ROLLUP: Ethereum Absorbs Alt-L1s | SEC vs. Stoner Cats | Mark Cuban's -$870k Wallet Hack
Bankless
Legal Turmoil in the NFT Space
This chapter explores the SEC's charges against the Stoner Cats NFT project for offering unregistered securities, highlighting the potential repercussions for the NFT market. The discussion centers on the tension between regulatory scrutiny and the belief that NFTs should be treated like traditional collectibles, advocating for clearer guidelines to protect creators.
WRU 4th Week of September
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----- TIMESTAMPS & RESOURCES
0:00 Intro 2:50 MARKETS 9:15 Fed Rate - No change! (5.25-5.5%) https://www.nytimes.com/live/2023/09/20/business/fed-meeting-interest-rates 12:10 U.S. Americans Own Crypto? https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1 15:20 Ethereum’s 1st Merge anniversary! https://twitter.com/sassal0x/status/1702629393984803041?s=46 16:25 Bye bye ultra-sound money? https://ultrasound.money/#gas 17:30 L1 is shrinking, but layer-2 networks are maintaining healthy activity https://l2beat.com/scaling/activity
20:39 Are all the chains moving to Ethereum? Rollup Migration to Ethereum - 3 New Ethereum Rollups coming from non-Ethereum ecosystems 21:00 1.1 - Astar Network Sandeep Take https://twitter.com/sandeepnailwal/status/1701990949319254345 23:00 1.2 - Canto https://twitter.com/CantoPublic/status/1703809950290718871 24:00 1.3 - Eclipse https://twitter.com/EclipseFND/status/1704178668543824309 27:35 Ryan Take https://twitter.com/RyanSAdams/status/1703882356468117703 28:40 Mert Take https://x.com/0xMert_/status/1704229795079365101 30:00 Frankie Take https://twitter.com/frankieislost/status/1704262750405587248
37:58 SEC is coming after the Stoner Cats - Gary. V. Cats https://www.sec.gov/news/press-release/2023-178 https://x.com/MikeSeligEsq/status/1701978172487606665 https://twitter.com/loopifyyy/status/1701966597445874124 44:00 Hester Pierce Dissented! - Chief Disenting Officer https://twitter.com/NFTherder/status/1702057933389836293 46:25 SEC warns more charges coming to exchanges and DeFi https://www.coindesk.com/policy/2023/09/19/us-secs-crypto-enforcement-chief-warns-more-charges-coming-to-exchanges-defi/
49:13 New Airdrop! Optimism also announced OP Airdrop #3 https://twitter.com/optimismFND/status/1703837786703335672 50:10 POL Token is coming! MATIC becoming POL. Polygon 2.0 implementation kicked off! 51:00 https://twitter.com/0xPolygonLabs/status/1702280764677578755 1st PIPs: MATIC to POL and launch of Polygon’s new staking layer! https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released 51:25 Arbitrum is restarting Odyssey https://twitter.com/arbitrum/status/1704173003825615353 52:10 Conduit opening Support for Arbitrum: https://x.com/KAndrewHuang/status/1704848429883732256
53:18 Coinbase earned 570 ETH of MEV as a result of Curve hack. Should they return it? https://www.coindesk.com/tech/2023/09/15/coinbase-inadvertently-earned-1m-due-to-hack-but-hasnt-reimbursed-victims/?
57:10 Is Ethereum finally getting a privacy L2? Maybe soon? https://twitter.com/aztecnetwork/status/1704433376525242474
58:25 Infura in its progressive decentralization era https://blog.infura.io/post/progressive-decentralization-of-the-rpc-layer-centralization-to-federation?
59:10 FTX sues SBF’s parents - eating their own aims to claw back some of the $26 million in gifts and property https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdf https://www.cnbc.com/2023/09/19/sbfs-parents-sued-by-ftx-for-millions-of-dollars-in-misappropriated-funds.html
1:00:30 Mark Cuban lost $870,000 in a wallet hack - everyone’s getting hacked https://twitter.com/WazzCrypto/status/1702820716343624168
1:03:38 New ETH ETFs https://twitter.com/JSeyff/status/1701612412456280467 1:03:45 Grayscale ETH Futures ETF https://cointelegraph.com/news/grayscale-files-for-new-ethereum-futures-etf
1:06:25 Questions From The Nation
1:15:30 Takes https://x.com/matthuang/status/1704608186723119329 https://www.paradigm.xyz/2023/09/casino-on-mars Where do you store your wealth? https://x.com/TrustlessState/status/1703986421378245024
1:19:50 What Are We Bullish On https://www.bankless.com/choose-your-bull-market-character-class
1:24:55 Meme of the Week 1:26:15 Risks and Disclosures
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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