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Bankless

ROLLUP: SBF 25 Years | Coinbase vs. SEC | Blobs Demand | Blast Controversy

Mar 29, 2024

01:09:09

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Snipd AI

In this podcast, they discuss the speculation around Ethereum ETF approval and institutional influx in Bitcoin. They explore layer two successes, challenges, gas fee optimization, and Ethereum's leading innovations. The rising demand for blobspace and controversies, along with cryptocurrency updates and sponsor highlights, are also covered. Additionally, they touch on crypto regulation, Google features, and controversial coin investments.

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Increasing blobspace demand spikes Ethereum costs, highlighting ecosystem balance challenges.

Blast app's $62 million exploit prompts debates on chain rollback and network security protocols.

Swift response to relay bug ensures Ethereum network resilience amidst rising blobspace demand.

Deep dives

Blobspace Demand Rising

The demand for blobspace is increasing rapidly, leading to a competitive fee market. Initially driven by layer twos, the demand escalated due to inscriptions, non-layer two users putting data into blobspace, causing costs to rise. This surge in demand also caused temporary network instability, which was later linked to a relay bug by a third-party provider. The escalation in blobspace demand raises questions about maintaining balance and utility in Ethereum's ecosystem.

1.

Introduction

2min

2.

Institutional Influx and ETF Speculation

11min

3.

Exploring Layer Two Success and Challenges

2min

4.

Gas Optimization and Execution Throughput on Ethereum's Layer Two

8min

5.

Ethereum's Dominance and Leading Innovations in 2024

8min

6.

Rising Demand and Controversies in Blob Space

19min

7.

Cryptocurrency Updates and Sponsor Highlights

5min

8.

Crypto Regulation, Google Features, and Controversial Coins

14min

Bankless Friday Weekly Rollup Last Week of March, 2024

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TIMESTAMPS & RESOURCES

0:00 Intro

3:45 BTC ETF https://dune.com/hildobby/btc-etfs https://x.com/WatcherGuru/status/1773069643923570968 https://twitter.com/ki_young_ju/status/1772916778621919490

7:28 ETH ETF Update https://twitter.com/WatcherGuru/status/1772999593577390172 https://x.com/CraigSalm/status/1772360837094691302 https://x.com/EricBalchunas/status/1772372601098162624 https://dune.com/21co/tokenization-government-securities

13:00 L2 Update https://x.com/RyanSAdams/status/1772721673541747099

14:30 BASE TVL: https://l2beat.com/scaling/projects/base https://x.com/Uniswap/status/1773375430285799546 https://x.com/MSilb7/status/1770621672237720001 https://www.growthepie.xyz/chains/base https://x.com/0x_Osprey/status/1773044075802849391 https://imgur.com/8GiwM4e https://x.com/base/status/1772767382362055097 https://twitter.com/jessepollak/status/1773085753850925073 https://x.com/jessepollak/status/1773099759235993725 https://twitter.com/maxbranzburg/status/1772716138499039612 https://twitter.com/hildobby_/status/1772775087562764791 https://x.com/TrustlessState/status/1772736730623332673

23:45 Markets https://twitter.com/TimmerFidelity/status/1772645291088388128 https://twitter.com/BrantlyMillegan/status/1772314510088409382

29:50 Blob demand skyrocketing - is it too much for Ethereum to handle? https://twitter.com/nero_eth/status/1771198600405463531 https://x.com/hildobby_/status/1773036022726627795 https://imgur.com/M8N9Plt https://x.com/ercwl/status/1773152515875340704 https://x.com/Data_Always/status/1773056653664940219 https://x.com/terencechain/status/1773123126202601942 https://x.com/peter_szilagyi/status/1773158997446557930 https://x.com/TrustlessState/status/1773160352479392107

38:23 Blast Controversy - Rollback the chain? https://twitter.com/PopPunkOnChain/status/1772746208047518025 https://twitter.com/zachxbt/status/1772843238539325947 https://twitter.com/0xquit/status/1772751865467596823 https://x.com/ercwl/status/1772781474867011752 https://x.com/_munchables_/status/1772846122236862789 https://x.com/PacmanBlur/status/1772871466935013701 https://twitter.com/nearisbuilding/status/1772866110733287466 https://twitter.com/jchervinsky/status/1772970536441713001

46:10 SBF Sentenced to 25 years https://x.com/innercitypress/status/1773376299626574125 https://blockworks.co/news/sam-bankman-fried-sentenced https://x.com/innercitypress/status/1773347397181092141 https://x.com/innercitypress/status/1773349731638394936 https://x.com/TrustlessState/status/1773358297308868973 https://x.com/crypto_bobby/status/1773358858678816783 https://x.com/Dogetoshi/status/1773370058892271763

53:57 Ethena is launching its token! https://twitter.com/ethena_labs/status/1773077170132320626 https://www.bankless.com/airdrop-hunter

55:23 Google integrated ENS into search! https://warpcast.com/sassal.eth/0x36e35d26 https://twitter.com/RyanSAdams/status/1773076211947765921

56:57 Did Coinbase lose to the SEC? https://x.com/RyanSAdams/status/1772984052653478333 https://x.com/iampaulgrewal/status/1772993916146479193 https://x.com/iampaulgrewal/status/1772993916146479193 https://twitter.com/jchervinsky/status/1772999508462309511

58:49 CFTC vs KuCoin https://www.coindesk.com/business/2024/03/26/crypto-exchange-kucoin-violated-anti-money-laundering-laws-us-charges/ https://twitter.com/jchervinsky/status/1772666739995595007

59:50 Kraken Financial, a state-chartered bank, is live! https://twitter.com/davidlripley/status/1770952985411301724

1:00:37 Raises and BVC Investments https://x.com/build_on_bob/status/1773020961597452634 https://twitter.com/SuccinctLabs/status/1770843544388771914

1:02:41 MEME of the Week https://twitter.com/liamihorne/status/1772363988757561474

1:03:23 Closing & Disclaimers

1:03:33 Moment of Zen https://x.com/outttoforderrr/status/1773020500060512767

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

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