ROLLUP: Crazy Markets Week | Prediction Markets Bad? | Zora Release | More Gensler Ls | Trump’s DeFi Sons
Description
This week in crypto we saw markets…stumble? Then recover? Is the 2024 bull run over?
Elizabeth Warren is targeting prediction markets and the crypto community is pushing back, obviously. Meanwhile, SEC Chair Gary Gensler also faces setbacks…more L’s?
Zora’s latest release promises to shake up the NFT world.
And in a surprising twist, Trump's children have reportedly taken a keen interest in…DeFi…?
------
🍵MATCHA | NEW PRICING ENGINE
https://go.0x.org/matcha-v2-pod
------
BANKLESS SPONSOR TOOLS:
🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🛞 MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🦄 UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
🌐 OBOL | STAKE ON DVs, SCALE ETHEREUM
https://bankless.cc/obol
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/46
------
TIMESTAMPS & RESOURCES
0:00 Intro
2:50 What happened to markets?
https://x.com/dougboneparth/status/1820448580290724222
https://www.cnbc.com/2024/08/05/carry-trades-a-major-unwinding-is-underway-amid-a-stock-sell-off.html
https://x.com/KobeissiLetter/status/1819753746202546478
https://x.com/radarhits/status/1820091232770572794
https://www.coindesk.com/markets/2024/08/08/kamala-harris-donald-trump-tied-on-polymarket-on-who-will-be-the-next-us-president/
https://x.com/WatcherGuru/status/1820554001450258522
https://x.com/KobeissiLetter/status/1820897733143585209
11:27 What happened since Monday
https://www.reuters.com/markets/asia/boj-wont-raise-rates-when-markets-unstable-deputy-governor-says-2024-08-07/
https://x.com/peruvian_bull/status/1820999796334981126
https://x.com/NickTimiraos/status/1821532870529396989
https://x.com/Polymarket/status/1820869310119662035
https://x.com/KobeissiLetter/status/1820870572093448299
14:31 Bankless Episodes - Livestream & Tom Lee
https://www.youtube.com/live/CIbt2xlBJ5A?si=_60rGAl_9zzv-H0C
https://youtu.be/lD9774SuP3E?si=-a3Zmt-1r6aS22xq
22:24 Jump Capital is selling its crypto positions
https://x.com/lookonchain/status/1820321011730116636
25:17 Highest ETH ETF inflows since their launch
https://x.com/zerohedge/status/1821143966462484640
https://x.com/TommyWorldPower/status/1821091488132165719
https://www.cnbc.com/2024/08/02/morgan-stanley-wealth-advisors-bitcoin-etfs.html
27:10 Why is ETH so weak?
https://x.com/RyanSAdams/status/1821534234382627195
https://imgur.com/TsIvCPi
https://x.com/ceterispar1bus/status/1820842327901954453
33:38 Strong earnings for key crypto companies in Q2…what we can learn?
https://s27.q4cdn.com/397450999/files/doc_financials/2024/q2/Q2-24-Shareholder-Letter.pdf
https://www.theblock.co/post/310136/robinhoods-q2-crypto-revenues-up-161-as-trading-volume-hits-21-5-billion
https://x.com/wazzcrypto/status/1786139849197551637
36:56 Are Prediction Markets bad? Sen. Warren thinks so
https://www.merkley.senate.gov/wp-content/uploads/CFTC-Letter-FINAL.pdf
https://x.com/mansourtarek_/status/1820486209031766204
https://x.com/matthew_d_green/status/1821146583955583068
https://x.com/iamDCinvestor/status/1821361435449962562
https://x.com/hasufl/status/1820818054621622673
https://x.com/LWarho/status/1820888617469771813
https://x.com/Domahhhh/status/1821208004529942713
https://x.com/TrustlessState/status/1821178136282726643
48:02 Zora protocol now creates pools on Uniswap!
https://x.com/js_horne/status/1821215028457967757
https://x.com/haydenzadams/status/1821229811689517401
https://x.com/tbtstl/status/1821217611935273368
50:11 Ripple Labs settled with SEC & More Ls
https://x.com/EleanorTerrett/status/1821276946921345341
https://x.com/lex_node/status/1821282897921503742
https://x.com/bgarlinghouse/status/1821289051191963861
https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.150.0.pdf
https://x.com/RyanSAdams/status/1821169925769044250
https://x.com/EleanorTerrett/status/1820540465609130052
53:25 Were Eric and Donald Trump Jr DeFi-pilled?
https://x.com/EricTrump/status/1820906993802211751
https://x.com/DonaldJTrumpJr/status/1821164331020517596
55:04 Where did Brian Armstrong’s co-founder go?
https://x.com/fehrsam/status/1820859394361610338
57:10 MEME of the Week
https://media.discordapp.net/attachments/1257324353301905579/1270790505357115674/image0.jpg?ex=66b5a422&is=66b452a2&hm=33fc015ff27ad80a11172c464d2edb054bd418d5234be0088788f6946593404f&=&format=webp&width=1620&height=1843
58:28 Closing & Disclosures
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures