Ethereum & Crypto Industry - Ethereum celebrated its 10th anniversary, with community members sharing stories of its impact and a community-led marketing campaign replacing "ETH" in "something" with the ETH logo [1] - The Roman Storm case, involving a Tornado Cash developer, casts a shadow over the industry due to its implications for the cypherpunk movement and privacy applications [1] - The SEC's "Project Crypto" aims to modernize securities rules and regulations to enable America's financial markets to move on-chain, potentially attracting crypto asset distributions back to the US [4] - SEC Chairman Paul Atkins emphasized the importance of maximum choice in custody and trading of crypto assets, supporting the right to self-custody and potentially easing restrictions like Operation Chokepoint 20 [5] - The SEC is considering an innovation exemption to allow both registrants and non-registrants to quickly enter the market with new business models, potentially reducing red tape for crypto startups [7] Market Trends & Dynamics - Wall Street is increasingly interested in Ethereum and crypto, with the 10-year anniversary of Ethereum having a better halo around it in traditional finance [2] - The SEC's speech is uniquely bullish for Ethereum due to the increasing TradFi adoption of Ethereum-based solutions like Circle, Coinbase, and Robinhood [8] - Zora, a token launchpad on the Base chain, has seen new all-time highs in various metrics, positioning it as a competitor to Pump Fun [13] - ETHZilla, an ETH treasury company with $425 million starting capital, aims to generate yield through on-chain DeFi activities, potentially impacting DeFi yields [9] Regulatory & Legal Issues - The DOJ's initial claim of potentially charging Dragonfly for investing in Tornado Cash caused a firestorm, highlighting concerns about the chilling effect on investments in innovative technologies [15] - The jury in the Roman Storm case questioned the venue, potentially indicating consideration of dismissing charges based on improper venue [16] - The SEC approved in-kind creation and redemptions for crypto ETPs, a procedural change expected to tighten spreads and reduce slippage [11]

Investment Strategy & Financial Planning - Achieving a $10 million portfolio requires a significant shift in strategy beyond traditional methods [1] - With a $1 million portfolio, a 5% annual return, and $100,000 annual savings, reaching $10 million would take 28 years [1] - Traditional methods of saving and investing in income-producing assets may not be sufficient to reach $10 million [2] Entrepreneurship & Wealth Creation - Entrepreneurship, such as starting and selling a business for tens of millions or a startup for hundreds of millions or billions, is a common path to accumulating over $10 million [3] - Individuals must decide whether to pursue entrepreneurship to reach the $10 million target [3] - Alternatively, individuals can reassess their financial goals and potentially reduce their efforts [4]

Legal & Regulatory - Roman Storm's Tornado Cash verdict is being analyzed [1] - There is a movement to "Free Roman Storm" [1] Disclaimers - The content is not financial or tax advice [1] - Investment disclosures are available [1]

Sam, if uh Bitcoin is going to replace you something like gold, which is what, you know, like 15 to to 20 trillion, what's the big number that um Ether uh ETH asset is going to replace. I think it's 10 times bigger at least to 10 times bigger than the gold markets. It's the entire financial system.The entire financial system is kind of hard to put a number on, but it's certainly bigger than the gold markets. It's really almost infinite. And it's just now that Ethereum is coming out of the dark ages.And that ...

Ethereum Network & Regulation - Ethereum network has been institutionally managing and securing since proof of stake [1] - The Genius Act provides stable coin clarity, benefiting Ethereum as the majority of stable coins settle to it [1] - The industry is shifting from proof of concept to production with ZKevm on the way [1] Layer 2 (L2) Solutions - L2s are improving speed, privacy, and confidentiality [2] - Fast actors like Coinbase (with Base), Robin Hood, and Kraken are creating L2s that will settle to Ethereum layer 1 [2] - Bulge bracket banks are expected to have their own L2s settling to Ethereum [2] Institutional Adoption - The industry aims to educate Wall Street (top-down) and Main Street (bottom-up) about Ethereum [2]

I remember having a private meeting with Michael Sailor last year or a year and a half ago. You probably won't be too happy about me admitting this and what was the content of the conversation. We were in the boardroom together and he was telling me how Bitcoin mining was a business and that I should really think about just being a Bitcoin treasury business and I said, "Well, that's interesting. I kind of agree with you halfway, but I'm thinking about doing that but for Ethereum. " He gave me the dirtiest l ...

What is Ether. Ether is the commodity to the future of the internet. Ether has multiple use cases and multiple ways to be valued.Ether is the fuel for every computational step necessary to process a transaction on the future of the internet. Ether generates yield intrinsically through staking, restaking, and participation in the decentralized financial economy. And Ethereum has escape velocity where 90% of the highquality liquid assets on blockchains are settled to Ethereum.And each one of those requires a ...

Bankless Nation, it is the fourth week of July, the final week of July. It is time for the Bankless Weekly rollups. David, we got alltime high on the uh total crypto market cap. Do you know that? I just saw this while I was preparing the agenda. >> Yeah. Yeah. Yeah. 4.001% trillion. >> Yeah. Yeah. That's great. Like Yeah. For $4 trillion. It's incredible. Also, the genius bill was signed last Friday. The question is, what's next? I think this is a big big big deal. And what do you do if you're the White Hou ...

I remember having a private meeting with Michael Sailor last year, a year and a half ago, who probably won't be too happy about me admitting this and what was the content of the conversation. We were in the boardroom together and he was telling me how Bitcoin mining was a business and that and that I should really I should really uh think about just being a Bitcoin treasury business. And I said, "Well, that's interesting. I kind of agree with you halfway, but I'm thinking about doing that, but for Ethereum. ...

Proof of Humanity & World ID - The company believes its proof of humanity solution will work and integrate into World ID [1] - The company is not solely focused on orb technology, but sees it as the only way to achieve scale, inclusivity, and function in a world with increasingly powerful AI [1] Competition & Alternatives - The company anticipates competitors emerging with alternative hardware solutions like palm-based or face-based systems [2] - The company views government ID as the only other alternative, but considers it conceptually risky [2]