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Bankless

ROLLUP: Bitcoin Top? Ethereum's Existential Risk | Restaking Summer Updates | Tornado Cash Trial

Jan 26, 2024

53:55

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In this podcast, the hosts discuss the recent decline in Bitcoin's price and potential impact of Grayscale's BTC ETF selling. They also cover the fluctuating prices of Bitcoin and Ethereum, the US government selling $130 million worth of Bitcoin seized from Silk Road, and the latest developments in restaking on Ethereum. The podcast explores the concept of restaking, risks and rewards associated with it, and the need to reduce reliance on Geth. Additionally, they delve into the Tornado Cash trial and its implications for privacy, free speech, and the legality of smart contracts on Ethereum.

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Episode notes

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Quick takeaways

The SEC has postponed its decision on the BlackRock Spot Ethereum ETF, indicating potential regulatory challenges for the Ethereum ecosystem.

The developers of Tornado Cash are facing trial, highlighting the importance of financial privacy and software development in the crypto industry.

Deep dives

BlackRock Spot Ethereum ETF Decision Delayed

The SEC has postponed its decision on the BlackRock Spot Ethereum ETF, citing the need for additional time to review the proposed rule changes. The new final decision is expected for August 7th. Other ETH ETFs have upcoming final decisions in the next few months.

1.

Introduction

4min

2.

Bitcoin and Ethereum Price Movements

7min

3.

Bitcoin and Ethereum Prices, US Government Selling Bitcoin, and Layer 2 Update

2min

4.

UMA Token and the Crypto Markets

6min

5.

Restaking Updates, Ethereum Bug, Tornado Cash Trial, and Sponsor Ads

2min

6.

Exploring Restaking and the Eigenlayer in the Ethereum Space

9min

7.

The Rise of Restaking and the Birth of a New Crypto Sector

3min

8.

The Risks of Ethereum's Client Bug and the Pressure to Reduce Geth's Dominance

3min

9.

Exploring the Impact of Bugs in Geth on the Ethereum Network and Updates on ETH ETF and Layer 2

4min

10.

The Tornado Cash Trial: Privacy, Free Speech, and Legal Implications

13min

Bankless Weekly Rollup

Final Week of January, 2024

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------ TIMESTAMPS & RESOURCES 00:00 Start

03:45 Markets https://x.com/lookonchain/status/1749801176621846958?s=20 https://twitter.com/deitaone/status/1749453448913805514? https://twitter.com/matt_hougan/status/1749834562547614000?s=46 https://x.com/pythianism/status/1750546708000608684?s=20 https://x.com/CoinDesk/status/1748717790737953239?s=20

11:06 Silk Road Selling

11:55 L2 Update https://l2beat.com/scaling/summary

14:32 Stock ATHs https://www.tradingview.com/chart/6pvEnBKK/?symbol=BLACKBULL%3ASPX500

21:24 Restaking Summer https://x.com/eigenlayer/status/1750208139365114087?s=20 https://app.eigenlayer.xyz/

26:33 How To Restake https://x.com/litocoen/status/1750019968639639918?s=20 https://dune.com/swell-network/swell-network https://x.com/pendle_fi/status/1745067042867433718?s=20

30:51 Why is Restaking Important?

32:54 Altlayer Airdrop https://x.com/alt_layer/status/1750397156039499969?s=20

33:47 ETH Client Bug https://x.com/NethermindEth/status/1749508268676764118?s=20 https://twitter.com/0xcygaar/status/1749486074483654859 https://twitter.com/Labrys_io/status/1749746305738703217 https://x.com/brian_armstrong/status/1749552489509392696?s=20 https://twitter.com/matthewbarby/status/1749826741302866165 https://twitter.com/LidoFinance/status/1749860092885819577?s=20 https://app.hex.tech/8dedcd99-17f4-49d8-944e-4857a355b90a/app/3f7d6967-3ef6-4e69-8f7b-d02d903f045b/latest?tab=client-diversity https://clientdiversity.org/#distribution

40:25 Tornado Cash Trials https://twitter.com/rstormsf/status/1749490246000238942?s=20 https://x.com/ameensol/status/1749493173444075535?s=20 https://wewantjusticedao.org/donate

45:16 ETH ETF Delayed https://x.com/WatcherGuru/status/1750246931656237518?s=20

46:54 L2 Updates https://x.com/arbitrum/status/1748073865132052689?s=20 https://x.com/0xPolygonLabs/status/1750245942261891364?s=20

50:41 AEVO is Migrating https://twitter.com/aevoxyz/status/1750013642278633510

Meme of the Week: https://twitter.com/JimmyRagosa/status/1749456437250535575?s=20

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

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