Bankless

Tune in to hear Ryan and David share their 2023 crypto predictions on all major areas of crypto: Bitcoin, Ethereum, prices, Alt L1s, L2s, NFTs, regulation, and so much more.

Also, major-major-major Bankless alpha leak towards the end of the show that you will not want to miss. Trust, anon.

For the last time this year, Happy New Year.

------ Osmosis | Your Gateway into the Cosmos Ecosystem www.osmosis.zone/bankless 

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UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

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

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi 

------ Timestamps:

0:00 Intro 6:45 Bitcoin https://buybitcoinworldwide.com/halving/  https://nostr.com/  16:20 Ethereum https://twitter.com/protolambda/status/1608870249704861696  https://twitter.com/protolambda/status/1608870266582749191  https://twitter.com/protolambda/status/1608870312090955777  https://twitter.com/protolambda/status/1608870317430308865  https://ultrasound.money/  25:22 Prices https://www.kraken.com/prices/bitcoin?quote=usd&interval=1w  https://www.kraken.com/prices/ethereum?quote=usd&interval=1w  https://www.kraken.com/prices/ethereum?quote=btc&interval=1w  34:20 Alt L1s https://www.coingecko.com/en/categories/smart-contract-platform  40:10 L2s https://www.coingecko.com/en/coins/polygon  https://www.coingecko.com/en/coins/optimism  https://arbitrum.io/  https://www.coingecko.com/en/coins/starknet  https://l2beat.com/scaling/activity  https://twitter.com/ercwl/status/1609804900472619009  50:14 NFTs https://nftpricefloor.com/  58:24 CeFi 1:04:55 SEC + CFTC Standoff https://imgur.com/3ixtonT  https://www.cftc.gov/PressRoom/PressReleases/8590-22  https://www.coindesk.com/business/2022/12/13/us-judge-in-ooki-dao-trial-orders-cftc-to-serve-original-founders-with-lawsuit/  1:10:50 Bankless https://www.youtube.com/channel/UCCRxYlYOmLE2l5wxs3ckJtg  1:16:05 What Ryan and David are Bullish on 1:22:26 Closing & Disclaimers

------ Resources:

Bankless 2023 Predictions https://newsletter.banklesshq.com/p/bankless-2023-predictions 

----- 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 | Unpacking the Episode: https://shows.banklesshq.com/p/liv-boeree  ------ Liv Boeree is a former professional poker player, master of game theory, systems thinker, and keen understander of the world of complex systems and the human experience.

She also is one of the few people out there in the world teaching about the lessons of Moloch— the study of human coordination—and is the reason why we wanted to have her on Bankless.

In the episode, Liv makes it clear how Moloch is more than an idea. Coordination and competition failures are happening in every aspect of our lives. Is crypto the solution?

------ 📣 Osmosis | Your Gateway into the Cosmos Ecosystem www.osmosis.zone/bankless 

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe 

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🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

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

🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi 

------ Topics Covered

0:00 Intro 8:24 Getting to Moloch 14:25 Meditations on Moloch 17:30 Defining Moloch 19:40 Unhealthy Competition or Coordination Failure 25:00 Nuclear Proliferation 26:30 Cancer 27:58 Moloch’s Ancient Analogy 31:18 Centralization 36:10 The Prisoner’s Dilemma 38:50 When Moloch is the Most Dangerous 43:50 How to Slay Moloch 52:10 Capitalism 59:44 Defining Moloch Cont. 1:02:20 Changing the Underlying Systems 1:08:20 Crypto & Coordination 1:15:15 Moloch’s All the Way Down 1:18:15 Moloch Isn’t One Thing 1:20:00 Better System Design 1:27:23 Crypto’s Moloch Problem 1:32:32 Moloch Takeaways 1:34:42 Liv’s Personal Moloch Connection 1:37:02 Closing & Disclaimers

------ Resources:

Liv on Twitter https://twitter.com/Liv_Boeree 

The Evolution of Trust https://ncase.me/trust/ 

Meditations on Moloch https://slatestarcodex.com/2014/07/30/meditations-on-moloch/ 

The Goddess of Everything Else https://slatestarcodex.com/2015/08/17/the-goddess-of-everything-else-2/ 

Moloch - The Beauty Wars https://www.youtube.com/watch?v=fifVuhgvQQ8 

Ethereum Slayer of Moloch https://newsletter.banklesshq.com/p/ethereum-slayer-of-moloch- 

Previous Bankless Podcast: Slaying Moloch https://www.youtube.com/watch?v=903tHM4RA9k 

----- 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 1st Week of 2023

------ 📣 Osmosis | Your Gateway into the Cosmos Ecosystem www.osmosis.zone/bankless 

------ 🚀 JOIN BANKLESS PREMIUM:  https://newsletter.banklesshq.com/subscribe 

------ BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

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

🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi 

——— 0:00 Intro

9:00 MARKETS 11:00 2022 in Review 15:00 Decline from All Time High https://www.reddit.com/r/wallstreetbets/comments/zyphch/the_2022_bear_market_in_context/  https://twitter.com/WatcherGuru/status/16089343695358812161  17:00 Inflation https://twitter.com/michaeljburry/status/1609767590494371840  18:40 Liquid Staking Derivatives https://imgur.com/NJtjom5P  21:40 ETH Staking 24:00 Arbitrum Size https://twitter.com/SizeChad/status/1608638568339243011 

28:00 SBF Denies https://twitter.com/SBF_FTX/status/1608908562851598336  30:42 Pleading Not Guilty https://www.theblock.co/post/198982/bankman-fried-pleads-not-guilty-to-criminal-charges  https://www.coindesk.com/consensus-magazine/2023/01/04/why-did-sam-bankman-fried-plead-not-guilty/ 

35:00 Winklevoss vs Barry Silbert https://twitter.com/cameron/status/1609913051427524608  37:55 SEC Investigation https://twitter.com/AP_Abacus/status/1610706188093607937 

38:30 Celsius Customers https://twitter.com/kadhim/status/1610706613207285773  40:20 New York Suing Celsius https://twitter.com/NewYorkStateAG/status/1611023481285578752 

44:00 Eric Wall’s Predictions https://twitter.com/ercwl/status/1609798030814748672   52:50 Bankless Predictions https://newsletter.banklesshq.com/publish/post/94677142 

1:05:30 Forking Optimism https://twitter.com/stonecoldpat0/status/1610443274367426561  1:06:16 Zombie Punk Sold https://twitter.com/cryptopunksbot/status/1609004341112733697  1:07:20 Bullying NFTs https://twitter.com/pcgamer/status/1610229116283883521  1:10:45 BTC Dev Hack https://cointelegraph.com/news/bitcoin-core-developer-claims-to-have-lost-200-btc-in-hack  1:12:45 Cuba NFT Embargo https://cointelegraph.com/news/opensea-blocks-cuban-artists-from-the-platform-due-to-u-s-sanctions 

1:13:05 Jobs https://pallet.xyz/list/bankless/jobs 

1:14:00 Inner Circle Discord https://newsletter.banklesshq.com/?utm_source=banklessshowsyt 

1:16:15 Questions from the Nation

1:23:00 TAKES 1:23:25 Money Lego https://twitter.com/taha_crypto1/status/1608548726930567168  1:24:00 Ossification https://twitter.com/domothy/status/1609584446545575937  1:26:45 Not Journalists  https://twitter.com/RyanSAdams/status/1610809232621723655 

1:29:36 What David’s Bullish On https://twitter.com/TrustlessState/status/1610475293537443840  https://twitter.com/TrustlessState/status/1610826559207706625  https://www.youtube.com/watch?v=tMeny9Jlp9Q 

1:35:00 What Ryan’s Bullish On https://www.joinfire.xyz/  https://app.uniswap.org/ 

1:37:22 MEME of the Week https://twitter.com/stockmart_/status/1610416315608473600 

----- 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 

Yesterday, on the show we had lawyer Brian Frye, who gave us novel takes securities. You can find that episode here: https://youtu.be/jo1ZuhuCVZE 

In today's episode, David continues down the securities rabbit hole with special guest Mike Selig. Mike is a crypto lawyer at Willkie Farr & Gallagher, former a regulator at the CFTC and a frequent contributor to Coindesk about the state of crypto regulation.

------ Osmosis | Your Gateway into the Cosmos Ecosystem www.osmosis.zone/bankless 

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------ BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 

UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

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

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi 

------ Topics Covered:

0:00 Intro 5:35 Mike's Background 6:55 Why Securities 10:20 Investing Contract 13:00 Where's the Line? 20:11 Asset vs. Schemes 24:38 SEC Regulation 29:00 NFTs as Membership 36:48 2023 Regulation 42:51 SEC vs. CFTC 47:25 The Solution to Security Laws 50:40 Centralization 55:10 Current SEC Administration 1:01:30 Decentralization Theatre 1:04:50 Closing & Disclaimers

------ Recources:

Mike Selig https://mobile.twitter.com/mikeseligesq 

----- 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 

David has been obsessed with this topic for the last couple weeks. It's time to get to the bottom of this: Are NFTs securities?

On the way down this rabbit hole, we found lawyer Brian Frye, who has some fascinating and novel takes on this very issue. 

Brian is a law professor at the University of Kentucky, and recently wrote an article in Coindesk titled “NFTs Are Securities and It’s Great.” 

------  Osmosis | Your Gateway into the Cosmos Ecosystem www.osmosis.zone/bankless 

------  SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  ️ SUBSCRIBE TO PODCAST:                 https://availableon.com/bankless 

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KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 

UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

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

 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi 

------ Topics Covered:

0:00 Intro 7:30 Are All NFTs Securities? 14:00 Triggered by the Word 19:30 Trolling the SEC 29:20 A Really Good Tool 36:00 New Securities 44:55 Use a Different Term 53:30 Creative Assets 1:01:00 Copyright Law and Clout Sales 1:09:30 A Medium of Value Capture 1:14:00 Public Goods 1:19:00 Closing

------ Recources:

Brian Frye https://twitter.com/brianlfrye 

After Copyright: Pwning NFTs in a Clout Economy https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971240 

Securities Spectrum: https://imgur.com/8jt6OZ1 

NFTs are Securities and It's Great https://www.coindesk.com/consensus-magazine/2022/12/28/nfts-are-securities-and-its-great/ 

----- 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 | Unpacking the Episode: https://shows.banklesshq.com/p/debrief-erik-voorhees-why-are-we-here 

------ Erik Voorhees is a crypto veteran of veterans. He’s one of the greatest advocates of open and permissionless systems that we have in this space.

In this episode we talk about his legendary debate with SBF—this is the first time we’ve caught up with him since. What are his reflections now? We also dive into how this bull/bear cycle is similar and different from previous ones, how do we preserve crypto’s core principles, and most importantly—why are we here? Why crypto? Why now? Why stay?

Erik doesn’t waste a word in this episode. Happy New Year everyone. Let’s keep building.

------ 📣 Kraken | The Crypto Exchange for Everyone http://k.xyz/bankless-pod 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/bankless 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

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

------ Topics Covered

0:00 Intro 6:17 Where Did Crypto Go Wrong? 8:43 Crypto Labels 12:30 Responsibility 14:26 Accountability 18:19 FTX Collapse From Erik’s POV 24:05 SBF’s Headspace 28:45 Potential Alternative Realities 30:50 SBF’s D.C. Relationship 34:47 Was this Cycle Unique? 38:58 Lessons From Past Cycles 43:36 Learning Through the Pain? 48:33 Why is Individual Empowerment Correct? 50:20 Coordination & Order 54:26 Power 1:02:22 The U.S. Constitution 1:07:13 Code Enforcement 1:08:07 Why Are We Here? 1:09:49 Baked-In Crypto Principles 1:13:03 Perserving Core Crypto Values 1:16:48 Is Erik Radical? 1:21:44 Will Crypto Ever Go Mainstream? 1:25:53 Cycle Common Denominators 1:28:19 Bear Market Advice 1:29:31 Erik’s Bull Market Forcast 1:32:00 Action Items & Disclaimers

------ Resources:

SBF vs Erik Voorhees episode https://youtu.be/Ytaa_5liwMA 

A Response to SBF and Principled Crypto Regulation https://www.moneyandstate.com/blog/response-to-sbf 

Sophistry and the Savior https://www.moneyandstate.com/blog/sophistry-and-the-savior 

24 - Exploring the Frontier | Erik Voorhees https://youtu.be/rLsOHOvUOpM 

----- 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 

Last Week of 2022

------ 📣 Kraken | The Crypto Exchange for Everyone http://k.xyz/bankless-pod 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/bankless 

------ BANKLESS SPONSOR TOOLS:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

------ Topics Covered

0:00 Intro 1:55 Kraken

2:54 MARKETS 3:00 BTC Price 5:15 ETH Price 5:25 ETH/BTC 9:39 Yearly Candles https://imgur.com/uMwOO7F  https://imgur.com/2Yzrr8M  https://imgur.com/4k44ep3  14:16 Amazon and Tesla https://imgur.com/YXxXphI  17:12 COIN https://imgur.com/gdHapjc  19:50 SOL https://twitter.com/hentaiavenger66/status/1608034523190640640  https://twitter.com/hedgedhog7/status/1608125232350629888  22:10 HEX https://twitter.com/TrustlessState/status/1608488903992029186  22:25 RPL vs LDO https://twitter.com/BenGiove/status/1608216011517603840  24:15 Winner of the Year https://www.coingecko.com/en/coins/gmx  24:55 RAI Stability https://twitter.com/reflexerfinance/status/1584650507347406848 

28:54 State of Solana https://imgur.com/vvTyhAe https://imgur.com/gwLFyj7 37:00 Solana TVL Down https://twitter.com/shegenerates/status/1608197123257901056  40:00 Vitalik https://twitter.com/VitalikButerin/status/1608591727316684804 

40:40 State of Multicoin https://twitter.com/DrSoldmanGachs/status/1607877120239497219  https://twitter.com/KyleSamani/status/1457317165661622275 

43:35 State of L2s https://newsletter.banklesshq.com/p/the-l2-year-in-review 

49:04 NEWS 49:05 Taiko https://twitter.com/taikoxyz/status/1607789733194891266  50:20 Most Popular SOL NFT Project Moving to ETH https://twitter.com/degodsnft/status/1607156858019794944 

51:11 Pudgy Penguins having a Good EoY

51:45 China Opens State-Approved NFT Marketplace https://www.coindesk.com/web3/2022/12/28/china-to-launch-first-national-digital-asset-marketplace/ 

53:22 MicroStrategy Purchases 2,500 Bitcoin ($41M) https://twitter.com/WatcherGuru/status/1608100195010494466  https://blockworks.co/news/microstrategy-bitcoin-wash-trading-tax-harvesting 

54:45 Another Miner Bites the Dust https://www.coindesk.com/business/2022/12/27/argo-blockchain-suspends-us-share-trading-for-24-hours/ 

57:05 Gemini Sued Over Gemini Earn https://www.coindesk.com/business/2022/12/28/crypto-exchange-gemini-sued-by-investors-over-interest-earning-program/ 

57:45 Avi Arrested https://twitter.com/SummersThings/status/1607861933322952709  https://www.coindesk.com/policy/2022/12/27/mango-markets-exploiter-eisenberg-arrested-in-puerto-rico/  https://twitter.com/avi_eisen/status/1581326197241180160 

1:03:50 Questions From The Nation

1:11:50 TAKES 1:11:59 When Will Bear End? https://twitter.com/DegenSpartan/status/1607215848519008263  1:13:45 Sasssal, Please Rate Each Tweet https://blockworks.co/news/crypto-twitter-most-liked-tweets 

1:21:35 MEME of the Week https://twitter.com/Sule8921/status/1607856004535820288 

1:25:30 Moment of Zen https://twitter.com/itsk1cks/status/1608139751063691264 

----- 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 

A lot has changed since our previous "Bull Case for Ethereum” episode. Our fourth installment comes at one of the most pivotal moments in crypto's history. The industry is still reeling from the collapse of FTX and macro uncertainty looms. But with the merge behind us and so much to look forward to on the Ethereum roadmap it's still hard not to be bullish. What's 2023 going to look like? Justin Drake, DC Investor, and Anthony Sassano give us their bull case for the new year and beyond.

------ 📣 Kraken | The Crypto Exchange for Everyone http://k.xyz/bankless-pod 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/bankless 

------ BANKLESS SPONSOR TOOLS:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

------ Topics Covered

0:00 Intro 7:09 Ethereum’s Original Promises 13:02 Promise Critiques 14:55 2022 Sentiment 27:41 ETH’s Risk to Reward Justification 35:58 ETH 2018 vs. Now vs. SOL 49:39 Bullish Ethereum Roadmap 55:05 EVM & zkEVM Concerns 1:00:07 MEV & Censorship 1:04:13 Post-Quantum 1:08:29 Zooming Out on the Roadmap 1:18:27 Market Opportunity 1:40:10 Timeline 1:44:30 What DCinvestor is Doing 1:48:28 Sassal’s Closing Thoughts 1:51:41 Closing & Disclaimers

------ Resources:

Justin Drake https://twitter.com/drakefjustin 

DC Investor https://twitter.com/iamDCinvestor 

Anthony Sassano https://twitter.com/sassal0x 

Bull Case for Ethereum l - https://youtu.be/6v2VRvxbfnw  ll - https://youtu.be/85M3yGvzCe4  lll - https://youtu.be/wVVfYuUsPu4 

----- 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 

December 23, 2022 

------ 📣 Kraken | The Crypto Exchange for Everyone http://k.xyz/bankless-pod 

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------ BANKLESS SPONSOR TOOLS: 

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB  https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM  https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

------ Topics Covered

0:00 Intro 2:13 Kraken

3:40 MARKETS 9:00 DeFi Growth https://dune.com/danning.sui/dex-users-across-chains  9:50 Scaling Vector https://twitter.com/l2beat/status/1605226968844320768  11:18 MakerDAO Revenue https://twitter.com/liamellul/status/1603820633850228736  13:10 Bear Market Behavior https://twitter.com/RyanSAdams/status/1605931718124478466  19:55 Coinbase Valuation https://twitter.com/Matt_Hougan/status/1605317841594490881 

23:30 SBF in the USA https://twitter.com/jchervinsky/status/1605756013159686144  25:15 Bahaman Jail https://decrypt.co/117557/imprisoned-bankman-fried-may-relent-in-extradition-fight-reports  26:00 New York City https://nypost.com/2022/12/21/sam-bankman-fried-handed-over-to-us-authorities-heading-to-ny/  26:30 Caroline & Gary https://www.coindesk.com/policy/2022/12/22/alameda-chief-caroline-ellison-ftxs-gary-wang-plead-guilty-to-fraud-charges/  27:30 Finding Billions https://thedefiant.io/ftx-finds-1b  29:10 Clawbacks https://www.theguardian.com/business/2022/dec/20/ftx-seeks-to-claw-back-donations-to-politicians-and-charities 

31:42 Brian Armstrong Proposal https://twitter.com/RyanSAdams/status/1605222605258194945 

36:25 Visa Payments https://twitter.com/catgu_/status/1604896035616264205 

41:30 NEWS Uniswap x Moonpay - https://twitter.com/Uniswap/status/1605251408155906048  42:30 Ren in Danger https://blockworks.co/news/alameda-backed-ren-warns-crypto-could-be-lost-as-platform-shuts-down  45:40 ETHGlobal https://ethglobal.medium.com/announcing-the-2023-ethglobal-season-3cc1960de7b4  46:30 Trump NFTs https://twitter.com/RyanSAdams/status/1604567784968667136  51:35 Reddit NFT Volume https://twitter.com/GiancarloChaux/status/1605034007644643328  52:15 Wash Trading https://twitter.com/hildobby_/status/1603763322012041217  54:10 Christies Down Bad https://www.theblock.co/post/196568/auction-house-christies-nft-sales-fell-96-in-2022  55:10 Bankless Collectibles https://collectibles.bankless.com/ 

56:24 Core Scientific Bankruptcy https://www.theblock.co/post/196884/bitcoin-miner-core-scientific-set-to-file-for-chapter-11-bankruptcy-protection-cnbc  58:35 Binance Buying Voyager https://www.cnbc.com/2022/12/19/binance-to-acquire-voyager-assets-weeks-after-ftx-deal-fell-through-bankruptcy.html  1:00:48 Banning Crypto https://thehill.com/homenews/sunday-talk-shows/3779731-senate-banking-chairman-says-maybe-to-cryptocurrency-ban/ 

1:02:25 Jobs https://pallet.xyz/list/bankless/jobs 

1:05:00 TAKES Wells Fargo - https://twitter.com/GRDecter/status/1605220493564514305  Meme - https://twitter.com/Reflog_18/status/1605269193795960833  1:11:20 Binance Account https://twitter.com/RyanSAdams/status/1605207334191513601 

1:14:00 What David’s Bullish On 1:16:30 What Ryan’s Bullish On

1:20:25 MEME of the Week https://pbs.twimg.com/media/FkjsYMMXkAI3Mfl?format=jpg&name=medium 

----- 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 

✨ THESIS FOR 2023:

https://messari.io/crypto-theses-for-2023 

—— Ryan Selkis is presenting his Crypto Theses for 2023 on today’s State of the Nation.

Every year, Ryan publishes a massive document that wraps up the year in the industry, and looks forward to what’s coming next.

After an insane 2022, what does 2023 hold in store? Ryan Selkis of Messari brings the answers.

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------ Topics Covered

0:00 Intro 7:00 Pain 10:05 Crypto is Still Inevitable 16:00 Surviving Winter, Redux 20:10 Who to Watch 26:30 How People Fall 32:20 CeFi Contagion 40:30 Institutional Capital 47:00 SEC vs ETF 51:30 SBF and Crypto Policy 1:03:00 Bitcoin 1:07:40 Smart Contracts 1:11:45 ETH Killers 1:15:00 DeFi Trends 1:19:30 DAOs and NFTs 1:24:00 Back to Crypto 1:26:30 The Block and Crypto Media

------ Resources:

Crypto Theses for 2023 https://messari.io/crypto-theses-for-2023 

Ryan Selkis https://twitter.com/twobitidiot 

Messari https://messari.io/ 

----- 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