Bankless

Latest Episodes:

Ethereum's Strategy to Win Over Wall Street | Joe Lubin & Danny Ryan Jul 08, 2025

Show notes

Recorded live at the Permissionless IV conference, this conversation dives into Ethereum’s strategy to win over Wall Street.

Danny Ryan discusses how Etherealize is advising financial institutions to leverage Ethereum’s decentralization, resilience, and credible neutrality, while Joe Lubin explains why ConsenSys is taking a direct approach by accumulating ETH on Sharplink Gaming’s balance sheet, similar to MicroStrategy with Bitcoin.

Together, they unpack Ethereum’s strengths, institutional adoption strategies, and what it will take for Ethereum to become the foundation of the next-generation financial system.

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TIMESTAMPS

0:00 Intro
3:11 Ethereum's Evolution & Challenges
7:54 Regulatory Tensions & SEC Scrutiny
11:02 Ethereum's Resilience Against Regulation
14:47 Bridging TradFi & Decentralization
16:06 Institutional Adoption of Ethereum
17:19 Ethereum's Path Forward
21:51 Building for the Future
23:40 The Call for Problem Solving
24:41 Ethereum's Leadership Dynamics
33:25 Taking Ethereum to Wall Street
35:17 The Future of SBET & Ether

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RESOURCES

Joe Lubin
https://x.com/ethereumjoseph

Danny Ryan
https://x.com/dannyryan

Permissionless IV
https://blockworks.co/event/permissionless

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Inside Cathie Wood’s Trillion-Dollar Bets: AI, Musk, Robots & Crypto Jul 07, 2025

Show notes

Cathie Wood is placing some of the boldest bets in investing history, spanning AI, robotaxis, brain chips, crypto, and even space. In this episode of Bankless, the ARK Invest CEO joins Chief Futurist Brett Winton to break down her five highest-conviction technologies - opportunities she believes could unlock over $20 trillion in enterprise value.
You’ll hear why Elon Musk’s empire is at the center of it all, how Tesla’s robotaxis could become the biggest AI project on Earth, and why Neuralink, Starship, and stablecoins are converging to spark a new era of productivity and exponential growth.
This isn’t just tech optimism - it’s Cathie Wood’s vision for the future of innovation.
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https://bankless.cc/binance

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TIMESTAMPS

0:00 Intro
5:05 Elon Musk and the Data Flywheel
11:57 The Power of Wright’s Law
19:27 Forecasting AI’s Trillion-Dollar Impact
23:35 Why ARK Owns xAI, OpenAI, and Anthropic
29:04 Google and Apple’s AI Blindspots
35:52 Why X Merged with xAI
44:15 Robotaxis: The Biggest AI Project on Earth
52:02 Robo GDP: AI’s Real-World Economic Boost
55:31 Tesla’s Scaling Advantage
1:01:27 The Humanoid Opportunity
1:10:42 Neuralink: AI, Enhanced
1:15:34 Starlink & SpaceX: The $2.5T Bet
1:22:01 Crypto’s Stablecoin Supercycle
1:33:18 Macro & Trump’s Strategy

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RESOURCES

Cathie Wood
https://x.com/CathieDWood

Brett Winton
https://x.com/wintonARK

Ark’s SpaceX Report
https://www.ark-invest.com/articles/valuation-models/ark-expected-value-spacex-2030

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

ROLLUP: Robinhood's Announcement Sets off Stock Tokens Frenzy Jul 04, 2025

Show notes

Welcome to the Weekly Rollup, where we cover the latest news in crypto.

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https://bankless.cc/Mantle

🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

———

TIMESTAMPS & RESOURCES

0:00 Intro and EthCC

5:30 MARKETS
https://www.coingecko.com/en/coins/bitcoin

7:30 Solana ETF
https://x.com/EricBalchunas/status/1940436515798348195
https://www.tradingview.com/chart/V7YvdegA/?symbol=CBOE%3ASSK

12:20 MACRO
https://x.com/TheStalwart/status/1940749966542360844
https://x.com/HadickM/status/1940754843838341559
https://imgur.com/uBt5LkP
https://x.com/KobeissiLetter/status/1939684213672038840
https://polymarket.com/event/who-will-trump-announce-as-next-fed-chair

19:00 The Big Beautiful Bill
https://polymarket.com/event/reconciliation-bill-passed-by?tid=1751541176019
https://www.foxnews.com/politics/trumps-big-beautiful-bill-clears-final-hurdle-before-house-wide-vote
https://x.com/SenLummis/status/1939730903045218395

23:00 Robinhood Chain and Tokenized Stocks
https://x.com/smyyguy/status/1939725345772470671
https://x.com/RobinhoodApp/status/1939701274217460047
https://x.com/BanklessHQ/status/1940054189914145198
https://x.com/RobinhoodApp/status/1939706469966135442
https://x.com/RobinhoodApp_EU/status/1939709899690098770
https://x.com/vladtenev/status/1939713633392480417
https://x.com/OpenAINewsroom/status/1940502391037874606
https://x.com/vladtenev/status/1940547859532612028
https://x.com/0xren_cf/status/1940077604939129253
https://x.com/vladtenev/status/1940308314144883074
https://x.com/BanklessHQ/status/1940468665235001656
https://x.com/RobinhoodApp/status/1939703096168362170
https://x.com/hosseeb/status/1940050920483823819
https://www.tradingview.com/chart/1CDu50yK/?symbol=NASDAQ%3AHOOD
https://x.com/iamDCinvestor/status/1939711492397703307
https://open.spotify.com/episode/6XTj2K0YAtXIgYPpGrK0xg?si=ef33fb6a0e394acd
https://backed.fi/news-updates/xstocks-are-going-live-tokenized-stocks-for-the-defi-era
https://x.com/0xMert_/status/1939761568029225224
https://x.com/gemini/status/1938688845597577591?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
https://thedefiant.io/news/tradfi-and-fintech/dinari-wins-first-u-s-broker-dealer-license-tokenized-stocks-667afe25
https://sbt.dinari.com/tokens?tokenSymbol=AAPL.d
https://x.com/HadickM/status/1940018046833201168
https://www.theblock.co/post/360853/financial-industry-group-pushes-back-on-tokenized-equities-urges-sec-to-reject-crypto-firms-exemptions
https://www.cnbc.com/video/2025/07/02/sec-chairman-paul-atkins-on-regulating-private-markets-rise-of-stock-tokenization.html

47:20 Tom Lee Bullish ETH
https://www.tradingview.com/chart/V7YvdegA/?symbol=AMEX%3ABMNR
https://x.com/CNBC/status/1939658101193322537
https://x.com/RyanSAdams/status/1939686608254460283
https://x.com/sharplinkgaming/status/1940078442579644420

53:50 NEWS
https://x.com/tier10k/status/1940133141546770454
https://x.com/coinbase/status/1940385699653652500
https://x.com/zachxbt/status/1940388827392344261
https://x.com/RyanSAdams/status/1940480126925656343
https://www.youtube.com/live/zo72TWXrc3Y

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Robinhood vs. Coinbase: Who Wins the Future of Finance? | David Rodriguez & Omar Kanji Jul 03, 2025

Show notes

David from Blockworks and Omar from Dragonfly join the show to debate Coinbase vs Robinhood, two companies racing to become the dominant financial super app. We break down their business models, growth strategies, tokenized asset plays, and how each is approaching crypto, equities, and infrastructure. Will Robinhood’s slick UX and expanding product suite win the next generation? Or will Coinbase’s onchain infra and stablecoin moat prove unbeatable?

Omar & Dragonfly
https://x.com/TheOneandOmsy
https://x.com/Dragonfly_xyz

David & Blockworks
https://x.com/EffortCapital
https://x.com/BlockworksAdv

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BANKLESS SPONSOR TOOLS:

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🦄UNISWAP | SWAP ON UNICHAIN
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

---
TIMESTAMPS

0:00 Intro
2:37 Understanding Coinbase
8:31 Coinbase B2B
13:39 Comparing Revenue, Valuation, & Infrastructure
23:12 Future Growth of Coinbase
28:14 Understanding Robinhood
38:22 Robinhood Competition
45:42 Robinhood 2021 Crisis Explained
48:14 Robinhood Bank
52:02 Tokenized Stocks & L2
55:32 Defending the Coinbase Moat
1:06:19 Forecasting Robinhood’s Future
1:11:08 Forecasting Coinbase’s Future
1:15:31 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Crypto Markets Forever Stuck? Onchain Data Explained | Michael Nadeau’s Defi Report #2 Jul 02, 2025

Show notes

Crypto prices seem stuck. Is that about to change?

Michael Nadeau of the DeFi Report returns to unpack what onchain data says about Bitcoin, ETH, and altcoins. We dive into why the market may be coiling beneath the surface, whether altcoins are due for a “hate rally,” and how valuation metrics reveal surprising accumulation trends. Michael also shares his current portfolio moves, including high-beta bets like Pepe and ENA, and lays out the macro triggers that could spark the next leg up.

Michael Nadeau & The DeFi Report:
https://x.com/JustDeauIt
https://thedefireport.io
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BANKLESS SPONSOR TOOLS:

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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

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TIMESTAMPS

0:00 Intro

2:19 The HODLer's Fallacy: Rethinking Conviction in a Naturally Extractive Market
https://mirror.xyz/sreevanth.eth/6unQ_oX9sQFkvjPi3yehVi6M7Ak2t1V5hzyWYs9yUi4

7:03 BTC Onchain Data & Price Explanation

15:23 Altcoin Season Index

23:24 ETH & Solana Onchain Data

32:30 Beta Assets Bull Case

38:46 Ethena Memo
https://thedefireport.io/research/ethena-memo

51:14 Crypto Equities

55:45 Liquity & The Macro Setup

1:00:53 Michael’s Portfolio Today

1:02:31 How to Value an L1
https://thedefireport.io/research/how-do-you-value-an-l1

1:02:53 Quarterly Reports

1:04:40 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Robinhood Announces Tokenized Stocks! LIVE with CEO Vlad Tenev, Johann Kerbrat, and AJ Warner Jul 01, 2025

Show notes

In this series of three interviews from Cannes, we host Vlad Tenev, CEO of Robinhood, Johann Kerbrat, GM of Crypto at Robinhood, and AJ Warner from Arbitrum to explore key announcements from their recent Token Summit. They discuss the introduction of tokenized stock options for private companies like SpaceX and OpenAI, aiming to democratize access for retail investors.

Vlad highlights Robinhood’s commitment to addressing investment inequities, while Johann shares insights on the technological challenges and their Layer 2 blockchain initiative facilitating 24/7 trading. They also navigate the regulatory landscape with the SEC and CFTC, envisioning a future where private shares become accessible and entrepreneurial capital raising is enhanced. The conversation wraps up with plans to improve user experience for new financial products in Robinhood’s evolving crypto offerings.

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🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

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TIMESTAMPS

0:00 Interview with Vlad Tenev
21:00 Interview with Johann Kerbrat
37:30 Interview with AJ Warner

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RESOURCES

Vlad Tenev
https://x.com/vladtenev

Vlad’s Washington Post Op-Ed
https://www.washingtonpost.com/opinions/2025/01/28/investing-crypto-tech-robinhood-stock-market/

Johann Kerbrat
https://x.com/johannkerbrat

AJ Warner
https://x.com/ajwarner90

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Becoming a Crypto Millionaire with Sam Dogen Jun 30, 2025

Show notes

Sam Dogen, founder of Financial Samurai and one of the original F.I.R.E. voices, joins Ryan Sean Adams to break down the path to financial independence, whether you're investing in crypto or other asset classes.

They unpack 10 milestones to millionaire status, from mindset and momentum to investing, real estate, and entrepreneurship. Sam and Ryan go deep on how to avoid financial landmines, get on the same page with a partner, and define a life where money serves purpose, not the other way around. If you want your net worth to grow without losing your life to the grind, this episode is your roadmap.

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BANKLESS SPONSOR TOOLS:

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🦄UNISWAP | SWAP ON UNICHAIN
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🌐CELO | BUILD TOGETHER AND PROSPER
https://bankless.cc/Celo

🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

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TIMESTAMPS

0:00 Intro
5:56 Millionaire Mindset
9:34 The Probability of Becoming a Millionaire
10:58 Understanding Your Why
12:46 Freedom Through Finance
17:07 Signs You’ve Reached Independence
19:52 How Much Should You Have?
22:20 Saving: Where to Begin
26:48 The 50% Rule
29:21 The Magic of $250.000
32:30 Smart Debt vs Smart Risk
34:44 What Assets Build Wealth?
37:31 Buying Your First Home
43:00 Easy Wins in Property
47:14 Income That Frees You
49:22 Cars That Kill Wealth
52:55 Why Ownership Beats Income
59:56 Location = Opportunity
1:02:38 Design Your Financial Life
1:04:28 Build Wealth as a Team
1:06:43 Redefining Retirement
1:08:41 Lightning Round
1:12:53 Closing

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RESOURCES

Sam Dogen
https://x.com/financialsamura/

Financial Samurai
https://www.financialsamurai.com/

Millionaire Milestones
https://www.amazon.com/Millionaire-Milestones-Simple-Steps-Figures/dp/0593714709

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

ROLLUP: Bitcoin Dominance Hits 66% | Circle IPO 10x | Robinhood Flips Coin? | Kalshi vs Polymarket Jun 27, 2025

Show notes

This week, David and guest co-host Tom Schmidt (Dragonfly) unpack a deceptively quiet crypto market with Bitcoin dominance hitting 66% and altcoins eerily still. What meta could flip the trend?

They dive into Circle’s explosive 10x IPO, Robinhood’s surprise crypto surge, and why Coinbase is finally catching up. Plus: the Kalshi vs. Polymarket drama, ICOs creeping back, and how meme coins might soon help you get a mortgage.

Also: Vitalik’s Layer 1 pivot, prediction markets heating up, and signs of a new retail cycle forming.

Tom Schmidt & Chopping Block
https://x.com/tomhschmidt
https://x.com/_choppingblock
https://x.com/dragonfly_xyz

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🦄UNISWAP | SWAP ON UNICHAIN
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

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TIMESTAMPS & RESOURCES

0:00 Intro

0:46 Tom’s crypto vibe check

1:50 Markets

26:53 Kalshi Series C
https://x.com/tomhschmidt/status/1937957381197185165
https://www.wsj.com/finance/prediction-market-kalshi-hits-2-billion-valuation-in-new-funding-round-2d0c8b4c
https://x.com/tomhschmidt/status/1937957381197185165
https://x.com/hosseeb/status/1938065110351716707

36:50 US regulator orders Fannie Mae, Freddie Mac to consider crypto for mortgages
https://x.com/pulte/status/1937944964656152800
https://x.com/crypto_bobby/status/1937951968619639046

43:44 Ethereum
https://x.com/TrustlessState/status/1936037598805590364

49:04 What Tom’s excited about

53:01 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

The Stablecoin King | Tether CEO Paolo Ardoino on GENIUS Act, Circle IPO, Bitcoin & Tether to Trillions Jun 23, 2025

Show notes

Tether CEO Paolo Ardoino returns to Bankless at a historic moment for stablecoins.

With the Genius Act advancing in the U.S. Congress, Paolo discusses what regulatory clarity means for Tether, the future of USDT, and the company’s plans to launch a domestic stablecoin.

We explore the Circle IPO hype, Tether’s eye-popping profits, its growing presence in the U.S. Treasuries and Bitcoin mining, and how grassroots distribution across emerging markets powers its dominance. Paolo also gives a glimpse into Tether’s ambitions in AI, tokenized gold, and the battle to distribute the dollar where banks can’t reach.

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🎬 DEBRIEF | Ryan & David Unpacking the Episode
https://www.bankless.com/podcast/debrief-the-stablecoin-king-tether-ceo-paolo-ardoino

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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🌐CELO | BUILD TOGETHER AND PROSPER
https://bankless.cc/Celo

🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

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TIMESTAMPS

0:00 Intro
5:32 GENIUS Act
12:54 Tether & The US
22:13 Domestic Competition
26:23 Circle IPO
23:36 Handling Pressure
28:32 Stablecoin Valuations
31:38 Winning the Next Chapter
36:52 USDT in Emerging Markets
41:58 Tether & Crypto Correlation
45:52 Tether Ventures
53:25 Tether Wallet?
56:44 Tether & Bitcoin
1:00:15 Other Assets
1:01:07 Bitcoin Mining
1:04:58 Tokenized Gold
1:09:01 GENIUS Act Consequences
1:12:27 Europe
1:14:49 Why Tether is Good
1:17:50 Closing & Disclaimers

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RESOURCES

Paolo Ardoino
https://x.com/paoloardoino

USDT Insights
https://usdt.network/

Tether
https://tether.io/

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

ROLLUP: The GENIUS Act Passes | JP Morgan Stablecoin | Stablecoin Summer Jun 20, 2025

Show notes

Welcome to the Weekly Rollup, where we cover this week in Crypto. We unpack the implications of the Genius Act's passage, which positions the U.S. to lead in digital assets and spurs optimism around stablecoins potentially hitting a $3.7 trillion valuation by 2030. Also: JP Morgan’s surprising entry into the stablecoin market and Coinbase’s launch of new products, including a Bitcoin cashback credit card.

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🤌 BANKLESS SUMMIT | SEE US AT DEVCONNECT
https://lu.ma/0ph1qg6c

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BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi
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🦄UNISWAP | SWAP ON UNICHAIN
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

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TIMESTAMPS & RESOURCES

0:00 Intro

2:55 Markets
https://www.coingecko.com/en/coins/bitcoin
https://www.coingecko.com/en/coins/ethereum

8:00 ETFs
https://x.com/jseyff/status/1934591572710211587
https://x.com/cointelegraph/status/1933534615395815761
https://x.com/JSeyff/status/1933635898140192849
https://x.com/JSeyff/status/1935043249141322017
https://x.com/EricBalchunas/status/1932527239679095097