Bankless

ROLLUP: ETH Pumps 50% | Tariff Deal Boosts Markets | Coinbase Data Leak | Robinhood Buys L2

60 snips
May 16, 2025
Ethereum’s value skyrocketed by 50% thanks to a surprising U.S.-China tariff deal. The hosts delve into Coinbase’s dramatic data leak and a clever bounty offer. Robinhood makes headlines with its acquisition of a Canadian crypto firm, enhancing its position in the market. The rise of meme coins is discussed, revealing their surprising role in funding real applications. Financial experts weigh in on the evolving landscape of regulations and macroeconomic factors impacting crypto assets.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Ethereum's Huge 50% Surge

  • Ethereum surged 50% in a week due to being heavily oversold against Bitcoin at 0.018 BTC per ETH.\n- Market conviction by crypto native buyers, not institutional ETF inflows, drove this significant price rejection of low levels.
INSIGHT

US-China Tariff Truce Impact

  • The US-China 90-day tariff truce is seen as a substantial de-escalation, calming markets and lowering recession odds.\n- This truce may signal the end of tariff warfare, easing geopolitical tensions that had rocked markets.
INSIGHT

Arthur Hayes on Capital Controls

  • Arthur Hayes predicts tariffs are over and the Trump administration will implement capital controls, such as a 2% tax on foreign assets in the US.\n- These fiscal policies aim to devalue the dollar, reduce trade deficits, and counter the hollowing out of US manufacturing.
Get the Snipd Podcast app to discover more snips from this episode
Get the app