Welcome to Bankless: where we explore the frontier of crypto money, tech and finance. Learn how to get started, get better, and front-run the opportunity.
Joined February 2020
- Tweets 22,823
- Following 195
- Followers 368,900
- Likes 20,472
8,876 Photos and videos
🟢 Out now for Bankless Premium subscribers
📅 Out on public feeds Monday, June 15
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.@ChairmanSelig of the @CFTC on blockchain technology...
“I expect to see this technology be used in a very broad way across our markets.”
Securities. Commodity derivatives. Prediction markets. Perpetuals. And whatever comes next.
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“Hester Peirce has been a light for when we needed it the most in the darkest of nights.” - @TrustlessState
After nearly 30 years in DC, Crypto Mom is moving to the beach.
While Gary Gensler was releasing office hours, Hester was releasing critical, principled, and courageous remarks.
“She’s always been the SEC’s biggest critic, which is why we love her the most.”
Thank you, Hester.
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“Tom Lee is the most important thing happening in the Ethereum ecosystem right now. It’s not even close.” -@RyanSAdams
He piled $18B into . He’s down $10B.
And just this past week, @fundstrat bought nearly another $250M.
@TrustlessState says one thing that could make him bullish again:
Ethereum’s L1 burn Tom Lee copying Saylor’s playbook
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Bankless retweeted
We took the fight to the podcast.
Full 20 min debate on the Ethereum not ETH fallacy.
Still friends.😉
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.
There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.
ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.
Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.
Better to admit Ethereum is a failed project than “Ethereum not ETH”.
So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.
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“The World Coin Cup.”
@Polymarket’s World Cup market is already insane.
- Spain: 17%
- France: 16%
- Portugal: 11%
- England: 11%
- Argentina: 9%
But the wild part? There’s $2 BILLION on this market.
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Thanks to our partners at Polymarket. Try today👇
polymarket.com/event/world-c…
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WEEKLY ROLLUP: The Bottom Signal Everyone Is Watching
bitcoin:native is back at Biden-era prices, ETFs are bleeding, and Saylor just did the thing he said never to do: sell. @RyanSAdams and @TrustlessState unpack whether crypto has one more drop left, what trillion-dollar IPOs reveal about broken capital markets, and why their ETH debate may be the real fight for Ethereum’s future.
[TIMESTAMPS]
0:00 Intro
3:07 Markets
- @aggrnews
- @WatcherGuru
- @zoomerfied
- @KobeissiLetter
30:11 IPO Season
36:29 Bankless Guys Are Fighting
- @steweycrypto
- @RyanSAdams
- @TrustlessState
- @Tommyb631
55:39 @Morpho Flips @aave
- @0xLouisT
58:04 ZEC Vulnerability & Jason Calacanis’ Crypto-to-AI Tweet
- @Jason
1:02:55 Hester Peirce Almost Out
- @hesterpeirce
1:06:03 World Cup Starts
1:07:26 Closing & Disclaimers
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.@ChairmanSelig of the @CFTC on blockchain technology...
“I expect to see this technology be used in a very broad way across our markets.”
Securities. Commodity derivatives. Prediction markets. Perpetuals. And whatever comes next.
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bankless.com/podcast/perps-a…
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"...I saw @HunterBiden is a big fan of that one..."
@CFTC's @ChairmanSelig, when asked what he thinks about Hyperliquid 👇
Jun 5
Hyperliquid
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🟢 Out now for Bankless Premium subscribers
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Bankless retweeted
Jun 10
NEW REPORT: Has BTC Entered the "Buy Zone?"
Has Bitcoin entered the buy zone, or is one final flush still ahead? @JustDeauIt and @RyanSAdams break down why bitcoin:native under $67K looks attractive for long-term buyers, what realized losses and top-buyer cohorts reveal about seller exhaustion, and how AI weakness, inflation, and rising odds of Fed hikes could shape the next major move.
[TIMESTAMPS]
0:00 Intro
1:39 False Bull Flag Revisited
5:32 Tracking Deep Value Signals
11:04 Strategy Fear & Unwind
18:09 Who Is Buying Bitcoin?
22:15 Signs of Seller Exhaustion
25:08 Bitcoin Leads the Nasdaq
26:33 AI Boom Or Bust
35:58 Macro Risks & Inflation
43:20 TDR Portfolio Strategy
48:50 Buying Bitcoin Under 67K
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Bankless retweeted
Jun 9
I asked CFTC Chainman Mike Selig what he thinks about Hyperliquid
@ChairmanSelig's response: "I heard Hunter Biden is a big fan of that one"
EARLY ACCESS: Perps Are Coming Onshore | CFTC Chairman Mike Selig
For years, crypto perps grew offshore. Now the CFTC says... we're bringing perps home
“We want the industry to survive, to thrive and to build here in the US.”
Unlock access to the episode with @ChairmanSelig of the @CFTC now 👇
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EARLY ACCESS: Perps Are Coming Onshore | CFTC Chairman Mike Selig
For years, crypto perps grew offshore. Now the CFTC says... we're bringing perps home
“We want the industry to survive, to thrive and to build here in the US.”
Unlock access to the episode with @ChairmanSelig of the @CFTC now 👇
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🟢 Out now for Bankless Premium subscribers
📅 Out on public feeds Monday, June 15
Sign up for Early Access & Ad-Free episodes👇
bankless.com/podcast/perps-a…
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INTERVIEW: Is $LIT Cheap? | Will Price & Flip
@TrustlessState sits down with @trevor_flipper and @will__price to unpack why @Lighter_xyz may be one of the most underpriced bets in the perps market.
They talk about:
- Whether $LIT is just a beta trade to $HYPE
- Why zero-fee trading changes Lighter’s distribution strategy
- The U.S. perps market that still hasn’t opened
- Lighter buybacks, revenue, and why the valuation may not reflect the opportunity
[TIMESTAMPS]
0:00 Intro
3:05 Why Lighter Is Different
5:32 ZK Rollup Advantages
6:46 Charging Traders, Not Retail
12:07 Fairness Without MEV
14:50 Why Hyperliquid Can’t Copy
18:03 Distribution Beyond Crypto
22:08 Latency & Flow Quality
26:50 Technical Edge Across the Stack
30:31 RWAs & Pre-IPO Markets
34:07 U.S. Perps Market Play
36:05 Back-End For Big Brokers
38:28 Bootstrapping Liquidity
41:54 Lighter As A Platform
46:34 Token Value & Buybacks
50:11 Market Cap Versus FDV
53:02 Valuing LIT Properly
57:51 Cracked Team & Better Comms
58:13 Joining The Lighter Community
58:51 What Comes Next
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🟢 Out tomorrow for Bankless Premium subscribers
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Sign up for Early Access & Ad-Free episodes👇
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Perps in the USA📈
Last week, the CFTC allowed the first true Bitcoin perpetual contract by a CFTC-registered exchange @Kalshi
Additionally @coinbase received a no-action letter, allowing them to connect US customers to offshore perpetual products
CFTC Chairman Mike Selig (@ChairmanSelig) returns to Bankless next week to answer:
What happens next?
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Bankless retweeted
Jun 8
Enjoyed this sit down with @TrustlessState and @JonShapeShift
We’re on a mission with @AskVenice to build a household consumer AI company rooted in privacy and differentiated with Minds.
The next stop is 100 million users.
INTERVIEW - @AskVenice Is Here to Win: How Private AI Takes On OpenAI and Anthropic
@TrustlessState sits down with @JonShapeShift and @jesseproudman to unpack how Venice is taking on OpenAI and Anthropic with private AI.
They talk about:
- why AI is becoming the biggest data honeypot ever
- private @grok access through Venice
- unrestricted AI as a consumer wedge
- how non-crypto users still feed the $VVV economy
- $DIEM, tokenized inference, and AI agents
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TIMESTAMPS
0:00 Intro
1:12 Why Private AI Matters
3:01 The AI Data Honeypot
6:07 Venice’s Consumer AI Ambition
8:01 Beating the Big AI Labs
10:19 Model Aggregation and Agentic Chat
12:29 Open Source, Closed Source, and Private Grok
17:14 Who Actually Needs Private AI?
21:58 Venice’s User Base
23:53 What Drove Venice’s Recent Growth
27:21 $VVV, $DIEM, and Tokenized Inference
29:00 Where Venice Gets Its Compute
32:17 Bonding Curves and DIEM Monetary Policy
39:14 Real Tokenomics, Not Just a Pie Chart
45:46 AI Agents Need Inference to Exist
52:54 ShapeShift DNA Inside Venice
55:53 Regulation, AI, and Individual Rights
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