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Bankless Friday Weekly Rollup 
3rd Week of June 2024

The SEC drops all charges against Ethereum 2.0—could it now be recognized as a commodity? Plus, hints surface about the launch date of the ETH ETF!

Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction.

And, did Baron Trump really launch a DJT memecoin on Solana? We unpack the latest buzz and drama. Tune in for all the details and so much more!

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BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 

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

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TIMESTAMPS & RESOURCES

0:00 Intro

2:55 MARKET
https://x.com/WhalePanda/status/1802958996392870368 
https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows 
https://x.com/CryptoDonAlt/status/1802743515941609572 
https://www.tradingview.com/chart/?symbol=AMEX%3ASPY 
https://x.com/saylor/status/1803763490928119950 

9:35 ETH Price & ETH ETF Going Live 
https://x.com/EricBalchunas/status/1801725292404261308 

13:03 Total Crypto Market Cap

13:46 L2Beat
https://dune.com/hildobby/blobs 
https://dune.com/sealaunch/dex-metrics-on-base?Select+Date+Granularity_ed0f38=week&Select+Timeframe_ed47bb=365 
https://imgur.com/YuXZfAv 
https://x.com/WazzCrypto/status/1803858912166449480 
https://twitter.com/wbnns/status/1803217959479025857 
 
18:40 Combo ETH + BTC ETF
https://x.com/NateGeraci/status/1803080047303036971 
https://x.com/Matt_Hougan/status/1803767324605886515 
https://x.com/matthew_sigel/status/1801342560977190937 
https://youtu.be/T2Ur8Dhc3uQ?si=Obqn5eY89sEUEdwi 
https://youtu.be/KUMGYEKIiGw?si=fS4pae1N_rr1f0C0  

21:35 AIRDROP Season in full swing
Bankless Claimables and AIrdrop Hunter
https://www.bankless.com/claimables/reveal 
https://x.com/LayerZero_Fndn/status/1803744985029788042 
https://www.coingecko.com/en/coins/layerzero 
https://x.com/LayerZero_Fndn/status/1803742303204323494 
https://layerzero.foundation/claim 
https://www.theblock.co/post/300389/zksync-live-mcap-airdrop 
https://www.coingecko.com/en/coins/zksync 
https://x.com/TheZKNation/status/1802626483770265991 
https://x.com/TheZKNation/status/1801378349442269345 
https://docs.zknation.io/zk-token/zk-token-faq 
https://x.com/nansen_ai/status/1803003153820082270  
https://x.com/cobie/status/1803071393484939602 

31:58 MOTHER + DADDY Update 
https://www.coingecko.com/en/coins/mother-iggy 
https://x.com/IGGYAZALEA 
https://x.com/jimcramer/status/1800893795346637193 
https://www.coingecko.com/en/coins/daddy-tate 

37:21 What’s going on with $DJT? 
https://www.coingecko.com/en/coins/trumpcoin-2 
https://x.com/PirateWires/status/1802825492405669930 
https://www.newsweek.com/crypto-djt-barron-trump-martin-shkreli-1915147 
https://x.com/ArkhamIntel/status/1803161788164288875 
https://x.com/ArkhamIntel/status/1803471430727901455 
https://x.com/zachxbt/status/1803240784436797871 
https://x.com/zachxbt/status/1803371615524364503 
https://x.com/jmgramke/status/1803792368388264399 
https://x.com/WatcherGuru/status/1803759609808564306 
https://x.com/MartinShkreli/status/1803821631279612367 

50:38 U.S. SEC closes investigation in Ethereum!
https://x.com/Consensys/status/1803230653120659641 
https://x.c

Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years.
Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset and what the future holds for ETH institutional adoption.
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📣STAKEWISE | LIQUID SOLO STAKING
https://bankless.cc/Pod_StakeWise 
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  
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TIMESTAMPS
0:00 Intro
7:47 Defining TradFi
20:05 Ethereum’s P/E Ratio
23:49 Sam’s Background
40:44 Becoming an ETH Maxi
52:57 The State of ETH in TradFi
57:38 ETH Bull Case
1:06:11 The Flippening
1:12:11 ETH ETF
1:19:26 Security vs Commodity Debate
1:24:00 TradFi: Friend or Foe?
1:34:39 Regulation
1:46:07 Closing & Disclaimers
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RESOURCES
Sam Jernigan on X
https://x.com/sjerniganiv  
Sam Jernigan on LikedIn
https://www.linkedin.com/in/samjernigan07302015/  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠    

In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions. 
Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutional portfolios. He also provides interesting analogies and comparisons between ETH and Web 2.0, explaining how VanEck will help traditional investors understand and invest in ETH using these narratives and real market data. 
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✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/16 
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📣STAKEWISE | LIQUID SOLO STAKING
https://bankless.cc/Pod_StakeWise   
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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 | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum   
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:16 VanEck Vibe Check ?
8:11 VanEck ETH 2030 Price Prediction Report 
12:31 Last Year’s Report vs. Present Report 
15:10 Ethereum Narrative For Retail
19:14 Pitching ETH To Customers
25:15 Parameters For Bear, Base & Bull?
28:49 What If ETH Reaches $154,000 
32:31 ETH’s Most Bearish & Bullish Scenarios 
33:40 Solana’s MEV vs. ETH’s MEV
41:28  BTC & ETH Allocation In Portfolio 
45:59 Can Data Help Matthew Convince Customers?
49:30 $15B In ETF Assets
50:30 Closing & Disclosures 
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RESOURCES:
Matthew Sigel
https://x.com/matthew_sigel 
VanEck
https://www.vaneck.com/us/en/ 
https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target/ 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

Now that CZ is gone, who’s going to fill his shoes?
His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance.
We ask him:
Who is Richard Teng?
What was it like to work with CZ?
Why Crypto?
What is going on in Nigeria?
Bull Market Predictions?
If you want to know who’s taking charge in the next era of Binance, this episode is for you. 
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🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-richard-teng-interview 
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📣STAKEWISE | LIQUID SOLO STAKING
https://bankless.cc/Pod_StakeWise 
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum 
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:16 Who’s Richard Teng
15:54 The Last 2 Years
24:30 Filling CZ Shoes
34:58 The Future of Binance
48:33 What is Going on in Nigeria?
54:31 Why Crypto?
1:03:33 BNB Chain
1:05:48 Richard Teng’s Routine
1:08:25 Bull Market Predictions
1:14:21 Advice for Investors
1:16:17 User Fund Security
1:19:31 Closing & Disclaimers
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RESOURCES
Richard Teng
https://x.com/_RichardTeng  
Tigran Gambaryan Article
https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056  
Binance Proof of Reserves
https://www.binance.com/en/proof-of-reserves  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠  

Bankless Friday Weekly Rollup 
2nd Week of June 2024
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✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x9171d31d50857506ebf5c2f20e5690a126ea6687/2 

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📣STAKEWISE | LIQUID SOLO STAKING
https://bankless.cc/Pod_StakeWise   
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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 | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa  
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS & RESOURCES
0:00 Intro
3:31 Markets
8:20 Gary G Says ETH ETF Approval “Sometime in Summer”
https://x.com/tier10k/status/1801261940615848004 
9:19 L2 Update
11:04  The Fed expects to cut rates just once this year
https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 
15:41 Will BTC ETF follow the gold ETF success path?  
https://x.com/hongkim__/status/1799442365892985257 
20:48 ZKSync introduced ZK token 
https://x.com/TheZKNation/status/1800424206129357194 
https://app.aevo.xyz/perpetual/zk 
https://x.com/eekeyguy_eth/status/1800461976969035910 
https://blog.zknation.io/zk-token/ 
https://zknation.ghost.io/content/images/2024/06/points.png 
https://x.com/LibraryDefi/status/1800589632909832509 
https://x.com/Gautamguptagg/status/1800539906923733397 
https://x.com/Gautamguptagg/status/1800539906923733397 
https://x.com/TheZKNation/status/1801020410563060031 
https://x.com/TrustlessState/status/1801024526001815616 
https://x.com/TrustlessState/status/1800758353511207103 
36:46 Speaking of Airdrops: Taiko launched their TAIKO token 
https://x.com/taikoxyz/status/1798336750668136851 
Find out whether you are eligible via Claimables! 
https://bankless.cc/3Jte55n  
38:33 Optimism’s fault proofs are live! 
https://x.com/l2beat/status/1800530188171674070 
https://x.com/VitalikButerin/status/1800547329931620625 
49:23 Pectra is about to became the biggest upgrade of Ethereum history: 
https://x.com/sassal0x/status/1798869850200412383 
55:34 Symbiotic introduced their restaking platform 
https://x.com/symbioticfi/status/1800530004776022493 
59:29 Eigen Labs acquired Rio Network 
https://x.com/eigen_labs/status/1800888626642899321 
1:01:41 Crypto:The Game was acquired by Uniswap! 
https://x.com/cryptothegame_/status/1800199946739822594 
1:06:28 PleasrDAO releases the WuTang Album
https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/ 
https://www.thealbum.com/ 
1:09:12 Terraform Labs agreed to pay SEC $4.5B! 
https://www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/ 
https://x.com/TrustlessState/status/1800955721955283053     
1:11:44 Alchemy introduced platform for building rollups 
https://x.com/alchemyplatform/status/1798747911226040679 
1:13:03 New Paradigm Fund
https://x.com/matthuang/status/1801283717664526835 
1:14:41 The Daily Gwei 
https://www.youtube.com/@TheDailyGwei/videos  
https://x.com/thedailygwei  
https://x.com/sassal0x 
https://podcasts.apple.com/us/podcast/into-the-ether/id1443920565  
1:15:49 Closing & Disclaimers
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin! 
The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin.
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🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-robin-linus-interview 
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✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/14?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠ 
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa  
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
5:03 Who is Robin Linus?
10:20 Why Bitcoin?
16:19 Bitcoin Needs to Scale
22:15 BitVM Eureka Moment
24:31 The State of BitVM
27:19 BitVM vs Ethereum Rollups
33:45 How Does BitVM Work?
46:07 BitVM Critiques
55:07 The Bitcoin L2 Space
59:33 The BitVM Endgame
1:03:07 The Future of Bitcoin
1:07:09 Closing & Disclaimers
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RESOURCES
Robin Linus
https://x.com/robin_linus  
Robin Linus Website
https://robinlinus.com/  
BitVM
https://bitvm.org/  
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠