Polymarket Predictions, Pump.fun Memecoins, Celsius, SEC Updates, and OpenAI Whistleblowers
Hosts Kyle Lawrence and Moish Peltz kick off this episode with a look at Polymarket, a prediction market that’s making waves by forecasting political events and other topics. They also discuss Pump.fun and memecoins, where the number of memecoins has intriguingly soared from under 2000 to over a million in just six months.
Listeners will learn about the CFTC Chairman’s comments on crypto assets as well as recent developments with the SEC, including the dropping of investigations into BUSD and the Hiro Stacks blockchain. Moish and Kyle also cover Celsius targeting users who withdrew funds before its bankruptcy filing, raising questions about fairness and legal ramifications.
Today’s episode rounds off with the SEC examining OpenAI whistleblower complaints, the Republican party adopting crypto in their 2024 election platform, the upcoming Ether ETF’s release, 3AC, and the UK DAO report.
Chapter Markers:
0:00 Welcome to Block & Order
1:48 Polymarket
5:37 Pump.fun
9:38 SEC
13:17 Celsius
18:19 CFTC
21:48 OpenAI
25:56 Lightning Round (3AC, Chainalysis, GOP, Ether ETFs, UK on DAOs)
Show Notes:
Growing Influence of Blockchain-Based Prediction Markets Forecasting 2024 U.S. Presidential Election:
https://www.wsj.com/tech/polymarket-biden-odds-election-prediction-markets-kalshi-3491997c?st=qqosplarxeg3pk6&reflink=desktopwebshare_permalink
Pump.fun, Crypto’s ‘4chan,’ Emerges as Go-To Memecoin platform:
https://www.bloomberg.com/news/articles/2024-07-12/pump-fun-crypto-s-4chan-attracts-iggy-azalea-and-one-million-memecoins
SEC Drops Investigation Into BUSD and Probe into Hiro’s Stacks Blockchain:
https://coingape.com/breaking-paxos-wins-as-sec-ends-busd-stablecoin-investigation/
Celsius Recovers $100 Million From 1500 Users Who Withdrew Funds Before Bankruptcy:
https://thedefiant.io/news/cefi/celsius-aims-to-recover-usd100-million-from-users-who-withdrew-funds-before-bankruptcy
CFTC Chair says at least 70% of Crypto Assets are not Securities:
https://thedefiant.io/news/regulation/cftc-chair-asserts-at-least-70-of-crypto-assets-are-not-securities
OpenAI whistleblowers file complaint with the SEC to investigate non-disclosure agreements:
https://www.washingtonpost.com/technology/2024/07/13/openai-safety-risks-whistleblower-sec/
Lightning:
Three Arrows Capital (3AC) wallet buys NFT due to bid placed three years ago:
https://thedefiant.io/news/nfts-and-web3/bankrupt-3ac-capital-buys-nft-thanks-to-3-year-bid-authorities-overlooked
Chainalysis Publishes Money Laundering Report:
https://www.chainalysis.com/blog/money-laundering-cryptocurrency/
Republican Party Embraces Crypto:
https://www.coindesk.com/policy/2024/07/08/trumps-official-republican-platform-pledges-to-halt-crypto-crackdown/
https://policy.paradigm.xyz/writing/GOP-Polling
Spot Ether ETFs likely to begin trading on July 23:
https://www.reuters.com/technology/spot-ether-etfs-likely-begin-trading-july-23-industry-sources-say-2024-07-15/
UK on DAOs:
https://www.coindesk.com/policy/2024/07/11/dao-specific-legislation-isnt-needed-yet-english-legal-body-says/
https://lawcom.gov.uk/project/decentralised-autonomous-organisations-daos/
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Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.