Bankless Weekly Rollup 3rd Week of May 2023  ------ 🚀 AIRDROP ALPHA 🚀 https://bankless.cc/Alpha  ------ 🚀 Consensys Diligence Fuzzing https://bankless.cc/diligence-fuzzing-pod  ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask   👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku   🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable   🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ Topics Covered 0:00 Intro 2:55 MARKETS 5:00 ETH Staking Update https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators  Monitor: https://validator-queue-monitoring.vercel.app/  7:00 Macro Market Trends https://www.cnbc.com/2023/05/15/paul-tudor-jones-says-the-fed-is-done-raising-rates-stocks-to-finish-the-year-higher-from-here.html  11:20 Liquidity Drying Up https://twitter.com/ramahluwalia/status/1657924211770380290   https://www.youtube.com/watch?v=qbr8965IYfo&t=3830s  13:30 The Bore Market https://twitter.com/sassal0x/status/1656857007385894912  14:50 The Promise of Crypto https://twitter.com/RyanSAdams/status/1659177889428914177  16:30 Layer Two Activity https://l2beat.com/scaling/tvl  21:30 What Happened to Ethereum? https://twitter.com/0x_Osprey/status/1659019122548830209  24:40 Client Diversity https://clientdiversity.org/#why  27:15 Not a Monolith https://twitter.com/TrustlessState/status/1657316158729494528  29:30 Block Reorgs https://www.youtube.com/watch?v=QkMjcqVEARc  33:15 Is Ledger Safe? https://www.ledger.com/recover  36:30 Ledger Comms https://twitter.com/Ledger_Support/status/1658892462440456192  40:10 Canceling Ledger https://twitter.com/oklahodl1/status/1658580508320620546  https://twitter.com/0xfoobar/status/1658460603831263232  https://twitter.com/Mudit__Gupta/status/1658368265687556097  https://twitter.com/hosseeb/status/1658740433361702913  43:25 Did They Do Anything Wrong? https://twitter.com/0xfoobar/status/1658965272416452609  49:00 Redundancy https://twitter.com/TrustlessState/status/1658788949165322242  51:00 Coinbase vs the SEC https://twitter.com/MetaLawMan/status/1656737447756038177  53:30 Gary Speaks https://twitter.com/ROCKilroy/status/1658206561125146630?s=20  55:00 Summary https://twitter.com/milesjennings/status/1658515975170555904  58:00 Nike Dot Swoosh https://www.swoosh.nike/location  1:01:10 Optimism Bedrock https://twitter.com/optimismFND/status/1658202279147601921  Polynya: https://twitter.com/apolynya/status/1658312190577836032  1:04:05 Worldcoin OP https://worldcoin.org/blog/announcements/worldcoin-commits-optimism-superchain-vision-ahead-mainnet-launch  1:04:55 Lido v2 https://twitter.com/LidoFinance/status/1658195242149879824  1:05:20 PayPal MetaMask  https://metamask.io/news/latest/metamask-and-paypal-all-you-need-to-know-about-buying-eth/  1:06:30 On-Chain Cease & Desist https://twitter.com/zachxbt/status/1659078481228058624  1:08:00 DRC-20s on Dogecoin https://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#3m Doge Maxis: https://twitter.com/938433911/status/1657961759322562560  1:09:45 EU MiCA Just Passed https://www.consilium.europa.eu/en/press/press-releases/2023/05/16/digital-finance-council-adopts-new-rules-on-markets-in-crypto-assets-mica/  1:11:00 Do Kwon Bail https://www.theblock.co/post/230575/do-kwon-bail  1:12:15 Sam Altman Congress https://twitter.com/BanklessHQ/status/1658498249727307776  1:19:00 Questions from the Nation 1:25:00 David’s Shirt https://twitter.com/TrustlessState/status/1659182411467350016  1:26:40 Abandoning Wallets https://twitter.com/0xDesigner/status/1658851890803744768  1:28:00 What David’s Bullish On https://imgur.com/vlEaQMG  1:29:25 Permissionless Spaces 1:30:15 What Ryan’s Bullish On https://twitter.com/RyanSAdams/status/1658660759352614914  https://twitter.com/MetaVsGaming/status/1658687862269771777  1:36:40 MEME of the Week https://twitter.com/MinisterOfNFTs/status/1657793552808656900  https://twitter.com/balajis/status/1657879440146444288  1:37:15 Moment of Zen https://twitter.com/linusekenstam/status/1657083568231702528  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Did Ethereum break or what actually happened?  We brought on Preston Van Loon & Terence Tsao, two Ethereum Protocol Developers, to help us answer that question.   ------ 📣 CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod  ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ Timestamps: 0:00 Intro 7:53 Did Ethereum Break? 8:22 What Happened?  14:50 Slot Visualization & Connectivity  20:30 Did Users Notice?  23:57 Why Was This Worrisome?  26:19 Preston & Terence's Emotional Response 35:55 Ethereum Resilience  39:30 Was This Good For Ethereum? 41:20 Solana vs. Ethereum Liveness  44:40 Closing & Disclaimers ------ Resources: Is Ethereum Breaking? https://twitter.com/BanklessHQ/status/1657122512516575232  Preston Van Loon https://twitter.com/preston_vanloon  Terence Tsao https://twitter.com/terencechain  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Ledger has been the center of attention since the announcement of their new “Recover” feature which has brought into question how secure our Ledger devices actually are.  Charles joins us to walk through how exactly this recover feature functions, breaking down how a Ledger actually functions, and possible paths moving forward. ------ 📣 CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod  ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ Topics Covered 0:00 Intro 6:21 Ledger's Recover Service Overview 18:40 Is Ledger Recover Forced or Opt-In? 23:07 Dissecting a Ledger Device 29:41 Can Firmware Reveal Private Keys? 36:54 A Social Contract With Ledger 42:31 Assurance Of No Back Door 51:16 2-Part Firmware Solution? 57:42 Will Ledger Forget About Us? 1:02:46 Closing and Disclaimers ——— Resources: Charles  https://twitter.com/P3b7_  Ledger https://twitter.com/ledger  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Edward Chancellor is a financial historian, journalist, and author of, "Devil Take the Hindmost: A History of Financial Speculation" and his latest, “The Price of Time: The Real Story of Interest” The two books link together the history of money and finance, and human culture.  In today’s episode we explore the ways in which money and finance is embedded deeper in our lives than we may have previously thought.  ------ ✨ DEBRIEF | Unpacking the episode:  https://www.bankless.com/debrief-edward-chancellor    ------ ✨ COLLECTIBLES | Collect this episode:  https://collectibles.bankless.com/mint  ------ 🪂Airdrop Alpha is waiting for you on Bankless 🪂 https://bankless.cc/AirdropAlphaIsOnBankless  ------ We’re living in the era of Central Banker Capitalism, low interest rates and everything bubbles. Is this a new era? What does history tell us will happen next? Edward Chancellor is going to help us answer these questions. And along the way, you’ll learn timeless lessons about interest, debt, and the time value of money. ------ BANKLESS SPONSOR TOOLS:  📣 SWELL | Stake with Swell https://bankless.cc/Swell   ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire   🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ TIMESTAMPS:  0:00 Intro 8:24 Edward’s Book Overlap 19:32 Speculative Bubble’s Inevitability  26:27 Interest, Debt, & Loans  31:15 Debt Jubilee & Inflation 35:05 The Necessity of Inflation  41:55 The Natural Rate of Interest  53:35 The Everything Bubble  1:04:10 The Price of Time  1:07:38 Devil’s Take the Hindmost  1:10:40 Have We Learned From Past Bubbles?  1:17:30 Austrian vs. Keynesian Economics 1:21:20 Edward’s Thoughts on Crypto 1:38:50 Predictions: What Happens Next? 1:42:27 Closing & Disclaimers  ------ RESOURCES: The Price of Time  https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069  Devil Take the Hinemost https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806  Primitive Money https://www.elsevier.com/books/primitive-money/einzig/978-0-08-011679-2  Digital Chicago Plan - Column In Breakingviews https://www.breakingviews.com/columns/digital-chicago-plan-fixes-many-financial-woes/  Irving Fisher 100% money https://mises.org/library/100-money  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Bankless Weekly Rollup 2nd Week of May 2023  ------ 🚀 TOKEN HUB 🚀 https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1  ------ 🚀 Stake with Swell   https://bankless.cc/Swell  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Topics Covered 0:00 Intro 2:45 MARKETS 5:40 Happy Anniversary https://twitter.com/trustlessstate/status/1655845355412660228  5:55 Market Makers https://twitter.com/thiccythot_/status/1656054917490958336  https://twitter.com/TrustlessState/status/1656663450825945093  11:30 Holding and Staking https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators  15:10 Staking All Time High https://twitter.com/sassal0x/status/1656136243271569408  15:40 State of Staking https://bankless.cc/3LWtdc9  17:52 Interest Rates https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1  23:40 ETH Price Analysis https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-ethereum-price-prediction-118k-by-2030/  
29:15 Meme Coins https://twitter.com/BanklessHQ/status/1656315380913123329  30:20 PEPE Crypto https://twitter.com/thiccythot_/status/1654775743577038848  34:50 Pepe Analysis https://twitter.com/masonversluis/status/1655013413679157248  https://twitter.com/thiccythot_/status/1654775750657028099  36:45 MEV Sandwich Attacks https://eigenphi.substack.com/p/performance-appraisal-of-jaredfromsubway-eth  39:35 Is this a Bad Thing? 42:10 Bitcoin BRC-20 Boom https://metaversal.banklesshq.com/p/brc20  44:40 UniSat Marketplace https://unisat.io/market  45:20 BTC Ponzi https://twitter.com/ercwl/status/1654816512853639168?s=20  45:55 ORDI Token https://twitter.com/DefiIgnas/status/1655442270399893504?s=20  46:30 Bitcoin Fees https://imgur.com/PX4nlri  49:10 Binance Halts Withdrawals https://twitter.com/binance/status/1655227965062672384  49:30 Bitcoin is Changing https://twitter.com/ercwl/status/1655412393520889856  https://twitter.com/ercwl/status/1656069125947506688  https://twitter.com/ercwl/status/1656274017064558592  https://twitter.com/ameensol/status/1656088308450205696  https://twitter.com/LeonidasNFT/status/1656037677630730240  https://twitter.com/nic__carter/status/1655340472699584514  https://twitter.com/ercwl/status/1656104399674933249  57:30 Brad Sherman https://twitter.com/CoinDesk/status/1656372051035209728  https://twitter.com/BradSherman/status/1653928972026093569  https://twitter.com/TrustlessState/status/1656606486217334786  1:02:10 Lido Withdrawals https://twitter.com/POTUS/status/1655988502079602690  1:02:45 Arbitrum Revenue https://twitter.com/arbitrum/status/1656090360119017472  https://twitter.com/apolynya/status/1656115057380544514  1:05:54 Brian Armstrong UAE  https://imgur.com/n9bSjC5  1:07:30 PayPal Crypto https://www.sec.gov/ix?doc=/Archives/edgar/data/0001633917/000163391723000072/pypl-20230331.htm  1:07:45 Elon Milady NFT https://twitter.com/elonmusk/status/1656326406618619910  1:08:10 Su Zhu vs Arthur Hayes https://downloads.coindesk.com/legal/Zhu_Su_Hayes.pdf  1:09:55 Stripe Crypto OnRamp https://stripe.com/en-gb-cz/newsroom/news/fiat-to-crypto-onramp  1:10:18 Worldcoin Wallet https://twitter.com/tiagosada/status/1655569631543975937  1:12:30 David Met the Orb https://twitter.com/TrustlessState/status/1655861898162864128  1:14:30 Ethereum Attestation Service https://twitter.com/eas_eth/status/1654957376473272322  1:15:00 Bittrex Bankruptcy https://storage.courtlistener.com/recap/gov.uscourts.deb.189880/gov.uscourts.deb.189880.11.0.pdf  1:15:15 Blockworks Raise https://twitter.com/JasonYanowitz/status/1655946975072894978  1:16:20 JOBS https://pallet.xyz/list/bankless/jobs  1:18:00 Questions from the Nation https://www.galaxy.com/galaxyperspectives/exploring-mev-on-eigenlayer/  1:21:30 What David’s Bullish On https://twitter.com/nocturne_xyz/status/1653425371189227521  1:23:30 What Ryan’s Bullish On 1:27:30 MEME of the Week https://www.tiktok.com/@kitbogashow/video/7231353577535474987?lang=en  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Are Democrats against Crypto? That’s the question we bring in today’s State of the Nation with New York Representative Ritchie Torres. It seems that crypto is becoming an increasingly divisive and polarized topic in the halls of Congress, and we are hopeful that we can find some common ground on both sides of the aisle. Crypto is good for the American people. It’s as simple as that. ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Topics Covered 0:00 Intro 7:00 What is MEV? 13:30 MEV is Subjective 17:15 The Oil Analogy 21:15 The Benefits of Smoothing 28:35 Builders and Proposers 38:45 Forced Centralization 44:35 Rug Pool Protection 48:30 Distribution 58:20 Pros of Burning 1:05:15 Burning on Overdrive 1:09:30 Does this Hurt Stakers? 1:13:55 Too Deflationary? 1:23:30 Monetary Premium 1:28:15 EIP-4844 1:31:00 The Engine 1:35:50 Wen? ——— Resources: Rep. Torres https://twitter.com/RitchieTorres?s=20  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Ram Ahluwalia, CEO of Lumida Wealth Management, joins us for his second time on Bankless to discuss the latest bank failure and what it means for the rest of the traditional finance system. Are there more failures to come? Can crypto save the banks? Why are politicians being quiet this time around? What will Powell do next? Answers to these questions and much more in the episode.  ------ 🚀 Stake with Swell https://bankless.cc/Swell  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Timestamps: 0:00 Intro 8:30 Season Two of the Banking Crisis 10:38 First Republic Bank 13:00 Politicians Being Quiet?  15:13 Ram's Slide Agenda 16:10 Co-Morbidities of Bank Failures  23:40 Negative Equitites  24:40 Publicly Traded Banks  30:27 The Walls Preventing a Collapse  35:40 The Banks' Mycelium Network 39:26 What's the Problem? 45:50 Commercial Real Estate  47:10 The Next 2008? 50:10 CRE Risk 53:07 Arthur Hayes Take  56:40 Balaji Take 1:01:13 Will Powell Blink? 1:03:20 How to Fix the Banks 1:09:35 How Crypto Saves the Banks? 1:12:55 Closing & Disclaimers ------ Resources: Ram Ahluwalia https://twitter.com/ramahluwalia  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Ethereum is getting yet another economic upgrade! The scarcity engine is getting a massive level up with the advent of the MEV Burn. With Justin Drake and Domothy, they walk us through the research and reasoning behind this next upgrade Just when we thought we couldn’t get any more bullish… ------ 🚀 DEBRIEF 🚀 https://bankless.cc/YouTubeInfo ------ BANKLESS SPONSOR TOOLS:  📣 SAFE (Gnosis) | ACCOUNT ABSTRACTION https://bankless.cc/AA  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Topics Covered 0:00 Intro 7:00 What is MEV? 13:30 MEV is Subjective 17:15 The Oil Analogy 21:15 The Benefits of Smoothing 28:35 Builders and Proposers 38:45 Forced Centralization 44:35 Rug Pool Protection 48:30 Distribution 58:20 Pros of Burning 1:05:15 Burning on Overdrive 1:09:30 Does this Hurt Stakers? 1:13:55 Too Deflationary? 1:23:30 Monetary Premium 1:28:15 EIP-4844 1:31:00 The Engine 1:35:50 Wen? ——— Resources: Justin Drake: https://twitter.com/drakefjustin?s=20  Dom: https://twitter.com/domothy?s=20  Hildobby's Dune Board: https://dune.com/hildobby/eth2-staking  Ultrasound.Money: https://ultrasound.money/  ------ Related Episodes: EIP-1559: https://www.bankless.com/-eip-1559-hasu  https://www.bankless.com/-eip-1559-expert-panel-tim-beiko  MEV: https://www.bankless.com/-cryptos-existential-threat-mev-panel  https://www.bankless.com/125-matt-cutler  Ultra Sound Money: https://www.bankless.com/-sotn-44-modeling-ultra-sound-money  https://www.bankless.com/-ultra-sound-money-justin-drake  https://www.bankless.com/-moon-math-the-bull-case-for-cryptography  Justin Drake:  https://www.bankless.com/134-ethereum-unsensored-with-justin  https://www.bankless.com/shanghai-capella-eth-staking-withdrawals-with-tim-beiko-justin-drake-and-anthony-sassano  https://www.bankless.com/150-bull-case-for-ethereum-iv-with-justin-drake-dcinvestor-anthony-sassano  https://www.bankless.com/devcon-2-justin-drake  https://www.bankless.com/15-bad-eth-takes-with-justin-drake  https://www.bankless.com/the-pow-vs-pos-debate-lyn-alden-and  https://www.bankless.com/-layer-zero-justin-drake  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Bankless Weekly Rollup 1st Week of May 2023  ------ ✨Stake with Swell https://bankless.cc/Swell  ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Topics Covered 0:00 Intro 3:30 MARKETS 4:42 FED raised rates by 25 basis points https://www.federalreserve.gov/newsevents/pressreleases/monetary20230503a.htm  https://twitter.com/carlquintanilla/status/1653822271520223232  https://twitter.com/RyanSAdams/status/1653856569145081856  10:31 Jim Bianco’s take: THEY KNEW THE RISKS https://twitter.com/biancoresearch/status/1653777745791401986  15:20 Banks Failure - Season 2! https://www.fdic.gov/news/press-releases/2023/pr23034.html  24:40 Comparison of the US banks’ failures since 2002 https://twitter.com/mbostock/status/1653221977895882752  27:49 Arthur Hayes’ take: The U.S. Banking System is now Nationalized https://twitter.com/CryptoHayes/status/1653175131123126272  33:41 Meanwhile, Balaji lost the Bitcoin bet https://twitter.com/balajis/status/1653451860488130565  https://twitter.com/balajis/status/1653449321185169409  https://imgur.com/a/Eu4aIIb  https://imgur.com/a/Zg9Gh8r  41:48 Coinbase Going International https://twitter.com/coinbase/status/1653385513011740672  https://www.coinbase.com/blog/introducing-coinbase-international-exchange  44:44 In good news…Gary’s GOT 10 DAYS  https://twitter.com/iampaulgrewal/status/1653898889311948800  48:35 VENMO bringing Wallets to 60M Americans https://twitter.com/RyanSAdams/status/1652049681050943489  51:00 EigenLayer Stage 1 Mainnet is set to launch https://twitter.com/eigenlayer/status/1653536292171567104  55:20 Sui Mainnet https://twitter.com/SuiNetwork/status/1653731940107956225  SUI coming in at a $13B valuation https://www.coingecko.com/en/coins/sui  https://thedefiant.io/sui-raises-300m  59:10 Alexlar  https://twitter.com/axelarcore/status/1653384907085737985  Bankless Show https://www.youtube.com/watch?v=erZyGlxchsA  1:01:59 Lens Layer 3 https://twitter.com/StaniKulechov/status/1651898620973576193  1:03:30 New Zachxbt Victim https://twitter.com/zachxbt/status/1651238822963826694  https://twitter.com/CoinGurruu/status/1651250297530974208  1:04:40 Biden proposes 30% climate change tax on cryptocurrency mining https://www.whitehouse.gov/cea/written-materials/2023/05/02/cost-of-cryptomining-dame-tax/  1:08:12 Jobs https://pallet.xyz/list/bankless/jobs  1:11:24 Questions from the Nation 1:16:27 Takes of the Week https://twitter.com/RyanSAdams/status/1653011542563069952  https://twitter.com/TrustlessState/status/1653674756715978752  https://twitter.com/erikvoorhees/status/1653935801338822663  1:20:44 What David’s Bullish On https://twitter.com/TrustlessState/status/1652053503307644930  1:24:34 What Ryan’s Bullish On 1:26:41 MEME of the Week https://twitter.com/natfriedman/status/1625850766039842824  1:30:05 Moment of Zen https://twitter.com/dcbuild3r/status/1653737344170618882    ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Ryan and David bring on Coinbase’s VP of International Policy, Tom Duff Gordon VP to discuss Coinbase’s exploration out of the United States. Are they 4D chess? How does the crypto regulation in the U.S. shape up to overseas competition? Why is the U.S. driving crypto innovation abroad? Does the U.S. have any hope?  ------ ✨Stake with Swell https://bankless.cc/Swell  ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ TIMESTAMPS:  0:00 Intro 8:23 Is Coinbase Moving Offshore? 10:00 Coinbase’s International Plan 11:34 Will Coinbase Stay & Fight?  17:38 Is Ether a Security in the EU? 19:30 Ranking Crypto by Geography 24:03 The U.S.’s Crypto Friendliness Ranking 25:30 Coinbase International?  28:28 Coinbase’s Chessboard 32:46 Coinbase’s International Strategy  35:05 What U.S. Retail is Missing Out On 37:05 Coinbase’s Frustration  39:33 Coinbase’s Constraints 45:48 Crypto Game Theory  50:03 Timeline 50:35 Closing & Disclaimers ------ RESOURCES: Tom Duff Gordon https://twitter.com/tomduffgordon   Coinbase Moving Offshore?  https://www.bankless.com/coinbase-offensive-sec-united-states   ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures