Decentral Lens: BTC Dip |
Decentral Lens Decentral Lens
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 Published On Streamed live on May 1, 2024

This week's show starts off with a review of the major macro and market news of the past week including the recent Bitcoin price dip. Many factors for the price dip are explored including the Hong Kong ETF launch and the Fed, leading to the notion that this could be a strong point to execute on any high conviction plays is discussed.

The pair touch on the news of CZ's four month sentence and quickly move on to discuss crypto policy news in the U.S. highlighted by Elizabeth Warren's recent letter expressing concerns about crypto being used by rouge nations to avoid sanctions. The need for action on behalf of people in the space to reach out to their legislators and support for Stand With Crypto is expressed to counter incorrect narratives of those looking to stall the development of the space.

Next the hosts discuss recent news tied to Eigen Layer's white paper and airdrop rollout plans. The news that users have queued to withdraw about 72 million USD in response to the release leads to a discussion about the media brand Bankless and their support of this project. Questions about re-staking overall are brought up and questions are raised as to the distribution of the airdrop for stakers vs insiders. This leads to thoughts around the notion that it is difficult for some of these crypto media influencers to maintain their credibility in the face of opportunities presented as a result of past success.

Next up, the latest in the Runes ecosystem is explored starting with the idea that an us vs them spirit within Runes is not helpful for the overall development of the protocol with full acknowledgment that it is way to early to really tell who or what projects are going to experience the most success. Current Runes market caps, holder count and volume are reviewed as are the buzziest Runes of the moment including Dope Grandma.

Yuga Labs move to remove Moonbirds COO status is the brought up and a dive into the merits of COO vs IP rights and the current state of projects from the ETH NFT heyday are explored from Mfers to Bored Apes which leads to a review of the recent Azuki episode 1. The show wraps up with Disco unveiling his most recent Ordinal purchase of a Natcat.

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