Bankless

Episoade

• "ZODL is to Zcash What Coinbase Was to Bitcoin" | Josh Swihart on ZEC’s Awakening 01.06.2026 56min

  What happens when every payment, wallet, and onchain interaction becomes searchable by governments, companies, adversaries, and AI? Josh Swihart, founder and CEO of Zcash Open Development Lab, joins David to explain why Zcash is having a major privacy comeback, how ZODL and the Zashi wallet helped unlock real shielded adoption, why the shielded pool may be the most important ZEC metric, and what it will take for private money to become too big to kill. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS 0:00 Intro 4:17 Privacy in the AI Era 6:19 Crypto’s Missing Privacy Layer 9:49 The Political Fight for Privacy 14:42 Can Crypto Retain Privacy? 16:47 From Zashi to ZODL 19:48 The Zcash Reawakening 21:41 Balaji, Funding, and the Mission 24:49 Product Market Fit for Shielded ZEC 27:51 ZODL's Role in the Zcash Stack 29:36 The Zcash Roadmap 32:56 What Is ZEC and is it Undervalued? 36:56 The Shielded Pool Explained 45:12 The $25M ZODL Raise 47:16 Compliance and Shielded ZEC 51:25 Institutions vs Cypherpunk Values 53:58 Personal Privacy in an AI World --- RESOURCES Josh Swihart https://x.com/jswihart ZODL https://x.com/zodl_app --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• ROLLUP: False Strength? | ETH Crisis | Altcoin ATHs | Satoshi’s Coins 29.05.2026 1h 3min

  Crypto is splitting in two: Bitcoin and ETH look weak, while HYPE, ZEC, NEAR, and VVV keep breaking out. Ryan and David unpack the strange market divergence, Ethereum’s crisis of faith, and whether this rally is real or false strength. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix --- TIMESTAMPS & RESOURCES 0:00 Intro 1:48 Markets https://x.com/TrustlessState/status/2059793993551008245  https://x.com/cburniske/status/2059797889824776463 https://imgur.com/Tp9beNo https://www.theblock.co/post/402816/bitcoin-falls-below-73000 https://imgur.com/R0ih6kL https://x.com/solunavaxxer/status/2060021032455741567 https://www.youtube.com/watch?v=l3ptz8qvZcg https://x.com/readDanwrite/status/2057476278140145717  https://www.artemis.ai/sectors/digital-asset-treasuries https://x.com/saylor/status/2059970505835155782 https://x.com/Kalshi_Crypto/status/2059983883274191046 https://www.hypestrat.xyz/ https://imgur.com/1MUGQy7 https://polymarket.com/event/what-price-will-bitcoin-hit-before-2027 https://polymarket.com/event/what-price-will-ethereum-hit-before-2027 https://www.coingecko.com/en/coins/hyperliquid https://www.coingecko.com/en/coins/venice-token https://www.coingecko.com/en/coins/near https://www.coingecko.com/en/coins/zcash https://x.com/JSeyff/status/2059689056368210228 https://farside.co.uk/hyp/ https://x.com/PolymarketTrade/status/2059973516963750204 https://x.com/KobeissiLetter/status/2060004371983667484 https://www.axios.com/2026/05/28/iran-peace-deal-trump-approval https://imgur.com/m7YNdxu https://imgur.com/MIdPjqZ https://imgur.com/VoixfYd https://imgur.com/s5AYaWg https://www.theblock.co/post/402638/tokenized-pokemon-card-marketplaces-record-7-4-million-hype-peaks-30th-anniversary 32:26 Ethereum Sentiment Crisis & DeFi Under AI Threat? https://x.com/TrustlessState/status/2059371247163613489 https://x.com/hosseeb/status/2057455211375976891 https://www.theblock.co/post/402864/standard-chartered-ethereum-amazon-dot-com-bubble-eth-will-catch-up https://x.com/Yogita_Khatri5/status/2059955611085709612 https://x.com/VitalikButerin/status/2058583593102844111 https://farcaster.xyz/vitalik.eth/0x88000d5f https://x.com/maraoz/status/2059413578130641052 55:25 Robostrategy: Nic Carter & Andrew Kang Pivot to Robotics https://x.com/RoboStrategy/status/2059650538380165331 https://x.com/intern/status/2059287577257992623 56:52 NEAR Confidential Transactions https://x.com/NEARProtocol/status/2057810480635228666 t.co/BrLpsWmzKd https://x.com/ilblackdragon/status/2059793756933767379 58:10 SoFiUSD & Bank Stablecoins https://www.theblock.co/post/402361/sofi-rolls-out-sofiusd-stablecoin-to-banking-app-users https://x.com/TrustlessState/status/2059676463125655575 59:22 Cash App Adds Multi-Chain USDC https://www.theblock.co/post/402784/cash-app-lets-users-send-usdc-stablecoins-on-chains-like-solana-and-ethereum 1:00:13 Satoshi Coins Finders-Keepers Lawsuit https://www.galaxy.com/insights/research/satoshi-bitcoin-salomon-brothers-patoshi-abandoned-property-new-york-noah-doe-lawsuit 1:03:00 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo 27.05.2026 50min

  NEAR keeps showing up in strange places: cross-chain wallets, privacy apps, AI infrastructure, and now the emerging agent economy. Sal Ternullo, CEO of SVRN, joins us to explain why he thinks this is not another NEAR pivot, but the original thesis finally coming into focus. They dig into NEAR Intents, AI money, tokenomics, privacy, fee capture, agentic commerce, and why SVRN is trying to commercialize the NEAR ecosystem rather than simply hold the asset. --- 🧭OKX | 120M+ USERS WORLDWIDE https://bankless.cc/OKXapp --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS 0:00 Intro 2:23 Why NEAR Keeps Showing Up 3:58 Pivot or Return to Roots? 7:41 The “AI Money” Thesis 9:54 Intents, Zashi, and Real Product Market Fit 11:38 Tokenomics, Buybacks, and Value Accrual 14:45 NEAR’s Different Approach From Ethereum 18:00 Fees, Scaling, and First-Party Apps 23:04 Cross-Chain Liquidity as NEAR’s Moat 28:27 The Contrarian Investor Case for NEAR 31:43 Privacy, Enterprises, and AI Agents 39:38 What SVRN Is Building for NEAR 46:00 Investor Sentiment and Final Thoughts --- RESOURCES Sal Ternullo https://x.com/sal_ternullo SVRN https://x.com/svrn_ai --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince 25.05.2026 1h 32min

  The internet is about to be flooded by machines, and Matthew Prince thinks the old business model is not ready. The Cloudflare co-founder and CEO joins Bankless to explain why AI agent traffic could overtake human traffic by 2027, how crawlers are changing the economics of content, why ads and subscriptions may not survive in their current form, and how x402, stablecoins, and pay-per-crawl could create a new payment layer for the web. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS 0:00 Intro 1:18 When AI Bot Traffic Overtakes Humans 4:19 What Cloudflare Actually Does 10:40 Life on the Internet’s “Ice Wall” 13:33 The Internet’s Business Model Problem 17:43 Google, Traffic, and the Attention Economy 24:56 AI Agents and the End of Ads 28:47 Why Faster Answers Can Still Hurt Creators 33:26 AI Companies as the Next YouTube or Netflix 38:18 Creating Scarcity for Content Markets 41:52 Content Independence Day 45:24 Should AI Agents Count as Human Users? 51:37 The Risks of Subscription-Only AI 57:24 A Golden Age of Content Creation? 1:01:46 Pay-Per-Crawl and x402 1:04:34 Why Stablecoins Matter 1:07:56 The Cloudflare Stablecoin Question 1:14:18 The Final Form of the Internet 1:17:40 The Park Record and Local Journalism 1:22:16 The Centralization Risk 1:27:12 Advice for Content Creators --- RESOURCES Matthew Prince https://x.com/eastdakota --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• ROLLUP: David Sold His ETH | EF Exodus | Hyperliquid’s Breakout | Stagflation Fears 22.05.2026 1h 11min

  Crypto’s old leaders are struggling, but new winners are breaking out. Ryan and David unpack the rise of HYPE, Zcash, and Venice, the macro bear fuel markets are ignoring, the EF talent exodus, and why David selling his last ETH may mark a new era for Ethereum and Bankless. --- 📣METAMASK | $100,000 ONDO GM CHALLENGE https://bankless.cc/OndoOnMetaMask  --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix --- TIMESTAMPS & RESOURCES 0:00 Intro 3:28 Bear Fuel for Markets & Pockets of Bullishness in Crypto https://x.com/KobeissiLetter/status/2056184339390419205 https://x.com/Barchart/status/2056350919139500364 https://x.com/JesseCohenInv/status/2056297490366837184 https://imgur.com/YqnyoBc https://x.com/KobeissiLetter/status/2056556783221502060 https://polymarket.com/event/how-many-fed-rate-cuts-in-2026 https://thedefireport.io/research/signs-of-a-cycle-bottom#macro-update https://www.cnbc.com/2026/05/21/iran-war-us-peace-talks-trump-hormuz.html https://polymarket.com/event/us-x-iran-permanent-peace-deal-by 21:27 Hyperliquid, HYPE, and Pre-IPO Price Discovery https://x.com/Matt_Hougan/status/2056720926234882533 https://polymarket.com/event/openai-ipo-closing-market-cap https://www.coindesk.com/markets/2026/05/20/elon-musk-s-spacex-holds-18-712-bitcoin-at-fair-value-of-usd1-29-billion-ipo-filing-shows https://www.reuters.com/legal/government/sec-readies-plan-trading-crypto-versions-stocks-bloomberg-news-reports-2026-05-18/ https://www.coindesk.com/markets/2026/05/21/binance-launches-spacex-pre-ipo-perps 32:43 Wintermute Opens DeFi Vaults on Morpho https://www.wintermute.com/insights/news/wintermute-launches-armitage-bringing-its-defi-and-trading-expertise-to-vault-curation https://x.com/wintermute_t/status/2056722776241902065 https://bitwiseinvestments.com/newsroom/bitwise-expands-onchain-solutions-with-introduction-of-non-custodial-vault 38:12  Trump’s Quantum Bets and U.S. Industrial Policy & Blockchain.com IPO and Ronin Migrates to Ethereum L2 https://x.com/KobeissiLetter/status/2057431484915454235 https://www.theblock.co/post/402182/blockchain-com-confidentially-files-for-us-ipo-as-crypto-firms-continue-public-market-push https://www.coindesk.com/tech/2026/05/11/ronin-set-to-transition-to-ethereum-layer-2-from-independent-sidechain 46:34 EF Exodus and Ethereum’s Identity Crisis https://x.com/TrustlessState/status/2056383261648015443 https://x.com/drjasper_eth/status/2056405742769377490/photo/1 https://x.com/tkstanczak/status/2022315368430067847 https://x.com/0xstark/status/2044757694389670239 https://x.com/trent_vanepps/status/2044412517313556786 https://x.com/barnabemonnot/status/2053914533211558331 https://x.com/TimBeiko/status/2050570831491645874 https://blog.ethereum.org/2026/05/11/protocol-update-may-26 https://x.com/CarlBeek/status/2056379557889143042 https://x.com/_julianma/status/2056391635731128763 https://x.com/DefiIgnas/status/2056403039968174208 https://www.theblock.co/post/395541/miladys-loyalty-pledge-unnecessary-culture-schism-ethereum-community https://x.com/josephdelong/status/2019116049694880021 https://x.com/dankrad/status/2057441946616930799 https://x.com/ETH_Daily/status/2056549932455330020 https://x.com/wmougayar/status/2047274807230611805 1:00:04 David Sold His ETH and a New Era for Bankless https://x.com/TrustlessState/status/2057183150816583834 https://x.com/RyanSAdams/status/2057216981368221776 1:10:00 Moment of Zen https://x.com/ethcforg/status/2057474005913792654  --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• Bitcoin’s $300T Credit Market Opportunity | Jeff Walton 21.05.2026 1h 18min

  Bitcoin may be outgrowing the “digital gold” narrative. David sits down with Strive Chief Risk Officer Jeff Walton to unpack how Bitcoin-backed credit products like SATA and Strategy’s STRETCH could turn BTC into digital capital, why Jeff says the “Ponzi” framing misunderstands the balance sheet, how 13% yield and daily dividends could disrupt credit markets, and why this new financial layer may expand Bitcoin’s TAM far beyond gold. --- 📣OKX | THE NEW MONEY APP https://bankless.cc/OKXapp --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS 0:00 Intro 1:59 Stretch, Risk, and Balance Sheets 5:28 Dividend Backstop Debate 8:53 Measuring Bitcoin Downside 15:25 Success as Long-Tail Risk 19:17 Common Equity as Revenue 25:57 Digital Credit’s Massive Market 29:37 Credit, Liquidity, and Yield 33:02 Banks, Trust, and Inflation 36:08 Trust Networks Rebuilt 40:26 Digital Labor and Yield 44:38 Bitcoin’s Growing Capital Base 48:36 S-Curve and Market Size 52:36 Building on Bitcoin Instruments 55:58 Transforming the Asset 59:12 Co-opetition in Bitcoin Credit 1:03:23 Low Vol for Long Holders 1:09:13 Strive Versus Strategy 1:12:38 Scaling Faster Than Strategy 1:14:38 Jeff’s Bitcoin Origin Story 1:17:30 Closing & Disclaimers --- RESOURCES Jeff Walton https://x.com/PunterJeff True North Show https://www.youtube.com/@BTCTrueNorth Jeff’s Coffeezilla Interview https://youtu.be/pvZnpppwkoM?si=lXcF6r02yzmYE9jt --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• "Crypto Without Privacy Isn't Crypto" - The Zcash Bull Case | Tushar Jain & Mert Mumtaz 19.05.2026 1h 3min

  Zcash is having its first real narrative moment in years. David sits down with Multicoin Capital co-founder Tushar Jain and Mert Mumtaz to unpack why privacy may be crypto’s missing store-of-value primitive, why Zcash is being framed as “private Bitcoin,” how institutional adoption could normalize shielded money, what AI and onchain surveillance change about the privacy debate, and why quantum risk could become a real catalyst. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS 0:00 Why Multicoin Got Interested in Zcash 5:22 Mert’s Path from Solana to Zcash 9:57 Why Zcash, Why Now? 17:01 The Institutional Path for Private Money 22:03 Zcash as a Private Store of Value 25:27 Fungibility, Tainted Coins, and Financial History 27:26 The Bear Case: Does Anyone Really Care About Privacy? 34:43 Onchain Surveillance and Government Power 39:13 Zcash Tokenomics and the Forgotten Coin Thesis 44:58 The Last PVE in Crypto 50:17 Zcash and the Quantum Threat 59:14 Shielded Pool Growth and Upcoming Catalysts --- RESOURCES Tushar Jain https://x.com/tushar_jain Mert Mumtaz https://x.com/mert --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• Clarity Act Odds Jump to 75% After Surprise Senate Vote | Alex Thorn 18.05.2026 51min

  Two surprise Democrat votes just rerated the entire crypto policy timeline. After the Senate Banking Committee advanced the Clarity Act on a bipartisan basis, Galaxy Digital head of research Alex Thorn moved his odds of the bill being signed this year from a coin flip to 75%. He and David map the seven-week sprint to the president's desk, the ethics-provision standoff that could still sink everything, the bank lobby's quiet obstruction game, and why the stablecoin yield compromise leaves the real fight for rulemaking. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo  ------ TIMESTAMPS 0:00 Intro 0:39 Clarity Act Vote Reactions 5:16 What’s Next? 10:05 Trump Veto? 15:21 Stablecoin Rewards Compromise 28:14 Administration Precedence 31:02 Why is Clarity So Important? 41:01 Which Ecosystems Benefit the Most? 42:59 Clarity Act Passing Over-Under 48:17 Bitcoin Price After CLARITY 49:39 Closing & Disclaimers ------ RESOURCES Alex Thorn https://x.com/intangiblecoins  Galaxy Digital https://www.galaxy.com/  Senate Banking Committee Advances Crypto CLARITY Act https://www.bankless.com/read/news/senate-banking-committee-advances-crypto-clarity-act  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠
• ROLLUP: Is the Bull Back? | The Clarity Act | Wall Street on Ethereum | Anthropic Nukes Perps 15.05.2026 1h 5min

  Markets are ignoring every warning sign as stocks hit new highs, but crypto may finally have its catalyst. Ryan and David break down the CLARITY Act’s key vote, Wall Street’s Ethereum push, Bitcoin’s $80K test, and why private AI stocks are creating chaos onchain. --- 📣GALAXY | INSTITUTIONAL DIGITAL FINANCE https://bankless.cc/Galaxy   --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | GET 20% OFF  https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS & RESOURCES 0:00 Intro 2:46 Trump/Xi Meeting, Nvidia China Deal, and AI Stocks https://x.com/WhiteHouse/status/2054607212513730674 https://www.reuters.com/business/retail-consumer/us-clears-h200-chip-sales-10-china-firms-nvidia-ceo-looks-breakthrough-2026-05-14/ https://imgur.com/wLddwGM https://x.com/BullTheoryio/status/2054558694785077478 https://x.com/KobeissiLetter/status/2054177816573329496 https://fred.stlouisfed.org/graph/ https://x.com/coindesk/status/2054542868522365141 https://x.com/TedPillows/status/2054545275281182861 https://x.com/KobeissiLetter/status/2054940927379014035 https://x.com/KobeissiLetter/status/2054655260652716149 https://www.coingecko.com/en/coins/ethereum 28:06 Circle Earnings, Arc, and USDC Growth https://x.com/circle/status/2053785252037022157 https://x.com/marcarjoon/status/2054539947466522815 https://www.cnbc.com/2026/05/11/circle-closes-222-million-from-blackrock-apollo-for-arc-blockchain.html https://x.com/coingecko/status/2054042800203719158 32:54 Coinbase, USDC, and Hyperliquid Team Up + Anthropic and OpenAI Crack Down on Unauthorized Private Stock Sales https://x.com/wallstengine/status/2054928782918816102 https://app.hyperliquid.xyz/trade/xyz:CBRS https://x.com/caseycraig/status/2053568380796367301 46:57 CLARITY Act Passes Key Committee Vote https://x.com/brian_armstrong/status/2054552885376016718  https://x.com/DegenerateNews/status/2054968887796539789 https://x.com/valkenburgh/status/2054968314292486621 https://x.com/EleanorTerrett/status/2052890357952627000 https://polymarket.com/event/clarity-act-signed-into-law-in-2026/?via=bankless? https://x.com/FidelityPolicy/status/2054587652121284648 https://x.com/EleanorTerrett/status/2054295187048853637 https://www.banking.senate.gov/newsroom/minority/warren-statement-on-no-trump-ethics-provision-in-crypto-bill https://x.com/patrickjwitt/status/2054183222305554643 https://x.com/glxyresearch/status/2054635251503108596 https://x.com/EleanorTerrett/status/2054575825681367098 55:58 BlackRock, JPMorgan, and Fidelity Bring Money Markets to Ethereum https://x.com/VivekVentures/status/2054946669083390374 https://x.com/VivekVentures/status/2053101323390754982 https://x.com/NateGeraci/status/2052872497779896460 https://app.rwa.xyz/assets/BUIDL https://x.com/VivekVentures/status/2054305703272103977 https://x.com/EricBalchunas/status/2054316547712196688 https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/ https://x.com/Etherealize_io/status/2054945868210450519 https://x.com/NateGeraci/status/2054355513182171502 59:23 Bankless Thesis Check-In https://x.com/RyanSAdams/status/2054969401154130163 https://www.bankless.com/docs/mcp 1:03:43 Euphoria Mainnet Launch https://x.com/Euphoria_fi/status/2054954998375535097 1:04:45 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares 14.05.2026 44min

  Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. Dio Casares of Patagon breaks down how it actually works: which deals Anthropic blesses and which get cease-and-desists, why fake share certificates show up in 10-20% of executed deals, what tokenized equities and pre-IPO perps actually represent, and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs.  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | MEMBER MONTH https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo  ------ TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts ------ RESOURCES Diogenes Cesares https://x.com/diogenes  Patagon Markets https://patagonmarkets.com/  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠
• Will AI Populism Decide the 2028 Election? | Jasmine Sun 13.05.2026 1h 22min

  AI is no longer just a technology story. It is becoming a political fault line. Jasmine Sun joins Bankless to unpack the rise of AI populism, why backlash against data centers and AI labs is spreading across strange political coalitions, and whether jobs, inequality, and SuperPAC money could turn AI into a defining 2028 election issue. --- 🎬 DEBRIEF | RYAN & DAVID BREAKDOWN THE EPSIODE https://www.bankless.com/podcast/debrief-will-ai-populism-decide-the-2028-election --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS 0:00 What Is AI Populism? 2:56 Why AI Could Matter in 2028 11:13 Data Centers, Distrust, and Warning Shots 25:27 The Jobpacalypse Debate 43:25 Game Over for Labor? 51:52 The New AI Political Map 1:04:50 Power Inequality, Policy, and the Grand Bargain 1:18:37 How to Stay Useful in the AI Era --- RESOURCES Jasmine Sun https://x.com/jasminewsun Jasmine’s Substack https://substack.com/@jasmine --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• How Long Will the AI Boom Continue? The #1 Question for Crypto Investors | Michael Nadeau 12.05.2026 1h 5min

  AI stocks are ripping, crypto is following, and the question is whether this is the next leg higher or the final frothy phase before a reset. Ryan and Michael Nadeau break down why Bitcoin is so tied to the NASDAQ right now, how today’s AI boom compares to 1999, and what investors should watch if the bubble keeps inflating or finally starts to burst. Michael Nadeau & The DeFi Report: https://x.com/JustDeauIt https://bankless.cc/BTDR-RSS --- 📣THE DEFI REPORT | 20% OFF ANNUAL PLANS https://bankless.cc/BTDR-RSS   --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | GET 20% OFF  https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS & RESOURCES 0:00 Intro 1:48 The Bubble Debate 3:16 Defining the Bubble 4:33 Historical Perspectives on Bubbles 7:20 AI's Growth and Market Narratives 8:46 Technology Hype Cycles 11:21 Current Market Analysis 12:08 Understanding the Shiller PE Ratio 15:09 Revenue Growth Forecasts 18:19 Theories Behind Current Market Conditions 20:44 Analyzing Profit Margins 23:53 Price vs. Fundamentals 27:26 The Role of Market Sentiment 31:30 Historical Market Patterns 32:32 Lessons from the Dot-Com Era 35:17 Market Concentration and AI 39:38 The Future of AI Investments 41:45 Capital Flows in Tech 49:31 Geopolitical Implications and Market Behavior 53:25 Investor Positioning Strategies 1:04:30 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs 11.05.2026 1h 34min

  North Korea isn’t just hacking crypto anymore, it’s studying it, infiltrating it, and turning DeFi’s weakest links into a state-run revenue machine. This time around, Ryan and David sit down with Ari Redbord of TRM Labs to unpack the Drift hack, the $6B DPRK crypto crime machine, how stolen funds move through THORChain, Bitcoin, OTC desks, and Chinese laundering networks, and why the fightback may require everything from better DeFi security to real-time Beacon alerts and offensive cyber. --- 🎬 DEBRIEF | RYAN & DAVID BREAKDOWN THE EPISODE https://www.bankless.com/podcast/debrief-why-north-korea-is-winning-crypto-crime-and-how-to-fight-back-ari-redbord-trm-labs --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS 0:00 Intro 2:16 The Drift Hack 5:15 Human Weak Points 11:16 The DPRK Hacker Network 14:56 The $6B Machine 20:32 Fighting Back 28:11 Seizures and Victims 38:58 Inside TRM Labs 47:01 Laundering Rails 52:51 The Beacon Network 58:06 Privacy vs Security 1:10:20 Code and Crime 1:14:49 Iran on Tron 1:22:55 Bitcoin and Power 1:28:49 Hardening DeFi --- RESOURCES Ari Redbord https://x.com/ARedbord TRM Labs https://www.trmlabs.com/ TRM’s DPRK Report https://www.trmlabs.com/resources/blog/north-korea-stole-76-of-all-crypto-hack-value-in-2026-with-just-two-attacks Ari’s Homeland Security Testimony https://www.congress.gov/119/meeting/house/119126/witnesses/HHRG-119-HM11-Wstate-RedbordA-20260421.pdf --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling 08.05.2026 1h

  Stocks and AI are ripping to new highs, and crypto is getting pulled along for the ride. Ryan and David break down whether this rally is real or too frothy, what the CLARITY Act still needs to survive, why Coinbase layoffs are colliding with billion-dollar crypto raises, and what Saylor selling Bitcoin would actually mean. 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | GET 20% OFF  https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS & RESOURCES 0:00 Intro 1:29 Markets  https://www.coingecko.com/  https://imgur.com/a/xfVRCtd https://thedefireport.io/research/btc-is-nearing-an-inflection-point#btc-vs-nasdaq-correlation https://www.google.com/finance/beta/quote/.INX:INDEXSP https://www.reuters.com/business/stunning-us-profit-strength-ignites-stocks-charge-record-peaks-2026-05-06/ https://x.com/claudeai/status/2052060691893227611 https://x.com/Cointelegraph/status/2052247071491604672 https://x.com/KobeissiLetter/status/2052042082185809991 https://app.hyperliquid.xyz/trade/vntl:ANTHROPIC https://x.com/jasongoepfert/status/2052110616622485834 https://x.com/RyanSAdams/status/2049971216413343991 https://x.com/KobeissiLetter/status/2050566239961956630 https://x.com/WhitePine009/status/2050578574348845271 https://x.com/Sam_Badawi/status/2050710130766074085/video/2  https://polymarket.com/event/us-x-iran-permanent-peace-deal-by/?via=bankless? https://x.com/RealStockCats/status/2052042448944124110 23:06 CLARITY Act Clears a Hurdle https://x.com/SenThomTillis/status/2051464145384489270 https://x.com/faryarshirzad/status/2050325150747484421 https://www.coindesk.com/policy/2026/05/01/clarity-act-text-lets-crypto-firms-offer-stablecoin-rewards-while-shielding-bank-yield https://x.com/intangiblecoins/status/2050331808240156721 https://x.com/kalshi_crypto/status/2052106907511320920 https://polymarket.com/event/clarity-act-signed-into-law-in-2026/?via=bankless? 31:20 Coinbase Layoffs vs Crypto Fundraises https://x.com/brian_armstrong https://x.com/0x_Lucas https://x.com/katie_haun/status/2051318562497716655 https://x.com/cdixon/status/2051633104549502989 https://x.com/emilios_eth/status/2051704246798549176 34:55 Is Saylor Selling Bitcoin? https://x.com/WatcherGuru/status/2051802384943194431  https://x.com/WatcherGuru/status/2051797790494261301 40:44 Arbitrum DAO Meets U.S. Courts https://unchainedcrypto.com/u-s-court-freezes-71-million-in-kelp-dao-eth-after-north-korea-terrorism-creditors-file-claim/ https://x.com/aave/status/2051329772190347560 https://x.com/tayvano_/status/2050407082084663430 https://x.com/ImperiumPaper 47:09 Ethereum L1 Is Scaling Again https://x.com/RyanSAdams/status/2051773131807690847 https://blog.ethereum.org/2026/05/02/soldogn-interop-recap https://forkcast.org/upgrade/glamsterdam 51:16 Strategic Bitcoin Reserve Update https://www.coindesk.com/policy/2026/05/06/u-s-bitcoin-reserve-update-coming-in-next-few-weeks-white-house-s-adviser-says https://www.dlnews.com/articles/people-culture/bo-hines-exits-white-house-crypto-post-amid-bitcoin-mystery/ https://polymarket.com/event/us-national-bitcoin-reserve-before-2027/?via=bankless? 59:31 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• “Finding Satoshi”—How a Private Investigator Solved the Mystery of Bitcoin’s Creator | Bill Cohan & Tyler Maroney 04.05.2026 1h 16min

  Spoiler alert: This episode contains spoilers for the documentary Finding Satoshi. Bill Cohan and Tyler Maroney unpack their new documentary Finding Satoshi, a four-year investigation into the identity of Satoshi Nakamoto. They explore why Satoshi’s identity still matters, the cypherpunk roots of Bitcoin, the public interest behind the mystery, and what the search reveals about privacy, money, power, and the mythology at the heart of crypto. ------ 🔎 FINDING SATOSHI | USE CODE: BANKLESS (20% OFF) https://www.findingsatoshi.com/bankless 🎬 DEBRIEF | RYAN & DAVID BREAKDOWN THE EPSIODE https://www.bankless.com/podcast/debrief-finding-satoshi-how-a-private-investigator-solved-the-mystery-of-bitcoins-creator  ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | GET 20% OFF  https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo  ------ TIMESTAMPS 0:00 Intro 1:17 Did We Find Him? 6:32 Why Find Satoshi? 11:54 Why OGs Didn’t Care 14:57 How Hard was the Investigation? 18:20 Talking to the Early Cypherpunks 19:58 Public Interest 26:08 Cypherpunk’s Ideology 39:07 Spoiler Alert: The Aha Moment 51:30 Satoshi’s Death 1:00:59 Bitcoin as a Public Good 1:05:23 Will Satoshi Come Back? 1:10:39 Was it All Planned? 1:11:52 Quantum Treasure Hunt 1:14:00 What would Satoshi think of Bitcoin Today? 1:17:09 Closing & Disclaimers ------ RESOURCES William D. Cohan https://x.com/WilliamCohan  Tyler Maroney https://x.com/tydamar  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠
• ROLLUP: $120 Oil vs New Highs | AI Boom Masks War | IPO Top Signal | DeFi Bailout 01.05.2026 59min

  Markets are ripping despite $120 oil and an escalating war. Ryan and David break down why the AI boom is drowning out macro risks, whether a wave of trillion-dollar IPOs could mark the top, and how DeFi just bailed itself out after its biggest hack ever. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | GET 20% OFF  https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo  --- TIMESTAMPS & RESOURCES 0:00 Intro 2:28 Oil War & $120 Oil Crisis https://x.com/pete_rizzo_/status/2049589290326212768 https://x.com/KobeissiLetter/status/2049713857728524691 https://x.com/KobeissiLetter/status/2049534394302394603 https://x.com/Rory_Johnston/status/2049834460233756744 https://x.com/KobeissiLetter/status/2048593172423495858 https://x.com/charliebilello/status/2049613424749838445 https://x.com/KobeissiLetter/status/2048461842540834913 https://x.com/biancoresearch/status/2049598646648181221 https://tether.io/news/tether-supports-freeze-of-more-than-344-million-in-usdt-in-coordination-with-ofac-and-u-s-law-enforcement/ https://x.com/AggrNews/status/2047711619304587602 https://x.com/SecScottBessent/status/2049281442451001711 16:46 Markets Rally vs Reality (AI Boom) or AI Bubble & IPO Top Signal https://x.com/KobeissiLetter/status/2049165243100827821 https://x.com/KobeissiLetter/status/2049149137292001672 https://x.com/NoLimitGains/status/2049213286311436597 https://x.com/shiri_shh/status/2049040515107270751 https://x.com/Shaughnessy119/status/2049228075766788402 https://x.com/IvayloPashov/status/2049475041113378909 https://x.com/realarmaansidhu/status/2047080574737592798 27:22 Fed, Powell, Rising Inflation, Bitcoin Narrative & National Security https://x.com/EdwardLawrence/status/2049583458393980995 https://x.com/firsttohearit/status/2049574617665c114570  https://x.com/KobeissiLetter/status/2049551229349511663 https://www.cnbc.com/2026/04/29/jerome-powell-says-he-will-continue-to-serve-as-a-fed-governor-even-after-chairmanship-ends-.html https://x.com/KobeissiLetter/status/2049609008399503750 https://x.com/pete_rizzo_/status/2049589290326212768 https://x.com/TFTC21/status/2049135996654981459  36:59 MegaETH Launch https://x.com/megaeth/status/2047352341473505435 https://cryptobriefing.com/megaeth-token-generation-event-set-for-april-30-2026/ https://x.com/bread_/status/2049870525779128345 https://dexscreener.com/megaeth/0x5fb29184c49546c13a14a3958f21e5759f0821f2 https://x.com/bubblemaps/status/2049874252153618436 https://www.youtube.com/watch?v=g4YI5u-hZJo 40:33 DeFi Bailout (KelpDAO → DeFi United) https://defiunited.world/ https://x.com/StaniKulechov/status/2047413237113868576 https://x.com/aave/status/2048189931856535887 https://x.com/CoinDesk/status/2049290843677151501 https://x.com/aave/status/2048958367658332413 https://x.com/jussy_world/status/2049534154488840259 48:30 Polymarket Insider Trading Case https://www.justice.gov/opa/pr/us-soldier-charged-using-classified-information-profit-prediction-market-bets https://www.bbc.com/news/articles/clyxd5wrr0wo https://www.wsls.com/news/national/2026/04/28/us-soldier-charged-with-using-intel-to-win-400k-on-maduro-raid-to-appear-in-court-in-nyc/ https://x.com/shayne_coplan/status/2047712706342326496 51:27 “Code Is Not a Crime” vs Reality https://cointelegraph.com/news/acting-ag-blanche-signals-doj-pivot-code-is-not-a-crime https://x.com/Cointelegraph/status/2048834708088267256  https://www.therage.co/blanche-vegas/ https://x.com/valkenburgh/status/2048846522347884669 https://x.com/rstormsf/status/2049157683916464278 55:45 Stablecoins Go Mainstream (Visa + Meta) https://investor.visa.com/news/news-details/2026/Visa-Accelerates-Stablecoin-Momentum-Adding-Five-Blockchains-for-Settlement/default.aspx https://www.coindesk.com/business/2026/04/29/tech-giant-meta-starts-paying-some-creators-in-stablecoin-with-stripe-s-support https://x.com/dwr/status/2049551855991308387 58:50 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• MegaETH Token Launch with Co-Founders Shuyao and Lei 30.04.2026 1h 14min

  $MEGA token is live, but the bigger story is what the launch says about the future of L2s. Co-Founders Shuyao and Lei join Bankless to unpack why MegaETH tied its TGE to app milestones, why USDM and proximity markets could become core revenue streams, and how the team is thinking about appchains, AI agents, security, and Stage 2 decentralization. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | YIELD + CREDIT LINE https://bankless.cc/nexo --- TIMESTAMPS 0:00 MegaETH Reaches TGE: KPIs and Milestones 3:10 The 10 Apps That Unlocked Launch 8:12 Composability for New Crypto Apps 11:22 World Markets as MegaETH’s Liquidity Hub 14:13 USDM and the First Revenue Stream 15:59 Co-Location, Low Latency, and Proximity Markets 19:40 Proximity Markets vs. MEV 22:13 Revenue and Token Value Accrual 25:15 Ethereum Decentralization as a KPI 27:40 Token Unlocks and Launch Supply 30:31 Terminal, Incentives, and Flux 32:28 MegaETH vs. Appchains 38:31 Could MegaETH Support Polymarket Scale? 41:12 AI Agents on a Fast, Cheap Chain 47:23 KelpDAO, Arbitrum, and L2 Decentralization 55:38 Life After TGE --- RESOURCES Shuyao Kong https://x.com/hotpot_dao Lai Yang https://x.com/yangl1996 --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• $200 Oil by June?—The Biggest Oil Shock in History | Rory Johnston on The Hormuz Crisis 29.04.2026 2h 9min

  Rory Johnston, the “oil quant,” joins us to explain why the Hormuz crisis could become the biggest oil shock in history. Oil markets are already screaming. Supply is trapped, inventories are being drained, and the market may still be underpricing the scale of the disruption.  If the Strait stays closed, Rory says the path to $200 oil is no longer crazy. It may be the next stop. This is oil, geopolitics, inflation, and markets all colliding at once. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🟦 COINBASE ONE | GET 20% OFF  https://bankless.cc/coinbase-one 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | YIELD + CREDIT LINE https://bankless.cc/nexo 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS ------ TIMESTAMPS 0:00 Intro 1:17 What is a Barrel of Oil? 7:04 How is Oil Transported? 8:24 Is Oil Fungible? 13:25 Oil Then Vs Now 17:10 Peak Oil? 24:59 Hydrocarbon World Distribution 29:32 What is Spare Capacity? 32:14 Inventories in the Buffer System 35:04 Oil Futures 38:59 Oil Curve 44:51 Economic Implications of Oil Markets 48:48 Straight of Hormuz 55:30 Future Oil Price Action 1:03:53 Steelmanning the Market Reaction 1:13:23 When will the Straight Open? 1:21:57 Is the USA Winning? 1:27:49 Pressuring Iran 1:31:48 Signals to Watch 1:33:36 Fast Forward to 2050 1:38:38 Closing & Disclaimers ------ RESOURCES Rory Johnston https://x.com/Rory_Johnston  Commodity Context https://www.commoditycontext.com/  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠
• Has Bitcoin Bottomed? Jordi Visser on AI, Inflation, and Moats 27.04.2026 1h 59min

  Has Bitcoin already bottomed, or are investors still looking at the wrong signals? Jordi Visser joins Bankless to argue that AI is destroying software moats, reshaping inflation, and pushing capital toward scarce assets, with Bitcoin at the center of that shift. We get into his “AI is the new QE” thesis, the scarcity-versus-abundance portfolio, why the S&P may struggle in an AI regime, what a more muted Bitcoin cycle looks like, and where he still sees upside across the rest of crypto. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | YIELD + CREDIT LINE https://bankless.cc/nexo 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS --- TIMESTAMPS 0:00 Intro 2:07 Jordi’s bold Bitcoin call 4:18 The AI endgame lands at Bitcoin 9:26 Bitcoin as the purest AI trade 12:49 SaaSpocalypse, quantum fear, and the private credit risk 20:49 AI is the new QE 26:55 Inflation, deflation, and the scarcity squeeze 34:28 What happens to stocks from here 44:24 Is AI a bubble? 48:17 The Bitcoin IPO and muted cycles 1:01:01 Has Bitcoin already bottomed? 1:09:03 The broken social pact 1:13:21 The rest of crypto, from ETH to stablecoins 1:17:29 Inside the scarcity portfolio 1:20:42 Jensen vs. Dwarkesh, China, and the chip war 1:27:42 Jordi’s AI stack and where to follow his work --- RESOURCES Jordi Visser https://x.com/jvisserlabs Jordi’s Substack https://substack.com/@visserlabs --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
• ROLLUP: $300M DeFi Hack Fallout | Arbitrum Freezes Funds | AI Deflation Debate | Productive ETH 24.04.2026 1h 30min

  Markets are hitting new highs, but crypto just took a major hit. Ryan and David break down the $300M KelpDAO exploit and why it exposed deeper flaws across DeFi and Layer 2s, including Arbitrum’s controversial decision to freeze funds. They also explore whether AI will drive deflation or inequality, unpack a new bullish ETH thesis, and debate why the biggest risks in crypto may be building beneath the surface. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download  🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix  🧭OKX | TRADE, EARN, PAY https://bankless.cc/OKX 💰NEXO | YIELD + CREDIT LINE https://bankless.cc/nexo 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS & RESOURCES 0:00 Intro 1:57 Markets Still Bullish? https://x.com/EricBalchunas/status/2047282771664453641 https://thewolfden.substack.com/p/strategy-owns-more-btc-than-blackrock https://x.com/SecScottBessent/status/2046703137541837285 https://polymarket.com/event/us-x-iran-permanent-peace-deal-by/?via=bankless? https://x.com/danielisdizzy/status/2047037188500554010  https://x.com/MikeZaccardi/status/2045855067710914995 https://polymarket.com/event/kevin-warsh-confirmed-as-fed-chair-by-may-15/?via=bankless? https://polymarket.com/event/fed-rate-cut-by-629/?via=bankless? https://x.com/ylecun/status/2045610129119117574 https://x.com/pdmsero/status/2046943519101661561 https://x.com/KobeissiLetter/status/2045675498529808886 https://x.com/KobeissiLetter/status/2046071375446606125 27:32 KelpDAO $300M Exploit & DeFi Fallout https://www.galaxy.com/insights/research/kelpdao-layerzero-exploit-defi https://defillama.com/protocol/aave-v3 https://x.com/LayerZero_Core/status/2046081551574983137 https://x.com/0xdoug/status/2045988844718453186 https://x.com/arbitrum/status/2046435443680346189 http://l2beat.com/scaling/projects/arbitrum https://x.com/TheCryptoNexus/status/2046569510442787209 https://x.com/0xfluid/status/2046971208550486244 https://www.coingecko.com/en/coins/spark https://www.coingecko.com/en/coins/aave 50:26 Productive Money ETH Thesis https://thewolfden.substack.com/p/the-250k-eth-thesis-sounds-great 55:28 Prediction Markets & Perps Expansion & Tether $344M Freeze https://x.com/polymarket/status/2046653304810156283/?via=bankless? https://polymarket.com/perps/?via=bankless? https://x.com/aaronjmars/status/2047017251270734309 https://polymarket.com/event/highest-temperature-in-paris-on-april-23-2026/?via=bankless? https://tether.io/news/tether-supports-freeze-of-more-than-344-million-in-usdt-in-coordination-with-ofac-and-u-s-law-enforcement 1:00:11 MegaETH & New Chain Activity https://x.com/bread_/status/2047336293462589788 https://app.hyperliquid.xyz/trade https://www.coingecko.com/en/coins/monad 1:01:52 Device-Level KYC / Surveillance State https://x.com/RyanSAdams/status/2044491861125996617 https://x.com/RyanSAdams/status/2045232433197695392 1:06:58 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures