Bankless

ROLLUP: Bitcoin's ATH Run | AI Memecoin Meta | Blobs Price Discovery | Microsoft Buying Bitcoin?

Nov 1, 2024

The discussion kicks off with the rise of AI agents in crypto and growing Bitcoin inflows ahead of the U.S. election. They explore Ethereum's price discovery and potential Microsoft acquisitions of Bitcoin. A surge in meme coins and advancements in layer two networks is also highlighted. The hosts analyze Bitcoin's approaching all-time high, the dominance of USDC in the stablecoin market, and Robinhood's new prediction markets feature. They also touch on regulatory challenges for centralized stablecoins and the evolving nature of digital interactions.

01:06:31

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Quick takeaways

AI agents are evolving into autonomous entities that engage with communities and promote tokens, raising questions about their future roles in crypto.

Bitcoin's recent inflows and proximity to an all-time high highlight the influence of political events and institutional support on its market dynamics.

Microsoft's potential investment in Bitcoin is under scrutiny, reflecting a shift in corporate attitudes towards cryptocurrency amid rising prices and proposed shareholder proposals.

Deep dives

AI Agents and Their Emergence in Crypto

AI agents have recently gained attention in the crypto world, representing a significant evolution from traditional bots to more autonomous entities. These agents are built on algorithms capable of interacting with users, managing tokens, and engaging with communities, pushing the boundaries of automated market participation. For instance, the AI agent known as 'Terminal of Truth' has been involved in promoting the Goat token, significantly increasing its market value and creating a following that approaches cult-like status. Such developments raise questions about the future roles and functionalities these agents might occupy within the broader crypto ecosystem.

Engagement Fuels Value

00:58

Irony in Legal Maneuvers

01:06

Intro

2min

Election Speculations and Crypto Market Dynamics

2min

Bitcoin and Ether Bull Run Analysis

9min

Analyzing Memecoins and Layer Two Advancements

3min

USDC Dominance and StarkNet Innovations

15min

Robinhood's New Prediction Markets and the Evolution of Betting

5min

AI Agents in Crypto: New Frontiers

16min

Centralized Stablecoins and Market Reactions

5min

Token Incentives and Regulatory Ironies

9min

It's The Bankless Friday Weekly Rollup! In this episode, we dive into the rise of AI agents on blockchain, a surge in Bitcoin inflows ahead of a Trump-favored election, Ethereum “blobs” entering price discovery, and speculation around Microsoft potentially buying Bitcoin. ------ 📣 LEGION | MERIT BASED ICOs https://bankless.cc/Legion ------ BANKLESS SPONSOR TOOLS:

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

00:04:03 Markets https://pro.kraken.com/app/trade/btc-usd https://x.com/caprioleio/status/1850831666119623006 https://x.com/EricBalchunas/status/1850884568553013459 https://x.com/jords/status/1850983097808175152?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g https://www.coingecko.com/en/global-charts

00:13:52 L2 Update https://x.com/peterschroederr/status/1850556872727945285 https://x.com/dimahledba/status/1851535737482604681?s=46 https://x.com/dimahledba/status/1851183188288127237?s=46 https://x.com/dylankugler/status/1850997725111669044 https://x.com/sreeramkannan/status/1851616723197428109

00:18:23 Blobspace https://x.com/timjrobinson/status/1851222351524036855 https://x.com/0xbreadguy/status/1851244266137510063?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g

00:28:27 Election Updates https://polymarket.com/elections https://newsroom.aboutrobinhood.com/introducing-the-presidential-election-market/ https://x.com/amitisinvesting/status/1850868412806746217

00:35:02 AI Agents https://x.com/truth_terminal https://www.coingecko.com/en/coins/goatseus-maximus https://app.virtuals.io/virtuals/68 https://terminal.virtuals.io/ https://x.com/wojtekwtf/status/1850835219160416486 https://warpcast.com/aethernet https://x.com/tee_hee_he https://x.com/MurrLincoln/status/1850226148594082120

00:50:16 US prosecutors are investigating Tether https://www.wsj.com/finance/currencies/federal-investigators-probe-cryptocurrency-firm-tether-a13804e5 https://x.com/paoloardoino/status/1849876338573799912

00:55:14 OP Foundation Gave 425M OP To Ink https://www.coindesk.com/tech/2024/10/29/optimism-foundation-agreed-to-give-kraken-425m-of-op-tokens-in-layer-2-deal/ https://x.com/Fwiz/status/1851280684473897466

00:57:35 RocketPool Upgrade https://x.com/drjasper_eth/status/1849206972702228482

00:59:37 Microsoft Buying Bitcoin? https://x.com/jameslavish/status/1849598011082670387 https://x.com/saylor/status/1849790766945587241

01:01:17 SEC NFT Trolling https://x.com/brianlfrye/status/1851118844766535860 https://www.youtube.com/watch?v=96Cyp-nsL6k

1:04:44 Meme Of The Week https://x.com/GoldTelegraph_/status/1850667711355113621