Leviathan News

In this episode we discuss the 10% sell off in Bitcoin, $640m in liquidations, the new IRS crypto reporting rules and more. Guest: Alex Golubitsky

Summary The Leviathan News team discusses their predictions for the crypto industry in 2024. They believe it will be the year of the internet of blockchains, with a focus on modularity and the rise of layer 2 solutions. They discuss the potential winners in the L2 space, such as Eigenlayer and Celestia, and the importance of launching L2s. They also explore the drama and on-chain governance in the Cosmos ecosystem, as well as the opportunities and challenges in liquid staking and bridge security. Finally, they predict the first billion dollar valuation in the gaming industry. The conversation explores the potential of GameFi and Telegram games, highlighting the wide distribution network of Telegram and the ease of access for users. It discusses the different approaches for game developers, including fully permissionless games and games built within existing platforms like Telegram. The conversation also touches on the revenue potential of GameFi and the market size of gaming. It delves into the future of stablecoins, with a focus on USDC and Tether dominance, the challenges for Dai, and the need for decentralized stablecoins. The conversation concludes with a discussion on the evolution of privacy technology and the potential of consumer apps, particularly social trading apps. Takeaways 2024 will be the year of the internet of blockchains, with a focus on modularity and the rise of layer 2 solutions. Eigenlayer and Celestia are potential winners in the L2 space, but there are risks and challenges to consider. The Cosmos ecosystem will continue to define on-chain governance and may see the launch of more L2s. Liquid staking and bridge security are important areas to explore in 2024. The gaming industry may see the first billion dollar valuation, driven by mobile-first games and the integration of stablecoins. Telegram games have the potential for significant growth due to the wide distribution network and native wallet integration within the platform. Game developers can take different approaches to GameFi, including fully permissionless games or games built within existing platforms like Telegram. The revenue potential of GameFi is significant, with the gaming industry generating billions of dollars in revenue. The future of stablecoins is uncertain, with USDC and Tether currently dominating the market, but the need for decentralized stablecoins and the potential impact of regulatory scrutiny and CBDCs could shape the landscape. Privacy technology is evolving, but the adoption of privacy-focused apps may be hindered by regulatory concerns and the lack of clear benefits for users. Consumer apps, particularly social trading apps, have the potential to attract users and drive adoption in the crypto space.

Summary In this episode, Samuel McCulloch interviews Darren from IPOR about interest rates and the IPOR protocol. Darren shares his background in the early days of crypto exchanges and the challenges they faced. They discuss the resurgence of non-monetary transactions on the Bitcoin chain and the potential utility of these transactions. Darren explains the concept of interest rate swaps and how IPOR is making them accessible to retail users. They also touch on the deployment of IPOR on Ethereum and the opportunities for yield trading. The conversation concludes with a discussion on attracting institutional capital and the future plans for IPOR. Takeaways Interest rate swaps are a significant asset class in traditional finance and play a crucial role in the global debt market. IPOR is making interest rate swaps accessible in DeFi by using a peer-to-pool model and traditional financial models. Retail users can participate in IPOR by providing liquidity and earning fees from the derivative engine. IPOR is targeting both crypto-native firms and traditional institutional players to attract capital and expand its market reach. The future of IPOR includes the development of structured products and integration with other DeFi protocols. Chapters 00:00 Introduction and Background 03:05 Early Days of Crypto Exchange 04:02 Resurgence of Non-Monetary Transactions on Bitcoin Chain 06:53 Agnostic Approach to Crypto Space 09:48 Introduction to IPOR and Interest Rate Swaps 17:19 Making IPOR Accessible to Retail Users 18:17 Deployment and Yield Opportunities 21:45 Shift in Interest Rates and Demand for IPOR 25:20 Simplifying Tactics for Retail Users 29:26 Tracking Narratives in DeFi 33:59 Attracting Institutional Capital 37:47 Future Plans and Market Segmentation 38:17 Conclusion and Holiday Wishes

Summary The conversation covers various topics related to the crypto space, including the positive outlook for the market, the emergence of CryptoVestor in different communities, the power and potential of Convex, the growth of Prisma, the future of Frax Chain and Protocol Effects, the two-token model and high yields, the importance of liquidity and governance, the evolution of DAO governance, the role of Conic in the Curve ecosystem, the impact of PayPal on the Curve ecosystem, the rise of DAO governance, the concept of modular blockchains, the potential of app chains and cross-chain composability, the impact of macro trends and institutions, the power of stablecoins and PayPal's entry, and the bullish outlook for the crypto market. In this conversation, Samuel McCulloch and Corey Caplan discuss the integration of Dolomite products with PayPal and the potential for big entities like PayPal to leverage DeFi protocols. They also explore the impact of the Arbitrum shutdown and how Dolomite handles network downtime. The rise of inscriptions on Bitcoin and the long-term future of Bitcoin are also discussed, along with the technical feasibility of EVM on Bitcoin and the challenges of programming on the Bitcoin network. The conversation concludes with a discussion on the financial incentive for building on Bitcoin and Dolomite's current incentives program.

Summary In this conversation, Samuel McCulloch, DeFiAdvisoor and Taariq Lewis discuss various topics related to the crypto industry. They talk about the meme coin craze, the future of crypto, the circular nature of the industry, the role of OpReturn and inscriptions, and the debate around increasing block size and fees. They also touch on the influence of individuals like Luke Dash and Jack Dorsey, the generational divide in social media usage, and the narratives for 2024. They discuss the rise of new chains, the importance of NFT chains and airdrop farming, and the potential of EigenLayer and Celestia. They also mention the fragmentation of liquidity and the significance of leverage in trading. Takeaways The crypto industry is experiencing a meme coin craze and the rise of new chains, driven by the younger generation of traders. OpReturn and inscriptions are reminiscent of the colored coin protocol from the early days of crypto, showing how the industry has come full circle. The debate around increasing block size and fees continues, with different opinions from miners and developers. Influencers like Luke Dash and Jack Dorsey have a significant impact on the industry, shaping narratives and trends. The future of crypto includes the growth of NFT chains, the importance of leverage in trading, and the potential of EigenLayer and Celestia. Chapters 00:00 Introduction 01:11 Meme Coin Craze 02:09 The Future of Crypto 03:10 Circular Industry 04:08 OpReturn and Inscriptions 05:05 Luke Dash and the Risk-Free Rate 06:04 Influencers and the Industry 07:00 Big Blocks and OP Return 07:57 Increasing Block Size and Fees 08:27 Luke Dash and Jack Dorsey 09:15 Raising Money and Influencing the Industry 10:11 Social Media and Generational Divide 11:12 Transition to Computers and Technology 12:10 Narratives for 2024 13:09 ETFs and Global Liquidity 14:05 The Rise of New Chains 15:04 NFT Chains and Airdrop Farming 16:00 EigenLayer and Celestia 16:55 Pro Celestia and Pro Mantle 17:53 Building Games on L2s 18:33 Fragmentation of Liquidity 19:32 The Importance of Leverage 22:49 Volume and Leverage Bot 26:13 Conclusion

In this conversation, Alex Chizik, the COO of the Digital Chamber of Commerce, about the role of lobbying and policy in the crypto industry. They discuss the importance of building relationships with politicians, educating Congress, and advocating for sensible regulations. They also highlight the need for more support and funding from the crypto community, as well as the impact of political figures on crypto regulation. The conversation emphasizes the importance of political engagement, including calling representatives, donating to pro-crypto candidates, and voting in elections. Overall, the interview sheds light on the challenges and opportunities in shaping crypto policy in Washington. In this conversation, Samuel McCulloch discusses various aspects of lobbying and the crypto industry with Alex Ibadan. They touch on collaboration with a member of the chamber, favorite restaurants for lobbying meetings, and supporting the crypto industry.TakeawaysLobbying and policy play a crucial role in shaping the crypto industry and advocating for sensible regulations.Building relationships with politicians and educating Congress are key strategies for influencing legislation.The crypto industry is underrepresented in Washington and needs more support and funding to effectively advocate for its interests.Political engagement, including calling representatives, donating to pro-crypto candidates, and voting in elections, is essential for advancing the crypto agenda.Clear rules and regulations are needed to ensure the security and growth of crypto exchanges and to prevent fraud and malfeasance. Collaboration with influential individuals can help push the crypto industry forward.The Monocle is a popular restaurant in Washington, D.C. where politicians often gather for lobbying meetings.Supporting organizations like the Digital Chamber can contribute to the growth and development of the crypto industry. Donate to Leviathan News: https://arbiscan.io/address/0x110d68F5DFA414E943181Dec3346D4CA0d6DE37F Telegram: https://t.me/leviathan_news Twitter: https://twitter.com/leviathan_news Discord: https://discord.gg/7WtnhqJ7za YouTube: https://www.youtube.com/@Leviathan_News Spotify: https://open.spotify.com/show/69yxNKomUIbdNMFoTjp49K

Umami discusses their STIP deployment and the upcoming GM Vaults. They explain the benefits of GMX V2 and the ability to provide single-sided exposure to different markets. The team also discusses the differences between GMX V1 and V2 and the advantages of the deconstructed GLP Vaults. They highlight the challenges and risks in the stablecoin market and the impact of Micah legislation. The conversation explores the growth of non-dollarized stablecoins and the potential for integrations and adoption. The future of stablecoins and payment cards is also discussed, including the opportunities for country-specific stablecoins. The conversation explores the narratives and themes expected to dominate the blockchain industry in 2024. It discusses the potential integration of DeFi on Bitcoin and the need for more efficient alternatives in the industry. The value of building protocols and technology that improve user experience and operational efficiency is emphasized. The conversation concludes with a focus on the future of infrastructure and the importance of staying updated with the latest developments.TakeawaysThe integration of DeFi on Bitcoin is expected to be a significant narrative in 2024.Efficient alternatives that drive change from traditional finance to DeFi are crucial for the industry's growth.Building protocols and technology that improve user experience and operational efficiency is key to long-term success.The infrastructure and base layer modules being developed will shape the future of the blockchain industry.Chapters00:00 Introduction and Umami's STIP Deployment02:07 Introduction to Umami's GM Vaults03:08 GMX V2 and Single-Sided Exposure05:26 Differences Between GMX V1 and GMX V207:44 Balancing the Weightings in GMX V208:47 Incentivizing Liquidity in GMX V209:16 Building Products with GM Tokens10:09 Deconstructed GLP Vaults for GM Tokens11:09 Creating Synthetic Markets with GM Tokens12:10 The Growth of Non-Dollarized Stablecoins14:31 APRs and Yield on GM Tokens16:44 Challenges and Risks in the Stablecoin Market19:24 The Impact of Micah Legislation on Stablecoins36:05 Growth of Non-Dollarized Stablecoins on L238:04 Integrations and Adoption of Euro Stablecoins46:11 Regulation and Transparency in Stablecoins49:42 The Future of Stablecoins and Payment Cards50:40 Opportunities for Country-Specific Stablecoins51:38 Looking Forward to 202452:25 B2C and DeFi53:20 Building Efficient Alternatives54:21 The Value in What We're Building54:48 The Future of Infrastructure55:17 Closing RemarksDonate to Leviathan News: https://arbiscan.io/address/0x110d68F5DFA414E943181Dec3346D4CA0d6DE37F Telegram: https://t.me/leviathan_news Twitter: https://twitter.com/leviathan_news Discord: https://discord.gg/7WtnhqJ7za YouTube: https://www.youtube.com/@Leviathan_News Spotify: https://open.spotify.com/show/69yxNKomUIbdNMFoTjp49K

Donate to Leviathan News: https://arbiscan.io/address/0x110d68F5DFA414E943181Dec3346D4CA0d6DE37F Telegram: https://t.me/leviathan_news Twitter: https://twitter.com/leviathan_news Discord: https://discord.gg/7WtnhqJ7za YouTube: https://www.youtube.com/@Leviathan_News Spotify: https://open.spotify.com/show/69yxNKomUIbdNMFoTjp49K

Donate to Leviathan News: https://arbiscan.io/address/0x110d68F5DFA414E943181Dec3346D4CA0d6DE37F Telegram: https://t.me/leviathan_news Twitter: https://twitter.com/leviathan_news Discord: https://discord.gg/7WtnhqJ7za YouTube: https://www.youtube.com/@Leviathan_News Spotify: https://open.spotify.com/show/69yxNKomUIbdNMFoTjp49K

The conversation covers various topics related to stablecoins, including the FTX bankruptcy case, Elizabeth Warren's bill on crypto regulation, S&P stablecoin ratings, the challenges with the US legislative process, the need for clear guidelines in the crypto space, and the broken US legislative system. The discussion also touches on the importance of understanding and knowledge in regulation, the differentiation between digital dollars and other stablecoins, and the debate on private money and stablecoins. The need for upgraded infrastructure in politics and the future of stablecoin brands are also discussed. In this conversation, the principal themes discussed include the differentiation of Pysd from other stable coins, PayPal's unique position in the stable coin market, and personal interests and musical tastes. Takeaways The US legislative process is slow and lacks clear guidelines for the crypto industry, hindering innovation and creating uncertainty. Stablecoin ratings should focus on asset stability and durability during stressful conditions, rather than just the current state of the market. Differentiating between digital dollars and other stablecoins is important, as they have different backing and functions. The lack of understanding and knowledge about stablecoins among regulators and politicians can lead to misguided regulations and policies. Balancing safety and innovation in stablecoins is a challenge, and there is a need for clear guidelines and regulations to protect users while fostering innovation. Pysd stands out from other stable coins due to its real-world integrations and distribution capabilities. PayPal's large user base and focus on real-world transfers make it well-positioned in the stable coin market. Building a money transmitter business in the real world is more challenging than building something out of blockchain. Personal interests and musical tastes can vary widely and may include unexpected combinations.