Bankless
Bankless Premium Feed
Dive into the world of decentralized finance with the "Bankless" podcast, brought to you by Bankless Premium Feed. This pioneering show delivers invaluable insights and forward-thinking ideas aimed at helping you navigate the ever-evolving landscape of crypto and beyond. Each episode features in-depth discussions, expert interviews, and practical advice on how to stay ahead in the increasingly digital economy, emphasizing blockchain technology, Ethereum, Bitcoin, and other pivotal components of the DeFi space. "Bankless" is more than just a podcast; it's a comprehensive guide for those aspiring to a future where financial systems are open, borderless, and more accessible. The hosts explore not only the technological implications of digital currencies but also delve into their socio-economic impact, regulatory challenges, and the philosophical questions surrounding a world moving towards full decentralization. Whether you're a crypto novice or a seasoned enthusiast, "Bankless" offers the tools and knowledge needed to thrive on the frontier of finance.
Episodes
ETH ETFs Begin Trading | Matt Hougan
In this episode, the hosts from Bankless Premium Feed delve into the historic launch of Ethereum ETFs. They highlight the unprecedented trading volume and inflows on the first day, with over 1.1 billion dollars in volume and 100 million dollars in net inflows. The discussion covers the implications of these ETFs for both retail and institutional investors, including potential price impacts and the differences between Bitcoin and Ethereum ETFs. Matt Hougan shares insights on the ETF launch, emphasizing Bitwise's success and the positive reception from the crypto community. The episode also explores how traditional finance (TradFi) companies like BlackRock and Fidelity are positioning their Ethereum ETFs and the importance of crypto-native asset managers in this evolving market. Finally, the hosts discuss future expectations, the role of ETH's unique characteristics such as its utility and staking mechanism, and potential long-term price predictions.
Live: Eric Balchunas on The $ETH ETF Launch
In this episode of Bankless Premium Feed, the host discusses the historic launch of the Ethereum ETF with guest Eric Balchunas, a senior ETF analyst from Bloomberg. The episode kicks off with a brief overview of the day's events, highlighting that the Ethereum ETF launch was a significant milestone for the crypto industry. Eric provides an in-depth analysis of the ETF's performance, noting that it achieved 23% of what the Bitcoin ETF did on its first day, which was considered a solid performance. He explains the market dynamics, comparing the launch to previous ETF debuts and emphasizing the robust trading volume, which surpassed $1 billion. The conversation also touches on the differences between Bitcoin and Ethereum ETFs, with Ethereum being seen more as a tech play. They discuss the marketing strategies employed by major firms like BlackRock and Fidelity, and the impact of these ETFs on the broader financial markets. Eric highlights the importance of trading volumes and low fees for the success of ETFs, predicting a positive outlook for Ethereum ETFs in the coming weeks. The episode concludes with a reflection on the potential future of Ethereum in the ETF market and its implications for investors.
Why Banks Suck, The Great Taking & How To Prepare | Mel Mattison
In this episode of the Bankless Premium Feed, host Ryan Sean Adams explores why traditional banks are problematic and discusses potential financial disruptions with guest Mel Mattison. The conversation begins by addressing the centralization and corruption within the banking system, highlighting the unholy alliance between sovereign governments and private banks. Mattison outlines historical perspectives, such as Thomas Jefferson's views on banking establishments, and explains the role of institutions like the Bank for International Settlements (BIS). The discussion moves to the "Great Reset," a term used to describe an anticipated significant shift in the financial system. Mattison emphasizes the need for individuals to invest in crypto and hold their private keys as a safeguard against upcoming economic turbulence. The episode also touches on the historical context of monetary systems, the potential for a post-central bank world, and the long-term negative effects of the current financial system's short-term fixes.
ROLLUP: Trump Pump | ETH ETF Next Week | Mt. Gox & Germany | Crypto Wars 2.0
In this episode, Ryan and David cover a variety of pressing topics in the crypto world. They start by discussing the political climate surrounding crypto, particularly the nomination of pro-crypto Senator JD Vance as Trump's vice president pick. They delve into the potential impacts of this nomination on the crypto market and policy. The episode then transitions to the long-awaited Ethereum ETF, set to launch next week, and its potential to significantly influence the market. They also discuss the Mt. Gox coin distribution, explaining its minimal expected impact on the market due to adequate liquidity and prepared absorption. Finally, they provide updates on the Roman Storm case in Crypto Wars 2.0, highlighting the judge's understanding of the broader implications for crypto. The hosts also touch on new developments like Uniswap's browser extension wallet and the German government's sale of its Bitcoin holdings. The episode is rich with insights into the interplay between politics and crypto, market dynamics, and legal battles shaping the future of the industry.
Making America Pro-Crypto | Congressman French Hill
In this episode, the hosts from Bankless Premium Feed engage with Congressman French Hill to discuss the shifting attitude of the United States towards cryptocurrency and blockchain technology. Congressman Hill highlights the momentum building in Washington, D.C., for a more crypto-friendly environment, emphasizing the importance of legislative efforts and bipartisan support. Key topics include the potential impact of Trump's new vice president, JD Vance, on crypto policy, the repeal of SAB 121, and the roadmap for future crypto legislation. The episode also delves into the role of Gary Gensler and the SEC, the importance of maintaining a bipartisan approach to crypto regulation, and the implications of the recent assassination attempt on President Trump for the political climate. Congressman Hill shares his perspective on the benefits of blockchain technology, including increased efficiency, reduced fraud, and lower costs. He also discusses the future of crypto legislation, emphasizing the need for a national privacy law and the potential for tokenizing various asset classes. The episode concludes with a discussion on the upcoming elections and their potential impact on America's stance on crypto.
Is SOL Undervalued? 83% Discount to ETH? | Michael Nadeau
In this episode, the host Ryan Sean Adams from Bankless interviews Michael Nadeau, a crypto analyst, to evaluate whether Solana (SOL) should be trading at an 83% discount to Ethereum (ETH). They delve into various metrics, comparing Solana’s daily active users, fee revenues, decentralized exchange volumes, stablecoin volumes, total value locked (TVL), and core developer activity to Ethereum’s. Despite the current trading discount, Solana has shown impressive growth and significant user activity, which suggests it might be undervalued. The discussion also covers upcoming catalysts for both networks, such as Solana's Fire Dancer validator client and the potential for an Ethereum ETF. The episode provides insights into the fundamental differences between the two blockchains and their respective value accrual mechanisms. Michael concludes that while Ethereum remains a dominant force, Solana’s potential for growth could reduce the trading discount, possibly bringing it closer to 25% of Ethereum’s market cap in this cycle.
Stocks Up & Crypto Flat...Why? | Jim Bianco
In this episode of the Bankless Premium Feed, host Ryan Sean Adams explores the reasons behind the rising stock market and the flat performance of the crypto market with guest Jim Bianco. Jim Bianco, a renowned macro investor, provides insights into the current state of tech stocks, the US economy, and the future of crypto. The discussion delves into whether the tech stock surge is a bubble or a sustainable breakout, and why the crypto market isn't experiencing the same momentum. They examine the impact of AI on tech stocks, the potential for a muted crypto cycle, and the implications of the recent crypto ETFs. The episode also covers the broader economic landscape, including the Federal Reserve's actions on inflation and interest rates, and what future events might influence the markets. Bianco offers a contrarian view on crypto ETFs, emphasizing the need for crypto to develop beyond just being a high-leverage version of traditional finance. The episode concludes with actionable advice for navigating these markets and a reflection on the potential long-term impacts of current trends.
ROLLUP: Stocks vs. Crypto | EthCC Recap | Trump BTC Conf Speaker | ETH Documentary Release
In this episode, hosts Ryan Sean Adams and David Hoffman provide a comprehensive weekly update on the crypto market and related news. They discuss the latest trends and developments in both the stock and crypto markets, highlighting the recent bearish sentiment in crypto compared to the bullish trends in stocks, particularly driven by AI innovations. They delve into the events and discussions from the EthCC conference in Brussels, noting key themes like pre-commitments, base rollups, and security advancements. The hosts also touch upon the political landscape, with the GOP integrating crypto into their platform and Trump's involvement in the BTC conference. Additionally, they celebrate the release of a new Ethereum documentary and cover other significant news such as the Bitcoin ETF's progress and the impact of tokenization on traditional finance. The episode wraps up with market updates, actionable advice for investors, and insights into upcoming events and trends in the crypto world.
Why You Should Leave Your Country | Andrew Henderson
In this episode, hosts Ryan Chaun Adams and David Hoffman interview Andrew Henderson, an expert on obtaining multiple citizenships and founder of Nomad Capitalist. They explore the reasons why people should consider getting a second or third citizenship, especially in the current global climate where governments may become increasingly hostile towards certain groups, such as crypto enthusiasts. Henderson shares insights on the benefits of having multiple citizenships, including tax reduction, greater personal freedom, and a secure exit strategy if the situation in one's home country deteriorates. He also discusses the practical steps and costs involved in obtaining additional citizenships, ranging from investment programs to leveraging ancestral ties. The episode provides a comprehensive overview of how to navigate the complexities of becoming a global citizen and the potential advantages of doing so.
Mike Solana: Trump, Crypto, Tech, Politics & Memetic Wars
Mike Solana, the editor of Pirate Wires and CMO of Founders Fund, joins Bankless to discuss a range of topics from the Trump meme coin to the broader state of tech and politics. Solana opens up about his feelings regarding the use of his last name in the crypto space and his insights into the Trump coin controversy. The discussion broadens to examine why the tech industry has shifted right, the Democrats' stance on crypto, and the ideological battles within tech. Solana offers his perspective on the state of media, the role of social media, and the concept of memetic wars. The conversation delves into the future of tech regulation, the growth versus degrowth debate, and the importance of being skeptical in the age of information manipulation. Solana's unique vantage point, straddling tech, politics, and media, provides a nuanced view of the current landscape and its implications for the future.
Rollup: ETF Final Countdown | Polymarket's Huge Breakout | Chevron Defense | SEC Sues Metamask
In this episode, Ryan and David cover significant events in the crypto space. They start by discussing the anticipated ETH ETF, which could be a game-changer for Ethereum, with potential trading starting around July 8. The hosts delve into the implications of the Supreme Court's decision to overturn the Chevron deference, highlighting its potential positive impact on the crypto industry by limiting regulatory overreach. They also talk about the SEC's recent lawsuits against ConsenSys and Metamask, and their designation of staked ETH as securities. Additionally, the episode explores the rapid adoption of crypto in South America and Polymarket's surge in popularity as a prediction market platform. The hosts celebrate the Fourth of July by reflecting on the historical significance of the Declaration of Independence and its parallels to the principles of decentralization in the crypto world. They wrap up with updates on various crypto market movements, significant token unlocks, and a bullish outlook for Ethereum.
Chevron Deference: 40-Year Decision Reversed & Explained | Justin Slaughter
In this episode, the hosts discuss the significant impact of the Supreme Court's decision to overturn Chevron deference, a 40-year-old legal principle that mandated courts to defer to administrative agencies' interpretation of ambiguous statutes. This landmark ruling could fundamentally change the landscape of regulatory authority in the United States. The discussion is particularly relevant to the crypto industry, as the Chevron deference has been cited in arguments involving the SEC's regulatory reach over digital assets. Guest Justin Slaughter, policy director at Paradigm and former senior advisor at the SEC and CFTC, provides an expert perspective on the historical context and future implications of this decision. The conversation covers the origins of the administrative state, the balance of power between courts and agencies, and the potential for increased legislative activity in Congress. The episode underscores the complexity of regulatory frameworks and the importance of proactive legislative solutions in adapting to technological advancements like cryptocurrency.
ETH ETF: Bullish or Bearish? | Alex Thorn & Matt Hougan
In this episode of Bankless, hosts David Hoffman and Ryan Sean Adams explore the bullish and bearish scenarios for the incoming ETH ETF with guests Matt Hogan and Alex Thorne. Both guests, representing prominent ETF issuers, provide their market analyses and predictions for the Ethereum ETF. They discuss potential inflows, the impact of the ETH e Trust from Grayscale, and the broader market implications. The conversation highlights the similarities and differences between the bitcoin ETF launch and the upcoming ETH ETF, emphasizing the unique factors that could influence demand and price. Hogan and Thorne also share their methodologies for estimating inflows, considering factors such as market cap ratios and existing ETP markets. The episode provides a comprehensive overview of the factors that could drive or hinder the success of the ETH ETF, making it a must-listen for investors and crypto enthusiasts interested in the future of Ethereum and the broader crypto market.
ROLLUP: Solana ETF? | $Blast L2 Launch | Solana's Blink & ZK Compression | ETH ETF Next Week?
In this episode of the Bankless Premium Feed, hosts Ryan Sean Adams and David Hoffman explore several significant events in the cryptocurrency space. They begin by discussing the possibility of Solana receiving an ETF, filed by VanEck, which could position Solana to upstage the much-anticipated Ethereum ETF expected next week. The hosts express skepticism about the approval process under the current administration but highlight the competitive nature of ETF filings among major financial firms. The conversation then shifts to Solana's technological advancements, including ZK Compression and Blinks, which aim to enhance scalability and user experience. The hosts explain how Blinks enable seamless integration of blockchain links into web2 experiences, making it easier for users to interact with Solana-based applications. They also discuss ZK Compression's potential to significantly reduce costs and increase throughput on the Solana network. Another highlight is the launch of the Blast L2 token, which saw a substantial airdrop to users. The hosts analyze the market reaction, noting the $2 billion fully diluted valuation and the implications for the broader layer-2 ecosystem. They also touch on market trends, including the performance of Bitcoin and Ethereum, and regulatory challenges facing the industry, particularly from the SEC.
PleasrDAO Releases Secret Wu-Tang Album | Leighton Cusack & Matt Metkov
In this episode, Bankless delves into the unique journey of the Wu-Tang Clan's "Once Upon a Time in Shaolin" album, a singular piece of music history created as a protest against the devaluation of music in the digital age. Originally sold to controversial pharmaceutical executive Martin Shkreli, the album was later seized by the U.S. government and auctioned to PleasrDAO, a decentralized autonomous organization (DAO) known for acquiring high-value digital and physical art pieces. The hosts, joined by Leighton Cusack and Matt Metkov from PleasrDAO, discuss the significance of this album as a bridge between the physical and digital realms of art. They explore the implications of digital ownership and the potential for blockchain technology to restore value to music. The episode highlights the ongoing efforts to make the album more accessible to the public while maintaining its unique status. Cusack and Metkov share insights into the DAO's mission, the technological innovations involved, and the broader impact on the music industry and digital ownership.
Is Crypto Still in a Bull Run? | RSA+DH
In this episode, the hosts discuss the shift in crypto market sentiment and analyze various factors contributing to the current bearish outlook. They delve into the potential impacts of the Ethereum ETF, the Mount Gox bitcoin distribution, and the lack of new crypto use cases. The hosts argue that while recent market actions have been bearish, there are still reasons to remain optimistic. They highlight how bearish sentiments are often overblown and emphasize the importance of long-term perspectives. Additionally, the episode touches on the oversupply of tokens, regulatory shifts, and macroeconomic factors affecting the market. Throughout the discussion, the hosts provide a balanced view, weighing both the bearish and bullish cases, and offering actionable advice for navigating the current market conditions.
The Case for Authoritarianism | Vitalik Buterin & Noah Smith
In this episode of the Bankless Premium Feed, hosts Ryan Sean Adams and David Hoffman engage with guests Vitalik Buterin, co-founder of Ethereum, and Noah Smith, an economist, to explore the provocative question: Could authoritarianism potentially outcompete liberal democracies in the 21st century? The conversation centers on the hypothesis that technological advancements, particularly the Internet and AI, have significantly reduced the cost of information aggregation, potentially leveling the playing field for authoritarian regimes. The discussion delves into historical contexts, such as the impact of the printing press and other information technologies, to compare how these changes have historically influenced societal structures. Noah presents a case for how the current digital age might favor centralized information control, arguing that authoritarian states could leverage modern technology to gather and act on data more efficiently than liberal democracies. Vitalik adds depth to the conversation by comparing digital information warfare to traditional physical warfare, suggesting that the dynamics of information dissemination and control could significantly impact global political structures. The episode challenges listeners to consider the non-linear impacts of information technology on governance and to think critically about the future of liberalism in an increasingly digital world.
Why We Should Fight for Freedom of Speech | Greg Lukianoff
In this episode of the Bankless podcast, Greg Lukianoff, president and CEO of the Foundation for Individual Rights and Expression (FIRE), joins hosts David Hoffman and Ryan Sean Adams to delve into the significance of freedom of speech. The discussion covers the historical evolution of free speech, its foundational role in democratic societies, and its critical importance in the digital age. Lukianoff explains that freedom of speech is not just a legal right but a cultural value that underpins open societies, fostering innovation, progress, and authentic self-expression. The conversation also explores the challenges posed by new technologies like the internet and blockchain, which have revolutionized communication but also created complex issues around censorship and free expression. Lukianoff emphasizes that while the First Amendment provides robust protections in the U.S., a healthy free speech culture is essential to uphold these freedoms. The episode also touches on global perspectives, contrasting the American experience with more restrictive environments and highlighting the ongoing struggle to maintain open discourse in the face of rising authoritarianism and digital disruptions.
ROLLUP: ETH Beats SEC! | Trump Coin? | LayerZero Token | ETH ETF Trading Soon
In this packed episode of Bankless, hosts Ryan and David discuss a week full of pivotal events for the crypto community. The highlight is Ethereum's major legal win against the SEC, positioning Ethereum more clearly in the regulatory landscape. The episode also covers the buzz around a controversial Trump Coin, believed to be connected to Martin Shkreli and rumored, though unconfirmed, involvement from Barron Trump. LayerZero's token drop is another focal point, discussing its impact and the mechanics behind its distribution. Additionally, the hosts touch on the broader market trends, notable shifts in Bitcoin and Ethereum prices, and the implications of new airdrops and ETF developments.
Diaries of an ETH Maxi on Wall Street | Sam Jernigan
In "Diaries of an ETH Maxi on Wall Street," host Ryan from Bankless engages with Sam Jernigan, a former Wall Street insider turned Ethereum evangelist. Sam shares his journey from skepticism to advocacy, highlighting Ethereum's underappreciated potential in global financial systems. With insights into Ethereum's programmable environment and its reception among financial elites, the episode unpacks the transformative impact Ethereum could have on traditional banking and investment sectors. Sam's firsthand experiences provide a unique perspective on Ethereum's challenges and opportunities within the heavily regulated landscape of Wall Street.
ETH to $22k by 2030? | VanEck's Matthew Sigel
In this episode, Matthew Sigel from VanEck delves into the firm's report predicting Ethereum's future value by 2030. The discussion centers around three price scenarios: a bearish $340, a base case of $22,000, and a bullish $154,000. Sigel explains the factors influencing these predictions, such as Ethereum's market penetration in finance, advertising, infrastructure, and AI sectors. He emphasizes Ethereum's potential to become an open-source app store for financial applications, outperforming traditional financial systems through decentralization and innovation. The conversation covers the impact of macroeconomic factors, technological advancements like the Den Koon fork, and regulatory environments on Ethereum's growth. Sigel also highlights the benefits of incorporating Ethereum and Bitcoin into traditional investment portfolios, enhancing risk-adjusted returns. The episode provides a comprehensive analysis of Ethereum's potential market share, value capture, and the role of ETFs in mainstream adoption.
CZ, Bull Market Predictions & The Future of Binance | New CEO Richard Teng
In this engaging episode, Ryan Sean Adams and David Hoffman of Bankless interview Richard Teng, the newly appointed CEO of Binance, the world's largest cryptocurrency exchange. Teng shares his journey into the world of crypto, starting in 2017 when he attended a futures industry association event and became intrigued by the potential of blockchain technology. He details his career progression from traditional finance, including roles at the Singapore Exchange and Abu Dhabi Global Market, before joining Binance in August 2021 as the CEO of Binance Singapore. The conversation covers the transition of leadership from Binance founder CZ, who is currently serving a prison sentence, to Teng. They discuss Binance's plans to grow its user base to a billion users, the importance of regulatory clarity for mainstream adoption, and the challenges Binance faces in different jurisdictions. Teng emphasizes the mission to support the freedom of money and highlights the need for a balance between regulation and innovation. The episode also touches on the detention of Binance executives in Nigeria and Teng's optimistic predictions for the future of the crypto market.
ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade
In this episode of the Bankless Premium Feed, host David Hoffman, joined by guest Anthony Cesano, delves into recent major developments in the crypto space. The episode kicks off with a discussion on the ZkSync airdrop, highlighting the substantial 17.5% token distribution to nearly 700,000 wallets. The conversation then shifts to Optimism's groundbreaking introduction of the first-ever permissionless fault proofs, marking a significant step towards further decentralization and enhanced security for layer twos. The hosts also cover the upcoming Pectra Ethereum upgrade, which is set to be one of the most impactful upgrades in Ethereum's history, including features like Max EB and peer DAS for better scalability and lower fees. Throughout the episode, they touch on market movements, macroeconomic factors, and the anticipation of ETH ETFs going live. The episode is rounded out with discussions on layer two activities, the importance of decentralization, and the continuous evolution and challenges within the crypto ecosystem.
BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus
In this episode, the hosts of Bankless interview Robin Linus, one of the primary authors of the BitVM whitepaper. BitVM aims to introduce Turing complete smart contracts to the Bitcoin network, similar to Ethereum's smart contracts but adapted to Bitcoin's unique architecture. Linus discusses the technical challenges and innovations behind BitVM, including the use of Lamport signatures to introduce statefulness in Bitcoin scripts. The conversation covers the development journey, potential applications, and the broader impact of BitVM on Bitcoin scalability. Linus also shares his perspective on the current state of Bitcoin development, the importance of scalability, and his vision for the future of Bitcoin as both a currency and a financial system. The episode provides a deep dive into the technical aspects of BitVM, its potential to revolutionize Bitcoin, and the philosophical motivations driving Linus's work in the crypto space.
The Trillion Dollar ETH Pitch | RSA+DH
In this episode, the hosts, Ryan and David Hoffman, explore the best ways to present Ethereum (ETH) to traditional financial investors, particularly those interested in the upcoming Ethereum ETF. The discussion revolves around shaping the narrative for Ethereum to appeal to an audience unfamiliar with crypto-native concepts. They highlight seven key narratives to pitch Ethereum, emphasizing the need to tailor the message to resonate with a more conventional investor base. The hosts engage in a friendly competition, each presenting their own pitch for Ethereum, which is then evaluated by the Bankless community. The winning pitch earns bragging rights and a unique POAP NFT. Throughout the episode, they discuss the importance of simplifying complex crypto concepts, such as Ethereum's programmability, its role as an app store and operating system, and its potential as a platform for tokenizing assets. The episode concludes with actionable advice on how to effectively communicate the value of Ethereum to traditional investors, aiming to bridge the gap between the crypto world and mainstream finance.
The End of the Petrodollar | Luke Gromen
In this episode of Bankless, hosts Ryan Sean Adams and David Hoffman delve into the intersection of energy and money with guest Luke Gromen. Gromen argues that understanding energy markets is crucial to comprehending the future of monetary systems. He posits that the relationship between energy and money, especially oil, is set to force a massive shift in the global monetary system. The discussion covers the historical context of the petrodollar system, the implications of rising energy costs, and the potential deflationary impact of AI and robotics on the economy. Gromen emphasizes that energy is the base layer of money and explains how the inability of global central banks to maintain the current debt-backed monetary system could lead to significant changes. He also highlights the actions of countries like China and Russia in moving away from the dollar to gold-backed currencies. The episode is rich with insights into how geopolitical strategies and technological advancements could reshape the financial landscape, offering listeners a comprehensive understanding of the forces at play.
ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto
In this episode, the hosts Ryan and David dive into a week full of significant crypto developments. They start with the Bitcoin ETF, which has seen a resurgence in interest and substantial inflows, nearly hitting record levels. This bullish sentiment extends to the Ethereum ETF, with discussions about its potential impact on the market once approved. Robinhood's acquisition of Bitstamp is another major highlight, showcasing the platform's commitment to expanding its crypto offerings and global footprint. The episode also touches on President Biden's controversial veto of the SAB-121 bill, which was seen as a setback for pro-crypto legislation. This decision has led to debates about the future of crypto regulation and its impact on the industry. The hosts also discuss the growing profitability of layer two solutions, the substantial total value locked (TVL) in various protocols, and the impressive financial health of the crypto sector despite market fluctuations. Additionally, the episode covers market manipulation concerns, celebrity meme coins, and the ongoing culture wars within the crypto community.
When Will We Go Parabolic This Cycle? | RSA+DH
In this episode of the Bankless Premium Feed, the hosts discuss the stagnation in the current crypto cycle and debate whether the bull market has truly begun. They analyze the impacts of various market factors, such as the recent performance of Bitcoin and Solana, the potential influence of Ethereum ETFs, and China's increasing gold reserves. The episode delves into the concept of the "banana zone," a term coined by Raoul Pal, to describe the phase of explosive growth in crypto prices. They also touch upon macroeconomic factors like global liquidity and interest rates, which could trigger the next significant market rally. The hosts consider various scenarios, from a premature bull market driven by isolated events to a delayed but massive bull run still on the horizon. Additionally, they explore the role of meme coins and celebrity tokens as potential catalysts for retail investor engagement, though with some skepticism. Overall, the episode provides a comprehensive analysis of the current crypto landscape and what might lie ahead.
The Ethereum vs. Solana Debate | Justin Drake vs. Anatoly Yakovenko
In this debate-style episode of Bankless, hosted by Ryan Sean Adams and David Hoffman, Ethereum researcher Justin Drake and Solana co-founder Anatoly Yakovenko discuss the strengths and weaknesses of their respective blockchain ecosystems. The episode kicks off with a discussion on the positive aspects of Solana and Ethereum, highlighting Solana's high throughput, low fees, and user-friendly experience, while acknowledging Ethereum's robust security and extensive network. The conversation then shifts to the challenges each platform faces, including Ethereum's transaction latency and the complexity of its virtual machine, and Solana's issues with outages and centralization risks. The episode emphasizes the significance of network effects, the potential for future technological advancements, and the impact of economic security on blockchain performance. Both guests provide insightful perspectives on the future of blockchain technology, the role of hardware improvements, and the balance between decentralization and performance.
ROLLUP: ETH Price Target | ETF Launch Date | Celebcoin Drama | Major New L2s
In this episode, hosts Ryan Sean Adams and David Hoffman delve into the recent approval of the Ethereum ETF and its implications for the crypto market. They discuss why the ETH price hasn't significantly moved despite the ETF approval, highlighting market dynamics and investor sentiments. The conversation shifts to the political landscape, with mentions of Trump and Biden's evolving stances on crypto, and the introduction of celebrity coins like Jenner Coin and their controversial impacts. They also provide updates on new Layer 2 technologies, including ENS's plans for its own Layer 2 solution and the launch of Tyco's ZK EVM. Throughout the episode, the hosts offer insights into the market's reactions and speculate on future trends, emphasizing the importance of regulatory clarity and market adoption.
In This Economy? How Money & Markets Really Work | Kyla Scanlon
In this episode of the Bankless Premium Feed, Kyla Scanlon breaks down complex economic concepts into understandable terms. She explores the mechanisms behind money and markets, discussing how they interact and influence each other. Kyla highlights the importance of understanding these fundamentals, especially in the context of the current economic landscape. The conversation covers topics such as monetary policy, market dynamics, and the psychological aspects of economic behavior. Through engaging explanations and practical examples, Kyla demystifies the workings of the economy, making it accessible to listeners of all backgrounds. The episode is a must-listen for anyone looking to gain a deeper understanding of economic systems and how they affect our daily lives.
Stablecoins and National Security | Former CFTC Chair Timothy Massad
In this episode of Bankless Premium Feed, hosts Ryan Sean Adams and David Hoffman explore the intersection of stablecoins and national security with former CFTC Chair Timothy Massad. They discuss the growing importance of stablecoins in the financial landscape, drawing parallels with the historical development of eurodollars. Massad highlights the advantages of stablecoins, such as innovation and open access, while addressing concerns about governance and identity verification on decentralized blockchains. He emphasizes the need for a regulatory framework to harness the benefits of stablecoins while mitigating risks. The conversation covers the potential for stablecoins to enhance payment systems, their role in maintaining the U.S. dollar's dominance, and the challenges of preventing illicit activities. Massad also reflects on the importance of collaboration between the crypto industry and regulators to create a balanced and effective regulatory environment.
Why the Ethereum ETF is Bullish $ETH | Matt Hougan of Bitwise
In this episode of the Bankless Premium Feed, hosts Ryan Sean Adams and David Hoffman are joined by Matt Hougan, Chief Investment Officer at Bitwise, to delve into the recent approval of the Ethereum ETF. They explore why this development is considered bullish for Ethereum and the cryptocurrency industry at large. The hosts and Matt discuss the implications of the ETF approval for traditional finance (TradFi) and the broader crypto ecosystem. They highlight the significant differences between Ethereum and Bitcoin, emphasizing Ethereum's potential as a cash flow-driven technology play. Matt Hougan explains how the Ethereum ETF can catalyze a multi-year bull market and drive Ethereum to new all-time highs. The episode also covers the regulatory landscape, political influences, and the growing political force of the crypto community. They conclude by discussing the future of crypto ETFs and the potential for broader acceptance and investment in the crypto market.
ROLLUP: ETH ETF Approved | Crypto Politics | Uniswap Wells Notice | Airdrop Reset?
In this episode, Ryan Sean Adams and David Hoffman dive into what they describe as one of the most significant weeks in crypto history. They discuss the impending approval of the Ethereum ETF, which marks a substantial political shift in favor of the crypto industry. The hosts explain how this approval is not just a win for Ethereum but for the entire cryptocurrency market, reflecting a broader acceptance and a 180-degree turn in political stance. This episode also highlights the recent surge in crypto prices, particularly Ethereum's impressive 28% rise, and the unprecedented daily market activity. Additionally, they discuss the broader implications of the Uniswap Wells Notice and the potential airdrops from major protocols. The hosts provide insights into the current political climate, emphasizing the bipartisan support that has emerged for crypto, and the likely positive impact this will have on future crypto legislation and market sentiment.
ETH ETF Officially Approved! | James Seyffart
In this episode of the Bankless Premium Feed, hosts David Hoffman and Ryan Sean Adams celebrate the unexpected approval of the Ethereum ETF by the SEC, a significant milestone for the crypto community. Initially skeptical, the hosts recount the moments leading up to the announcement, highlighting the excitement and relief felt by the community. Bloomberg analyst James Seyffart joins the conversation to provide insights into the SEC’s decision-making process and its political motivations. The approval marks a pivotal shift, recognizing Ether as a commodity, which not only legitimizes Ethereum in traditional finance but also opens a substantial pipeline for capital inflows from traditional financial markets. Seyffart explains the regulatory hurdles, potential market impacts, and future prospects, including the possibility of a staked Ethereum ETF. The discussion covers the political and regulatory landscape, emphasizing the community’s influence on the SEC’s decision. This episode provides a comprehensive overview of the approval process, the significance of the decision, and its broader implications for the crypto market.
Rep Patrick McHenry on Crypto's Big Week in DC
In this episode of the Bankless Premium Feed, host David Hoffman delves into a monumental week for the crypto industry in Washington, D.C., with Representative Patrick McHenry, the Chair of the House Financial Services Committee. The discussion centers around three major events: the repeal of the Saab 121 accounting rule, the anticipated SEC decision on the Ethereum ETF, and the House vote on the Fit 21 Act. McHenry explains the implications of these legislative actions, emphasizing their potential to define the future of crypto regulation in the U.S. He highlights the importance of the Fit 21 Act, a bipartisan effort to establish clear regulatory boundaries between the SEC and CFTC, providing much-needed clarity for the industry. The conversation also explores the growing political power of crypto voters and the generational and partisan divides within Congress regarding crypto regulation. McHenry shares insights on how these legislative moves could influence the upcoming presidential election and the broader political landscape. The episode concludes with actionable advice for crypto advocates on how to make their voices heard in the legislative process.
Will The $ETH ETF Be Approved? | RSA+DH
In this episode of Bankless Premium Feed, hosts Ryan Sean Adams and David Hoffman delve into the latest developments surrounding the possible approval of an Ethereum (ETH) Exchange-Traded Fund (ETF) by the SEC. They discuss the increased probability of approval, which has risen from 25% to 75% according to ETF analysts Eric Balachunas and James Seyffart. This shift is attributed to political pressure, particularly from the Democratic Party, as a significant number of high-ranking Democrats have defected from President Biden's anti-crypto stance. The episode highlights the potential impact of the ETF approval on the crypto market, including price movements and broader regulatory implications. The hosts also explore the role of institutional investors and the potential for increased market participation. Throughout the episode, they emphasize the importance of staying informed and engaged with the latest developments in the crypto space.
The New American Surveillance State | Byron Tau
In this episode of Bankless, host Ryan Sean Adams and David Hoffman explore the vast surveillance apparatus in the United States with investigative journalist Byron Tau. Tau reveals that the U.S. government maintains a "digital dossier" on every citizen, largely through data acquired from private data brokers. The conversation delves into how consumer technologies, ranging from mobile phones to tire pressure sensors, leak data that can be collected and used by both corporations and governments. The episode discusses the legal and ethical implications of this surveillance, comparing the U.S. system to authoritarian regimes and questioning the effectiveness of existing privacy protections. Tau explains the history of government data collection, including the controversial Total Information Awareness program post-9/11, and highlights the evolving nature of privacy laws. The discussion emphasizes the importance of encryption and other privacy tools in protecting individual freedoms in an era of ubiquitous data collection. The episode concludes with practical advice for listeners on how to safeguard their digital privacy.
ROLLUP: Memestock Mania | ETH Spot ETF Countdown | $25M Hackers Charged | Crypto's Election Impact
In this episode of the Bankless Premium Feed, hosts Ryan Sean Adams and David Hoffman navigate through the tumultuous waters of the crypto world. They kick off with the sentencing of Tornado Cash developer Alexei Percyv in the Netherlands, exploring its implications for crypto privacy and regulation. The episode then shifts to the U.S., where the Department of Justice has charged two brothers for a $25 million MEV bot attack, sparking a debate on the legality of code-based exploits. The hosts also discuss the recent pro-crypto legislation passed in the Senate, speculating on whether President Biden will veto it, and how crypto is becoming a partisan issue. The anticipation around the ETH spot ETF approval is another highlight, with predictions and market sentiments being dissected. Additionally, the episode touches on the resurgence of meme stocks, notably the GameStop short squeeze 2.0, and its implications for the market. The discussion extends to institutional adoption of Bitcoin, with notable mentions of JP Morgan and Wells Fargo, and state-level investments in Bitcoin ETFs. Finally, they cover the latest inflation numbers and their impact on risk assets, alongside a broader conversation on the evolving landscape of crypto regulation and market dynamics.
Autonomous Worlds | Lattice's Justin Glibert
In this episode, David Hoffman of Bankless Premium Feed interviews Justin Glibert, co-founder of Lattice, about the pioneering work in autonomous worlds and fully on-chain games. They delve into the idea of creating digital universes with their own rules, economies, and physics, completely run on Ethereum. Justin explains the origins of this concept with the game Dark Forest, which introduced a procedurally generated universe with zero-knowledge proofs allowing exploration without revealing the entire map. The conversation covers the challenges of building such games, the evolution of tools like Mud to facilitate development, and the potential for these digital worlds to have real economic impacts. They also discuss the broader implications for Ethereum and blockchain technology in enabling new forms of digital interaction and reality.
"Nothing Stops This Train" | Lyn Alden on Fiscal Dominance
In the episode "Nothing Stops This Train," Lyn Alden joins hosts Ryan Sean Adams and David Hoffman to delve into the concept of fiscal dominance. Alden explains how fiscal dominance marks a shift from the monetary dominance that has defined the past 40 years. She describes fiscal dominance as a period where public debts and fiscal deficits drive economic outcomes more than central bank policies. The episode covers why fiscal dominance is inevitable, the role of central bankers and interest rates, the impact on assets, and the future of crypto in this new era. Alden highlights the historical context of fiscal dominance, comparing it to past periods like the 1940s and the 1970s, and discusses the implications for today's economic environment. She emphasizes the diminishing power of central banks in controlling inflation and the increasing role of government fiscal policies. The discussion also touches on the potential for capital controls and the importance of understanding these shifts for long-term investing.
ROLLUP: M2 Money Supply Flipped Bullish | Robinhood Wells Notice | Trump Supports Crypto | Friend.tech Token
In this episode of Bankless, hosts Ryan Sean Adams and David Hoffman delve into a week filled with significant events in the crypto space. They kick off by discussing the M2 money supply, which has flipped bullish for the first time in over a year, signaling potential positive trends for the crypto market. They analyze how this shift impacts the broader financial landscape and crypto assets specifically. The conversation then shifts to Robinhood, which has received a Wells notice from the SEC, marking it as the fifth major crypto-related entity to face such scrutiny. The hosts explore the implications of this notice and Robinhood's response to fight back. The episode also touches on the political landscape, highlighting Trump's pro-crypto stance as a counter to Biden's administration, which has shown increased regulatory pressure on the industry. Additionally, they cover the launch of Friend.tech's token and its new features, discussing its significance and potential impact on the social finance space. The episode concludes with updates on the broader crypto market, including price movements and new network launches, providing listeners with a comprehensive overview of the current state of the crypto ecosystem.
Why This Cycle is Cooked | DH + RSA
Hosts Ryan Sean Adams and David Hoffman delve into the ongoing issues in cryptocurrency token distributions, notably criticizing the methods like airdrops and point systems, which they believe have become ineffective ("cooked"). They discuss the historical evolution of token distribution from ICOs to DeFi summers and now to airdrops and point systems, examining the consequences of these strategies, such as market saturation, reduced enthusiasm among investors, and the emergence of "structurally bad vibes" due to market overvaluation and distribution inequalities. The conversation includes insights on regulatory impacts, market dynamics between retail and institutional investors, and the inherent cyclical nature of crypto markets, emphasizing the need for new distribution mechanisms to invigorate the community and market.
Bitcoin's 2024 Revolution: L2s & Beyond | Eric Wall
In this in-depth episode of the "Bankless Premium Feed," hosts Ryan Sean Adams and David Hoffman, alongside guest Eric Wall, dissect the intricacies of Bitcoin's Layer 2 technologies. The discussion navigates through the limitations of current Bitcoin L2s, the impact of recent innovations like ordinals and runes, and the theoretical and practical challenges hindering Bitcoin's scalability solutions. Key segments cover the possible fatal flaws in existing technologies like BitVM, the potential of the CAT opcode, and the overall trajectory of Bitcoin’s layering solutions.
The Battle Between Crypto VCs & Retail Investors | Regan Bozman
In this insightful episode of "Bankless Premium Feed," hosts Ryan Sean Adams and David Hoffman, along with guest Regan Bozman, explore the shifting battleground between cryptocurrency venture capitalists (VCs) and retail investors. They discuss why the current crypto cycle feels peculiar and the implications for both groups. Key topics include the influence of retail attention on VC investments, the impact of market structures on investor behavior, and the evolving nature of token economics. The conversation also touches on the effectiveness of airdrops, the regulatory landscape, and potential strategies to harmonize the interests of VCs and retail participants in the crypto ecosystem.
ROLLUP: $EIGEN Token Launch | CZ Going to Jail | Stripe Crypto Support | Market Bottom In?
In this dynamic episode, hosts Ryan Sean Adams and David Hoffman navigate a series of compelling developments in the cryptocurrency world. The episode opens with discussions about the turbulent launch of the $EIGEN token, which sparked widespread community backlash due to its unexpected tokenomics and distribution strategies. The conversation then shifts to news of CZ, a prominent figure in the crypto industry, facing jail time, adding a layer of drama and uncertainty about regulatory pressures in the crypto market. Additionally, the episode covers Stripe's re-entry into the crypto payment space, signaling a possible recovery and increased institutional interest in cryptocurrency. The hosts also delve into market analytics, debating whether recent downturns signal a market bottom or if the crypto winter will persist, offering insights into investment strategies during uncertain times.
1 Billion Users Onchain | Jesse Pollak of Base
In this compelling episode of the Bankless Premium Feed, host David Hoffman engages with Jesse Pollak from Base, focusing on Base's ambitious goal to onboard 1 billion users onto the blockchain. Pollak shares insights into the rapid advancements and strategic implementations that Base is pursuing to scale up and enhance its blockchain infrastructure, aiming for massive user adoption. Key discussions include the technical innovations of Base, its role within the broader Ethereum ecosystem, and how Base intends to maintain its momentum through various partnerships and community engagement strategies.
Why ConsenSys is Suing the SEC | Joseph Lubin & Matt Corva
In this critical episode, Joseph Lubin, CEO of ConsenSys, and Matt Corva, legal counsel at ConsenSys, discuss their decision to take legal action against the SEC. They detail the SEC's recent moves that suggest a push to classify Ethereum as a security, which could significantly impact the crypto landscape. Lubin and Corva argue that such a classification misunderstands the decentralized and open-source nature of Ethereum and could stifle innovation. They present their case for why Ethereum should be considered a commodity, discussing the broader implications of the SEC's actions on developers and the industry at large.
$EIGEN Token Announcement With Sreeram Kannan and Robert Drost
In this revealing episode, hosts David Hoffman and Ryan Sean Adams discuss the Eigen Layer's innovative approach to cryptocurrency with the unveiling of the $EIGEN token. The episode dives deep into the technical aspects and strategic implementation of the $EIGEN token, emphasizing its unique stake drop feature, rather than a traditional airdrop, to bolster network security and user engagement. The episode is enriched with insights from Sriram Kannan and Robert Drost, elaborating on the token's design to support complex operations like intersubjective forking and its role in enhancing the security and functionality of decentralized applications on the Eigen Layer.
$3 Trillion in Stablecoins by 2030 | Jeremy Allaire, USDC Founder
In a detailed conversation on "Bankless Premium Feed," Jeremy Allaire, the founder of USDC, discusses the future of stablecoins, projecting a value of $3 trillion by 2030. The discussion spans the technical and regulatory landscapes that could enable such growth, the current state of crypto in terms of infrastructure and legality, and the broader implications for the financial system. Allaire reflects on the turbulent past year marked by bank crises and regulatory challenges, shedding light on how these events have shaped the strategic direction of Circle and USDC. He also explores comparisons between the maturation stages of the internet and crypto, suggesting that significant infrastructure and regulatory advancements are setting the stage for widespread adoption and innovation.
ROLLUP: CZ to Jail? | Consensys sues SEC | IRS vs. Crypto | USDT in Telegram
This episode of the Bankless Premium Feed podcast addresses several pressing issues in the crypto world. The hosts, David Hoffman and Ryan Sean Adams, discuss the potential jail time for Binance CEO CZ, the lawsuit by Consensys against the SEC, and the IRS's regulations on unhosted wallets. They also cover the expansion of USDT payments in Telegram and what it signifies for global crypto transactions. The episode highlights the increasing intersection of cryptocurrency with regulatory and legal frameworks, signaling a pivotal moment for the industry's future.