Bankless

ROLLUP: Crazy Markets Week | Prediction Markets Bad? | Zora Release | More Gensler Ls | Trump’s DeFi Sons

09 Aug 2024

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This week in crypto we saw markets…stumble? Then recover? Is the 2024 bull run over? Elizabeth Warren is targeting prediction markets and the crypto community is pushing back, obviously. Meanwhile, SEC Chair Gary Gensler also faces setbacks…more L’s? Zora’s latest release promises to shake up the NFT world. And in a surprising twist, Trump's children have reportedly taken a keen interest in…DeFi…? ------ 🍵MATCHA | NEW PRICING ENGINE https://go.0x.org/matcha-v2-pod ------ BANKLESS SPONSOR TOOLS: 🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 ⁠ 🛞 MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🦄 UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 🌐 OBOL | STAKE ON DVs, SCALE ETHEREUM https://bankless.cc/obol ⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/46 ------ TIMESTAMPS & RESOURCES 0:00 Intro 2:50 What happened to markets? https://x.com/dougboneparth/status/1820448580290724222 https://www.cnbc.com/2024/08/05/carry-trades-a-major-unwinding-is-underway-amid-a-stock-sell-off.html https://x.com/KobeissiLetter/status/1819753746202546478 https://x.com/radarhits/status/1820091232770572794 https://www.coindesk.com/markets/2024/08/08/kamala-harris-donald-trump-tied-on-polymarket-on-who-will-be-the-next-us-president/ https://x.com/WatcherGuru/status/1820554001450258522 https://x.com/KobeissiLetter/status/1820897733143585209 11:27 What happened since Monday https://www.reuters.com/markets/asia/boj-wont-raise-rates-when-markets-unstable-deputy-governor-says-2024-08-07/ https://x.com/peruvian_bull/status/1820999796334981126 https://x.com/NickTimiraos/status/1821532870529396989 https://x.com/Polymarket/status/1820869310119662035 https://x.com/KobeissiLetter/status/1820870572093448299 14:31 Bankless Episodes - Livestream & Tom Lee https://www.youtube.com/live/CIbt2xlBJ5A?si=_60rGAl_9zzv-H0C https://youtu.be/lD9774SuP3E?si=-a3Zmt-1r6aS22xq 22:24 Jump Capital is selling its crypto positions https://x.com/lookonchain/status/1820321011730116636 25:17 Highest ETH ETF inflows since their launch https://x.com/zerohedge/status/1821143966462484640 https://x.com/TommyWorldPower/status/1821091488132165719 https://www.cnbc.com/2024/08/02/morgan-stanley-wealth-advisors-bitcoin-etfs.html 27:10 Why is ETH so weak? https://x.com/RyanSAdams/status/1821534234382627195 https://imgur.com/TsIvCPi https://x.com/ceterispar1bus/status/1820842327901954453 33:38 Strong earnings for key crypto companies in Q2…what we can learn? https://s27.q4cdn.com/397450999/files/doc_financials/2024/q2/Q2-24-Shareholder-Letter.pdf https://www.theblock.co/post/310136/robinhoods-q2-crypto-revenues-up-161-as-trading-volume-hits-21-5-billion https://x.com/wazzcrypto/status/1786139849197551637 36:56 Are Prediction Markets bad? Sen. Warren thinks so https://www.merkley.senate.gov/wp-content/uploads/CFTC-Letter-FINAL.pdf https://x.com/mansourtarek_/status/1820486209031766204 https://x.com/matthew_d_green/status/1821146583955583068 https://x.com/iamDCinvestor/status/1821361435449962562 https://x.com/hasufl/status/1820818054621622673 https://x.com/LWarho/status/1820888617469771813 https://x.com/Domahhhh/status/1821208004529942713 https://x.com/TrustlessState/status/1821178136282726643 48:02 Zora protocol now creates pools on Uniswap! https://x.com/js_horne/status/1821215028457967757 https://x.com/haydenzadams/status/1821229811689517401 https://x.com/tbtstl/status/1821217611935273368 50:11 Ripple Labs settled with SEC & More Ls https://x.com/EleanorTerrett/status/1821276946921345341 https://x.com/lex_node/status/1821282897921503742 https://x.com/bgarlinghouse/status/1821289051191963861 https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.150.0.pdf https://x.com/RyanSAdams/status/1821169925769044250 https://x.com/EleanorTerrett/status/1820540465609130052 53:25 Were Eric and Donald Trump Jr DeFi-pilled? https://x.com/EricTrump/status/1820906993802211751 https://x.com/DonaldJTrumpJr/status/1821164331020517596 55:04 Where did Brian Armstrong’s co-founder go? https://x.com/fehrsam/status/1820859394361610338 57:10 MEME of the Week https://media.discordapp.net/attachments/1257324353301905579/1270790505357115674/image0.jpg?ex=66b5a422&is=66b452a2&hm=33fc015ff27ad80a11172c464d2edb054bd418d5234be0088788f6946593404f&=&format=webp&width=1620&height=1843 58:28 Closing & Disclosures ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠

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Bankless

ROLLUP: Crazy Markets Week | Prediction Markets Bad? | Zora Release | More Gensler Ls | Trump’s DeFi Sons

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ROLLUP: Rate Cuts! | ZK Breakthroughs | Farcaster’s Pivot | SEC Onchain | NYT’s Stablecoin FUD

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