Current Cryptocurrency Trends and the Rise of Layer Twos

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 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞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