL vs ETH

01:04:10 Price Targets

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RESOURCES

Michael's Report: https://thedefireport.io/research/sol-discount-eth 

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠