ROLLUP: Trump's Massive Memecoin | Ethereum Ecosystem Drama | Ross Ulbricht Freed | Phantom Wallet Worth $3B?
In this week’s Bankless Weekly Rollup, David is joined by Eric Conner to unpack a whirlwind week in crypto. Highlights include Trump’s explosive entry back into the Oval Office, launching a $50B memecoin on Solana, a full pardon for Ross Ulbricht, and pro-crypto cabinet appointments. Meanwhile, the Ethereum Foundation faces internal drama as Vitalik declares “wartime mode” amidst leadership restructuring. We also dive into Solana’s soaring ecosystem, BlackRock’s massive Bitcoin buys, and the SEC’s shakeup with new pro-crypto initiatives. It’s a week of big moves, bigger drama, and major market shifts!
------ 📣 0x | Start building with 0x v2 https://bankless.cc/0x
------ BANKLESS SPONSOR TOOLS:
🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax
🦄UNISWAP | BUG BOUNTY PROGRAM https://bankless.cc/Uniswap-Bug-Bounty
⚖️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
----- ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/21?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------ TIMESTAMPS & RESOURCES
00:00:00 Intro
00:02:30 Markets https://farside.co.uk/?p=1518 https://blog.coinshares.com/volume-217-digital-asset-fund-flows-weekly-report-02c0bf3c093d https://youtu.be/nWPRFNVs6XY?si=YEOfBSUlqGmNJD7B
00:06:08 ETF Flows https://farside.co.uk/?p=1518 https://blog.coinshares.com/volume-217-digital-asset-fund-flows-weekly-report-02c0bf3c093d
00:11:19 Trump Memecoin https://x.com/realdonaldtrump/status/1880446012168249386
00:14:10 Melania Token https://x.com/MELANIATRUMP/status/1881087523847593995
00:20:53 World Liberty Financial Bids https://x.com/worldlibertyfi/status/1881457386671464804
00:26:06 Ross Ulbricht Freed https://x.com/WatcherGuru/status/1881932492170760674
00:31:08 Politics and Agencies https://x.com/DegenerateNews/status/1881760858508062898 https://www.sec.gov/newsroom/speeches-statements/departure-gensler-012025
00:35:53 Brian Armstrong Expectations https://x.com/AltcoinDailyio/status/1880348843772113061
00:40:15 Trump Effect Kicking In https://x.com/BitcoinMagazine/status/1880299698038493400 https://x.com/Cointelegraph/status/1881688751602286740
00:47:35 What’s Going On In The EF? https://x.com/vitalikbuterin/status/1880635379771904423 https://x.com/VitalikButerin/status/1880723497393201460
00:56:19 EF Leadership Drama https://x.com/dannyryan/status/1879705279761178690 https://x.com/VitalikButerin/status/1881680518934384676
01:06:37 SEC Charges Digital Currency Group https://x.com/tier10k/status/1880299710495486365
01:07:25 Circle Introduces USDC Paymaster https://x.com/circle/status/1882428077537386502
01:07:41 Phantom Raised $150M Series C https://x.com/phantom/status/1880018917068009527
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Bear Market War Stories with DCinvestor & Eric Conner
On this episode of Bankless, we welcome back DCinvestor and Eric Conner to share their multicycle bear market war stories. But that’s not all!
They also unpack why they keep on deciding to stay every cycle, what’s different about this cycle vs. previous cycles, the role leverage and macro conditions have played, and their hard-hitting, gigabrain advice for first-time cyclers and multicyclers alike.
Survive and advance, anon. We’re going to make it.
------ 📣 NOTIONAL | Real DeFi Yield https://bankless.cc/Notional
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ROCKET POOL | STAKE YOUR ETH https://bankless.cc/RocketPool
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido
🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger
------ Topics Covered:
0:00 Intro 4:03 Being a Multicycle Vet 11:31 Market Phases 19:12 Credit to Staying 26:03 High Conviction High Loss 32:37 Regulator Fear 41:31 Lessons From This Cycle 49:00 Leverage 56:34 Macro Conditions 1:30:50 The Merge vs. Macro 1:09:00 Advice for Newcomers
------ Resources:
DCinvestor https://twitter.com/iamDCinvestor
Eric Conner https://twitter.com/econoar
Devil Take the Hindmost: A History of Financial Speculation https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Anthony Sassano & Eric Conner | Luna Demise, Bear Survival, Bullish ETH Merge
Anthony, Eric, and David dive into the downfall of Luna, takeaways from this week, bear market survival, and why they're bullish on the ETH merge.
------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO
🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
------ Resources:
Anthony Sassano https://twitter.com/sassal0x https://twitter.com/thedailygwei https://www.youtube.com/c/TheDailyGwei
Eric Conner https://twitter.com/econoar https://podcast.ethhub.io/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
NFT Marketplace Wars | Panel
With OpenSea hinting at a potential IPO in the future and LooksRare swooping in with a vampire sneak attack, it's clear that the war for top NFT Marketplace is starting to heat up. Who will come out on top?
Here to discuss this 4D chess match are some of the space's most influential thought leaders and returning guests: Eric Conner, Co-founder @ethhub_io, DC Investor, advisor and investor, Zeneca_33, investor and content creator, & Carly Reilly, host of Overpriced JPEGs.
------ 📣 ALTO IRA | THE CRYPTO RETIREMENT ACCOUNT https://bankless.cc/AltoIRA
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
👀 POLYGON | LAYER 2 DEFI https://bankless.cc/Polygon
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask
💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger
🧙♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix
🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants
------ Topics:
0:00 - Intro 8:51 - Why humans trade JPEGs 13:31 - Non-OpenSea marketplace standouts 19:15 - What’s working/needs to be improved 26:26 - Social integration & plug-ins 31:26 - Fraud/spam prevention 38:06 - Socialization/financialization of everything 42:55 - NFTs on L2s & L1’s future 49:49 - Bullish NFT alpha 55:07 - The NFT x ETH correlation? 59:08 - Short-term vs. Long-term pumps…crash?
------ Resources:
Eric Conner's Twitter: https://twitter.com/econoar
DC Investor's Twitter: https://twitter.com/iamDCinvestor
Zeneca_33's Twitter: https://twitter.com/Zeneca_33
Carly Reilly's Twitter: https://twitter.com/carlypreilly
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Layer Zero | Eric Conner
Eric Conner joins the second episode of Layer Zero. Eric is the co-founder of EthHub along with Anthony Sassano, and is a recurring Bankless guest as well as a crypto twitter staple.
From the early days of Ethereum to golf and Porsches, David and Eric discuss things at large — what does Ethereum have left to prove? How do you manage Ethereum Brain? What will the next generation of crypto natives look like?
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge ------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha
🔐 LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger
🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants
------ 📣 TracerDAO | Building DeFi Infrastructure. Join the Discord! https://bankless.cc/TracerDAO ------
Topics Covered:
0:00 Intro 0:00 Intro 4:00 Eric Conner & Podcasting 7:00 Early Liquidity 15:53 Regulators Protecting Investors 25:28 Finance Background 31:12 Integrating Digital Finance 38:58 Bitcoin and Maximalism 46:27 Punks vs BTC 51:00 Ethereum Brain 56:18 The Space Never Sleeps 1:01:30 Marrying Ethereum 1:05:36 Golf 1:06:44 Porsche & Electric Cars 1:10:40 Governance Tokens 1:19:19 Closing & Disclaimers
------ Resources:
Eric on Twitter https://twitter.com/econoar?s=20 EthHub https://ethhub.io/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
44 - The Bull Case for Ethereum | Eric Conner, Anthony Sassano, DC Investor
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ -----GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTOhttps://bankless.cc/ledger
🚀 ZERION - INVEST IN DEFI FROM ONE PLACEhttps://bankless.cc/zerion
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDShttps://bankless.cc/monolith
🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn
------44 - The Bull Case for Ethereum
Guests: Eric Conner, Anthony Sassano, DC Investor
These three gentlemen are close to the beating heart of the Ethereum universe. They all pay attention to undercurrents of what is transpiring in Ethereum.
What are the factors that contribute to bullishness on the Ethereum economy and ETH the asset?
We ask our guests how they characterize the relationship between Ethereum and ETH, the interaction between scaling Ethereum and EIP1559, as well as the potential for NFTs. All, of course, underpinned by DeFi applications making the magic happen.
Tune in to hear the bull case for Ethereum from good representatives from the Ethereum community------Don't stop at the video!
Subscribe to the Bankless newsletter programhttp://bankless.substack.com/
Visit the official Bankless website for resourceshttp://banklesshq.com/
Follow Bankless on Twitterhttps://twitter.com/BanklessHQ
Follow Ryan on Twitterhttps://twitter.com/ryansadams
Follow David on Twitterhttps://twitter.com/TrustlessState -----Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case
SotN#23: Crescendoing! w/ Eric Conner (Community Culture, & Staking, War Effort, Propaganda)
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/
-----
📢 DEFI BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT
http://bankless.cc/filecoinapply
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTOhttps://bankless.cc/ledger-20
🚀 ZERION - INVEST IN DEFI FROM ONE PLACE (download it now!)
https://bankless.cc/zerion
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://bankless.cc/monolith
🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU
http://bankless.cc/yearn
------
Eric Conner, co-Host of the EthHub Podcast, Formerly Product at Gnosis, and Ethereum’s Unofficial Community Manager
We ask Eric, does he accept the title of 'Unofficial Community Manager'?
Eric has called the the 2018-19 Bear Market period as ‘the time that User, Investors, and Builders of Ethereum all came together’
- Why is this important?- What was the Ethereum community like in 2015-17? - How has the Ethereum community developed, changed, matured over time?
Did Eric ever have doubts that we would ever get to this point?
Then, Eric and David discuss the merits of a 'patriotic duty to Stake ETH'
- Is it someone's patriotic duty to stake? - Or is ETH staking just another yield-farm?- How does the role of feeling politically aligned play in Staking ETH?
Finally, we turn to the Bull Case for Ethereum
- What is Eric's perceived 'win-condition' for Ethereum?
Tune into the video!
https://youtu.be/BtPOpRzx6NQ
------
Don't stop at the video!
Subscribe to the Bankless newsletter program
http://bankless.substack.com/
Visit the official Bankless website for resources
http://banklesshq.com/
Follow Bankless on Twitter
https://twitter.com/BanklessHQ
Follow Ryan on Twitter
https://twitter.com/ryansadams
Follow David on Twitter
https://twitter.com/TrustlessState
Follow DeFi Dad on Twitter
https://twitter.com/DeFi_Dad
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.