Bankless

Join Anthony Sassano, a contributor to The Daily Gwei, and Eric Conner, known for his work with Into the Ether, as they dissect the shocking collapse of Luna and its lessons for investors. They tackle the emotional toll of market crashes and the urgent need for stability in crypto. With a bullish outlook on Ethereum's upcoming merge, they explore the potential for innovation despite bear market challenges. Their witty dynamics keep the conversation engaging while discussing the future of decentralized finance.

2nd Week of May, 2022 ------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/    🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/    ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO   🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ------ Topics Covered: 0:00 Intro 3:30 MARKETS 4:00 BTC Price 5:14 ETH Price 6:20 BTC Ratio 7:30 Down Bad 8:20 The Fed 11:30 Alt L1s https://twitter.com/RyanSAdams/status/1524530815534780418?s=20&t=vizZmVoPrcVxbam1fHBrDw  18:41 Coinbase Earnings https://twitter.com/fintechfrank/status/1524128481537400832  22:30 NEWS 23:00 UST Luna Collapse https://twitter.com/terra_money/status/1524785058296778752?s=21&t=E7dei4OsxkNXTk1l9K0kaQ  36:06 Tether Loses Peg https://www.coindesk.com/markets/2022/05/12/tether-loses-1-peg-bitcoin-drops-to-2020-levels-of-near-24k/  38:05 Coinbase Bankruptcy https://www.wsj.com/articles/coinbase-says-users-crypto-assets-lack-bankruptcy-protections-11652294103  41:27 Bankless Banned from Youtube https://twitter.com/BanklessHQ/status/1523317593947353089  48:58 Optimism Records https://twitter.com/kelvinfichter/status/1523826091961597953  51:00 NFTs 51:24 Instagram NFTs https://twitter.com/BanklessHQ/status/1523404729715359745  53:49 Doodles Billboard CEO https://decrypt.co/99660/ethereum-nft-collective-doodles-names-billboard-executive-new-ceo  54:14 PopeNFT https://www.entrepreneur.com/article/426931  54:54 Poolsuite Manor DAO https://twitter.com/Poolsuite/status/1522311339116539906  55:15 REGULATION 55:44 BitMEX Fine https://www.coindesk.com/policy/2022/05/05/us-court-orders-bitmex-founders-to-pay-30m-for-illegal-trading-2/  56:51 Germany Tax https://decrypt.co/100086/germany-wont-tax-bitcoin-ethereum-sold-after-one-year-of-possession  57:43 JUNO Oops https://twitter.com/CoinDesk/status/1522290377713192962  58:30 RELEASES 58:40 Hop Drop https://twitter.com/HopProtocol/status/1522284534598967300  1:00:45 Compound Treasury Credit Rating https://twitter.com/compoundfinance/status/1523655146898661376  1:01:35 Zapper iOS App https://twitter.com/zapper_fi/status/1517155336070696961  1:02:25 Zora $50m Raise https://twitter.com/stevejang/status/1522287336209362944  1:03:18 Decrypt Raise https://www.coindesk.com/business/2022/05/03/decrypt-spins-out-from-consensys-mesh-raises-10m-at-50m-valuation/  1:03:40 JOBS https://pallet.xyz/list/bankless/jobs  1:08:15 Community Questions https://twitter.com/ChristopherSc15/status/1524539103412379650?s=20&t=C0zGfY_hr437Uh3oamnkuw  https://twitter.com/Jasper_ETH/status/1524492344317419520?s=20&t=C0zGfY_hr437Uh3oamnkuw  https://twitter.com/daniserra/status/1524570148257947648?s=20&t=C0zGfY_hr437Uh3oamnkuw  1:15:45 TAKES 1:16:10 DAO Culture https://twitter.com/owocki/status/1524069606855303168  1:18:35 The Best Investments https://twitter.com/RyanSAdams/status/1524703484884488192?s=20&t=HrwnaTnEh4GfX6mk8q5Ybg   1:20:15 What David’s Excited About 1:22:00 What Ryan’s Excited About 1:24:05 MEME of the Week 1:25:00 Moment of Zen ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

In a dramatic turn of events, the UST stablecoin experienced a catastrophic collapse, leaving the crypto community in shock. The discussion dives into the chaotic timeline and emotional fallout from this financial disaster. Key insights reveal how the algorithmic model and market dynamics ultimately led to downfall. With a focus on resilience and the lessons learned, experts critique the regulatory responses and highlight the need for better awareness in the cryptocurrency space to prevent future crises.

Hal Press, the founder of North Rock Digital and a hedge fund manager with deep conviction in Ethereum, shares his bold strategy of betting his entire fund on the Ethereum merge. He discusses the unique dynamics of ETH's supply and demand, the impact of core developer calls, and trading strategies surrounding the merge. Press also dives into the implications of staking in DeFi and contrasts Ethereum with alternative layer 1 blockchains, emphasizing the significance of market narratives and investor psychology in this transformative era for crypto.

Fiskantes, an insightful anonymous figure from crypto Twitter and part of Zee Prime Capital, dives into the evolving landscape of crypto and investing. He connects the strategic mindset of poker to DeFi, emphasizing the power of intuition in decision-making. The conversation shifts to the unpredictable NFT trends and their future impact on digital ownership. Fiskantes also discusses the role of innovation in crypto's counterculture and how blockchain is reshaping traditional work structures, fostering new paradigms of community and connectivity.

Jim O'Shaughnessy, a Wall Street legend and founder of O’Shaughnessy Asset Management, shares his wealth of investing wisdom. He discusses the timeless principles that bridge traditional and crypto investing, stressing how investor psychology shapes market narratives. Listeners will learn about the evolution of investment strategies since the 1970s, the importance of critical thinking in a volatile market, and methods to navigate cognitive biases. With practical tips on long-term strategies, Jim emphasizes the value of data-driven decisions in crypto investing.

Leo Alhalabi, a key member of the 10K ENS Club known for his ENS name 562.eth, dives into the intriguing world of low-digit ENS domains. He discusses the rising value and cultural significance of these digital assets, which are becoming symbols of identity in Web3. The conversation explores the community's evolution, plans for future growth, and the potential of subdomains. Leo also highlights the unique challenges and opportunities within this burgeoning marketplace, calling for enhanced engagement and collaboration among members.

Chris Winfrey, a member of the Hop Protocol team and expert in cross-chain solutions, unveils the launch of the Hop Protocol DAO. He dives into the project's evolution, highlighting its community-driven approach to funding and governance. Winfrey also explores the intricacies of the Hop airdrop, tackling challenges of equitable distribution while rewarding early participants. The discussion touches on the competitive landscape of layer two solutions, offering insights on yield opportunities and the future of cross-chain bridges in the Ethereum ecosystem.

The podcast dives into the recent upheaval in crypto markets, spotlighting Bitcoin and Ether price fluctuations amidst Federal Reserve decisions. The NFT sector shows unexpected resilience, with high trading volumes on OpenSea. Listeners learn about the challenges faced by the Solana blockchain and the implications of significant gas fees during the Bored Ape land mint. Excitement builds around upcoming token drops and decentralized finance innovations, while the podcast also addresses the evolving job market in crypto and the importance of community in this dynamic space.

Discover the transformative potential of Layer 2 (L2) solutions in the crypto landscape. Learn how these innovations can fund public goods, revolutionizing support for essential resources. Explore the concept of Maximum Extractable Value (MEV) and its impact on revenue generation versus community investment. Dive into retroactive public goods funding and its implications for prioritizing societal projects. Hear about decentralized governance and how community engagement shapes decision-making, paving the way for new opportunities in L2 ecosystems.