ROLLUP: Bull Market Week 2 | Blackrock ETH ETF | WSJ vs Crypto

This podcast episode provides a comprehensive overview of the current state of the crypto bull market. The discussions cover various topics such as token movement, the impact of layer twos on Ethereum, ETF filings by Blackrock and the XRP community, the importance of base roll up and privacy protocols on Ethereum, and the performance of assets like Celestia, Avalanche, Thor chain, and Solana. The episode addresses concerns about token valuation, potential new ETFs, the misconception of cryptocurrency and terrorism financing, and the implementation of layer two solutions by centralized exchanges. Furthermore, it explores privacy in cryptocurrency, developments in the near protocol, the future of Ethereum, the popularity of NFTs, and the concept of code as law in the crypto space. Overall, this episode offers a comprehensive overview of the current trends, developments, and challenges in the crypto market. Takeaways • Layer twos on Ethereum are gaining momentum, with centralized exchanges also launching layer 2 solutions. • Blackrock's ETF filing for spot Ethereum ETF is considered bullish, while the XRP community failed in their attempt to create their own ETF application. • Base roll up and upcoming privacy protocol on Ethereum are significant developments for on-chain perks and identity verification. • Assets like Celestia, Avalanche, Thor chain, and Solana have shown remarkable growth and garnered attention from retail and institutional investors. • The valuation of certain tokens, such as Salana, has been criticized for its lack of volume and potential for price manipulation. • The likelihood of new non-Bitcoin and non-Ethereum ETFs in the near future is low, and the focus remains on spot Bitcoin and Ethereum ETFs. • False allegations associating cryptocurrency with terrorism financing have been refuted by blockchain analytics firms. • Centralized exchanges implementing layer two solutions is becoming a standard practice for scalability and on-chain activities. • Coinbase offers base chain perks, including free transactions, anti-sybilness, and access to a dedicated community. • Privacy solutions like Nocturn aim to provide privacy in decentralized finance while addressing challenges related to privacy rights and access. • The near protocol is collaborating with Polygon to develop layer 2 solutions and enhance scalability and interoperability. • The future of Ethereum involves multiple possibilities, including the dominance of one superchain, the use of layer 2 solutions like Redstone and Plasma, and cross-roll-up communication. • NFTs have gained popularity and attracted seed funding opportunities in the crypto space. • Code acts as law within the crypto space, and exploiting vulnerabilities can result in significant gains or losses. • Navigating the crypto space requires caution and understanding of the power held within the code.