Podcast
Bankless
Hosted by Bankless · EN
The Ultimate Guide to Crypto Finance. DeFi, NFTs, and cryptocurrencies. Level up. Go bankless.
250episodes
Episodes
Newest firstAll episodes
$ANSEM, Robinhood Chain, & Why SOL Still Beats ETH in 2026 | Mike Dudas
3d ago01:05:11Tap to summarizeMemecoins were supposed to be a dead end, but Mike Dudas believes their deeper idea is only beginning to spread. The 6MV investor joins David to unpack Bonk’s role in reviving Solana, Ansem’s latest experiment, Robinhood’s push into the trenches, and how games, collectibles, prediction markets, and compute could power consumer crypto’s next chapter. Mike also answers the $1 million ETH versus SOL question, lays out Ethereum’s best strategic response, and explains why crypto’s slower progress may be setting up a more durable cycle. Subscribe for more conversations from the frontier of crypto.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-pod🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartnerhttps://bankless.cc/bitkey✈️COINBASE ONE CARD | EARN 5% BACK IN BITCOINhttps://bankless.cc/coinbase-one-card📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless---TIMESTAMPS0:00 Bonk at Solana’s Bottom7:07 What Gives Memecoins Value?13:45 The Ansem Experiment20:53 Are Memecoins Built to Die?26:19 Culture Goes Onchain29:45 Robinhood, Base, and the Trenches32:59 Better Assets, Better Cycles36:20 What 6MV Is Betting On38:21 The Consumer Crypto Comeback43:37 Compute Becomes a Market47:57 Crypto’s AI Diaspora50:53 SOL Versus ETH57:02 Cycles, Equity, and Tokens1:01:34 Why Crypto Takes Longer---RESOURCESMike Dudashttps://x.com/mdudas---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Transcribe →
The Next Bull Market is Here, and Obvious | Spencer and Aleks, Blockchain Capital
5d ago01:11:33Summary readyCrypto prices are weak, OG sentiment is exhausted, and institutions are leaning in. Blockchain Capital GPs Aleks Larsen and Spencer Bogart join David Hoffman to explain why this disconnect may be the opportunity. They unpack crypto’s shift toward application-layer value, stablecoins as onchain working capital, tokenized equities, Aave V4, public blockchains, and BCAP. Is the cypherpunk dream fading, or becoming the foundation of global finance?---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-pod🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartnerhttps://bankless.cc/bitkey✈️COINBASE ONE CARD | EARN 5% BACK IN BITCOINhttps://bankless.cc/coinbase-one-card📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless---TIMESTAMPS0:00 Buybacks, Burns and Tokenholder Trust5:47 Why Blockchain Capital Is Doubling Down14:38 Institutions Arrive as Crypto OGs Lose Faith21:03 From Infrastructure Scarcity to Abundant Blockspace30:24 What AI Can Learn From Crypto38:43 Stablecoins Become Onchain Working Capital44:41 The Stablecoin Revenue Multiplier47:40 Aave and Open Financial Infrastructure55:08 The Roadmap for Tokenized Equities59:41 Public Chains, Ownership and Compliance1:04:24 Blockchain Capital’s Tokenized Fund1:09:03 Bringing BCAP Fully Onchain---RESOURCESSpencer Bogarthttps://x.com/CremeDeLaCryptoAleks Larsenhttps://x.com/alekslarsen---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
ROLLUP: Korea Gets Liquidated | The AI Trade Unwinds | Crypto Holds Firm | Warsh Holds Rates
1w ago00:54:09Summary readyKorea’s leveraged stock boom imploded and the AI trade found a forced seller, but crypto held firm. Ryan and David unpack whether the winds are shifting toward BTC and ETH, Warsh’s hawkish Fed debut, and Ethereum’s 11th birthday.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-pod📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 Intro0:17 Korea & AI Liquidationhttps://x.com/kobeissiletter/status/2082463897387257895https://x.com/KobeissiLetter/status/2082792020993536283https://www.noahpinion.blog/p/why-did-south-korean-stocks-justhttps://www.noahpinion.blog/p/the-ai-bust-scenario-that-no-onehttps://x.com/tbpn/status/2082849965102219677https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.htmlhttps://x.com/amitisinvesting/status/208286078424204940714:39 Crypto Holds Firmhttps://x.com/micro2macr0/status/2081868142230286664https://x.com/cryptunez/status/2081893515223535625https://x.com/blknoiz06/status/208256047595125178920:27 Warsh, Rates & Global Liquidityhttps://x.com/YahooFinance/status/2082538170533519741https://www.theblock.co/post/410092/fed-holds-rates-steady-three-officials-push-hike-crypto-market-stays-flathttps://thedefireport.io/research/can-the-economy-handle-rate-hikeshttps://x.com/AlexCorrino/status/2082667540090859698https://x.com/Barchart/status/2082683129681092931https://x.com/wallstengine/status/2082551083583541287https://capitalwars.substack.com/p/global-liquidity-and-cryptocurrencies36:47 Clarity Act Stallshttps://x.com/EleanorTerrett/status/2082127523249262881https://polymarket.com/event/clarity-act-signed-into-law-in-2026/clarity-act-signed-into-law-in-2026https://x.com/Cointelegraph/status/208219085733620548638:25 Ethereum Turns Elevenhttps://x.com/LefterisJP/status/2082771162942075080https://www.theblock.co/post/410083/ethereum-cypherpunk-manifesto-author-ethereum-foundation-fourth-board-memberhttps://x.com/ethereumfndn/status/2082437165233951223https://x.com/AyaMiyagotchi/status/208243787949448856644:35 Robinhood’s Mixed Quarterhttps://dune.com/entropy_advisors/robinhood-chain-network-overviewhttps://thedefiant.io/news/blockchains/robinhood-chain-tops-solana-in-tokenized-stock-volume-via-memecoin-pairs47:52 New York’s Doxxing Scandalhttps://x.com/haydenzadams/status/2081740559694074248https://nypost.com/2026/07/27/us-news/mamdani-names-all-nyc-property-owners-who-could-be-hit-with-new-pied-a-terre-tax53:26 July Wrap-Up---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
What's Next for Vaults? | Steakhouse Co-Founder, Adrian Cachinero
1w ago01:04:48Summary readyVaults could become the financial rails that bring trillions onchain, but only if they solve risk, regulation and investor protection. Steakhouse co-founder Adrian Cachinero joins David to explain how vaults work, why repo markets matter and where this new asset-management layer goes next.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-pod📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 Intro0:13 Vaults Explained2:27 Morpho and Vault Origins6:46 Vault Infrastructure Layers8:53 Curators and Control18:25 Risk Frameworks24:48 Risk Creep and Incentives32:51 Principal-Agent Tensions39:33 Safe Vaults Scale41:50 SEC and Regulation46:58 Two Vault Futures53:54 Distributors vs Curators59:21 AI Meets Vaults1:01:23 Growth and Challenges---RESOURCESAdrian Cachinerohttps://www.linkedin.com/in/adriancachineroSteakhouse Financialhttps://www.linkedin.com/company/steakhouse-financial/---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
Morpho Midnight: The Future of Fixed-Rate Lending | Paul Frambot
1w ago01:02:46Summary readyEvery lending protocol in DeFi quietly decides your interest rate for you. Paul Frambot thinks that was always a workaround and Morpho Midnight is his argument for what replaces it. Fixed-rate lending as the only true primitive, pricing trust on-chain, and the one switch Morpho won't flip yet.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-pod📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 What Is Morpho Midnight?1:59 DeFi's Wrong First Shape7:18 The Only Real Primitive14:47 Inside a Midnight Market20:49 Openness Is the Advantage22:52 Order Books and New Curves30:01 Pricing Trust35:40 Stablecoins and What's Next37:13 Who Comes On-Chain Next42:18 Collapsing the Margin44:50 The Bankless Connection47:57 How Big by 2027?51:59 Hester Peirce on Vaults55:49 Who Takes the Liability?---RESOURCESPaul Frambothttps://x.com/PaulFrambot---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
From Harvard at 18 to Building Crypto's Fastest Exchange | Vlad, Lighter
2w ago01:05:00Summary readyWhat does it take to build an exchange that refuses to choose between speed, cost, security, verifiability and composability? Lighter founder Vlad Novakovski joins David to trace his path from international Olympiads and Harvard at 18 to Citadel, early machine learning, Lunchclub and an 18-month ZK engineering bet.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-20📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDEhttps://app.okx.com/join/USBANKLESS🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 A Particular Set of Skills11:33 Harvard at 1819:03 Citadel and the Search for Alpha25:14 Machine Learning Before the AI Boom36:46 Finding Elite Talent Early41:39 The Lunchclub Matching Problem45:11 Pivoting Into Lighter51:18 The 18-Month ZK Engineering Bet56:38 Lighter’s Five Pillars1:00:04 A New Generation of Exchanges---RESOURCESVlad Novakovskihttps://x.com/vnovakovski---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
ROLLUP: Crypto’s 2-Week Deadline | The CLARITY Act | $100 Oil | OpenAI Model Escapes
2w ago01:03:45Summary readyRyan and David unpack the CLARITY Act’s last-minute lifeline, $100 oil, BitMine’s ETH slowdown, and the OpenAI model that escaped its sandbox.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔒NEAR | TRADE CONFIDENTIALLY, GET 20% BACKhttps://bankless.cc/near-podcast📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDEhttps://app.okx.com/join/USBANKLESS 🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 Intro0:33 CLARITY Act at a Crossroadshttps://x.com/EleanorTerrett/status/2079334038104408522https://x.com/EleanorTerrett/status/2079962528243650990https://x.com/coindesk/status/2079633633023836667https://x.com/EleanorTerrett/status/2079608362522575063https://x.com/politico/status/2080261045114065177https://polymarket.com/event/clarity-act-signed-into-law-in-2026/clarity-act-signed-into-law-in-202617:56 BitMine’s 5% ETH Strategyhttps://x.com/BitMNR/status/2079184988541448638https://x.com/ykkz99/status/2079607294354964696https://x.com/ykkz99/status/2079244980103659697https://x.com/coindesk/status/207920003504503616227:40 Hester Peirce Eyes DeFi Vaultshttps://x.com/HesterPeirce/status/2080011999702880341https://x.com/CJRobins01/status/2079976258423627785https://x.com/Bankless/status/2079536878588715366https://morpho.org/blog/now-live-morpho-midnight38:28 BitMEX’s End of an Erahttps://x.com/CryptoHayes/status/2080286601125482771https://x.com/BitMEX/status/208020160245630158044:36 NEAR Goes Post-Quantumhttps://bankless.cc/near-podcasthttps://x.com/NEARProtocol/status/207918951584382176448:58 TradFi Moves Deeper Into Cryptohttps://x.com/EricBalchunas/status/2077774644652790240https://x.com/JSeyff/status/2077792050573918432https://crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securitieshttps://x.com/mzorkin/status/207783455109147869554:07 OpenAI Model Breaks Outhttps://simonwillison.net/2026/Jul/22/openai-cyberattack/https://huggingface.co/blog/security-incident-july-2026https://openai.com/index/hugging-face-model-evaluation-security-incident/1:02:40 Closing & Disclaimers---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
Securitize Just Went Public — Are We Still Tokenizing the World?
2w ago00:46:36Summary readySecuritize has gone public, raised $400 million and tokenized its own equity, but Carlos Domingo says the real race is only beginning. He joins David to explain how Securitize makes money, why investor demand remains tokenization’s biggest bottleneck and what separates an actual onchain share from a synthetic stock wrapper.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔮POLYMARKET | #1 PREDICTION MARKEThttps://bankless.cc/polymarket-podcast📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 Going Public4:50 Demand Bottleneck10:19 Real vs Synthetic17:31 Liquidity Wins23:43 First Movers29:24 Trading SECZ39:47 Spot and Perps43:01 The $1T Goal---RESOURCESCarlos Domingohttps://x.com/carlosdomingoSecuritizehttps://securitize.io/---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
Rebuilding the $12T Repo Market on Bitcoin | Bitcoin Dave
3w ago00:58:51Summary readyBitcoin has won the store-of-value argument, but can it become the foundation of an entirely new credit system? David Seroy of Alpen Labs joins David Hoffman to explore why Bitcoin’s next era may be defined by digital credit, ZK rollups, fixed-duration lending, and an onchain repo market rather than payments alone.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🔮POLYMARKET | #1 PREDICTION MARKEThttps://bankless.cc/polymarket-podcast📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 Hyperbitcoinization3:51 Bitcoin’s Next Phase9:57 The Talent Crisis11:29 BitVM and ZK16:26 Bitcoin L2s19:06 Bitcoin Credit28:28 Onchain Repo34:09 The Yield Curve38:21 Borrowing and Risk43:24 Why L2s Failed48:29 Saylor vs Onchain54:51 Alpen and Strata56:36 Ethereum’s Purpose---RESOURCESAlpen Labshttps://www.alpenlabs.io/---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary
ROLLUP: Bull Market? | Inflation Cools, War Heats | Robinhood Flips Base | ETH’s Fee Problem
3w ago01:07:06Summary readyInflation cooled, war intensified, and crypto climbed anyway. Ryan and David ask if the bottom is in, unpack Robinhood Chain’s surge past Base, and debate who benefits from Ethereum’s L2 boom.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:📊BITGET | TOKENIZED STOCKS 2.0https://bankless.cc/bitget-stocks 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDEhttps://app.okx.com/join/USBANKLESS 🎯THE DEFI REPORT | ONCHAIN INSIGHTShttps://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium---TIMESTAMPS0:00 Intro0:29 Cycle Bottom Watchhttps://x.com/TrustlessState/status/2077774313726304659https://x.com/goodalexander/status/2077031311664197738https://x.com/brian_armstrong/status/20768576380597207365:24 Inflation Cools, War Heatshttps://x.com/kobeissiletter/status/2077008212994253025https://x.com/geiger_capital/status/207701147758045198314:56 Crypto Outperforms Stockshttps://x.com/saylor/status/2076638696053276748https://x.com/TrustlessState/status/2076647130572235017https://x.com/TrustlessState/status/207719711920775609822:34 Robinhood Chain Breaks Outhttps://x.com/donnoh_eth/status/2075890751834071189https://dune.com/entropy_advisors/robinhood-chain-network-overviewhttps://www.coindesk.com/business/2026/07/15/the-launchpad-that-fueled-robinhood-chain-s-memecoin-boom-just-gave-away-all-its-revenuehttps://dune.com/adam_tehc/the-robinhood-trenches29:31 Base Pivots to Tradinghttps://x.com/jessepollak/status/2077427261586997745https://x.com/jessepollak/status/2077550728416256489https://x.com/austincampbell/status/207754530578906739836:15 Does ETH Earn Enough?https://x.com/vladtenev/status/2076666114801877310https://x.com/LorenzoARK/status/2076792007184298076https://x.com/apolynya/status/2077301418860466487https://x.com/TrustlessState/status/2077400104458154428https://x.com/ethereumJoseph/status/207683839851021112247:29 L2s and Rent Sharinghttps://x.com/sgoldfed/status/2077082053330272454https://x.com/l2beat/status/2077764769436553272https://l2beat.com/native-rollups56:20 Ethereum Spinoffs Multiplyhttps://x.com/eth_systems/status/2077000602320805918https://x.com/fradamt/status/207773953152092162158:49 DeFi Hacks May Be Peakinghttps://x.com/hosseeb/status/2076682247168827849https://x.com/maraoz/status/20594134512654419901:01:44 Buy-and-Burn Winshttps://x.com/TrustlessState/status/2077186630566224208https://x.com/blknoiz06/status/20777735540330375091:06:29 Closing & Disclaimers---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures
Summary