Bankless

Bankless Friday Weekly Rollup First Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io 

------ BANKLESS SPONSOR TOOLS:

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

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

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

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

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

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

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

------ TIMESTAMPS & RESOURCES 00:00:00 Start

00:01:04 David's Eye Update https://x.com/TrustlessState/status/1783846598813814785 

00:05:52 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://twitter.com/nicrypto/status/1785607112682246286 

00:11:17 BTC Miners Struggling  https://twitter.com/RhoRider/status/1784720608691159410 

00:13:55 BTC to $3.8 Million? https://twitter.com/DeItaone/status/1785695402819207296 

00:18:52 Solana Season Over? https://x.com/0xGumshoe/status/1784240017017069849 

00:25:31 The $EIGEN StakeDrop https://twitter.com/eigenfoundation/status/1785000124646572108 

00:30:31 The 2 Token Model https://imgur.com/YE7PBL3 

00:34:36 Distribution Details https://imgur.com/y7BEqUu 

00:39:29 Locked Tokens https://x.com/TrustlessState/status/1785729436895084571 

00:47:33 Eigen Team Perspective https://twitter.com/jchervinsky/status/1785373696862924997 

00:56:51 Industrial Airdrop Farmers https://twitter.com/Takuiten/status/1785220889161998635 

01:01:05 CZ Sentenced to Jail https://x.com/BitcoinMagazine/status/1785384669812273570  https://x.com/cz_binance/status/1785465555899822488  https://twitter.com/MikeIppolito_/status/1785388427849961678 

01:08:48 Stripe Crypto Support https://x.com/collision/status/1783559623511011535  https://twitter.com/RyanSAdams/status/1783854777622724683 

01:10:55 Visa's Onchain Dashboard https://twitter.com/cuysheffield/status/1783471909533106610 

01:12:04 USDC overtakes Tether https://visaonchainanalytics.com/transactions  https://x.com/paoloardoino/status/1785645617651274040 

01:13:42 Tokenizing Treasuries https://www.franklintempleton.com/press-releases/news-room/2024/franklin-templeton-announces-availability-of-peer-to-peer-transfers-for-franklin-onchain-u.s.-government-money-fund 

01:14:55 AAVE V4 https://x.com/aave/status/1785749923893223485 

01:17:22 Coinbase Integrates Lightning Network https://www.coinbase.com/blog/coinbase-integrates-bitcoins-lightning-network-in-partnership-with

01:17:58 The War on Crypto https://consensys.io/blog/consensys-suing-sec-to-defend-ethereum-ecosystem  https://www.ic3.gov/Media/Y2024/PSA240425  https://twitter.com/RyanSAdams/status/1783586883194265820 

01:22:12 Square and Cash App Investigated https://x.com/RyanSAdams/status/1785751225062809832 

01:22:56 Roger Ver Tax Fraud https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud 

01:24:37 Etherscan Bankless Partnership! https://twitter.com/etherscan/status/1785357882181214215 

01:25:42 Meme of The Week https://x.com/dabit3/status/1785886486165942380 

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

While it's still early in the race, Base is now one of Ethereum’s largest L2s. 

In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak. 

We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain  - Onchain Summer II

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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 | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

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

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

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

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

------ TIMESTAMPS

0:00 Intro 4:41 Base’s First 8 Months 9:23 The Road to 1 Giga Gas Per Second 18:39 Why More Demand For Base?  21:26 Cost to Send Transactions on Base 23:59 Non-Ethereum DA Solution? 25:59 Scaling Via L3s on Base? 27:17 Parallelization Solution? 29:34 Will Base Make Transactions Free? 38:18 Coinbase's Relationship With Base  46:18 Base Is Centralized Critique  50:17 The Base Flywheel 57:46 Onchain Summer II  58:36 Next Target Demo to Come Onchain 1:00:42 Base Independence 1:02:19 1 Billion People Onchain 1:03:25 Closing & Disclosures

------ RESOURCES

Onchain Summer II https://www.base.org/  

Jesse Pollak https://twitter.com/jessepollak  

Jesse’s 1st Base Episode https://youtu.be/7dGU0_eEjq8  

Coinbase https://twitter.com/coinbase  

Base https://twitter.com/base  

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

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens.

The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.

We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC 

Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it.

So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security.

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

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

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

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

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

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD  

------ TIMESTAMPS

0:00 Intro 6:35 SEC vs. Ethereum  9:45 The Uniqueness of This Case 11:15 88,000 Pages to the SEC 12:11 SEC Going After Devs?  14:47 The Wells Notice 16:27 ETH ETF 17:58 Outcome of Consensys Winning   21:29 U.S. Law Process & Timeline 25:55 Ether Isn’t a Security 34:50 Gary’s Confidence Conspiracy   41:17 MetaMask Isn’t a Broker Dealer 47:10 What is Prometheum?  51:10 How Can the SEC Win? What Happens to Crypto?  55:49 What the Crypto Community Can Do 59:50 What Happens Next? 1:03:15 Closing & Disclaimers

------ RESOURCES

Consensys Complaint  https://consensys.io/crypto-regulations/defend-ethereum  https://assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf  

Joe Lubin https://twitter.com/ethereumjoseph  

Matt Corva https://twitter.com/MattCorva  

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

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate. 

15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s got this feature called “Intersubjective Forking” that increases the scope of what Eigenlayer can provide security for. 

In addition to the token details getting released, we’re also getting the Eigen Foundation, with a new director Robert Drost - who joins Sreeram today to walk us through everything you need to know.

Foundation Page: https://eigenfoundation.org/ 

Claims Page: https://claims.eigenfoundation.org/  ------ 🏹 USE PODCAST24 FOR 10% OFF  https://bankless.cc/Citizen2024  ------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast  ------ BANKLESS SPONSOR TOOLS:

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

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

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

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

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_pod 

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

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS  00:00:00 Start 00:03:39 What is a Stakedrop? 00:08:51 Allocation Details 00:15:53 Phase 1 and Phase 2 00:19:38 Locked Token Utility 00:24:30 When Are Tokens Unlocked? 00:31:04 Intersubjective Forking 00:36:30 Building WWIII Resistance 00:42:15 History Behind Their Decision 00:53:03 Eigenlayer Foundation 00:56:38 Future of Points 00:58:38 US Citizens Blocked 01:01:47 Token Allocation Thoughts 01:05:10 What's Next?

------ RESOURCES Foundation Page: https://eigenfoundation.org/ 

Claims Page: https://claims.eigenfoundation.org/ 

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

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-jeremy-allaire-interview 

------ Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle.

A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? Fast forward to 2030, what’s the total value of stablecoins?

Stay tuned because we ask all that and much more.

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

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

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

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

🔐 SAFE | ATTEND SAFE{CON} https://conf.safe.global/ 

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

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS

0:00 Intro 5:47 SVB Crisis Reflections 24:00 Crypto Age in Internet Terms 31:15 The Future of Stablecoins 41:42 The Crypto Venmo 56:18 Blackrock’s BUIDL Fund 1:01:44 US Government 1:16:35 USDC vs Tether 1:22:00 Central Bank Stablecoins 1:28:14 Regulatory Protectionism 1:32:25 Closing Thoughts

------ RESOURCES

Jeremy Allaire https://twitter.com/jerallaire  

USDXX - What backs a USDC? https://www.blackrock.com/cash/en-us/products/329365/circle-reserve-fund  

Circle https://www.circle.com/en/  

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

Bankless Friday Weekly Rollup Last Week Of April

------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod 

------ BANKLESS SPONSOR TOOLS:

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

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

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

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL 

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

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

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS & RESOURCES

0:00 Intro

4:19 Markets - Thanks Kraken

5:39 Total Crypto Market Cap

5:46 L2 Update - Brought to you by Mantle https://l2beat.com/scaling/costs 

7:42 10M active wallets are using Ethereum ecosystem every week!  https://twitter.com/RyanSAdams/status/1782756457915506876 

8:19 Base is the #2 chain for USDC Supply - Coinbase trying make a payment chain https://vxtwitter.com/jessepollak/status/1783503518156136498 

9:48 ENTER RUNES Runes changed the game for a day  https://twitter.com/mikealfred/status/1781684678782791830  https://www.okx.com/web3/marketplace/runes?channelid=ACEAP6502255  https://twitter.com/ercwl/status/1782029205770744125?s=46  https://twitter.com/hlopez_/status/1781501372200059336  https://ycharts.com/indicators/bitcoin_average_transaction_fee 

22:56 ETF INFLOWS: The inflows into BTC spot ETFs are not back yet  https://twitter.com/carpenoctom/status/1783327357652042187  https://x.com/EricBalchunas/status/1782740051929006496  https://www.coindesk.com/business/2024/04/20/grayscale- reveals-015-fees-for-its-bitcoin-mini-tr  https://twitter.com/thomas_fahrer/status/1781809562070442047 

28:03 Q1 ‘24 income statements for Ethereum and MakerDAO https://twitter.com/tokenterminal/status/1782858613943321016 

33:01 CZ might spend 3 years in prison  https://twitter.com/johnreedstark/status/1783107482325225947  https://twitter.com/rizzn/status/1783199755541066103  https://storage.courtlistener.com/recap/gov.uscourts.wawd.328570/gov.uscourts.wawd.328570.8  https://twitter.com/RyanSAdams/status/1783195468840697896 

40:21 Samourai wallet founders arrested https://twitter.com/RyanSAdams/status/1783222828361281847  https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering  https://x.com/RyanSAdams/status/1783254322894999978 

46:39 Consensys sues SEC https://twitter.com/fintechfrank  

52:56 Renzo announced its token launch!  https://x.com/RenzoProtocol/status/1783277589525594231  https://www.bankless.com/renzo-madness  https://twitter.com/DefiIgnas/status/1783083767449432189  https://twitter.com/dcfgod/status/1782978862772814000?ref=bankless.ghost.io  https://twitter.com/Ian_Unsworth/status/1783163546857099730 

58:57 Telegram allows USDT payments https://twitter.com/ton_blockchain/status/1781294475219812665  https://twitter.com/cstanley/status/1782459974313988281  https://twitter.com/dannypostmaa/status/1783541623839740030 

1:00:17 OP is releasing its multichain upgrade! https://twitter.com/OPLabsPBC/status/1780987940526534943 

1:01:09 Liam Shiba Inu raised $12M for its new chain  https://x.com/treatsforShib/status/1782490407655592242  https://shibarium.shib.io/ 

1:02:32 Lido is starting with DVT - Stake with friends - making lido more decentralized? https://twitter.com/LidoFinance/status/1780317961854636384 

1:04:13 IRS keeps labeling self-custody wallets as brokers  https://twitter.com/valkenburgh/status/1781380879476043940  https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf  https://twitter.com/TheCryptoCPA/status/1781403340045197813  https://twitter.com/jchervinsky/status/1782061785119367284  https://x.com/lex_node/status/1782050294429319545 

1:08:09 Raises and BVC Investments  Movement Series A https://x.com/movementlabsxyz/status/1783511681928175791  Othentic raised $4M in their seed round - RaaS for Eigen Apps https://twitter.com/0xOthentic/status/1782378684369739781 

1:11:23 MEME of the Week https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1714065541205  https://x.com/nic__carter/status/1781676895291015477 

1:15:00 Closing & Disclaimers

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

Erik Torenburg and Haseeb Quereshi join us for today's debate.

Should we accelerate or decelerate our tech progress? How about when it comes to something as powerful as AI? This is not just a debate in tech circles - this is a political debate that poised to define the next decade. 

We’ve had leaders from both sides of the debate on the podcast - episodes with Elizer Yudkowski and Beff Jezos. You’ve heard what they think.

Today’s episode is a discussion and at times a debate on these opinions to help you think through where you stand on this issue - Haseeb Quereshi tends toward the EA side which favors more caution and regulatory intervention around AI while Erik Torenburg tends toward the e/acc side of the issue which favors faster progress and lighter touch.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_NL  ------ BANKLESS SPONSOR TOOLS:

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

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

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL 

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

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

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

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD  ------ TIMESTAMPS 00:00:00 Start 00:03:51 Intro To Haseeb and Erik 00:05:58 Definind EA 00:11:30 Reflecting on EA 00:19:23 Erik's Case For E/Acc 00:23:05 Defining E/Acc 00:27:18 The Problem with E/Acc & Humanism 00:34:20 How Big is This Debate Really? 00:46:31 AI Safety & Regulatory Capture 00:56:39 EA's Political Affiliation 00:59:43 Extinction Risk 01:11:04 Politicizing the Debate 01:19:56 The Pro Tech Case 01:24:08 Productive Tension 01:28:33 AI Ethics vs Safety 01:32:53 Pick a Side

------ RESOURCES Haseeb Qureshi https://twitter.com/hosseeb 

Erik Torenberg https://twitter.com/eriktorenberg 

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

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-anthony-pompliano-interview 

------ Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism.

Expect to learn about the Bitcoin Halving, the state of BTC EwTFs, the consequential institutional adoption and crypto tribalism. We wrap up the episode with a quick lightning round with Pomp and a peek into his 2024 investment portfolio.

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------ BANKLESS SPONSOR TOOLS:

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

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

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

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

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

🔐 SAFE | ATTEND SAFE{CON} https://conf.safe.global/ 

------  TIMESTAMPS

0:00 Intro 6:25 Bitcoin Halving 12:07 Institutional Adoption 24:08 Bitcoin ETF Aftermath 34:02 Institutional Dangers 41:49 Bitcoin Evangelism 49:44 Culture Wars 1:03:47 US vs Crypto 1:13:46 Bear Market Learnings 1:16:35 Pomp’s Focus 1:23:04 Pomp’s Portfolio 1:27:48 Lightning Round 1:31:59 Closing & Disclaimers

------ RESOURCES

Anthony Pompliano https://twitter.com/APompliano 

The Pomp Letter https://pomp.substack.com/  

------ 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  

Bankless Friday Weekly Rollup 3rd Week Of April ------ 🔐 SAFE | BUILD WITH THE SAFE SMART ACCOUNT https://bankless.cc/Safe_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

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

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

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

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

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

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

------ TIMESTAMPS 00:00:00 Intro

00:03:37 Bitcoin Halving https://www.coinwarz.com/bitcoin-halving 

00:07:23 Bitcoin Runes https://youtu.be/q9RDE8U6CkI 

00:08:56 Markets https://pro.kraken.com/app/trade/btc-usd https://twitter.com/dunleavy89/status/1779120479233544261 

00:15:29 ETH Price Updates https://pro.kraken.com/app/trade/eth-usd https://twitter.com/dmihal/status/1779244625762394235 

00:19:18 L2 Updates https://l2beat.com/scaling/summary https://twitter.com/NTmoney/status/1780998133025226803 

00:24:27 World Chain Announcement https://twitter.com/worldcoin/status/1780611997396095157  https://worldcoin.org/blog/announcements/introducing-world-chain 

00:28:19 Dead Internet Theory  https://x.com/tiagosada/status/1780616673172570532 

00:30:20 OKX X Layer Launch https://www.okx.com/xlayer 

00:34:45 Kraken Wallet https://twitter.com/krakenfx/status/1780612343354855625 

00:37:15 Hong Kong ETF Approvals https://www.cnbc.com/2024/04/15/hong-kong-regulators-approve-spot-bitcoin-and-ether-etfs-.html  https://twitter.com/EricBalchunas/status/1779867078603718970 

00:42:25 Ethereum Superwallets https://twitter.com/sassal0x/status/1778616483838669202  https://twitter.com/0xCygaar/status/1778522744919044442 

00:47:48 Eigenlayer Unpaused Restaking https://x.com/eigenlayer/status/1778885106960081116 

00:50:06 Alt Restaking https://twitter.com/nektarnetwork/status/1778082320798380060  https://twitter.com/Karak_Network/status/1777370872627831019 

00:54:24 Immutable Nexus https://twitter.com/Immutable/status/1777894966498607146 

00:56:58 Crypto The Game https://x.com/BanklessHQ/status/1780994358260420807 

01:00:57 HeroGlyphs https://twitter.com/hero_glyphs  https://github.com/Finallyt/Heroglyph/blob/main/Heroglyph-Whitepaper.pdf 

01:05:35 Solana Upgrades https://x.com/SolanaStatus/status/1779727821834686592  https://twitter.com/rexstjohn/status/1779730912269500836 

01:07:34 Stablecoin Bill https://www.lummis.senate.gov/press-releases/lummis-gillibrand-introduce-bipartisan-landmark-legislation-to-create-regulatory-framework-for-stablecoins/ 

01:10:40 Raises https://twitter.com/alignedlayer/status/1779564155327934811?s=46&t=dAxCjT2P_GIrJMvMgWIpfA  https://x.com/nebrazkp/status/1780633313155457091 

01:13:40 Meme of The Week https://vxtwitter.com/Timccopeland/status/1781012538911551808 

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

Today’s episode is about exploring the frontier of tokens on Bitcoin with guest Casey Rodarmor. Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating what are called Bitcoin NFTs. He is now also the creators of Runes, a second protocol, working to bring fungible tokens to Bitcoin. 

Bitcoin is changing and Casey appears to be one of main reasons for the change. Soon he’ll be unveiling a new protocol standard for Bitcoin - called Runes, which wants to be a bitcoin-native version of fungible tokens, on the Bitcoin L1 - which is going to be the topic of the show today.

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------ TIMESTAMPS

0:00 Intro 5:00 The Guy Who Changed Bitcoin 10:21 Why Casey’s Building 16:45 Ordinals Cultural Shift 22:43 Runes 31:40 The Ord Standard  45:27 Bitcoin Blocks & Blockspace Limit 57:47 Bitcoin Innovation Implications  1:02:41 Rune Parameters 1:11:20 The First Runes (Uncommon Goods)  1:14:34 Timeline on Runes & Trading Ecosystem 1:17:12 The Future of Runes/Ordinals 1:19:48 The Bitcoin Renaissance  1:21:34 Winning Over Bitcoin Maximalists 1:23:45 Casey’s Podcast     1:24:58 Runes Team 1:26:37 Closing & Disclaimers    ------ RESOURCES

Casey’s 1st Bankless Episode  https://youtu.be/ktL77zEWcEc 

Casey’s Twitter https://twitter.com/rodarmor  

Casey’s Hellmoney Podcast  https://www.youtube.com/channel/UCflejnUswWof6yEMk9dRzOA 

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