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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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
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Ethereum is Digital Oil: The Bull Case for ETH with Vivek & Danny Ryan from Etherealize
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
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ROUNDTABLE: Crypto's IPO Era | HYPE vs. SOL vs. PUMP | Jon & Bread
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
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How Should ETH Be Valued? | Ryan Berckmans vs. Jon Charbonneau
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
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Is Joe Lubin the Michael Saylor of Ethereum? | The $SBET Opportunity
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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🟠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
España