Bankless ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade
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Jun 14, 2024 
Anthony Cezano, a knowledgeable voice in Ethereum and Layer 2s, discusses the newly introduced ZK token and the challenges of the recent ZK Sync airdrop, emphasizing community contributions over team allocations. He delves into the significance of Optimism's fraud proofs and the long-awaited Pectra upgrade for Ethereum, which promises enhanced validator staking and data availability. Cezano navigates the complexities of the current crypto market, touching on Bitcoin ETFs and the cyclical nature of investor behavior. Join him for insights into the evolving landscape of decentralized technology!
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Lack of New Money in Crypto
- The crypto market needs new money to grow beyond speculation.
- Current sideways price action suggests a lack of new investors.
Bitcoin's Unusual Price Action
- Bitcoin broke all-time highs in March 2024 but hasn't seen significant price discovery.
- This unusual stagnation could indicate a market correction towards the typical four-year cycle.
ETH/BTC Ratio and ETF Flows
- The ETH/BTC ratio retraced gains despite ETH ETF approval, likely due to the lack of actual inflows yet.
- The market anticipates ETH ETF trading to begin in early July.
