ROLLUP: SBF vs Caroline Ellison | Sam Altman on Joe Rogan | ETH Predictions
WRU 2nd Week of October
Up next
All episodesDEBRIEF - Bull Case For Stablecoins
EARLY ACCESS - Nic Carters' Bull Case For Stablecoins
Introducing Rainbow Wallet Browser Extension With Mike Demarais
What the ETH Futures Approvals Mean for Crypto with Eric Balchunas
DEBRIEF: Danny Ryan's Case Against Lido
191 - Danny Ryan's Case Against Lido
ROLLUP: SBF Trial Underway | ETH ETFs Are Here | Ripple Wins Again
Most Important Macro & Crypto Trends in 2023 & Beyond with David Duong
Inside the episode
TIMESTAMPS & RESOURCES
0:00 Intro
3:30 Markets
6:30 Inflation
https://www.cnbc.com/2023/10/12/cpi-september-2023.html
11:00 Why Americans Have Crypto
https://twitter.com/jp_koning/status/1711714224664186943
14:05 ETH Validator Queue
https://www.validatorqueue.com/
16:45 Friend.tech Surpassed Bitcoin
https://twitter.com/tokenterminal/status/1710024292992163889
17:45 Tron vs Bankless
https://www.bankless.com/tron-trx-bull-bear
22:00 ETH Predictions
https://www.theblock.co/post/255860/ethereum-eth-price-standard-chartered-bank
27:00 SBF Trial
https://compote.slate.com/images/c8708922-4b13-418c-a8be-af557e45079e.jpeg
28:20 Gary Wang
https://twitter.com/emilydparker/status/1711797258302243182?s=46
33:00 Caroline Ellison vs SBF
https://www.nytimes.com/2023/10/10/technology/caroline-ellison-sam-bankman-fried-trial.html
41:30 Thai Escorts (Not Taiwanese, David!)
44:05 SBF’s Ambitions
https://x.com/innercitypress/status/1711806222117027840?s=20
https://twitter.com/byzgeneral/status/1711864012567093287
47:45 Hamas Crypto Accounts
50:22 Critical Context
https://twitter.com/samlyman33/status/1712209368450511162?s=46
51:33 Getting Drafted
https://twitter.com/AmMuroch/status/1711980124021669941
52:30 Ray Dali on War
https://www.linkedin.com/pulse/another-step-toward-international-war-ray-dalio/
53:30 Farcaster Goes Permissionless
https://twitter.com/dwr/status/1711828728865849505
54:00 Five Shades of Lido
https://notes.ethereum.org/@mikeneuder/magnitude-and-direction
58:10 Sam Altman on Joe Rogan
https://ogjre.com/episode/2044-sam-altman
1:01:05 Trader Joe Getting Sued
https://twitter.com/Blockworks_/status/1711705702287200497?s=20
1:02:00 Uniswap zkEVM
https://x.com/okutrade/status/1709916468219981977?s=20
1:04:30 Questions from the Nation
https://bankless.cc/GetClaimables
1:08:10 When to Sell
https://twitter.com/cburniske/status/1711064578212475360?s=20
1:10:10 Cars vs Shoes
https://twitter.com/0xMidnight/status/1710409447187632611
1:10:50 What David’s Bullish On
https://www.bankless.com/vampire-season-diva
1:15:50 What Ryan’s Bullish On
1:21:00 MEME of the Week
https://twitter.com/Crypto_McKenna/status/1711851523657830561
Transcript
David, look at her surrounded by all these reporters. That's
Yeah.
crazy.
That's intense. That's
very intense. So uh Caroline Ellison is like the only person closer to Sam Bakeman Fried than Gary Wang. Like, not only was she in charge of Alamina, but like Sam Bakeman Fried and her were dating. Uh they were sleeping together in 2019, they were dating in 2021. Then they broke up, but they were still together. Uh yeah. And so, like, you know, very incestuous business dating, sleeping together relationship. Incestuous. Also in the Bahamas, like, well, the business relationship, everything's just a mess. They're not related though.
Let's just click
They're not related. Yes. There's many other things. Like a lot of convoluted things. They're not related.
Bakeless Nation, happy Friday morning. It is the second Friday of October. Or should I say flattober, David? It's looking pretty flat out there in the markets.
Down.
No? It's
the markets. You just put them in the prices in, but uh we'll we'll get to that. What else we got on the week? Topics of the week.
The SBF trial of FTX continues on to week two, Friday of last week, before we were able to cover it. Gary Wang, the CTO of FTX, testified. This week, Caroline Ellison testified for two days straight. There's a lot of juicy stuff to unpack there. Two days? Two days. Two days straight straight. 48 hours of testimony. Yeah. One day was like eight hours straight. Uh so she just kind of dumped it all about El Amida on the table. Uh, little did I know that uh Thai prostitutes would be involved with this story. Did you hear about this?
Uh no.
Oh yeah, well okay. Like oh you haven't heard about this at all. Oh you're about to get this fresh.
No, I haven't
Okay.
any of this.
Thai prostitutes have entered the FTX arena.
Entered the chat.
Enter the chat.
The the arena. It's funny you say that. They used to have an arena, didn't they? We also have Sam Altman. He is talking about crypto on Joe Rogan show. What did he say? Was it good? Was it bad? Did he mention WorldCoin at all? We'll get to that too. David, what else we got?
Why do Americans own crypto? The Fed, the Fed did a survey result. Uh so we'll talk about that. Also, the vampire attack on Lido. I got some takes, that's at the very, very end. Uh and then apparently, Ryan, we're giving our price predictions for ETH. Why are we doing this?
You didn't know that? I hope that is.
Did not know I just I did not sign up.
You better be thinking of a number, okay? Because we're getting to it. But before we get in, we've got a message from our friends and sponsors. David, all right, you ready for you said it wasn't Flattober. It's not. But it's not October, is it?
It's not
October.
Does that mean it's the other direction?
What's the other? Yeah, the other it's the bad direction. It's the down direction. Yeah. A little bit kind of accelerating to the downside a little bit. Started the week at 27,900, down four and a half percent. Uh we were asking for bigger moves last week. We kind of got them. Um 26,600 is where we are uh this week. 700, excuse me.
Okay. I guess it's better than flat. No. Is this what
We wanted
I don't know? I don't know if this is what I've wanted. Let's give me some ETH charts too so I can decide.
start of the week at 1630, down 5.5% to 1540. 1540. Ooh.
I d I didn't want that. No, I didn't. It didn't feel good.
I bought this week.
Did you?
Yeah.
Yeah.
That's the upside, actually.
Yeah.
It's like what a fantastic buying opportunity. I've got a take about that at the end. And uh of course we're gonna get into uh price predictions, but I guess it's not op October, huh? We got we got we got um we got half the month yet to redeem ourselves.
Right.
Yeah. It's only the 12th. Right. It's only the 12th.
Yeah. Well it was to
Tomorrow's Friday the 13th. Congrats to all the bankless listeners who are listening to this on Friday the 13th.
Everyone brace yourselves.
Should we do something spooky, David? Uh eat the coin.
Halloween's coming up. We're gonna have to get our costumes.
I haven't even thought about that.
I'm not doing a are you doing a costume this year for Bangladesh?
The listeners love it. We gotta do it.
Do they?
We gotta do it.
I think you and I like it.
Last year, last year for bankless listeners who are new, who the the five new bankless listeners that have come in the last year, uh Ryan dressed up as BitBoy.
Oh yeah, that's it. And I dressed up as a crypto dick butt. Yeah.
Oh dude, I'll be SBF and you'd be Caroline.
Oh my god, that's not what I have signed up for. I already kind of have my my well, I haven't got my costume, but I've got my idea.
Really?
Yeah, I've got my idea.