ROLLUP: ETH Price Target | ETF Launch Date | Celebcoin Drama | Major New L2s

Bankless Station, it is the last week of May, and what a May it has been, David. We are one week off the Ethereum ETF, so I know we're gonna talk about that. And uh we got a lot more in store. But you know what? You were scheduled to be leaving today, I believe.

Uh no, I would have been I would have been at consensus. Consensus is happening in Austin right now. I would have been there on like Monday or Tuesday.

Alright, tell tell us about the rib.

But but I've got to be able to do that. What happened? Break you to astute listeners would notice that I'm not a consensus. I'm at my apartment in New York. Uh so okay. The fight with Nicaragua was going to be on today, uh Thursday night, uh May 30th. Uh instead, I broke a rib, so I will not be fighting.

Yikes.

Different things happened.

Which

Rib Um

rib? Here's the x ray.

Rib number eight, yeah.

Um

Did you feel the need to post this x ray just so that uh haters couldn't say you were trying to dodge the fight with uh Nick Carter?

100%. 100%. That's why. There was no way I was just going to be able to get away with a tweet saying, oh, I broke a rib. Like I needed to post an x ray.

I know, I know. So this was your your ninth rib fully fractured.

Ninth rib, excuse me.

Yeah. How you how you feelin?

Uh so okay, it it broke Monday of last week. So coming up on like 10 or 8, 10 or 11 days ago. Uh and then the next five days, I broke it on Monday. The next five days it just got worse and worse and worse. I got x rays on Thursday. It's like, okay, this is this pain is now very real and not going away.

Yeah.

Uh and then x-rays come back and it's fully broken. Uh and then on Saturday was like peak pain where it's like getting out of bed was just like a two-minute long process.

Like sneezing sends like shivers down my spine. Uh we're we're on the mend though, so it was like that was that's last Saturday, so I've got like four days of like feeling better since then.

W with a with a rib a fracture, a rib break, you just have to ride it out.

There's there's nothing you can do. There's like you can't get a cast. Like you're your ribs still have to flex because that's how you breathe. Uh so like you basically just can't do anything extra. So like walking is fine, but bending over not fine. Uh like doing anything, like how about you laying down, uh laughing? No. There was there was a time I was like scrolling through like Instagram reels, just like mindlessly, just like chuckling at some of the stuff, and I just had to stop because it was like funny stuff was like too painful.

Dude, I'm sorry. I know this was disappointing because I had I had seen the amount of work that you put in for the last uh t two months. And that amount of work, by the way, is uh why I bet on you, David. People don't know. Earlier that week I took out a bet with Kyle Simani from Multicoin that David was gonna win. So uh I know you put a lot of time into this because uh because I saw it, and I saw you show up to podcast recordings like battered, battered and bruised. So I I'm sorry this happened. And yeah, same for Nick, too. I'm sure he was uh Nick winning.

Ton of work, yeah. He was going through a whole camp. Yeah.

Okay, so there we never know

I don't know. I I th we are working on things. Uh we are figuring out where like the first ever Nick Carter versus David Hoffman fight will be. Um

so so it's not canceled. It's just

Cancelled.

postponed. Merely postponed.

For uh to an unknown unknown date. But yeah, we both intend to to do this thing.

All right, very exciting. Well, let us know on the details uh around that. David, that's the fight. We got to talk about the uh the fight Ethereum won last week. We are one week out from the Ethereum ETF approval. We're talking about when we can buy an ETH ETF. Some more paperwork has to get filed. Will that take weeks? Will that take months? Also, I have a question for you, man. Why isn't the price moving? Why is it? That's a really good question.

It's a really good question. Why hasn't the price moved? In the world of politics, Trump has been doubling down even harder on crypto, and Biden finally coming around. A request for help came out of the Biden administration as it relates to crypto. So crypto nonetheless stacking up political wins no matter what side of the aisle you're on. And then Caitlin Jenner releases Jenner coin on Solana, followed by another of other celeb coin releases. What the hell is going on over there? Are these scams? Are they good or bad for crypto? What are people's takes about them? And then we also have a big fat layer two update section. We got a based roll up framework that just launched ENS building its own layer two base. The base chain is increasing its capacity. Lots of great layer two updates as well.

All right, give us the new frontier of prices on the week, David. Let's start with uh our good old friend, the the orange coin, Bitcoin. What is the price on the week for Bitcoin in fiat terms, in US dollar terms, David?

Bitcoin starting the week at $68,000 up 1%. Basically flat, call it flat. $68,000 and a half thousand dollars is where we are ending the week with Bitcoin. Ether started the week at $3,800 and down 1% to $3,760, $80 on the screen. Uh down 1%.

Can we time out here? Down one percent,

Down 1%.

down one percent from last Thursday.

From the time

Last Thursday. Yeah.

from the time uh we were recording the roll-up last week, we didn't know whether the Ethereum ETF was approved. There was speculation.

Correct.

And

And then and then it was approved.

we are one percent up.

No, we're 1% down.

One percent down?

And we're 1% down.

That's even more insulting.

We got an ETH, we got a confirmed ETH ETF approval, and we are 1% down from that moment. I mean, granted, we had a 25% increase.

And so like a lot of that that

We had it we had a 25% increase that we were celebrating.

Yeah, well, like but like last week that was on the speculation that we might get an Ethereum ETF, and that was Monday. We called that the God candle. That happened the Monday, like last Monday, basically. Not this Monday, but the the the previous Monday. And now after approval, we've been basically like flat. Did we even break 4K?

No, we did not break 4K.

We didn't break 4K.

We did not break 4K.

What is wrong with these charts? Can I

I don't know, dude.

crack

They're the wrong

it? Alright, well, you know what? We're not gonna dwell on that too much right now because I know we have uh an Ethereum ETF update a bit later in the episode, and we gotta talk about price. We gotta talk about when it's getting priced in, if it's gonna get priced in, what is going on here. But uh how about the ETH Bitcoin ratio? What's that looking like?