Joining us this week is Anthony Sassano! We'll explore whether the current price downturn signals the end of the bull market or just a minor hiccup in the cycle, analyze the Fed's latest rate cuts, and assess institutional adoption trends keeping crypto's momentum alive. Big L2 developments are making waves: Kraken's Ink chain hits mainnet early, Deutsche Bank ventures into zkEVMs, and ENS selects Linea for scaling its Namechain. Meanwhile, Pudgy Penguins launch the PENGU token, sparking controversy and volatility. Plus, fresh insights from the 2024 Crypto Developer Report and a closer look at the Aave vs. Polygon drama. Stick around for Anthony's On-Chain Spotify Wrapped and tips on spotting market tops!
 ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium
 ------ BANKLESS SPONSOR TOOLS:
 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     
 🦄UNISWAP | BUG BOUNTY PROGRAM https://bankless.cc/Uniswap-Bug-Bounty 
 ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 
 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle       📈 iYield: YOUR FINANCIAL PICTURE, SIMPLIFIED https://bankless.cc/iYield 
 🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku
 ------ TIMESTAMPS & RESOURCES
 00:00:00 Start  https://www.cnbc.com/2024/12/18/fed-meeting-live-updates-traders-await-december-interest-rate-cut.html  https://x.com/Matt_Hougan/status/1869627735267840135 
 00:02:45 Market  https://www.cnbc.com/2024/12/18/fed-meeting-live-updates-traders-await-december-interest-rate-cut.html  https://x.com/Matt_Hougan/status/1869627735267840135 
 00:09:10 Where Are We In This Cycle  https://www.grayscale.com/research/reports/the-state-of-the-crypto-cycle 
 00:12:04 ETF Flows https://farside.co.uk/?p=1518  https://farside.co.uk/btc 
 00:16:09 Mover Of The Week… Fartcoin? https://www.coingecko.com/en/coins/fartcoin   https://www.infinitebackrooms.com/dreams/conversation-1721540624-scenario-terminal-of-truths-txt 
 00:26:48 Developers, Developers, Developers https://www.developerreport.com/developer-report  https://x.com/MariaShen/status/1867295574242078980  https://x.com/MariaShen/status/1851702783319126277  https://x.com/RyanSAdams/status/1867324885732671778 
 00:34:54 Kraken Ink Chain Live https://x.com/inkonchain/status/1869417386761470219  http://inkonchain.com/dashboard 
 00:38:34 Deutsche Bank Announces zk L2  https://thedefiant.io/news/tradfi-and-fintech/deutsche-bank-s-1-5-trillion-project-dama-2-develops-ethereum-l2-zksync-38f6221f 
 00:41:32 Caroline Crenshaw Vote https://x.com/BrendanPedersen/status/1869055922238279940  https://x.com/standwithcrypto/status/1869151080300548383  https://www.citizen.org/article/support-comm-crenshaw/   https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409421  https://x.com/EleanorTerrett/status/1867301980890165398 
 00:47:14 Aave vs Polygon  https://governance.aave.com/t/arfc-adjust-risk-parameters-for-aave-v2-and-v3-on-polygon/20211  https://x.com/DefiIgnas/status/1868612366822461817  https://x.com/sandeepnailwal/status/1869153510756909475  https://x.com/stanikulechov/status/1869182600008679563 
 00:54:06 Pudgy Penguins Launched Their PENGU Token https://x.com/LucaNetz/status/1869005071624904959  https://x.com/suji_yan/status/1868682237488894422 https://claim.pudgypenguins.com/  https://www.coingecko.com/en/coins/pudgy-penguins-pengu https://nftpricefloor.com/ 
 00:58:15 Ethena Launched Its New Stablecoin https://x.com/ethena_labs/status/1868657723799470361  https://x.com/ZeMariaMacedo/status/1868673718911713602  
 01:00:35 Bankless Wrapped Just Launched! https://bankless.com/wrapped 
 01:04:37 How to Recognize Bull Market Tops? https://imgur.com/a/Vaw3TSW 
 01:10:42 Check Out The Daily Gwei Shoutout to The Daily Gwei for Ethereum-focused insights and updates. https://www.youtube.com/@TheDailyGwei
 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures