ROLLUP: Rate Cuts! | ZK Breakthroughs | Farcaster’s Pivot | SEC Onchain | NYT’s Stablecoin FUD
Bankless
Sentiment Shift: Skeptics Turning Bullish on Ethereum
David and Ryan explore why former ETH skeptics now praise Ethereum's roadmap and network effects.
The final Fed meeting of 2025 delivered a surprise rate cut, but the real story is how the market is reacting. In this week’s Weekly Rollup, Ryan and David unpack what the new policy shift means for crypto liquidity, why regulators across the SEC, CFTC, and OCC are suddenly embracing onchain markets, and how Tom Lee’s massive ETH accumulation is reshaping sentiment.
We also get into Ethereum’s growing momentum from ZK advancements and blob upgrades, the ZKsync Atlas rollout, Base’s bridge drama with Solana, and Farcaster’s pivot away from social. Plus, the rise of tokenization, new prediction market rails, and whether this week marks the first real cycle turn for Ethereum.
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TIMESTAMPS & RESOURCES
0:00 Intro
5:01 Markets
https://x.com/EricBalchunas/status/1998424357232922883
https://x.com/RyanWatkins_/status/1998529576331522334
https://x.com/MikeIppolito_/status/1998495400869900626
https://www.cnbc.com/2025/12/10/fed-interest-rate-decision-december-2025-.html
https://x.com/jameslavish/status/1998835306800505140
https://x.com/KobeissiLetter/status/1998407015756964343
https://x.com/JustDeauIt/status/1998905919577452765
24:52 Farcaster is pivoting to a wallet
https://farcaster.xyz/dwr/0xd29fe760
https://x.com/DefiIgnas/status/1997915182073626802
https://x.com/eth_call/status/1998406182092906534
http://x.com/nic_carter/status/1998813611997745386
https://x.com/TrustlessState/status/1999134280757235767
37:11 ZK … early stage of unleashing Ethereum’s vision
https://x.com/zksync/status/1996678308214264145
https://x.com/zksync/status/1996678311997853752
https://x.com/StaniKulechov/status/1996990055043223659
https://x.com/zksync/status/1998405700637356056
https://x.com/Celo/status/1998780366988128562
47:06 Did Base launch a vampire attack on Solana’s liquidity?
https://x.com/jessepollak/status/1996750308933091359
https://x.com/vibhu/status/1996698682545107247
https://x.com/0xyoussea/status/1997763313909092415
https://x.com/solana/status/1999035191323759024
52:30 Ethereum's first Blob Parameter Only (BPO) fork is now live on the network
https://x.com/i/status/1998936032314523977
https://dune.com/hildobby/blobs
56:17 Regulators are doing a complete 180
https://x.com/OndoFinance/status/1998015670278148283
https://x.com/coinbureau/status/1997128653650657338
https://x.com/joechalom/status/1998421401049710686
https://x.com/WatcherGuru/status/1998379541132402987
https://www.fdic.gov/news/inactive-financial-institution-letters/2023/fil23001.html
https://x.com/USComptroller/status/1998793576663187561
https://www.whitehouse.gov/presidential-actions/2025/08/guaranteeing-fair-banking-for-all-americans/
https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-123a.pdf
1:05:03 The New York Times put out an anti-stablecoin explainer piece
https://x.com/0xDeployer/status/1997754736158900440
https://x.com/nic_carter/status/1997866686439928004
1:06:50 Gemini can now offer prediction markets in the US - Stock Surges Nearly 14%
https://x.com/gemini/status/1998880024401973615
https://x.com/gondorfi/status/1998754620416344483
https://gondor.fi/
1:07:49 Meme of the Week
https://x.com/Bankless/status/1998064876892442788
1:09:36 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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