ROLLUP: Bitcoin ETF | Coinbase NFT Platform | PleasrDAO Wu Tang Clan | Polygon & Draft Kings | Steam
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 22 October 2021
⏱️ 112 minutes
🧾️ Download transcript
Summary
3rd Week of October, 2021
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📣 POOLTOGETHER | DEFI LOTTERY
https://bankless.cc/PoolTogether
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🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
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BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR
https://bankless.cc/Matcha
🔐 LEDGER | SECURE YOUR ASSETS
https://bankless.cc/Ledger
🧙♀️ ALCHEMIX | SELF-PAYING LOANS
http://bankless.cc/Alchemix
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Topics Covered:
0:00 Intro
3:15 MARKETS
3:30 BTC Price
Swiss Franc: https://twitter.com/BitcoinMagazine/status/1450840947806380032?s=20
6:03 ETH Price
JP Morgan: https://twitter.com/CryptoGucci/status/1451186937100845057/photo/1
7:55 ETH/BTC Ratio
12:51 DeFi All Time High
16:40 BED Index
https://www.indexcoop.com/bed
17:20 Layer 2
https://l2beat.com/
18:12 EIP 1559
https://twitter.com/tokenterminal/status/1449737786106523649?s=21
21:10 Polygon Addresses
https://twitter.com/sassal0x/status/1448960122399576068?s=20
21:31 Elon Memes
https://twitter.com/elonmusk/status/1451015695106560000?s=21
23:00 RELEASES
24:00 Futureswap v4
https://twitter.com/futureswapx/status/1448382775912923136
25:28 ENS Websites
https://twitter.com/BrantlyMillegan/status/1447608175805485069?s=20
26:32 Wyoming DAOs
https://twitter.com/banklessDAO/status/1450133430860140547?s=20
28:22 Connext Explorer
https://twitter.com/ConnextNetwork/status/1450456240497307659?s=20
29:13 RAISES
29:56 Obol
https://www.theblockcrypto.com/post/120960/obol-technologies-seed-funding-crypto-staking-protocol
31:04 Polynomial
https://medium.com/polynomial-protocol/polynomial-raises-1-1m-to-build-a-defi-options-marketplace-d8e613740dfc
31:45 Element
https://www.coindesk.com/business/2021/10/19/defi-protocol-element-finance-raises-32m-in-series-a-round/
32:51 Bitwise & Polygon
https://twitter.com/0xpolygon/status/1450816681991806976?s=21
33:59 Variant
https://decrypt.co/83772/andreessen-horowitz-vets-launch-110m-crypto-ownership-fund
34:47 Galaxy Interactive
https://decrypt.co/83769/galaxy-crypto-fund
35:29 FTX $420,690,000
https://twitter.com/CoinDesk/status/1451156573154390020?s=20
36:53 Candy
https://www.theblockcrypto.com/linked/121632/nft-startup-candy-digital-raises-100-million-in-series-a-round
38:01 Stronghold
https://www.theblockcrypto.com/linked/121444/bitcoin-mining-stronghold-127-million-ipo
38:54 Jobs
https://pallet.xyz/list/bankless/jobs
40:30 NEWS
40:45 Bitcoin ETF
https://twitter.com/SEC_Investor_Ed/status/1448710749921087488?s=20
49:26 Coinbase NFT Platform
https://metaversal.banklesshq.com/p/the-coinbase-nft-platform-
53:11 Wu Tang x PleasrDAO
https://twitter.com/pplpleasr1/status/1450859174628405258?s=20
58:18 DraftKings x Polygon
https://twitter.com/DraftKingsNews/status/1450089669396475907?s=20
1:00:25 Facebook on Ethereum
https://twitter.com/RyanSAdams/status/1450580346286878725?s=20
1:06:30 POAP CryptoPunk Bid
https://twitter.com/poapxyz/status/1449058492371906560?s=21
1:09:52 Steam the Incumbent
https://twitter.com/verge/status/1449137444654358534?s=21
1:12:36 Ross Ulbricht NFT
https://twitter.com/realrossu/status/1450484387531870214?s=21
1:13:34 Andrew Yang
https://twitter.com/AndrewYang/status/1450882429674156032?s=20
1:16:11 Economist
https://cdn.shopify.com/s/files/1/0535/3509/products/20210918_ECN_NP_NAVA_001_512px.jpg?v=1632199560
1:18:28 Square Mining
https://twitter.com/jack/status/1449110239442345995?t=M8bBtoED6AVwLOQPcMaMOA&s=19
1:21:07 Facebook Metaverse
https://www.wsj.com/articles/facebook-to-hire-10-000-workers-in-eu-to-build-up-metaverse-11634536014
1:22:30 Coinbase Policy
https://blockworks.co/coinbase-proposes-digital-asset-policy-to-help-chart-regulatory-course/?oly_enc_id=9918E2523689A0T
1:24:00 CeFi Lenders
https://twitter.com/Bloqport/status/1450114717175910401?s=20
1:26:44 Australian Regulation
https://cointelegraph.com/news/aussie-senate-committee-proposes-overhaul-of-crypto-taxes-daos-and-exchange-licenses?utm_source=Telegram&utm_medium=social
1:28:07 Ape & Bull
https://www.reddit.com/gallery/qarb5k
1:31:03 Quick Hits
1:34:00 TAKES
1:35:00 Cave Paintings
https://twitter.com/mattmedved/status/1448823527621148673?s=21
1:35:52 My First NFT
https://twitter.com/mattmedved/status/1448136034567397377?s=21
1:36:12 NFTs are a Scam
https://twitter.com/AdamSacks/status/1450521593684402184?s=20
1:36:57 DAO 2 DAO
https://twitter.com/anonngmi/status/1449145793789808640?s=21
1:37:53 Crypto TAM
https://twitter.com/trustlessstate/status/1450653292283916292?s=21
1:40:04 New Regulators
https://twitter.com/twobitidiot/status/1450560238101336070?s=20
1:40:49 What David’s Excited About
1:45:22 What Ryan’s Excited About
1:47:41 MEMEs of the Week
https://twitter.com/androolloyd/status/1450413543279505410?s=20
https://twitter.com/lay2000lbs/status/1448766694328094721?s=20
1:51:33 Closing & Disclaimers
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https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We're talking all time highs right now. This has been all time high week. How are you doing? You got a big smile on your face. You must be happy. You're in your spongebob sweat sweater. |
| 0:21.0 | So it's going right. High fatties. It's awesome. Yeah. There's so much so many awesome things happened this week. Like you said, all time highs for Bitcoin. We got the Bitcoin ETF as well. Lots to unpack there. Also a Dow takes the mysterious unreleased famous Wu Tang album from the cold hands of a hedge fund villain and is now making it accessible for the rest of the world. TBD on that as well. And also |
| 0:51.0 | draft Kings and Polygon a 40 billion dollar public company now on polygon. Whoa. That's pretty cool. So much to talk about. Yeah, we got some details on the coin based NFT platform as well. We're going to cover so much going on, David. Hard to fit it in. But you know, we manage somehow sometimes it's a it's an hour and a half. Sometimes it's two hours. We jam pack this episode with everything that you need to know in crypto this week. So we'll time to do that once again. You think we're going to be successful. |
| 1:21.0 | We're going to try and go real real fast. So let's go ahead and get right into it. Ryan. But first we got some announcements. Want to take us through them. |
| 1:27.4 | The first is pool together has just rolled out their V4. They wanted bankless audience to know about it. And this is like my number one. When somebody asked me, what's the first thing I should use in DeFi? I always refer to them to pool together. It's either Uniswap or pool together. But I do this because this is a no lost lottery. Right. So they can't get angry at me. |
| 1:48.8 | If they lose anything because they won't lose something by depositing their funds into pool together. You put USDC in. It's fun. Easy to use. Use your interface. Just connect Metamask and boom. You're in a lot of where you can only win. There's there's no loss in the principle. |
| 2:05.4 | They generate the earnings based on prizes that are pushed out to the platform and based on the yield. The assets are earning. So it's like a it's like another way to save. |
| 2:17.1 | It's like a high interest, a lot of savings account actually. And their V4 has even more prizes. Also, it's a whale proof. It's really friendly for the the smaller minutes only depositing smaller amounts of money. |
| 2:29.9 | There's near zero transaction fees too because the hack is you can now deposit into pool together using polygon and not have to pay a gas fees. And they're launching with a million dollars in prizes. |
| 2:44.7 | So really cool to see this. I've won the lotto before. I don't know if you've ever won the lotto in pooled together. But it's like a magic feeling. You go and you check and you're like, oh my god, I won this week. Isn't that awesome? |
| 2:55.6 | Yeah. If you ever wanted to check the box of winning the lottery pool together, it might be the best way that you can add that to your Instagram bio or maybe your Tinder dinner bio. Just let let the people know that you want the lottery. |
| 3:08.3 | You should not tell anyone you win the lottery. If you win the lottery, that's like, yeah, it's a recipe for, you know, too many acquaintances calling you up and and wanting things. Anyway, guys, check that out. That's a bankless dot cc slash pool together and jump in the pool with us. David. |
| 3:26.4 | All right, all time high week. You ready to get to markets? That's absolutely do it. It is all time high week for Bitcoin. We crossed the previous all time high of $63,500, setting a new all time high of $67,100, taking a little bit of a tumble back down to $63 or $63,200. But still broke the all time highs. |
| 3:50.0 | That's big, man. That's big. So the last previous all time high, if I recall correctly, was some time in April, April 13th, 1191 days ago. |
| 3:59.1 | So Bitcoin holders, like through this whole bull run, they bet they've had to be very patient because they've watched all of these other assets pump since April in particular, like we have this alt layer to |
| 4:10.8 | the alt layer one summer, we had sort of a defy 2.0 kind of resurgence as well. And Bitcoin holders, if you are a Bitcoin holder, you've been waiting patiently for this time to come. |
| 4:21.4 | The big news was going to be the ETF, right? And here it is. It happened this week. And that's why we're seeing the Bitcoin pump. Does that explain all of this, David? |
| 4:31.0 | I think that a broader question that I want to ask is like, we went through all time high where we are now, 191 days ago, 27 weeks ago. |
| 4:40.2 | Then we went through like this period where Bitcoin just got slammered with FUD after FUD after slammered, huh, China FUD, energy FUD, ESG FUD, like regulation FUD. |
| 4:51.6 | And it took a beating. It went all the way like how low did it get like 29,026, 7,000 or something before returning back to back to all time highs. |
| 5:01.4 | And so like pretty crazy, right? And like, what is it, 27 weeks, half of a year. Like, there's always the conversation about Bitcoin goes in cycles. Like, was that a mini cycle? Was that a full cycle? Does, does it even matter as a cycle to talk about? Did we just go through like a full like seasonality cycle? I don't really know. |
| 5:20.8 | Important story is we are back at all time highs. |
... |
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