Decentral Lens: Biden Veto | Wisconsin Pension Bitcoin | CryptoPunks Under 30E | TXSE vs. NYSE

Decentral Lens

This week's full-length Decentral Lens episode kicks off with Blutoshi and Disco reflecting on last week's trip to Austin around the Consensus convention. They note the undeniable signs pointing to the inevitable widespread adoption of crypto and its apparent integration into the corporate environment. The pair then share their exciting experience at the premiere of the new film "Shark, Pickle, Cone," which highlights the journey from a proposal to NounsDAO to the execution of a Nouns-themed float at the 2023 Rose Bowl Parade.

Next, they delve into President Biden's recent veto of the bill to overturn SAB121, which changes how banks manage crypto by turning liabilities into assets. This veto, despite bipartisan support for the bill, has upset the crypto community and raises questions about its potential influence on the upcoming election.

The duo then highlight Wisconsin's significant $163 million pension fund investment in a Bitcoin ETF, noting that this move could inspire other states to explore BTC ETFs. They review the rest of Wisconsin's portfolio allocation, noting substantial positions in major tech stocks. This leads to a discussion on Thailand's recent approval of Bitcoin ETFs and the launch of a new Australian BTC ETF, further demonstrating global acceptance and evolution.

They then discuss recent activity and profits for Layer 2s, highlighting that Base appears to be ahead of its competitors in the Ethereum L2 space based on recently released monthly profit figures. The conversation shifts to the massive creation of new tokens on Solana, with over 455,000 tokens created in May alone.

The recent surge in the Runes market activity and market cap is analyzed, including DOG's potential push to a $1 billion market cap and how a Runes resurgence could lead to positive impact on Ordinals. They also discuss the sale of a CryptoPunk for under 30 ETH, sparking a conversation about which projects will endure over time and how perspectives vary based on when individuals enter the crypto space. Blutoshi calls for Yuga to make CryptoPunks COO to reach new heights.

The episode concludes with news that BlackRock and Citadel are backing a new Texas-based stock exchange called TXSE to compete with the longstanding New York Stock Exchange, discussing the potential implications of such competition.

The Decentralized Era is just beginning. Come join us on the Socials:

X | @DecentralLens | @Blutoshi | @DiscoHODL
YouTube: @DecentralLens
Web: https://decentralpod.com/

Chapters

1. Introduction (00:00:00)

2. Austin Consensus & Nouns Premier Reflections (00:07:24)

3. Biden veto of SAB121 (00:21:44)

4. Wisconsin Bitcoin Pension Fund (00:33:31)

5. Engagement and Evolution of Bitcoin (00:41:10)

6. Global Adoption of Bitcoin ETFs (00:43:09)

7. Layer 2 Tokens and Meme Coins (00:47:08)

8. China Digital Yuan (01:00:08)

9. Runes Market Update - $Dog (01:07:22)

10. CryptoPunk sale under 30E (01:14:35)

11. Texas Stock Exchange (01:38:01)