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Bankless Friday Weekly Rollup
Second Week Of May
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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 

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

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

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

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TIMESTAMPS & RESOURCES
00:00 Intro

01:28 Markets 
https://pro.kraken.com/app/trade/btc-usd 
https://pro.kraken.com/app/trade/eth-usd 
https://www.coingecko.com/en/global-charts 

03:40 M2 Money Supply
https://twitter.com/thomas_fahrer/status/1786196603931644086 

08:18 GBTC Inflows
https://x.com/JSeyff/status/1787506564267393037 
https://twitter.com/JSeyff/status/1787610459413102688 

09:49 Stablecoin Mkt Supply
https://twitter.com/alpha_pls/status/1787405833279545393 

10:55 Bullish for Solana
https://twitter.com/smyyguy/status/1787892675145781611 

18:43 Robinhood Wells Notice
https://newsroom.aboutrobinhood.com/robinhood-response-to-receipt-of-wells-notice-from-the-u-s-securities-and-exchange-commission/ 
https://x.com/vladtenev/status/1787595555981668751 
https://twitter.com/BSCNews/status/1787811373361107092 

22:32 Gary's Take
https://x.com/RyanSAdams/status/1788313202024915178 

28:27 Biden Administration Against Crypto
https://twitter.com/BitcoinMagazine/status/1788274505753755836 
https://twitter.com/jchervinsky/status/1788281811086221646?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 
https://x.com/RyanSAdams/status/1788289854574322049 

34:09 Trump Response
https://twitter.com/frankdegods/status/1788359051031761269?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

42:16 FTX Creditors Make 118%?
https://www.bloomberg.com/news/articles/2024-05-07/ftx-has-billions-more-than-needed-to-repay-bankruptcy-victims?cmpid=BBD050824_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=240508&utm_campaign=moneystuff 

44:42 Friend.Tech Token
https://x.com/friendtech/status/1786573081240297926 

47:06 Eigen Stakedrop Update
https://twitter.com/TrustlessState/status/1786172333717066237 
https://x.com/BanklessApp/status/1786055564629348383 

48:28 $MODE Token
https://x.com/modenetwork/status/1786115439212294386 

49:43 Optimism L3
https://optimism.mirror.xyz/6idqs2nEDLdezbSynrYsakliSCm3VyzA3WWj6esBbbM 

51:29 BOB Bitcoin Chain
https://twitter.com/build_on_bob/status/1785601054966771970 

52:10 Autonomous Worlds
https://twitter.com/redstonexyz/status/1785715921014960188 

54:48 Nigeria Banning P2P Crypto Trade
https://www.bloomberg.com/news/articles/2024-05-07/nigeria-to-ban-person-to-person-crypto-trade-in-battered-naira 

57:05 Revolut X
https://www.revolut.com/blog/post/revolut-x-launch/ 

57:59 Meme of The Week
https://x.com/jonwu_/status/1787512817303629962 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠ 

Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean?
On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around. 
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📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/
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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 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa 
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   
🌐 CARTESI | APPLY FOR A GRANT
https://bankless.cc/CartesiGovernance 
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TIMESTAMPS
00:00 Intro
01:30 Why Record This Episode?
06:01 Why There Are Structurally Bad Vibes
15:47 Why it's Like This
29:14 The Problem With The Points Meta
38:29 Recent Airdrop Issues
47:21 Where Do We Go From Here?
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RESOURCES 
VC Capital - https://imgur.com/KKqMWBe 
Sell Pressure - https://twitter.com/pythianism/status/1784958268420522195 
Chris Dixon Take - https://a16zcrypto.com/posts/article/memecoins-tokens-regulation-policy/ 
LayerZero - https://x.com/LayerZero_Labs/status/1786441554816532646 
Hayden Take - https://twitter.com/haydenzadams/status/1786784808187621874 
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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-eric-wall-interview 

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What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall.

We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bitcoin L2 and what’s coming next.

Eric is the perfect guest to explore this frontier of Bitcoin Rollups, he tells it like it is and he understands both Ethereum and Bitcoin.

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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 

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

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

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

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TIMESTAMPS

0:00 Intro
5:47 Eric Wall
9:48 The Evolution of Bitcoin
21:31 The Genesis of Bitcoin L2s
36:40 Runes
46:22 BitVM
1:04:45 Why Bitcoin L2s are Inevitable
1:09:07 Stacks
1:11:37 Bitcoin L2 Endgame
1:17:39 Scams
1:23:13 Bitcoin’s Direction
1:27:25 Closing & Disclaimers

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RESOURCES

Eric Wall
https://twitter.com/ercwl  

Taproot Wizards
https://taprootwizards.com/  

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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-regan-bozman-interview 
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Today we explore the frontier of Venture Capitalists vs Retail Investors, are they at war? That’s exactly what we debate on the show with crypto writer and VC Regan Bozman.
Lots of questions to be asked on this episode:
- Is crypto experiencing an identity crisis?
- Are memecoins a reaction to VCs
- Why is the current wave of Airdrops broken?.
- Is attention more important than fundamentals?
- Where do we go from here?
It’s about time to gain some clarity into what’s really happening in the crypto space.
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📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 
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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 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa 
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   
🌐 CARTESI | APPLY FOR A GRANT
https://bankless.cc/CartesiGovernance 
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TIMESTAMPS
0:00 Intro
6:10 Crypto Identity Crisis
17:15 Stories
25:18 Terminal Liquidity
20:14 VCs vs Retail
38:33 Token Sales
46:22 Airdrops
52:27 The Attention Economy
1:02:03 Solutions
1:09:31 Regulatory Hurdle
1:12:28 The Weirdness of It All
1:14:41 Memecoins
1:16:17 Where do we go from here?
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RESOURCES
Regan on X
https://twitter.com/reganbozman  
Regan on Farcaster
https://warpcast.com/regan  
Regan Thread
https://twitter.com/reganbozman/status/1776293611036197059  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠   

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  
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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 
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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
------
📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT
transporter.io
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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 
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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
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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  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures