The Fed just cut rates by 50 basis points for the first time since the pandemic, how is the market reacting, should we be excited?  Trump revealed new details about World Liberty Financial. We’ll break down why they’re building it, who’s involved, and what’s going on with the token.  We also have a Tale of Two Chains: Bitcoiners watching Trump buy a burger with Bitcoin in NYC, while Ethereans premiere an Ethereum documentary down the street.  ------ 📈 INDEX COOP | LEVERAGE TOKENS  https://bankless.cc/IndexCoop  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance  🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku   ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/66?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ TIMESTAMPS & RESOURCES 00:00 Start 02:36 Markets https://x.com/ledgerstatus/status/1835473538028814667  06:09 RSA Finally Cracks https://x.com/RyanSAdams/status/1836779556998459436  10:55 Total MKT Cap https://www.coingecko.com/en/global-charts  11:09 L2 Update https://www.growthepie.xyz/fundamentals/transaction-count  13:36 Fed Rate Cuts https://x.com/SpecialSitsNews/status/1835699786785136703  https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html  18:57 Cut Reactions https://x.com/TimDuy/status/1836154346045870391  https://x.com/coinbase/status/1836470341063053572  https://x.com/RyanSAdams/status/1836795960321585388  https://www.coindesk.com/business/2024/09/18/arthur-hayes-if-they-go-50-that-will-be-a-nuclear-catastrophe-for-financial-markets/  https://x.com/intocryptoverse/status/1836471892674302430?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://x.com/Jamie1Coutts/status/1836192104722370930  https://www.tradingview.com/chart/1RYLG2gC/?symbol=NASDAQ%3AQQQ  https://youtu.be/b6O-lHr-D0s?si=7uiJPAxPibmCTLsz  27:03 Trump's Liberty Financial https://x.com/EricTrump/status/1834322630721122521  https://x.com/worldlibertyfi/status/1835748701534404945  https://x.com/alexandergrieve/status/1836006655223275904  32:06 Takes On The Project https://x.com/iamDCinvestor/status/1836006290125987860  https://x.com/worldlibertyfi/status/1835300402163503260?s=46&t=dmRhP54bJmHi0Ppb8BT30Q  34:42 Trump Pays With Bitcoin https://x.com/WatcherGuru/status/1836510214482284545  https://x.com/crypto_condom/status/1836512092503077146  36:39 Vitalik Film Premiere https://ethereumfilm.xyz/streaming  https://x.com/EthereumFilm/status/1828192695095042429  https://x.com/TrustlessState/status/1836737714223210638  https://x.com/dimabuterin/status/1836701356565922006  https://x.com/ViktorBunin/status/1836556640734085478  https://x.com/jessepollak/status/1836607456497275028  https://x.com/jessepollak/status/1836607456497275028  https://x.com/EthereumFilm/status/1835973354995499061  41:36 SEC Sues Rari? https://www.sec.gov/newsroom/press-releases/2024-138  https://x.com/dcfgod/status/1836488126744924299  43:03 The Flyfish Case https://www.sec.gov/files/litigation/admin/2024/33-11305.pdf  https://x.com/HesterPeirce/status/1835757603860681141  https://x.com/FinancialCmte/status/1836124400695021654  https://x.com/RepFrenchHill/status/1836420981310542092?t=KbWMCpEacfkVWgSADJSgQg&s=19  50:41 Token 2049 https://x.com/justinsuntron/status/1836330985706918253  https://unchainedcrypto.com/buterin-at-token2049-were-not-early-to-crypto-but-were-early-to-crypto-being-usable/  53:36 New Zora App https://x.com/RyanSAdams/status/1836399083482742814  56:19 New Fastest Rollup https://x.com/atlasxyz/status/1833880969251524973  57:39 Permissionless Party https://lu.ma/yj5pdeqe Bankless listeners - 10% off tickets with BANKLESS10  Bankless citizens - 30% off tickets with link: https://bankless.cc/PermissionlessDiscount  59:26 Moment Of Zen https://www.youtube.com/watch?v=71DtEk1cFdg  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Steven Goldfeder is back on the podcast today to discuss Arbitrum’s and all Ethereum L2 FUD.  Is a win for Arbitrum also a win for Ethereum, or is Arbitrum competing for users and liquidity? Steven addresses governance concerns and discusses the decentralization of Arbitrum’s Sequencer. In the second half of the show, we get into the latest developments in the Arbitrum ecosystem, including Stylus, Bold, Orbit, and Timeboost. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap  ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku   ------  ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/64?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ TIMESTAMPS 0:00 Intro 4:01 L1 vs. L2 Relationship 10:45 Use Cases of the L1 vs. L2s  18:56 Fastest Blockchain 20:05 Decentralization Priority  25:15 Sequencer Debate 33:06 Arbitrum x Espresso  38:02 Optimistic Rollups Capturing Ethereum Governance?  41:58 What Does Arbitrum Want From the L1  45:21 Increasing Block Times? 49:17 Arbitrum Ecosystem  52:21 How Does Stylus Work? 57:22 Web2 Devs Now Web3 Devs   1:03:02 Arbitrum’s Next 10x 1:08:17 Closing & Disclaimers  ------ RESOURCES Steven Goldfeder https://x.com/sgoldfed   ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures  ⁠