Bankless ROLLUP: M2 Money Supply Flipped Bullish | Robinhood Wells Notice | Trump Supports Crypto | Friend.tech Token
12 snips
May 10, 2024 The latest discussion highlights the bullish turn in M2 money supply and its implications for cryptocurrencies, especially Bitcoin. Robinhood faces a Wells notice from the SEC, igniting a debate on crypto regulation and political dynamics. Solana's fee revenue is gaining attention as the market shifts. Innovations like self-custody management are showcased, illustrating the increasing adoption of decentralized finance. Finally, the podcast explores the unique bankruptcy case of a crypto exchange that could benefit creditors unusually.
AI Snips
Chapters
Transcript
Episode notes
Bullish Crypto Signals
- Several on-chain metrics suggest a potential crypto bull market resurgence.
- These include M2 money supply flipping positive, Grayscale GBTC seeing inflows, and stablecoin market supply increasing.
Solana MEV Outpaces Ethereum
- Solana's MEV revenue has recently outpaced Ethereum's, indicating a strong fee market and increased network usage.
- However, long-term sustainability and MEV distribution to SOL holders remain important factors to monitor.
Robinhood vs. SEC
- Robinhood received a Wells notice from the SEC regarding its crypto business, but the company plans to fight back in court.
- This adds to the growing number of crypto companies challenging the SEC's enforcement actions.