ROLLUP: Ethereum Burning | Penguin & Axie NFTs | Poly Network Hack | Infrastructure Bill (August 13)

Aug 13, 2021

Dive into the latest crypto happenings, where Ethereum's burn mechanism spurs excitement about its future. Discover how Axie Infinity breaks barriers by surpassing $1 billion in trading volume and reshaping the NFT landscape. Hear insights on DeFi innovations, including Uniswap and Balancer, while learning about the implications of Arbitrum's launch. Plus, a deep dive into the Poly Network hack reveals security concerns, alongside a peek into the evolving dynamics of traditional banking integrating with crypto.

01:31:49

forum

Ask episode

web_stories

AI Snips

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

insights

INSIGHT

ETH Price Surge

ETH price has almost doubled in just two to three weeks, reaching around $3100.
This surge follows EIP-1559 and the realization of substantial ETH burning due to high gas fees.

insights

INSIGHT

ETH/BTC Seasonality

Historically, ETH underperforms BTC in Q3 and Q4, leaving Ethereum holders disappointed.
Breaking this pattern this year would signal a fundamental shift in market perception of ETH versus BTC.

insights

INSIGHT

Institutional Shift to Ethereum

Institutional investors are rotating from Bitcoin to Ethereum, seeking yield opportunities in DeFi.
This aligns with the narrative of institutional demand for yield and increased exposure to Ethereum's ecosystem.

Get the Snipd Podcast app to discover more snips from this episode

Ethereum's Rise and Market Dynamics

02:22 • 21min

chevron_right

Ethereum's Burn Mechanism: A Market Analysis

23:49 • 4min

chevron_right

Ethereum Merge's Impact and Axie Infinity's Milestone

27:55 • 3min

chevron_right

The Rise of Play-to-Earn Games and NFT Integration

30:28 • 2min

chevron_right

Innovations in DeFi: Exploring Uniswap and Balancer

32:02 • 3min

chevron_right

Arbitrum's Launch and Innovations in DeFi

35:30 • 8min

chevron_right

Major Developments in Crypto: Fundraising, Wallet Competition, and the Poly Network Hack

43:59 • 5min

chevron_right

Cross-Chain Challenges and NFT Trends

48:42 • 22min

chevron_right

The Intersection of Traditional Banking and Crypto Innovations

01:10:16 • 5min

chevron_right

The Digital Ownership Revolution

01:15:41 • 13min

chevron_right

The Ethereum Advantage

01:28:25 • 3min

chevron_right

2nd Week of August 2021

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap

------ 📣 PoolTogether | Break up with your Lottery! https://bankless.cc/PoolTogether ------

Topics Covered:

0:00 Intro

1:30 MARKETS 2:05 BTC Price 3:04 ETH Price 7:10 ETH/BTC Ratio 9:55 ETH’s Q2 https://www.businesswire.com/news/home/20210804005657/en/Genesis-Q2-Report-Shows-Decreasing-Bitcoin-Dominance-and-Hedge-Funds-Diving-Into-DeFi 13:12 ETH Volume https://twitter.com/geenty/status/1425198900068110338?s=21 14:50 Institutional Demand https://twitter.com/fintechfrank/status/1425586708305829891 15:57 DeFi Action 20:10 Layer 2 Beat https://l2beat.com/ 23:21 EIP-1559 Burned: https://www.etherchain.org/burn Bankless-Inspired Dashboard: https://twitter.com/MSilb7/status/1423314663052218373?s=20 29:54 Axie $1B Volume https://twitter.com/Psycheout86/status/1423719170315800581?s=20 31:38 Coinbase’s Impressive Quarter https://twitter.com/CNBCClosingBell/status/1425186855641829381?s=20

33:00 RELEASES 35:00 Arbitrum in August https://twitter.com/arbitrum/status/1423709666203344899?s=21 38:26 Rarible Protocol https://twitter.com/rariblecom/status/1425840333854711809?s=20 39:17 Gearbox Leverage https://medium.com/gearbox-protocol/hello-world-this-is-gearbox-generalized-leverage-protocol-cbec5f34bb98 41:37 Raises Helium: https://twitter.com/TheBlock__/status/1425255811731894278?s=20 Dune Analytics: https://twitter.com/DuneAnalytics/status/1425821738626019330?s=20 Liquality Wallet: https://twitter.com/TheBlock__/status/1425200897475465220 TaxBit: https://twitter.com/CoinDesk/status/1425825002104922116?s=20 46:34 Jobs https://jobs.banklesshq.com/

1:13:00 TAKES 1:14:30 Coordinate, Don’t Overreact https://twitter.com/econoar/status/1423483356583370752?s=20 1:16:04 Su Zhu on jpegs https://twitter.com/zhusu/status/1423833467406585860?s=21 1:17:47 David on jpegs https://twitter.com/trustlessstate/status/1424119278085697536?s=21 1:19:05 Eric on jpegs https://twitter.com/econoar/status/1424506591080976391?s=21 1:20:03 Andrew Yang https://twitter.com/AndrewYang/status/1425193106950041600?s=20

1:21:26 What Anthony’s Excited About 1:22:38 What David’s Excited About

1:24:25 MEME of the Week https://twitter.com/BanklessHQ/status/1423503086459359235?s=20 Meme 2: https://twitter.com/TrustlessState/status/1423386503766437888?s=20

1:29:16 Closing & Disclaimers

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

Home Top podcasts Popular guests Top books