ROLLUP: CZ to Jail? | Consensys sues SEC | IRS vs. Crypto | USDT in Telegram
Bankless
Layer 2 Solutions and Cost Efficiency in Crypto Transactions
This chapter explores the global crypto market, noting a valuation of $2.5 trillion and significant advancements in Layer 2 solutions like Mantle, which boasts a locked value of $1.25 billion. It also delves into transaction costs across various Layer 2 platforms, highlighting Arbitrum's effectiveness in processing high volumes at low costs.
Bankless Friday Weekly Rollup Last Week Of April
------ š SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod
------ BANKLESS SPONSOR TOOLS:
šKRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 ā
šCELO | CEL2 COMING SOON https://bankless.cc/Celo
āļøARBITRUM | SCALING ETHEREUM ā https://bankless.cc/Arbitrum
š SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL
šMANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle
š£ļøTOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku
šļø CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD
------ TIMESTAMPS & RESOURCES
0:00 Intro
4:19 Markets - Thanks Kraken
5:39 Total Crypto Market Cap
5:46 L2 Update - Brought to you by Mantle https://l2beat.com/scaling/costs
7:42 10M active wallets are using Ethereum ecosystem every week! https://twitter.com/RyanSAdams/status/1782756457915506876
8:19 Base is the #2 chain for USDC Supply - Coinbase trying make a payment chain https://vxtwitter.com/jessepollak/status/1783503518156136498
9:48 ENTER RUNES Runes changed the game for a day https://twitter.com/mikealfred/status/1781684678782791830 https://www.okx.com/web3/marketplace/runes?channelid=ACEAP6502255 https://twitter.com/ercwl/status/1782029205770744125?s=46 https://twitter.com/hlopez_/status/1781501372200059336 https://ycharts.com/indicators/bitcoin_average_transaction_fee
22:56 ETF INFLOWS: The inflows into BTC spot ETFs are not back yet https://twitter.com/carpenoctom/status/1783327357652042187 https://x.com/EricBalchunas/status/1782740051929006496 https://www.coindesk.com/business/2024/04/20/grayscale- reveals-015-fees-for-its-bitcoin-mini-tr https://twitter.com/thomas_fahrer/status/1781809562070442047
28:03 Q1 ā24 income statements for Ethereum and MakerDAO https://twitter.com/tokenterminal/status/1782858613943321016
33:01 CZ might spend 3 years in prison https://twitter.com/johnreedstark/status/1783107482325225947 https://twitter.com/rizzn/status/1783199755541066103 https://storage.courtlistener.com/recap/gov.uscourts.wawd.328570/gov.uscourts.wawd.328570.8 https://twitter.com/RyanSAdams/status/1783195468840697896
40:21 Samourai wallet founders arrested https://twitter.com/RyanSAdams/status/1783222828361281847 https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering https://x.com/RyanSAdams/status/1783254322894999978
46:39 Consensys sues SEC https://twitter.com/fintechfrank
52:56 Renzo announced its token launch! https://x.com/RenzoProtocol/status/1783277589525594231 https://www.bankless.com/renzo-madness https://twitter.com/DefiIgnas/status/1783083767449432189 https://twitter.com/dcfgod/status/1782978862772814000?ref=bankless.ghost.io https://twitter.com/Ian_Unsworth/status/1783163546857099730
58:57 Telegram allows USDT payments https://twitter.com/ton_blockchain/status/1781294475219812665 https://twitter.com/cstanley/status/1782459974313988281 https://twitter.com/dannypostmaa/status/1783541623839740030
1:00:17 OP is releasing its multichain upgrade! https://twitter.com/OPLabsPBC/status/1780987940526534943
1:01:09 Liam Shiba Inu raised $12M for its new chain https://x.com/treatsforShib/status/1782490407655592242 https://shibarium.shib.io/
1:02:32 Lido is starting with DVT - Stake with friends - making lido more decentralized? https://twitter.com/LidoFinance/status/1780317961854636384
1:04:13 IRS keeps labeling self-custody wallets as brokers https://twitter.com/valkenburgh/status/1781380879476043940 https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf https://twitter.com/TheCryptoCPA/status/1781403340045197813 https://twitter.com/jchervinsky/status/1782061785119367284 https://x.com/lex_node/status/1782050294429319545
1:08:09 Raises and BVC Investments Movement Series A https://x.com/movementlabsxyz/status/1783511681928175791 Othentic raised $4M in their seed round - RaaS for Eigen Apps https://twitter.com/0xOthentic/status/1782378684369739781
1:11:23 MEME of the Week https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1714065541205 https://x.com/nic__carter/status/1781676895291015477
1:15:00 Closing & Disclaimers
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ā
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