# Bankless Discord Weekly Summary: Dec 2nd - 9th 2024

*Author: Bankless*
*Published: Dec 9, 2024*
*Source: https://www.bankless.com/es/bankless-discord-weekly-summary-dec-2nd-9th-2024-2*

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The week was marked by significant market milestones and deeper ecosystem discussions, with the Bitcoin $100K achievement and cross-chain development debates generating the most engagement.

## Market Movements & Sentiment 
**Bitcoin $100K Milestone 🎉**

- Historic crossing of $100K level
- Community celebration and discussion
- Significant leverage clearout (~$3B open interest purged)
**ETH Performance**

- Reached $4K milestone
- Strong weekly candle formation
- Growing optimism about ETH's momentum
**Alt Season Indicators**

- Surprising strength from 2017/2021 era coinsXRP, ADA, EOS showing significant gains
- Discussion about market cycle indicators
- Early alt season signals observed

## Regulatory & Geopolitical Developments
**South Korea Political Situation**

- Failed martial law attempt
- Parliament voted 190-0 against declaration
- Market impact discussion
**US Regulatory Outlook**

- Paul Atkins potential SEC chair appointment
- Discussion of Trump administration's crypto policies
- Operation Chokepoint revelations

## Technical & Ecosystem Updates
**Validator Issues**

- Major slashing event affecting 1269 validators
- ~21 ETH burned due to misconfiguration
- Technical discussion about redundancy risks
**Cross-Chain Developments**

- Pudgy Penguins announcing Solana expansionToken launch strategy
- Community reaction
- Broader discussion about cross-chain development
- Discussion about chain abstraction and standards
**Infrastructure Discussions**

- EIP-7691 proposal
- Gas limit increase debates
- Based rollups performance discussion

## Community & Media Discussion
**Ecosystem Tribalism**

- ETH vs SOL narrative discussions
- Media coverage debates
- Community calls for less toxicity
**Bankless Role**

- Discussion about podcast influence
- Social media strategy debate
- Community feedback about coverage balance

## DeFi & Trading
**Safety & Mechanics**

- AAVE liquidation mechanics
- Risk management strategies
- Flash crash impact analysis
**Investment Trends**

- AI token discussionPopular picks: GOAT, VIRTUAL, AIXBT
- Trading strategies
- Yield trading complexity (Pendle discussion)
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