Bankless ROLLUP: Rate Cuts Price Savior? | Trump’s DeFi Project | Vitalik’s Documentary
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Sep 20, 2024 The Fed has cut rates by 50 basis points, stirring market reactions. Trump unveils plans for a new DeFi venture called World Liberty Financial, aiming to simplify crypto access. Meanwhile, Bitcoin enthusiasts watch Trump buy a burger in NYC with crypto, while Ethereum fans celebrate a new documentary. The podcast also digs into the challenges facing both Bitcoin and Ethereum, urging a reassessment of Ethereum's role in the DeFi landscape as regulations loom.
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Ethereum Ratio at 3-Year Low
- The Ethereum ETH/BTC ratio is at a three-year low, resembling market sentiment from 2019-2020.
- This evokes feelings of undervaluation among Ethereum enthusiasts.
Leveraged ETH Tokens
- Consider Index Coop's leveraged tokens for long-term ETH exposure.
- These tokens offer 2x or 3x long ETH positions using Aave and Uniswap.
Fed Rate Cut and Market Reaction
- The Fed cut rates by 50 bps, the first cut since the pandemic and the largest since 2008.
- Market reaction was muted, raising questions about the Fed's intentions.