Ethereum's Emerging Role as a Monetary Unit in Layer 2 Economies

With 17 days to the election, Trump launched WLFI token sales, while Kamala’s positive crypto comments sparked reactions. Polymarket shows Trump at 62%—can that be real?

In Ethereum, despite price drops, Fuel launched a high-performance L2, and Paradigm introduced its own with Reth at the core.

Meanwhile, Saylor plans a Bitcoin Bank, and Kraken is rolling out wrapped Bitcoin.

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------ TIMESTAMPS & RESOURCES

0:00 Intro

4:17 Markets, L2 Update, & Blobs https://farside.co.uk/?p=1518  https://x.com/Evan_ss6/status/1846592303143776269  https://x.com/growthepie_eth/status/1845076141054345464  https://x.com/ryansadams/status/1845111043250393569  https://x.com/sassal0x/status/1846458384842916143  https://dune.com/hildobby/blobs  https://x.com/litocoen/status/1846455792461140222  https://imgur.com/a/hGxZIyT  https://x.com/pythianism/status/1846502438624231605  https://x.com/EricBalchunas/status/1845944946991276494 

21:52 What’s going on on Polymarket?  https://polymarket.com/event/presidential-election-winner-2024?tid=1729178339570  https://x.com/RyanSAdams/status/1846660964105453836  https://x.com/fewture/status/1846667819200795038  https://x.com/adamscochran/status/1846677802583838768  https://x.com/divine_economy/status/1846677795423785150  https://www.natesilver.net/p/whats-behind-trumps-surge-in-prediction  https://x.com/fozzydiablo/status/1846369866091319743  https://x.com/fozzydiablo/status/1846647506446246089  https://x.com/hosseeb/status/1846395633806331914 

31:12 Let’s check in on Trump and Kamala - 17 Days until election  First Trump - kicked off World Liberty Financial token sale https://x.com/realDonaldTrump/status/1845179557852377508  https://x.com/tier10k/status/1846641132731552018  https://x.com/RyanSAdams/status/1845926256292122767 

34:43 Then Harris - said something about crypto - appreciates the help of crypto in broadening access to wealth  https://kamalaharris.com/wp-content/uploads/2024/10/FMfcgzQXJZxzLGgcKmSNQSXCRKXShwxJ.pdf  https://x.com/RyanSAdams/status/1845920172638605768  https://x.com/Matt_Hougan/status/1845832802316751251  https://x.com/BanklessHQ/status/1846552111217045904  https://elections2024.thehill.com/massachusetts/massachusetts-senate-warren-deaton/  https://polymarket.com/event/massachusetts-us-senate-election-winner?tid=1729152612507 

46:16 Galaxy researched released their Crypto policy scorecard  https://x.com/intangiblecoins/status/1845845163588907486 

51:29 Kraken with a big release…Wrapped BTC - KBTC https://www.coindesk.com/business/2024/10/17/crypto-exchange-kraken-launches-wrapped-bitcoin-token-kbtc/ 

52:17 Fuel mainnet is live!  https://x.com/fuel_network/status/1846536888003313786 

53:54 Paradigm is launching a new L2, Odyssey https://x.com/gakonst/status/1844757392061542781  https://x.com/danrobinson/status/1844759810421805069 

55:49 Conduit introduced Conduit G2  https://x.com/conduitxyz/status/1846567345864536468 

57:41 Michael Saylor wants to turn Microstrategy into a Bitcoin bank https://x.com/isoandso/status/1844772434991325287 

59:15 Italy will raise capital gain tax on Bitcoin from 26% to 42%  https://www.reuters.com/markets/europe/italy-stiffens-terms-digital-services-tax-2025-budget-2024-10-16 

1:00:41 Bankless Summit is coming!  https://x.com/TrustlessState/status/1846722706919838081 

1:02:34 Meme of the Week, David’s Fight & Kyle Samani Drama https://x.com/Jesseeckel/status/1845491020492124361  https://x.com/sgoldfed/status/1846183598832959617 

1:06:29 Closing & Disclaimers 

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