Bankless ROLLUP: Markets Down | Tether $500B Raise | South Park x Polymarket | Gensler Grilled
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Sep 26, 2025 The podcast dives into the recent downturn in Bitcoin and Ethereum markets. Vitalik Buterin's bullish stance on low-risk DeFi as the backbone of Ethereum is explored. Tether's ambitious plan to raise $500 billion is highlighted, alongside its expansion into AI and energy. South Park features Polymarket, bringing prediction markets into mainstream culture. A fiery exchange with Gary Gensler on CNBC raises eyebrows, while debates over crypto regulation heat up, especially regarding the centralization of layer-2 solutions like Base.
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Question Big Private Raises Strategically
- Evaluate big private raises by strategic intent, not just valuation.
- Consider whether Tether's $500B target funds expansion or signals concentration risk.
South Park Explains Prediction Markets
- South Park ran a full episode explaining prediction markets and featured Polymarket as a social betting platform.
- The show used everyday bets to make prediction markets intuitive for mainstream viewers.
Prediction Markets: Skill vs. Gambling
- Prediction markets sit between gambling and skilled speculation depending on participant knowledge.
- Skilled traders can monetize information while casual users treat platforms as entertainment.