Ryan Sean Adams+

Tom Lee: Crypto Could Get as Big as AI

Why Crypto Could Outgrow AI Itself⁣ ⁣ Machine-to-machine payments don't need traditional finance rails, they need something faster and permissionless.⁣ ⁣ "The AI world and an agentic world... probably sees a lot less value in traditional financial settlement rails."⁣ ⁣ Microtransactions, taxation, real-world instructions, all running on blockchain instead of centralized systems.⁣ ⁣ "Why even, that's actually much more complicated than running these things on blockchain rails."⁣ ⁣ If AI is already a $10T economy heading toward $100T:⁣ ⁣ "Is crypto gonna be stuck at $1.5T? I'm highly, highly dou

Tom Lee: BitMine's 9.5% Preferred Is a Cheap 3-Year ETH Call Option

Why BitMine’s 9.5% Preferred Is Secretly a Cheap ETH Call Option⁣ ⁣ A 9.5% preferred sounds expensive. It’s actually the opposite.⁣ ⁣ “If you wanted to buy a three year call on Ethereum… your option premium would be close to a 100%.”⁣ ⁣ BitMine isn’t issuing stock, they’re using BMNR preferred to buy ETH outright — structurally the same as owning that call option.⁣ ⁣ “It’s costing us nine and a half percent a year. It’s a really cheap call option to acquire ETH.” 🎬

Tom Lee: AI Doesn't Kill Crypto, It Makes It More Important

Why AI Makes Crypto MORE Important, Not Less⁣ ⁣ Everyone thinks crypto is uninvestable while AI sucks up all the oxygen.⁣ ⁣ “Can you imagine going to a meeting and one person wants to talk about AI stocks and the other guy wants to talk about apartment housing?”⁣ ⁣ But the downstream story is where the money gets made or missed.⁣ ⁣ “Many people thought software was dead… it’s actually a downstream story to AI.”⁣ ⁣ Same logic applies to crypto.⁣ ⁣ “The stronger AI gets, it doesn’t make crypto less relevant. The more AI evolves, the more important crypto is.” 🎬⁣ ⁣ #AI #Crypto #Bitcoin #Investin

ETH Flipping Bitcoin Would Make BitMine Shareholders "Legendary"

Tom Lee says an ETH flip of Bitcoin is “a very plausible argument.”⁣ ⁣ At roughly 15,000 ETH, that's a 10x for BitMine shareholders from here, around $180 a share.⁣ ⁣ “Shouldn't Bitcoin go up a lot? And shouldn't the TAM of tokenization and AI mean Ethereum's network value should be much, much higher?”⁣ ⁣ If ETH caps at 50,000 or 100,000 or even 200,000, Lee says the returns to shareholders are “gonna be legendary.” 🎬⁣ ⁣ #TomLee #Ethereum #BitMine #ETH #Bitcoin #Crypto #CryptoNews #Web3 #Tokenization #Bankless

Coinbase Launches Tokenized Stocks on Base

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- The stock market is coming onchain. Jesse Pollak joins David to unpack Coinbase Tokenized Stocks, a new push to bring one-to-one equities onto Base with 24/7 trading, dividends, governance rights and permissionless onchain composability. They explore what happens when stocks plug directly into DeFi, why borrowing and lending may matter more than trading itself, how neobanks could evolve into global brokerages, and Jesse’s bigger vision for Base as the financial backend for stocks, payments, credit and loc

Tom Lee: Ethereum Could "Easily" Top $10,000

Tom Lee says Ethereum “could easily be over $10,000” in the next 1-2 years.⁣ ⁣ Stablecoins already pushed ETH to $5,000.⁣ ⁣ Now layer in Wall Street tokenizing assets on Ethereum, AI demand for crypto, and a fresh bull cycle.⁣ ⁣ “Just being in a new bull cycle means Ethereum should be above 5,000.”⁣ ⁣ So what happens when you add Wall Street and AI on top? 🎬⁣ ⁣ #Ethereum #ETH #TomLee #Crypto #BitMine #Bitcoin #Tokenization #AI #Web3 #CryptoNews

Tom Lee Is a Better Michael Saylor Than Michael Saylor

Tom Lee is running Bitmine like he actually respects his shareholders.⁣ ⁣ Michael Saylor built the DAT playbook, but the hot take is his own equity gets treated like an afterthought.⁣ ⁣ “Tom Lee is a measured, moderate, balanced, reasonable leader of Bitmine.”⁣ ⁣ Saylor: “classic steak eating Bitcoin Maxi, laser eyed Maxi who’s a little bit too aggressive.”⁣ ⁣ The call: BMNR outperforms MSTR from here.⁣ ⁣ That’s a bet on ETH beating BTC, dressed up as a bet on leadership style.⁣ ⁣ “Michael Saylor disrespects his equity like none other.” 🎬⁣ ⁣ #Bitmine #MicroStrategy #Bitcoin #Ethereum #CryptoN

Trump Pumped Hyperliquid at the White House

ETH up 14% in a day and a half, and it wasn’t just hype.⁣ ⁣ Treasury announces QE, Trump name-drops Hyperliquid at a White House event, and suddenly every short on ETH is getting liquidated at once.⁣ ⁣ “The White House just blew out people’s shorts.”⁣ ⁣ EtherFi up 38%, Pump.fun up 28% on the week, Hyperliquid up 25%, but ETH takes the crown as biggest winner because of how violent the squeeze was.⁣ ⁣ “There have been bullish catalysts for the last like eight days.” This was just the day it all broke loose.⁣ ⁣ #Ethereum #Crypto #Hyperliquid #Trump #CryptoNews

BitMine Is About to Own 5% of ETH | Tom Lee

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BitMine is within reach of owning 5% of ETH after more than 60 consecutive weeks of purchases, and Tom Lee believes the larger Ethereum trade may only be beginning. He joins David to explain how BitMine accumulated nearly 5% without debt, why it sometimes chooses stock buybacks over additional ETH, what happens when the target is reached, and whether the company would ever sell. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑BITKEY | GET 10% OFF U

Why Crypto Just Exploded

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Crypto just had one of its biggest breakout days in years. Ryan and David unpack the Treasury’s QE-like move, the White House and SEC’s crypto push, ETH’s violent rebound, and whether this rally finally broke the back of the bear market. --- BANKLESS SPONSOR TOOLS: 🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑 BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey 📊 BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯 THE DEFI

140 Million Renters Are Praying for a Housing Crash

Jim Bianco breaks down the housing market’s split personality: 180 million homeowners want prices climbing, 140 million renters are stuck praying for a crash.⁣ ⁣ “Affordability is a big problem.”⁣ ⁣ High mortgage rates haven’t stopped home prices from hitting all time highs, they just keep grinding higher.⁣ ⁣ “If we get higher mortgage rates and home prices stall, there’s gonna be a lot of homeowners very mad about it.”⁣ ⁣ But for the renters on the outside looking in, a stall could be the first real shot at getting in the door.⁣ ⁣ #Housing #RealEstate #Renters #MortgageRates #Economy

Ethereum Has an Issuance Problem

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Ethereum may be paying too much to secure itself, and the consequences could extend far beyond a little extra ETH issuance. Jerome de Tychey, co-author of EIP-8363, and Sam Jernigan join David Hoffman to make the case for stake targeting, a proposal designed to stop Ethereum’s staking ratio from climbing indefinitely. They debate what happens if more than half of ETH becomes staked, whether today’s issuance threatens credible neutrality, why staking may be crowding out DeFi, what lower rewards could mean

AI Buildout Looks Like the 2000 Dot-Com Bubble

Jim Bianco says AI is starting to look a lot like the internet in 2000.⁣ ⁣ Back then, Global Crossing laid 100,000 miles of fiber optic cable. Most of it sat dark, unused.⁣ ⁣ “We thought that the demand for the internet was infinite. We overdid it.”⁣ ⁣ Sound familiar?⁣ ⁣ The Nasdaq fell 83% from 2000 to 2002 before the survivors (Google, Amazon, Meta) built the real, sustainable path up.⁣ ⁣ “We’ll overdo this with AI and we’ll have a massive correction.”⁣ ⁣ The tech still wins long term. The road there might not be pretty.🎬

Crypto Should Stop Begging Washington for Permission

Jim Bianco says crypto gave up on its own strength to go chase Washington's approval.⁣ ⁣ "You're on bended knee at Washington asking for permission... instead of trying to build an alternative financial system."⁣ ⁣ His point: stop lobbying for the Clarity Act and start building for the billion+ people living under broken currencies.⁣ ⁣ In Venezuela, nobody's converting bolivars to dollars at a bank.⁣ ⁣ "It's probably to a crypto exchange to exchange it to tether."⁣ ⁣ Same story in Afghanistan after 2021 — countries don't dollarize into cash anymore, they dollarize into stablecoins.⁣ ⁣ "That's

Jim Bianco: AI Isn't a Bubble Yet—We Literally Don't Have Enough Compute

Jim Bianco says every technology ends in a bubble. AI isn’t there yet.⁣ ⁣ “We have a compute problem. We don’t have enough compute.”⁣ ⁣ Unlike the dot-com era, demand is outrunning supply, not the other way around.⁣ ⁣ There’s more data center construction happening right now than office construction.⁣ ⁣ “If you are a plumber, if you are an electrician, if you are a concrete guy, if you are a roofer, you’re probably getting jobs building a data center.” 🎬⁣ ⁣ #JimBianco #AI #Bubble #Economy #DataCenters #Compute #Markets #CapEx #Investing #Bankless

Kevin Warsh Is Ending the One-Man Fed

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- The Fed may no longer be a one-person institution, and markets are not ready for the consequences. Jim Bianco joins David Hoffman to unpack Kevin Warsh's emerging 12-voter Fed, the end of forward guidance, and the counterintuitive case that higher short-term rates could actually pull long-term yields lower. They also explore sticky inflation, why balance sheet reduction cannot happen overnight, how AI capex is reshaping the economy, why the AI bubble may look more like 1998 than 2000, and why Bitcoin need

Is Michael Saylor Secretly Suppressing Bitcoin’s Price?

Is Michael Saylor the reason Bitcoin’s stuck?⁣ ⁣ “I don’t think Saylor’s the main factor suppressing Bitcoin prices.”⁣ ⁣ Markets are supposed to be smart though—so maybe the slow bleed is just him “staying in the way for too long.”⁣ ⁣ “Can he play it? Can you wait this thing out until something fundamentally bullish comes in?”⁣ ⁣ #Bitcoin #Saylor #Crypto #BTC #MichaelSaylor #shorts

Michael Saylor Sells $650M in Bitcoin—Third Week in a Row

Michael Saylor sold 1,691 Bitcoin this week, pulling in $650 million in dollar reserves.⁣ ⁣ Third consecutive week of meaningful selling.⁣ ⁣ “Third week in a row. Like, okay, alright, how many weeks in a row are you doing this, Mike?”⁣ ⁣ Bitcoin dipped fingernails below the 200-week moving average right as this happened.⁣ ⁣ The question everyone's asking: “Did the market guess the total amount of Bitcoin to be sold correctly, or is Saylor going to surprise us week after week?”⁣ ⁣ “It seems like it's not that much sell pressure to be able to be absorbed.” 🎬⁣ ⁣ #Bitcoin #MichaelSaylor #Strategy

Bitcoin Falls Below 200-Week Average While Saylor Sells Into Support

Bitcoin dipped below its 200-week moving average, down 2.5% on the week to $63,300.⁣ ⁣ The average itself is climbing—$61,500 during the last capitulation dump, now sitting at $64,000.⁣ ⁣ Michael Saylor sold right into that support level.⁣ ⁣ “Despite Saylor selling at the two hundred week moving average, Bitcoin is kind of holding.”⁣ ⁣ Fair value buyers may already be stepping in. Deep value buyers want 5-10% more downside before they touch it.⁣ ⁣ “This is not what you are looking at”—if you’re hunting for a real discount. 🎬⁣ ⁣ #Bitcoin #BTC #Crypto #Saylor #CryptoNews

EtherFi’s Plan to Build the Ultimate Crypto Neobank

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- EtherFi is expanding from a crypto-native neobank into a broader financial account built around DeFi. Mike Silagadze joins David to break down the next version of the product, including tokenized stocks and metals, Aave V4-powered credit, yield-bearing balances, global fiat rails, and a much more normie-friendly experience. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/b

Bitcoin Just Rejected Its Purists

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Bitcoin’s latest fork died after just two blocks. Ryan and David unpack what the failure says about Bitcoin maximalism, why Saylor keeps selling BTC, Robinhood Chain’s breakout, and Fidelity’s push to bring staking yield to Wall Street. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey ✈️COINBASE ONE CARD | EARN 5% BACK IN BITCOIN https://bankless.cc/coinbase-one-car

Tom Lee, ETH Yield & The $10B Warning: Don't Kill What Institutions Buy For

Tom Lee Just Bought $10B of ETH — Killing Yield Would Ruin It⁣ ⁣ David Hoffman: Tom Lee just punted $10,000,000,000 into ETH, and staking yield is his best pitch to get other institutions to follow.⁣ ⁣ Kill the yield now, and “it would be a terrible look... terrible for Tom Lee's business.”⁣ ⁣ “Let’s not piss that guy off.” 🎬

Ilya Polosukhin: One Hidden Prompt Could Control a Billion ChatGPT Users

Ilya Polosukhin: One Hidden Prompt Could Sway a Billion Minds⁣ ⁣ To manipulate a billion ChatGPT users, you don't need a conspiracy, just a job at OpenAI.⁣ ⁣ NEAR co-founder Ilya Polosukhin breaks down the scariest unlocked door in AI.⁣ ⁣ "If you wanna manipulate a billion people right now, the easiest way is to get a job in OpenAI and modify the system prompt."⁣ ⁣ He says that one hidden string of text quietly steers the beliefs of billions and almost nobody is guarding it.⁣ ⁣ "It's just a thing somewhere... I don't think it's guarded... suddenly convince a user to vote for this candidate."⁣

NEAR Just Turned Staking Yield Into Compute

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- What if staking a token could keep an AI agent thinking? NEAR cofounder Illia Polosukhin joins David to explain NEAR’s new staking-powered inference model, where yield funds access to confidential and verifiable AI. They unpack how NEAR AI Cloud, IronClaw, Intents, and the NEAR token fit into one integrated economy for autonomous agents, why AI outputs may need cryptographic proof when money is at stake, and how GPU compute could become a liquid global market. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE

Mike Silagadze: Enshrine LSTs, Don't Break Ethereum DeFi

Mike Silagadze: “Enshrine LSTs” — Ethereum’s EIP Debate Explained⁣ ⁣ Mike Silagadze says Ethereum should enshrine liquid staking tokens instead of touching the issuance curve.⁣ ⁣ His warning: mess with issuance and “seven of the top 10 DeFi protocols would face a massive capital exodus.”⁣ ⁣ As staking approaches 50%, yield approaches zero.⁣ ⁣ “Imagine the US government said... we're gonna suddenly start tapering the rate or making it impossible to buy more T-bills.”⁣ ⁣ To Mike, that’s not a fix. That’s how you “really break the system.” 🎬⁣ ⁣ #Ethereum #DeFi #LST #LiquidStaking #EIP #Crypto #E

Stani Kulechov: Ethereum Should Fix the Product, Not Kill Yield

Stani Kulechov: “We shouldn’t be focusing on optimizing issuance”⁣ ⁣ Ethereum still isn’t a complete product to replace the financial system, no real privacy, no real scalability, and now the community wants to touch security too.⁣ ⁣ Mike Silagadze agrees: cutting issuance to “accrue value to ETH” backfires.⁣ ⁣ “You’re basically killing the thing that actually makes Ethereum valuable.”⁣ ⁣ Even Tom Lee’s ETH advocacy runs on that issuance.⁣ ⁣ Stop playing games with the supply. Fix the product. 🎬⁣ ⁣ #Ethereum #ETH #Crypto #DeFi #CryptoNews #Web3 #Bankless #Issuance #StaniKulechov #TomLee

Ethereum’s New EIP Could Break DeFi

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Ethereum’s latest staking proposal is sparking backlash across DeFi. Aave founder Stani Kulechov and EtherFi CEO Mike Silagadze join David to break down why stake tapering could push ETH yield toward zero, weaken solo staking, drive capital out of DeFi, and make ETH less attractive to institutions. They debate Ethereum’s monetary policy, whether the network is overpaying for security, and why trying to make ETH more like Bitcoin could undermine what makes Ethereum valuable in the first place. Subscribe fo

Ethereum’s Staking Yield Could Go to Zero

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Ethereum’s monetary policy is suddenly up for debate. Ryan and David unpack the issuance fight dividing researchers and DeFi builders, the Coldcard exploit that hit users who “did everything right,” Saylor’s latest Bitcoin sale, and markets ripping back to all-time highs. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey ✈️COINBASE ONE CARD | EARN 5% BACK IN BITCOIN

Spencer Bogart: Crypto Grew Up, OGs Are Grieving It

Spencer Bogart says crypto's "rebel pirate" era is fading, and not everyone's happy about it.⁣ ⁣ "I love the crypto punk version of it... it is distinct, it is parallel, it is already better in some ways."⁣ ⁣ But growth means fusion with traditional finance, whether OG's like it or not.⁣ ⁣ He compares it to loving a niche band before they blow up.⁣ ⁣ "They almost regret the fact that they've become wildly successful."⁣ ⁣ Sound familiar?🎬

Crypto's Bear Market Is a Trap Before the Real Inflection Point

Alex larsen says crypto is stuck in “the flat part of the s curve” right now, like the internet in 2003, right before broadband hit and the mobile boom took off.⁣ ⁣ “The hardest parts of crypto’s path into the world, I think we’ve already crossed that chasm, and now we’re just waiting.”⁣ ⁣ Prediction markets, stablecoins actually moving money — that’s the edge creeping into the center.⁣ ⁣ “It’s a bunch of kindling waiting for the fire to really start roaring... but this is a distraction. It’s an absolute trap.”🎬⁣ ⁣ #Crypto #Bitcoin #Stablecoins #PredictionMarkets #Web3

Spencer Bogart The Stablecoin Flywheel Pulling Wall Street On-Chain

Spencer Bogart breaks down the flywheel pulling traditional finance on-chain.⁣ ⁣ More dollars on-chain creates more liquidity. More liquidity brings more builders. More builders create more use cases. More use cases pull in more dollars.⁣ ⁣ “Each turn of it is larger than the last because it’s driven increasingly by institutional adoption.”⁣ ⁣ This isn’t just retail anymore. Tokenized equities, money market funds, treasuries — all getting pulled in.⁣ ⁣ “Having financial infrastructure that is global, always on, and programmable is simply better.” 🎬⁣ ⁣ #Stablecoins #Crypto #Web3 #Tokenization

Why a Crypto VC Would Choose Solana Over Ethereum

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Memecoins were supposed to be a dead end, but Mike Dudas believes their deeper idea is only beginning to spread. The 6MV investor joins David to unpack Bonk’s role in reviving Solana, Ansem’s latest experiment, Robinhood’s push into the trenches, and how games, collectibles, prediction markets, and compute could power consumer crypto’s next chapter. Mike also answers the $1 million ETH versus SOL question, lays out Ethereum’s best strategic response, and explains why crypto’s slower progress may be settin

Bitcoin +11%, ETH +22% in 30 Days While AI Investors Bleed

Bitcoin Up 11%, Ethereum Up 22%—While AI Investors Are Licking Their Wounds⁣ ⁣ Bitcoin held flat this week in the middle of a bloodbath. ETH was up on the week.⁣ ⁣ Zoom out to the month and it gets even better.⁣ ⁣ “Bitcoin in 30 days up 11%. ETH in 30 days up 22%.”⁣ ⁣ Meanwhile: “If you were invested in AI, you are licking your wounds right now.”⁣ ⁣ Crypto blue chips outperforming AI for an entire month—when has that happened since ChatGPT launched in 2023?⁣ ⁣ “Not that I can remember.” 🎬⁣ ⁣ #Bitcoin #Ethereum #Crypto #AI #CryptoNews #BTC #ETH #Markets #Web3 #Bankless #shorts

Kevin Warsh: My First Fed Meeting Was a “Family Fight”

Kevin Warsh’s First Fed Meeting Was a “Family Fight”⁣ ⁣ New Fed Chair Kevin Warsh called his first FOMC meeting a “family fight,” and the vote proves it: 9-3 to hold rates steady at 3.5%-3.75%, with three voting to raise.⁣ ⁣ Markets had priced in a 33% chance the Fed would hike on inflation instead.⁣ ⁣ Warsh isn’t backing off the target either.⁣ ⁣ “There is no soft inflation target… there’s only a target, and it’s 2%.”⁣ ⁣ Translation: hikes are still on the table if inflation doesn’t cooperate. 🎬⁣ ⁣ #KevinWarsh #FederalReserve #FOMC #Inflation #Fed #InterestRates #Economy #Markets #Macro #Ban

Fed's Loading the Engine for the Next Money-Printing Wave

The Fed Is Loading the Engine for the Next Money-Printing Wave⁣ ⁣ Yields ripping higher, the Fed tightening on purpose, and the hosts lay out the base case everyone's ignoring.⁣ ⁣ "We're priming, we're loading up the engine, we're putting fuel in the gas tank."⁣ ⁣ That's bad for risk, bad for tech, right up until something breaks.⁣ ⁣ Then "all hell breaks loose" and the printer comes back on.⁣ ⁣ "It's a certainty... it's just a matter of not getting rattled out of the market between now and then."🎬⁣ ⁣ #Fed #Macro #Liquidity #Bitcoin #Debasement #shorts

Michael Howell: Global Liquidity Explains 30% of Crypto's Price Moves

Michael Howell breaks down the math behind crypto’s entire cycle.⁣ ⁣ “A 1% move up in global liquidity yields an 11% up move in crypto.”⁣ ⁣ That’s 4x the performance of gold as a monetary debasement trade.⁣ ⁣ About 30% of all crypto movement, up or down, traces back to liquidity.⁣ ⁣ “The reason it’s gone down is global liquidity is down right now as part of the cycle.”⁣ ⁣ Debasement is the story. Liquidity is the mechanism. 🎬⁣ ⁣ #Crypto #Bitcoin #Liquidity #MonetaryPolicy #MacroEconomics

The Next Bull Market Is Hiding in Plain Sight

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Crypto prices are weak, OG sentiment is exhausted, and institutions are leaning in. Blockchain Capital GPs Aleks Larsen and Spencer Bogart join David Hoffman to explain why this disconnect may be the opportunity. They unpack crypto’s shift toward application-layer value, stablecoins as onchain working capital, tokenized equities, Aave V4, public blockchains, and BCAP. Is the cypherpunk dream fading, or becoming the foundation of global finance? --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY,

Balaji Srinivasan and the Real Price of Giving Up U.S. Citizenship

Balaji Srinivasan exited his US citizenship for Singapore, and the exit wasn’t free.⁣ ⁣ The US puts your name on a Senate-maintained list, one of about 4,000-5,000 people who do this every year.⁣ ⁣ Then comes the real hit: “they take the realized value at the current price of all your unrealized assets, and then do the capital gains tax on that.”⁣ ⁣ For someone with angel investments and VC positions, that means marking everything to market and paying 25% on money you don’t have in cash.⁣ ⁣ “It’s very on brand for Balaji to do this.” 🎬

Hayden Adams: NYC's Property Database Is "The Worst Mass Doxing I've Ever Seen"

Hayden Adams: NYC's New Property Database Is "The Worst Mass Doxing I've Ever Seen"⁣ ⁣ Uniswap founder Hayden Adams just went off on New York City for publishing a searchable database of every property owner over $1M.⁣ ⁣ “Not only were their units listed, but nearly every unit in the entire building was listed.”⁣ ⁣ Nearly a million properties, names and addresses, now public.⁣ ⁣ “This is incredibly dangerous… f*** absolutely everyone involved in this.”⁣ ⁣ Crypto's been warning about wrench attacks tied to public asset ownership for years. Now the city itself is doing the doxing.⁣ ⁣ “That's jus

The AI Trade Got Margin Called! Crypto Didn’t Blink

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Korea’s leveraged stock boom imploded and the AI trade found a forced seller, but crypto held firm. Ryan and David unpack whether the winds are shifting toward BTC and ETH, Warsh’s hawkish Fed debut, and Ethereum’s 11th birthday. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS

Why Morpho Midnight Won’t Flip the Switch on Billions Yet

Morpho Midnight already has access to billions in liquidity sitting in Morpho Vaults, one parameter flip and it's live.⁣ ⁣ Paul Frambot explains why they're not doing that yet.⁣ ⁣ “We really wanna take our time.”⁣ ⁣ Market makers, lenders, borrowers, integrators — everyone needs to get familiar with the code first.⁣ ⁣ DeFi’s had a rough six months. Once markets stabilize, vaults vote to allocate into Midnight.⁣ ⁣ “That will bring nine figure scale, ten figure scale pretty, pretty easily.” 🎬⁣ ⁣ #Morpho #DeFi #Crypto #MorphoMidnight #CryptoNews #Web3 #Liquidity #OnChain #Bankless

Crypto Is Rebuilding a Trillion-Dollar Market

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Vaults could become the financial rails that bring trillions onchain, but only if they solve risk, regulation and investor protection. Steakhouse co-founder Adrian Cachinero joins David to explain how vaults work, why repo markets matter and where this new asset-management layer goes next. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://the

Arthur Hayes' BitMEX Is Shutting Down: End of the Perp Era

BitMEX, the exchange that invented the perpetual future, is finally shutting down.⁣ ⁣ “Perp ground zero.” A lot of traders have fond memories of getting liquidated there.⁣ ⁣ The infamous outages: massive volatility hits, BitMEX short circuits, and “when it came back on, your position was wiped out.”⁣ ⁣ Arthur Hayes got hit with a Bank Secrecy Act prosecution, even house arrest, before getting pardoned.⁣ ⁣ “Not enough to sort of save BitMEX.”⁣ ⁣ Perps 1.0 is dead. dYdX, Binance, FTX, Bybit, and now Hyperliquid picked up the baton.🎬⁣ ⁣ #Bitmex #ArthurHayes #Crypto #Perpetuals #Hyperliquid #Cryp

Bitmine's Mystery Money: Buying Back Shares AND Stacking ETH?

Bitmine Is Buying Back Shares... With Money From Where?⁣ ⁣ Bitmine is buying back 5,500,000 BMNR shares at a $15.62 average, all while still stacking ETH toward that 5% supply target.⁣ ⁣ “I don’t know where the fuck they get their money from but they’re still buying ETH, they’re buying back BMNR shares.”⁣ ⁣ They’re at 4.8% of total ETH supply now, taking a slow march to 5% that could stretch six to twelve months.⁣ ⁣ “We do not ATM at below NAV.”⁣ ⁣ Instead of piling more ETH onto the balance sheet, they’re treating shareholders to more ETH per share by shrinking the share count.⁣ ⁣ “Tom Lee ma

From Harvard at 18 to Building Lighter

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- What does it take to build an exchange that refuses to choose between speed, cost, security, verifiability and composability? Lighter founder Vlad Novakovski joins David to trace his path from international Olympiads and Harvard at 18 to Citadel, early machine learning, Lunchclub and an 18-month ZK engineering bet. --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-20 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🧭OKX | TRADE, EARN, PA

Oil Hit $100! Why Didn’t Bitcoin Break?

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Ryan and David unpack the CLARITY Act’s last-minute lifeline, $100 oil, BitMine’s ETH slowdown, and the OpenAI model that escaped its sandbox. --- BANKLESS SPONSOR TOOLS: 🔒NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-

Securitize’s $400M Bet to Bring Wall Street Onchain

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Securitize has gone public, raised $400 million and tokenized its own equity, but Carlos Domingo says the real race is only beginning. He joins David to explain how Securitize makes money, why investor demand remains tokenization’s biggest bottleneck and what separates an actual onchain share from a synthetic stock wrapper. --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI

David Seroy: Why All Shadow Banking Credit Has to Squeeze Through Repo

Shadow banks can create credit out of thin air, no reserve requirements, just private ledgers.⁣ ⁣ “Boom boom. David, I just created you a billion dollars.”⁣ ⁣ But eventually that IOU has to become a real dollar, and they don’t have access to Fed reserves.⁣ ⁣ That’s the gap repo bridges.⁣ ⁣ “Huge amounts of liabilities and credit that's created in the shadow banking system has to squeeze through this tiny door of repo in order to settle.”⁣ ⁣ Twenty years ago the collateral of choice was mortgage backed securities.⁣ ⁣ “That is the exorbitant privilege that went to real estate.” 🎬

Institutions Turned Bitcoin Into a Volatility-Suppression Machine

Institutions didn't come into Bitcoin to buy it, they came to tame it.⁣ ⁣ David Seroy says Wall Street turned Bitcoin into a "volatility suppression machine," and the price chaos that built its whole culture is fading.⁣ ⁣ "A lot of Bitcoin's memetics... it is a byproduct of the volatility, craziness. And I think some of that has been somewhat muted."

Why Bitcoin’s Next Step Isn’t Guaranteed

Every Bitcoin cycle has come with a step function: 2017 gave us institutions, 2021 gave us corporate treasuries, now Saylor’s pushing digital capital.⁣ ⁣ David Seroy says the next leg isn’t automatic.⁣ ⁣ “If we just keep things as the status quo… it’s just a non-sovereign store of value. That is probably good enough to be a world-changing asset. But can you do better than that?”⁣ ⁣ Sovereign debt debasement sets the stage, but Bitcoin still has to earn its next chapter.🎬⁣ ⁣ #Bitcoin #BTC #MonetaryDebasement #CryptoNews #Web3 #shorts

Joseph Lubin vs. Stephen Goldfeder: Should Ethereum Fork to Save Arbitrum & Base?

Joseph Lubin says Ethereum L1 fees should stay low to drive growth.⁣ ⁣ Stephen Goldfeder says treat critical bugs in Arbitrum, Base, or Robinhood Chain as Ethereum vulnerabilities.⁣ ⁣ “A critical bug in Arbitrum, Base, or Robinhood chain should be treated as an Ethereum vulnerability and trigger an L1 fork just like an L1 bug would.”⁣ ⁣ Remember when Vitalik warned against overloading Ethereum consensus?⁣ ⁣ “Steven Goldfeather is proposing to overload Ethereum consensus? No. He’s just saying Arbitrum… and Base… and Robinhood chain.”⁣ ⁣ In exchange, L2s would pay more rent to ETH holders.⁣ ⁣ “I

Robinhood Chain Made $816K — ETH Only Got $1,538

Robinhood Chain Made $816K. Ethereum Got $1,538.⁣ ⁣ David Hoffman and Ryan Sean Adams break down the ugly math behind ETH's L2 economics.⁣ ⁣ Robinhood keeps 90% margins. Arbitrum takes 10%. Ethereum gets 0.15% for data availability.⁣ ⁣ “If your thesis is ETH is money, this is bullish.” More collateral, more lendiness, more ETH as the trading pair.⁣ ⁣ But “if your thesis is ETH is a revenue generating asset, this is the ultra bear case.”⁣ ⁣ The uncomfortable truth: “Robinhood was already going to build on Ethereum the whole time, so you haven’t actually won anything.” 🎬⁣ ⁣ #Ethereum #ETH #Robi

Bitcoin Is About to Enter a $12T Market

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Bitcoin has won the store-of-value argument, but can it become the foundation of an entirely new credit system? David Seroy of Alpen Labs joins David Hoffman to explore why Bitcoin’s next era may be defined by digital credit, ZK rollups, fixed-duration lending, and an onchain repo market rather than payments alone. --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT |

Tom Lee Now Owns 4.8% of All ETH — Buying Every Single Day

Tom Lee Is Buying ETH Every Day (4.8% of Supply)⁣ ⁣ Tom Lee just keeps buying ETH, every single day, during a bear market.⁣ ⁣ He's now at 4.8% of all ETH supply, 5.77M ETH, 96% of the way to his 5% target.⁣ ⁣ “I don’t know where he’s getting this cash… it’s not preferred shares, it’s not debt.”⁣ ⁣ He set this goal a year ago. He’s basically there. In a market where ETH holders feel like they skipped the whole cycle.⁣ ⁣ “Pretty incredible. Pretty incredible. Pretty incredible.” 🎬⁣ ⁣ #Ethereum #ETH #TomLee #Crypto #Bankless

David Hoffman: Why "Buy and Burn" Is Crypto's Undefeated Token Model

David Hoffman: Buy-and-Burn Is Undefeated in 2026⁣ ⁣ David Hoffman says the hottest projects this cycle all converge on one model: generate real fee revenue, then burn the token.⁣ ⁣ “The point of a token is to be burnt.”⁣ ⁣ Hyperliquid, VVV, Lit, JTO — all racing to burn as much supply as possible.⁣ ⁣ Venice on VVV: “We want to burn every last VVV token.”⁣ ⁣ JTO just launched JTX, burning 80% of fees it collects.⁣ ⁣ “Maker had it right all along.” 🎬⁣ ⁣ #Crypto #BuyAndBurn #Hyperliquid #Tokenomics #CryptoNews #DeFi #Web3 #Bankless #shorts

Crypto Is Running Out of Reasons to Go Lower

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Inflation cooled, war intensified, and crypto climbed anyway. Ryan and David ask if the bottom is in, unpack Robinhood Chain’s surge past Base, and debate who benefits from Ethereum’s L2 boom. --- BANKLESS SPONSOR TOOLS: 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https:

Kendall Cole: NEAR Intents Is Chain Abstraction, Not Just Swaps

Kendall Cole breaks down why NEAR Intents is way bigger than a swap tool.⁣ ⁣ “Really, NEAR Intents is like true chain abstraction infrastructure.”⁣ ⁣ A NEAR account that can custody assets on any chain and sign any transaction on any chain.⁣ ⁣ Got USDC on Polygon but need it on Hyperliquid for a perp position? “That’s gonna just become a background piece.”⁣ ⁣ Swaps are just the UI. The real unlock is one account that can use anything, anywhere.🎬⁣ ⁣ #NEAR #ChainAbstraction #Crypto #DeFi #Web3 #Bankless