Discussions on Bitcoin ATH's, Coinbase crashes, Blast Mainnet launch, Uniswap proposal, Mantle's DeFi platforms, layer two scalability progress, Ethereum-denominated yield, market volatility, Kraken's legal actions against SEC, regulatory impact on crypto platforms, upcoming events like 'blobs' and Ethereum upgrade, unveiling Satoshi's emails, viral internet challenge of a seventh grader aiming for UFC in Thailand
Read more
AI Summary
Highlights
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Kraken stands firm against SEC's enforcement action, highlighting resistance to regulatory pressures.
Gemini Earn customers to receive full capital back, enhancing platform trust and user confidence.
Uniswap fee switch activation boosts Uni token price by 70%, signaling value generation for token holders.
Deep dives
Kraken Fights Back Against SEC
Kraken recently filed a motion to dismiss the SEC's enforcement action against them, accusing the SEC of retaliation for their testimony before Congress. They are pushing back against the lawsuit and are seeking dismissal. This bold move by Kraken showcases their determination to stand up against regulatory pressures.
Gemini Earn Customers to Receive Full Capital Back
Gemini Earn customers are set to receive 100% of their capital back, pending court approval of a settlement with Genesis. This unexpected turn of events, where customers will receive their assets in kind, marks a positive outcome for Gemini Earn users and strengthens trust in the platform.
Uniswap Fee Switch Proposal and Token Price Surge
Uniswap introduced a proposal to turn on the fee switch, offering rewards to Uni holders who have staked their tokens. This move resulted in a significant price surge of Uni token by 70%, signaling a shift towards cash flow for token holders and impacting other DeFi tokens in the market.
Implications of Uniswap Fee Switch on Crypto Economy and DeFi Tokens
The proposal to activate the fee switch on Uniswap and the subsequent price surge of Uni token could have widespread implications for the crypto economy and DeFi tokens. This move towards rewarding token holders with cash flow signifies a shift towards more tangible value generation within the DeFi space, potentially leading to increased investor interest and participation.
Arbitrum Orbit and Cello Blockchain Integration
Arbitrum's secure scaling technology, known as Arbitrum Orbit, provides customizable permissions and dedicated throughput for developers, enterprises, and users to elevate their projects. Cello, a mobile-first carbon-negative blockchain, focused on mobile payments and DeFi, is gaining traction with plans to integrate with Ethereum layer 2 solutions like Optimism and Polygon.
Ethereum Protocol Upgrade and Avalanche Downtime
Ethereum's upcoming protocol upgrade, known as Bancoon, promises to significantly reduce roll-up transaction fees and stimulate economic activity within the Ethereum ecosystem. Meanwhile, Avalanche, a Layer 1 network, faced a five-hour downtime, highlighting the importance of multi-client systems in the blockchain space.
Bankless Weekly Rollup Last Week Of February ------ 🌐 CARTESI | MODULAR EXECUTION ON LINUX https://bit.ly/3SYkjzF ------ 🎧 Listen On Your Favorite Podcast Player: https://bankless.cc/Podcast ------ BANKLESS SPONSOR TOOLS: