ROLLUP: Will FAILING Banks Bring Down the Economy?!

Bankless Weekly Rollup
1st Week of May 2023

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Topics Covered

0:00 Intro

3:30 MARKETS
4:42 FED raised rates by 25 basis points
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230503a.htm
https://twitter.com/carlquintanilla/status/1653822271520223232
https://twitter.com/RyanSAdams/status/1653856569145081856
10:31 Jim Bianco’s take: THEY KNEW THE RISKS
https://twitter.com/biancoresearch/status/1653777745791401986

15:20 Banks Failure - Season 2!
https://www.fdic.gov/news/press-releases/2023/pr23034.html
24:40 Comparison of the US banks’ failures since 2002
https://twitter.com/mbostock/status/1653221977895882752
27:49 Arthur Hayes’ take: The U.S. Banking System is now Nationalized
https://twitter.com/CryptoHayes/status/1653175131123126272

33:41 Meanwhile, Balaji lost the Bitcoin bet
https://twitter.com/balajis/status/1653451860488130565
https://twitter.com/balajis/status/1653449321185169409
https://imgur.com/a/Eu4aIIb
https://imgur.com/a/Zg9Gh8r

41:48 Coinbase Going International
https://twitter.com/coinbase/status/1653385513011740672
https://www.coinbase.com/blog/introducing-coinbase-international-exchange
44:44 In good news…Gary’s GOT 10 DAYS
https://twitter.com/iampaulgrewal/status/1653898889311948800

48:35 VENMO bringing Wallets to 60M Americans
https://twitter.com/RyanSAdams/status/1652049681050943489
51:00 EigenLayer Stage 1 Mainnet is set to launch
https://twitter.com/eigenlayer/status/1653536292171567104
55:20 Sui Mainnet
https://twitter.com/SuiNetwork/status/1653731940107956225
SUI coming in at a $13B valuation
https://www.coingecko.com/en/coins/sui
https://thedefiant.io/sui-raises-300m
59:10 Alexlar
https://twitter.com/axelarcore/status/1653384907085737985
Bankless Show
https://www.youtube.com/watch?v=erZyGlxchsA
1:01:59 Lens Layer 3
https://twitter.com/StaniKulechov/status/1651898620973576193

1:03:30 New Zachxbt Victim
https://twitter.com/zachxbt/status/1651238822963826694
https://twitter.com/CoinGurruu/status/1651250297530974208

1:04:40 Biden proposes 30% climate change tax on cryptocurrency mining
https://www.whi