Bankless ROLLUP: SEC vs Crypto | Evergrande | Robinhood Wallets | Layer 2 Ethereum | Yearn v3 | Coinbase Lend
Sep 24, 2021
Explore how the SEC's regulatory actions are reshaping the crypto landscape, while Bitcoin and Ethereum experience notable price shifts amid market volatility. Discover advancements like Evergrande's financial turmoil impacting crypto and the emerging innovations from Yearn and CoinVise. Dive into Robinhood's wallet updates and the rise of social tokens, all while navigating the friction between crypto enthusiasts and regulators. This discussion highlights the passion within the community and the exciting future for decentralized finance.
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In-Person Events
- David Hoffman attended Messari Mainnet and found the in-person experience irreplaceable.
- He encourages Ryan Sean Adams to attend one, emphasizing their importance beyond the metaverse.
Market Downturn
- Bitcoin and ETH prices fell 8% and 12%, respectively, this week, while DeFi tokens (DPI) dropped by 20%.
- This suggests a risk-off environment due to regulatory FUD and the Evergrande situation in China.
EIP-1559 Impact
- EIP-1559 significantly reduced ETH selling pressure from miners.
- This contributes to ETH's supply shock narrative and strengthens network security under proof-of-stake.