ROLLUP: $2B Polymarket Bet | Election Pump? | Ethereum Optimism | Trump 'WLFI' Launch
Bankless
Emerging Economies of Ethereum Layer Two
This chapter explores the significance of 'blobs' in Ethereum's layer two solutions, emphasizing their role in efficient transaction data posting and fee capture. It highlights the growing demand for blob space, the need for scaling, and the impact of future upgrades on Ethereum's transaction capacity.
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
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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