ROLLUP: Trump Eyes Greenland | Davos Goes Crypto | NYSE Goes Onchain | Quantum Spooks Bitcoin | Farcaster + Lens Acquired

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What is the main topic discussed in this episode?

Ryan 0:04
It is the fourth week of January. It's time for the Bankless Weekly Roll-Up.

Why are markets down this week?

Ryan 0:08
David, Trump wants to take over Greenland.
David 0:11
Is that good for our banks? Trump-land. Trump-land.
Ryan 0:14
Yeah. We'll talk about the market's reaction to this. Also, all eyes on Davos this week. There was a couple of themes there. It was maybe Trump versus the world, but also crypto versus stratify. There was an appearance by crypto folks at the World Economic Forum. Brian Armstrong was there. Jeremy Allaire was there. CZ was there.

What insights did Davos reveal about the global power shift?

David 0:31
Kind of a who's who of crypto.
Ryan 0:33
Yeah, it is new to have crypto people on the same platform as all the TradFi central bankers.
David 0:38
Also, the New York Stock Exchange has announced their tokenization platform, using a lot of our words to talk about their new tech product, their new trading platform. We're going to talk about it, if it's good or bad for the rest of crypto. Is this another Tempo? Or is this people actually leveraging our blockchain? We're going to talk about that. Also, not the greatest week for decentralized social platforms. Both Farcaster and Lens kind of throwing in the towel, getting acquired by apps inside of their own ecosystem. Interesting. Did decentralized social fail? We're going to talk about that. And also, very large institutional investor at Jefferies. Don't know what Jefferies is.

What is the significance of the NYSE's tokenization platform?

David 1:14
Ryan's going to tell me what it is. Says he's selling Bitcoin because of quantum. And he's not the only one. There is starting to be a trend of the market not liking Bitcoin because of the existential risk of quantum.
Ryan 1:27
We also have an update on the Clarity Act, of course, and an update on the next Fed chair. Is he going to be crypto friendly? Before we get to all of that, we got to thank our friends and sponsors over at Immunify. David, what's Immunify up to?

What does the acquisition of Farcaster and Lens mean for on-chain social?

David 1:41
Immunify is helping crypto not lose money to hacks. So the crypto space has already lost almost $12 billion to hacks. It is a fundamental cap on how relevant and significant our industry can become. We need to become That's what Immunify is doing. And that is why they are launching what they're calling the first security operating system for the on-chain economy powered by Immunify AI. It's like a command center, command and control center to help teams prevent attacks even before they happen. Also, this month they are doing their ICO, their token sale as well, to better align all the projects researchers in their broader community.

What is the current status of the Clarity Act?

David 2:17
If you would like to learn more about what Immunify can do for your app or the Immunify sale, bankless.cc slash Immunify ICO is where you want to go.
Ryan 2:27
That's going to be the IMU ticker. That ticker apparently was not taken. IMU. Dave, let's talk about markets and why they're down on the week.

What are the implications of the new stablecoin payroll systems?

Ryan 2:35
At least one explanation for why they're down.

How are quantum computing fears impacting Bitcoin?

Ryan 2:38
And that's because Trump wants to invade Greenland. How many people live in Greenland? How many people live in Greenland? Right. Isn't it something like 50,000? It's not that many, something like this. How many people live at Greenland?
David 2:52
56,000 to 57,000 people. Probably would be pretty easy to invade, actually.
Ryan 2:57
It's not about the people, though. It's about the resources, I guess, for Trump. So what went on here?
David 3:03
Okay, so this started a while ago, and this was one of many crazy things that Trump just murmured, and you can't give credit to all of them. And so this is one that actually was murmured a while ago and now has in this last week or two weeks has become actually a significant topic.
Ryan 3:19
Wait, is this a real tweet? Is this a real thing from the Oval Office of the White House?
David 3:23
This was a real tweet from Donald Trump's Truth Social, which is a map of the United States and Canada and Greenland and also Venezuela, all with the American flag on it. So, like, kind of implying that, like... This is our domain. Like, we are going to take all of these things. Yeah, kind of implying that they all belong to America. Yeah, because like six months ago, there were huge protests in Canada about how Canada doesn't want Trump to take over Canada. They definitely don't. I mean, I have Canadian relatives.

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