Bankless

ROLLUP: China Bitcoin Miners, John McAfee, EIP-1559 Testnet, Layer 2 Ethereum (4th Week of June)

Jun 25, 2021
This week, the podcast dives into the shifting dynamics of DeFi, revealing how hacks have transitioned from Ethereum to Binance Smart Chain. A notable investment by a whale suggests a bullish outlook on ETH. There’s an exploration of the growing trend toward Layer 2 solutions, sparking innovation in the blockchain space. Additionally, the ethical dilemmas surrounding fund mismanagement and the impact of Bitcoin mining shifts in China raise important questions. Lastly, the activation of EIP 1559 on Ropsten is a highlight, promising changes for the Ethereum ecosystem.
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ADVICE

Secure Your Crypto

  • Secure your crypto assets with a Ledger hardware wallet.
  • Use the Ledger Live app with Paraswap for optimized trades.
INSIGHT

Bitcoin Price Confusion

  • Bitcoin's price is currently around $34,300.
  • The market is generally confused about Bitcoin's short-term trajectory.
INSIGHT

Bitcoin Head and Shoulders

  • Traders are discussing a potential head and shoulders formation for Bitcoin.
  • This formation could signal a drop to around $20,000 or lower.
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