Maks

Podcasting the crypto revolution | Father of two | Football fanatic | Turning blockchain complexity into clarity | Web3 builder, storyteller, eternal optimist ₿

[Bankless @Bankless]

.@fundstrat thinks stablecoins were only the beginning of Ethereum’s next major story.

“Stablecoins was the 2025 story.”

“Tokenization to me is so much bigger than stablecoins.”

“I think that’s where investors are underestimating how important it is to have a really secure settlement layer.”

“All the serious work… is only taking place on either @solana or @ethereum.”

“How big is that market? I think it could be huge.”

[Bankless @Bankless]

Tom Lee’s (@fundstrat) ETH target for the next 1–2 years:

“I think ethereum:native could easily be over 10,000 in that time frame.”

The full conversation is already live for Bankless Premium subscribers.

Subscribe to Premium and watch now 👇

[Bankless @Bankless]

INTERVIEW: The EIP That Destroys DeFi | Stani Kulechov & Mike Silagadze

Ethereum’s latest staking proposal is sparking backlash across DeFi. @aave founder @StaniKulechov and @ether_fi CEO @MikeSilagadze join @TrustlessState to break down why stake tapering could push $ETH yield toward zero, weaken solo staking, drive capital out of DeFi, and make ETH less attractive to institutions. They debate Ethereum’s monetary policy, whether the network is overpaying for security, and why trying to make ETH more like Bitcoin could undermine what makes Ethereum valuable in the first place.

[TIMESTAMPS]

Intro 0:00
0:09 Ethereum’s Staking Debate
2:41 Stani’s First Reaction
7:48 Mike’s Centralization Concerns
14:37 DeFi Under Pressure
17:15 Stani on Yield and Cash Flow
24:54 The Case for Vanilla Ether
27:20 Mike Pushes Back
34:27 Issuance and Monetary Policy
35:16 Minimum Viable Issuance
40:47 Institutions Need Predictability
46:10 Conservative Yield, Not Zero
47:46 Legitimacy and Process
52:54 Final Verdict on the EIP

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 US regulator OCC approves Bitcoin and crypto firms to become national banks.

"America and the OCC are once again open for business."

[Bankless @Bankless]

For @PaulFrambot, variable-rate lending fails the basic test of a true financial primitive:

“If you have variable rate, what does it vary on?”

“The answer is that it’s arbitrary. You rely on something to say what is the rate, which makes it not a primitive.”

“A primitive does not rely on anything for its existence.”

“Fixed rate, fixed term is the right primitive for financing. It is the true and the only true primitive.”

[Raoul Pal @RaoulGMI]

By 2032 or 2034, crypto crosses $100 trillion.

For context... there's about $800 trillion of assets in the world right now. Gold is $30 trillion, global M2 is $80 trillion. The entire digital asset space is $3.5 trillion.

Adoption has followed the same log regression channel for over a decade. Forward-project it and you land at $100 trillion by the early 2030s.

That's $97 trillion of new wealth in under a decade. More than every Russian billionaire, US tech billionaire, and finance and real estate billionaire on earth, combined.

I've been saying this for years. This is how you unfuck your future.

[Bankless @Bankless]

NEW EPISODE - How @HyperliquidX Becomes the Backend for ALL of Finance

@multicoin cofounder @tushar_jain joins @TrustlessState to unpack why @HyperliquidX may be much bigger than a fast-growing perp DEX.

Portfolio margining, HIP3 markets, builder codes, real vs farmed volume, hyperliquid:native value capture, unlock risk, and the path to US access.

The big idea: every market, one DeFi backend.

TIMESTAMPS
---

0:00 Intro
1:50 Perps Get TradFi’s Attention
3:17 More Than a Perp DEX
6:29 Why Portfolio Margining Matters
11:13 HIP3 and Permissionless Market Creation
13:47 Hyperliquid Becomes a Platform
19:54 The On-Ramp Question
21:36 Perps Are Not the Whole Thesis
28:04 Cash Flow as the Credibility Signal
33:05 Valuation Multiples and Lighter
34:36 Multicoin’s HYPE Framework
42:05 Token Value Capture
43:34 Unlocks, Wealth, and Team Motivation
48:30 The US Perps Question
52:27 Does Hyperliquid Need to Come Onshore?
54:32 The Final Bull Case

---
RESOURCES

Multicoin's Hype Analysis and Valuation report can be found here:
https://t.co/VaZeiDMU0v

The report includes important disclosures concerning the data and assumptions by Multicoin discussed today.

Multicoin may have interests in companies mentioned during the episode.

[Bankless @Bankless]

The ethereum:native thesis starts with @ethereum itself.

@adietrichs says it plainly:

“Ethereum and ETH can only win together.”

“ETH is the asset that sits at the very core of Ethereum.”

But the key point is what comes next:

“The effects on ETH is a little bit of an afterthought.”

“You really need to codevelop Ethereum and ETH.”

[Raoul Pal @RaoulGMI]

The NASDAQ is 97.5% correlated to total global liquidity.

It has almost nothing to do with earnings or how good the companies are, and everything to do with how much money the world's central banks are printing.

The small slice that liquidity doesn't explain is the NASDAQ's own adoption curve sitting on top.

This is why everyone keeps saying equities are expensive. They're using a measure that stopped working the moment we started debasing currency. A high valuation doesn't really tell you a company is doing well anymore, it tells you how much money has been printed.

This is the heart of my Everything Code framework. Once you understand that liquidity is the key driver of all asset prices, the market stops behaving like a mystery and starts running like clockwork.

[Crypto Rover @cryptorover]

THIS BITCOIN CHART LOOKS VERY SCARY.

Every cycle, BTC goes through one final panic phase before the real breakout starts.

2018: $19K → $3K
2021: $69K → $15K

While I don’t think we drop this low again, the bottom is probably not in yet.

[bee🐝 @0xbeehive]

$BTC RUNS ON A CLOCK THAT HAS NEVER MISSED

It works pretty simply:

Bear cycle- 365 days
Bull cycle - 1064 days

Then repeat

Despite its simplicity, this method has proven accurate twice in a row

We're currently on day 252 of the bear phase

Which means roughly 100 days left before the clock flips

So get ready - 3 months is more than enough time for that

Dont forget: I called the $BTC crash from $126k before it happened - publicly, on this page

Every local move since then - mapped out here too

The next update is the most important one this cycle - we're approaching the level where the real bottom forms

Follow now to not miss the update - turn on notifications to see it first

[Bankless @Bankless]

INTERVIEW: @CryptoHayes - The AI Crash That Could Send bitcoin:native to $1M

Arthur thinks the AI trade is sucking the oxygen out of crypto, and the real opportunity may come after the AI bubble cracks.

Inside the episode:

- AI CapEx mania
- Why ethereum:native looks cheap
- Oil as the macro bear case
- “The Fed can’t print Moore’s Law”
- How an AI credit event could send money back into crypto
- Why @HyperliquidX can challenge @binance
- Why the inventor of perps says not to use leverage

---
TIMESTAMPS

0:00 Why Arthur Sold HYPE, NEAR and ZEC
4:26 The AI Trade Starts to Look Crowded
6:25 How Arthur Is Positioned Now
7:15 Crypto’s Strange Market Dispersion
11:09 Oil, Iran and the Fake-Out Risk
14:16 Why the Iran Deal May Not Be Durable
17:29 Can AI Survive Higher Oil?
21:20 The AI Bubble Thesis
26:11 China’s Cheap AI Threat
30:38 The Credit Event Arthur Is Watching
35:51 The 2028 Perfect Storm
39:45 Why AI Is Draining Crypto’s Bull Market
44:28 Arthur on Inventing Perps
48:11 Why Perps Could Eat Wall Street
51:18 Socialized Loss Explained
53:21 Onshore vs Offshore Perps
55:50 Why Hyperliquid Can Flip Binance
56:30 The Perp Inventor Does Not Use Leverage

[Chiefy @0xChiefy]

🚨 Bitcoin is approaching the most important zone of this cycle!

Most people still think the bottom is already in.

They're wrong.

Scenario 1:
$64K → $42K → New Bull Run

Scenario 2:
$64K → $32K → New Bull Run

The setup is simple.

First fear. Then capitulation.

Either way, the crowd gets shaken out before the next major leg higher.

Most people will become bearish near the lows.

Just like they did in 2022.

Quick reminder:

I publicly called Bitcoin's 2022 bottom before most people believed it.

I publicly called Bitcoin's 2025 top while everyone was celebrating new ATHs.

If you ignored those calls, don't ignore the next one.

Follow and turn notifications on.

The next call will be posted here first.

[Mike Selig @ChairmanSelig]

For too long, American regulators have strangled innovation with ill fit rules. In this new era at the @CFTC, we are ending regulation by enforcement and ensuring the new frontier of finance is built on US soil.

This is just the beginning. @Bankless

[Bankless @Bankless]

INTERVIEW - @AskVenice Is Here to Win: How Private AI Takes On OpenAI and Anthropic

@TrustlessState sits down with @JonShapeShift and @jesseproudman to unpack how Venice is taking on OpenAI and Anthropic with private AI.

They talk about:

- why AI is becoming the biggest data honeypot ever
- private @grok access through Venice
- unrestricted AI as a consumer wedge
- how non-crypto users still feed the $VVV economy
- $DIEM, tokenized inference, and AI agents

---
TIMESTAMPS

0:00 Intro
1:12 Why Private AI Matters
3:01 The AI Data Honeypot
6:07 Venice’s Consumer AI Ambition
8:01 Beating the Big AI Labs
10:19 Model Aggregation and Agentic Chat
12:29 Open Source, Closed Source, and Private Grok
17:14 Who Actually Needs Private AI?
21:58 Venice’s User Base
23:53 What Drove Venice’s Recent Growth
27:21 $VVV, $DIEM, and Tokenized Inference
29:00 Where Venice Gets Its Compute
32:17 Bonding Curves and DIEM Monetary Policy
39:14 Real Tokenomics, Not Just a Pie Chart
45:46 AI Agents Need Inference to Exist
52:54 ShapeShift DNA Inside Venice
55:53 Regulation, AI, and Individual Rights

[Benjamin Cowen @benjamincowen]

Bitcoin: A Date with Destiny