wBTC Concerns, EigenLayer Ethics, and Kamala's New Advisors | Roundup

Bullish:

• $CB BTC - Discussing the potential of Coinbase's Bitcoin product and its competitive advantages.

  • “My predictions, a, 0 fees on mint redeem, b, 0 fees to withdraw to base. Super smart, by the way. And, c, it'll pass WBTC and supply within 6 months of launching.”

    Jason·0:00

  • “I agree with that take. Yeah. I mean, the distribution of Coinbase is massive.”

    Santiago·0:00

  • “This is the start of every single exchange doing this. Everyone's basically just said, like, you know what? BitGo kinda has this wBTC. We don't wanna do anything. It's the start of every single exchange doing it. Kraken will do it. OKEx will do it. Binance will do it. Coinbase will do it.”

    Jason·0:00

  • “Would would you wrap your Bitcoin and put it on chain? Depends on I don't know. Like, I I don't Yeah. Here's what it depends on for me.”

    Jason·0:00

  • “Coinbase so some of the exchanges have done a really good job with proof of exchanges. Like, actually, OKX, I think, has done a great job with proof of, proof of reserves.”

    Jason·0:00

Bearish:

• $WBTC - Discussing the potential issues and conflicts of interest with Wrapped Bitcoin.

  • “I think this is a very serious situation. I don't think and I think there's more teams who have done this who are now really wrapping things under wraps probably right now.”

    Jason·0:00

  • “I think it's not the right setup. There are there is a better way to do this.”

    Santiago·0:00

  • “I think the the the biggest point that I think Rishi made in there was it might work. It's just the is it a venture scale type of outcome?”

    Santiago·0:00

  • “I think it's disgusting. It presents a clear conflict of interest.”

    Santiago·0:00