Bankless ROLLUP: Elon Musk Buys Twitter?! | 8.5% Inflation | Tax Week | Epic Games Building the Metaverse
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Apr 15, 2022 The discussion dives into the thrilling world of cryptocurrency and its market fluctuations. Elon Musk's influence on the crypto landscape is humorously linked to tax memes and rising inflation. The hosts shed light on a charity-focused NFT initiative aimed at supporting youth affected by HIV and AIDS. They also explore the dynamics of Ethereum and Bitcoin amid soaring inflation and the decline of the Ichi token. Finally, the importance of self-sovereignty in crypto ownership and the evolving landscape of DeFi are highlighted, leaving listeners with insightful perspectives.
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Market Sentiment
- Ryan Sean Adams feels bullish about the crypto market despite inflation and Fed actions.
- He believes macro factors are holding crypto back, but recovery will be swift.
ETH Gas and Deflation
- ETH's gas price determines its deflationary nature post-merge.
- At 15 gwei or higher, ETH becomes deflationary due to burning mechanisms.
ICHI Token Collapse
- The ICHI token collapsed 99% in 12 hours due to over-leveraging and low liquidity.
- A Rari Fuse pool with an 85% loan-to-value ratio fueled the collapse.