ROLLUP: Markets Turn Bearish | Trillion Dollar Bank Launches L2 | Massive Pudgy Airdrop | DeFi Drama

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 20 December 2024

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joining us this week is Anthony Sassano! We'll explore whether the current price downturn signals the end of the bull market or just a minor hiccup in the cycle, analyze the Fed’s latest rate cuts, and assess institutional adoption trends keeping crypto’s momentum alive. Big L2 developments are making waves: Kraken’s Ink chain hits mainnet early, Deutsche Bank ventures into zkEVMs, and ENS selects Linea for scaling its Namechain. Meanwhile, Pudgy Penguins launch the PENGU token, sparking controversy and volatility. Plus, fresh insights from the 2024 Crypto Developer Report and a closer look at the Aave vs. Polygon drama. Stick around for Anthony’s On-Chain Spotify Wrapped and tips on spotting market tops!
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TIMESTAMPS & RESOURCES
00:00:00 Start
https://www.cnbc.com/2024/12/18/fed-meeting-live-updates-traders-await-december-interest-rate-cut.html https://x.com/Matt_Hougan/status/1869627735267840135

00:02:45 Market
https://www.cnbc.com/2024/12/18/fed-meeting-live-updates-traders-await-december-interest-rate-cut.html https://x.com/Matt_Hougan/status/1869627735267840135

00:09:10 Where Are We In This Cycle
https://www.grayscale.com/research/reports/the-state-of-the-crypto-cycle

00:12:04 ETF Flows
https://farside.co.uk/?p=1518 https://farside.co.uk/btc

00:16:09 Mover Of The Week… Fartcoin?
https://www.coingecko.com/en/coins/fartcoin https://www.infinitebackrooms.com/dreams/conversation-1721540624-scenario-terminal-of-truths-txt

00:26:48 Developers, Developers, Developers
https://www.developerreport.com/developer-report https://x.com/MariaShen/status/1867295574242078980 https://x.com/MariaShen/status/1851702783319126277 https://x.com/RyanSAdams/status/1867324885732671778

00:34:54 Kraken Ink Chain Live
https://x.com/inkonchain/status/1869417386761470219 http://inkonchain.com/dashboard

00:38:34 Deutsche Bank Announces zk L2
https://thedefiant.io/news/tradfi-and-fintech/deutsche-bank-s-1-5-trillion-project-dama-2-develops-ethereum-l2-zksync-38f6221f

00:41:32 Caroline Crenshaw Vote
https://x.com/BrendanPedersen/status/1869055922238279940 https://x.com/standwithcrypto/status/1869151080300548383 https://www.citizen.org/article/support-comm-crenshaw/ https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409421 https://x.com/EleanorTerrett/status/1867301980890165398

00:47:14 Aave vs Polygon
https://governance.aave.com/t/arfc-adjust-risk-parameters-for-aave-v2-and-v3-on-polygon/20211 https://x.com/DefiIgnas/status/1868612366822461817 https://x.com/sandeepnailwal/status/1869153510756909475 https://x.com/stanikulechov/status/1869182600008679563

00:54:06 Pudgy Penguins Launched Their PENGU Token
https://x.com/LucaNetz/status/1869005071624904959 https://x.com/suji_yan/status/1868682237488894422 https://claim.pudgypenguins.com/ https://www.coingecko.com/en/coins/pudgy-penguins-pengu https://nftpricefloor.com/

00:58:15 Ethena Launched Its New Stablecoin
https://x.com/ethena_labs/status/1868657723799470361 https://x.com/ZeMariaMacedo/status/1868673718911713602

01:00:35 Bankless Wrapped Just Launched!
https://bankless.com/wrapped

01:04:37 How to Recognize Bull Market Tops?
https://imgur.com/a/Vaw3TSW

01:10:42 Check Out The Daily Gwei
Shoutout to The Daily Gwei for Ethereum-focused insights and updates.
https://www.youtube.com/@TheDailyGwei
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	Bankless Nation, it is the third week of December. It's time for the Bankless Weekly
0:07.7	Rollup. I've got Anthony Sissano here. David Hoffman is off not climbing mountains this time, Anthony,
0:12.9	but he's like apparently circling around them somewhere in Argentina right now. So this is like
0:17.6	a hike expedition, not a mountain climb expedition. How you doing, man?
0:21.5	Actually, it's super late where you are. So I want to thank you for doing this recording.
0:26.1	You're all the way in Australia. It's like, I don't know, it's like 12 a.m. or something like
0:29.7	that. And I know you always wake up bullish, Anthony, but my question to you is, do you also go to bed bullish? Yes, well, thank you for having me on again.
0:39.3	And yes, I wake up bullish, I go to bed bullish, and I sent to you in a message before
0:43.3	I said, it's okay if we have to record this late, because I'm always bullish on ETH, so it doesn't
0:47.3	matter.
0:48.3	Thanks, fan.
0:49.3	Well, we appreciate that.
0:50.3	I'm amazed actually that you go to bed bullish because I tend to wake up bullish and then just
0:54.6	the day, you know, if you spend enough time on crypto Twitter, it like beats you down until you're
0:59.5	like not as bullish as when you woke up and you have to like go sleep and dream about like,
1:03.7	you know, high crypto prices in order to refresh yourself for the next day. But I'm impressed that
1:08.1	you stay optimistic and you're able to go to bed bullish too.
1:15.3	Yeah. Yeah. I mean, I think it can wear everyone down over time, depending on how much time you spend. You know, people get burnt out, things like that. But I don't know. Like it's, it's,
1:19.6	it's for me, I spend the whole day talking to a bunch of different people within the ecosystem,
1:24.2	just researching a lot about Ethereum, checking out all the new updates,
1:27.5	and it just keeps me going, keeps me bullish. Yeah, it's just very hard to be bearish.
1:31.3	Like, even if the prices are going down, just so much stuff happening in Ethereum, which
	...

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