This podcast discusses the four-year boom-bust cycles in crypto, token distribution and staking in the Cosmos ecosystem, total crypto market cap and layer 2 solutions, Bitcoin market activity and upcoming topics, the launch of Jupy token on Solana's network, and the introduction of Farcaster frames on the crypto social network. They also talk about the comparison of active wallets on different blockchain networks and provide updates on FTX repaying customers and the progress of the Ethereum upgrade.
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Quick takeaways
FTX announces plans to fully compensate customers who lost funds in the hack
The Ethereum upgrade, Dancun, is expected to launch on the mainnet by the end of March
The Ethereum Protocol Guild introduces a pledge for projects to donate 1% of their tokens to support Ethereum development
Approval for a spot Ether ETF by the SEC is predicted to be unlikely until late 2025 or early 2026
Deep dives
FTX expects to fully repay customers
FTX announces that it will fully repay customers who lost funds in the hack, with some caveats regarding the value of the funds at the time of the hack.
Ethereum's upcoming upgrade
The Ethereum upgrade, known as Dancun, is progressing through testnets and is on track for a mainnet release by the end of March.
Protocol Guild Pledge
The Ethereum Protocol Guild introduces a pledge for projects with tokens to donate 1% of their tokens to support the development of Ethereum.
Ripple co-founder's hack
Chris Larsen, co-founder and chairman of Ripple, had unauthorized access to his personal XRP accounts, resulting in the theft of $112 million worth of XRP.
Spot ETH ETF approval timeline
According to an analyst, the approval for a spot Ether ETF by the SEC is unlikely until late 2025 or early 2026 due to political considerations.
Puffer Finance's "Mega Week"
Puffer Finance announces a "Mega Week" featuring boosted incentives for users in the form of a distribution of EGT tokens from the Etherum treasury over a 10-day period.
Cryptocurrency user growth in 2023
On-chain crypto users grew by a record 62 million in 2023, with Ethereum, Arbitrum, and Polygon showing significant growth in user adoption.