ROLLUP: Bitcoin’s Fork Died in 2 Blocks | Saylor Sells Again | Robinhood Chain | Fidelity Staking

**David** (0:04)
Ryan, when's the last time you thought about Bitcoin ordinals?

**Ryan** (0:07)
Oh my god, it's probably been a good 12 to 18 months.

**David** (0:11)
Well, you know how the Bitcoin community just, they started to have a sort of like actual civil war about it. And, you know, when you say Bitcoin civil war, it's dokes, fears, memories of the block size wars, where Bitcoin actually split into Bitcoin cash and Bitcoin.

**Ryan** (0:29)
That actually happened. We had a fork of Bitcoin yourself?

**David** (0:33)
Bitcoin had a fork.
Like a very few instances in Bitcoin's past has actually had a fork. This is probably the most impotent one, I think, of all of Bitcoin's forks, but it's still notable nonetheless.

**Ryan** (0:49)
A January 6 insurrection, like not a real insurrection.

**David** (0:54)
Yes, yes, even less than that, though, I would say.

**Ryan** (0:58)
Well, I want you to tell me about it.

**David** (1:00)
Yeah, we're going to talk about the fork in Bitcoin land and why Nick Carter is calling this the death of Bitcoin maximalism. What else we got in the news?

**Ryan** (1:09)
Also, Saylor, he sold some more Bitcoin.

**David** (1:12)
Dude, that's like three weeks in a row.

**Ryan** (1:13)
I know, he keeps selling. Also, Robinhood Chain, it's the number one Ethereum L2 by revenue.
So, took the crown in the first month. We'll talk about that. 38% of all L2 revenue. And David, I want you to fill me in on this. Fidelity is filing to stake up to 100% of its ETH ETF, and it wants to pay holders a dividend. Also, I'd love for you to give me an update on what's happening with the EIP we talked about last night with the ETH issuance cap and whether that's tied into this story too.

**David** (1:49)
Yeah, hopefully the answer to that question is no, it's not tied into the story, but we'll cover it when you get there. First, before we get into the markets, we've got some hot, mockery markets to talk about. We're going to talk to some of our friends and sponsors over at Neer and neer.com. neer.com is kind of like where Neer is dog fooding a lot of their products. It's like a first-party product that uses a lot of the Neer infrastructure.
Just launched on neer.com is confidential yield with some vault technology powered by Neer Intent, so you can confidentially deposit into a vault and get yield confidentially through neer.com. You can do it elsewhere in Neer because it's all powered by Neer Intent. It's kind of like weaving together everything cross-chain. But they're integrating confidential intents plus vaults brought by Taylor Finance, so you can get yield confidentially. I'm saying the word confidentially a lot because I'm trying to, like, what's the word? Manifest privacy in the rest of the crypto ecosystem. Like, in the world of meme coins and Saylor posting AI hype videos, like, I'm trying to manifest some substance here and comes in the form of privacy. And so pretty cool that neer.com has this built for anyone. I don't know if you ever used neer.com, Ryan, but it's actually like they're integrating all their first party features one by one by one. It's becoming one of the more powerful wallet front ends because they keep on integrating all the features of crypto via Neer Intents, but confidentially it's kind of cool.

**Ryan** (3:17)
Yeah, I keep saying this, one of the shippiest teams in crypto and they keep shipping. David, let's start markets off with the CPI numbers. So consumer price index just came in at 3.4%.
People were wondering whether we would be hot on inflation.
It wasn't hot. It was about at analyst expectations. So just up 0.1% versus last month, June. This must be because oil prices are down a little bit, did not factor into that, but CPI pretty much flat and right along expectations. I think the S&P, the NASDAQ were up slightly on that news and certainly not down. But let's take a look at maybe the prices around the markets. What about Bitcoin? What's the reaction on the week to Bitcoin?

**David** (4:07)
The notable thing about Bitcoin, it's been pretty flat and it's continued to be flat. The notable thing about Bitcoin is that it fell below the 200-week moving average, and we were just marginally above the 200-week moving average. We were hovering around like 64,000 to 65,000, and we fell about two and a half percent on the week down to 63,300.
The 200-week moving average, Ryan, is at $64,000, and so we are right below it. Even though it's like kind of the same price it's always been at.