ROLLUP: $2B Polymarket Bet | Election Pump? | Ethereum Optimism | Trump 'WLFI' Launch
Bankless
Italy's Crypto Tax Increase and the Inaugural Bankless Summit Announcement
This chapter delves into Italy's substantial hike in capital gains tax on cryptocurrency from 26% to 42%, revealing how government actions may aim to regulate capital flight from fiat currency. It also introduces the upcoming Bankless Summit, focusing on its distinctive speaker-driven format and commitment to engaging content.
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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