Innovations and Risks in the Crypto Landscape

This chapter explores the complexities of Liquid Restaked Tokens (LRTs) and the emerging Karak protocol within the Ethereum ecosystem while assessing the risks involved. It also highlights notable developments, including Telegram's USDT payments, Shiba Inu's fundraising for a privacy-focused blockchain, and Lido's Distributed Validator Technology. The discussion wraps up with insights into regulatory changes affecting crypto taxation and the future of decentralized finance platforms.

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Bankless Friday Weekly Rollup Last Week Of April

------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod

------ BANKLESS SPONSOR TOOLS:

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⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku

🏙️ 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 ‘24 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 ⁠

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