ROLLUP: $100k BTC? | Gensler Resignation | Trump’s ‘Crypto Czar’ | Memecoin Rugs
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 22 November 2024
⏱️ 63 minutes
🧾️ Download transcript
Summary
Bitcoin soared to new all-time highs as MicroStrategy led massive BTC buys, and BlackRock's ETF options hit $1.9B volume. Meanwhile, a 13-year-old executed a rug pull, sparking chaos and meme token wars.
On the regulatory front, SEC Chair Gary Gensler announced his resignation effective January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Trump teased a "Crypto Czar," while 18 states sued the SEC. Binance launched BFUSD with 19.55% APY, challenging Coinbase’s USDC yield.
Elsewhere, Solana reached new highs, McDonald’s partnered with Doodles, and Tether unveiled a tokenization platform. The crypto world remains as unpredictable as ever!
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TIMESTAMPS & RESOURCES
0:00 Intro
0:35 Gen-z Quant
https://x.com/DeeZe/status/1859110339251478754
https://x.com/RyanSAdams/status/1859225228045402203
8:03 It’s a week of Bitcoin buys!
https://x.com/samcallah/status/1858507239897632909
https://x.com/saylor/status/1858496146026467378
https://x.com/EricBalchunas/status/1859278500399620528
https://www.prnewswire.com/news-releases/semler-scientific-announces-btc-and-atm-activity-raised-21-5-million-purchased-additional-215-btc-now-holds-1-273-btc-with-btc-yield-of-37-3-302308149.html
https://ir.mara.com/news-events/press-releases/detail/1377/mara-holdings-inc-announces-proposed-private-offering-of-700-million-of-convertible-senior-notes
https://x.com/Metaplanet_JP/status/1858352792647225371
https://x.com/BitcoinMagazine/status/1858535519354827251
https://x.com/bitcoinmagazine/status/1858874854402920902
https://x.com/JSeyff/status/1858991206476509659
https://x.com/EricBalchunas/status/1858994117617086840
21:59 Chillguy
https://dexscreener.com/solana/93tjgwff5ac5thymi8c4wejvvqq4tumemuyw1leyz7bu
https://x.com/nayibbukele/status/1859433926206325107
https://solscan.io/account/AySxUvESXdGTVT6G3psgzWahduxJx8bGkb4Ddip8sADx
24:12 Vitalik bought $50 of an AI memecoin on Farcaster
https://x.com/Tyler_Did_It/status/1859420049427267912
30:32 Gary Gensler set to Resign
https://x.com/BanklessHQ/status/1859659202618327276
https://x.com/BanklessHQ/status/1859664473025581561
https://x.com/KMSmithDC/status/1859339558342607023
https://x.com/RyanSAdams/status/1857123002921463862
https://www.sec.gov/newsroom/speeches-statements/gensler-remarks-pli-s-56th-annual-institute-securities-regulation-111424
https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/
36:35 “Coincidently”, Trump met with Brian Amstrong this week
https://x.com/News_Of_Alpha/status/1858606637201633705
https://x.com/nic__carter/status/1858922946116346273
38:01 Trump picked Howard Lutnick to lead the US Department of Commerce
https://www.wsj.com/politics/trump-commerce-secretary-howard-lutnick-cabinet-77c86b81
https://x.com/TheFlowHorse/status/1858942817592103046
https://polymarket.com/event/who-will-trump-nominate-for-treasury-secretary
https://x.com/twobitidiot/status/1859266763860394426
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/
https://x.com/News_Of_Alpha/status/1859661975745167378
https://cointelegraph.com/news/trump-mulls-crypto-friendly-cftc-chairs-report
43:22 Trump Media might be buying Bakkt!
https://www.reuters.com/markets/deals/donald-trumps-social-media-group-talks-buy-bakkt-ft-reports-2024-11-18/
https://polymarket.com/event/will-trump-media-launch-a-crypto-exchange-in-2024
44:54 SEC is being sued in 18 US states
https://x.com/kobeissiletter/status/1857151924061221190
48:16 DAO members might be held liable under partnership laws
https://x.com/milesjennings/status/1858720755523219932
https://x.com/DennisonBertram/status/1859184992800186610
52:44 CEX STABLECOIN WARS:
https://x.com/lopp/status/1858609316929974340
https://x.com/coinbasewallet/status/1859286084535906744
57:44 Doodles partnered with McDonald's for holiday-themed collectibles
https://x.com/McDonalds/status/1857061165760741780
https://x.com/HuinGuillaume/status/1858538735375176159
58:44 Coinbase will delist Wrapped Bitcoin & Tether is launching a tokenization platform
https://x.com/ercwl/status/1859136365083951123
https://x.com/hadron_tether/status/1857091170825891962
1:01:08 Bankless is looking for Video Editor or Producer! & Bankless Summit is now online
https://x.com/BanklessHQ/status/1858857798471479777
https://x.com/BanklessHQ/status/1858741172404916622
https://bankless.cc/PodcastPremiumFeed
1:02:26 Meme of the Week
https://x.com/alistairmilne/status/1858508814305153307
1:02:51 Closing & Disclaimers
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bitcoin just crosses 99,000 right now at the time of recording. |
| 0:03.7 | That's crazy. |
| 0:04.7 | We're going to watch Bitcoin cross 100K on this episode. |
| 0:08.3 | By the end of this episode. |
| 0:09.5 | We are $1,000 away. |
| 0:11.3 | That is nuts. |
| 0:15.8 | Bankless Nation for the third week in a row, this is an all-time high week on the Bankless |
| 0:20.4 | weekly roll up. We've got a Bitcoin all-time high. We've got a this is an all-time high week on the bankless weekly roll-up. |
| 0:21.2 | We've got a Bitcoin all-time high. |
| 0:22.7 | We've got a crypto market cap all-time high. |
| 0:24.8 | We might, David, I'm not sure. |
| 0:26.2 | We might have a Solana all-time high as well. |
| 0:28.3 | On the episode. |
| 0:29.2 | Yeah, on the episode. |
| 0:30.4 | So that'll be here. |
| 0:31.9 | But that's not all. there was a clip that went around this week that pretty much summarizes this cycle for me |
| 0:40.4 | and expresses my feelings. The current zeitgeist very much, yes. Can you just play this? Yeah, let's play this. |
| 0:46.0 | There's some context that needs to be said. Pump. Pump. Pump. Fun, the place that majority of all |
| 0:52.3 | meme coins spawn from has a streaming feature. There's like |
| 0:55.6 | streaming embedded in Pump.com. Fun. On Pump. Fun, there's streaming? I didn't realize that. |
| 0:59.8 | I thought this is like Twitter. Right. And so like the devs or the creators of the tokens, people can |
| 1:04.9 | stream. And so what we are about to watch is a kid, a 10-year-old in middle school, 12, who launched a token, |
... |
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