The Bankless podcast episode kicks off with a playful banter about "Uptober" and quickly dives into market analysis, noting Bitcoin's 8% rise and Ethereum's 13% surge, fueling predictions of a bullish quarter. They discuss the U.S. government shutdown's limited market impact and analyze Zcash's surprising 230% surge, questioning its utility and the broader implications for privacy coins. The hosts then cover Vanguard's shift towards crypto ETFs, Tom Lee's substantial ETH purchases, and the launch of Plasma, a Tether-backed Layer 1 blockchain. They debate whether Plasma should have been a Layer 2 and explore Stripe's new stablecoin issuance platform, CloudFare's stablecoin on Base, and Societe Generale's stablecoin initiatives, touching on the potential end of the USDC/Tether duopoly. The episode further examines LIDAR as a new perps exchange, Swift's collaboration with ConsenSys, and Circle's exploration of reversible USDC transactions, questioning the future of cypherpunk ethos in mainstream crypto. They conclude by discussing the implications of AI-generated video with Sora and the need for cryptographic solutions for data authenticity, ending with a humorous clip parodying big banks' stance on crypto rewards.
Sign in to continue reading, translating and more.
Continue
