Bankless: ROLLUP: Markets Turn Bearish | Trillion Dollar Bank Launches L2 | Massive Pudgy Airdrop | DeFi Drama

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Joining us this week is Anthony Sassano! We'll explore whether the current price downturn signals the end of the bull market or just a minor hiccup in the cycle, analyze the Fed’s latest rate cuts, and assess institutional adoption trends keeping crypto’s momentum alive. Big L2 developments are making waves: Kraken’s Ink chain hits mainnet early, Deutsche Bank ventures into zkEVMs, and ENS selects Linea for scaling its Namechain. Meanwhile, Pudgy Penguins launch the PENGU token, sparking controversy and volatility. Plus, fresh insights from the 2024 Crypto Developer Report and a closer look at the Aave vs. Polygon drama. Stick around for Anthony’s On-Chain Spotify Wrapped and tips on spotting market tops!

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------ TIMESTAMPS & RESOURCES

00:00:00 Start https://www.cnbc.com/2024/12/18/fed-meeting-live-updates-traders-await-december-interest-rate-cut.html https://x.com/Matt_Hougan/status/1869627735267840135

00:02:45 Market https://www.cnbc.com/2024/12/18/fed-meeting-live-updates-traders-await-december-interest-rate-cut.html https://x.com/Matt_Hougan/status/1869627735267840135

00:09:10 Where Are We In This Cycle https://www.grayscale.com/research/reports/the-state-of-the-crypto-cycle

00:12:04 ETF Flows https://farside.co.uk/?p=1518 https://farside.co.uk/btc

00:16:09 Mover Of The Week… Fartcoin? https://www.coingecko.com/en/coins/fartcoin https://www.infinitebackrooms.com/dreams/conversation-1721540624-scenario-terminal-of-truths-txt

00:26:48 Developers, Developers, Developers https://www.developerreport.com/developer-report https://x.com/MariaShen/status/1867295574242078980 https://x.com/MariaShen/status/1851702783319126277 https://x.com/RyanSAdams/status/1867324885732671778

00:34:54 Kraken Ink Chain Live https://x.com/inkonchain/status/1869417386761470219 http://inkonchain.com/dashboard

00:38:34 Deutsche Bank Announces zk L2 https://thedefiant.io/news/tradfi-and-fintech/deutsche-bank-s-1-5-trillion-project-dama-2-develops-ethereum-l2-zksync-38f6221f

00:41:32 Caroline Crenshaw Vote https://x.com/BrendanPedersen/status/1869055922238279940 https://x.com/standwithcrypto/status/1869151080300548383 https://www.citizen.org/article/support-comm-crenshaw/ https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409421 https://x.com/EleanorTerrett/status/1867301980890165398

00:47:14 Aave vs Polygon https://governance.aave.com/t/arfc-adjust-risk-parameters-for-aave-v2-and-v3-on-polygon/20211 https://x.com/DefiIgnas/status/1868612366822461817 https://x.com/sandeepnailwal/status/1869153510756909475 https://x.com/stanikulechov/status/1869182600008679563

00:54:06 Pudgy Penguins Launched Their PENGU Token https://x.com/LucaNetz/status/1869005071624904959 https://x.com/suji_yan/status/1868682237488894422 https://claim.pudgypenguins.com/ https://www.coingecko.com/en/coins/pudgy-penguins-pengu https://nftpricefloor.com/

00:58:15 Ethena Launched Its New Stablecoin https://x.com/ethena_labs/status/1868657723799470361 https://x.com/ZeMariaMacedo/status/1868673718911713602

01:00:35 Bankless Wrapped Just Launched! https://bankless.com/wrapped

01:04:37 How to Recognize Bull Market Tops? https://imgur.com/a/Vaw3TSW

01:10:42 Check Out The Daily Gwei Shoutout to The Daily Gwei for Ethereum-focused insights and updates. https://www.youtube.com/@TheDailyGwei

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠