ROLLUP: $3B ETH Whale | Roman Storm Verdict | Trump 401(k) Crypto Order
Bankless
Intro
This chapter examines the impact of a prominent ETH holder now owning nearly a million ETH, valued at around $3 billion. It discusses the broader implications on the cryptocurrency market and features engaging banter about investments and the role of ETH Treasury companies.
On this week’s Weekly Rollup, Ryan and David cover Tom Lee’s $3B ETH buying spree at 12x Michael Saylor’s pace, the race to become the top Ethereum treasury, and whether these companies are a buy or not. They also discuss the Roman Storm verdict, Trump’s surprise $8.7T 401(k) crypto order, and Arthur Hayes selling millions in ETH. Plus, Base’s 33-minute outage, the launch of Succinct’s ZK prover network, and the SEC declaring liquid staking tokens are not securities.
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TIMESTAMPS & RESOURCES
0:00 Intro
6:17 Markets
https://www.cbsnews.com/news/jobs-report-today-july-2025-economy-tariffs-trump-doge/
https://x.com/CryptoHayes/status/1951510939469292023
https://x.com/EricBalchunas/status/1952346941523701954
https://x.com/MitchellHODL/status/1948779978579214777
https://x.com/cburniske/status/1953240847669182937
13:05 Tom Lee becomes the largest crypto holder
https://x.com/WhaleInsider/status/1952386215975469242
https://www.tradingview.com/chart/1CDu50yK/?symbol=AMEX%3ABMNR
https://x.com/RyanSAdams/status/1952386046206890262
https://youtu.be/iClsnZ1KYSk?si=Ko99PtLiTCiJ_Q-O
https://x.com/fabdarice/status/1953110071493439604
https://www.strategicethreserve.xyz/
https://x.com/NateGeraci/status/1953272814422937941
https://blockworks.co/analytics/treasury-companies/market-data
https://www.theblock.co/post/365645/mei-pharma-litecoin-treasury-strategy-charlie-lee-gsr
25:31 Roman Storm’s case came to the end
https://x.com/SDNYnews/status/1953196594876301702
https://x.com/valkenburgh/status/1953149843565605015
https://x.com/katiebiber/status/1953235191893549123
https://x.com/jchervinsky/status/1953142247504908496
https://x.com/RyanSAdams/status/1953147290165641407
https://www.youtube.com/watch?v=zfKSKz3Kafk
36:10 Executive order - crypto in your 401k
https://watcher.guru/news/trump-to-sign-order-allowing-crypto-in-401k-retirement-plans
41:20 Base halted block production for half an hour
https://x.com/jessepollak/status/1952785312767459709
https://x.com/TrustlessState/status/1953129400087572524
45:22 Succinct Prover Network is live!
https://x.com/pumatheuma/status/1952836524808257580
https://www.coingecko.com/en/coins/succinct
49:00 SEC said LSTs are not securities
https://x.com/RebeccaRettig1/status/1952780309876867200
https://x.com/jespow/status/1952833684392034404
50:23 Metamask is about to launch its stablecoin
https://x.com/AggrNews/status/1952821245814182346
51:41 Barry Silbert returns to Grayscale as chairman
https://x.com/BarrySilbert/status/1952460252571468187
52:29 China said Worldcoin-style iris data collection are national security threat
https://www.theblock.co/post/365752/chinese-security-ministry-flags-iris-national-threat
https://x.com/BanklessHQ/status/1947265308416229745
55:43 Coinbase Ad was banned in the UK
https://x.com/brian_armstrong/status/1952152928044847477
https://www.theguardian.com/politics/2025/aug/04/george-osborne-uk-cryptocurrency-boom-left-behind
58:02 Closing & Disclaimers
58:11 Moment of Zen
https://x.com/coinbase/status/1950843893240496564
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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