Join Bankless Premium to listen to the Ad-Free version of this episode
NEW ROLLUP
Listen to podcast episode | Apple | Spotify | YouTube | RSS Feed
Bankless Sponsor Tools:
ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
DESO | DECENTRALIZED SOCIAL BLOCKCHAIN
https://bankless.cc/Deso
BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave
TRUEFI | CRYPTO FINANCIAL HUB
https://bankless.cc/TrueFi
SEQUENCE | ALL-IN-ONE PLATFORM
https://bankless.cc/Sequence
FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/fuel
ROLLUP: 3rd Week of October, 2022
October 21, 2022
MARKET
-
30 Year Fixed Mortgage Rates Hit 7.15%
If you flew an aircraft like this you would (a) stall (b) rip the wings off (c) crash & burn.Luckily for us, itโs not the trajectory of a flight vehicle, but rather the US01Y โ the risk free interest rate driving the entire $500 trillion global finance system. https://t.co/8ucgR6M2fw
The Burn Continues
NEWS
Regulating CryptoโฆDCCPA & SBF
https://twitter.com/alliancedao/thread/1582800340520312833


9/ Second, the bill could be interpreted as a ban on DeFi.
The โdigital commodity platformโ definitions are all designed for centralized custodial markets. Yet, as @SenGillibrand sharply pointed out, they also might capture DeFi protocolsโno more than codeโwhich canโt comply.
<div class="tweet" data-attrs="{"url":"https://twitter.com/RyanSAdams/status/1582842277948362753","full_text":"@SBF_FTX Sam.\n\nWith respect.\n\nThis absolutely sucks.\n\nYouโre saying DeFi should be OFACed.\n\nYouโre saying onchain freezeโs should be normal.\n\nYouโre saying DeFi front-ends to register as a broker-dealer.\n\nNo, this is not reasonable.\n\nThis would eliminate the U.S. from the crypto race. ","username":"RyanSAdams","name":"RYAN SฮAN ADAMS ","date":"Wed Oct 19 21:13:01 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FfdgWVEWYAk23ID.jpg","link_url":"https://t.co/AtlvHgaAkL","alt_text":null},{"img_url":"https://pbs.substack.com/media/FfdghfPWAAAd3eB.jpg","link_url":"https://t.co/AtlvHgaAkL","alt_text":null},{"img_url":"https://pbs.substack.com/media/FfdhOZIXwAQGSGK.jpg","link_url":"https://t.co/AtlvHgaAkL","alt_text":null}],"quoted_tweet":{},"retweet_count":445,"like_count":2841,"expanded_url":{},"video_url":null,"belowTheFold":true}โ>

With respect.
This absolutely sucks.
Youโre saying DeFi should be OFACed.
Youโre saying onchain freezeโs should be normal.
Youโre saying DeFi front-ends to register as a broker-dealer.
No, this is not reasonable.
This would eliminate the U.S. from the crypto race.




he is very transparent in that he wants to siphon value out of your account into whatever causes he claims to care about
couldnโt care less about decentralization
meanwhile, NPCs here simp & worship him like a hero
pathetic

the proposal is called the Digital Commodities Consumer Protection Act.
a better name would be the Digital Commodities FTX Protection Act.

Aptos Debut Bomb
โAptos is Brokenโ Thread
https://twitter.com/ParadigmEng420/thread/1582121408548651009

created by ex-Libra devs as a fairly blatant cash grab (and ofc funded by the usual suspects who extract billions from the space),
may be one of the most important social shifts weโve seen in the space in a while

JOBS
TAKES

โฆ
Keep thinking about it
โฆ
Bitcoin and Ether are both worth less than they were ~5 years ago.
<div class="tweet" data-attrs="{"url":"https://twitter.com/TrustlessState/status/1580578258822713345","full_text":"Bankless is bigger than just @BanklessHQ ","username":"TrustlessState","name":"DavidHoffman.bedrock ","date":"Thu Oct 13 15:16:37 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/Fe9XjAYXgAAHTiA.jpg","link_url":"https://t.co/M77yM1O9Yl","alt_text":null}],"quoted_tweet":{},"retweet_count":17,"like_count":268,"expanded_url":{},"video_url":null,"belowTheFold":true}โ>

