Navigating Crypto Bankruptcy and Innovations

This chapter examines the unusual bankruptcy case of a major crypto exchange, where creditors could potentially recoup 118% of their investments thanks to interest. It also reviews the launch of new tokens and decentralized exchanges within the crypto landscape, including detailed insights about community reactions and evolving features. Lastly, the discussion highlights the significance of Layer 3 solutions and emerging Bitcoin layer twos in shaping the future of the industry.

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Bankless Friday Weekly Rollup Second Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ ------ Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10 ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2

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🛞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

------ 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 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

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