4th Week of October, 2022
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Topics Covered
0:00 Intro
1:50 Costume Reveal!
4:22Push
https://bankless.cc/Push
6:15 MARKETS
7:50 Short Liquidations
Today was the single largest liquidation event on FTX in its history and the runner up isn't even close.
~$600m
Someone get carried out on a stretcher?
Seems excessive given the move. But then again there's like 12 people who understand how their liq engine works. pic.twitter.com/DDs7RRM7qH— Hsaka (@HsakaTrades) October 25, 2022
10:20 Aptos
https://www.coingecko.com/en/coins/aptos
11:25 Doge
https://www.coingecko.com/en/coins/dogecoin
12:15 ETH
https://www.coingecko.com/en/coins/ethereum
12:55 Meta Down
If you bought $10,000 worth of $META 7 years ago, you would now have $9,546 pic.twitter.com/muvO3G63HX
— Ramp Capital (@RampCapitalLLC) October 27, 2022
Worth less than Home Depot
14:45 Have We Bottomed?
https://www.zerohedge.com/markets/druckenmiller-decade-no-returns
17:20 Run for Your Life
what if the doomers are wrong?
what if the macro podcastooooors are just relishing in their 15 minutes of fame?
run for your life anon
— Vance Spencer (@pythianism) October 24, 2022
19:15 BUSD Supply is on a Tear
BUSD supply is on a tear, topping $20 billion this month for the first time ever
BUSD supply as a share of the overall stablecoin market is at an all time high of 15.48%
So far this month, the % of trades denominated in BUSD stands at 22% pic.twitter.com/k2fNHDhvrE
— Frank Chaparro (@fintechfrank) October 22, 2022
20:00 a16z Fund Down
https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
24:20 Almost Ultra Sound
https://ultrasound.money/
26:10 Security Spend Over Last 40 Days
https://twitter.com/trustlessstate/status/1584934954256908294
28:00 Wartime Economies
https://twitter.com/trustlessstate/status/1585079956241256448
30:54 Apple War on NFTs
https://www.coindesk.com/business/2022/10/24/apple-refuses-to-exempt-nfts-from-app-stores-30-fee
33:30 Insane New Rules
Wow. This is absolutely insane. https://t.co/R5CPjMMI9v pic.twitter.com/yTUErUjZgY
— Alex Kantrowitz (@Kantrowitz) October 24, 2022
To cryptocurrency enthusiasts, this means Apple is now adding a 30% tax on your so-called "true ownership" of digital goods.
To crytocurrency detractors, this shows Apple's motivations are only money. For digital items, they support NFTs they tax, and ban NFTs they don't tax. https://t.co/RWZC1rSUwh
— Tim Sweeney (@TimSweeneyEpic) October 24, 2022
35:15 PayPal being shady again
Remember that time PayPal updated their terms so they could steal $2,500 from your account if you say something they don’t like then people got mad and they were like jk jk nvm just a prank bro.
Well.
They added it back in when you weren’t looking.
This is why we go bankless. pic.twitter.com/NhT4kKwHDR
— Bankless (@BanklessHQ) October 27, 2022
39:00 NEWS
40:00 Bankless Devcon 6 Videos
https://twitter.com/TrustlessState/status/1584907028908089344
42:00 MakerDAO
https://twitter.com/coingecko/status/1584593323552960513
https://www.coindesk.com/markets/2022/10/24/makerdao-members-support-founders-endgame-plan-to-break-up-into-metadaos-21b-of-transfers/
https://twitter.com/SebVentures/status/1584875892555268096
https://twitter.com/hasufl/status/1584879485748678656
44:30 EF L2 Grants are open
https://esp.ethereum.foundation/layer-2-grants
45:30 Reddit NFTs!
THE FLIPPENING !! pic.twitter.com/3NonLH76Mp
— Hamzah Khan (@_khanhamzah) October 24, 2022
https://twitter.com/MihailoBjelic/status/1584536046477651969
47:05 Dune Analytics
https://metaversal.banklesshq.com/p/the-reddit-nft-surge
47:40 Lord of the Rings
https://twitter.com/WarnerBrosNFT/status/1583095703173156864
https://www.theblock.co/post/178690/warner-bros-to-release-10999-lord-of-the-rings-nfts-as-part-of-web3-movie-push
51:55 Will Wright: Sims Creator Pioneer Making Blockchain Game
https://www.axios.com/2022/10/20/will-wright-voxverse-gala-gallium-blockchain
53:45 Bitcoin Salvador
https://cointelegraph.com/news/77-1-of-salvadorans-surveyed-think-the-gov-t-should-stop-spending-public-money-on-bitcoin
54:55 FTX Stablecoin
https://www.theblock.co/post/180344/ftx-could-launch-its-own-stablecoin-via-a-partnership-says-bankman-fried
56:20 Twitter Crypto Wallet?
Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”
— Jane Manchun Wong (@wongmjane) October 24, 2022
57:20 Regulators Leaving
Crypto’s ‘Revolving Door’ Hires Are Raising Eyebrows Among US Lawmakers
200 gov officials have left their posts for crypto.
"Another industry buying regulators"
Maybe
Or maybe the good people are leaving because they're sick of the incumbent protection racket you're running & want to find a real way to serve the public
Crypto is a public good pic.twitter.com/q0y8NHo1sy
— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) October 26, 2022
1:00:00 Kyle Roche
https://www.theblock.co/post/178768/roche-freedman-rebrands-and-parts-ways-with-kyle-roche-after-scandal
RELEASES
1:01:00 Sound Market
https://twitter.com/soundxyz_/status/1584560442235531266
1:01:25 Socketscan
https://twitter.com/socketdottech/status/1583140972523028481
1:03:00 JOBS
https://pallet.xyz/list/bankless/jobs
1:07:40 Questions from the Nation
https://twitter.com/KristinaKlaudy1/status/1585303486606233600
Could a group of ultra wealthy people (bezos, musk, etc) team up and buy a bunch of ETH, stake it, and take over the network? How safe is the Ethereum network from China? If China makes quantum computing work could they attack Bitcoin?
— Tadziu Music (@TadziuMusic) October 26, 2022
Will Ryan grow a voluminous stache for Movember? I personally believe this might end the bear market. At least, we should try
— Brlggs (@Brlggs) October 26, 2022
1:14:00 TAKES
1:15:05 TradFi Dangers
Contrary to widespread belief, traditional finance is not "safe" for consumers or investors.
Sure, it's dressed up to look that way, but its neat and tidy image is a thin veil for institutionalized discrimination, exclusion, and exploitation.
Crypto offers a different approach.
— Jake Chervinsky (@jchervinsky) October 19, 2022
1:16:12 Who Pays for Bitcoin Security?
https://twitter.com/TrustlessState/status/1585253069868392448
1:23:03 Internet is Changingaa
elon is pushing twitter towards crypto
zuck is pushing meta towards crypto
reddit is going all in on crypto
collectively billions of usersit's just hard to overstate how much the internet is about to change in the next few years
— Giancarlo (@GiancarloChaux) October 26, 2022
1:24:00 What David’s Bullish On
1:26:00 What Ryan’s Bullish On
https://beacons.ai/banklessbr
https://www.coindesk.com/layer2/2022/10/25/turkey-cryptocurrency-explained/
1:31:00 MEME of the Week
https://tweethunter.io/generate-tweets
Closing & Disclosures
Moment of Zen
https://twitter.com/songadaymann/status/1583512268012412928
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Not financial or tax advice. Do your own research.
https://www.bankless.com/disclosures
