Bankless

Etherealize is back with a bold new thesis: ETH is digital oil. In this episode, Vivek and Danny Ryan unpack their freshly released report, The Bull Case for ETH, which positions ether as the next great store of value—and a future global reserve asset for the digital economy. We explore ETH’s misunderstood monetary design, its strategic role for institutions, and why Wall Street is waking up to Ethereum not just as a network, but as an investable asset. This is the case for ETH as the asymmetric opportunity of this generation. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 0:52 The Bull Case for ETH 3:18 Why ETH? 6:35 Pitching to Wall Street 10:59 ETH is Digital Oil 21:29 ETH’s Monetary Policy 37:37 Why Hold ETH? 43:42 ETH/BTC Ratio 47:20 ETH is a Store of Value 53:55 Ethereum’s Scaling Path 1:03:08 Ethereum’s Renaissance 1:07:06 Ethereum Competitors 1:10:14 The Report 1:12:29 Vivek in Congress 1:13:33 Closing & Disclaimers ------ RESOURCES The Bull Case for ETH Report http://ethdigitaloil.com/ VIvek Raman https://x.com/VivekVentures Danny Ryan https://x.com/dannyryan Etherealize https://x.com/Etherealize_io ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Crypto markets are buzzing and institutional appetite is peaking. With Circle’s IPO wildly oversubscribed and a new wave of companies racing to go public, we unpack what this means for the industry. Jon and Bread join us to break down the hype around crypto IPOs, why TradFi wants stablecoin exposure, and what it signals for projects like Solana, Ethereum, and Hyperliquid. We also debate value accrual, ETH vs BTC narratives, and whether apps or platforms will dominate the next phase of crypto. This is the IPO Era of crypto—let's dissect the winners and the delusions. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS & RESOURCES 0:00 Intro 0:32 Vibe Check https://x.com/intern/status/1932238240880222270 https://x.com/blknoiz06/status/1932072994731647435 10:13 Crypto’s IPO Era https://www.tradingview.com/chart/?symbol=NYSE%3ACRCL https://x.com/HadickM/status/1931323504525279522 18:11 Ethereum Valuation Debate https://x.com/DeeZe/status/1932475461348835800 29:29 Hype vs SOL vs PUMP https://www.tradingview.com/chart/?symbol=KUCOIN%3AHYPEUSDT 40:44 Hyperliquid vs Centralized Exchanges https://dune.com/uwusanauwu/perps 50:35 PumpFun’s Token Sale 58:16 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Jon Charbonneau and Ryan Berckmans join Bankless to debate Ethereum’s future: is ETH undervalued, or has the market already spoken? We unpack whether Ethereum can rival Bitcoin as a store of value, if L2s will drive real value back to ETH, and whether Solana’s momentum signals deeper trouble for Ethereum. Jon argues ETH has lost its lead and may never reclaim it. Ryan contends Ethereum’s neutrality and institutional traction make it the inevitable hub for the onchain economy. This is the definitive conversation on where ETH stands—and where it’s heading. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 0:32 Is ETH special? 32:55 How ETH should be valued 51:42 ETH over or undervalued? 1:09:59 Being wrong on ETH 1:13:00 Closing & Disclaimers ------ RESOURCES Ryan Berckmans https://x.com/ryanberckmans Jon Charbonneau https://x.com/jon_charb ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Joe Lubin returns to Bankless to break down his latest bold move—launching SBET, a publicly traded vehicle designed to accumulate and deploy Ether as a strategic treasury asset. We unpack whether Lubin is stepping into the Michael Saylor role for Ethereum, how SBET might outperform Bitcoin-backed models, and why ETH is poised for a monetary renaissance. From regulatory wins to Ethereum’s evolving narrative on Wall Street, this episode explores how ETH can become a multi-trillion-dollar asset and a dominant store of value in the next economic supercycle. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 0:38 Getting Sued by The SEC 7:55 $SBET 16:32 The Michael Saylor of ETH 23:25 $SBET (ETH) vs $MSTR (BTC) 27:16 Valuing ETH 28:30 Wall Street Narratives 30:52 ETH’s Performance 36:53 ETH as Collateral 40:07 Onboarding Others 46:52 ETH as SoV 49:18 What ETH Needs 50:52 Joining Forces 53:08 ETH’s Sentiment Shift 56:53 Genius Act 58:44 Closing & Disclaimers ------ RESOURCES Joe Lubin https://x.com/ethereumJoseph SharpLink Gaming ($SBET) https://www.sharplink.com/ Consensys https://consensys.io/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

This week, Ryan and David unpack Circle’s explosive $20B IPO—crypto’s second biggest—and what it signals about Wall Street’s newfound love for stablecoins. They break down the confusing Trump wallet drama, where even Trump’s own sons deny involvement, and explore why Pump.fun’s rumored $4B token raise has the industry split. Ethereum enters “wartime mode” as the Foundation lays off staff and spins up a lean new R&D force called Protocol. Plus, Ray Dalio says “a bit of Bitcoin,” Trump’s Big Beautiful Bill adds $2.4T to the deficit, and SBF is headed to Netflix. ------ 📣BANKLESS & FRAX MEETUP | PERMISSIONLESS 2O25 https://lu.ma/uf9mmcoa ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS & RESOURCES 0:00 Intro 0:41 Circle IPO https://x.com/circle/status/1930624298760143333 https://www.theblock.co/post/356602/circle-seeks-7-2-billion-valuation-in-upsized-ipo https://x.com/ruiixyz/status/1930386144216396176 https://x.com/EconomyApp/status/1930657679418241238 https://x.com/jerallaire/status/1930595978215637360 https://x.com/EffortCapital/status/1930621939279679542 9:34 Markets 12:23 Trump BBB https://x.com/alifarhat79/status/1930265604105150647 https://x.com/alifarhat79/status/1930256218108383338 https://x.com/elonmusk/status/1930452348234805665 https://x.com/WatcherGuru/status/1930659468536144062 https://www.congress.gov/bill/119th-congress/house-bill/1/text https://x.com/elonmusk/status/1929954109689606359 https://x.com/RyanSAdams/status/1929993372586152364 23:53 Pump.fun is getting ready for a token https://blockworks.co/news/pumpdotfun-token-sale https://x.com/nextfckingthing/status/1929871539018576257 https://dune.com/tiagocryptonary/pump-fun-analytics https://x.com/lmrankhan/status/1928163796691845133 https://x.com/VannaCharmer/status/1930318687333986639 32:00 Ethereum Foundation announced another big change! https://x.com/TimBeiko/status/1929620145984753843 https://x.com/econoar/status/1930361688047661495 https://blog.ethereum.org/2025/06/04/ef-treasury-policy https://x.com/centauridoteth/status/1929896351447372191 https://x.com/ViktorBunin/status/1929945974316662804 44:43 Strategy found a new way how to raise more money for Bitcoin https://x.com/saylor/status/1929635975367475403 https://x.com/DylanLeClair_/status/1929661889963086170 49:01 Trump team launched a crypto wallet - or did they? https://x.com/BitcoinMagazine/status/1929943367892283828 https://x.com/EricTrump/status/1929966635445576103 https://x.com/0xLeoInRio/status/1929955682037731340 https://x.com/molly0xFFF/status/1930351820288741708 https://x.com/Ronxyz00/status/1929884476328276036 https://x.com/EricBalchunas/status/1930015280094429381 57:50 SBF is heading to Netflix! https://x.com/netflix/status/1928153876475097117 1:00:26 Bankless is looking for talent! https://x.com/i/jobs/1929890683927638133 https://x.com/i/jobs/1929889475783520481 1:01:38 Closing & Disclaimer 1:02:01 Moment of Zen https://x.com/l3olanza/status/1930320045139173881 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Two visions for the future of AI clash in this debate between Daniel Kokotajlo and Arvind Narayanan. Is AI a revolutionary new species destined for runaway superintelligence, or just another step in humanity’s technological evolution—like electricity or the internet? Daniel, a former OpenAI researcher and author of AI 2027, argues for a fast-approaching intelligence explosion. Arvind, a Princeton professor and co-author of AI Snake Oil, contends that AI is powerful but ultimately controllable and slow to reshape society. Moderated by Ryan and David, this conversation dives into the crux of capability vs. power, economic transformation, and the future of democratic agency in an AI-driven world. ------ 💫 LIMITLESS | SUBSCRIBE & FOLLOW https://limitless.bankless.com/ https://x.com/LimitlessFT ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 4:44 Is AI Normal Tech? 30:20 Capability & Power 44:52 Manageable or Existential? 52:36 AGI Milestone 1:00:31 AI by 2030 1:12:07 Making Sense 1:16:08 Closing & Disclaimers ------ RESOURCES Daniel Kokotajlo https://x.com/dkokotajlo Arvind Narayanan https://x.com/random_walker Two Paths For AI - Daniel https://www.newyorker.com/culture/open-questions/two-paths-for-ai AI as Normal Technology - Arvind https://knightcolumbia.org/content/ai-as-normal-technology AI 2027 - Daniel https://ai-2027.com/ AI Snake Oil - Arvind https://www.aisnakeoil.com/ https://www.amazon.com/Snake-Oil-Artificial-Intelligence-Difference/dp/069124913X Pause AI https://pauseai.info/pdoom ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Austin Adams, founder of Whetstone and creator of Doppler, joins to discuss the next evolution in token launches. We explore why the world needs more tokens—not fewer—and how Doppler enables creators, apps, and DAOs to build highly customized launchpads using modular tooling. We cover token market design, dynamic bonding curves to prevent sniping, and how this infrastructure could unlock more meaningful, value-connected tokens—from meme coins with DAOs to public market IPOs on-chain. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 4:08 Excess Tokens And Pushbacks 10:02 Doppler Explained 17:05 The Solution 25:37 Conserving Liquidity 32:58 Maximizing IPOs Using Doppler 42:32 Token to Real Value 50:31 Closing & Disclaimers ------ RESOURCES Austin Adams https://x.com/AustinAdams10 Whetstone Research https://x.com/whetstonedotcc Doppler https://www.doppler.lol/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Mike Novogratz returns to Bankless to unpack Bitcoin’s surge to new all-time highs and what it means in a world grappling with fiscal uncertainty. We dive into the unfolding bond market crisis, why the Genius Act marks a new chapter for stablecoins, the tokenization of traditional finance, and how Galaxy is uniquely positioned at the crossroads of crypto and AI. This is a front-row seat to the changing macro tides and crypto’s place in the new financial order. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 0:18 Bitcoin Hitting All-Time High 1:57 Trump’s Tariffs' Effect on Bitcoin 5:56 Liz Truss Moment 2.0? 7:33 US Liz Truss’s Effect 8:49 Bitcoin, Gold, and the US Dollar 12:11 BTC as a New World Asset 15:29 Treasuries in Decline 18:05 Galaxy Going Public 21:26 The Genius Act 24:32 Anti-Crypto Army Gone? 27:03 US Consumer Crypto Market 31:22 Tokenizing Galaxy Assets on ETH 34:08 A Roadmap From SEC in the Future? 36:53 Year of Crypto IPOs? 38:30 TradFi Fades, Crypto Rises 39:46 The Terra Luna Case 44:05 Future of Galaxy and Crypto 50:48 Building and Scaling Data Centers 55:18 Closing & Disclaimers ------ RESOURCES Mike Novogratz https://x.com/novogratz Galaxy Digital https://www.galaxy.com/ Tokenization & RWAs (Galaxy Report) https://www.galaxy.com/research/insights/tokenization-and-the-future-of-finance/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

This week, Ryan and David break down the political storm brewing around crypto. From JD Vance’s fiery speech at Bitcoin 2025 to the Trump meme coin dinner that triggered bipartisan backlash. They dive into Ethereum’s biggest capital inflow yet, as a public company raises $425 million to buy and stake ETH, drawing comparisons to MicroStrategy. They also cover the court ruling that halted Trump-era tariffs, the Circle IPO finally moving forward, and early signs of a “Stablecoin Summer” as banks eye their own dollar-backed coins. Plus, the growing risks of copycat crypto acquisition vehicles, and why some say the next GBTC-style blowup could already be forming. ------ 📣 RE | REAL-WORLD (RE)STAKING https://bankless.cc/Re ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐CELO | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 0:00 Intro 0:37 JD Vance Bitcoin Conference 2025 https://x.com/cointelegraph/status/1927766577845305579 2:59 Crypto Prices 5:13 US court blocks most Trump tariffs, says president exceeded his authority https://ca.finance.yahoo.com/news/us-court-blocks-trumps-liberation-231041016.html https://truthsocial.com/@realDonaldTrump/posts/114588777076099501 12:29 The microstrategy of ETH! https://cointelegraph.com/news/sharplink-ethereum-treasury-joseph-lubin-board-chair https://x.com/econoar/status/1927380671334404511 https://x.com/RyanSAdams/status/1927344185595633687 https://x.com/hanni_abu/status/1927408350527922585 18:39 Gamestop & Trump Media Buying Bitcoin & SolSolStrategy https://x.com/WatcherGuru/status/1927680683847119289 https://x.com/KobeissiLetter/status/1927352308859330651 https://x.com/SolanaFloor/status/1927408166922293535 https://x.com/mikeippolito_/status/1927450775870931015 25:26 Trump Dinner https://x.com/BillSun_AI/status/1925728406974443607/video/1 https://x.com/Mollyploofkins/status/1926098775233241537 https://x.com/justinsuntron/status/192576411185 9597602 https://x.com/USHouseFSC/status/1925625286818689066 https://www.nbcnews.com/politics/congress/senate-republicans-raise-red-flags-trumps-private-dinner-meme-coin-hol-rcna204293 https://www.bloomberg.com/news/articles/2025-05-22/protesters-yell-shame-at-guests-of-trump-s-memecoin-dinner https://www.youtube.com/watch?v=JNJD-vKtrPc 36:22 The Annual Bitcoin (Stablecoin) Conference Week https://x.com/UnderCoercion/status/1927885141059260768 https://x.com/TheBitcoinConf/status/1927914310212407481 https://x.com/BitcoinMagazine/status/1926324131923976224 https://x.com/Cointelegraph/status/1927763954178150848 https://x.com/TPostMillennial/status/1927767083217039818 https://x.com/pete_rizzo_/status/1927509752931635256 https://x.com/BitcoinMagazine/status/1927479261780127747 https://x.com/DogCandles/status/1927879603055415557 44:08 Echo announced Sonar https://x.com/echodotxyz/status/1927422067801997336 46:18 Circle filed for an IPO on the NYSE https://x.com/CoinDesk/status/1927326167033356458 48:37 Some of the biggest US banks are about to launch joined stablecoin https://www.wsj.com/finance/banking/crypto-stablecoin-big-banks-a841059e https://x.com/CryptoHayes/status/1925739441634652654 https://x.com/SecScottBessent/status/1925967578540781743 51:55 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Welcome to Limitless. Today we’re joined by Luke Drago and Rudolf, authors of the powerful essay series "The Intelligence Curse." Together, we explore a future where artificial general intelligence (AGI) threatens to upend the economic and social contracts that underpin modern civilization. Will AI empower us or make us obsolete? We unpack how labor-replacing AI could dismantle the very incentives that once gave rise to liberal democracies, social mobility, and human-centered innovation—and what it might take to build a future worth living in. ------ 💫 LIMITLESS | SUBSCRIBE & FOLLOW https://pod.link/1813210890 https://www.youtube.com/@Limitless-FT https://x.com/LimitlessFT ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS 0:00 What is the Intelligence Curse 4:29 Resource Curse 8:20 Pyramid Replacement 18:19 Institutional Pushback 21:25 Capital, AGI & Human Ambition 32:00 Liberalism Falls Apart? 36:30 Powerful Actors 41:15 Rentier States 46:19 Human Labor in a AGI World 52:46 Nation States 57:37 Shaping the Social Contract 1:06:23 AI Snake Oil? 1:07:41 Balance of Power 1:08:51 Breaking the Intelligence Curse 1:16:45 Vitalik’s Defensive Accelerationism 1:18:16 Diffusion 1:19:58 Open-Source AI 1:22:06 Democratization 1:24:06 Who Wins? 1:26:43 Action Items 1:29:17 The Positive Scenario 1:30:21 Closing ------ RESOURCES Luke Drago https://x.com/luke_drago_ Rudolf Laine https://x.com/LRudL_ Time Op-ed https://time.com/7289692/when-ai-replaces-workers/ Intelligence Curse https://intelligence-curse.ai/ Contact Form https://docs.google.com/forms/d/e/1FAIpQLSft2iBV9z1AYsM3TcDnh8z3juc2k4yD0TQTZ91oy37S-KlSSQ/viewform AI Snake Oil - Arvind Narayanan https://press.princeton.edu/books/hardcover/9780691249131/ai-snake-oil Vitalik’s Defensive Accelerationism https://vitalik.eth.limo/general/2023/11/27/techno_optimism.html ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Is altseason finally here or just getting started? Michael Nadeau of the DeFi Report joins Ryan to break down the data behind a potential crypto rotation. We cover why ETH and select alts may be poised to outperform, how macro conditions are fueling risk-on sentiment, and why fundamentals—like protocol cash flows and MEV—matter more than ever. Michael also shares his current portfolio and reveals what he’s buying right now. If you’re positioning for what’s next, this is your rotation signal. Michael Nadeau & The DeFi Report: https://x.com/JustDeauIt https://thedefireport.io/research/altseason-melt-up https://docs.google.com/presentation/d/1g2H1VaAKHWB5trl1tRHRYc68lIqZ8tWnzcLnkasAVYk/edit?usp=sharing --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi --- TIMESTAMPS 0:00 Intro 0:23 Vince McMahon Meme https://x.com/QuintenFrancois/status/1925543793371054122 1:10 DeFi Report #1 & Crypto Fundamentals 7:07 Mike’s Trading Time Horizon 9:13 Alt-Season Melt-up? 15:43 Macro Catalysts 25:57 2021-2022 Cycle vs. Today 29:03 Bitcoin & ETH Moving Average Chart 32:46 Different Types of Trading/TA Fundamentals 36:36 Long-Term Holder Supply Chart 43:09 MVRV Z-Score 48:39 ETH/BTC Ratio & Altcoin Season? 53:02 Mike’s Portfolio 1:00:40 When to Sell 1:02:33 How Durable is Solana’s MEV Infra 1:04:59 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

How should we value L1 tokens in crypto? Today’s guest, Jonah Weinstein of Skycatcher, introduces RSOV—“Realized Store of Value”—a new metric designed to fundamentally rethink how we evaluate Layer 1 assets like ETH, SOL, and BTC. In this episode, we explore why traditional models like DCF and REV fall short for monetary assets, how RSOV works, and why it may be a better way to understand crypto’s total addressable market. Tune in for a fresh perspective that could change how you analyze L1s forever. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS 0:00 Intro 0:23 How to Value L1 Tokens 7:18 REV 20:32 L1 Tokens are Money 27:11 Payments vs SoV Use Case 36:13 TAM for Digital Money 41:45 BTC: Special Snowflake? 45:31 RSOV 1:03:17 REV vs RSOV 1:12:07 RSOV Valuations 1:18:27 RSOV Drivers 1:34:10 Future of RSOV 1:36:43 Skycatcher 1:38:55 Opportunities to Watch 1:40:46 Closing & Disclaimers ------ RESOURCES Jonah Weinstein https://x.com/_Jonahw RSOV Deck https://docsend.com/view/mb2v6k3yr38gpfwm RSOV Dune Dashboard https://dune.com/sc_research/rsov RSOV Template Financial Model https://docs.google.com/spreadsheets/d/1IH0IX0yal7raqhO8SWzcVGK-TAH-b7avRlZ3pxR0krc/edit?usp=sharing Skycatcher https://skycatcher.xyz/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

This week, Ryan and David unpack Bitcoin’s explosive run to $111K and the macro chaos driving it—specifically, the U.S. Treasury’s failed bond auction and what it signals for the dollar. They break down the Senate’s landmark stablecoin bill (and Elizabeth Warren’s meltdown), Ethereum’s ZK miracle that could 100x Layer 1 throughput, and Texas launching its own state Bitcoin reserve. Plus, why Stanley Druckenmiller’s portfolio strategy might justify going all-in on crypto—and whether alt season is finally on the horizon. ------ 📣 RE | REAL-WORLD (RE)STAKING https://bankless.cc/Re ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐CELO | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 0:00 Intro 0:31 Stanley Druckenmiller https://x.com/mrexits/status/1925354907382816880 3:40 Markets https://x.com/glassnode/status/1925225568817099260 https://x.com/btc_archive/status/1925468871449866309 https://x.com/WatcherGuru/status/1925401414659867102 https://x.com/Cointelegraph/status/1924676563582267643 https://x.com/CryptoRank_io/status/1923875599275143300 https://x.com/cburniske/status/1925482199727710648 https://www.reuters.com/business/tepid-demand-us-treasury-auction-shows-investor-jitters-about-tax-bill-deficit-2025-05-21/ 20:42 U.S. About to Pass a Landmark Stablecoin Bill? https://x.com/SenatorHagerty/status/1924933844001521787 https://x.com/eleanorterrett/status/1924504745689153812 https://x.com/WayneVaughan/status/1924660740847222832 https://x.com/intangiblecoins/status/1925247754969797007 https://x.com/cburniske/status/1924705825723187343 https://x.com/CampbellJAustin/status/1925170860140249445 33:48 ETHEREUM IS SAVED. Bet it all on zk! Real-time proving is coming to Ethereum! https://x.com/drakefjustin/status/1924929057676001466 https://x.com/VitalikButerin/status/1925050155922862526 https://x.com/pumatheuma/status/1925231968117277066 https://x.com/SuccinctLabs/status/1924523978703740963 45:26 Solana’s next leap: the proposed “Alpenglow” consensus https://x.com/Austin_Federa/status/1924498049482559677 https://www.anza.xyz/ https://x.com/gttyson/status/1924519192101061035 47:57 FIGHT FOR RWAS https://x.com/TrustlessState/status/1925577606163829203 https://blog.kraken.com/news/tokenized-equities-coming-soon 48:58 BIG Sui Dex hacked https://x.com/Cointelegraph/status/1925509145366503486 https://x.com/SuiNetwork/status/1925572334054002774 https://www.coingecko.com/en/coins/sui 52:13 SKY became the sole governance token of the Sky https://x.com/SkyEcosystem/status/1924515700564988354 https://upgrademkrtosky.com 53:54 Bitcoin community might rename sats to bitcoins https://x.com/jack/status/1924121538485178658 57:16 Texas Strategic Bitcoin Reserve bill officially passed - TEXAS loves crypto https://x.com/BitcoinMagazine/status/1925239389141049353 https://bitcoinlaws.io/tx 58:24 Galaxy was listed on Nasdaq - $7 billion https://x.com/galaxyhq/status/1923411961754108177 59:11 Hester Peirce’s “New Paradigm” speech (SEC Speaks, 19 May 2025) https://www.sec.gov/newsroom/speeches-statements/peirce-remarks-sec-speaks-051925 https://x.com/RyanSAdams/status/1924539029346828608 -https://www.coindesk.com/policy/2025/05/20/sec-charges-unicoin-top-executives-with-100m-massive-securities-fraud 1:01:39 DOJ is investigating Coinbase data breach & Circle Rumors? https://cointelegraph.com/news/justice-department-coinbase-data-breach https://www.coindesk.com/business/2025/05/20/circle-has-explored-potential-5b-sale-to-coinbase-or-ripple-instead-of-ipo-report 1:04:00 Closing & Disclaimers 1:04:26 Moment of Zen https://x.com/mrexits/status/1925354907382816880 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

In this episode of the Bankless Podcast, hosts discuss Real Economic Value (REV). Triggered by Jon's exploration of how ETH and SOL prices correlate with REV, the team delves into REV's role as a value capture metric and demand signal for blockchain networks. We evaluate the implications for network valuations, debate the sustainability of relying on REV, and analyze competitive dynamics between Ethereum and Solana. The conversation concludes with musings on crypto investment risks and the evolving identity of digital currencies in relation to app utility. Jon Charbonneau: https://x.com/jon_charb Bread: https://x.com/0xBreadguy Andy8052: https://x.com/andy8052 —- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi --- TIMESTAMPS 0:00 REV https://x.com/jon_charb/status/1923739890115543264 https://x.com/TrustlessState/status/1924835154700234866 17:56 Stablecoins vs Native Currencies 28:38 Tribalism https://x.com/post_polar_/status/1924458711940055246 https://x.com/RyanSAdams/status/1924202146117153172 39:30 The Trenches https://dune.com/beincrypto/solana-launchpads 49:14 Pump . Fun --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Arthur Hayes returns to Bankless for a wide-ranging macro and crypto conversation. We cover why ETH ripped, why the Trump administration might walk away from US treasuries as the global reserve asset, and why capital controls—not tariffs—could redefine the global economic order. Arthur lays out his full thesis on how a massive shift in global liquidity is unfolding, what it means for crypto, and why he’s betting big on Bitcoin, gold, and “buying everything” as the money printers rev up again. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS 0:00 Intro 0:34 ETH’s Back? 2:25 Bretton Woods 7:38 The Petrodollar 9:37 The Petroyuan 17:47 US China Trade Imbalances 20:22 Liberation Day & Tariffs 33:19 Capital Controls 38:42 US Capital Flights 44:51 Dual Monetary System 49:08 Bitcoin as a Reserve Currency? 50:19 Buy Everything Except Bonds 53:07 Scott Bessent 57:02 QE is Inevitable 1:02:15 Stablecoins 1:06:55 Trump’s Pro-Crypto Campaign 1:11:44 Global Liquidity 1:21:20 Gold Reevaluation 1:25:18 Hot War Scenario 1:29:54 Arthur’s Bags 1:30:33 Crypto Cycle 1:35:07 Closing & Disclaimers ------ RESOURCES Arthur Hayes X https://x.com/CryptoHayes Arthur’s Blog Post https://cryptohayes.medium.com/fatty-fatty-boom-boom-52e47a03f487 Arthur Hayes IG https://www.instagram.com/cryptohayes/ LinkedIn https://www.linkedin.com/in/arthur-hayes-b493b42/ Substack https://cryptohayes.substack.com/ Maelstrom https://maelstrom.fund/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

📣 BANKESS x FRAX MEETUP | Permissionless 2025 https://lu.ma/uf9mmcoa ------ This week, Ryan and David break down Ethereum’s explosive 50% surge and the surprising macro catalyst behind it: a U.S.–China tariff deal that has markets ripping. They cover Coinbase’s massive customer data leak (and Brian Armstrong’s $20M bounty response), Robinhood’s stealthy Layer 2 acquisition, and the rise of meme coins funding real apps. Plus, why Arthur Hayes thinks the bull market is just beginning. ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 0:00 Intro 0:06 “Who is laughing now?” statement from NYC Mayor https://x.com/WatcherGuru/status/1922036267685908761 3:47 Prices, Uniswap, & Aave https://x.com/jbrukh/status/1922315929578299580 https://dune.com/mud2monarch/countdown-to-three-trillion-united-states-dollars https://x.com/StaniKulechov/status/1921478583337312339 https://x.com/RyanSAdams/status/1921925615923388864 https://l2beat.com/scaling/summary 14:10 Tariff Truce - US and China agree to slash tariffs for 90 days - We’re Saved!!! https://www.cnbc.com/2025/05/12/us-and-china-agree-to-slash-tariffs-for-90-days.html https://x.com/biancoresearch/status/1921927955573264802 https://polymarket.com/event/us-recession-in-2025 https://cryptohayes.substack.com/p/fatty-fatty-boom-boom 28:40 Bad Coinbase news first - Coinbase MAJOR customer data leak Coinbase $20m award leading to the arrest of hackers https://x.com/brian_armstrong/status/1922967787309256807 https://x.com/coinbase/status/1922967576209998133 https://x.com/0xBreadguy/status/1923006791031587248 https://x.com/adamscochran/status/1923018728800686532 https://x.com/lemiscate/status/1922984240318193934 35:48 Coinbase becomes the first crypto company in S&P500 https://x.com/iamdcinvestor/status/1922068706084970750 https://x.com/cbfutures/status/1920850444093448225 https://www.tradingview.com/symbols/NASDAQ-COIN/ 37:28 Internet Capital Markets Meta https://www.jellyjelly.com/ https://dexscreener.com/solana/3bc2e2rxcfvf9op22lvbansvwos2t98q6ercroayqydq https://x.com/gabrielhaines/status/1922293923420000346 https://www.believescreener.com/ https://x.com/believeapp/status/1922780481684148519 https://x.com/alex_leiman/status/1922075531966550488 https://x.com/msg/status/1922708357686743551 https://x.com/pasternak/status/1922493500504867290 https://dune.com/adam_tehc/memecoin-wars https://x.com/WazzCrypto/status/1922826087467204636 https://x.com/TrustlessState/status/1922635525992644770 https://x.com/pumpdotfun/status/1921941742854512924? https://x.com/RyanSAdams/status/1922006135520764094 50:29 Robinhood will acquire Kevin O’Leary-Backed WonderFi - Leads to ETH L2. https://x.com/RobinhoodApp/status/1922245928691421671 https://www.wonder.fi 52:12 CryptoPunks have a new owner! https://x.com/cryptopunksnfts/status/1922291088431448396 https://x.com/econoar/status/1922339944774664660 https://www.coingecko.com/en/nft 53:46 Is the SEC becoming awesome now? pro-capital, pro-crypto SEC Paul Atkins said that his priority is to develop new rules for crypto tokens https://x.com/WatcherGuru/status/1921977322871140360 https://x.com/SECGov/status/1922001045087027349 https://x.com/RyanSAdams/status/1920585655039529220 https://www.sec.gov/files/ctf-memo-blackrock-05092025.pdf 58:42 Superstate is launching Opening Bell platform with their first client! https://x.com/superstatefunds/status/1920479311728869826 1:00:01 JD Vance will speak at Bitcoin 2025 https://bitcoinmagazine.com/politics/u-s-vice-president-jd-vance-to-speak-at-bitcoin-2025-confer 1:00:32 Meta is exploring stabecoins again! https://x.com/degeneratenews/status/1920557131201122806 1:01:59 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Ryan and David reunite on Bankless Takes with a big question: What must Ethereum do to win? Ryan champions a memetic and cultural shift, calling for ETH maximalism and nationalism to reignite belief in ETH as a monetary asset. David brings a product-driven roadmap, urging Ethereum to strengthen its L1 as the economic hub of the internet. Together, they explore a vision for a unified Ethereum that can scale, coordinate, and ultimately win. This isn’t just a talk—it’s a strategy session for Ethereum’s future. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 0:00 Intro 3:21 Job’s Not Finished 10:11 A Call for Maximalism 13:10 Blue-Money Gospel https://x.com/RyanSAdams/status/1915874994514452763 25:23 Restoring ETH’s Product-Money Feedback Loop https://www.bankless.com/read/restoring-eths-product-money-feedback-loop 46:58 Towards a United Chains of Ethereum https://x.com/RyanSAdams/status/1917298612540739931 https://x.com/Spire_Labs/status/1915430799618564394 https://l2beat.com/scaling/summary 1:05:43 ETH—Commodity Money Backed by an Economy https://x.com/RyanSAdams/status/1918065179725570536 1:08:59 Rethinking Our Messaging 1:14:49 Can Ethereum Still Win? 1:19:22 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

In this episode of the Bankless Roundtable, host David Hoffman is joined by crypto enthusiasts Zero X Bread Guy, John Charbonneau, and Andy8052 to discuss the recent surge in Ethereum's price, which skyrocketed nearly 50% this week. The panel analyzes the impact of the Believe app and Launchcoin on internet capital markets, Coinbase's entry into the S&P 500, and Robinhood's new Layer 2 solution. They explore the implications of these developments for investor confidence and market liquidity, alongside the rising interest in meme-based tokens. The conversation wraps up with thoughts on Ethereum vs. Solana and the importance of community engagement in the evolving crypto landscape. Jon Charbonneau: https://x.com/jon_charb Bread: https://x.com/0xBreadguy Andy8052: https://x.com/andy8052 —- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi --- TIMESTAMPS 0:00 ETH vs SOL vs BTC 5:40 Internet Capital Markets https://x.com/gabrielhaines/status/1922293923420000346 https://dexscreener.com/solana/yrrustgpugdp8bbfosqdefssen6sa75zs1qjvgnhtmy https://www.believescreener.com/ https://x.com/believeapp 22:19 Memecoin Launchpads https://x.com/believeapp/status/1922075588115775489 https://x.com/zhusu/status/1922178773375418733 30:32 Ethereum Up 50% https://www.coingecko.com/en/coins/ethereum 46:25 Coinbase Listed https://x.com/coinbase/status/1922046840528113880 53:47 Robinhood Acquires Wonderfi https://x.com/hanni_abu/status/1922341347844841611 --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Shaun Maguire, partner at Sequoia and former physicist turned investor, joins the Limitless Podcast to explore why we’re on the verge of a technological renaissance. From AI and silicon photonics to humanoid robots and space infrastructure, Shaun makes the case that the next 20 years will make the internet boom look tame. We dive deep into why America needs 10 SpaceX-level companies, the return of hardware innovation, the energy constraints of the future, and how frontier technologies like Neuralink and Mars colonization might reshape civilization. ------ 💫 LIMITLESS | SUBSCRIBE & FOLLOW https://pod.link/1813210890 https://www.youtube.com/@Limitless-FT https://x.com/LimitlessFT ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS 0:00 Intro 6:36 Who’s Shaun Maguire? 9:24 Investing in the AI Age 13:06 Hardware Manufacturing 21:58 Hardware Precedes Software Revolutions 42:20 Energy 49:53 Space Solar Reflectors 55:45 Space Economy 1:04:15 Elon Musk 1:14:24 Robotics 1:17:39 Neuralink 1:25:22 Doom Scenarios 1:32:02 Closing Thoughts ------ RESOURCES Shaun Maguire https://x.com/shaunmmaguire Sequoia Capital https://www.sequoiacap.com/ Josh Kale https://x.com/Josh_Kale David Hoffman https://x.com/TrustlessState ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

<p class="text-node">This week, Ryan and David unpack Ethereum’s game-changing "Pectra" upgrade, doubling Layer 2 blob space and sparking fresh debates on L1 scaling. Meanwhile, Washington sets its sights on a $2 trillion stablecoin market, Apple’s App Store monopoly cracks open to crypto, and Coinbase makes a historic acquisition of Deribit. Plus, Bitcoin breaks $100K and ETH $2k, are we officially back in bull territory? Find out on this week’s Weekly Rollup.<br>------</p><p class="text-node">💫 LIMITLESS | SUBSCRIBE & FOLLOW<br><a class="link" href="https://www.youtube.com/@Limitless-FT">https://www.youtube.com/@Limitless-FT</a> <br><a class="link" href="https://x.com/LimitlessFT">https://x.com/LimitlessFT</a> </p><p class="text-node">------<br>BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> </p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> </p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> </p><p class="text-node">🌐SELF | PROVE YOUR SELF<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> </p><p class="text-node">🟠HEMI | BTC & ETH, ONE NETWORK<br><a class="link" href="https://bankless.cc/hemi">https://bankless.cc/hemi</a> </p><p class="text-node">------<br>TIMESTAMPS & RESOURCES</p><p class="text-node">0:00 Intro</p><p class="text-node">0:32 Markets<br><a class="link" href="https://www.cnbc.com/2025/05/07/fed-meeting-live-updates-traders-await-insight-from-powell-on-next-rate-cut-tariff-impact.html">https://www.cnbc.com/2025/05/07/fed-meeting-live-updates-traders-await-insight-from-powell-on-next-rate-cut-tariff-impact.html</a> <br><a class="link" href="https://fred.stlouisfed.org/graph/?id=EFFR%2CDFEDTARU%2CDFEDTARL%2C&utm_source=chatgpt.com">https://fred.stlouisfed.org/graph/?id=EFFR%2CDFEDTARU%2CDFEDTARL%2C&utm_source=chatgpt.com</a> <br><a class="link" href="https://fred.stlouisfed.org/series/FEDFUNDS?utm_source=chatgpt.com">https://fred.stlouisfed.org/series/FEDFUNDS?utm_source=chatgpt.com</a> <br><a class="link" href="https://truthsocial.com/@realDonaldTrump/posts/114471750357100883">https://truthsocial.com/@realDonaldTrump/posts/114471750357100883</a> <br><a class="link" href="https://x.com/ForexLive/status/1919864600339558405">https://x.com/ForexLive/status/1919864600339558405</a> </p><p class="text-node">13:44 Big win for Crypto against Apple App Store Monopoly! <br><a class="link" href="https://x.com/hlopez_/status/1918113804938056100">https://x.com/hlopez_/status/1918113804938056100</a> <br><a class="link" href="https://x.com/0xCygaar/status/1918335966538068300">https://x.com/0xCygaar/status/1918335966538068300</a> <br><a class="link" href="https://x.com/RyanSAdams/status/1920486709831033039">https://x.com/RyanSAdams/status/1920486709831033039</a> </p><p class="text-node">21:36 Ethereum upgrade live on mainnet! <br><a class="link" href="https://x.com/TimBeiko/status/1920145795430727686">https://x.com/TimBeiko/status/1920145795430727686</a> <br><a class="link" href="https://x.com/TrustlessState/status/1919746313760969136">https://x.com/TrustlessState/status/1919746313760969136</a> <br><a class="link" href="https://www.bankless.com/read/eip-7702-ethereum-onchain-culture">https://www.bankless.com/read/eip-7702-ethereum-onchain-culture</a> <br><a class="link" href="https://x.com/adietrichs/status/1920083962472300928">https://x.com/adietrichs/status/1920083962472300928</a> <br><a class="link" href="https://x.com/drakefjustin/status/1920343548047569165">https://x.com/drakefjustin/status/1920343548047569165</a> <br><a class="link" href="https://x.com/TrustlessState/status/1920488999296078131">https://x.com/TrustlessState/status/1920488999296078131</a> <br><a

<p class="text-node">Welcome to the AI Rollup, from the Limitless Podcast. David, Ejaaz, and Josh break down the week’s most important AI headlines, from OpenAI’s $3B Windsurf acquisition and Google’s full-stack AI play, to Visa and Mastercard preparing for agentic commerce. We explore the state of robotics, major interpretability challenges, and why the race to AGI may outpace our ability to understand it. Plus: AI ASMR, glow-up GPT, and why autonomous agents still kinda suck. Stay curious, this one’s stacked.</p><p class="text-node">------<br>💫Subscribe and Follow Limitless<br><a class="link" href="https://www.youtube.com/@Limitless-FT">https://www.youtube.com/@Limitless-FT</a> <br><a class="link" href="https://x.com/LimitlessFT">https://x.com/LimitlessFT</a> </p><p class="text-node">------<br>BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi<br>https://bankless.cc/Frax</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN<br>https://bankless.cc/unichain</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK<br>https://bankless.cc/Mantle</p><p class="text-node">🌐SELF | PROVE YOUR SELF<br>https://bankless.cc/Self</p><p class="text-node">🟠HEMI | BTC & ETH, ONE NETWORK<br>https://bankless.cc/hemi</p><p class="text-node">------<br>TIMESTAMPS & RESOURCES</p><p class="text-node">00:00:00 Intro To Limitless!</p><p class="text-node">https://x.com/LimitlessFT</p><p class="text-node"><br>00:04:23 OpenAI Makes Huge Acquisition</p><p class="text-node">https://www.outlookbusiness.com/artificial-intelligence/openai-to-acquire-ai-coding-platform-windsurf-for-3bn?utm_source=www.theaivalley.com&utm_medium=newsletter&utm_campaign=openai-reverses-for-profit-plan-ai-breakthroughs-in-robotics&_bhlid=7f1b29a5128efe71af21ff4cb81c530bdcac095e</p><p class="text-node">https://x.com/ns123abc/status/1912876350911754676</p><p class="text-node">https://www.testingcatalog.com/google-tests-computer-use-tools-and-cloud-run-hosting-in-ai-studio/?utm_source=www.theaivalley.com&utm_medium=newsletter&utm_campaign=openai-reverses-for-profit-plan-ai-breakthroughs-in-robotics&_bhlid=bd7931dcfd449aa11b0bf7197fdfa983289758c2</p><p class="text-node"><br>00:08:01 Why Spend $3 Billion??</p><p class="text-node"><br>00:16:09 OpenAI Memory Update Is... Interesting</p><p class="text-node">https://techcrunch.com/2025/04/18/chatgpt-will-now-use-its-memory-to-personalize-web-searches/?utm_source=www.theaivalley.com&utm_medium=newsletter&utm_campaign=openai-launches-o3-and-o4-mini&_bhlid=d08c6dc54c407d4f53df9d11a68857dba951a21c</p><p class="text-node"><br>00:23:56 OpenAI Re-Structuring</p><p class="text-node">https://www.reuters.com/business/openai-remain-under-non-profit-control-change-restructuring-plans-2025-05-05/?utm_source=www.theaivalley.com&utm_medium=newsletter&utm_campaign=openai-reverses-for-profit-plan-ai-breakthroughs-in-robotics&_bhlid=c4222c046fc76f42b7f72ca72537e4e8620a2af1</p><p class="text-node"><br>00:37:24 Visa Credit Cards For AI Agents</p><p class="text-node">https://apnews.com/article/ai-artificial-intelligence-5dfa1da145689e7951a181e2253ab349</p><p class="text-node"><br>00:43:21 The Crypto Bull Case</p><p class="text-node"><br>00:45:43 The Deca Trillion Robot Opportunity</p><p class="text-node">https://x.com/adcock_brett/status/1913986971501748390?s=46</p><p class="text-node">https://x.com/kimmonismus/status/1919510163112779777</p><p class="text-node">https://developer.nvidia.com/isaac/gr00t</p><p class="text-node">https://x.com/adcock_brett/status/1916523708153217525?s=46</p><p class="text-node">https://x.com/adcock_brett/status/1919060515998822898?s=46</p><p class="text-node"><br>00:52:44 Dogs With Machine Guns</p><p class="text-node"><br>00:58:11 Using AI To Do Your Job</p><p class="text-node"><br>01:02:12 The Interpretability Talk</p><p class="text-node">https://www.darioamodei.com/post/the-urgency-of-interpretability</p><p class="text-node"><br>01:09:18 AI Neurons?</p><p class="text-node"><br>01:15:27 The Dopamine Sectio

<p class="text-node">In this episode of the Bankless Roundtable, hosts BreadGuy, John Charbonneau, and Andy8052 tackle pivotal issues in the crypto world. They explore the disconnect between institutional bullishness and community despair, with Bread highlighting the plight of altcoin holders amid Bitcoin's dominance. The conversation turns to a scandal involving a token loan, revealing manipulation that undermines trust in the industry.</p><p class="text-node">Later, they discuss the upcoming Ethereum Pectra upgrade, emphasizing its potential to improve functionality while cautioning about implementation challenges. The hosts also dive into the meme coin phenomenon, navigating the ethical dilemmas of this niche. As they wrap up, the team reflects on the challenges and hope within the crypto community, encouraging thoughtful engagement in this dynamic market.</p><p class="text-node">Jon Charbonneau: https://x.com/jon_charb <br>Bread: https://x.com/0xBreadguy <br>Andy8052: <a class="link" href="https://x.com/andy8052">https://x.com/andy8052</a></p><p class="text-node">---<br>📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24<br><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a> </p><p class="text-node">---</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi<br>https://bankless.cc/Frax</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN<br>https://bankless.cc/unichain</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK<br>https://bankless.cc/Mantle</p><p class="text-node">🌐SELF | PROVE YOUR SELF<br>https://bankless.cc/Self</p><p class="text-node">🟠HEMI | BTC & ETH, ONE NETWORK<br>https://bankless.cc/hemi</p><p class="text-node">---</p><p class="text-node">TIMESTAMPS</p><p class="text-node">00:00 Intro</p><p class="text-node">03:40 Current Crypto Sentiment</p><p class="text-node">9:20 Movement Market Making Scandal</p><p class="text-node">26:10 Boop.Fun vs Pump.Fun</p><p class="text-node">1:00:15 Ethereum's Pectra Upgrade</p><p class="text-node">1:16:25 Bitcoin vs Ethereum</p><p class="text-node">1:12:45 Closing Thoughts</p><p class="text-node">---</p><p class="text-node">Not financial or tax advice. See our investment disclosures here:<br>https://www.bankless.com/disclosures%E2%81%A0</p>

<p class="text-node">Ethereum Foundation's new Co-Executive Directors, Tomasz Stanczak and Hsiao-Wei Wang, join Bankless to outline their vision for the future of Ethereum. </p><p class="text-node">We explore their backgrounds, the changing leadership at EF, and the roadmap ahead—from accelerating L1 scaling and improving UX to making Ethereum more dynamic and product-focused. This episode offers a rare behind-the-scenes look at how Ethereum plans to stay resilient, decentralized, and mission-aligned in a fast-changing world.
</p><p class="text-node">------
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</p><p class="text-node">------
<br>BANKLESS SPONSOR TOOLS:
</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi
<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> 
</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN
<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> 
</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK
<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> 
</p><p class="text-node">🌐SELF | PROVE YOUR SELF
<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> 
</p><p class="text-node">🟠HEMI | BTC & ETH, ONE NETWORK
<br><a class="link" href="https://bankless.cc/hemi">https://bankless.cc/hemi</a>
</p><p class="text-node">------
<br>TIMESTAMPS
</p><p class="text-node">0:00 Intro 
<br>8:19 Career Journey 
<br>16:22 What Value Are They Providing 
<br>23:39 Continuing the Ethereum Legacy 
<br>31:11 Ethereum Foundation: Strengths, Gaps & Calls for Leadership 
<br>43:41 The Pectra Disaster 
<br>1:00:51 Scaling and Improving the Layer 2 
<br>1:06:55 The Concept of "Product Centric Ethereum" 
<br>1:11:49 Metrics, Accountability & Operational Leadership at Ethereum 
<br>1:14:41 What the Ethereum Foundation Isn't Responsible For 
<br>1:18:35 Clearing Up EF Misconceptions 
<br>1:26:25 Inside Ethereum’s Upgrade Cycle 
<br>1:31:17 Closing and Disclosure
</p><p class="text-node">------
<br>RESOURCES
</p><p class="text-node">Hsiao-Wei Wang
<br><a class="link" href="https://x.com/hwwonx">https://x.com/hwwonx</a>
</p><p class="text-node">Tomasz K. Stańczak
<br><a class="link" href="https://x.com/tkstanczak">https://x.com/tkstanczak</a> 
</p><p class="text-node">Ethereum Foundation
<br><a class="link" href="https://ethereum.foundation/">https://ethereum.foundation/</a> 
</p><p class="text-node">------<br>Not financial or tax advice. See our investment disclosures here:<br><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a> </p>

This week, Ryan and David dive into crypto’s dramatic new re-prioritization (pivot?) as Ethereum is shifting rapidly, prioritizing Layer 1 scaling in a move that has sparked intense community debate. Meanwhile, macro turmoil hits crypto with a looming tariff-driven recession and signs of American capital flight shaking global markets. Bitcoin tightens its grip on Washington, cementing itself as digital gold in the eyes of the Trump administration, and Worldcoin launches a U.S. rollout amid rising fears of an AI-driven dystopia. Plus, Sui surges on wild Pokémon rumors, Ripple’s bold move to buy Circle gets rejected, and Monero rockets after a massive Bitcoin hack. Is crypto entering a new golden age, or are these the early tremors of deeper uncertainty? Find out on this week's must-watch Weekly Rollup. ------ 📣BUILDBEAR | EASY EVM SANDBOX https://bankless.cc/buildbear ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 0:00 Intro 1:58 Markets 3:06 Movers of the Week https://www.bankless.com/read/whats-next-for-sui-in-2025 https://x.com/davewardonline/status/1877073873499197832? https://x.com/SuiNetwork/status/1914689214803009837 https://blog.sui.io/canary-capital-sui-etf/ 5:11 Macro https://x.com/RyanSAdams/status/1917575854961439151 https://www.apolloacademy.com/wp-content/uploads/2025/04/042625-ConsumerandFirms_v2.pdf https://x.com/watcherguru/status/1917601209906520370 Meme: https://x.com/alifarhat79/status/1917585508818980906 https://x.com/RaoulGMI/status/1912554771644325905/photo/1 19:18 Ethereum Pivot? Or Reprioritization? https://x.com/ethereumfndn/status/1916883771280040264 https://x.com/VitalikButerin/status/1917541325072916590 https://x.com/ethereumfndn/status/1916883782025482729 https://x.com/dankrad/status/1917678690852311333 https://x.com/RyanSAdams/status/1917689036744835390 https://x.com/TrustlessState/status/1917564803909918856 https://x.com/hasufl/status/1917880676000411796 https://x.com/0xoxus/status/1917824751151600084 28:05 Base and Scroll Reach Stage 1 Decentralization Milestone https://l2beat.com/scaling/summary https://x.com/jessepollak/status/1917253415966798164 29:33 Worldcoins “At Last” Event in San Francisco https://www.ft.com/content/0c5c2b8d-b185-40b6-9221-b80ee130b92e?utm_source=chatgpt.com https://x.com/TheStalwart/status/1916277891299475462 38:45 Bitcoin Space Race https://x.com/BitcoinMagazine/status/1917271814356754459 https://bitcoinmagazine.com/politics/u-s-secretary-of-commerce-howard-lutnick-has-a-bitcoin-vision-for-america 42:20 What’s going on in Movement labs?! https://www.coindesk.com/tech/2025/04/30/inside-movement-s-token-dump-scandal-secret-contracts-shadow-advisors-and-hidden-middlemen https://x.com/hasufl/status/1917572935339888776 44:02 Monero likely pumped 50% due to suspected $330M Bitcoin theft https://x.com/zachxbt/status/1916756932763046273 45:51 Tether Now Holds 7.7 Tons of Gold to Back XAUT https://thedefiant.io/news/markets/tether-now-owns-7-7-tons-of-gold-to-back-its-xaut-token 47:09 US bank regulators pull back guardrails on bank crypto activities https://x.com/federalreserve/status/1915519104435224895 https://x.com/asvanevik/status/1915581219133415597 48:15 Senate Moves to Ban Congressional Stock Trading—Again https://x.com/HarrisonKrank/status/1916921283658252621 51:18 US DOJ seeks 20-year prison sentence for Alex Mashinsky https://x.com/cointelegraph/status/1917166974091534743 53:13 Circle rejected ripple takeover bid of $4-5B https://x.com/matthew_sigel/status/1917647009994993944 56:29 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

This week on the AI Rollup, David, Ejaaz and Josh ride OpenAI’s latest roller-coaster. The release of o3 is making waves for its native multi-modality while 4o gets a “genius-but-sycophantic” update and a rumored social network is in the works. They unpack the Reddit mind-hack experiment, an open-sourced natural-language coding agent, a 40-point jump in AI IQ, and more before asking: is it ethically okay for AI to cheat? David: https://x.com/TrustlessState Ejaaz: https://x.com/cryptopunk7213 Josh: https://x.com/Josh_Kale ------ 📣 BUILDBEAR | GITHUB FOR WEB3 https://bankless.cc/buildbear ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 00:00:00 Start 00:02:50 OpenAI's New Frontier Model https://openai.com/index/introducing-o3-and-o4-mini/ https://x.com/rowancheung/status/1912561386208825751 https://x.com/AISafetyMemes/status/1912875957897003354 https://x.com/sama/status/1912558495997784441 https://x.com/TransluceAI/status/1912552046269771985 00:10:07 Is There A Scaling Wall? 00:17:13 The New AI Gold Rush 00:19:21 AI Caught Lying https://x.com/IterIntellectus/status/1916463746454528071 https://x.com/deedydas/status/1916611855067594943 00:31:55 Open AI's Next Big Product https://x.com/kyliebytes/status/1912171286039793932 https://x.com/cryptopunk7213/status/1914493366886174722 https://x.com/rowancheung/status/1917473779069968505?s=46 00:43:19 Optimizing For Addiction 00:50:28 Secret Reddit Agents https://x.com/reddit_lies/status/1916916134630117814?s=46 00:58:55 Mega Viral AI Generated Video https://x.com/falchook/status/1914419758520525194 01:01:29 GeoGuesser https://x.com/arithmoquine/status/1912671688874926575?s=46 01:04:13 Is It Ethical For AI To Cheat? https://x.com/im_roy_lee/status/1914061483149001132?s=46 01:17:00 Decentralized AI Training https://x.com/primeintellect/status/1912266266137764307?s=46 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Jon Charbonneau, Bread, and Andy8052 join David to break down Ethereum’s bold pivot back to Layer 1 and what it means for the future of crypto. They also dive into the implications of scaling the L1 over rollups, the looming death of longtail L2s, and the shifting meta around value accrual, memecoins, and onchain activity. The crew also debates ETH’s monetary identity, HyperLiquid’s EVM ambitions, and whether Ethereum can reassert itself as crypto’s dominant tech and cultural platform. Jon Charbonneau: https://x.com/jon_charb Bread: https://x.com/0xBreadguy Andy8052: https://x.com/andy8052 ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ TIMESTAMPS & RESOURCES 0:00 Intro 1:58 Ethereum Pivot Has a Tagline https://x.com/hosseeb/status/1917052715911549399 https://x.com/0xngmi/status/1916910787936797005 18:49 Ethereum Value Accrual 30:29 Fun Chain Premium 34:00 Memecoin Meta These Days 50:17 HyperLiquid EVM 58:01 1 Gorilla vs 100 Men https://x.com/search?q=1%20Gorilla%20v%20100%20Men&src=typed_query 1:04:07 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

<p class="text-node">Can Crypto disrupt the IP Market? </p><p class="text-node">In this episode, we dive deep with Jason Zhao, co-founder of Story Protocol, on how their new token launch could unlock the $70 trillion intellectual property market. We explore the bold vision of making IP liquid, programmable, and globally accessible — and how crypto-native creators, DAOs, and even major studios could reshape how stories are owned and built. 
</p><p class="text-node">This might just be crypto's most ambitious attempt at disrupting the media yet.
</p><p class="text-node">------
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<br>BANKLESS SPONSOR TOOLS:
</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi
<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> 
</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN
<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> 
</p><p class="text-node">🌐SELF | PROVE YOUR SELF
<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> 
</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK
<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> 
</p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP
<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> 
</p><p class="text-node">------
<br>TIMESTAMPS
</p><p class="text-node">0:00 Intro
<br>5:48 Why Onchain IP?
<br>16:52 Eliminating Lawyers
<br>24:41 Step One
<br>28:56 Code as Law
<br>38:38 Ownership Protection
<br>45:35 Onchain IP Nuances
<br>53:11 Final Words
<br>56:30 Closing & Disclaimers
</p><p class="text-node">------
<br>RESOURCES
</p><p class="text-node">Jason Zhao
<br><a class="link" href="https://x.com/jasonjzhao">https://x.com/jasonjzhao</a> 
</p><p class="text-node">Story Protocol
<br><a class="link" href="https://x.com/storyprotocol">https://x.com/storyprotocol</a> 
</p><p class="text-node">------
<br>Not financial or tax advice. See our investment disclosures here:
<br><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a> 
<br></p><p class="text-node">
</p><p class="text-node"></p>

<p class="text-node">Ethereum has achieved groundbreaking technological success, but has it failed to properly define ETH the asset? </p><p class="text-node">In this episode, Frax founder Sam Kazemian joins us to discuss what he believes is Ethereum’s biggest mistake: confusing the ETH asset with Ethereum the technology. Sam argues that post-EIP-1559 and Proof of Stake, ETH unintentionally shifted toward a discounted cash flow (DCF) valuation model, undermining its potential as a commodity-like store of value.
</p><p class="text-node"> We explore how the Ethereum community can reclaim a stronger narrative around ETH and why social consensus — not just tech — determines an asset’s destiny.
</p><p class="text-node">------
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<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> 
</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN
<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> 
</p><p class="text-node">🌐SELF | PROVE YOUR SELF
<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> 
</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK
<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> 
</p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP
<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> 
</p><p class="text-node">------
<br>TIMESTAMPS
</p><p class="text-node">0:00 Intro 
<br>4:43 Classifying ETH
<br>17:50 ETH/BTC Collapse
<br>33:39 ETH Revenues
<br>44:35 Blue-Money Gospel
<br>53:44 What ETH Needs
<br>1:10:08 ETH Internet Bond Narrative
<br>1:19:49 Final Thoughts
</p><p class="text-node">------
<br>RESOURCES
</p><p class="text-node">Sam Kazemian
<br><a class="link" href="https://x.com/samkazemian">https://x.com/samkazemian</a> 
</p><p class="text-node">Blue-Money Gospel
<br><a class="link" href="https://x.com/RyanSAdams/status/1915874994514452763">https://x.com/RyanSAdams/status/1915874994514452763</a> 
</p><p class="text-node">------
<br>Not financial or tax advice. See our investment disclosures here:
<br><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a> 
</p><p class="text-node">
</p><p class="text-node"></p>

<p class="text-node">This week, the one, the only, Ryan Sean Adams makes his return to the Weekly Rollup and crypto, after a 90-day crypto detox to find a radically changed landscape. Ryan and David break down crypto’s shifting cycle, what Ryan missed, and Bitcoin’s dramatic decoupling from equities as it earns a strategic reserve in the U.S. Treasury. Meanwhile, Ethereum faces an existential pivot as it tries to reclaim lost ground against Bitcoin and Solana. Plus, Zora sparks heated debate with “content coins” amid new regulatory wins—and new fears of political corruption. Did crypto lose its soul chasing mainstream adoption, or is this the messy price of progress? It’s an essential Weekly Rollup you can’t afford to miss.<br><br>------</p><p class="text-node">📣 WALLET CONNECT | ONCHAIN UX ECOSYSTEM<br><a class="link" href="https://bankless.cc/WalletConnect">https://bankless.cc/WalletConnect</a> </p><p class="text-node">------<br>BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> </p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> </p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> </p><p class="text-node">🌐SELF | PROVE YOUR SELF<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> </p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> </p><p class="text-node">------<br>TIMESTAMPS & RESOURCES</p><p class="text-node">0:00 Intro</p><p class="text-node">0:47 Are we still in a bull market?</p><p class="text-node">3:01 Ryan’s unplugging </p><p class="text-node">5:35 Ryan’s last 90-days <br><a class="link" href="https://x.com/ryansadams/status/1915115437505049055">https://x.com/ryansadams/status/1915115437505049055</a> </p><p class="text-node">24:50 Bankless’s choices moving forward<br><a class="link" href="https://x.com/TrustlessState/status/1914312548897219006">https://x.com/TrustlessState/status/1914312548897219006</a> </p><p class="text-node">32:58 Markets since Ryan’s break</p><p class="text-node">40:35 Trump’s memecoin </p><p class="text-node">48:31 Bitcoin Strategic Reserve</p><p class="text-node">52:34 $LIBRA memecoin </p><p class="text-node">1:03:29 Contentcoins, Zora, & Jesse</p><p class="text-node">1:16:39 Ethereum pivot & Bitcoin decoupling </p><p class="text-node">1:18:18 Closing & Disclaimers</p><p class="text-node">------<br>Not financial or tax advice. See our investment disclosures here:<br><a class="link" href="https://www.bankless.com/disclosures">https://www.bankless.com/disclosures</a> </p>

<p class="text-node">In this episode, we unpack Paradigm’s groundbreaking 2025 report, “TradFi Tomorrow: DeFi and the Rise of Extensible Finance,” with Paradigm’s Dan Robinson and Justin Slaughter. </p><p class="text-node">We explore the stunning stat that 66% of traditional financial institutions are actively engaged with DeFi—and what that really means. From tokenization and stablecoins to regulatory clarity and decentralized exchanges, this conversation dives deep into how Wall Street is already integrating with crypto.
</p><p class="text-node">------
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<br>BANKLESS SPONSOR TOOLS:
</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi
<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> 
</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN
<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> 
</p><p class="text-node">🌐SELF | PROVE YOUR SELF
<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> 
</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK
<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> 
</p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP
<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> 
</p><p class="text-node">------
<br>TIMESTAMPS
</p><p class="text-node">0:00 Intro
<br>7:10 What Constitutes a TradFi Firm
<br>10:13 TradFi Firms with Defi
<br>12:16 What's Exciting about this Report?
<br>13:53 Stablecoins, Tokenization & More
<br>18:54 Public Blockchains & TradFi?
<br>21:05 “Tokenize The World” Moment?
<br>27:47 TradFi’s Long-Term Outlook
<br>33:19 The Formal Rejection of Private Blockchains
<br>38:31 What’s Left for Regulation &Compliance
<br>45:04 DeFi vs TradFi
<br>48:07 User Value 
<br>50:55 Closing & Disclaimers
</p><p class="text-node">------
<br>RESOURCES
</p><p class="text-node">Paradigm Report
<br><a class="link" href="https://www.paradigm.xyz/2025/03/tradfi-tomorrow-defi-and-the-rise-of-extensible-finance">https://www.paradigm.xyz/2025/03/tradfi-tomorrow-defi-and-the-rise-of-extensible-finance</a>
</p><p class="text-node">Dan Robinson
<br><a class="link" href="https://x.com/danrobinson">https://x.com/danrobinson</a>
</p><p class="text-node">Justin Slaughter
<br><a class="link" href="https://x.com/JBSDC">https://x.com/JBSDC</a>
</p><p class="text-node">Paradigm
<br><a class="link" href="https://x.com/paradigm">https://x.com/paradigm</a>
</p><p class="text-node">------
<br>Not financial or tax advice. See our investment disclosures here:
<br><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a> 
<br></p><p class="text-node">
</p><p class="text-node"></p>

<p class="text-node">Jon Charbonneau and Bread join David Hoffman to unpack Ethereum’s pivotal moment—facing tough choices to re-focus on its Layer 1.</p><p class="text-node">They break down Ethereum’s shift back toward prioritizing L1 growth, the delicate dance between Layer 1 and Layer 2 strategies, and why Ethereum must reclaim DeFi as its core strength. The conversation also explores the nuanced dynamics between Ethereum’s cultural vision and technical roadmap, how Layer 2s fit into Ethereum’s evolving ecosystem, and what this strategic recalibration means for Ethereum's future in a competitive crypto landscape.</p><p class="text-node">Jon Charbonneau: <a class="link" href="https://x.com/jon_charb">https://x.com/jon_charb</a> <br>Bread: <a class="link" href="https://x.com/0xBreadguy">https://x.com/0xBreadguy</a> <br><br>------</p><p class="text-node">📣 WALLET CONNECT | ONCHAIN UX ECOSYSTEM<br><a class="link" href="https://bankless.cc/WalletConnect">https://bankless.cc/WalletConnect</a> </p><p class="text-node"></p><p class="text-node">------<br>BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> </p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> </p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> </p><p class="text-node">🌐SELF | PROVE YOUR SELF<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> </p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> </p><p class="text-node">------<br>TIMESTAMPS & RESOURCES</p><p class="text-node">0:00 Intro</p><p class="text-node">5:28 Jon & Bread’s reaction to the Dankrad/Angsar episode<br><a class="link" href="https://www.bankless.com/podcast/ethereums-strategic-pivot-ansgar-dankrad-mike-ippolito">https://www.bankless.com/podcast/ethereums-strategic-pivot-ansgar-dankrad-mike-ippolito</a> <br><a class="link" href="https://x.com/TrustlessState/status/1914402754891559253">https://x.com/TrustlessState/status/1914402754891559253</a> <br><a class="link" href="https://x.com/TrustlessState/status/1914330497905299790">https://x.com/TrustlessState/status/1914330497905299790</a> </p><p class="text-node">27:56 Unichain or Ethereum L1 is DeFi? <br><a class="link" href="https://x.com/TrustlessState/status/1913633500206428201">https://x.com/TrustlessState/status/1913633500206428201</a> </p><p class="text-node">35:07 Making the L1 competitive while keeping L2s happy </p><p class="text-node">44:38 L2s Parasitic? </p><p class="text-node">48:49 Bitcoin Roadmap Bread vs. Jon</p><p class="text-node">57:09 Decline of the ETH price & all asset prices overpriced? </p><p class="text-node">1:05:02 ETH/BTC growth slowdown reason </p><p class="text-node">1:13:35 The politics side of the conversation </p><p class="text-node">1:19:05 What Bread & Jon are excited about </p><p class="text-node">1:26:49 Closing & Disclaimers</p><p class="text-node">------<br>Not financial or tax advice. See our investment disclosures here:<br><a class="link" href="https://www.bankless.com/disclosures">https://www.bankless.com/disclosures</a> <br></p>

<p class="text-node">Ethereum Foundation researchers Dankrad Feist and Ansgar Dietrichs join David Hoffman and Michael Ippolito to discuss Ethereum’s identity crisis—and how it’s turning the ship around.</p><p class="text-node">They break down Ethereum’s cultural and organizational challenges, the pivot toward L1 growth, and the evolving role of the Ethereum Foundation under new leadership. The conversation covers the future of base and native rollups, L2 alignment, and why Ethereum’s unique values still matter in a competitive landscape.</p><p class="text-node">------ <br>📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 <br><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a></p><p class="text-node">------ <br>BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi <br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a></p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN <br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a></p><p class="text-node">🌐SELF | PROVE YOUR SELF <br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a></p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK <br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a></p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP <br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a></p><p class="text-node">------ <br>TIMESTAMPS</p><p class="text-node">00:00:00 Intro <br>00:05:42 Top Problems with Ethereum <br>00:12:33 Lack of Growth in Ethereum Layer 1 <br>00:27:49 Ethereum’s Roadmap Dilemma <br>00:38:08 Layer 1 Scaling Progress <br>00:39:08 Ethereum L1’s Value Proposition to L2s <br>00:48:44 Base and Native Rollups Explained <br>00:57:25 Canonical EVM in a Rollup World <br>01:01:26 Vitalik’s Vision for L1 Scaling <br>01:05:59 ZK Scaling Becomes Real <br>01:08:12 Fast Block Times and DeFi <br>01:16:59 The Evolving Ethereum Core Culture <br>01:22:38 Other Interesting Changes <br>01:26:41 Ethereum’s Direction Feels Different Now <br>01:30:09 Closing and Disclosure</p><p class="text-node">------ <br>RESOURCES</p><p class="text-node">Dankrad Feist<br><a class="link" href="https://x.com/dankrad">https://x.com/dankrad</a></p><p class="text-node">Ansgar Dietrichs<br><a class="link" href="https://x.com/adietrichs">https://x.com/adietrichs</a></p><p class="text-node">Mike Ippolito <br><a class="link" href="https://x.com/MikeIppolito_">https://x.com/MikeIppolito_</a></p><p class="text-node">------<br>Not financial or tax advice. See our investment disclosures here:<br><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a></p>

This week, Bread joins David to unpack Ethereum’s surprising pivot back to Layer 1, as insiders push for a more pragmatic roadmap and faster block times. MegaETH’s 10ms testnet drops jaws and breaks dApps, while WalletConnect shocks the industry with a late-stage token launch. Meanwhile, Base stirs chaos with its “content coins,” OHM crashes $6B in hours, and Solana’s token wars heat up. Is Ethereum finally finding its focus — or just reacting to the noise? It’s a jam-packed Weekly Rollup you don’t want to miss. Bread: https://x.com/0xBreadguy MegaETH: https://x.com/megaeth_labs Modern Market: https://x.com/modernmarket_ ------ 📣 WALLET CONNECT | ONCHAIN UX ECOSYSTEM https://bankless.cc/WalletConnect ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ TIMESTAMPS & RESOURCES 0:00 Intro 1:20 Bread’s Arc 3:17 MegaETH & Testnet 8:46 Noise 13:31 Wen MegaETH Mainnet? 16:59 Ethereum Strategic Pivot? 39:25 Base Tokenized Content Drama 49:59 $OM Mantra Token Dump 59:28 Raydium’s LaunchLab 1:03:38 Bread’s Upcoming Excitement 1:04:31 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

OpenAI just rocked the week with a groundbreaking memory update, sparking debate over whether “soul data” is the real moat in AI. Google fires back with its Agent‑to‑Agent protocol and a Cursor‑killer. We riff on 1,000 AI agents unleashed in Minecraft, labs turning pets into humans, and how Dolphin AI somehow beat GTA 6 to market. Buckle up as David, Ejaaz, and Josh roll through the top five stories shaping the AI‑crypto frontier and what they mean for builders, traders, and the future of intelligence. David: https://x.com/TrustlessState Ejaaz: https://x.com/cryptopunk7213 Josh: https://x.com/Josh_Kale ------ 📣 WALLET CONNECT | ONCHAIN UX ECOSYSTEM https://bankless.cc/WalletConnect ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ TIMESTAMPS & RESOURCES 00:00:00 OpenAI’s HUGE Announcement https://x.com/openai/status/1910378774727623024?s=46 https://x.com/cryptopunk7213/status/1910728919113736380 00:10:23 The Final Data Set https://x.com/theannagat/status/1912209931073433907?s=46 https://x.com/nearcyan/status/1910796767626686951?s=46 https://x.com/dbarabander/status/1910402182589145411 00:16:10 Falling In Love With AI https://www.instagram.com/p/DHwWc6RiH2P/ 00:23:05 Open AI To Replace Apple 00:31:10 The All Knowing Intelligence 00:37:12 Agents Overtake Minecraft https://x.com/kimmonismus/status/1912415676331168147?s=46 00:44:50 Pets As Humans? https://x.com/venturetwins/status/1911113662607315035 00:46:18 We Can Talk To Dolphins https://blog.google/technology/ai/dolphingemma/ 00:48:33 Google Agent To Agent https://x.com/omarsar0/status/1909977142311690320?s=46 https://x.com/i/status/1912123283954389172 01:00:01 GPT 4.1 https://x.com/_mohansolo/status/1911843179898540311 https://x.com/openrouterai/status/1911803671878173114?s=46 https://x.com/kimmonismus/status/1912434791779017083?s=46 01:09:17 A New Model Architecture ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Donald Trump is attempting something no leader has done before—unwind the global economic order. In this episode, Financial Times columnist and CNN analyst Rana Foroohar joins us to unpack Trump’s economic strategy, the unraveling of Bretton Woods, and whether America is becoming an emerging market. From soaring bond yields to declining dollar strength, we explore what markets are signaling, how business leaders are reacting, and why this may mark the end of the neoliberal era. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🌐SELF | PROVE YOURSELF https://bankless.cc/Self 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ TIMESTAMPS 0:00 Intro 4:20 Trump Unwinding Global Order? 13:39 Emerging Market Paradigm 21:51 All-In Debate 26:22 Manufacturing Jobs 31:55 Trump Vibe Based President? 35:41 90-Day Tariff Pause Signal 38:41 Centralizing U.S. Supply Chain 40:54 Where Rana Finds Signal & Crypto 45:16 Closing & Disclaimers ------ RESOURCES Rana Foroohar https://x.com/RanaForoohar America the Unstable https://www.ft.com/content/e7a0af16-6ecf-4e04-8fa3-4de5646e8d58 The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein https://youtu.be/KcmMOZKnKAk?si=52ZULN6T_xyirh23 Stephen Miran’s A User's Guide to Restructuring the Global Trading System https://x.com/SteveMiran/status/1856745675943207362 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

<p class="text-node">Stablecoins are no longer a niche crypto curiosity—they're a full-blown financial revolution.</p><p class="text-node"> In this episode, Rob Hadick, General Partner at Dragonfly, joins us to unpack the emerging stablecoin tech stack and why cross-border payments, savings, and financial infrastructure are being rebuilt from the ground up. </p><p class="text-node">From Circle and Tether to next-gen orchestration layers and stablecoin-native blockchains, we explore why this $200 trillion global opportunity is only 5% unlocked—and who stands to win the most.</p><p class="text-node">------</p><p class="text-node">📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 </p><p class="text-node"><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node"><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> </p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node"><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> </p><p class="text-node">🌐SELF | PROVE YOUR SELF</p><p class="text-node"><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> </p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node"><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> </p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node"><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> </p><p class="text-node">------</p><p class="text-node">TIMESTAMPS</p><p class="text-node">0:00 Intro</p><p class="text-node">5:08 Why Stablecoins?</p><p class="text-node">6:50 The Stablecoin Train</p><p class="text-node">20:26 Stablecoin Network Effects</p><p class="text-node">22:55 Stablecoin Payments: Who Actually Wins?</p><p class="text-node">26:51 Orchestration Layers</p><p class="text-node">41:53 Stablecoin Blockchains</p><p class="text-node">52:53 Stablecoin Singularity</p><p class="text-node">56:03 Traditional Banks</p><p class="text-node">59:38 Non-USD Stablecoins</p><p class="text-node">1:02:05 How Many Stablecoins?</p><p class="text-node">1:05:03 Circle IPO</p><p class="text-node">1:09:32 Closing & Disclaimers</p><p class="text-node">------</p><p class="text-node">RESOURCES</p><p class="text-node">Rob Hadick</p><p class="text-node"><a class="link" href="https://x.com/hadickm">https://x.com/hadickm</a></p><p class="text-node">Stablecoin Payments: Who Actually Wins?</p><p class="text-node"><a class="link" href="https://medium.com/@HadickM/stablecoin-payments-who-actually-wins-ebd72a1cc8b3">https://medium.com/@HadickM/stablecoin-payments-who-actually-wins-ebd72a1cc8b3</a></p><p class="text-node">------</p><p class="text-node">Not financial or tax advice. See our investment disclosures here:</p><p class="text-node"><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a> </p>

<p class="text-node">This week, Haseeb Qureshi joins us to break down Trump’s explosive new tariffs that rocked global markets and triggered a full-blown trade war with China. Stocks whipsawed, recession odds spiked, and the world scrambled to the negotiation table — except China. Was it 3D chess or policy chaos? Plus, we explore the ripple effects on crypto markets, investor sentiment, and what this all means for the future of U.S. economic leadership. It's a jam-packed Weekly Rollup you don't want to miss.<br><br>Follow Haseeb on X:<br><a class="link" href="https://x.com/hosseeb">https://x.com/hosseeb</a> <br><br>------<br>📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24<br><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a><br><br>------<br>BANKLESS SPONSOR TOOLS:<br><br>🪙FRAX | SELF SUFFICIENT DeFi<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a><br><br>🦄UNISWAP | SWAP ON UNICHAIN<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a><br><br>🛞MANTLE | MODULAR LAYER 2 NETWORK<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a><br><br>🌐SELF | PROVE YOUR SELF<br><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a><br><br>🏦INFINEX | THE CRYPTO-EVERYTHING APP<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a><br><br>------<br>TIMESTAMPS & RESOURCES<br><br>0:00 Intro<br><br>0:44 What has happened since Liberation Day?<br><a class="link" href="https://x.com/tier10k/status/1910020421870637132">https://x.com/tier10k/status/1910020421870637132</a><br><a class="link" href="https://x.com/Birdyword/status/1910364014825070652">https://x.com/Birdyword/status/1910364014825070652</a><br><a class="link" href="https://polymarket.com/event/us-recession-in-2025">https://polymarket.com/event/us-recession-in-2025</a><br><br>31:17 Inflation <br><a class="link" href="https://x.com/intocryptoverse/status/1910311058222227586">https://x.com/intocryptoverse/status/1910311058222227586</a><br><br>41:49 Paul Atkins confirmed as the new SEC chair<br><a class="link" href="https://x.com/Cointelegraph/status/1910117967230300613">https://x.com/Cointelegraph/status/1910117967230300613</a><br><br>45:43 ETH/BTC Ratio & Crypto VC Funding <br><a class="link" href="https://x.com/pet3rpan_/status/1910345673288958052">https://x.com/pet3rpan_/status/1910345673288958052</a><br><br>58:36 MegaETH released its testnet<br><a class="link" href="https://x.com/megaeth_labs/status/1903099481874153880">https://x.com/megaeth_labs/status/1903099481874153880</a><br><a class="link" href="https://x.com/0xBreadguy/status/1909619744455741709">https://x.com/0xBreadguy/status/1909619744455741709</a><br><br>1:03:05 Closing & Disclosures <br><br>------<br>Not financial or tax advice. See our investment disclosures here:<br><a class="link" href="https://www.bankless.com/disclosures">https://www.bankless.com/disclosures</a></p>

<p class="text-node">Welcome to the AI Rollup, your weekly ride through the fast-paced world of artificial intelligence! This week, we’re joined by frontier tech enthusiast Josh Kale to unpack the drama around Meta’s controversial launch of Llama 4, scrutinized for potentially overstating its capabilities. We dive into “AI 2027,” a provocative roadmap predicting espionage, geopolitical turmoil, and runaway intelligence, and explore Shopify’s bold move making AI usage mandatory for employees. Plus, we cover Claude Education’s groundbreaking efforts to boost student performance with tailored AI tutors and a16z’s massive $20 billion AI startup fund aiming to shape the industry’s next era.</p><p class="text-node">------</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node">https://bankless.cc/Frax</p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node">https://bankless.cc/unichain</p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node">https://bankless.cc/Mantle</p><p class="text-node">🌐SELF | PROVE YOUR SELF</p><p class="text-node">https://bankless.cc/Self</p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node">https://bankless.cc/Infinex</p><p class="text-node">------</p><p class="text-node">TIMESTAMPS & RESOURCES</p><p class="text-node"></p><p class="text-node">00:00:00 AI Generated Tarriff’s</p><p class="text-node"></p><p class="text-node">00:03:58 Meta’s Huge New LLAMA 4 Announcement</p><p class="text-node">https://x.com/ahmad_al_dahle/status/1908595680828154198?s=46</p><p class="text-node">https://x.com/alexocheema/status/1908651942777397737?s=46</p><p class="text-node"></p><p class="text-node">00:11:54 Did Meta Cheat?</p><p class="text-node">https://x.com/Yuchenj_UW/status/1909061004207816960</p><p class="text-node">https://x.com/andrewallenxo/status/1909143884321481157</p><p class="text-node">https://x.com/ahmad_al_dahle/status/1909302532306092107?s=46</p><p class="text-node">https://www.lesswrong.com/posts/4mvphwx5pdsZLMmpY/recent-ai-model-progress-feels-mostly-like-bullshit</p><p class="text-node"></p><p class="text-node">00:20:45 AGI Is Coming in 2027</p><p class="text-node">https://ai-2027.com/</p><p class="text-node">https://situational-awareness.ai/</p><p class="text-node"></p><p class="text-node">00:28:02 What Happens After AGI</p><p class="text-node">https://ai-2027.com/</p><p class="text-node">https://situational-awareness.ai/</p><p class="text-node"></p><p class="text-node">00:39:58 Shopify And The Employment Crisis</p><p class="text-node">https://x.com/tobi/status/1909251946235437514</p><p class="text-node"></p><p class="text-node">00:48:34 The Future Of Education</p><p class="text-node">https://www.anthropic.com/news/introducing-claude-for-education</p><p class="text-node">https://x.com/jowettbrendan/status/1907695965726978184</p><p class="text-node">https://x.com/cryptopunk7213/status/1907969387958513727</p><p class="text-node">https://x.com/itsPaulAi/status/1907122207136137368</p><p class="text-node">https://www.foxnews.com/media/texas-private-schools-use-ai-tutor-rockets-student-test-scores-top-2-country</p><p class="text-node"></p><p class="text-node">00:59:55 How Much Does AI Know About You</p><p class="text-node"></p><p class="text-node">01:04:58 A16Z’s $30B Fund</p><p class="text-node">https://x.com/tkexpress11/status/1909626333711548526</p><p class="text-node"><a class="link" href="https://www.reuters.com/business/finance/andreessen-horowitz-seeks-raise-20-billion-megafund-amid-global-interest-us-ai-2025-04-08/">https://www.reuters.com/business/finance/andreessen-horowitz-seeks-raise-20-billion-megafund-amid-global-interest-us-ai-2025-04-08/</a></p><p class="text-node"></p><p class="text-node">------</p><p class="text-node">Not financial or tax advice. See our investment disclosures here:</p><p class=&#34

<p class="text-node">We’ve got the team behind Etherealize on the show today—Vivek Raman and Danny Ryan—to discuss their mission to onboard institutions, governments, and capital markets to Ethereum.</p><p class="text-node">We explore how Ethereum is “open for business” with L2 scaling, modular architecture, and a maturing regulatory landscape. The Etherealize team breaks down their dual structure—a for-profit consulting and product arm alongside a nonprofit focused on R&D and policy—to drive institutional adoption.</p><p class="text-node">------</p><p class="text-node">📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 </p><p class="text-node"><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node"><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> </p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node"><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> </p><p class="text-node">🌐SELF | PROVE YOUR SELF</p><p class="text-node"><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> </p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node"><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> </p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node"><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> </p><p class="text-node">------</p><p class="text-node">TIMESTAMPS</p><p class="text-node">00:00:00 Intro</p><p class="text-node">00:07:12 Etherealize & Its Mission</p><p class="text-node">00:15:29 Clients & Finances</p><p class="text-node">00:20:17 Relation Between Ethereum Foundation & Etherealize</p><p class="text-node">00:21:31 Etherealize's Funding</p><p class="text-node">00:22:43 Etherealize's Competitions</p><p class="text-node">00:26:02 Challenges & Roadblocks</p><p class="text-node">00:28:15 What Success Looks Like for Etherealize</p><p class="text-node">00:29:56 Etherealize's Co-Founders</p><p class="text-node">00:31:10 Ethereum’s Upcoming Era</p><p class="text-node">00:40:20 What Makes Ethereum Special</p><p class="text-node">00:46:00 Political Effect on Ethereum</p><p class="text-node">00:51:33 Community Support</p><p class="text-node">00:54:51 Layer 1 & Etherealize</p><p class="text-node">00:58:36 Hypothetical Scenarios with Ethereum</p><p class="text-node">01:01:50 What’s Next for Etherealize</p><p class="text-node">01:04:47 Some Unturned Stones</p><p class="text-node">01:07:32 Closing & Disclosures</p><p class="text-node">------</p><p class="text-node">RESOURCES</p><p class="text-node">Etherealize</p><p class="text-node"><a class="link" href="https://www.etherealize.com">https://www.etherealize.com</a></p><p class="text-node">Vivek Raman</p><p class="text-node"><a class="link" href="https://x.com/VivekVentures">https://x.com/VivekVentures</a></p><p class="text-node">Danny Ryan</p><p class="text-node"><a class="link" href="https://x.com/dannyryan">https://x.com/dannyryan</a></p><p class="text-node">------</p><p class="text-node">Not financial or tax advice. See our investment disclosures here:</p><p class="text-node"><a class="link" href="https://www.bankless.com/disclosures⁠">https://www.bankless.com/disclosures⁠</a> </p>

<p class="text-node">This week, Alex Thorn joins us to unpack Trump's shocking tariff announcement that sent markets plunging and investors scrambling. Circle files for its IPO, revealing surprising financials, while the FDIC gives banks the crypto green light. CoreWeave debuts with a blockbuster IPO, and Eric Trump dives deeper into Bitcoin mining. We cover all this chaos and more in this week’s Weekly Rollup. <br></p><p class="text-node">Follow Alex on X & check out his Galaxy Brains podcast: <br><a class="link" href="https://x.com/intangiblecoins">https://x.com/intangiblecoins</a><br><a class="link" href="https://www.galaxy.com/insights/podcasts/galaxy-brains/">https://www.galaxy.com/insights/podcasts/galaxy-brains/</a> <br><br>------<br>📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 <br><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a></p><p class="text-node"></p><p class="text-node">------<br>BANKLESS SPONSOR TOOLS:<br></p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi<br><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a><br><br>🦄UNISWAP | SWAP ON UNICHAIN<br><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a><br><br>🛞MANTLE | MODULAR LAYER 2 NETWORK<br><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a></p><p class="text-node"><br>🌐CELO | BUILD TOGETHER AND PROSPER<br><a class="link" href="https://bankless.cc/Celo">https://bankless.cc/Celo</a></p><p class="text-node"><br>🏦INFINEX | THE CRYPTO-EVERYTHING APP<br><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a></p><p class="text-node"></p><p class="text-node">------<br>TIMESTAMPS & RESOURCES</p><p class="text-node">0:00 Intro</p><p class="text-node">0:29 Trump’s Reciprocal Tariffs</p><p class="text-node"><a class="link" href="https://x.com/kobeissiletter/status/1907556839686054240">https://x.com/kobeissiletter/status/1907556839686054240</a></p><p class="text-node"><a class="link" href="https://x.com/WhiteHouse/status/1907533090559324204">https://x.com/WhiteHouse/status/1907533090559324204</a> </p><p class="text-node"><a class="link" href="https://x.com/CalltoActivism/status/1907549193650188469">https://x.com/CalltoActivism/status/1907549193650188469</a> </p><p class="text-node"><a class="link" href="https://x.com/notlouisck/status/1907657906117554278">https://x.com/notlouisck/status/1907657906117554278</a></p><p class="text-node"><a class="link" href="https://x.com/JamesSurowiecki/status/1907559189234196942">https://x.com/JamesSurowiecki/status/1907559189234196942</a></p><p class="text-node"><a class="link" href="https://x.com/KushDesai47/status/1907618136444067901">https://x.com/KushDesai47/status/1907618136444067901</a></p><p class="text-node"><a class="link" href="https://x.com/TrustlessState/status/1907769359621067017">https://x.com/TrustlessState/status/1907769359621067017</a></p><p class="text-node"><br>36:53 Circle Files for IPO </p><p class="text-node"><a class="link" href="https://x.com/Cointelegraph/status/1907172102353924269">https://x.com/Cointelegraph/status/1907172102353924269</a></p><p class="text-node"><a class="link" href="https://x.com/g_djuric/status/1907200843289370910">https://x.com/g_djuric/status/1907200843289370910</a></p><p class="text-node"><a class="link" href="https://x.com/Nick_van_Eck/status/1907181670504993026">https://x.com/Nick_van_Eck/status/1907181670504993026</a></p><p class="text-node"><a class="link" href="https://x.com/TheOneandOmsy/status/1907229821043626100">https://x.com/TheOneandOmsy/status/1907229821043626100</a></p><p class="text-node"><a class="link" href="https://polymarket.com/event/circle-ipo-in-2025?tid=1743435443834">https://polymarket.com/event/circle-ipo-in-2025?tid=1

AI heats up, markets shake, and the internet gets Ghbilified. OpenAI hits 1M users in 60 minutes, CoreWeave IPO rocks NASDAQ, and XAI acquires X. A new “world’s best” model quietly drops—did Google just take the lead? Cursor raises at a $9.6B valuation as “vibecoding” enters the mainstream. Welcome back to another week of the AI Rollup. ------ 📣CRYPTO TAX CALCULATOR | TAXES MADE EASY https://bankless.cc/Cryptotaxcalculator ------ 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ TIMESTAMPS & RESOURCES 00:00:00 The Ghibli Effect https://x.com/alifarhat79/status/1904884015858884884 https://x.com/unusual_whales/status/1906831621166440583 00:05:09 Coreweave IPO https://www.ft.com/content/519006a9-82c6-4939-afa1-58921a399105 https://www.cnbc.com/2025/04/01/coreweave-shares-bounce-ipo-price.html https://x.com/TheStalwart/status/1907438208662552647 00:14:28 xAI Acquires X https://x.com/elonmusk/status/1905731750275510312?s=46 00:20:02 Grok's Telegram Integration 00:24:38 New Best Model Has Arrived https://x.com/bookwormengr/status/1905050740110090429?s=46 https://x.com/gfodor/status/1904980153329242147?s=46 00:32:09 Cursor And The Vibe Coding Explosion https://x.com/ArfurRock/status/1906768733135098360 00:39:02 AI Crypto Trend Update https://x.com/defi0xjeff/status/1904154090424402163?s=46 00:45:47 BillyBets March Madness https://x.com/playprophetx/status/1899535745435742608?s=46 https://x.com/bunchubets/status/1904224002123473294?s=46 00:56:51 Olas https://olas.network/ 01:01:32 Vana https://x.com/anna_kazlauskas/status/1905414468315549737?s=46 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

<p class="text-node">Felipe Montealegre, co-founder of Thea Capital, joins us to unpack a new vision for global finance—what he calls the Internet Financial System. </p><p class="text-node"><br></p><p class="text-node">Felipe makes the case that today's financial world still runs on siloed, permissioned databases—slow, expensive, and riddled with gatekeepers. But blockchains and smart contracts offer something radically different: a unified, open system where capital can move efficiently across borders and property rights are stronger than ever. </p><p class="text-node"><br></p><p class="text-node">This episode is a must-listen for anyone wondering how crypto is building the financial infrastructure of the 21st century.</p><p class="text-node"><br></p><p class="text-node">------<br>📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 </p><p class="text-node"><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a></p><p class="text-node"><br></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node"><br></p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node"><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a> </p><p class="text-node"><br></p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node"><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a> </p><p class="text-node"><br></p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node"><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a> </p><p class="text-node"><br></p><p class="text-node">🌐SELF | PROVE YOUR SELF</p><p class="text-node"><a class="link" href="https://bankless.cc/Self">https://bankless.cc/Self</a> </p><p class="text-node"><br></p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node"><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a> <br><br></p><p class="text-node">------</p><p class="text-node">TIMESTAMPS</p><p class="text-node"><br></p><p class="text-node">0:00 Intro</p><p class="text-node">5:29 Internet Financial Systems</p><p class="text-node">12:03 Frictions in Financial Systems</p><p class="text-node">20:33 Innovations in Internet Financial Systems</p><p class="text-node">28:42 Server with Laws</p><p class="text-node">40:02 Incompatibilities within Systems</p><p class="text-node">50:17 Absence of Financial Laws</p><p class="text-node">57:34 Potential of Finance in Crypto</p><p class="text-node">1:09:59 Server Compatibility with Governments</p><p class="text-node">1:16:18 Different Laws for Investing in Crypto</p><p class="text-node">1:26:26 Building Protocols </p><p class="text-node">1:29:52 Closing & Disclaimers</p><p class="text-node"><br></p><p class="text-node">------<br>RESOURCES</p><p class="text-node"><br></p><p class="text-node">Felipe Montealegre </p><p class="text-node"><a class="link" href="https://x.com/TheiaResearch">https://x.com/TheiaResearch</a></p><p class="text-node"><br></p><p class="text-node">Internet Finance</p><p class="text-node"><a class="link" href="https://x.com/TheiaResearch/status/1876618725547233417">https://x.com/TheiaResearch/status/1876618725547233417</a></p><p class="text-node"><br></p><p class="text-node">------</p><p class="text-node">Not financial or tax advice. See our investment disclosures here:</p><p class="text-node"><a class="link" href="h

<p class="text-node">Robinhood CEO Vlad Tenev returns to Bankless for a wide-ranging conversation on the future of tokenization, crypto regulation, and Robinhood’s evolving product suite. </p><p class="text-node"><br></p><p class="text-node">Vlad lays out a bold vision for bringing tokenized assets like SpaceX and OpenAI equity to retail investors, discusses the role of prediction markets as "truth machines," and introduces Robinhood's latest products: Strategies, Cortex, and Banking. </p><p class="text-node"><br></p><p class="text-node">This one’s a big glimpse into where TradFi and DeFi collide.</p><p class="text-node"><br></p><p class="text-node">------<br>📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 </p><p class="text-node">https://bankless.cc/spotify-premium</p><p class="text-node"><br></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node"><br></p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node">https://bankless.cc/Frax</p><p class="text-node"><br></p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node">https://bankless.cc/unichain</p><p class="text-node"><br></p><p class="text-node">⚖️ARBITRUM | SCALING ETHEREUM</p><p class="text-node">⁠https://bankless.cc/Arbitrum</p><p class="text-node"><br></p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node">https://bankless.cc/Mantle</p><p class="text-node"><br></p><p class="text-node">🌐CELO | BUILD TOGETHER AND PROSPER</p><p class="text-node">https://bankless.cc/Celo</p><p class="text-node"><br></p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node">https://bankless.cc/Infinex </p><p class="text-node"></p><p class="text-node">-----</p><p class="text-node">✨ Mint the episode on Zora ✨</p><p class="text-node"><a class="link" href="https://zora.co/coin/base:0xa77995768d39c157180262d352f86f39ac1b3fbd?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E">https://zora.co/coin/base:0xa77995768d39c157180262d352f86f39ac1b3fbd?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E</a><br></p><p class="text-node">------</p><p class="text-node">TIMESTAMPS</p><p class="text-node"><br></p><p class="text-node">0:00 Intro</p><p class="text-node">5:54 New Administration</p><p class="text-node">12:19 Tokenization</p><p class="text-node">16:18 Tokenized SpaceX</p><p class="text-node">18:12 An IPO Alternative</p><p class="text-node">23:39 Prediction Markets</p><p class="text-node">25:40 Kalshi</p><p class="text-node">29:58 Future of Prediction Markets</p><p class="text-node">35:58 Robinhood Banking</p><p class="text-node">38:27 Robinhood Cortex</p><p class="text-node">44:08 Robinhood Strategies</p><p class="text-node">49:04 Cash Delivery</p><p class="text-node">52:10 Crypto Listings</p><p class="text-node">54:37 Why Distinct Apps?</p><p class="text-node">56:32 How Bankless is Robinhood?</p><p class="text-node">1:00:42 Closing Thoughts</p><p class="text-node"><br></p><p class="text-node">------<br>RESOURCES</p><p class="text-node"><br></p><p class="text-node">Vlad Tenev</p><p class="text-node">https://x.com/vladtenev </p><p class="text-node"><br></p><p class="text-node">Robinhood<br>https://robinhood.com/</p><p class="text-node"><br></p><p class="text-node">Washington Post Op-ed</p><p class="text-node">https://www.washingtonpost.com/opinions/2025/01/28/investing-crypto-tech-robinhood-stock-market/ <br></p><p class="text-node">------</p><p class="text-node">Not financia

<p class="text-node">This week, Mike Ippolito joins us to break down crypto’s big flip as institutions rush into stablecoins—triggering excitement and anxiety alike. Hyperliquid faces drama after a high-stakes market manipulation attack, BlackRock's tokenized treasuries surge to nearly $2 billion, and the U.S. Treasury finally removes Tornado Cash from its sanctions list. Meanwhile, Robinhood enters banking, raising questions about DeFi’s future. We dive into all of this and so much more.</p><p class="text-node"><br></p><p class="text-node">Follow Mike on X & Checkout Bell Curve: </p><p class="text-node"><a class="link" href="https://x.com/MikeIppolito_">https://x.com/MikeIppolito_</a></p><p class="text-node"><a class="link" href="https://www.youtube.com/@bellcurvepodcast/videos">https://www.youtube.com/@bellcurvepodcast/videos</a> </p><p class="text-node"></p><p class="text-node">------</p><p class="text-node">📣CRYPTO TAX CALCULATOR | TAXES MADE EASY</p><p class="text-node"><a class="link" href="https://bankless.cc/Cryptotaxcalculator">https://bankless.cc/Cryptotaxcalculator</a></p><p class="text-node"></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node"><br></p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node"><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a></p><p class="text-node"><br></p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node"><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a></p><p class="text-node"><br></p><p class="text-node">⚖️ARBITRUM | SCALING ETHEREUM</p><p class="text-node">⁠<a class="link" href="https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a></p><p class="text-node"><br></p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node"><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a></p><p class="text-node"><br></p><p class="text-node">🌐CELO | BUILD TOGETHER AND PROSPER</p><p class="text-node"><a class="link" href="https://bankless.cc/Celo">https://bankless.cc/Celo</a></p><p class="text-node"><br></p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node"><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a></p><p class="text-node"><br></p><p class="text-node">-----</p><p class="text-node">✨ Mint the episode on Zora ✨</p><p class="text-node"><a class="link" href="https://zora.co/coin/base:0xe36312b13decbe5af463aaf188a510b69f28ce7e">https://zora.co/coin/base:0xe36312b13decbe5af463aaf188a510b69f28ce7e</a></p><p class="text-node"><br></p><p class="text-node">------</p><p class="text-node">TIMESTAMPS & RESOURCES</p><p class="text-node"><br></p><p class="text-node">0:00 Intro</p><p class="text-node"><br></p><p class="text-node">0:56 Blockworks DAS Week Recap</p><p class="text-node"><br></p><p class="text-node">6:45 Saylor’s Strategy bought more Bitcoin</p><p class="text-node"><a class="link" href="https://x.com/WatcherGuru/status/1904155021781901741">https://x.com/WatcherGuru/status/1904155021781901741</a></p><p class="text-node"><a class="link" href="https://x.com/SaylorBuysBTC/status/1904631210887836142">https://x.com/SaylorBuysBTC/status/1904631210887836142</a></p><p class="text-node"><br></p><p class="text-node">12:33 Stablecoin Gold Rush<br><a class="link" href="https://x.com/TrustlessState/status/1905219932612178237">https://x.com/TrustlessState/status/1905219932612178237</a></p><p class="text-node&#

Alon, co-founder of Pump.Fun, joins us to discuss the meteoric rise of their token launchpad platform, the controversial yet impactful role of memecoins in crypto, and the vision behind their newest product, PumpSwap. We dive deep into the cultural influence, sustainability mechanisms, and future possibilities for the memecoin launchpad ecosystem. Alon on X: https://x.com/a1lon9 ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ ✨ Mint the episode on Zora ✨ https://zora.co/coin/base:0x593367264faf6cdc105addb55036733e4e63fdf9?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E ------ TIMESTAMPS 0:00 Intro 7:09 Pump.Fun Inception 13:46 Post-Launch Pump.Fun 19:09 Pump.Fun’s Impact on Memecoins 23:25 Making Memecoins Less Extractive 28:32 Pump.Fun 4Chan Aesthetic 36:57 Pump.Fun Moderation 47:37 Pump.Fun’s Success 50:52 PumpSwap 59:12 Creator Revenue Sharing 1:02:09 Pump.Fun vs Radium 1:05:41 Pump.Fun’s Social Elements 1:08:19 Content, Attention & Markets 1:10:56 Future of Memecoins 1:13:11 Are Memecoins Evil? 1:17:44 Pump.Fun’s Mission 1:20:17 Why Pump.Fun x Bankless 1:22:06 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

<p class="text-node">We’re joined by Tim Beiko, Ethereum Foundation coordinator, to break down Ethereum’s next major upgrades and the future of scaling.</p><p class="text-node">We explore the upcoming Petra hard fork, which introduces validator consolidation, increased blob space for rollups, and EIP-7702 for improved account abstraction. Tim also shares insights on Fusaka and Glacier Dam, Ethereum’s roadmap for scaling, and how Ethereum’s upgrade process is becoming more efficient.</p><p class="text-node">------</p><p class="text-node">📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24</p><p class="text-node"><a class="link" href="https://bankless.cc/spotify-premium">https://bankless.cc/spotify-premium</a></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node"><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a></p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node"><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a></p><p class="text-node">⚖️ARBITRUM | SCALING ETHEREUM</p><p class="text-node">⁠<a class="link" href="https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a></p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node"><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a></p><p class="text-node">🌐CELO | BUILD TOGETHER AND PROSPER</p><p class="text-node"><a class="link" href="https://bankless.cc/Celo">https://bankless.cc/Celo</a></p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node"><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a></p><p class="text-node">-----</p><p class="text-node">✨ Mint the episode on Zora ✨</p><p class="text-node"><a class="link" href="https://zora.co/coin/base:0x0d142a1a30adcbc06c3c2a537d2cd1a9b7901c35?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E">https://zora.co/coin/base:0x0d142a1a30adcbc06c3c2a537d2cd1a9b7901c35?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E</a></p><p class="text-node">------</p><p class="text-node">TIMESTAMPS</p><p class="text-node">0:00 Intro</p><p class="text-node">5:43 Current State of EIPs & ETH Hard Forks</p><p class="text-node">8:01 Why Security Is So Important</p><p class="text-node">12:43 Naming Conventions of ETH Hard Forks</p><p class="text-node">13:55 Pectra Upgrade & Its Effects</p><p class="text-node">16:15 Maxeb Upgrade & Its Effects</p><p class="text-node">24:29 Hard Forks, Bandwidth & Scaling</p><p class="text-node">28:51 Other Updates Regarding Pectra</p><p class="text-node">31:40 EOAs & Smart Contract Wallets</p><p class="text-node">36:17 Smart Contract Wallets' Effect on Layer 2</p><p class="text-node">43:15 Timeline of Fusaka & Glamsterdam</p><p class="text-node">48:09 Vitalik's Tweet on Fusaka</p><p class="text-node">51:15 Alcore Devs' Plans</p><p class="text-node">54:25 What's EOF</p><p class="text-node">59:18 Other Updates Regarding Fusaka</p><p class="text-node">1:00:41 Uncertainty Regarding Glamsterdam</p><p class="text-node">1:02:18 ETH's Slowness & Developers</p><p class="text-node">1:05:19 Misconceptions Around ETH</p><p class="text-node">1:07:32 Scaling the Layer 1</p><p class="text-node">1:14:52 Summer of Protocols</p><p class="text-node">1:18:13 Closing & Disclaimers</p><p class="text-node">------</p><p class="text-node">RESOURCES</p><p class="text-node">Tim Beiko</p><p class="text-node"><a class="link" href="https://x.com/TimBeiko">https://x.com/TimBeiko</a></p><p class="text-node">Ethereum Roadmap &

<p class="text-node">This week, Anthony Sassano joins us to unpack Solana’s most controversial governance vote yet, Ethereum’s major leadership overhaul, and crypto markets wrestling with macro chaos despite promising policy shifts. Kraken makes waves with a massive $1.5B acquisition—but will it move the needle? We dive into all of this and so much more.</p><p class="text-node"><br></p><p class="text-node">Follow Anthony on X: <a class="link" href="https://x.com/sassal0x">https://x.com/sassal0x</a></p><p class="text-node"></p><p class="text-node">------</p><p class="text-node">📣 RONIN WALLET | YOUR WEB3 GAMING ECOSYSTEM </p><p class="text-node"><a class="link" href="https://bankless.cc/Ronin_Wallet">https://bankless.cc/Ronin_Wallet</a></p><p class="text-node"></p><p class="text-node"><br></p><p class="text-node">------</p><p class="text-node">BANKLESS SPONSOR TOOLS:</p><p class="text-node"><br></p><p class="text-node">🪙FRAX | SELF SUFFICIENT DeFi</p><p class="text-node"><a class="link" href="https://bankless.cc/Frax">https://bankless.cc/Frax</a></p><p class="text-node"><br></p><p class="text-node">🦄UNISWAP | SWAP ON UNICHAIN</p><p class="text-node"><a class="link" href="https://bankless.cc/unichain">https://bankless.cc/unichain</a></p><p class="text-node"><br></p><p class="text-node">⚖️ARBITRUM | SCALING ETHEREUM</p><p class="text-node">⁠<a class="link" href="https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a></p><p class="text-node"><br></p><p class="text-node">🛞MANTLE | MODULAR LAYER 2 NETWORK</p><p class="text-node"><a class="link" href="https://bankless.cc/Mantle">https://bankless.cc/Mantle</a></p><p class="text-node"><br></p><p class="text-node">🌐CELO | BUILD TOGETHER AND PROSPER</p><p class="text-node"><a class="link" href="https://bankless.cc/Celo">https://bankless.cc/Celo</a></p><p class="text-node"><br></p><p class="text-node">🏦INFINEX | THE CRYPTO-EVERYTHING APP</p><p class="text-node"><a class="link" href="https://bankless.cc/Infinex">https://bankless.cc/Infinex</a></p><p class="text-node"><br></p><p class="text-node">-----</p><p class="text-node">✨ Mint the episode on Zora ✨</p><p class="text-node"><a class="link" href="https://zora.co/coin/base:0xab88c7d76226cf4251bae07e74aa0d8877b6136a">https://zora.co/coin/base:0xab88c7d76226cf4251bae07e74aa0d8877b6136a</a></p><p class="text-node"><br></p><p class="text-node">------</p><p class="text-node">TIMESTAMPS & RESOURCES</p><p class="text-node"> </p><p class="text-node">0:00 Intro</p><p class="text-node"><br></p><p class="text-node">1:39 Anthony’s Crypto Vibe Check</p><p class="text-node"><br></p><p class="text-node">5:56 Markets</p><p class="text-node"><a class="link" href="https://www.cnbc.com/2025/03/19/fed-meeting-live-updates.html">https://www.cnbc.com/2025/03/19/fed-meeting-live-updates.html</a></p><p class="text-node"><br></p><p class="text-node">12:27 Ethena and Securitize launched a new chain</p><p class="text-node"><a class="link" href="https://x.com/ethena_labs/status/1901672646015856749">https://x.com/ethena_labs/status/1901672646015856749</a></p><p class="text-node"><a class="link" href="https://x.com/coinbase/status/1902031828912844992">https://x.com/coinbase/status/1902031828912844992</a></p><p class="text-node"><br></p><p class="text-node">28:13 Robinhood launched their prediction market with Kalshi</p><p class="text-node"><a class="link" href="https://x.com/Kalshi/status/1901634303768883377">https://x.com/Kalshi/status/1901634303768883377</a></p><p class="text-node&