This week on the Weekly Rollup: Bitcoin briefly plunged to $93K amidst $1.1B in crypto liquidations, marking the largest single-day event since 2021, with $815M wiped from long positions alone. Meanwhile, Ethereum ETFs hit a record inflow day of $428M, and Layer 2 solutions like Mantle are driving the ecosystem forward with nearly 1M ETH bridged to Base. On the regulatory front, the crypto world sees both challenges and opportunities as Trump appoints David Sacks as Crypto Czar while Microsoft shareholders reject Bitcoin on their balance sheet. With bullish predictions, such as Bitcoin reaching $250K, and major milestones like 1B unique crypto addresses, the crypto market continues its rollercoaster of volatility and growth.
------ 📣 DYDX | UNLIMITED ERA https://bankless.cc/dydx-unlimited ------ BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2
🦄UNISWAP | BUG BOUNTY PROGRAM https://bankless.cc/Uniswap-Bug-Bounty
🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🐧 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiSimple
📈 iYield: YOUR FINANCIAL PICTURE, SIMPLIFIED https://bankless.cc/iYield
🔒 SAFE | INTRODUCING SAFENET https://bankless.cc/SAFE
------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/113?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------ TIMESTAMPS & RESOURCES
00:00:00 Trump On Bitcoin Reserve https://x.com/tftc21/status/1866895723410673988?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
00:03:43 MARKET https://x.com/QuintenFrancois/status/1866445089909653545 https://x.com/DegenerateNews/status/1866957840805409049
00:13:47 L2 Update https://x.com/jessepollak/status/1867047990843916334 https://dune.com/eekeyguy_eth/eth-supply-tracker
00:16:40 Bitcoin Reserve https://x.com/InvestorAsh/status/1866221541400219847 https://x.com/el33th4xor/status/1866255029033943551
00:27:06 Donald Trump appointed David Sacks as a Crypto and AI czar https://truthsocial.com/@realDonaldTrump/posts/113603133222686186 https://x.com/BitcoinNewsCom/status/1864857461481422934. https://x.com/DavidSacks/status/1865199683087245405
00:32:26 CFTC Chair Rumors https://x.com/emiliemc/status/1866686542649102586?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
00:34:08 SEC - Crenshaw https://x.com/eleanorterrett/status/1866981517932822540?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g https://x.com/brian_armstrong/status/1865913522670260680 https://x.com/masonlynaugh/status/1866877145902948483
00:39:52 Should Ethereum Pump The Gas https://x.com/dankrad/status/1863412876901306599 https://x.com/dankrad/status/1867078641118789787 https://x.com/drakefjustin/status/1865894859468427
00:44:44 MOVE Token https://x.com/movementfdn/status/1866093209719579011
00:46:00 Magic Eden https://x.com/MagicEden/status/1866483682367693227 https://mefoundation.com/ https://www.coingecko.com/en/coins/magic-eden
00:46:37 Pudgy Airdrop https://x.com/pudgypenguins/status/1864851993094664602 https://nftpricefloor.com/pudgy-penguins
00:51:38 EtherRocks https://x.com/etherrock/status/1865480491773640830?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
00:53:30 Quantum Computing https://x.com/InvestorAsh/status/1866221541400219847 https://x.com/caprioleio/status/1866355221670302170 https://vitalik.eth.limo/general/2024/10/29/futures6.html https://x.com/el33th4xor/status/1866255029033943551
00:59:36 Stablecoin News https://x.com/jerallaire/status/1866733181728366593 https://defillama.com/stablecoins https://x.com/aave/status/1866127138820112562 https://x.com/defiignas/status/1866831563272712393
01:05:16 Meme Of The Week https://x.com/sherlock_hodles/status/1866557875671187912
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures