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Latest Episodes:

ROLLUP: Macro Bearish Report | Biggest Hack In History | SEC Drops Crypto Cases Feb 28, 2025

Show notes

Joining us this week is Alex Thorn to break down why crypto markets are taking a hit. Major hacks, bearish macro signals, and fresh tariffs from the U.S. all played a role. But it’s not all bad news: the SEC is backing off from lawsuits against Coinbase, OpenSea, and Uniswap, signaling a potential shift in regulatory pressure. Plus, Bybit suffered the biggest crypto hack ever, losing $1.5B—how did it happen, and who’s behind it?

Follow Alex: https://x.com/intangiblecoins

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------

TIMESTAMPS & RESOURCES 00:00:00 Intro To Alex

00:01:21 Market Breakdown https://www.cnbc.com/2025/02/25/how-trumps-tariffs-on-mexico-and-canada-will-sweep-across-us-states.html

00:09:43 Treasuries vs Equities

00:22:12 The Largest Hack In History https://x.com/Bybit_Official/status/1892965292931702929 https://x.com/smyyguy/status/1893007399687958586/photo/1 https://x.com/benbybit/status/1892969284587966869 https://x.com/benbybit/status/1893102137711960486 https://www.chainalysis.com/blog/bybit-exchange-hack-february-2025-crypto-security-dprk/ https://x.com/StefanDGeorge/status/1894781521803858353 https://x.com/hasufl/status/1894772256179405158 https://x.com/arkham/status/1893033424224411885?s=46&t=v4MeJk18PFydz-g2BpdAVg https://x.com/Jesseeckel/status/1893047605133037905 https://x.com/mudit__gupta/status/1893290720603050121 https://x.com/Bybit_Official/status/1893687749229563958 https://x.com/benbybit/status/1893865556840775758 https://x.com/lookonchain/status/1893840256342040727 https://x.com/TimBeiko/status/1893412457567383559 https://x.com/ethena_labs/status/1892971552565805309

00:34:12 Ethereum Hard Fork Backlash

00:43:03 SEC Drops Lawsuits https://x.com/coinbase/status/1892923603814936896 https://x.com/dfinzer/status/1893086281300582772 https://x.com/Uniswap/status/1894452298698358989 https://x.com/econoar/status/1894501626209271973

00:48:32 Hester Peirce Update

00:54:46 Bullish Or Bearish?

01:04:48 A16Z’s Newest Hire https://x.com/patrickmchenry/status/1894735546213171378

01:06:30 Stablecoin Issues

01:12:31 US Treasury Updates https://x.com/Bitcoin_Laws/status/1893399549454229690 https://bitcoinlaws.io/

01:15:58 Find Alex on Twitter https://x.com/intangiblecoins

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

AI ROLLUP #13: Crypto AI vs Silicon Valley | Live From ETH Denver Feb 27, 2025

Show notes

📣RESERVE | INVEST IN CRYPTO NARRATIVES https://bankless.cc/reserve ------

Tom Shaughnessy from Delphi joins us to break down the AI x crypto space—where the value is, how to spot winning models, and why Silicon Valley AI and crypto AI are taking very different approaches. We also get into agent-based research, the fracturing of frontier models, and… a birthday surprise at the end.

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

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

🦋MORPHO | CRYPTO-BACKED LOANS https://bankless.cc/Morpho

🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo

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------ TIMESTAMPS

00:00 Start 04:42 Delphi's Interest In The Space 08:20 Initial AI Crypto Use Cases 09:18 The Era's Of AI 13:41 Where Does Value Accrual Come From 20:38 How Do You Choose The Winning Model? 27:08 Silicon Valley AI Vs Crypto AI 37:12 Fracturing Of Frontier Models 41:43 What's Exciting? 46:27 Due Diligence Via Agent 49:02 When To Use What Agent 53:10 A Birthday Surprise

------ RESOURCES

Tom Shaughnessy https://x.com/Shaughnessy119

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

Why This Cycle Feels Broken, Memecoins & Macro | Ben Cowen Feb 24, 2025

Show notes

Ben Cowen, founder of Into the Cryptoverse, breaks down why the current crypto cycle feels different from past ones.

We explore the Advanced Decline Index and how it reveals why Bitcoin is thriving while most altcoins struggle. Ben also discusses the impact of quantitative tightening, the ETH/BTC ratio, and why meme coin speculation is distorting market dynamics.

A must-listen for anyone navigating crypto’s shifting landscape and seeking deeper market insights!

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⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

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

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

🦋MORPHO | CRYPTO-BACKED LOANS https://bankless.cc/Morpho

🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo

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------ TIMESTAMPS

00:00 Intro 04:37 Advance Decline Index (ADI) 08:45 Crypto Vibes & Economy 10:26 ETH & BTC Dollar Relation 15:04 Has ETH Gone Home? 20:38 FED & Memecoins 23:58 Take on SOL/BTC Ratio 28:51 Rise of Meme & Alt Coins 31:45 Where the Value Lies in the Market? 39:11 Trump’s Plans with Tenures & Dollar 44:00 Crypto's Bullish Setup vs. Market Vibes 47:35 Meme Coins vs. VC Giants 53:36 Did We Just Skip a Cycle? 59:08 Closing & Disclaimers

------ RESOURCES

Ben Cowen https://x.com/intocryptoverse

Into the Cryptoverse https://intothecryptoverse.com/

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

ROLLUP: Milei’s Memecoin Scandal | KAITO Airdrop | The Fed’s QT Pivot? | Ethereum’s Pectra Upgrade Feb 21, 2025

Show notes

This week’s Weekly Rollup, David and Kain Warwick dive into Argentine President Milei’s LIBRA fiasco and Strategy’s bold $2B Bitcoin play, while we check out the new Kaito airdrop making waves. We also explore Ethereum’s biggest upgrade yet—Pectra—plus Monad’s high‐speed L1 testnet launch. Finally, we dig into the SEC’s fresh “CETU” cyber unit and what the brand‐new Infinex platform means for DeFi. Tune in for all the drama and alpha happening in the third week of February! ------ 📣RESERVE | INVEST IN CRYPTO NARRATIVES https://bankless.cc/reserve ------ BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax

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⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

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

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

🦋MORPHO | CRYPTO-BACKED LOANS https://bankless.cc/Morpho

🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo

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------ TIMESTAMPS & RESOURCES

0:00 Intro, Libra, Memecoins, & ICOs https://x.com/KobeissiLetter/status/1890611964994363769 https://dexscreener.com/solana/bzzmnvfm7t6zsgfelxzermrxfkanldo4fszvsisxcszz https://x.com/bubblemaps/status/1890531084221182326 https://x.com/JMilei/status/1890606683291779195 https://x.com/KelsierVentures/status/1890914579493863532 https://x.com/MemeCoin_Track/status/1892324967196569675 https://x.com/JupiterExchange/status/1891181433588470052 https://x.com/hellochow/status/1891341548115149190 https://x.com/stoolpresidente/status/1891285564713836830 https://x.com/KobeissiLetter/status/1890611982320971992 https://www.bloomberg.com/news/articles/2025-02-18/argentina-scandal-fuels-selloff-on-favorite-memecoin-platform https://x.com/RunnerXBT/status/1891400277535703389 https://polymarket.com/event/milei-out-as-president-of-argentina-in-2025?tid=1740070784399

29:59 Markets https://www.strategy.com/press/strategy-announces-proposed-private-offering-of-2b-of-convertible-senior-notes_02-18-2025

38:51 Kaito Airdrop https://yaps.kaito.ai/ https://x.com/KaitoAI/status/1890379872280682548 https://www.coingecko.com/en/coins/kaito https://x.com/divine_economy/status/1892597817434145113 https://x.com/smyyguy/status/1892585101873033380

53:16 Ethereum’s Pectra Upgrade https://x.com/sassal0x/status/1890534315148132521

1:00:21 Monad launched a public testnet https://x.com/monad_xyz/status/1892227817149997212

1:00:47 SEC Launches New Cyber Unit ‘CETU’ Aims to Protect From Bad Actors https://www.sec.gov/newsroom/press-releases/2025-42

1:06:52 Infinex https://x.com/infinex_app/status/1887028112099283198

1:11:29 Closing & Disclaimers

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

AI ROLLUP #12: Kaito's Secret Token Utility | Grok 3 Released | Bittensor Launch | Virtuals Revenue Record Feb 20, 2025

Show notes

Ejaaz and David are back this week with a new frontier model to dissect. With the release of Grok 3, xAI is now a real competitor to companies like Anthropic and OpenAI. Joining this news cycle is Kaito, set to launch it's airdrop and it turns out Ejaaz is... a top yapper? Meanwhile, David tried to get a date with an AI agent and a Kardashian is quote tweeting Virtuals, it's been a weird week.

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

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

🦋MORPHO | CRYPTO-BACKED LOANS https://bankless.cc/Morpho

🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo

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------ TIMESTAMPS & RESOURCES

00:00 Intro & Temp Check

04:10 Grok 3 Release https://x.ai/blog/grok-3

12:25 Nous Research https://x.com/NousResearch/status/1890148000204485088

20:17 Date Abby http://dateabby.com

23:22 Replit and Agent On Agent Coding

27:59 Kaito Explained https://x.com/0x_ultra/status/1891353010934358456?s=46

36:47 Kaito Airdrop

41:18 Tracy And Sports Betting AI https://x.com/HeyTracyAI https://x.com/khloekardashian/status/1891552900070908130

45:13 BillyBets https://docs.billybets.ai/ https://x.com/VaderResearch/status/1891699035742011673

50:48 BIttensor Upgrade https://x.com/Old_Samster/status/1890071216645603802

56:03 AI16Z https://x.com/ai16zdao/status/1890473840314315158

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

SEC's Crypto Task Force: A New Era for Regulation? | Hester Peirce Feb 17, 2025

Show notes

SEC Commissioner Hester Peirce discusses her new role as head of the SEC Crypto Task Force and its impact on crypto regulation. We explore the repeal of SAB 121, how the task force aims to bring clarity to token issuances, and potential pathways for retroactive relief for crypto projects. Peirce also shares insights on SEC-CFTC collaboration, no-action letters, and her approach to prioritizing key industry issues. A must-listen for understanding the future of crypto regulation and policy shifts at the SEC!

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

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

🦋MORPHO | CRYPTO-BACKED LOANS https://bankless.cc/Morpho

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------ TIMESTAMPS

00:00 Intro 04:21 Post-Election Thoughts 05:09 Crypto Task Force & SAB 121 11:00 Hester's Statement on SEC Site 12:41 Issuing Tokens & SEC 14:58 No-Action Letters 18:30 Communication with SEC 22:00 Task Force & Companies 23:55 SEC & CFTC Relations 26:42 Token as a Security? 32:00 KYC, Securities & Open Networks 36:23 Investment Barriers & Accreditation 38:32 Paul Akin’s Retirement Effects 40:30 Matt Levine’s "Dumb Investment" 42:52 SEC & Memecoins 45:03 Airdropped Coins 47:33 Miscellaneous Issues 48:46 SEC & ETFs 49:23 Prioritizing Work 50:17 Future SEC Plans 53:15 Closing & Disclaimers

------ RESOURCES

Hester Peirce https://www.sec.gov/about/sec-commissioners/hester-m-peirce https://x.com/HesterPeirce

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

ROLLUP: Trump vs. The Fed | Staked ETH ETF | The First Stage 2 Rollup | Robinhood's Crypto Pivot Feb 14, 2025

Show notes

This week’s Weekly Rollup covers Trump’s clash with the Fed over interest rates and the surprising crypto moves from Trump Media. Gauntlet’s Tarun Chitra joins us to unpack the latest developments—from OpenSea’s upcoming airdrop to Arbitrum’s permissionless fault proofs—while we debate whether airdrops are truly over. We also dig into Vitalik’s “communist” joke and Dave Portnoy’s memecoin mania. Tune in for all the drama and alpha happening in the second week of February!

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

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

🎮RONIN | THE FUTURE OF WEB3 GAMING https://bankless.cc/Ronin

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------ TIMESTAMPS & RESOURCES

00:00:00 Start

00:03:33 Trump vs The Fed

http://cnbc.com/2025/02/12/hopes-for-more-fed-rate-cuts-dim-as-powell-notes-hot-cpi-means-were-not-quite-there-yet.html

http://x.com/bennyjohnson/status/1889681567779283447

00:06:25 Tarun Market Takes

00:10:18 ETH Staking ETF

http://x.com/WatcherGuru/status/1889803399320969603

http://x.com/RasterlyRock/status/1889856397032235226

00:15:26 Robinhood Enters The Chat

http://x.com/Tyler_Did_It/status/1889833087258992937

http://x.com/bridge__harris/status/1889904770485461389

http://x.com/0xjaypeg/status/1889805008318906689

00:27:13 Brian Quintenz Nominated to Lead CFTC

http://warpcast.com/brianquintenz/0xbd4cc8ef

http://x.com/TrustlessState/status/1889736851474333932

00:30:08 Is The Airdrop Meta Over?

http://x.com/ffvv1211/status/1889333575348355152?s=46

00:34:21 MegaETH Exploring Alternatives

http://x.com/megaeth_labs/status/1889733671420330150

http://x.com/barnaclebarny/status/1889936153509503193

00:40:38 OpenSea SEA Airdrop

http://x.com/openseafdn/status/1890041091577057522

http://x.com/dfinzer/status/1890039791808376874

00:46:17 Ethereum Shenanigans

http://x.com/VitalikButerin/status/1889771554512200166

http://x.com/ameensol/status/1889774627796427235

http://x.com/TrustlessState/status/1889900532770414985

http://x.com/laurashin/status/1890044244750135695

http://x.com/ethereumfndn/status/1889978208986280031

00:52:51 Arbitrum Launched BOLD

http://x.com/ArbitrumDevs/status/1889709836226416805

http://l2beat.com/scaling/projects/arbitrum

00:55:19 JailStool

http://x.com/stoolpresidente/status/1887963615161905566

http://x.com/stoolpresidente/status/1887936281058947391

http://x.com/stoolpresidente/status/1887960660820042168

http://x.com/stoolpresidente/status/1889032422768918834

http://x.com/stoolpresidente/status/1888332104016015781

http://x.com/stoolpresidente/status/1888337834605420917

http://x.com/trustyournuts/status/1888336912844255436

http://x.com/CryptoKaleo/status/1888420272182604043

http://x.com/stoolpresidente/status/1888598919354941897

http://dexscreener.com/solana/etcwbb9ft7yyagpkvz6ag1qzwpjxs79tg2r7tszyup72

01:04:01 Where To Find Tarun

https://x.com/tarunchitra

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

AI ROLLUP #11: $97B Elon OpenAI Rumor | AI Crypto Rebound? | Virtuals on Solana | ARC Launchpad Feb 13, 2025

Show notes

Ejaaz and David reunite to dissect the AI Crypto sector’s rebound from a 70% crash, fueled by Elon’s rumored $97B OpenAI bid and the relentless rise of open-source devs being heads down. They explore how tokens might be the most accessible path to AI exposure, why ARC’s curated launchpad could elevate agent quality, and what Virtuals’ move onto Solana means for cross-chain expansion. Meanwhile, X (Twitter) embraces a new wave of AI agents, and AI16z reorganizes to stay competitive. Is this the turning point for AI and crypto—or just another plateau? Tune in to find out, anon.

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🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax

🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

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

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

🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/34

------ TIMESTAMPS & RESOURCES

0:00 Intro

1:17 Crypto x AI Exposure Strategy

10:56 Elon’s $97B OpenAI Bid

13:14 Crypto x AI Mindshare & Markets https://www.cookie.fun/ https://x.com/S4mmyEth/status/1889675738099376149 https://x.com/dv_memetics/status/1888956005515477372 https://x.com/0xelonmoney/status/1889743777088360909

22:48 Andrej Karpathy https://x.com/karpathy https://x.com/hyperbolic_labs/status/1887229114769359013

22:58 Replit comes out with a mobile app https://x.com/Replit/status/1887159041455169683 https://x.com/karpathy/status/1886192184808149383

33:12 X (Twitter) is getting involved in agents https://x.com/ethermage/status/1887526320487473326

37:24 ARC reveals their new launchpad & agent launch https://x.com/cryptopunk7213/status/1889768219873099902 https://x.com/askjimmy_ai/status/1889736290696045017 https://x.com/0thTachi/status/1887620290727059731

51:17 Virtuals are live on Solana! https://x.com/virtuals_io/status/1889365020393496910 https://x.com/gkisokay/status/1889721779146596503 https://x.com/virtuals_io/status/1887508625268367843 https://x.com/gkisokay/status/1889331963917729993

59:03 AIXBT holders can now connect X account = richer agent interactions https://x.com/aixbt_terminal/status/1887355817957204434

1:02:46 Ai16z (ElizaOS): a brutally raw take https://x.com/CryptoStreamHub/status/1887435927309721992

1:07:57 What Ejaaz focused on this upcoming week

1:08:59 Closing & Disclaimers

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

Berachain 101: Everything You Need To Know | Founder Smokey The Bera Feb 12, 2025

Show notes

In this episode, we speak with Smokey the Bera, co-founder of Berachain, about the project’s newly launched mainnet and its innovative Proof of Liquidity model. The discussion unpacks Berachain’s unique three-way relationship between its app layer, validators, and a nontransferable governance token that reimagines traditional proof of stake systems. Smokey explores both the potential benefits and the challenges of this economic experiment as it seeks to reshape blockchain economics. We also spotlight our sponsor Morpho, whose cutting-edge integration of DeFi with traditional finance is driving new opportunities in the market.

------ 📣 MORPHO | GO-TO LENDING INFRASTRUCTURE https://bankless.cc/Morpho

------ BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax

🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

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

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

🎮RONIN | THE FUTURE OF WEB3 GAMING https://bankless.cc/Ronin

------ TIMESTAMPS 00:00 Start 05:10 How Did Bera Come To Be? 09:43 Starting With Community 12:09 The Memetic Roadmap 14:43 Proof Of Liquidity 20:41 The Triangle Based Loop 33:26 Liquidity Provisioning 35:21 Discovering Equilibrium 38:28 How To Grow Market Share 43:53 Bera and Monad 47:13 Addressing Criticism 53:51 2025 Roadmap

------ RESOURCES

Smokey - https://x.com/smokeythebera

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

Unichain is Live! What This Means For The Future of DeFi | Hayden Adams Feb 11, 2025

Show notes

Hayden Adams, creator of Uniswap, introduces UniChain, a new Layer 2 solution designed to enhance DeFi scalability and efficiency.

We explore UniChain’s innovations, including its decentralized sequencing mechanism, one-second block times, and seamless interoperability with Ethereum and the Optimism Superchain. Adams also discusses Uniswap v4’s impact on gas efficiency and how UniChain aims to reduce MEV extraction, benefiting users and liquidity providers.

A must-listen for anyone interested in the future of DeFi scalability and cross-chain integration!

------ 📣 MORPHO | GO-TO LENDING INFRASTRUCTURE https://bankless.cc/Morpho

------ BANKLESS SPONSOR TOOLS:

🪙 FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax

🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain

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

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

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/31

------ TIMESTAMPS

0:00 Intro 5:38 Unichain’s Significance 11:43 Uniswap V4 & Unichain 18:56 Unichain's Interoperability 25:46 How Interoperability Works 31:21 Tech Behind Interop 46:33 Mempools, MEVs & Unichain 49:16 When Will Blocks Hit 250ms? 50:25 Unichain's Validation & Fees 56:02 Unichain Rollout 58:51 Unichain Developer Ecosystem 1:05:53 Hooks & Uniswap V4 1:12:29 Closing & Disclaimers

------ RESOURCES

Hayden Adams https://x.com/haydenzadams

Unichain https://unichain.org/

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

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