Bankless
- Episodes
- 592
- Released
- several times a week
- Latest episode
- Nov 13, 2026
About the podcast
The Ultimate Guide to Crypto Finance. DeFi, NFTs, and cryptocurrencies. Level up. Go bankless.
Episodes 592
How a Top 100 Hyperliquid Trader Finds the Next Big Trade
How does a top 100 Hyperliquid trader find opportunities without blowing up? David Hoffman sits down with KoolKrypto to unpack his risk-first approach to perps, how he spots mispriced DeFi tokens, and why …
Show notes
How does a top 100 Hyperliquid trader find opportunities without blowing up? David Hoffman sits down with KoolKrypto to unpack his risk-first approach to perps, how he spots mispriced DeFi tokens, and why buybacks change the investment case. They debate the upside of Hyperliquid versus Lighter, the bull and bear cases for Zcash, and why crypto options could become the next major growth market. Plus, how a changing macro environment could set up crypto's next inflection point.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🛡️VIZOR | THE WALLET ZCASH DEVS USE
https://bankless.cc/vizor
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
---
TIMESTAMPS
0:00 Trading Without Blowing Up
05:25 KoolKrypto and the Revenue Meta
10:53 The Bull and Bear Cases for Zcash
24:16 Options vs. Perps
30:08 Valuing Crypto Exchange Tokens
37:09 Hyperliquid vs. Lighter
47:17 The Crypto Options Wars
56:55 The Next Crypto Inflection Point
---
RESOURCES
KoolKrypto
https://x.com/koolkrypto223
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresTokenizing Latin America: Six Currencies, One Financial System | Sebastian Serrano
What if the next stablecoin boom isn't in dollars? Ripio co-founder and CEO Sebastian Serrano joins David Hoffman to unpack how Latin America is bringing six local currencies onchain, why self-custody wallet …
Show notes
What if the next stablecoin boom isn't in dollars? Ripio co-founder and CEO Sebastian Serrano joins David Hoffman to unpack how Latin America is bringing six local currencies onchain, why self-custody wallet deposits are still so expensive, and how stablecoins could improve cross-border payments.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY2
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🛡️VIZOR | THE WALLET ZCASH DEVS USE
https://bankless.cc/vizor
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
---
TIMESTAMPS
0:00 Crypto adoption in Latin America
5:38 Local currencies, FX and the carry trade
8:19 Inside Ripio: crypto infrastructure for LatAm
16:29 Fixing on-ramps with local stablecoins
28:26 Wrapped fiat: business model and cross-border payments
35:29 Distribution and which blockchains
42:14 Regulators, banks and market growth
---
RESOURCES
Sebastián Serrano
https://x.com/sserrano44
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: Blue Wave, Black Swan | $6B Binance Heist | French Bank Robbed | ETH Goes Quantum-Proof
A blue wave and a black swan. Democrats sweep Congress, markets whipsaw into a $2 trillion selloff, and Bitcoin holds its 50-week moving average through the biggest heist in history: $6 billion stolen from …
Show notes
A blue wave and a black swan. Democrats sweep Congress, markets whipsaw into a $2 trillion selloff, and Bitcoin holds its 50-week moving average through the biggest heist in history: $6 billion stolen from Binance. Ryan and David break down how North Korea pulled it off, how a French bank got robbed with crypto as the getaway car, Ethereum's December 2028 quantum-proof deadline from DevCon, and Coinbase insiders' new sell plans.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🛡️VIZOR | THE WALLET ZCASH DEVS USE
https://bankless.cc/vizor
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
---
TIMESTAMPS
0:00 Intro
1:57 Blue Wave: Democrats Sweep Congress
https://x.com/DCinvestor/status/2117789052573544873
3:33 $2 Trillion Erased: AI Bubble Popping?
https://x.com/KobeissiLetter/status/2118362154558779411
https://pbs.twimg.com/media/HWX6J1hXwAAXczz?format=jpg&name=medium
7:41 Bitcoin Holds the 50-Week: Early Bull Intact?
10:59 NEAR AI Red
https://near.ai/blog/the-right-to-run
11:44 Will the Dems Come for Crypto?
https://x.com/0xGrimes/status/2111584181562290268
https://x.com/caprioleio/status/2118125380741795929
https://x.com/WatcherGuru/status/2118006193276805427
https://x.com/EleanorTerrett/status/2118041922011021418
https://x.com/hosseeb/status/2118080207664062720
https://x.com/TrustlessState/status/211804361765049146721:11 Binance Hack: The $6B Heist, 7 Days Later
https://www.fbi.gov/investigate/cyber/alerts/2026/north-korea-responsible-for-6-billion-binance-attack
https://x.com/zachxbt/status/2116030284261179538
https://www.binance.com/en/proof-of-reserves
https://www.coindesk.com/business/2026/11/03/binance-s-usd6-3-billion-hack-began-with-a-fake-job-interview-exchange-says
https://x.com/binance/status/2117626126214504729
https://x.com/hosseeb/status/211765087260395554227:26 THORChain & the Laundering Fight
https://x.com/FBICyberBranch/status/2116660730745299426
https://thedefiant.io/podcasts-and-videos/podcast/thorchain-refused-to-block-the-usd387m-bitget-hacker-here-s-why-or-chad-barraford32:49 North Korea: Too Close to the Sun?
https://www.theblock.co/news/regulation/2026-11-02-kim-jong-un-sister-rejects-fbi-claims-linking-north-korea-binance-hack-43234435:45 Polygon's Hard Fork & the Validator Bribe
https://forum.polygon.technology/t/pip-proposal-recovery-of-funds-held-in-blocked-addresses-following-the-polymarket-and-binance-incidents/2249738:25 How to Rob a Bank: Crypto Was the Getaway Car
https://x.com/gregory_raymond/status/2117864901108432999
https://x.com/Jrag0x/status/211787844230990669548:37 DevCon 8: Ethereum Post-Quantum by 2028
https://x.com/EFDevcon/status/2117497506007576631
https://x.com/ethereumfndn/status/211771742792049869851:17 The Ethereum Economic Zone
https://www.kucoin.com/news/flash/ethereum-economic-zone-unveils-three-cross-chain-breakthroughs-at-devcon52:57 L2Beat Becomes ETHBeat
https://x.com/ethbeat_org/status/2117913893796225035
https://ethbeat.org/crops54:08 Vitalik's Keynote Controversy
https://x.com/ethereumfndn/status/2117500382977102044
https://x.com/gakonst/status/2117668817082155157
https://x.com/uttam_singhk/status/2117673754574651760
https://x.com/fede_intern/status/211799384415943899358:58 Coinbase Earnings & Armstrong's Sell Plan
https://www.fool.com/earnings/call-transcripts/2026/10/30/coinbase-coin-q3-2026-earnings-call-transcript/
https://thedefiant.io/news/cefi/coinbase-ceo-armstrong-adopts-plan-to-sell-up-to-1-31-billion-in-shares1:02:53 STRC Back at $100
https://x.com/Strategy/status/2118036238741688626---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresThe Race for Private Ethereum | Zac Williamson
Can Ethereum become private without giving anyone a master key? Aztec co-founder Zac Williamson joins David Hoffman to discuss the race to build private smart contracts, why transparent blockchains struggle …
Show notes
Can Ethereum become private without giving anyone a master key? Aztec co-founder Zac Williamson joins David Hoffman to discuss the race to build private smart contracts, why transparent blockchains struggle with tokenized finance, and how ZK Passport could bring identity checks onchain without exposing personal data.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🛡️VIZOR | THE WALLET ZCASH DEVS USE
https://bankless.cc/vizor
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
---
TIMESTAMPS
0:00 The Race for Private Ethereum
07:21 Why Crypto Still Isn't Private
15:01 ZK Passport and Private Identity
21:29 AI-Powered Attacks and Trustless Infrastructure
29:44 Private DeFi and Institutional Adoption
35:42 Aztec Tokenomics, MEV, and Transaction Costs
40:52 Aztec Tierra and the 2027 Roadmap
43:43 Getting Started With Aztec
---
RESOURCES
Zac Williamson
https://x.com/Zac_Aztec
Aztec Network
https://aztec.network
ZK.money
https://zk.money
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresThe Complete Zcash Roadmap | Sean Bowe and Dev Ojha
What would it take for private money to work at global scale? Zcash co-founder Sean Bowe and ZK researcher Dev join David Hoffman to unpack the next chapter of Zcash, from Tachyon's ambitious scaling roadmap to …
Show notes
What would it take for private money to work at global scale? Zcash co-founder Sean Bowe and ZK researcher Dev join David Hoffman to unpack the next chapter of Zcash, from Tachyon's ambitious scaling roadmap to the challenge of building private wallets that actually work.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🛡️VIZOR | THE WALLET ZCASH DEVS USE
https://bankless.cc/vizor
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
---
TIMESTAMPS
0:00 Why Zcash Matters Now
07:53 AI Makes Privacy Urgent
11:20 The Zcash Development Roadmap
17:33 Privacy Without Compromises
25:26 Scaling Zcash With Tachyon
39:42 Private Wallets and Proof of Work
41:06 Zcash's Quantum Defense Roadmap
1:00:53 AI Threats and Formal Verification
1:12:53 Security Through Multiple Assumptions
1:19:37 Why Payments Come First
1:25:54 Funding Proof-of-Work Security
1:29:34 Governance and Coinholder Voting
1:34:53 ZEC Price and Protocol Threats
---
RESOURCES
Sean Bowe
https://x.com/ebfull
Dev Ojha
https://x.com/zkDragon
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures$VVV Community Call | October
Venice’s Head of Strategy, Jon joins David for the October $VVV community call to unpack Venice crossing 5M users and 1T daily tokens, $1M+ in monthly $VVV burns, the DeepSeek-powered growth surge, accelerating …
Show notes
Venice’s Head of Strategy, Jon joins David for the October $VVV community call to unpack Venice crossing 5M users and 1T daily tokens, $1M+ in monthly $VVV burns, the DeepSeek-powered growth surge, accelerating AI video demand, the new $VVV ETP, private AI in an era of rising data breaches, and what comes next.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium
---
TIMESTAMPS
0:00 Intro
0:21 September AI Update
2:12 Token Growth Surge
8:36 Emissions and Diem Supply
16:10 Burn Mechanics Explained
23:40 OpenAI Privacy Controversy
32:00 Data Retention Warnings
35:52 Anthropic's Retention Shift
39:24 Privacy Boosts Venice
43:03 Minds and Model Combinations
52:48 Staking and Burn Questions
55:47 Data Center and Near
59:37 Lumara Film Festival
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresInside the $6 Billion Binance Hack | Ari Redbord
Binance was hit by a $6 billion hack. What happens when the stolen crypto starts moving? TRM Labs' Ari Redbord joins David Hoffman to unpack the frantic first hours of the response, how stablecoin issuers froze …
Show notes
Binance was hit by a $6 billion hack. What happens when the stolen crypto starts moving? TRM Labs' Ari Redbord joins David Hoffman to unpack the frantic first hours of the response, how stablecoin issuers froze billions, and the clues pointing investigators toward North Korea.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🛡️VIZOR | THE WALLET ZCASH DEVS USE
https://bankless.cc/vizor
---
TIMESTAMPS
00:00 The $6B Binance Hack
01:38 Inside TRM's War Room
03:29 Freezing Billions and Tracking Funds
08:51 Law Enforcement and Attack Clues
13:50 Why North Korea Is Different
21:26 The Regulatory Fallout for Crypto
24:53 AI and the Next Cyber Threat
27:43 Securing Crypto After the Attack
---
RESOURCES
Ari Redbord
https://x.com/ARedbord
TRM Labs
https://www.trmlabs.com/
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: Bitcoin to $57K? | Wall Street Bets on Hyperliquid | The Tokenization War | Zcash Drama
Bitcoin to $57K or a new bull market? Ryan and David unpack the wildly conflicting price predictions, Hyperliquid’s Wall Street breakthrough, the fight over tokenized stocks, Robinhood Chain’s revenue collapse …
Show notes
Bitcoin to $57K or a new bull market? Ryan and David unpack the wildly conflicting price predictions, Hyperliquid’s Wall Street breakthrough, the fight over tokenized stocks, Robinhood Chain’s revenue collapse, and Zcash’s governance controversy.
---
📣NEAR HACKATHON | $250,000 PRIZE POOL
https://bankless.cc/near-hackathon
---BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🛡️VIZOR | THE WALLET ZCASH DEVS USE
🌎RIPIO | LOCAL CURRENCIES, ONCHAIN
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:12 Bitcoin's $57K Warning & Macro Fears
https://x.com/Jason/status/2114956980674605075
https://x.com/KobeissiLetter/status/2115504620219007201
https://polymarket.com/event/fed-decision-in-december
10:17 Bitcoin Price Predictions: $200K to $1.6M
https://x.com/willywoo/status/2114852726337347670
https://x.com/intangiblecoins/status/2114730275242426648
https://x.com/Bitwise/status/2115494114980458741
https://x.com/coinbureau/status/2114690544588996809
https://x.com/TrustlessState/status/2115791352579391896
24:30 Hyperliquid's Wall Street Breakthrough
https://x.com/tradexyz/status/2115755854125478285
https://x.com/standuquesne/status/2115777839622689036
https://x.com/elonmusk/status/2115823011399938182
https://x.com/NYSE/status/2115802359959790069
31:43 The War Over Tokenized Stocks
https://x.com/mikemaccana/status/2114427237521117472
https://x.com/toly/status/2115483790109974844
https://x.com/haydenzadams/status/2115648239525585168
44:45 Robinhood Chain's Revenue Collapse
https://x.com/ceterispar1bus/status/2115402880253300753
https://x.com/AltcoinDaily/status/2115205102533509141
https://x.com/econoar/status/2114838303266705789
52:58 Zcash's $125M Dev Fund Controversy
https://x.com/Bankless/status/2115433097822949732
https://x.com/ebfull/status/2114911107718742451
59:16 Venice's $1M Token Burn & Buyback Debate
https://x.com/TrustlessState/status/2115565172047675604
https://x.com/TrustlessState/status/2115132856934535434
https://x.com/tulipking/status/2115270309309829334
https://x.com/fejau_inc/status/2008302312402686110
1:04:30 Ethena's 12% Yield & Anthropic's $2T IPO
https://x.com/ethena/status/2115413879840989651
https://x.com/KobeissiLetter/status/2114710153417118191
https://x.com/socialcapital/status/2114740894914187557
---
Not financial or tax advice. See our investment disclosures here:
Wall Street, Regulation, and the Future of Money | J. Christopher Giancarlo
Is crypto building a freer financial system, or giving Wall Street and Washington new ways to control it? Former CFTC Chairman Chris Giancarlo returns to Bankless to unpack crypto's political battles, why he …
Show notes
Is crypto building a freer financial system, or giving Wall Street and Washington new ways to control it? Former CFTC Chairman Chris Giancarlo returns to Bankless to unpack crypto's political battles, why he believes Wall Street will move onto digital rails by 2040, and what the 2008 financial crisis taught him about the limitations of traditional finance. Plus, the evolution of Bitcoin futures and perpetuals, the debate over stablecoins and CBDCs, and why financial privacy may matter more than the technology itself. His new book, The New Adventures of CryptoDad, brings these questions into focus.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
00:00 CryptoDad's New Mission
04:36 How Crypto Became Political
12:16 Why the SEC Crackdown Failed
17:09 Bitcoin Futures, Perps, and Regulation
27:54 Passing the CFTC Baton
33:52 Who Controls Digital Finance?
39:40 The 2008 Banking Blind Spot
45:31 Wall Street Moves Onchain
50:52 Privacy and the Digital Dollar
---
RESOURCES
Christopher Giancarlo
https://x.com/giancarloMKTS
The New Adventures of CryptoDad
https://www.amazon.com/New-Adventures-CryptoDad-Digital-Century/dp/1394431228
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresWhat Is Bitcoin Telling Us? | Michael Howell, Macro Analyst
Could Bitcoin be signaling the next liquidity recovery before the rest of the market sees it? Global liquidity expert Michael Howell returns to Bankless to revisit his 2027 outlook, explain why Bitcoin's $70K …
Show notes
Could Bitcoin be signaling the next liquidity recovery before the rest of the market sees it? Global liquidity expert Michael Howell returns to Bankless to revisit his 2027 outlook, explain why Bitcoin's $70K level matters, and examine whether the next market rebound could arrive sooner than expected. Ryan and David dig into rising Treasury yields, the Fed and Treasury's evolving relationship, Michael's "Treasury QE" thesis, and the four phases of the liquidity cycle.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
00:00 Is Bitcoin Signaling an Early Liquidity Recovery?
07:35 The $70K Bitcoin Level That Could Change Everything
11:08 What's Really Driving Treasury Yields Higher?
19:55 Michael Howell vs. Ray Dalio on the Future of Bonds
28:48 Inflation, Economic Growth, and the Liquidity Squeeze
35:02 The Four Phases of the Liquidity Cycle and What to Own
41:07 Can the AI Boom Defy the Market Cycle?
51:08 Treasury QE and the Fed's New Liquidity Playbook
1:01:06 Why China's Liquidity Could Be Driving Gold
1:06:19 Bitcoin vs. Gold as Monetary Inflation Hedges
1:11:08 How Much Could Global Liquidity Grow?
---
RESOURCES
Michael Howell’s Substack
https://capitalwars.substack.com/
Global Liquidity Index
https://www.glindexes.com/
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresBlack October! What Is Happening to the Internet? | Hari Mulackal & Odysseas Lamtzidis
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---Is AI turning the entire internet into a dark forest? Security experts Hari Mulackal and Odysseas Lamtzidis join David …
Show notes
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
Is AI turning the entire internet into a dark forest? Security experts Hari Mulackal and Odysseas Lamtzidis join David Hoffman to unpack Black October, why AI-powered hacking is becoming cheaper and more scalable, how defenders are falling behind, and what it means for your crypto and personal data.
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Intro
0:08 Black October: Cybersecurity’s New Reality
1:01 Why Cyber Incidents Are Surging
4:06 AI Makes Hacking Cheap and Scalable
6:46 The Real-World Cost of Data Breaches
11:00 AI, Personal Data, and Targeted Scams
15:32 Is Mass Data Exposure Inevitable?
18:02 What the CVE Explosion Reveals
20:50 Can AI Defenders Keep Up?
23:22 Why Crypto May Be Better Prepared
27:34 Are Crypto Assets Still Safe?
31:41 A Silver Lining After the Cyber Turbulence
34:18 Practical Security Advice for Individuals
36:05 Redundancy, Self-Custody, and Limiting Risk
38:02 Simple Steps to Protect Your Wallet
40:39 What Crypto Custodians Should Do
41:29 Security Startups and How They Can Help
---
RESOURCES
Hari Mulackal
https://www.linkedin.com/in/hari-mulackal
Odysseas Lamtzidis
https://www.linkedin.com/in/odysseaslamtzidis
---
Not financial or tax advice. See our investment disclosures here:
ROLLUP: Black October | Uptober Lasted 4 Hours | JPMorgan's Bitcoin Forecast | Gold Alchemy
Uptober lasted four hours. Now comes Black October: rising war fears, AI-powered cyber threats, and a market on edge. Ryan and David debate whether crypto is next, JPMorgan’s bullish Bitcoin forecast …
Show notes
Uptober lasted four hours. Now comes Black October: rising war fears, AI-powered cyber threats, and a market on edge. Ryan and David debate whether crypto is next, JPMorgan’s bullish Bitcoin forecast, fusion-made gold, and a major stablecoin win.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🌎RIPIO | LOCAL CURRENCIES, ONCHAIN
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:08 Black October, Uptober & Market Jitters
https://x.com/TrustlessState/status/2113252218568679571
https://x.com/coinbureau/status/2113215401983152439
5:38 Bitcoin's Early Bull Case
https://thedefireport.io/research/cycle-awareness-update-3e75
9:26 JPMorgan's Bitcoin Forecast & Ethereum's Struggles
https://am.jpmorgan.com/us/en/asset-management/adv/insights/portfolio-insights/ltcma/
https://x.com/saylor/status/2112587713060757820
https://x.com/Matt_Hougan/status/2112387154923983105
20:23 Crypto Movers: Pearl, Lighter, Venice & Monero
https://x.com/zoomerfied/status/2112970717591748767
https://x.com/TrustlessState/status/2112966535744544859
https://www.21shares.com/en-eu/product/venc
https://www.coingecko.com/en/coins/monero
28:31 Black October: Cyberattacks, AI & Banking Risks
https://x.com/takaichi_sanae/status/2112890642590564386
https://x.com/NSACyber/status/2112903220209098897
https://x.com/Mudit__Gupta/status/2112938784392163779
https://x.com/devmuzzammil/status/2113042127039164663
https://x.com/nic_carter/status/2113064786556592250
https://x.com/jachiam0/status/2112968705240109558
https://x.com/eastdakota/status/2113079352682570051
https://x.com/MadisonMills22/status/2113251043173683683
42:53 Fusion Gold: Bitcoin's Unexpected Advantage?
https://x.com/MarathonFusion/status/2113001073019662481
https://x.com/MarathonFusion/status/2113001085912895846
https://x.com/nic_carter/status/2113054840595390792
50:23 Stablecoin Rewards, Solana Upgrade & Aero Merger
https://x.com/EleanorTerrett/status/2112871300079161630
https://cointelegraph.com/news/american-bankers-association-occ-genius-rules-stablecoins
https://x.com/solana/status/2112906742585512150
https://aero.xyz/articles/aero-launches-today
---
Not financial or tax advice. See our investment disclosures here:
The CFTC’s Proposed Rules to Reshape US Crypto Markets | CFTC Chair Mike Selig
Could American crypto traders finally get the same features available on offshore exchanges? CFTC Chair Mike Selig joins David Hoffman to unpack Reg CTX and Reg CAM, two proposed rules that could bring retail …
Show notes
Could American crypto traders finally get the same features available on offshore exchanges? CFTC Chair Mike Selig joins David Hoffman to unpack Reg CTX and Reg CAM, two proposed rules that could bring retail spot margin trading and a new federal framework for crypto exchanges to the US.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
00:00 CFTC Chair Mike Selig Returns
03:09 Why Financial Markets Need Federal Regulation
11:13 Who Actually Regulates Spot Bitcoin?
17:27 The CFTC, FinCEN, and State Regulators
22:29 The New Crypto Regulatory Trilogy
27:16 Reg CTX: Bringing Margin Trading Onshore
29:22 Reg CAM: A New Federal Exchange Framework
31:11 The Problem with 50 State Licenses
35:11 What Retail Crypto Leverage Could Look Like
39:24 Ending the SEC and CFTC Turf War
42:58 The Risks of Combining Financial Businesses
54:04 What Other Products Could This Unlock?
56:35 Where the CFTC Gets Its Authority
1:01:05 Can These Rules Survive Without the CLARITY Act?
1:05:05 Prediction Markets and the Supreme Court
1:08:11 How the Crypto Industry Can Respond
---
RESOURCES
CFTC Chair Mike Selig
https://x.com/ChairmanSelig
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: Redtober Is Here | AI Debt Fears | $102M Ledger Attack | Richard Heart Arrested
Uptober has turned into Redtober. Ryan and David unpack crypto’s selloff, why the early bull market may still be intact, and how inflation and AI debt fears are rattling markets. Plus, Ledger’s $102M …
Show notes
Uptober has turned into Redtober. Ryan and David unpack crypto’s selloff, why the early bull market may still be intact, and how inflation and AI debt fears are rattling markets. Plus, Ledger’s $102M supply-chain attack, Bank of America’s $5B scandal, and Richard Heart’s arrest.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🌎RIPIO | LOCAL CURRENCIES, ONCHAIN
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:09 Redtober: Crypto Selloff & Early Bull
https://thedefireport.io/research/early-bull-reset
https://x.com/tulipking/status/2110373109861675080
https://polymarket.com/predictions/midterms
10:38 Hot Inflation & AI Market Risks
https://x.com/KobeissiLetter/status/2110711659115200824
https://www.noahpinion.blog/p/ai-vs-the-railroads
19:55 Ray Dalio's Debt Warning
26:23 Ledger's $102M Supply-Chain Attack
https://x.com/Ledger_Support/status/2108551100613714002
https://x.com/MagicalTux/status/2108556423445835827
https://thehackernews.com/2026/10/ledger-finds-unauthorized-hardware.html
31:34 France's Crypto Wallet Reporting Proposal
https://x.com/alistairmilne/status/2110051872363159959
34:52 Bank of America, CZ & Debanking
https://x.com/cz_binance/status/2110309077175963947
https://x.com/nic_carter/thread/2110375740097138847
41:15 Richard Heart Arrested
https://x.com/BitcoinNewsCom/status/2110369479729299872
https://x.com/ercwl/status/2110385013900341709
https://x.com/TrustlessState/status/2110362834043273313
48:43 PaperTrade's 1,000x Leverage Game
https://exchange.papertrade.xyz/dashboard
53:28 Solana Upgrades & Starknet's Layer 1 Vote
57:52 NEAR Foundation & Venice AI Growth
https://x.com/TheBlockCo/status/2110717366447268011
https://x.com/sabrinaesaquino/status/2110126741142556857
https://x.com/TrustlessState/status/2110391671762325563
---
Not financial or tax advice. See our investment disclosures here:
Cypherpunk Owns $500M of Zcash and 18% of Its Hashrate | CIO Will McEvoy
In a world of powerful AI, how private is a public blockchain? Will McEvoy, CIO of Cypherpunk Technologies and principal at Winklevoss Capital, joins David to explore why Bitcoin holders may be rethinking …
Show notes
In a world of powerful AI, how private is a public blockchain? Will McEvoy, CIO of Cypherpunk Technologies and principal at Winklevoss Capital, joins David to explore why Bitcoin holders may be rethinking transparency and why Zcash is attracting renewed attention. They break down Cypherpunk's ambitious plan to accumulate 5% of the Zcash supply, the surprising economics behind its mining business, and the larger opportunity in digital privacy.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Why Zcash Is Back in the Spotlight
3:24 Why Did Zcash Take So Long to Break Out?
5:09 Who Is Buying Zcash?
8:03 Can AI Identify Bitcoin Whales?
12:33 Inside Cypherpunk Technologies
16:39 Cypherpunk's Treasury and Valuation
17:57 Why Zcash Mining Is So Profitable
27:38 The Gap Between Zcash's Price and Hashrate
31:21 Mining Zcash and Keeping It
33:01 Why Buy CYPH Instead of Zcash?
38:05 What Is Cypherpunk Technologies Actually Worth?
41:44 Zcash's Builders and the Orchard Bug
46:37 Will McAvoy's Investing Background
49:23 Could Zcash Reach $10,000?
51:22 Will Governments Accept Financial Privacy?
---
RESOURCES
Will McEvoy
https://x.com/will__mcevoy
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: AI Threatens Crypto Security | Tom Lee Stops Buying ETH | Ethereum L2s Shut Down | Zcash ETFs
Could AI break crypto before quantum does? Ryan and David unpack Justin Drake’s “bunker mode” warning, whether holders should move funds, Tom Lee’s decision to stop buying ETH, and the shutdown of two Ethereum …
Show notes
Could AI break crypto before quantum does? Ryan and David unpack Justin Drake’s “bunker mode” warning, whether holders should move funds, Tom Lee’s decision to stop buying ETH, and the shutdown of two Ethereum L2s.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🎯 THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑 BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
1:51 Yields, Oil & Bitcoin
https://www.tradingview.com/symbols/TVC-US10Y
https://x.com/santiagoaufund/status/2107548024310464790
https://x.com/josephwang/status/2108100745086275897
9:32 Tom Lee Stops Buying ETH
https://x.com/coinbureau/status/2107763103756878003
https://x.com/lex_node/status/2107811138532774349
https://x.com/fundstrat/status/2108072716960149662
19:06 AI Threatens Crypto Security
https://x.com/drakefjustin/status/2107837081313505768
https://www.nytimes.com/2026/10/06/science/openai-math-problems.html
https://x.com/matthew_d_green/status/2107992246360649879
31:24 Cryptographers Push Back
https://x.com/LindellYehuda/status/2107999859219587309
https://x.com/mert/status/2108058959852773442
https://x.com/vitalikbuterin/status/2107976296320106851
37:00 Ethereum L2 Shutdowns
https://x.com/blast/status/2106032805280891073
https://x.com/AbstractChain/status/2107554632675340420
https://x.com/Starknet/status/2108113391525204034
41:25 Zcash ETF Momentum
https://www.theblock.co/news/markets/2026-10-06-winklevoss-files-spot-zcash-etf-wink-417826
44:57 FinCEN Withdraws Wallet Rules
50:22 Token2049 Takeaways
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Why the Near $NRR ETF is Different | Hunter Horsley and Sal Ternullo
NEAR just got a new institutional gateway, but the ETF may only be the beginning of the story. Bitwise CEO Hunter Horsley and Sovereign’s Sal Ternullo join David to unpack why investors are starting to view …
Show notes
NEAR just got a new institutional gateway, but the ETF may only be the beginning of the story. Bitwise CEO Hunter Horsley and Sovereign’s Sal Ternullo join David to unpack why investors are starting to view NEAR through the lens of AI, how NEAR Intents has already processed more than $32 billion in volume, what staking and token buybacks mean for the asset, and why a future filled with many AI models, chains, agents, and stablecoins could play directly into NEAR’s strengths.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 NEAR’s New ETF
2:15 Bitwise and NEAR
8:49 Selling NEAR to Investors
12:18 Intents and Buybacks
20:23 Staking and ETF Demand
26:34 The AI Opportunity
33:11 Many Models, Many Chains
38:37 AI Privacy
42:48 Closing Thoughts
---
RESOURCES
Sal Ternullo
https://x.com/sal_ternullo
Hunter Horsley
https://x.com/HHorsley
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures$VVV Community Call | September
Venice‘s Head of Strategy Jon, joins David for the September $VVV community call to unpack Venice reaching 250B daily tokens, the latest $VVV emissions cuts and $DIEM supply changes, accelerating burns, rising …
Show notes
Venice‘s Head of Strategy Jon, joins David for the September $VVV community call to unpack Venice reaching 250B daily tokens, the latest $VVV emissions cuts and $DIEM supply changes, accelerating burns, rising demand for private AI, Venice Minds, the upcoming data center rollout, and what comes next.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium---
[TIMESTAMPS]
0:00 Intro
0:21 September AI Update
2:12 Token Growth Surge
8:36 Emissions and Diem Supply
16:10 Burn Mechanics Explained
23:40 OpenAI Privacy Controversy
32:00 Data Retention Warnings
35:52 Anthropic's Retention Shift
39:24 Privacy Boosts Venice
43:03 Minds and Model Combinations
52:48 Staking and Burn Questions
55:47 Data Center and Near
59:37 Lumara Film Festival---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: Uptober Green Light? | Robinhood Goes All-In | $400M Bitget Hack | Prediction Markets to SCOTUS
Bitcoin just broke its bearish market structure, but surging bond yields could still test the rally. Ryan and David unpack Uptober, Robinhood’s trading push, the Bitget hack, and prediction markets’ path to the …
Show notes
Bitcoin just broke its bearish market structure, but surging bond yields could still test the rally. Ryan and David unpack Uptober, Robinhood’s trading push, the Bitget hack, and prediction markets’ path to the Supreme Court.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🎯 THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑 BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:09 Bitcoin Breaks Bearish Structure
https://www.coingecko.com/en/coins/bitcoin
https://x.com/hariskhantrader/status/2104621748591403035
6:35 Bond Yields, Liquidity & Macro Risk
https://x.com/KobeissiLetter/status/2105337195884052870
https://x.com/KobeissiLetter/status/2105355997892239838
https://x.com/EpsilonTheory/status/2105345560064745548
https://www.tradingview.com/symbols/TVC-MOVE/
https://x.com/KobeissiLetter/status/2105279482957369587
22:06 Robinhood Goes All-In
https://x.com/fintechfrank/status/2105082039733305734
https://x.com/TrustlessState/status/2105062331436966323
https://x.com/TrustlessState/status/2105063773165818119
https://x.com/TrustlessState/status/2105072369509257220
https://robinhood.com/us/en/agents/
33:19 BitGet Hack & NEAR Permissionless Debate
https://www.theblock.co/news/business/bitget-starts-phased-withdrawal-resumption
https://x.com/AlexAuroraDev/status/2104554958754357482
https://x.com/TrustlessState/status/2104955420401955273
https://x.com/kylekrason/status/2104562944457740481
https://x.com/near_intents/status/2105642219357241796
44:23 Prediction Markets Head to Court
https://www.legalreader.com/new-york-sues-polymarket-over-gambling-rules/
https://www.coinbase.com/blog/coinbase-receives-cftc-approval-for-coinbase-clearing-llc
48:29 Ethereum’s Cryptographic World Computer
https://x.com/VitalikButerin/status/2104160561374343176
https://x.com/cryptographicas/status/2104212366271390055
https://x.com/barnabemonnot/status/2104260847975707013
56:14 AI Agents & Bank Runs
https://x.com/JasonYanowitz/status/2104213040937812262
https://openai.com/index/introducing-dots/
---
Not financial or tax advice. See our investment disclosures here:
Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin Bram
What if the next major onchain trading platform looks less like a crypto exchange and more like Robinhood with institutional liquidity underneath? Variational co-founder Lucas Schumann and Head of Product …
Show notes
What if the next major onchain trading platform looks less like a crypto exchange and more like Robinhood with institutional liquidity underneath? Variational co-founder Lucas Schumann and Head of Product Justin Bram join David to unpack the broker model behind Variational, why they believe swaps can improve on perps for real-world assets, and how TradFi liquidity can be brought onchain without rebuilding every market from scratch.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Broker, Not Exchange
5:07 Why Brokerage Wins for Retail
8:22 What Is a Swap?
9:58 The Real Cost of Trading
11:43 Bringing TradFi Liquidity Onchain
14:44 Building Variational
23:14 From Crypto Traders to Everyone
26:42 The Next User Base
30:35 What Actually Happens Onchain?
34:00 Inside OLP
37:03 Arbitrum and User Funds
39:44 The VAR Token and 32% Airdrop
42:34 Funding the Token Model
44:11 The 2027 Roadmap
47:44 Protocol or Platform?
---
RESOURCES
Lucas Schuermann
https://x.com/variational_lvs
Justin Bram
https://x.com/JustinCBram
Variational
https://www.variational.io/en
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresBen Cowen Says You Have Permission to be Bullish
Ben Cowen is back on Bankless after publicly admitting one of his key Bitcoin calls was wrong. What changed? Ben and David unpack the breakout that challenged his bear-market thesis, whether the four-year cycle …
Show notes
Ben Cowen is back on Bankless after publicly admitting one of his key Bitcoin calls was wrong. What changed? Ben and David unpack the breakout that challenged his bear-market thesis, whether the four-year cycle is still intact, why Bitcoin is shrugging off a macro environment Ben expected to pressure it, and the crucial difference between easier monetary policy and genuinely abundant global liquidity.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Ben Cowen Admits What He Got Wrong
3:30 Did the Bear Market End Too Easily?
6:06 Why This Bear Market Looks Different From 2022
9:59 Is the Four-Year Cycle Still Alive?
12:27 What an Early Low Means for the Next Bull Market
14:02 Why Altcoins Are Already Moving
19:15 Monetary Policy vs. Global Liquidity
22:56 Does Altseason Need a Crisis?
28:13 Why Liquidity Could Stay Tight
31:56 Can Bitcoin Catch Up to Stocks?
34:41 Five Years of Restrictive Conditions
37:27 Is Retail Finally Coming Back?
45:46 Bitcoin Defies the Macro Setup
48:47 The Weekly Bitcoin Close That Matters
53:43 Building a Conference Around Disagreement
---
RESOURCES
Ben Cowen
https://x.com/benjamincowen
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: The Bull Market is On? | Zcash & NEAR | Kalshi Wash Trading | BlackRock Goes Onchain
The bull market may be back, but Bitcoin might not be leading it. Ryan and David break down the early-bull signals, Zcash and NEAR’s surge, rising yields, Kalshi’s wash-trading controversy, and BlackRock’s …
Show notes
The bull market may be back, but Bitcoin might not be leading it. Ryan and David break down the early-bull signals, Zcash and NEAR’s surge, rising yields, Kalshi’s wash-trading controversy, and BlackRock’s expanding crypto push.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🎯 THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑 BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:28 Early Bull Confirmed
https://thedefireport.io/research/early-bull-confirmed
https://x.com/benjamincowen/status/2102007452057079986
https://x.com/benjamincowen/status/2102572123185107151
https://x.com/saylor/status/2102011709808353551
13:23 New Bull Market Leaders
https://www.bankless.com/read/this-is-not-bitcoin-s-cycle
https://x.com/Delphi_Digital/status/2064430003731804517
https://www.coingecko.com/en/coins/zcash
https://www.coingecko.com/en/coins/near
https://x.com/TrustlessState/status/2100789397960704285
https://x.com/TrustlessState/status/2102787878552015357
https://x.com/CosimoCapital/status/2102886894115696978
33:18 Rising Yields & the Debasement Trade
https://x.com/Geiger_Capital/status/2103118843061182872
https://www.tradingview.com/symbols/TVC-US10Y/
https://www.tradingview.com/chart/KZYJV3ef/
https://www.oaktreecapital.com/insights/memo/shall-we-repeal-the-laws-of-economics---part-iii
42:29 Kalshi Wash Trading Drama
https://x.com/icobeast/status/2101358009477632410
https://x.com/beniduboss/status/2101459048247808010
https://news.kalshi.com/p/the-facts-behind-kalshi-s-perpetuals-volume
https://cointelegraph.com/news/kalshi-says-cftc-hasnt-contacted-it-over-unusual-5b-trading-activity
47:57 Vitalik Backs Trueo
https://www.coingecko.com/en/coins/true
https://x.com/VitalikButerin/status/2102143283493507554
https://x.com/Trueo_/article/2102123554162561272
54:37 New Tokens & Institutional Crypto Expansion
https://x.com/variational_io/status/2102929439063765192
https://x.com/Ondo/status/2103106602593087575
https://x.com/WSJmarkets/status/2103092730880569691
https://x.com/BlackRock/status/2102409739175141458
https://www.blackrock.com/us/individual/literature/whitepaper/the-machine-native-economy.pdf
---
Not financial or tax advice. See our investment disclosures here:
FOMO, Meme Stocks and Robinhood Chain | Andy8052 & Eric Conner
Meme coins are back, but this time the more interesting story may be what they're building around them. David sits down with Eric and Andy to unpack the latest meme-coin cycle, the rise of stock-paired memes on …
Show notes
Meme coins are back, but this time the more interesting story may be what they're building around them. David sits down with Eric and Andy to unpack the latest meme-coin cycle, the rise of stock-paired memes on Robinhood Chain, and the strange possibility that speculative trading could actually bootstrap liquidity for tokenized equities.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Meme Coins Are Back
5:47 Can Meme Markets Mature?
7:48 AI as a Safety Layer
13:10 Stock-Paired Meme Coins
17:01 Building Stronger Schelling Points
21:00 Will Public Companies Care?
28:56 The Community Takeover Scenario
32:18 Meme Coins as a Liquidity Engine
36:16 How Andy and Eric Use FOMO
42:39 What Signals Actually Matter
47:54 When Do You Sell a Loser?
52:26 FOMO Rewards and Public Trading Data
55:36 The $20K ETH Jinx
---
RESOURCES
Andy 8052
https://x.com/andy8052
Eric Conner
https://x.com/econoar
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresHow Robinhood is using the SEC's New Innovation Exemption | Johann Kerbrat
Robinhood is trying to erase the line between crypto markets and traditional finance. David sits down with Johann from Robinhood to unpack the rise of tokenized stocks, why so much activity is already happening …
Show notes
Robinhood is trying to erase the line between crypto markets and traditional finance. David sits down with Johann from Robinhood to unpack the rise of tokenized stocks, why so much activity is already happening outside normal trading hours, and what changes when equities become programmable, composable and available across DeFi.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Bringing Tokenization to the U.S.
2:17 How Robinhood Stock Tokens Actually Work
5:19 TradFi Pushback and Demand for Tokenized Stocks
7:59 Voting Rights, Redemption and DeFi Utility
10:29 What Happens When Stocks Trade on Weekends
13:42 Will Blockchain Become the Primary Market?
18:46 Robinhood Chain’s Early Traction
21:22 Beyond Stocks: Real Estate, Gold and More
24:22 How Robinhood Chooses What to Build
26:36 What U.S. Users Still Can’t Access
29:49 Combining Tokenized Stocks With Perps
32:51 Why Robinhood Chose Ethereum
35:32 AI Agents and the Next Robinhood Products
---
RESOURCES
Johann Kerbrat
https://x.com/JohannKerbrat
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: The Bull Market Test | Clarity Dies | SEC Opens the Door | Hyperliquid Comes Onshore
Crypto just shrugged off a Fed hike and the death of the Clarity Act. Ryan and David break down the early-bull signal, the SEC’s tokenized-stock breakthrough, the coming options race, and Hyperliquid’s path …
Show notes
Crypto just shrugged off a Fed hike and the death of the Clarity Act. Ryan and David break down the early-bull signal, the SEC’s tokenized-stock breakthrough, the coming options race, and Hyperliquid’s path into the U.S.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🎯 THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑 BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:26 Bull Market Signals: BTC, Zcash & Altcoins
https://x.com/econoar/status/2099874713539604734
https://x.com/TrustlessState/status/2100286172253815281
https://x.com/AviFelman/status/2100288435474825301
https://x.com/NEARProtocol/status/2099968050405495246
https://x.com/NEARProtocol/status/2099883498848784778
8:39 Macro: Tom Lee, Bonds & the Fed Hike
https://x.com/StockMKTNewz/status/2100267546683543913
https://x.com/geiger_capital/status/2099503989364609340
https://x.com/CNBC/status/2100284014221295770
https://www.cnbc.com/2026/09/16/trump-fed-interest-rate-warsh.html
23:43 Clarity Act Falls Apart
https://x.com/CoinDesk/status/2099429197034766830
https://x.com/tradfi/status/2099319531168731528
https://x.com/Polymarket/status/2099529644596731950
https://x.com/EleanorTerrett/status/2100389230874689650
26:27 Regulators Fill the Gap: SEC & Tokenized Stocks
https://x.com/chairmanselig/status/2100232064259735589
https://x.com/SECPaulSAtkins/status/2100256253645668860
https://x.com/hosseeb/status/2100274788170162522
https://x.com/SECPaulSAtkins/status/2100572313334821271
https://x.com/Bankless/status/2100582318335275190
https://x.com/NateGeraci/status/2100581006004691453
42:31 The Crypto Options Race
https://thedefireport.io/research/the-watch-list-derive-drv
https://www.bankless.com/podcast/crypto-is-ready-for-onchain-options-nick-forster-ceo-of-derive
https://x.com/TrustlessState/status/2100297485147406766
45:46 Hyperliquid Comes Onshore
https://x.com/Payward/status/2100178016617869710
https://www.payward.com/press-release/payward-hyperliquid-onchain-perpetual-futures
48:38 Arc Chain Launches
https://x.com/arc/status/2100170550857404852
50:50 OpenZeppelin Joins S&P Global
https://x.com/OpenZeppelin/status/2100557026438848568
---
Not financial or tax advice. See our investment disclosures here:
Arc Mainnet, AI Agents, and Tokenized Markets | Nikhil Chandhok, CTO of Circle
Circle just launched Arc Mainnet, and its ambition is much bigger than putting USDC on another blockchain. Circle Chief Product and Technology Officer Nikhil Chandhok joins David on launch day to unpack the …
Show notes
Circle just launched Arc Mainnet, and its ambition is much bigger than putting USDC on another blockchain. Circle Chief Product and Technology Officer Nikhil Chandhok joins David on launch day to unpack the vision for an “economic OS” built around fast settlement, stablecoin gas, privacy, and institutional-grade financial infrastructure.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Arc Mainnet Is Live
2:57 The “Economic OS” Vision
5:29 Validators, Privacy and Post-Quantum Security
8:27 How Private Is Arc?
12:24 Immutability and the Lazarus Test
16:14 What Gets Built on Arc First?
19:19 AI Agents Become Economic Actors
26:45 Agentic Commerce Gets Real
33:17 Reputation, Nano-Payments and Agent Credit
36:37 Tokenized Stocks and 24/7 Markets
39:59 Solving the On-Ramp and FX Problem
47:39 What Happens After Launch Day?
49:16 Closing Thoughts
---
RESOURCES
Nikhil Chandhok
https://x.com/chandhok
Arc
https://www.arc.io/
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresCrypto is Ready for Onchain Options | Nick Forster, CEO of Derive
Getting the direction of ETH right doesn’t guarantee you survive the trade. Derive co-founder Nick Forster joins David Hoffman to unpack why crypto’s options market has lagged behind perps, and why he believes …
Show notes
Getting the direction of ETH right doesn’t guarantee you survive the trade. Derive co-founder Nick Forster joins David Hoffman to unpack why crypto’s options market has lagged behind perps, and why he believes that is changing. From the October 10 crash to a $300,000 Ethereum trade, they explore the different risks of leveraged bets, where options-based yield comes from, and why the deadline matters.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Why Options Lagged
5:56 The October 10 Shift
9:03 Options vs. Perps
21:37 Market Size & Economics
27:26 Derive’s HYPE Strategy
30:01 Why Onchain Matters
33:09 Inside the Risk Engine
35:51 What V3 Changes
38:02 Options in Everyday Apps
41:53 Does Volume Lift Prices?
44:08 Following Derive
---
RESOURCES
Nick Forster
https://x.com/nickforster
Derive
https://x.com/DeriveXYZ
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy
Crypto speculation is back, but is this really a new bull phase? Ryan and David unpack the altcoin surge, Treasury’s escalating bond-market fight, Robinhood’s tokenized stock boom, and the OpenAI controversy …
Show notes
Crypto speculation is back, but is this really a new bull phase? Ryan and David unpack the altcoin surge, Treasury’s escalating bond-market fight, Robinhood’s tokenized stock boom, and the OpenAI controversy raising new questions about AI, privacy, and ownership.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓 NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
🎯 THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑 BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS & RESOURCES
0:00 Intro
2:03 Altcoin Season & Degen Debasement Trade
https://www.tradingview.com/symbols/BTC.D/
https://x.com/JustDeauIt/status/2095608847381733386
16:00 Treasury vs. The Bond Market
https://x.com/KobeissiLetter/status/2097708859531923682
https://x.com/KobeissiLetter/status/2097719382533177507
https://x.com/uncnooman/status/2097579298181853548
https://x.com/Hedgeye/status/2098029288092013024
https://x.com/Hedgeye/status/2098045985926914317
https://x.com/KobeissiLetter/status/2097746862463955076
27:31 Robinhood Chain & AMC’s Tokenized Stock War
https://x.com/0xcarlosg/status/2096919808235208766
https://x.com/uttam_singhk/status/2096903386168021033
https://x.com/Pumpfun/status/2097785975434846285
https://x.com/haydenzadams/status/2095874039927509161
https://x.com/haydenzadams/status/2095932954417451020
https://x.com/CEOAdam/status/2095622531524784212
https://x.com/vladtenev/status/2095711439810159027
https://x.com/CEOAdam/status/2095761359388520460
https://x.com/Ryan__Rigg/status/2097744223269188000
https://x.com/TrustlessState/status/2098063002205659638
40:12 OpenAI Math & Privacy Controversy
https://x.com/OpenAI/status/2097374640582668336
https://x.com/OpenAI/status/2097375276384567642
https://x.com/hosseeb/status/2097217378753106336
https://x.com/TrustlessState/status/2097396382982340783
52:30 Hunter Biden’s LAPTOP Memecoin
https://x.com/WatcherGuru/status/2097696366596071825
https://x.com/HunterBiden/status/2097790749861638547
55:00 MetaMask Split & Ethereum’s Smart Wallet Future
https://x.com/MetaMask/status/2097689508187680794
https://x.com/TrustlessState/status/2097054140350554620
https://x.com/VitalikButerin/status/2096370186094076098
https://x.com/ethlabs_org/status/2097838222621446629
1:03:24 Clarity Act’s Do-or-Die Vote
---
Not financial or tax advice. See our investment disclosures here:
The New Economics of Crypto Tokens | Austin Barack
What if the most interesting crypto investments of the next cycle aren’t new blockchains at all? RockawayX Liquid founder Austin Barack joins David to explain why his attention has shifted toward a small group …
Show notes
What if the most interesting crypto investments of the next cycle aren’t new blockchains at all? RockawayX Liquid founder Austin Barack joins David to explain why his attention has shifted toward a small group of applications with real users, rapidly growing revenue, and increasingly explicit token value capture.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner
https://bankless.cc/bitkey
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
0:00 Finding Growth and Value in Crypto
4:17 Why Liquid Tokens Are Winning His Attention
7:00 How Austin Values Venice and VVV
15:34 The Biggest Bet in the Venice Model
24:53 Can Venice Balance Growth and Token Value?
32:53 Venice Growth and the OpenRouter Signal
37:31 Can Fundamental Tokens Outperform the Crypto Cycle?
43:50 Pump, Hyperliquid and EtherFi
48:57 EtherFi’s Shift Into a Neo Brokerage
58:24 Why the Market Discounts Pump
1:02:42 The Next Era of Crypto
---
RESOURCES
Austin Barack
https://x.com/AustinBarack
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
These are the latest 40 of 592 episodes. You’ll find older episodes in the podcast’s feed.
Similar podcasts
More News podcasts
Is this your podcast?
Confirm it with an entry in your feed: you get a code here, add it as podcast:txt to the channel of your feed, and we check it. Your podcast is then shown as “verified” on SoundNode.