Bankless ROLLUP: ETH ATH! | U.S. Gov Onchain GDP | Google’s L1 | Hyperliquid Prints | EU Digital Euro?
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Aug 29, 2025 
Haseeb Qureshi, Managing Partner at Dragonfly Capital and crypto investment expert, joins the hosts for a lively discussion. They debate Ethereum's new all-time high and its implications for the market. Haseeb shares insights on the rotation from Bitcoin to ETH, as well as the significance of Hyperliquid outpacing Robinhood. The conversation also touches on Google's upcoming Layer 1 blockchain, and the EU's exploration of a digital euro, revealing major shifts in the cryptocurrency landscape and regulatory attitudes.
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Fed Speech Fueled Risk-On Rally
- Powell's speech shifted markets because it raised the probability of Fed rate cuts, spurring risk-on flows.
- Haseeb links ETH's all-time high partly to that macro relief plus ETF and DAT flows.
ETH's New High Is Narrative-Driven
- ETH reached a multi-year dollar all-time high driven by liquidity and narrative momentum.
- Haseeb says Tom Lee and DATs materially rebranded ETH and accelerated inflows.
Rotation Narratives Become Self-Fulfilling
- Large whales appear to rotate capital from BTC into ETH, often creating self-fulfilling momentum cycles.
- Haseeb argues cycle narratives prime traders and can make rotations happen.