NFT Utility and OpenSea's Legal Challenges

Welcome back to the Bankless Friday Weekly Rollup. First up, why Telegram founder Pavel Durov was arrested in France and what it means for the future of privacy. Then, drama at the Ethereum Foundation as they sell $100M worth of ETH. And finally, the latest Wells Notice from the SEC, which company got it? ------ 🌊 KELP | Deposit ETH with Gain today https://kelpdao.xyz/gain/?utm_source=Bankless  ------ BANKLESS SPONSOR TOOLS:

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------ TIMESTAMPS & RESOURCES 00:00:00 Start

00:02:22 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://farside.co.uk/?p=1518  https://x.com/tokenterminal/status/1828049589305319792?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://www.growthepie.xyz/fundamentals/total-value-locked 

00:06:23 Rate Cuts Incoming https://www.federalreserve.gov/newsevents/speech/powell20240823a.htm  https://x.com/RyanSAdams/status/1829156259062501574 

00:08:41 Stablecoin ATH https://defillama.com/stablecoins  https://x.com/PayPal/status/1828161802208985462 

00:13:14 When Pump? https://x.com/2xdog/status/1826460239090385028/photo/1 

00:18:42 Telegram Founder Arrested https://x.com/WatcherGuru/status/1827450423608795287?t=9gT6e4AmQL8qHc5gDA0Rrw&s=19 

00:21:01 What Are The Charges? https://x.com/Cointelegraph/status/1828915121823068476  https://x.com/RyanSAdams/status/1828122303047033327 

00:24:03 Encryption

00:27:47 Takes On This Issue https://x.com/EmmanuelMacron/status/1828077245606342672  https://x.com/VitalikButerin/status/1827602680388239582  https://x.com/Kasparov63/status/1827819652535489007  https://x.com/NoelleInMadrid/status/1827798993017127243 

00:30:45 TON's Reaction https://x.com/ton_society/status/1827753299736674599  https://x.com/ton_society/status/1828446248841441467 

00:36:36 Mark Zuckerburgs Letter https://x.com/boblatta/status/1828516974269472936/photo/1 

00:39:46 Roman Storm's Battle https://x.com/RyanSAdams/status/1828906357723955378 

00:46:34 Ethereum Foundation Sold $100M? https://thedefiant.io/news/blockchains/ethereum-community-rattled-by-foundation-s-eth-sales-and-vitalik-s-defi-hate  https://x.com/0xstark/status/1828416178194104342  https://x.com/defiignas/status/1827287094705701318?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

00:52:26 Does Vitalik Hate DeFi? https://x.com/VitalikButerin/status/1827583576751181961  https://x.com/kaiynne/status/1821020189594669398  https://x.com/RhettShipp/status/1827911788488487047  https://x.com/haydenzadams/status/1828452122385424718  https://x.com/VitalikButerin/status/1828448417585971661 

01:01:51 Sony's Layer 2 - Soneium https://x.com/soneium/status/1826832581897126367 

01:03:34 MakerDAO Rebranded To SKY https://x.com/SkyEcosystem/status/1828405625828843710  https://governance.aave.com/t/temp-check-buidl-gsm/18775 

01:05:47 Trump Harris Debate https://x.com/disclosetv/status/1828505848504819978 

01:06:42 RFK Drops Out https://x.com/watcherguru/status/1827059890549862600?s=46&t=iahr7Lh5v08SSM_Ery-bGw 

01:07:45 Trump NFTs https://x.com/mdudas/status/1828575205276459258 

01:09:29 SEC Threatens To Sue Opensea https://x.com/dfinzer/status/1828791832009953706?s=46 

01:12:37 Chainbound Raises $4.6M https://x.com/chainbound_/status/1828047583090016308?s=46&t=dAxCjT2P_GIrJMvMgWIpfA 

01:13:22 Most Unattractive Hobbies... https://x.com/nic__carter/status/1827862983034245338 

01:14:50 Moment Of Zen https://x.com/songadaymann/status/1828885208227332591?s=46 

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