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Latest Episodes:

The GENIUS Act Passes the Senate: Lead Sen. Bill Hagerty Discusses The US Stablecoin Bill Jun 18, 2025

Show notes

Today, we discuss the recently passed Genius Bill with Senator Bill Hagerty, a key architect behind the legislation aimed at stabilizing the U.S. stablecoin market. Following a significant bipartisan Senate vote of 68-30, Sen. Hagerty shares insights on the evolving congressional perception of cryptocurrency, moving from skepticism to support. The bill seeks to foster a regulatory environment that encourages innovation while protecting users and maintaining America’s leadership in financial technology. The episode also highlights the potential economic benefits of a strong stablecoin framework and addresses concerns regarding Central Bank Digital Currencies (CBDCs).

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TIMESTAMPS

0:00 Introduction to the Genius Bill
5:43 Welcoming Senator Bill Haggerty
8:55 Next Steps for the Bill
11:16 Why America Needs Stablecoin Law
14:07 Fostering a Domestic Stablecoin Economy
15:23 Addressing Detractors of the Bill
18:06 Understanding Stablecoins vs CBDCs
20:27 Who Can Issue Stablecoins?
21:01 Path for Offshore Issuers
23:54 Surveillance Concerns with Stablecoins
26:10 Addressing the Trump Loophole
27:34 The Bipartisan Nature of Crypto
28:52 Senator Haggerty's Evolution on Crypto
32:17 Establishing a Clear Regulatory Framework
34:51 Future Steps for the Crypto Industry

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RESOURCES

Sen. Bill Hagerty: https://x.com/SenatorHagerty

The GENIUS Act: https://www.congress.gov/bill/119th-congress/senate-bill/394/text

Sec. Bessent’s Tweet: https://x.com/SecScottBessent/status/1935027160374210573

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

LIMITLESS: U.S. vs China's Race to Superintelligence | Jeremie & Edouard Harris Jun 18, 2025

Show notes

In this episode, Jeremie and Edouard Harris, co-founders of Gladstone AI and national security advisors, join us to break down the real score in the U.S.–China AI race.

We unpack what it actually means to “win” in AI: from cutting-edge model development and compute infrastructure to data center vulnerabilities, state-sponsored espionage, and the rise of robotic warfare. The Harris brothers explain why energy is the hidden battleground, how supply chains have become strategic liabilities, and why export controls alone won’t save us.

This is not just a geopolitical showdown - it’s a race for superintelligence, and the clock is ticking.

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TIMESTAMPS

0:00 Intro
1:05 AI race: who's ahead?
4:41 Framing AI as an arms race
12:58 Gov't awareness of AI conflict
20:38 AI reports feel like sci-fi
24:44 China vs US: model race
29:11 Shift to inference-time compute
31:19 China’s software vs US hardware
34:28 Open vs closed source politics
38:56 China’s energy dominance
43:32 America’s electric grid lag
47:55 Supply chain vulnerabilities
56:30 US chipmaking onshoring
1:01:08 U.S. lead in chips
1:04:00 DUV vs EUV bottlenecks
1:08:26 Manufacturing gap in robotics
1:11:53 Fear vs optimism in culture
1:17:26 Coordination vs dynamism
1:22:10 Bot-driven opinion warfare
1:25:58 China pushing degrowth narratives?
1:29:05 National security recommendations
1:33:36 Co-op or conflict endgame?
1:37:27 Closing

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RESOURCES

Jeremie Harris
https://x.com/jeremiecharris

Edouard Harris
https://x.com/harris_edouard

America’s Superintelligence Project
https://superintelligence.gladstone.ai/

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

EigenLayer Introduces EigenCloud: The First Crypto-Native Cloud Service | Sreeram Kannan & JT Rose Jun 17, 2025

Show notes

EigenLayer is back with a major announcement: EigenCloud.

Sreeram Kannan and JT Rose unveil the first crypto-native cloud platform—a verifiable, programmable environment for building applications beyond the limits of traditional blockchains. We explore how EigenCloud packages modules like EigenDA, EigenVerify, and EigenCompute into a developer-friendly product that brings cloud-scale computation and crypto-grade trust guarantees together.

From meme coins and AI agents to fully sovereign applications, we dig into what makes this launch a pivotal step for crypto infrastructure and why it might just reignite Ethereum’s original ambitions.

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TIMESTAMPS

0:00 Intro
0:14 Introducing EigenCloud
12:39 Solving Programmability Bottlenecks
32:45 Apps EigenCloud Unlocks
54:00 Promoting EigenCloud
58:39 Total Addressable Market
1:02:53 Developer Action Items
1:06:19 Closing & Disclaimers

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RESOURCES

EigenCloud Announcement
https://x.com/eigenlayer/status/1934961135515828501

EigenCloud
https://eigencloud.xyz/

Sreeram Kannan
https://x.com/sreeramkannan

JT Rose
https://x.com/jt_rose

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

Ryan's Personal Reboot: 5 Types of Wealth with Sahil Bloom Jun 16, 2025

Show notes

In this deeply personal episode, Sahil Bloom joins Ryan Sean Adams to explore what it truly means to be wealthy and why so many high achievers get it wrong. After hitting burnout, Ryan stepped away from the grind to reassess his definition of success. What he found was a framework that reframed his entire life: the Five Types of Wealth.

Together, they unpack why net worth alone is a poor scoreboard, how to avoid the trap of “never enough,” and what it means to build time, social, mental, physical, and financial wealth in harmony. This conversation is both a blueprint and a reboot, for anyone chasing more, and wondering why it still doesn’t feel like enough.

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TIMESTAMPS

0:00 Intro
3:22 Measuring Wealth
6:10 Beyond Net Worth
13:29 Burnout Moment
15:47 The Cost of Misaligned Effort
25:47 The Five Types of Wealth
27:47 Wealth Isn’t Swappable
34:05 Freedom Starts With Defining “Enough”
43:09 The “Enough” Excuse
47:31 Why We Feel Time-Starved
50:09 Digital Distractions and Overcommitment
55:46 The Two-List Exercise
57:38 The Morning ‘Boot Up’ Sequence
1:03:30 Reinvesting in Your Closest People
1:10:19 Too Busy to Connect
1:12:23 The Mental Wealth
1:14:11 The Life Razor
1:18:26 The Physical Wealth
1:24:40 Staying on Plan
1:25:56 Grounded Success
1:27:56 High Agency People
1:29:03 Closing

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RESOURCES

Sahil
https://x.com/SahilBloom

Sahil’s Blog
https://sahilbloom.substack.com/

The 5 Types of Wealth
https://www.the5typesofwealth.com/

RSA Reboot
https://x.com/RyanSAdams/status/1915115437505049055

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

ROLLUP: Circle’s $25B IPO Mania | Genius Act Passes? | Stripe Buys Privy | Polymarket Meets Twitter Jun 13, 2025

Show notes

This week, Ryan and David unpack Circle’s stunning IPO debut, soaring to a $25B market cap and triggering Wall Street’s stablecoin frenzy. They break down the landmark Genius Act vote, bringing unprecedented regulatory clarity to stablecoins, and dive into Stripe’s latest crypto bet, acquiring wallet innovator Privy. Polymarket goes mainstream in an official integration with Twitter, while SEC Chair Paul Atkins embraces DeFi as fundamentally American. Plus, Gemini quietly files for IPO, Plasma’s billion-dollar Tether chain ignites, and Trump unexpectedly endorses crypto at Coinbase.
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🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
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TIMESTAMPS & RESOURCES

0:00 Intro

3:59 Markets
https://x.com/KobeissiLetter/status/1932526577897595233
https://x.com/rovercrc/status/1930951805191778369
https://x.com/hosseeb/status/1931457548760334723
https://x.com/elonmusk/status/1932695486684950962
https://x.com/DavidShapiro98/status/1932696393937785058
https://x.com/blknoiz06/status/1932072994731647435
https://x.com/nypost/status/1933109968510550430

15:02 US Senate is about to pass the GENIUS Act
https://x.com/Cointelegraph/status/1932988965037978084
https://x.com/intangiblecoins/status/1932868994165354703
https://x.com/SenatorBennet/status/1932864987208249597
https://x.com/SenWarren/status/1932858887482507604
https://www.banking.senate.gov/imo/media/doc/20250611_warren_blumenthal_letter_to_meta_re_stablecoin.pdf
https://x.com/RyanSAdams/status/1932877097623588922

27:35 Did Circle kickoff Stablecoin Summer?
https://www.tradingview.com/chart/?symbol=NYSE%3ACRCL
https://x.com/MikeIppolito_/status/1932070226939810164
https://x.com/TaikiMaeda2/status/1929538665560031641
https://x.com/RyanSAdams/status/1932424510738673711
https://x.com/PlasmaFDN/status/1932072359080415702
https://www.barrons.com/articles/circle-ipo-crypto-retail-frenzy-06659b30?
https://x.com/perkinscr97/status/1931032964349276313

39:54 Stripe acquired Privy
https://x.com/privy_io/status/1932816495719166167
https://x.com/patrickc/status/1932817864450584939

42:41 Polymarket became official prediction market of X!
https://x.com/xai/status/1932481207180406923
https://x.com/shayne_coplan/status/1931008087688614155

44:50 Morpho Labs will be soon fully owned by MORPHO token holders
https://x.com/PaulFrambot/status/1930971485142761909
https://youtu.be/IJN_pgkKPjA?si=963i8GioANnNoVAR
https://x.com/MorphoLabs/status/1933162070465208423

49:17 Paul Atkins defended DEFI as the foundation American values
https://x.com/SECGov/status/1932137708068970924
https://x.com/SECGov/status/1932137708068970924

53:15 World Liberty Financial will acquire TRUMP for its treasury
https://x.com/EricTrump/status/1931089248926490772
https://x.com/coinbase/status/1932836009034617183

54:38 Closing & Disclaimers

55:13 Moment of Zen
https://x.com/BitcoinMagazine/status/1933172630099837134

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

Ethereum is Digital Oil: The Bull Case for ETH with Vivek & Danny Ryan from Etherealize Jun 12, 2025

Show notes

Etherealize is back with a bold new thesis: ETH is digital oil. In this episode, Vivek and Danny Ryan unpack their freshly released report, The Bull Case for ETH, which positions ether as the next great store of value—and a future global reserve asset for the digital economy.

We explore ETH’s misunderstood monetary design, its strategic role for institutions, and why Wall Street is waking up to Ethereum not just as a network, but as an investable asset. This is the case for ETH as the asymmetric opportunity of this generation.

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TIMESTAMPS

0:00 Intro
0:52 The Bull Case for ETH
3:18 Why ETH?
6:35 Pitching to Wall Street
10:59 ETH is Digital Oil
21:29 ETH’s Monetary Policy
37:37 Why Hold ETH?
43:42 ETH/BTC Ratio
47:20 ETH is a Store of Value
53:55 Ethereum’s Scaling Path
1:03:08 Ethereum’s Renaissance
1:07:06 Ethereum Competitors
1:10:14 The Report
1:12:29 Vivek in Congress
1:13:33 Closing & Disclaimers

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RESOURCES

The Bull Case for ETH Report
http://ethdigitaloil.com/

VIvek Raman
https://x.com/VivekVentures

Danny Ryan
https://x.com/dannyryan

Etherealize
https://x.com/Etherealize_io

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

ROUNDTABLE: Crypto's IPO Era | HYPE vs. SOL vs. PUMP | Jon & Bread Jun 11, 2025

Show notes

Crypto markets are buzzing and institutional appetite is peaking. With Circle’s IPO wildly oversubscribed and a new wave of companies racing to go public, we unpack what this means for the industry.

Jon and Bread join us to break down the hype around crypto IPOs, why TradFi wants stablecoin exposure, and what it signals for projects like Solana, Ethereum, and Hyperliquid. We also debate value accrual, ETH vs BTC narratives, and whether apps or platforms will dominate the next phase of crypto. This is the IPO Era of crypto—let's dissect the winners and the delusions.

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TIMESTAMPS & RESOURCES

0:00 Intro

0:32 Vibe Check
https://x.com/intern/status/1932238240880222270
https://x.com/blknoiz06/status/1932072994731647435

10:13 Crypto’s IPO Era
https://www.tradingview.com/chart/?symbol=NYSE%3ACRCL
https://x.com/HadickM/status/1931323504525279522

18:11 Ethereum Valuation Debate
https://x.com/DeeZe/status/1932475461348835800

29:29 Hype vs SOL vs PUMP
https://www.tradingview.com/chart/?symbol=KUCOIN%3AHYPEUSDT

40:44 Hyperliquid vs Centralized Exchanges
https://dune.com/uwusanauwu/perps

50:35 PumpFun’s Token Sale

58:16 Closing & Disclaimers

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

How Should ETH Be Valued? | Ryan Berckmans vs. Jon Charbonneau Jun 10, 2025

Show notes

Jon Charbonneau and Ryan Berckmans join Bankless to debate Ethereum’s future: is ETH undervalued, or has the market already spoken?

We unpack whether Ethereum can rival Bitcoin as a store of value, if L2s will drive real value back to ETH, and whether Solana’s momentum signals deeper trouble for Ethereum. Jon argues ETH has lost its lead and may never reclaim it. Ryan contends Ethereum’s neutrality and institutional traction make it the inevitable hub for the onchain economy.

This is the definitive conversation on where ETH stands—and where it’s heading.
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TIMESTAMPS

0:00 Intro
0:32 Is ETH special?
32:55 How ETH should be valued
51:42 ETH over or undervalued?
1:09:59 Being wrong on ETH
1:13:00 Closing & Disclaimers

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RESOURCES

Ryan Berckmans
https://x.com/ryanberckmans

Jon Charbonneau
https://x.com/jon_charb

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

Is Joe Lubin the Michael Saylor of Ethereum? | The $SBET Opportunity Jun 09, 2025

Show notes

Joe Lubin returns to Bankless to break down his latest bold move—launching SBET, a publicly traded vehicle designed to accumulate and deploy Ether as a strategic treasury asset.

We unpack whether Lubin is stepping into the Michael Saylor role for Ethereum, how SBET might outperform Bitcoin-backed models, and why ETH is poised for a monetary renaissance. From regulatory wins to Ethereum’s evolving narrative on Wall Street, this episode explores how ETH can become a multi-trillion-dollar asset and a dominant store of value in the next economic supercycle.

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🌐SELF | PROVE YOUR SELF
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🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
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TIMESTAMPS

0:00 Intro
0:38 Getting Sued by The SEC
7:55 $SBET
16:32 The Michael Saylor of ETH
23:25 $SBET (ETH) vs $MSTR (BTC)
27:16 Valuing ETH
28:30 Wall Street Narratives
30:52 ETH’s Performance
36:53 ETH as Collateral
40:07 Onboarding Others
46:52 ETH as SoV
49:18 What ETH Needs
50:52 Joining Forces
53:08 ETH’s Sentiment Shift
56:53 Genius Act
58:44 Closing & Disclaimers

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RESOURCES

Joe Lubin
https://x.com/ethereumJoseph

SharpLink Gaming ($SBET)
https://www.sharplink.com/

Consensys
https://consensys.io/

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

ROLLUP: Circle IPO Hits $20B | Stablecoin Summer Is On | Trump Wallet Chaos | EF Deploys Special For Jun 06, 2025

Show notes

This week, Ryan and David unpack Circle’s explosive $20B IPO—crypto’s second biggest—and what it signals about Wall Street’s newfound love for stablecoins. They break down the confusing Trump wallet drama, where even Trump’s own sons deny involvement, and explore why Pump.fun’s rumored $4B token raise has the industry split. Ethereum enters “wartime mode” as the Foundation lays off staff and spins up a lean new R&D force called Protocol. Plus, Ray Dalio says “a bit of Bitcoin,” Trump’s Big Beautiful Bill adds $2.4T to the deficit, and SBF is headed to Netflix.
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🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
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TIMESTAMPS & RESOURCES

0:00 Intro

0:41 Circle IPO
https://x.com/circle/status/1930624298760143333
https://www.theblock.co/post/356602/circle-seeks-7-2-billion-valuation-in-upsized-ipo
https://x.com/ruiixyz/status/1930386144216396176
https://x.com/EconomyApp/status/1930657679418241238
https://x.com/jerallaire/status/1930595978215637360
https://x.com/EffortCapital/status/1930621939279679542

9:34 Markets

12:23 Trump BBB
https://x.com/alifarhat79/status/1930265604105150647
https://x.com/alifarhat79/status/1930256218108383338
https://x.com/elonmusk/status/1930452348234805665
https://x.com/WatcherGuru/status/1930659468536144062
https://www.congress.gov/bill/119th-congress/house-bill/1/text
https://x.com/elonmusk/status/1929954109689606359
https://x.com/RyanSAdams/status/1929993372586152364

23:53 Pump.fun is getting ready for a token
https://blockworks.co/news/pumpdotfun-token-sale
https://x.com/nextfckingthing/status/1929871539018576257
https://dune.com/tiagocryptonary/pump-fun-analytics
https://x.com/lmrankhan/status/1928163796691845133
https://x.com/VannaCharmer/status/1930318687333986639