Bankless

Second Week of July, 2022

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS: 

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro

4:48 MARKETS 7:15 Inflation https://www.wsj.com/amp/articles/us-inflation-june-2022-consumer-price-index-11657664129  Price Increases: https://twitter.com/charliebilello/status/1547198607539011585?s=21&t=e457gZL25lgi6P0Wx43tNQ  9:15 The Dollar Index https://imgur.com/MKEuGPM  11:25 The Market Reacts https://twitter.com/NorthmanTrader/status/1547320884339286018?s=20&t=F5_D0tthgHnIzI-Wrx0zfA  12:15 Long Term Debt Cycle https://twitter.com/RyanSAdams/status/1547063441894023168?s=20&t=0fcQASOqnFpj3VikLD0-qQ  15:18 Leverage and IRS Returns https://twitter.com/kofinas/status/1547585564253122560?s=20&t=lAdodYBFhqn3zSG4739A7w  https://twitter.com/typesfast/status/1547266090794831874?s=21&t=xVDAGNuF4hUXNheiY0iB2g  17:28 JPY and BTC https://twitter.com/CryptoHayes/status/1547539513970393089?s=20&t=vi3nXg-hLmfTeAefjmZFUw  https://twitter.com/kylewaters_/thread/1537183959217414144  19:30 DeFi Treasuries https://twitter.com/darrenlautf/status/1547324258514239489?s=21&t=6UH6BaCJc3hdWyoyi1NzDQ  20:50 Lido Domination https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F44a82f74-2a92-444e-98ba-d5a4a0d3c17a_1920x1289.jpeg 

22:00 NEWS 24:30 Celsius Bankruptcy https://www.coindesk.com/business/2022/07/14/celsius-files-for-chapter-11-bankrupcty/  26:30 Celsius DeFi Debts https://twitter.com/RyanSAdams/status/1546924519419514880?s=20&t=DN25Do0S6J6ryEtNdeModg  27:48 Celsius 0xb1 Jason Stone https://twitter.com/0x_b1/thread/1545153652624691200  32:02 Celsius Money Back? https://twitter.com/RyanSAdams/status/1547571532687233024?s=20&t=yTl4oCOBI1yUQX0xhWsKXg 

33:00 Su Zhu and StarkWare https://twitter.com/zhusu/status/1546801270014758912?s=20&t=FD5wGwnHHtH6tJZsSNO0gw  36:30 StarkWare Token https://twitter.com/StarkWareLtd/status/1547223754832478209?s=20&t=Bf47hQ2qfHbtscx3jiCxvg 

41:30 Vitalik’s New Book https://twitter.com/RyanSAdams/status/1545164294576283649?s=20&t=-oHiYIQR90FvxeAe2F7O0A  44:30 GHO Aave Stablecoin https://thedefiant.io/aave-gho-stablecoin/  49:30 Polygon, Robinhood, Disney Accelerator https://twitter.com/0xPolygon/status/1545022519400271872  https://twitter.com/0xPolygon/status/1547253982133100544  51:04 ENS Domains https://twitter.com/twofivedev/thread/1546505824389963778  56:15 Bill Murray Cool Cat https://twitter.com/coolcatsnft/status/1546705413973966848?s=20&t=Nk6-jMtAwzwtwtE9Ffw2tg  58:30 Gamestop NFT Marketplace https://twitter.com/finestonematt/status/1546917601133076482?s=21&t=KuNjhiGmmcKTyzoZ20uqyg  1:00:38 Michael Saylor Bitcoin https://cointelegraph.com/news/btc-bull-michael-saylor-ethereum-is-obviously-a-security  https://twitter.com/RyanSAdams/status/1546615920046514176?s=20&t=CJ2FC1QB7CkOR_rknfeM0w 

RELEASES 1:05:18 sudoAMM https://twitter.com/sudoswap/status/1545535663365165063?s=20&t=z4VF_2nZTstIdLHW3fR9AQ  1:06:30 LensTube https://twitter.com/lenstubexyz/status/1546533325442932737 

RAISES 1:07:15 Lightspeed $7 Billion https://www.theblock.co/post/157116/lightspeed-raises-over-7-billion-across-four-funds-launches-new-crypto-native-team  1:07:35 Multicoin $430m Fund https://techcrunch.com/2022/07/12/crypto-focused-multicoin-capital-launches-430m-venture-fund/  1:08:43 LiFi Router https://twitter.com/lifiprotocol/status/1546488975174422530  1:09:34 Chris Dixon Forecaster https://twitter.com/cdixon/status/1546890612393140225  1:10:52 Gnosis Safe https://safe.mirror.xyz/zMPp8uqZpxKgeXotSFv76bd2G8lJTmghH1FDWFm604c  1:12:07 Jobs https://pallet.xyz/list/bankless/jobs 

1:14:50 Questions from the Nation https://twitter.com/BanklessHQ/status/1547250346677903361  1:15:56 PoS Wealth https://twitter.com/mefford_jeremy/status/1547301425088266241?s=20  1:22:35 David and Carbs https://twitter.com/RyanSAdams/status/1547251457505869824?s=20&t=LZA3X8WFziRxIq4qlaQA-g  1:26:15 The DeFi Dance https://twitter.com/TrustlessState/status/1546166031890219009?s=20&t=4cEZgAZiUgjHLyHCtdpcUQ 

TAKES 1:28:15 Spicy Vitalik https://twitter.com/VitalikButerin/status/1546776356083699712?s=20&t=Oa-t7XlX_fuXyE4sBNpxCg  1:30:00 Become a Millionaire https://twitter.com/TrustlessState/status/1544871855370149889?s=20&t=l7IqrAmRyWavzjdYP7Lk9w  1:31:20 DeFi Worked Great https://panteracapital.com/blockchain-letter/defi-worked-great/ 

1:31:55 What David’s Bullish On 1:33:05 What Ryan’s Bullish On https://www.nasa.gov/image-feature/goddard/2022/nasa-s-webb-delivers-deepest-infrared-image-of-universe-yet 

1:36:50 MEME of the Week https://twitter.com/enjoyoor/status/1545432411630084097?s=21&t=ZOhA6SUWEtnR4i2KOj-e3w 

----- Not financial or tax advice. https://newsletter.banklesshq.com/p/bankless-disclosures 

Solana just released a flagship Android phone for web3 called Saga. And it really begs the question: does a blockchain need to have its own phone? Well, we brought on Co-Founders Anatoly Yakovenko and Raj Gokal to make the case.

Let us know what you think about this release in the comments below or on Twitter @BanklessHQ - bullish or bearish Saga and why?

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Timestamps:

0:00 Intro 6:15 Bear Market Vibe Check 10:03 Solana’s Bear Market Agenda 14:28 Why Web3 Needs a Phone? 17:30 Solana Mobile Phone Explained 25:52 The Solana Mobile Thesis 30:50 Mobile Hardware Features 33:45 Mobile Wallet Adapter 36:15 Solana dApp Store 41:40 Is Solana Mobile a Distraction? 47:00 Jason Keats & Osom 50:45 Describing the Solana Mobile Device 51:32 Competitors 54:40 Costs to Launch a Phone 56:32 Solana Centralization Critique 1:03:50 Solana Scalability

------ Resources:

Anatoly Yakovenko https://twitter.com/aeyakovenko 

Raj Gokal https://twitter.com/rajgokal 

Solana https://solana.com/ 

Solana Mobile https://twitter.com/solanamobile 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/127-lyn-alden-debrief 

Lyn Alden is the Founder of Lyn Alden investment strategy and is a leading expert in macro markets. She focuses on long-term debt cycles and how it’s impacting crypto, fiat, bonds, and equities markets. This is Lyn’s third appearance on Bankless. Each time she’s on, it usually means something is breaking in the macro markets. And something definitely is.

Lyn thoroughly explains everything from whether we’re repeating history to what would turn this recession into a depression to whether or not we’re going to be okay. Don’t worry, Lyn shares her advice on how to be exactly that and more.

Her superpower is to provide clarity during unclear times and this episode is no different.

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 6:12 Is this the End? 11:08 Debt Cycle Arc 15:40 The Dollar Milkshake Theory 20:05 Historial Analogs 30:35 How Do We Get Stable? 38:30 Weak Market Links 48:24 Raising Rates 55:03 Deflation & Softer Landings 1:00:19 Fed Meme & Competency 1:07:52 Recession vs. Depression 1:13:06 Markets to Watch 1:18:15 Are We Going to be Okay? 1:22:58 Energy, Food, & Fertilizer Markets 1:29:21 The New Normal 1:36:02 Mental Health 1:38:37 Closing & Disclaimers

------ Resources:

Lyn Alden https://www.lynalden.com/ 

The Death of the Dollar Dominance https://youtu.be/_Kqcrz3u8rQ  Inflation in 2021 https://youtu.be/dyDsQ-XCoNo 

Fed Meme https://twitter.com/cobie/status/1542562195573297153 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

First Week of July, 2022

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS: 

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro

3:30 MARKETS 6:50 Macro Sentiments https://twitter.com/KobeissiLetter/status/1543591588970070016  8:35 Dollar Go Up https://www.bloomberg.com/news/articles/2022-07-05/euro-falls-to-lowest-since-2002-against-the-us-dollar  10:35 Oil Go Down https://www.cnbc.com/2022/07/05/oil-tumbles-more-than-8percent-breaks-below-100-as-recession-fears-mount.html  12:38 USDC Gains on Tether https://cointelegraph.com/news/circle-s-usdc-on-track-to-topple-tether-usdt-as-the-top-stablecoin-in-2022  17:20 ENS June Numbers https://twitter.com/ensdomains/status/1542989987456569344?s=20&t=W7lXFFpRefHsFfMCuRqDeg 

21:30 Voyager Goes Bust https://www.investvoyager.com/  24:00 What Happened? https://www.investvoyager.com/pressreleases/voyager-digital-provides-update-on-asset-and-risk-management  25:30 The 3ac Plunge https://seekingalpha.com/news/3850830-voyager-digital-stock-plunges-after-disclosing-over-660m-exposure-to-three-arrows-capital  31:20 Three Arrows Capital Bankruptcy https://www.theblock.co/linked/155578/three-arrows-capital-files-for-chapter-15-bankruptcy-in-new-york?utm_source=twitter&utm_medium=social   34:20 Three Arrows NFTs

37:05 Nexo Eating Vauld https://www.theblock.co/post/155790/nexo-vauld-offer-potential-acquisition?utm_source=substack&utm_medium=emailhttps://www.theblock.co/post/155790/nexo-vauld-offer-potential-acquisition  39:00 FTX Acquires BlockFi https://blockworks.co/ftx-reaches-deal-to-acquire-blockfi-for-up-to-240m/  42:40 Celsius WBTC Vault https://twitter.com/cryptoworldjosh/status/1545024254735171584?s=21&t=z-kyYYLrQC-2xDEuQnAiRw 

47:00 Sepolia Merge https://www.theblock.co/post/156013/ethereum-developers-activate-the-merge-on-sepolia-testnet  50:00 Facebook NFTs https://decrypt.co/104205/facebook-begins-testing-ethereum-and-polygon-nfts-on-profiles  52:07 Solana Phone https://solana.com/news/saga-reveal  54:20 Polygon Phone https://twitter.com/MihailoBjelic/status/1544019899827322880?s=20&t=mYQvkX_SFA5r5y9SZHusfA  56:24 Immutable Off-Ramp https://twitter.com/Immutable/status/1544155189166641152?s=20&t=MfDRmaNg_eBYYrHOnKPltw  58:00 Reddit NFT Marketplace https://www.reddit.com/r/CollectibleAvatars/comments/vtab05/introducing_collectible_avatars/  59:45 Moonbirds Go Up https://twitter.com/jerrykestel/status/1544016979140427782  1:00:45 Axie Hack Story https://www.theblock.co/post/156038/how-a-fake-job-offer-took-down-the-worlds-most-popular-crypto-game  1:02:30 Uprise Big Oof https://twitter.com/TheBlock__/status/1544674260152733697?s=20&t=qUznXkny5NYvG9G6nwAdBQ  1:04:54 Crypto EU Deal https://www.europarl.europa.eu/news/en/press-room/20220613IPR32840/cryptocurrencies-in-the-eu-deal-struck-between-parliament-and-council 

RELEASES 1:07:00 Aztec Connect https://twitter.com/aztecnetwork/thread/1545046832597700611  1:08:40 Bankers Going Bankless https://www.coindesk.com/business/2022/07/06/three-execs-leave-jpmorgan-this-week-to-join-crypto-firms/  1:09:00 Jobs https://pallet.xyz/list/bankless/jobs 

1:11:00 Questions from the Nation Post-Merge Fees https://twitter.com/KristinaKlaudy1/status/1544720722135769090?s=20&t=6qFTy8_wEDQk2Nv8wYLkbQ  1:14:20 Data Sharding https://twitter.com/DiscoverCrypto1/status/1544874701473730565?s=20&t=6qFTy8_wEDQk2Nv8wYLkbQ 

1:16:25 TAKES 1:16:40 Leighton Celsius Take https://twitter.com/lay2000lbs/status/1545033033392193536  1:18:40 Ruled by Adults https://imgur.com/jutmOmL  1:19:52 No New Narratives https://twitter.com/pythianism/status/1544442176985133056?s=20&t=vEwAPR55xMjGsw3m4hbo0Q  1:21:47 Bear Market Advice https://twitter.com/0xNader/status/1544126113059782656?s=20&t=KtqAQRiBwhpZ5hQ6_qYetQ 

1:22:10 What David’s Bullish On 1:24:20 What Ryan’s Bullish On

1:27:20 MEME of the Week

----- Not financial or tax advice. https://newsletter.banklesshq.com/p/bankless-disclosures 

Nic Carter is Partner of Castle Island VC, host of the On the Brink Podcast, repeat Bankless guest, and recent victim of a Bitcoin maximalist (cyber hornets) attack.

Why was he swarmed? As a result and for many other reasons, he's distancing himself from these cyber hornets. Will others follow his lead?

Many assumed Nic was a Bitcoin maximalist, but really he's just Nic Carter. Who are you and what do you stand for?

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 7:50 The Cyberhornets Attack 14:45 Bitcoin Maxi Motivation 30:30 Bitcoin’s Intolerant Community 42:19 Bitcoin’s Long-term Sustainability 46:50 How Nic’s Feeling About the Bear 49:30 Macro & Crypto 58:55 Free Banking 1:05:53 Regulation 1:06:57 Why to Stay in Crypto 1:10:12 Closing & Disclaimers

------ Resources:

Nic Carter https://twitter.com/nic__carter 

Setting the record straight by Nic Carter https://medium.com/@nic__carter/setting-the-record-straight-b4e1b415e7d9 

Nic’s Podcast https://onthebrink-podcast.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://newsletter.banklesshq.com/p/bankless-disclosures 

Josh Rosenthal is our favorite crypto native historian. He has a Ph.D. in history, and received a Fulbright Scholarship to the Sorbonne’s Institute for Advanced Studies.

Josh moved beyond traditional academia, sold some Web2 companies, and is now a crypto investor. He’s the historian that helped us craft the Crypto Renaissance podcast episode, which many people credit as the reason why they got into crypto.

And he’s here to do it again with the Crypto Revolution on the 4th of July, harkening a new independence day for the crypto nation.

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/    🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/   

------ BANKLESS SPONSOR TOOLS: 

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 6:00 Josh Rosenthal 14:43 The Broad Themes of History 23:33 A Permissioned World 28:40 The Context of Revolution 36:21 Taxation and Value 42:30 The Revolutionary Goal 46:34 Launching an Experiment 50:51 Coordination 54:07 The Whiskey Rebellion 1:02:45 Flawed Policies 1:07:45 Net Improvements 1:16:28 Vocation 1:23:52 The Land of Opportunity 1:30:24 The Public Forum 1:37:50 Permissionless Building 1:45:40 Digital States 1:51:25 Make things easier 1:57:30 Get building 1:59:58 Help others 2:05:00 Closing

------ Resources:

Josh Rosenthal https://twitter.com/JoshuaRosenthal?s=20&t=_dhf5sZnqBpbG_SMeKcvrg 

The Crypto Renaissance https://shows.banklesshq.com/p/-the-crypto-renaissance-josh-rosenthal 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

Every company is handling the bear market differently. CZ and Binance are no different. What are they up to? Has their overall strategy changed? How have they been affected? Hear answers to all of these questions and much more in the livestream.

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 3:15 How Binance is Holding Up 5:54 Binance's Opportunities 8:40 Bear Market Positioning 11:56 How Long Will the Bear Last? 17:09 Hiring at Binance 19:56 CZ Meme & His Future 23:36 Binance's Future 29:38 Binance is Worldwide 37:00 The Future of BNB Chain & Use Cases 41:16 $BNB 44:10 Concerns of Binance Centralization 50:58 Why CZ is in Crypto 55:53 What Crypto Looks like in 5-10 Years

------ Resources:

CZ https://twitter.com/cz_binance 

Binance https://twitter.com/binance 

CZ Photoshop https://twitter.com/cz_binance/status/1537013824666095617 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

Last Week of June, 2022

------ 📣JUNO | Crypto Friendly Banking https://juno.finance/bankless 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

🚀ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

❎ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

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

🌴MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 5:10 Markets 5:15 BTC Price 5:35 ETH Price 6:55 ETH BTC Ratio 7:05 Crypto Market Cap 7:50 FED WATCH 8:00 Who’s to Blame For Inflation? https://ritholtz.com/2022/06/inflation-blame-15/  11:58 How’d We Get Here? Dan from Pantera https://panteracapital.com/blockchain-letter/the-feds-twin-policy-errors/  15:10 WSJ: Rising Interest Rates Will Crush the Federal Budget https://www.wsj.com/articles/high-interest-rates-will-crush-the-federal-budget-inflation-debt-spending-costs-recession-economy-11656535631 

20:00 3AC Meldown Continued 20:22 Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate https://www.wsj.com/articles/crypto-fund-three-arrows-ordered-to-liquidate-by-court-11656506404  23:55 Voyager $660M Unsecured Loan https://decrypt.co/103892/voyager-digital-issues-three-arrows-capital-default-notice  29:49 Three Arrows Capital Liquidation Ordered in British Virgin Island https://www.coindesk.com/business/2022/06/29/three-arrows-capital-liquidation-ordered-in-british-virgin-isles-report/  29:55 Su Zhu’s Yacht https://twitter.com/AutismCapital/status/1540001243795542018  31:25 Vitalik Subtweet  

33:19 BlockFi 33:22 Where it Started https://www.coindesk.com/business/2022/06/16/blockfi-liquidated-three-arrows-capital-report/  35:25 FTX Seeks to Acquire BlockFi https://www.theblock.co/post/154929/ftx-blockfi-deal-sources  35:30 New Morgan Creek Bid https://blockworks.co/blockfi-has-a-new-bidder-in-morgan-creek-report-says/  40:15 BlockFi Is Pursuing Plans to Go Public https://www.coindesk.com/business/2021/07/22/blockfi-is-pursuing-plans-to-go-public-even-as-regulators-close-in/  https://www.theblock.co/post/155069/ftx-walked-away-from-celsius-deal  42:15 4 Big Takeaways https://www.theblock.co/post/154681/a-leaked-investor-call-revealed-morgan-creeks-bid-for-blockfi-here-are-four-more-big-takeaways-from-the-call 

43:30 Grayscale Sueing the SEC 40:35 SEC Rejects Grayscale’s Spot Bitcoin ETF Application https://www.coindesk.com/policy/2022/06/30/sec-rejects-grayscales-spot-bitcoin-etf-application/  45:35 Michael Sonnenshein Didn’t Like That https://twitter.com/Sonnenshein/status/1542311510055292928  45:45 Grayscale Sues SEC https://www.globenewswire.com/news-release/2022/06/30/2471737/0/en/Grayscale-Investments-Initiates-Lawsuit-Against-the-SEC.html 

52:10 NEWS 52:30 MakerDAO 52:42 Controversial MakerDAO Governance Vote https://twitter.com/labsGFX/thread/1541488156909912065  https://vote.makerdao.com/polling/QmWYajMq#vote-breakdown  54:22 Post-vote Thread From Hasu https://twitter.com/hasufl/status/1542196610775629824  57:03 Lido Voters Reject Growth Limit For ETH2 https://thedefiant.io/lido-rejects-self-limiting/  57:25 Hasu Co-authored a Proposal for Lido stETH Governance https://twitter.com/hasufl/status/1535275167177490438  57:30 Proposal https://research.lido.fi/t/ldo-steth-dual-governance/2382  59:20 Arbitrum Odyssey 1:00:25 Odyssey Paused! https://twitter.com/arbitrum/thread/1542159105946787840  1:01:15 Dune Analytics Data https://dune.com/springzhang/arbitrum-odyssey-event-tracking  1:03:39 Optimism’s TVL Doubles https://thedefiant.io/optimism-layer-2s-surge  https://l2beat.com/  1:05:00 Merge Watch 1:05:10 Sepolia on July 6th https://twitter.com/sassal0x/status/1540352501605490689 

1:05:30 NFTs 1:05:35 NFTs Down Down Down https://dune.com/hildobby/NFTs  1:06:00 ENS.Vision https://www.ens.vision/market  https://dune.com/makoto/ens 

1:06:45 BITCOIN Michael Saylor’s MicroStrategy $10M Purchase https://www.coindesk.com/business/2022/06/29/michael-saylors-microstrategy-purchased-another-10m-of-bitcoin-over-past-two-months 

1:09:19 REGULATION China Covid Bankrun Stoppage https://twitter.com/NeerajKA/status/1541397028089073664 

1:11:58 MISC Horizon Bridge Hack $100M https://twitter.com/harmonyprotocol/status/1540110924400324608  North Korea https://www.coindesk.com/business/2022/06/29/north-korean-hacking-group-behind-100m-horizon-bridge-hack-report/ 

1:13:10 RAISES Digital Wallet Maker Dynamic Raises $7.5M a16z https://thedefiant.io/dynamic-wallet-fundraise/ 

1:14:08 Jobs https://pallet.xyz/list/bankless/jobs 

1:16:30 Community Questions 1:16:52 L2 vs Cross L1 Bridging Risk https://twitter.com/miner89r/status/1542272305627283466  1:20:38 Best dApps to Get Started https://twitter.com/kangaman_gus/status/1542179373070970881 

1:23:48 TAKES 1:23:51 Why CeFi is breaking https://twitter.com/TrustlessState/status/1542284015796895744  1:24:50 Ryan Follow Up https://twitter.com/RyanSAdams/status/1542493426687541250  1:25:50 And You’ll Be Happy https://twitter.com/aubreystrobel/status/1541509159455277058  1:26:34 Internet Security https://twitter.com/kobigurk/status/1539140832615440385  1:27:22 Ethereum Rollup vs. Cosmos https://twitter.com/bkiepuszewski/status/1541065105634385922 

1:28:55 What David’s Bullish On 1:30:09 What Ryan’s Bullish On https://twitter.com/RyanSAdams/status/1542504457140707341 

1:35:20 MEME of the Week https://twitter.com/jackniewold/status/1539939621848727555 

1:38:20 Disclaimers

1:38:43 Moment of Zen https://twitter.com/functi0nZer0/status/1542571158905786368 

----- Not financial or tax advice. https://newsletter.banklesshq.com/p/bankless-disclosures 

On this episode of Bankless, we welcome back DCinvestor and Eric Conner to share their multicycle bear market war stories. But that’s not all!

They also unpack why they keep on deciding to stay every cycle, what’s different about this cycle vs. previous cycles, the role leverage and macro conditions have played, and their hard-hitting, gigabrain advice for first-time cyclers and multicyclers alike.

Survive and advance, anon. We’re going to make it.

------ 📣 NOTIONAL | Real DeFi Yield https://bankless.cc/Notional 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 ROCKET POOL | STAKE YOUR ETH https://bankless.cc/RocketPool 

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido 

🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 4:03 Being a Multicycle Vet 11:31 Market Phases 19:12 Credit to Staying 26:03 High Conviction High Loss 32:37 Regulator Fear 41:31 Lessons From This Cycle 49:00 Leverage 56:34 Macro Conditions 1:30:50 The Merge vs. Macro 1:09:00 Advice for Newcomers

------ Resources:

DCinvestor https://twitter.com/iamDCinvestor 

Eric Conner https://twitter.com/econoar 

Devil Take the Hindmost: A History of Financial Speculation https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

Last week, one of Ethereum’s biggest L2-integrated dapps — derivatives giant dYdX — announced plans to depart Ethereum upon its upcoming v4 release. The destination? A fully sovereign blockchain on the Cosmos Tendermint consensus protocol, built using the Cosmos software development kit.

We brought on dYdX, Founder, Antonio Juliano to discuss this announcement and so much more.

------ 📣 NOTIONAL | Real DeFi Yield https://bankless.cc/Notional 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 ROCKET POOL | STAKE YOUR ETH https://bankless.cc/RocketPool 

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido 

🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 7:00 The Announcement 14:38 Creating the Best Product 25:10 Decentralization 33:50 The Risks 37:55 Wallets 40:07 Staking Validators 46:05 Monetary Policy & Latency 54:44 Tradeoffs with Ethereum 59:55 Legal Reasons 1:06:00 Real Centralization 1:14:20 Bridging & Composability 1:24:00 Closing

------ Resources:

Antonio on Twitter: https://twitter.com/AntonioMJuliano 

Announcement: https://twitter.com/dYdX/status/1539607062291877889 

Why Would a dApp Leave Ethereum Right Now? https://newsletter.banklesshq.com/p/dydx-cosmos-ethereum? 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures