The podcast covers major events in the crypto industry in 2023, including the rise of Solana, the collapse of Silicon Valley Bank, the success of Pudgy Penguins in the NFT world, and the legal challenges faced by the SEC. It also discusses the charges against Binance CEO CZ and his subsequent resignation.
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Quick takeaways
Coinbase introduces its own layer 2 network, signaling legitimacy in the crypto industry.
The collapse of Silicon Valley Bank and other banks impacts stablecoins and raises contagion fears.
Several scammers in the crypto industry, including Dokwon and Bankman, are arrested and face justice.
Arbitrum's launch and Pudgy Penguins gaining popularity with Walmart deals and the release of Pudgy World.
Ripple wins against the SEC in court, setting precedent for crypto cases, and Grayscale sees victory for its ETF proposals.
MicroStrategy purchases over $1.3 billion worth of Bitcoin, riding the bull market.
Deep dives
The 10 Biggest Events of Crypto in 2023
Bitcoin and Solana rise from the ashes, CZ pleads guilty, SEC lawsuits against Binance and exchanges, airdrops galore, and more.
Coinbase Launches Base Layer 2 Network
Coinbase introduces its own layer 2 network, base, signaling legitimacy in the crypto industry.
Collapse of Silicon Valley Bank and the Bank Crisis
The collapse of Silicon Valley Bank and other banks, causing contagion fears and impacting stablecoins.
Scammers Arrested
Several scammers in the crypto industry, including Dokwon and Bankman, are arrested and face justice.
Arbitrum and Pudgy Penguins Rise
Arbitrum's launch and Pudgy Penguins gaining popularity with Walmart deals and the release of Pudgy World.
The SEC Takes Ls in Ripple and Grayscale Cases
Ripple wins against the SEC in court, setting precedent for crypto cases, and Grayscale sees victory for its ETF proposals.
Michael Saylor and MicroStrategy Dollar Cost Average
MicroStrategy purchases over $1.3 billion worth of Bitcoin, riding the bull market.
Solana Rises and Airdrop Season Begins
Solana makes a comeback, rising in value, and Tia and GITO launch successful airdrops to users.
Eigenlayer and Restaking Networks Gain Traction
Eigenlayer and restaking networks, such as Tia, gain popularity, providing new opportunities for crypto holders.
Binance Founder CZ Pleads Guilty
CZ of Binance pleads guilty to federal charges and is released on bond, with plans for a change in leadership.
Crypto Market Cap Doubles
The total crypto market cap increases to $1.6 trillion, with Bitcoin and Ethereum prices surging.
Looking Ahead to 2024
Hopeful sentiments for 2024, with expectations of continued adoption, expansion, and new developments in the crypto industry.
0:00 Intro 6:00 Markets 1 Year Ago 8:00 Base https://help.coinbase.com/en/coinbase/other-topics/other/base 10:00 SVB https://en.wikipedia.org/wiki/Collapse_of_Silicon_Valley_Bank 12:30 Balaji’s Bitcoin Bet 13:40 Scammers Arrested 15:00 Arbitrum Airdrop 17:00 Bitcoin Ordinals 22:40 Friend.tech 26:20 Pudgy Penguins IP 30:00 SEC Losing in Court 35:20 SEC Suing Exchanges 36:30 Michael Saylor Buying Bitcoin 39:35 CZ Steps Down 43:25 Solana Boom 47:00 Celestia and Jito Airdrop Season 49:45 Where We Are Now 52:30 Looking to 2024
—— Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures
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