Bankless Nation, it is the second week of August. It's time for the bankless weekly roll-up.

We got Eith, just teasing us on that all-time high, David. It's not quite hit it yet.

Just ripping through numbers, but not breaking all-time high.

Well, because Eith was like $2,000 less two weeks ago. It's like $1,000 a week for two weeks. But we're so close. Just teasing it. Also, Bitcoin did hit an all-time high, stealing some of the glory. And then Tom Lee is the first to $1 million in ETH in his ETH treasury vehicle. Okay? ETH treasuries are just buying a ton of ETH. I think that accounts for a lot of the growth. We'll talk about that. What else we got? We got some bad PPI numbers this morning, the morning of August 14th. I, Ryan, am of the mind that all of these speed bumps that we come from like the economy, any sort of like, I don't know, war.

These are all just speed bumps that, you know, the market is just going up.

The economy's strong.

Markets strong.

And so like, yeah, we're going to have some speed bumps along the way.

And that's what we got with the PPI numbers.

We're going to talk about what those PPI numbers are and why everyone's a little bit skitterish as of this morning.

And what is old, Ryan is new again.

We are back into the world of the private intranet blockchains. Both Stripe and Circle launched new layer ones or announced layer ones this week. Arc and Tempo respectively. Good for crypto?

Bad for crypto? We're going to give our takes about that. Also, Minero was 51% attacked. All right, the famed 51% attack. We're seeing it in the wild. And banks are angry. They're lashing out against the Genius Act because I think they're losing their monopoly power. Maybe that's why they're crying about it. When banks are angry, I'm happy. That's good for us. That's the whole bankless thing, right? Coinbase, adding a Dex to a Coinbase app, and that's doing numbers. We got all that and more. But David, before we get in, you know what, I want you to show me on why I should only listen to the bankless podcast on the bankless premium feed. I do that right now, by the way. I'm a premium feed subscriber, and I want you to tell me why I'm doing this again. Remind me. We put out three episodes on the premium RSS feed this week. One with Uma, Roy, from Sucinct. One with DFI, Dave, from Kapp. And then the third with Preston Van Loon, who is an Ethereum core developer. Uma, they just launched the main net of Sucinct, and so we talked about that. It talked about the proved token, and I just asked everything that I wanted to know about that. Umma was here in the studio with me, so that was a live from New York episode. Dave from Cap Money startup on MegaEath and also the Ethereum Layer 1. I think it's a pretty cool startup, And so I asked him about that. And then Pressin just kind of gave us the download on the future of the Ethereum protocol where we are with EIPs. Fusaka is coming next, then Glamsterdam, and then some future fork that starts with the letter H after that. And then also come we kind of talked about like core dev morale, burnout, the shakeup of the EF and how that's impacted core dev development. So these are like more niche episodes, a little researchy, a little bit more in the trenches, more directional about what you want to learn. So if you want to learn about ZK, you got to subscribe to the premium feed to listen to Uma. If you want to learn more about Ethereum protocol development, you got to subscribe to the bankless premium fees.

You can go here for Preston.

If you want new apps on, DeFi apps on the Ethereum Layer 1 inside of this new meta defy apps, you got to subscribe to the bankless premium feed so you can go listen to Dave. And, you know, there's like people that pay thousands and dollars of research out there. or you could just listen to the bankless premium feed for $22 a month.

So there's a link in the show notes. So you can go subscribe and get all the other podcasts ad free. It's ad free. It's also our bonus debriefs that we record after episodes. It's early edition episodes as well. So people didn't have to wait for that Vitalik episode. They got it like a week in advance. It's all of these things. You know, there's two types of people in the world, David. There's people that watch Lord of the Rings, okay? Just like the regular cut, the theater cut. There's people that watch Lord of the Rings extended edition. Okay. That's what the bankless feed is. The premium feed is extended edition bankless. I hope you're one of those, you people,

they're my favorite people. All right. Let's talk about the dip that we saw as of this morning,

the PPI dip. First of all, what does PPI stand for? Okay, so the PPI is the producer price

index. All right, so it's a measure of inflation, but probably not the one you're used to. What's the one that we're all used to? And we talk about... CPI. Yeah, CPI. Consumer price index. Yeah, right. So PPI is sort of like the wholesale cousin of CPI. All right? It's all about like producers. It's all about wholesalers and their costs of good. Their costs to make things.

Whereas, so it discludes things like, you know, rent and, you know, other costs that might affect a regular citizen.

It's more if you're running a big business or something, your price of inputs.

It's more about goods rather than, yeah.

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