Intro

📣 BANKESS x FRAX MEETUP | Permissionless 2025
https://lu.ma/uf9mmcoa

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This week, Ryan and David break down Ethereum’s explosive 50% surge and the surprising macro catalyst behind it: a U.S.–China tariff deal that has markets ripping. They cover Coinbase’s massive customer data leak (and Brian Armstrong’s $20M bounty response), Robinhood’s stealthy Layer 2 acquisition, and the rise of meme coins funding real apps. Plus, why Arthur Hayes thinks the bull market is just beginning.

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BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🌐SELF | PROVE YOUR SELF
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🟠HEMI | BTC & ETH, ONE NETWORK
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TIMESTAMPS & RESOURCES

0:00 Intro

0:06 “Who is laughing now?” statement from NYC Mayor
https://x.com/WatcherGuru/status/1922036267685908761

3:47 Prices, Uniswap, & Aave
https://x.com/jbrukh/status/1922315929578299580
https://dune.com/mud2monarch/countdown-to-three-trillion-united-states-dollars
https://x.com/StaniKulechov/status/1921478583337312339
https://x.com/RyanSAdams/status/1921925615923388864
https://l2beat.com/scaling/summary

14:10 Tariff Truce - US and China agree to slash tariffs for 90 days - We’re Saved!!!
https://www.cnbc.com/2025/05/12/us-and-china-agree-to-slash-tariffs-for-90-days.html
https://x.com/biancoresearch/status/1921927955573264802
https://polymarket.com/event/us-recession-in-2025
https://cryptohayes.substack.com/p/fatty-fatty-boom-boom

28:40 Bad Coinbase news first - Coinbase MAJOR customer data leak
Coinbase $20m award leading to the arrest of hackers
https://x.com/brian_armstrong/status/1922967787309256807
https://x.com/coinbase/status/1922967576209998133
https://x.com/0xBreadguy/status/1923006791031587248
https://x.com/adamscochran/status/1923018728800686532
https://x.com/lemiscate/status/1922984240318193934

35:48 Coinbase becomes the first crypto company in S&P500
https://x.com/iamdcinvestor/status/1922068706084970750
https://x.com/cbfutures/status/1920850444093448225
https://www.tradingview.com/symbols/NASDAQ-COIN/

37:28 Internet Capital Markets Meta
https://www.jellyjelly.com/
https://dexscreener.com/solana/3bc2e2rxcfvf9op22lvbansvwos2t98q6ercroayqydq
https://x.com/gabrielhaines/status/1922293923420000346
https://www.believescreener.com/
https://x.com/believeapp/status/1922780481684148519
https://x.com/alex_leiman/status/1922075531966550488
https://x.com/msg/status/1922708357686743551
https://x.com/pasternak/status/1922493500504867290
https://dune.com/adam_tehc/memecoin-wars
https://x.com/WazzCrypto/status/1922826087467204636
https://x.com/TrustlessState/status/1922635525992644770
https://x.com/pumpdotfun/status/1921941742854512924?
https://x.com/RyanSAdams/status/1922006135520764094

50:29 Robinhood will acquire Kevin O’Leary-Backed WonderFi - Leads to ETH L2.
https://x.com/RobinhoodApp/status/1922245928691421671
https://www.wonder.fi

52:12 CryptoPunks have a new owner!
https://x.com/cryptopunksnfts/status/1922291088431448396
https://x.com/econoar/status/1922339944774664660
https://www.coingecko.com/en/nft

53:46 Is the SEC becoming awesome now? pro-capital, pro-crypto SEC
Paul Atkins said that his priority is to develop new rules for crypto tokens
https://x.com/WatcherGuru/status/1921977322871140360
https://x.com/SECGov/status/1922001045087027349
https://x.com/RyanSAdams/status/1920585655039529220
https://www.sec.gov/files/ctf-memo-blackrock-05092025.pdf

58:42 Superstate is launching Opening Bell platform with their first client!
https://x.com/superstatefunds/status/1920479311728869826

1:00:01 JD Vance will speak at Bitcoin 2025
https://bitcoinmagazine.com/politics/u-s-vice-president-jd-vance-to-speak-at-bitcoin-2025-confer

1:00:32 Meta is exploring stabecoins again!
https://x.com/degeneratenews/status/1920557131201122806

1:01:59 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures