December 23, 2022
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📣 Kraken | The Crypto Exchange for Everyone
http://k.xyz/bankless-pod
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BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN
https://bankless.cc/Deso
🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave
📡 TRUEFI | CRYPTO FINANCIAL HUB
https://bankless.cc/TrueFi
👾 SEQUENCE | ALL-IN-ONE PLATFORM
https://bankless.cc/Sequence
⚡️FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/fuel
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Topics Covered
0:00 Intro
2:13 Kraken
3:40 MARKETS
9:00 DeFi Growth
https://dune.com/danning.sui/dex-users-across-chains
9:50 Scaling Vector
The last two months have been special for #Layer2 in terms of activity.
Both layers of Ethereum processed a total of over 152 million transactions, 58% of which happened on L2. @arbitrum and @optimismFND combined are also becoming close to flipping Layer 1 daily transactions. pic.twitter.com/ohKUzy01rr
— L2BEAT (@l2beat) December 20, 2022
11:18 MakerDAO Revenue
https://twitter.com/liamellul/status/1603820633850228736
13:10 Bear Market Behavior
What to do in a bear market.
1) Invest in yourself and acquire skills.
2) Start a side hustle in crypto.
3) Dollar cost average into the gems (70% ETH + 30% other)
4) Build your network & meet as many people as you can.
— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) December 22, 2022
19:55 Coinbase Valuation
Coinbase raised money in 2018 at an $8b valuation. It's currently trading at a $9b valuation. Meanwhile:
2018 Revenues: $520m
2022 Revenues: $3.3b2018 Users: 22m
2022 Users: 101m2018 Assets on Platform: $11b
2022 Assets on Platform: $101b— Matt Hougan (@Matt_Hougan) December 20, 2022
23:30 SBF in the USA
Two months ago, SBF was debating the future of crypto policy and nobody knew FTX was a sham.
One month ago, SBF was apologizing for losing billions and everyone worried he might get away with fraud.
Today, SBF is in FBI custody and his chief co-conspirators have pleaded guilty.
— Jake Chervinsky (@jchervinsky) December 22, 2022
25:15 Bahaman Jail
https://decrypt.co/117557/imprisoned-bankman-fried-may-relent-in-extradition-fight-reports
26:00 New York City
https://nypost.com/2022/12/21/sam-bankman-fried-handed-over-to-us-authorities-heading-to-ny/
26:30 Caroline & Gary
https://www.coindesk.com/policy/2022/12/22/alameda-chief-caroline-ellison-ftxs-gary-wang-plead-guilty-to-fraud-charges/
27:30 Finding Billions
https://thedefiant.io/ftx-finds-1b
29:10 Clawbacks
https://www.theguardian.com/business/2022/dec/20/ftx-seeks-to-claw-back-donations-to-politicians-and-charities
31:42 Brian Armstrong Proposal
https://twitter.com/RyanSAdams/status/1605222605258194945
36:25 Visa Payments
https://twitter.com/catgu_/status/1604896035616264205
41:30 NEWS
Uniswap x Moonpay – https://twitter.com/Uniswap/status/1605251408155906048
42:30 Ren in Danger
https://blockworks.co/news/alameda-backed-ren-warns-crypto-could-be-lost-as-platform-shuts-down
45:40 ETHGlobal
https://ethglobal.medium.com/announcing-the-2023-ethglobal-season-3cc1960de7b4
46:30 Trump NFTs
Trump made $6.7m on NFTs last wk.
He’s never leaving crypto now.
— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) December 18, 2022
51:35 Reddit NFT Volume
Reddit launched another free NFT collection 5 days ago called Recap 2022
it already has 1.3 million owners
probably nothing pic.twitter.com/K31UbB6F43
— Giancarlo (@GiancarloChaux) December 20, 2022
52:15 Wash Trading
https://twitter.com/hildobby_/status/1603763322012041217
54:10 Christies Down Bad
https://www.theblock.co/post/196568/auction-house-christies-nft-sales-fell-96-in-2022
55:10 Bankless Collectibles
https://collectibles.bankless.com/
56:24 Core Scientific Bankruptcy
https://www.theblock.co/post/196884/bitcoin-miner-core-scientific-set-to-file-for-chapter-11-bankruptcy-protection-cnbc
58:35 Binance Buying Voyager
https://www.cnbc.com/2022/12/19/binance-to-acquire-voyager-assets-weeks-after-ftx-deal-fell-through-bankruptcy.html
1:00:48 Banning Crypto
1:02:25 Jobs
https://pallet.xyz/list/bankless/jobs
1:05:00 TAKES
Wells Fargo – https://twitter.com/GRDecter/status/1605220493564514305
Meme – https://twitter.com/Reflog_18/status/1605269193795960833
1:11:20 Binance Account
If it can deactivate your account it's a bank pic.twitter.com/T11KNdKeYD
— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) December 20, 2022
1:14:00 What David’s Bullish On
1:16:30 What Ryan’s Bullish On
1:20:25 MEME of the Week
https://pbs.twimg.com/media/FkjsYMMXkAI3Mfl?format=jpg&name=medium
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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://www.bankless.com/disclosures
