Welcome to Bankless: where we explore the frontier of crypto money, tech and finance. Learn how to get started, get better, and front-run the opportunity.
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Joined February 2020
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Bankless retweeted
NEW REPORT: Bitcoin Breaks the 50-Week Moving Average. Is the Early Bull Over?
Bitcoin has lost the 50-week moving average, breaking the bull-market structure Mike expected to hold. So why isn't he panicking? @JustDeauIt and @RyanSAdams examine historical breakdowns, cycle indicators, extreme fear, and capital leaving crypto. They also discuss the AI selloff, midterm fallout, a potential drop to $67.8K, and the $58.5K level that could invalidate the early-bull thesis.
[TIMESTAMPS]
0:00 Intro
0:20 Bitcoin Breaks the 50-Week Average
1:23 Why the Early Bull Thesis Still Holds
4:54 Bitcoin Sentiment and the Five-Year Return
9:08 Cycle Metrics and the “Golden Zone”
14:26 Past Breakdowns Below the 50-Week Average
17:25 Extreme Fear and Bearish Market Control
20:04 Stablecoin Supply and Liquidity
22:47 Midterm Election Results and Crypto Policy
29:23 Watching AI Markets and Bitcoin’s Recovery
33:36 The Bearish Scenario and a Potential Fat Pitch
36:06 Building Cash for Market Opportunities
38:30 What Would Invalidate the Early Bull Thesis?
41:06 Portfolio Strategy and Closing Remarks
Bankless retweeted
Your IP address deserves privacy by default.
Our new wallet infrastructure prevents wallet servers from linking your IP address to your wallet activity, without any additional steps on your part.
Read more in this breakdown from @Bankless: bankless.com/read/crypto-pri…
Bankless retweeted
Zcash is getting the full-page treatment in today’s Wall Street Journal.
Grayscale has taken out a front-page ad promoting Zcash, along with another full-page ad inside highlighting its Zcash investment fund (ZCSH).
Bankless retweeted
Had a great conversation with @TrustlessState on why Latin America needs local stablecoins, not just USD.
USDC/USDT are great for savings, but salaries, rent and payments still happen in pesos and reais. That's why we built wFiat: wARS, wBRL, wCOP, wMXN, wCLP and wPEN onchain.
NEW EPISODE - Tokenizing Latin America: Six Currencies, One Financial System
Dollar stablecoins help people protect their savings. But everyday finance still runs on pesos, reals, and other local currencies.
@RipioApp CEO @sserrano44 joins @TrustlessState to unpack why six LATAM currencies are coming onchain, how 1:1 deposits could fix crypto's costly on-ramps, why Uniswap can compete with traditional FX, and what local-currency DeFi means for banks.
CHAPTERS
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0:00 Crypto adoption in Latin America
5:38 Local currencies, FX and the carry trade
8:19 Inside Ripio: crypto infrastructure for LatAm
16:29 Fixing on-ramps with local stablecoins
28:26 Wrapped fiat: business model and cross-border payments
35:29 Distribution and which blockchains
42:14 Regulators, banks and market growth
Bankless retweeted
$VVV Monthly burn broke through $1m last month
I ask @JonShapeShift: What drove the acceleration?
- New users signups
- Existing users buying even more
- API Credit purchase growth
- Agents
Jon says: "All of the above, but some are growing faster than others."
"Probably the thing over the last 3-4 months that has grown more than anything else is everything around video usage... the video models have gotten so much better"
$VVV Community Call | October
@AskVenice's Head of Strategy @JonShapeShift joins @TrustlessState for the October $VVV community call to unpack Venice crossing 5M users and 1T daily tokens, $1M+ in monthly $VVV burns, the DeepSeek-powered growth surge, accelerating AI video demand, the new $VVV ETP, private AI in an era of rising data breaches, and what comes next.
[TIMESTAMPS]
0:00 Intro
0:07 October at Venice
1:47 Venice Surpasses Five Million Users
5:22 A Smarter Default Model Drives Growth
10:28 How Agentic Chat Works
20:37 Record VVV Burns and Revenue Growth
23:54 AI Video and the Lumara Film Festival
30:10 Falling Token Costs, Better AI
34:42 Open-Source Models vs. Frontier Labs
36:36 VVV’s First European Exchange-Traded Product
41:04 AI Agents and the Growing Data-Security Risk
51:00 The U.S. Government’s DeepSeek Ban
52:59 What “Obliterated” Models Do
56:09 Venice Is Hiring a Model Product Manager
58:07 Consumer Growth and Enterprise Demand
1:00:22 Updates on Venice’s GPU Cluster
1:01:29 Venice’s Goals for the Rest of the Year
Bankless retweeted
Today marks the second time in history the Nasdaq fell more than 5% and Bitcoin fell less than the Nasdaq.
The other time was on March 16, 2020.
Mar 16, 2020: QQQ -12.0%, BTC -10.6%
Nov 5, 2026: QQQ -6.4%, BTC -5.3%
Bankless retweeted
NEW REPORT: Crypto Survived the $6.3B Binance Hack...Is the Bull Market Still Intact?
The $6.3 billion Binance hack should have crushed Bitcoin. Instead, BTC barely fell, and @JustDeauIt is more bullish than before. Mike and @RyanSAdams break down why Bitcoin held its critical 50-week moving average, what the selloff revealed about its holder base, and whether the final market reset is now complete. They also cover ETF outflows, post-election macro risks, the key levels to watch next, and why Mike still expects months of chop before the next major move.
[TIMESTAMPS]
0:00 Intro
0:22 Bitcoin’s Biggest Test Yet
1:47 Why People Make Bitcoin Volatile
3:15 The $6 Billion Hack Test
8:59 Diamond-Handed Bitcoin Holders
11:20 The Slow Leak of Selling
16:13 Altcoins After the Sell-Off
20:19 ETFs, Stablecoins, and Market Signals
22:44 Midterms and Crypto Markets
26:34 Reading the Credit Spreads
29:59 Bitcoin’s Early-Bull Outlook
34:22 The Case for Pump and Social Trading
40:04 Closing Thoughts and Disclaimers
Bankless retweeted
Learned a lot from this episode with @Zac_Aztec
It's true that @aztecnetwork is the only private smart-contract platform without backdoor viewing keys?
If so, then nothing is in the same league as Aztec when it comes to private smart contracts
NEW EPISODE - The Race to Build the Private Ethereum
Can Ethereum have truly private smart contracts without backdoors?
Aztec co-founder @Zac_Aztec joins @TrustlessState to make the case for privacy without privileged access, and why he believes @aztecnetwork stands apart from competing networks.
They break down why Wall Street needs privacy to move onchain, how ZK Passport enables identity verification without exposing personal data, and why AI-powered cyberattacks could make decentralized infrastructure more important than ever.
CHAPTERS
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0:00 The Race for Private Ethereum
07:21 Why Crypto Still Isn't Private
15:01 ZK Passport and Private Identity
21:29 AI-Powered Attacks and Trustless Infrastructure
29:44 Private DeFi and Institutional Adoption
35:42 Aztec Tokenomics, MEV, and Transaction Costs
40:52 Aztec Tierra and the 2027 Roadmap
43:43 Getting Started With Aztec
Bankless retweeted
In practice, programmable privacy means a bank could build viewing keys into its own app for compliance purposes, while the network underneath the app holds none.
That split is how Aztec Tierra works, and @Zac_Aztec explains on @Bankless why institutions need it.
Full podcast below ⬇️
NEW EPISODE - The Race to Build the Private Ethereum
Can Ethereum have truly private smart contracts without backdoors?
Aztec co-founder @Zac_Aztec joins @TrustlessState to make the case for privacy without privileged access, and why he believes @aztecnetwork stands apart from competing networks.
They break down why Wall Street needs privacy to move onchain, how ZK Passport enables identity verification without exposing personal data, and why AI-powered cyberattacks could make decentralized infrastructure more important than ever.
CHAPTERS
---
0:00 The Race for Private Ethereum
07:21 Why Crypto Still Isn't Private
15:01 ZK Passport and Private Identity
21:29 AI-Powered Attacks and Trustless Infrastructure
29:44 Private DeFi and Institutional Adoption
35:42 Aztec Tokenomics, MEV, and Transaction Costs
40:52 Aztec Tierra and the 2027 Roadmap
43:43 Getting Started With Aztec
Bankless retweeted
Here's how to understand the CFTC equity perp news, simplified:
The @CFTC has approved equity perp contracts for the 4 exchanges that have filed requests to approve them:
- KalshiEX LLC
- Coinbase Derivatives
- Bitnomial (Kraken)
- Nadex/OG.com
All 4 of these exchanges are:
1. CFTC registered exchanges
2. DCMs that clear trades with registered DCOs
3. Also registered with the SEC
4. That previously filed requests for approval of equity-perp contracts.
The 4 exchanges have internal standards (which they've formalized and filed with the CFTC) for which equity-perp they can list on their own exchange.
Things like
- Equity is publicly traded
- Sufficient float, trading volume
- Reliable pricing to be able to calc funding payments
- Market structure resilient to manipulation
So the exchanges are *mostly* free to self-certify the markets they want, i.e. all the popular ones. Which is bullish, because we're about to get a lot of onshore equity perps available on US retail platforms like Coinbase, Kraken.
btw, @Lighter_xyz will file with the @CFTC this month (per their Q3 investor call) and will very likely be the 5th exchange on this list (and the only crypto-native DEX with a CFTC DCM/DCO license), and is one of the reasons why Lighter is so unique as a project
@ChairmanSelig Releases Statement on Equity Perpetual Futures: cftc.gov/PressRoom/PressRele…
Bankless retweeted
Reminder that the ONLY person who will ever reach out to invite you on the podcast is ME.
Anyone else is trying to steal your money
Bankless retweeted
I'm talking to @ARedbord from @trmlabs in 30 minutes
TRM labs sees everything onchain, so Ari is probably the person with the best information out there
- How much is verified stolen? How much is coming back?
- What is EIP-7702, how was it used?
- How did one laptop have the power to move $6b?
- 2nd order consequences?
- Conspiracy: it was an inside job?
Tune in at 12:00pm EST!
Bankless retweeted
Get in the $VVV Stream!
Starting in a few min!
October $VVV Livestream xitter.twitterapi.xyz/i/broadcasts/1XxygwWQM…
Bankless retweeted
NEW REPORT: Can Crypto's Early Bull Survive the Stealth Bear Market?
Nearly 60% of S&P 500 stocks are already in a bear market. So why is @JustDeauIt still bullish on crypto? Mike and @RyanSAdams unpack the stealth selloff in stocks, AI financing fears, rising yields, and the looming midterms. They also break down bitcoin:native's stronger market structure, signs of seller exhaustion, and the $76K support level that could put the early-bull thesis to the test.
[TIMESTAMPS]
0:00 Intro
0:16 Crypto’s Early Bull Faces a Wall of Worry
3:48 Bitcoin’s Range-Bound Test and Market Catalysts
6:41 Who’s Buying Bitcoin—and Will They Hold?
13:14 ETF Flows, Miner Confidence, and Altcoin Resets
17:48 Ethereum’s Struggle Against Bitcoin
22:19 Is a Stealth Bear Market Already Underway?
28:19 Has the Worst of the Market Selloff Passed?
33:05 Midterms, Market Risks, and Political Uncertainty
39:03 Bitcoin’s Key Test: The 50-Week Moving Average
Bankless retweeted
Both @davewardonline and @wmpeaster are putting out some of the most researched and accessible content on the sectors of crypto worth paying attention to
crypto’s pace of development has sped up lately 👀
Both writers should be notifs on, for those who want to keep up.
orbio leading @bankless's piece on onchain inference markets.
we're more than a marketplace. orbio is the onchain inference layer, where inference is a token and agents pay for their own minds.
Bankless retweeted
The October $VVV Call 📺
Live on 𝕏 — Thurs, Oct 29 · 4pm ET
This month in Venice:
- Venice breaks 5m users
- Broke 500b daily tokens
- Record high $VVV burn and signups
- $VENC ETP listed
Join @JonShapeShift and I as we cover the month in Venice!
TOMORROW, 4pm ET
