Advancements and Vulnerabilities in Crypto Infrastructure

This week, Ryan and David unpack Bitcoin’s explosive run to $111K and the macro chaos driving it—specifically, the U.S. Treasury’s failed bond auction and what it signals for the dollar. They break down the Senate’s landmark stablecoin bill (and Elizabeth Warren’s meltdown), Ethereum’s ZK miracle that could 100x Layer 1 throughput, and Texas launching its own state Bitcoin reserve. Plus, why Stanley Druckenmiller’s portfolio strategy might justify going all-in on crypto—and whether alt season is finally on the horizon.

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TIMESTAMPS & RESOURCES

0:00 Intro

0:31 Stanley Druckenmiller
https://x.com/mrexits/status/1925354907382816880

3:40 Markets
https://x.com/glassnode/status/1925225568817099260
https://x.com/btc_archive/status/1925468871449866309
https://x.com/WatcherGuru/status/1925401414659867102
https://x.com/Cointelegraph/status/1924676563582267643
https://x.com/CryptoRank_io/status/1923875599275143300
https://x.com/cburniske/status/1925482199727710648
https://www.reuters.com/business/tepid-demand-us-treasury-auction-shows-investor-jitters-about-tax-bill-deficit-2025-05-21/

20:42 U.S. About to Pass a Landmark Stablecoin Bill?
https://x.com/SenatorHagerty/status/1924933844001521787
https://x.com/eleanorterrett/status/1924504745689153812
https://x.com/WayneVaughan/status/1924660740847222832
https://x.com/intangiblecoins/status/1925247754969797007
https://x.com/cburniske/status/1924705825723187343
https://x.com/CampbellJAustin/status/1925170860140249445

33:48 ETHEREUM IS SAVED. Bet it all on zk! Real-time proving is coming to Ethereum!
https://x.com/drakefjustin/status/1924929057676001466
https://x.com/VitalikButerin/status/1925050155922862526
https://x.com/pumatheuma/status/1925231968117277066
https://x.com/SuccinctLabs/status/1924523978703740963

45:26 Solana’s next leap: the proposed “Alpenglow” consensus
https://x.com/Austin_Federa/status/1924498049482559677
https://www.anza.xyz/
https://x.com/gttyson/status/1924519192101061035

47:57 FIGHT FOR RWAS
https://x.com/TrustlessState/status/1925577606163829203
https://blog.kraken.com/news/tokenized-equities-coming-soon

48:58 BIG Sui Dex hacked
https://x.com/Cointelegraph/status/1925509145366503486
https://x.com/SuiNetwork/status/1925572334054002774
https://www.coingecko.com/en/coins/sui

52:13 SKY became the sole governance token of the Sky
https://x.com/SkyEcosystem/status/1924515700564988354
https://upgrademkrtosky.com

53:54 Bitcoin community might rename sats to bitcoins
https://x.com/jack/status/1924121538485178658

57:16 Texas Strategic Bitcoin Reserve bill officially passed - TEXAS loves crypto
https://x.com/BitcoinMagazine/status/1925239389141049353
https://bitcoinlaws.io/tx

58:24 Galaxy was listed on Nasdaq - $7 billion
https://x.com/galaxyhq/status/1923411961754108177

59:11 Hester Peirce’s “New Paradigm” speech (SEC Speaks, 19 May 2025)
https://www.sec.gov/newsroom/speeches-statements/peirce-remarks-sec-speaks-051925
https://x.com/RyanSAdams/status/1924539029346828608
-https://www.coindesk.com/policy/2025/05/20/sec-charges-unicoin-top-executives-with-100m-massive-securities-fraud

1:01:39 DOJ is investigating Coinbase data breach & Circle Rumors?
https://cointelegraph.com/news/justice-department-coinbase-data-breach
https://www.coindesk.com/business/2025/05/20/circle-has-explored-potential-5b-sale-to-coinbase-or-ripple-instead-of-ipo-report

1:04:00 Closing & Disclaimers

1:04:26 Moment of Zen
https://x.com/mrexits/status/1925354907382816880

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