Bankless Weekly Rollup 3rd Week of May 2023  ------ 🚀 AIRDROP ALPHA 🚀 https://bankless.cc/Alpha  ------ 🚀 Consensys Diligence Fuzzing https://bankless.cc/diligence-fuzzing-pod  ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask   👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku   🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable   🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ Topics Covered 0:00 Intro 2:55 MARKETS 5:00 ETH Staking Update https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators  Monitor: https://validator-queue-monitoring.vercel.app/  7:00 Macro Market Trends https://www.cnbc.com/2023/05/15/paul-tudor-jones-says-the-fed-is-done-raising-rates-stocks-to-finish-the-year-higher-from-here.html  11:20 Liquidity Drying Up https://twitter.com/ramahluwalia/status/1657924211770380290   https://www.youtube.com/watch?v=qbr8965IYfo&t=3830s  13:30 The Bore Market https://twitter.com/sassal0x/status/1656857007385894912  14:50 The Promise of Crypto https://twitter.com/RyanSAdams/status/1659177889428914177  16:30 Layer Two Activity https://l2beat.com/scaling/tvl  21:30 What Happened to Ethereum? https://twitter.com/0x_Osprey/status/1659019122548830209  24:40 Client Diversity https://clientdiversity.org/#why  27:15 Not a Monolith https://twitter.com/TrustlessState/status/1657316158729494528  29:30 Block Reorgs https://www.youtube.com/watch?v=QkMjcqVEARc  33:15 Is Ledger Safe? https://www.ledger.com/recover  36:30 Ledger Comms https://twitter.com/Ledger_Support/status/1658892462440456192  40:10 Canceling Ledger https://twitter.com/oklahodl1/status/1658580508320620546  https://twitter.com/0xfoobar/status/1658460603831263232  https://twitter.com/Mudit__Gupta/status/1658368265687556097  https://twitter.com/hosseeb/status/1658740433361702913  43:25 Did They Do Anything Wrong? https://twitter.com/0xfoobar/status/1658965272416452609  49:00 Redundancy https://twitter.com/TrustlessState/status/1658788949165322242  51:00 Coinbase vs the SEC https://twitter.com/MetaLawMan/status/1656737447756038177  53:30 Gary Speaks https://twitter.com/ROCKilroy/status/1658206561125146630?s=20  55:00 Summary https://twitter.com/milesjennings/status/1658515975170555904  58:00 Nike Dot Swoosh https://www.swoosh.nike/location  1:01:10 Optimism Bedrock https://twitter.com/optimismFND/status/1658202279147601921  Polynya: https://twitter.com/apolynya/status/1658312190577836032  1:04:05 Worldcoin OP https://worldcoin.org/blog/announcements/worldcoin-commits-optimism-superchain-vision-ahead-mainnet-launch  1:04:55 Lido v2 https://twitter.com/LidoFinance/status/1658195242149879824  1:05:20 PayPal MetaMask  https://metamask.io/news/latest/metamask-and-paypal-all-you-need-to-know-about-buying-eth/  1:06:30 On-Chain Cease & Desist https://twitter.com/zachxbt/status/1659078481228058624  1:08:00 DRC-20s on Dogecoin https://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#3m Doge Maxis: https://twitter.com/938433911/status/1657961759322562560  1:09:45 EU MiCA Just Passed https://www.consilium.europa.eu/en/press/press-releases/2023/05/16/digital-finance-council-adopts-new-rules-on-markets-in-crypto-assets-mica/  1:11:00 Do Kwon Bail https://www.theblock.co/post/230575/do-kwon-bail  1:12:15 Sam Altman Congress https://twitter.com/BanklessHQ/status/1658498249727307776  1:19:00 Questions from the Nation 1:25:00 David’s Shirt https://twitter.com/TrustlessState/status/1659182411467350016  1:26:40 Abandoning Wallets https://twitter.com/0xDesigner/status/1658851890803744768  1:28:00 What David’s Bullish On https://imgur.com/vlEaQMG  1:29:25 Permissionless Spaces 1:30:15 What Ryan’s Bullish On https://twitter.com/RyanSAdams/status/1658660759352614914  https://twitter.com/MetaVsGaming/status/1658687862269771777  1:36:40 MEME of the Week https://twitter.com/MinisterOfNFTs/status/1657793552808656900  https://twitter.com/balajis/status/1657879440146444288  1:37:15 Moment of Zen https://twitter.com/linusekenstam/status/1657083568231702528  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Ledger has been the center of attention since the announcement of their new “Recover” feature which has brought into question how secure our Ledger devices actually are.  Charles joins us to walk through how exactly this recover feature functions, breaking down how a Ledger actually functions, and possible paths moving forward. ------ 📣 CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod  ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ Topics Covered 0:00 Intro 6:21 Ledger's Recover Service Overview 18:40 Is Ledger Recover Forced or Opt-In? 23:07 Dissecting a Ledger Device 29:41 Can Firmware Reveal Private Keys? 36:54 A Social Contract With Ledger 42:31 Assurance Of No Back Door 51:16 2-Part Firmware Solution? 57:42 Will Ledger Forget About Us? 1:02:46 Closing and Disclaimers ——— Resources: Charles  https://twitter.com/P3b7_  Ledger https://twitter.com/ledger  ---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures