Bankless ROLLUP: Memecoin Mania | Tornado Cash Win! | Pro-Crypto Trump Cabinet | Justin Sun & WLFI
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Nov 29, 2024 Memecoin mania takes center stage with shocking livestream incidents and record trading volumes. Political shifts emerge as Trump nominates a pro-crypto Treasury Secretary, raising questions about policy. A major court victory for Tornado Cash emphasizes the fight for crypto privacy, declaring smart contracts unsanctionable. The podcast delves into the evolving landscape of meme coins, the influence of AI in crypto, and the legal challenges facing decentralized finance. Exciting developments and community dynamics highlight the rapidly changing world of cryptocurrency.
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Pump.fun's Dark Side
- Pump.fun's livestream feature encouraged extreme behavior to gain attention in meme coin trading, including disturbing acts.
- This led to the platform disabling the feature due to its negative impact on the crypto community.
Base & Farcaster Surge
- Base and Farcaster experienced all-time high TPS and inflows due to meme coin activity and AI agent interactions.
- New "programmable social" apps like Anoncast and Clanker enable anonymous token creation and other AI-driven interactions.
Tornado Cash Legal Win
- A judge ruled that the Treasury overstepped its authority in the Tornado Cash case, stating that immutable smart contracts cannot be sanctioned.
- This is a significant legal win for crypto, but Tornado Cash remains on the OFAC sanctions list pending further legal action.