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Bankless

ROLLUP: ETH Price Target | ETF Launch Date | Celebcoin Drama | Major New L2s

May 31, 2024

01:16:02

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Snipd AI

Exploring Ethereum ETF approval impact on price, celebrity coin drama, layer 2 updates, and potential market surge. Insights on ETF launch date speculations, crypto scams, and future market narratives. Discussion on tech adoption, Kraken, Cartesi, Celo, and ZK technology impact. Analyzing total value locked comparisons, governance debates, and layer 2 scaling solutions for Ethereum.

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Podcast summary created with Snipd AI

Quick takeaways

Political figures like Donald Trump and Caitlyn Jenner's involvement in crypto indicates a shift towards crypto-friendly positions in mainstream politics.

Caitlyn Jenner's 'Jenner' token launch on Solana faced controversy over market cap manipulation, highlighting risks associated with celebrity token promotions.

The upcoming congressional hearing on digital assets led by Patrick McHenry signifies a growing focus on educating policymakers about crypto technologies.

Advancements in layer 2 solutions, such as Tyco's ZK EVM base roll-up and Solana's governance decision on transaction fees, showcase ongoing innovation and discussions in the crypto space.

Deep dives

Trump's Crypto Pivot

Donald Trump's recent statements show a shift towards supporting crypto, emphasizing self-custody, and promising to protect crypto holders from regulations. His stance signals a strategic move to win over the crypto community.

Napkin Math on Crypto Market Cap and Prices

1.

Introduction

2min

2.

Postponed Fight, Ethereum ETF Approval, Political Developments, and Celebrity Coin Releases

2min

3.

Crypto Scams, Layer Two Updates, and Transporter Bridging App Discussion

3min

4.

Update on Ethereum ETF Approval and Launch Process

4min

5.

Ethereum's Market Potential and Demand Amid ETF Speculation

19min

6.

Tech Narratives and Crypto Developments

7min

7.

Crypto Market Impact and Celebrity Coin Drama

19min

8.

Exploring Layer 2 Solutions and Total Value Locked Comparison

3min

9.

Ethereum Layer Two Updates and Governance Debates

18min

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E

------ Bankless Friday Weekly Rollup Last Week of May

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance

------ TIMESTAMPS & RESOURCES 00:00:00 Injury Updates

00:05:16 Markets https://pro.kraken.com/app/trade/btc-usd https://pro.kraken.com/app/trade/eth-usd

00:07:22 ETF Update https://x.com/tier10k/status/1793758369804886200?s=46&t=LKBC7Qtm18FnZ380xCF2pA

00:09:08 When Will ETFs Launch? https://x.com/EricBalchunas/status/1795934675380109479 https://x.com/NateGeraci/status/1795255561753424157 https://x.com/JSeyff/status/1795933440090452413

00:11:09 ETH Price Impact https://imgur.com/a/rkIfckX https://www.theblock.co/post/296237/qcp-capital-predicts-spot-ethereum-etf-approvals-could-drive-prices-higher https://www.grayscale.com/research/reports/the-state-of-ethereum https://thedefireport.io/research/the-turning-point#a-simple-framework-to-think-about-p https://x.com/ZachLight16/status/1794778924381082003

00:19:31 The ETH Narrative https://x.com/TrustlessState/status/1795595286972383494 https://youtu.be/vo2PjvZHIR4?si=ICEq25ulL4iaguOg&t=140 https://youtu.be/rlZo7x2ABHw?si=K6WKpHGP-4_L1k5w&t=50 https://x.com/jdorman81/status/1792927796353814640

00:30:26 David's Challenge

00:34:47 The Saylor Pivot https://x.com/JasonYanowitz/status/1793627497398948193 https://x.com/BeagleBitcoin/status/1794443617399885986 https://x.com/nic__carter/status/1792706827748294947 https://x.com/sassal0x/status/1794603287431528522

00:41:05 Presidential Pivot https://x.com/yugacohler/status/1794540212254589369 https://twitter.com/BitcoinMagazine/status/1794535395176366260?t=zcNFn9egY0fRCpxYNRu7sQ&s=19 https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024?utm_source=twitter&utm_medium=social

00:47:21 Celeb Coins https://x.com/Caitlyn_Jenner/status/1794886435985846680 https://www.coingecko.com/en/coins/caitlyn-jenner https://x.com/Caitlyn_Jenner/status/1795269306693075404 https://x.com/Caitlyn_Jenner/status/1795277298490605934 https://x.com/Caitlyn_Jenner/status/1795973191325585733 https://x.com/coffeebreak_YT/status/1795948137397338120 https://x.com/waleswoosh/status/1795046157674045567

00:57:09 L2 Update https://l2beat.com/scaling/summary https://x.com/jessepollak/status/1795572376555712551 https://x.com/0xDesigner/status/1794040845642957102

00:59:57 ENS L2 https://x.com/ensdomains/status/1795440186513576318

01:01:33 Taiko Mainnet https://x.com/taikoxyz/status/1795078728768483464

01:03:14 Solana Updates https://forum.solana.com/t/proposal-for-enabling-the-reward-full-priority-fee-to-validator-on-solana-mainnet-beta/1456/97

01:05:52 ETH vs SOL Debate

01:06:32 Gary Takes Another L https://x.com/iampaulgrewal/status/1795511035870285827

01:08:20 Gemini Earn Updates https://x.com/Gemini/status/1795819898049884468 https://x.com/JSeyff/status/1795928574878245126

01:10:18 Railgun Volume Record https://thedefiant.io/news/regulation/railgun-privacy-protocol-surpasses-usd1b-in-volume-amid-crackdown-on-crypto-mixers

01:13:29 Warpcast Bankless Frame https://warpcast.com/bankless/0xca3e17df?utm_source=Socials&utm_medium=Farcaster&utm_campaign=warpcastclaimables

01:14:47 Meme of The Week https://x.com/eawosikaa/status/1795659750702719348

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

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