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ROLLUP: Stablecoin Surge | Hyperliquid Drama | Tornado Cash Freed | Robinhood Banking

Mar 28, 2025

Mike Ippolito, a crypto media colleague and co-host of the Bell Curve podcast, shares insights on the recent surge in institutional interest in stablecoins. He discusses the drama surrounding Hyperliquid, which faced a market manipulation attack, and the significant milestone of the U.S. Treasury removing Tornado Cash from its sanctions list. Additionally, the conversation covers Robinhood's new banking features and what this means for the future of decentralized finance, sparking lively debates about the evolving crypto landscape.

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Mike Ippolito

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Episode notes

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Quick takeaways

Institutional confidence in cryptocurrencies grows as significant investments and regulatory developments spark excitement and anxiety among retail participants.

The stablecoin market surges past $200 billion, driven by institutional interest and new implementations offering yield opportunities backed by U.S. treasuries.

The removal of Tornado Cash from sanctions highlights shifting regulatory attitudes and raises discussions regarding the legality of decentralized protocols.

Deep dives

Market Sentiment Shifts in Crypto

The current mood in the cryptocurrency industry reveals a distinct divide between institutional players and retail participants. While institutions are exhibiting high confidence and enthusiasm about entering the market, particularly around regulatory developments, retail crypto users are experiencing skepticism and declining morale. This shift is partly fueled by significant movements like Michael Saylor's continued investment in Bitcoin, as he accumulates over 500,000 Bitcoins. Market analysts suggest that institutional adoption is expected to surge following anticipated regulatory frameworks, marking a potential turning point in the crypto landscape.

Intro

3min

Pioneering the Crypto West

3min

Navigating Crypto Taxes and Bitcoin Investments

3min

Stablecoins and Market Dynamics

33min

Sponsorship Spotlight: Uniswap and Celo Innovations

2min

Innovations in Cross-Chain Transactions and Market Manipulation Insights

4min

The Centralization Dilemma: Binance vs. Hyperliquid

12min

Tornado Cash and the Future of Finance

10min

This week, Mike Ippolito joins us to break down crypto’s big flip as institutions rush into stablecoins—triggering excitement and anxiety alike. Hyperliquid faces drama after a high-stakes market manipulation attack, BlackRock's tokenized treasuries surge to nearly $2 billion, and the U.S. Treasury finally removes Tornado Cash from its sanctions list. Meanwhile, Robinhood enters banking, raising questions about DeFi’s future. We dive into all of this and so much more.

Follow Mike on X & Checkout Bell Curve:

https://x.com/MikeIppolito_

https://www.youtube.com/@bellcurvepodcast/videos

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