Bankless

Bankless Weekly Rollup 2nd Week of March, 2024

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------ BANKLESS SPONSOR TOOLS:

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

🦄UNISWAP | SWAP SMARTER https://bankless.cc/uniswap  

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

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

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

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

------

TIMESTAMPS & RESOURCES

0:00 Intro

7:48 Markets 9:00 Bitcoin’s market cap surpassed Silver this week https://companiesmarketcap.com/assets-by-market-cap/  https://twitter.com/robustus/status/1767164377969340419  https://l2beat.com/scaling/data-availability 

18:09 Movers of the Week - Memecoins? https://twitter.com/econoar/status/1767170724446552159  https://twitter.com/blknoiz06/status/1766680047547494658  https://twitter.com/FTI_DA/status/1767969299350610040  https://x.com/RyanSAdams/status/1766827037149343951 

26:40 U.S. CPI rose faster than expected last month https://www.cnbc.com/2024/03/12/cpi-inflation-report-february-2024-.html  26:58 Why are DeFi rates so high? https://twitter.com/ErikVoorhees/status/1766326070545162321  https://twitter.com/haydenzadams/status/1766669255100055866      https://twitter.com/ethena_labs/status/1768023077932380257 

29:33 ETF Watch! https://dune.com/hildobby/btc-etfs  https://dune.com/queries/3382000/5674971      https://twitter.com/zerohedge/status/1768022702294470855  https://twitter.com/JSeyff/status/1767206535879389332  https://twitter.com/jchervinsky/status/1767175990285857006  https://x.com/jchervinsky/status/1767187618876305628  https://x.com/orb_land/status/1767278815791722629 

38:28 Blobs arrived to Mainnet, L2 Fees plummet!  https://x.com/parithosh_j/status/1767973626987606190  https://x.com/RyanSAdams/status/1767913396777767361  https://twitter.com/sproule_/status/1767960271853686879  https://twitter.com/zksync/status/1767983026443579448  https://twitter.com/argenthq/status/1767917028013224370  https://x.com/Optimism/status/1768090982862803203  https://twitter.com/liamihorne/status/1768068293787615288  https://x.com/brian_armstrong/status/1768091017021116562  https://twitter.com/jessepollak/status/1768071129854562698  https://x.com/TrustlessState/status/1768074308482400556  https://x.com/js_horne/status/1768075186824163698  https://fees-growthepie.streamlit.app/  https://x.com/arbitrum/status/1767912321618505954  https://dune.com/0xRob/blobs  https://twitter.com/liamihorne/status/1767962414312521844  https://x.com/lightclients/status/1767957828969349148  https://x.com/TrustlessState/status/1768243873430552801  https://x.com/TrustlessState/status/1762589707756548566 

1:01:59 Swell announced their Restaked Rollup  https://twitter.com/swellnetworkio/status/1767889656451047505 

1:03:00 Tensor introduced the TNSR token https://twitter.com/TensorFdn/status/1767616700609171508 

1:03:25 Jito is getting rid of Mempool?!  https://twitter.com/jito_labs/status/1766228889888514501  https://www.coindesk.com/business/2024/03/08/solana-client-developer-jito-announces-end-of-mempool-function/  https://twitter.com/smyyguy/status/1766234020076011865  https://twitter.com/jon_charb/status/1765923336138211353 

1:08:59 Saylor has no chill https://x.com/MEMECOETH/status/1767690213877252485 

1:10:18 Raises and BVC Investments  https://twitter.com/EclipseFND/status/1767212277285969979  https://twitter.com/clique2046/status/1768277734113907127 

1:12:27 David demo signing up for it while RSA highlights https://open.spotify.com/show/1y0zqrWsFxmCYcTnV7ExUn  We recently celebrated 4 years https://x.com/RyanSAdams/status/1768269073354231826 

1:14:22 MEME of the Week Name kids after what you love https://x.com/abbeyjazzy/status/1767890031824216551 

1:15:27 Moment of Zen https://www.youtube.com/watch?v=B5if2hthPCs  

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

Ethereum's next hard fork is here and we're joined by Tim Beiko from the Ethereum foundation to walk us through and explain what it all means.

He shares a comprehensive guide on each and every EIP along with what comes next, Dencun, Pectra, and beyond. If you want to be up to date with the state of all things Ethereum this is the episode for you. ------ 🏹 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   ⁠ 

🦄UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

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

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

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

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

------ TIMESTAMPS 00:00 Start 04:44 Naming "Dencun" 08:40 Overview on Blobs 11:31 EIP-7514 (Epoch Churn Limit) 14:42 EIP-6780 (Self Destruct) 19:27 EIP-7044 (Signed Voulentary Exits) 20:49 EIP-7045 (Max Attestation Inclusion) 21:49 EIP-4788 (Beacon Block Route) 25:31 Opcode Changes 29:58 What's Next 37:53 Future EIPs 41:37 Max Effective Balance 45:22 Inclusion Lists 50:40 Additional Noteworthy EIPs

------ RESOURCES Tim: https://twitter.com/TimBeiko 

ETH Magicians: https://ethereum-magicians.org/u/timbeiko/summary  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Can we Tokenize the World? Robert Leshner, creator of Compound and one of the forefathers of DeFi, is on a mission to do so.

With his new company Superstate, new product, tokenized t-bills and new location, New York city. Robert is trying to bring $300 trillion in TradFI assets on-chain.

------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi 

------ 🎧 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   

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

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

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

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

00:00 Intro 4:27 Tokenization History 9:46 RWA Problem Statement 14:04 Opening the Door 26:37 Securities Laws 31:50 Tokenizing Treasuries 39:06 Superstate 46:57 Regulatory Constraints 56:01 The Future of RWAs 1:00:36 Pitching TradFi 1:05:13 2030 Prediction 1:06:57 Closing & Disclaimers

------ RESOURCES

Robert Leshner https://twitter.com/rleshner  

Superstate https://superstate.co/  

Superstate - USTB Fund https://superstate.co/ustb  

------ 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  

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-justin-sun 

------ Justin Sun, the Controversial Founder of TRON has finally entered the chat.

This episode is packed with hot takes. Expect to learn why Justin is still in Crypto, why  he should’ve copied Ethereum 100% and not just 95%, why he views Vitalik as a goldmine 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   

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

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

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

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

00:00 Intro 7:17 Justin Sun Origin Story 13:01 Why Crypto? 19:51 The Next Cycle 25:32 Justin’s Role 29:00 The State of Tron 36:36 Tron Economics 47:28 Tron Plagiarism 53:22 Decentralizing Tron 57:03 Addressing Tron’s Censorship 1:03:33 Crypto Favorites 1:05:20 What’s Next 1:09:16 People to Watch 1:14:51 Closing & Disclaimers

------ RESOURCES

Justin Sun https://x.com/justinsuntron 

TRON https://tron.network/  

TRON Stats https://thedefireport.substack.com/p/should-we-be-taking-tron-seriously  

------ 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  

Weekly Rollup 2nd Week of March ----- ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast  ------ BANKLESS SPONSOR TOOLS:

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

🦄UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

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

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

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

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

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

00:46 Fake All Time Highs? https://twitter.com/iamdcinvestor/status/1765320979679699285?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://x.com/RyanSAdams/status/1763324643635835082?s=20 

05:18 MARKETS https://twitter.com/GayatriPC_/status/1765441708383486109?s=20  https://twitter.com/kobeissiletter/status/1763553807298875568?s=46&t=LKBC7Qtm18FnZ380xCF2pA  https://x.com/EricBalchunas/status/1765121689036427654?s=20  https://www.ccn.com/news/bitcoin-etf-gold-btc-aum/  https://twitter.com/AP_Abacus/status/1763264513220964715?s=20  https://twitter.com/EricBalchunas/status/1763910750026793199?s=20 

08:25 Biggest BTC Monthly Candle Ever https://twitter.com/intangiblecoins/status/1763390416307519840 

17:58 ETH ETF? https://twitter.com/EricBalchunas/status/1763910750026793199?s=20  https://twitter.com/jchervinsky/status/1763705594949570757?s=20 

24:05 Rise of The Memecoins https://www.coingecko.com/ 

33:55 SEC vs Shapeshift https://www.sec.gov/files/litigation/admin/2024/34-99676.pdf?utm_medium=email&utm_source=govdelivery  https://x.com/ErikVoorhees/status/1765411276497293365?s=20 

  36:28 Ryan and David Screenplay Acting https://twitter.com/RyanSAdams/status/1765463226781774048?s=20  https://www.sec.gov/news/statement/peirce-uyeda-statement-a-crypto-world-turns-03-06-24   https://x.com/0xdef1cafe/status/1765466419649540269?s=20  https://x.com/TrustlessState/status/1763607417105867050?s=20 

41:12 Wormhole Airdrop https://wormhole.com/w-airdrop-explained/  https://airdrop.wormhole.com/  https://www.bankless.com/claimables?ref=no-address 

47:06 Eigenlayer Passes $1 Billion https://app.eigenlayer.xyz/ 

48:27 Coinbase Smart Wallets https://www.coinbase.com/blog/evolving-wallets-to-bring-a-billion-users-onchain https://twitter.com/jessepollak/status/1763583352391500103  https://x.com/RyanSAdams/status/1765481895448428882?s=20 

52:14 Record CryptoPunk Sale https://warpcast.com/ecr/0x4a44d2a6 

54:19 Saylor Buys More Bitcoin https://twitter.com/JanWues/status/1764788016206286996 

57:17 Permissionless III https://twitter.com/Permissionless/status/1765030038905463132?s=20  https://x.com/JasonYanowitz/status/1765040063086231695?s=20 

59:32 ETH Denver Uber Driver Recap https://twitter.com/moo9000/status/1765321693503832471?s=20 

1:05:29 Moment of Zen https://x.com/songadaymann/status/1765838218388222375?s=20 

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

An in person interview with presidential candidate RFK Jr. who shares his takes and policies on the state of crypto in the United States.

To learn more, visit https://www.kennedy24.com/ 

------ 🏹 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     ⁠ 

🦄UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

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

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

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

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum    ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Ryan and David share another Bankless Takes episode where they discuss their AI memecoin analysis, why AI crypto tokens are a big deal, how to speculate on narratives like AI memecoins (lessons and guidance for “narrative investing”, and what are the next big narratives this cycle. 

------ 🌐 CARTESI | MODULAR EXECUTION ON LINUX  https://bit.ly/3SYkjzF 

------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast 

------ BANKLESS SPONSOR TOOLS:

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

🦄UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

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

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

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

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

------ TIMESTAMPS & RESOURCES

0:00 Intro 4:49 Why is Crypto x AI Narrative a thing?  https://media1.tenor.com/m/q0zcs7G7FogAAAAd/galassia-galassie.gif  https://twitter.com/0xMubeenn/status/1764139946062029212  https://vitalik.eth.limo/general/2024/01/30/cryptoai.html  

10:40 Decentralized AI & Compute  https://x.com/TrustlessState/status/1762318512507208182  https://x.com/anna_kazlauskas/status/1764675698310926459?   https://www.coingecko.com/en/coins/filecoin  https://www.coingecko.com/en/coins/arweave  https://www.coingecko.com/en/coins/renderc  https://www.tradingview.com/chart/?symbol=MEXC%3ATAOUSDT 

20:00 Road to AGI

23:00 AI Memecoins

21:12 Crypto Narrative Guidance  https://twitter.com/0xMubeenn/status/1764139946062029212/photo/4   https://cryptonarratives.substack.com/p/how-to-catch-a-few-20x-to-100x-coins 

46:55 Top Signals 

49:50 Predictions & Closing  https://twitter.com/mrjasonchoi/status/1758902284980027818  

56:51 Disclaimers 

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

Paolo Ardoino is the CEO of Tether, the $100 Billion stablecoin company that owns more U.S. Treasuries than most countries.

We explore why Tether is winning, how it’s helping people in emerging markets and what really backs a $USDT. We also cover the state of the stablecoin regulation and even market competitors.

Tether has been and it’s still a target of Fud in the Crypto industry. Paolo is here to refute that Fud and much more.

------ 🏹 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   

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

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

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

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

00:00 Intro 6:52 Paolo Background 11:01 The History of Tether 15:40 USDT in Emerging Markets 25:30 Why not Bitcoin? 28:25 What’s Backing Tether? 42:25 Banking Risks 54:59 Tether Reserves Breakdown 59:39 Becoming Too Big 1:06:23 The Stablecoin Wars 1:11:18 Freezing Funds 1:13:45 USDT Competitors 1:16:59 Tokenized T-Bills 1:19:55 Tether on Tron 1:24:53 Regulation 1:26:14 The Value of Tether 1:29:10 Closing & Disclaimers

------ RESOURCES

Paolo Ardoino https://twitter.com/paoloardoino 

Tether Transparency Reports https://tether.to/en/transparency/#reports  

Circle’s Caroline Hill on Congress https://twitter.com/Pledditor/status/1758243599446089799  

JPMorgan negative on Tether https://www.theblock.co/post/275643/jpmorgan-tether-negative-crypto  

------ 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 Weekly Rollup Last Week Of February ------ 🌐 CARTESI | MODULAR EXECUTION ON LINUX  https://bit.ly/3SYkjzF  ------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast  ------ BANKLESS SPONSOR TOOLS:

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

🦄UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

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

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

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

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

------ TIMESTAMPS 00:00:00 Start 00:03:26 Bull Market Hype https://twitter.com/ercwl/status/1762873948847440333?s=46  https://x.com/RyanSAdams/status/1762977062225145933?s=20  https://warpcast.com/ssj2/0x365adfd3  https://twitter.com/RyanSAdams/status/1762611219121234165?s=20 

00:12:09 Markets https://twitter.com/balajis/status/1762802897518215405?t=dgPNsdAH9BvMoJNsH8tqVA&s=19  https://twitter.com/jseyff/status/1763069374867427767?s=46  https://twitter.com/matt_hougan/status/1762846266093125793?s=46&t=iahr7Lh5v08SSM_Ery-bGw  https://www.bloomberg.com/news/articles/2024-02-23/ria-carson-group-greenlights-four-spot-bitcoin-etfs-for-retail-buyers  https://www.coindesk.com/business/2024/02/28/morgan-stanley-evaluating-spot-bitcoin-etfs-for-its-giant-brokerage-platform-sources/  https://twitter.com/HHorsley/status/1760763968187154923 

00:20:27 L2 Update https://l2beat.com/scaling/summary 

00:24:39 Coinbase Down https://twitter.com/brian_armstrong/status/1762933446194901140?s=46 

00:25:52 Reddit Buys BTC and ETH https://twitter.com/QwQiao/status/1760767461253628254?s=20  https://twitter.com/econoar/status/1760763758467830016 

00:31:07 Kraken vs The SEC https://twitter.com/DavidLRipley/status/1760829432292405368  https://x.com/RyanSAdams/status/1761123526247916020?s=20  https://twitter.com/jchervinsky/status/1761033870139613514?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://blog.kraken.com/news/introducing-kraken-institutional?utm_source=Twitter&utm_medium=social&utm_campaign=2024_q1_institutional_launch 

00:35:43 Gemini Earn Customers Bailed Out https://twitter.com/geminitrustco/status/1762954631150207226?s=46  https://twitter.com/RyanSAdams/status/1762966619112825249?s=20 

00:39:22 Uniswap Fee Switch https://x.com/UniswapFND/status/1761029569983971567?s=20  https://twitter.com/eek637/status/1761029351263318151?s=46&t=LKBC7Qtm18FnZ380xCF2pA  https://twitter.com/TheiaResearch/status/1761077943563104613  https://twitter.com/mrjasonchoi/status/1761048443756421259?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

00:49:16 Dencun Updates https://twitter.com/timbeiko/status/1762492163869614411?s=46&t=2SMKWt7-hlJuSdhYSlImeQ  https://twitter.com/RyanSAdams/status/1762849105481441405?s=20 

00:52:46 Blast Mainnet Launch https://x.com/Blast_L2/status/1762274684316405908?s=20 

00:53:52 Coinbase Validator Report https://www.coinbase.com/cloud/discover/insights-analysis/execution-client-diversity 

00:55:41 Lens Protocol is Permissionless https://x.com/LensProtocol/status/1762591256381927799?s=20 

00:58:38 Uncovering Satoshi https://twitter.com/pete_rizzo_/status/1761040089075888292?s=20 

01:02:06 Avalanche Goes Down https://status.avax.network/ 

01:02:35 Donald Trump Crypto Take 01:04:07 Liz Warren Take https://twitter.com/twobitidiot/status/1762612018312315069?s=20 

01:06:52 Bankless Meetup https://x.com/banklesshq/status/1763247319951007923?s=46  https://x.com/mheinrich/status/1762990723992092796?s=20 

01:08:33 Raises https://x.com/bounce_bit/status/1762874894520656120?s=20  https://twitter.com/ether_fi/status/1762841187356979302?s=46 

Meme of The Week https://twitter.com/greg16676935420/status/1759688234672505103?s=20 

01:14:24 Moment of Zen https://www.instagram.com/reed_harrington23?igsh=aWlla2d4N3A0bjc0 

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

Chris Perkins has a fascinating background as a marine who was shot at in Iraq, was at Lehman bros when it all came crashing down, was a Citigroup trying to pick up the piece of the financial crisis where he first ran across Gary Gensler, and now he’s in crypto. We talk about all that, but that’s not even the main event.

The Main Event is Ether the asset and a new reference rate he’s building on top of it. This sounds in the weeds but it’s actually actually key to unlocking trillions in new financial products. You might call this new rate the Libor for ETH. 

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------ TIMESTAMPS 00:00:00 Start 00:11:33 Intro to Chris 00:13:17 From Banks To Crypto 00:16:27 Hostility Towards Crypto 00:19:16 National Security 00:25:23 Takes on Regulation 00:31:12 TradFi Response To Crypto 00:33:58 ETH ETF 00:37:24 Libor for ETH? 00:42:43 Libor Recap 00:45:35 How Was Libor Corrupted? 00:53:21 ETH Reference Rate 01:04:13 Risk Free Rate 01:10:08 Real vs Nominal Returns 01:21:51 DeFi Applications 01:26:01 Market Size 01:33:17 Going Forward

------ RESOURCES

CESR home page:  https://www.coindesk.com/indices/ether/cesr  CESR methodology document:  https://coinfund.io/cesr/  CESR Tearsheet: https://downloads.coindesk.com/cd3/CDI/CESR+Fact+Sheet.pdf 

More Reading: https://www.coindesk.com/consensus-magazine/2023/09/26/how-staking-rates-can-drive-the-crypto-economy-forward/  https://www.coindesk.com/business/2023/09/27/five-reasons-why-the-world-needs-a-standardized-ethereum-staking-rate/  https://www.risk.net/derivatives/7957405/new-hope-for-crypto-derivatives-as-markets-urged-to-hail-cesr 

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