Bankless ROLLUP: Kim Kardashian vs Gary Gensler | Credit Suisse Crisis | Celsius Foul Play | ENS NFTs
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Oct 7, 2022 Dive into a heated clash between Kim Kardashian and Gary Gensler over celebrity crypto endorsements! The precarious situation at Credit Suisse draws parallels to the 2008 crisis. Explore the dynamic evolution of Ethereum and the rise of layer two solutions amid fluctuating Bitcoin prices. Discover MakerDAO's bold investments and the emergence of ENS NFTs. Plus, laugh along with interesting economic memes that critique modern financial trends.
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Slight Market Rebound
- Bitcoin and Ether prices are up slightly this week, offering a small reprieve in the bear market.
- The ETH-Bitcoin ratio remains relatively flat, though historically it has performed well since the start of the Bankless podcast.
Fed Pivot Imminent?
- Mounting pressures, including a declining stock market, global economic concerns, and other central banks pivoting, suggest an eventual Fed pivot.
- However, the exact timing remains uncertain, with the Fed still sending hawkish signals despite dwindling US oil reserves.
Layer 2 Momentum Building
- Layer 2 solutions like Optimism and Arbitrum are experiencing a surge in transaction volume, surpassing Avalanche.
- This growth mirrors DeFi's pre-summer 2020 trajectory, potentially signaling an upcoming Layer 2 boom.