This podcast explores the confirmation of a bull market and discusses hot markets such as Solana and the recent Gito token airdrop. It also covers topics like the US Treasury's plan for crypto, updates on Coinbase Wallet, and the Evo trading platform. The hosts delve into the impact of the Geto airdrop on Solana's community wealth and discuss recent developments in the crypto space, including JP Morgan's project and Ethereum updates.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Coinbase Wallet introduces payment links for zero-fee peer-to-peer USDZ transfers on compatible networks.
US Treasury's proposed expansion of powers under Bank Secrecy Act targets crypto entities and services, raising concerns about privacy and innovation.
StakeWise v3 introduces modularity and expands Restaking Caps, offering more opportunities for Ethereum holders to earn yield and participate in the Liquid Staking ecosystem.
Deep dives
Coinbase Wallet Introduces Peer-to-Peer Payments via Link
Coinbase Wallet now allows users to create payment links embedded with USDZ payments, which can be sent to anyone through various messaging platforms. The link directs recipients to Coinbase Wallet or prompts them to download the app, where they can receive the USDZ payment on compatible networks such as Arbitrum, Base, Optimism, Polygon, and Avalanche. These peer-to-peer payments via link offer zero fees for USDZ transfers and aim to simplify the user experience of sending and receiving payments in crypto.
Crypto Financial Surveillance Expansion Proposed by US Treasury
The US Treasury has recommended expanding its powers under the Bank Secrecy Act to target crypto entities and services facilitating funding for terrorists and illicit actors. The proposed expansion includes treating exchanges, virtual asset service providers, virtual asset wallet providers, DeFi apps, and even open-source software developers as financial institutions. This move has been criticized for its potential invasive impact on crypto and its implications for privacy and innovation within the industry.
Updates in Liquid Staking: StakeWise v3 Modularity and EigenLayer Restaking Caps Increase
StakeWise v3, the upgraded version of StakeWise, introduces modularity, allowing different modules known as vaults to govern their own independent structures within the liquid staking system. Each vault can manage its own fees, strategies, and insurance while also becoming an EigenLayer Restaking Network. Moreover, EigenLayer, an Ethereum data availability layer, is expanding its Restaking Caps to include additional Liquid Staking Tokens such as StakeWise, Swell, Origin, Stater, Binance, and Anchor. These updates offer more opportunities for Ethereum holders to earn yield from staked assets and participate in the growing Liquid Staking ecosystem.
Sam Bankman-Fried Found Guilty in Billion-Dollar Crypto Scandal
Sam Bankman-Fried, the founder of FTX Exchange, was found guilty on all charges related to a multi-billion dollar cryptocurrency scandal. He faced allegations of theft and taking advantage of FTX customers. Bankman-Fried's actions resulted in significant financial losses for some individuals, while others considered him a powerful figure in the crypto industry. The verdict highlights the importance of accountability and integrity within the crypto space.
Crypto Memes: Distracted Dude Meme - Fundamentals vs Narratives
The meme depicts the classic distracted dude and his girlfriend meme format. In this version, the distracted dude is labeled as 'Narratives' while his girlfriend is labeled as 'Fundamentals'. The meme humorously represents the tendency in a bull market for investors to be more attracted to speculative narratives rather than focusing on the fundamentals of an asset, reflecting the excitement and focus on short-term market sentiment rather than long-term value.