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The Ultimate Guide to Crypto Finance. DeFi, NFTs, and cryptocurrencies. Level up. Go bankless.

  1. How Hyperliquid Becomes the Backend for ALL of Finance | Tushar Jain

    -2 j ·  Vidéo

    How Hyperliquid Becomes the Backend for ALL of Finance | Tushar Jain

    Multicoin provides investment advice to certain private fund clients that own HYPE tokens discussed herein and stands to gain in the event that the price of the token increases. Multicoin's HYPE valuation report discussed in this podcast can be found as a link in the show notes.  Any trading discussion is for informational purposes only and is not a recommendation to engage in derivatives, leverage, or any specific trading strategy. --- 🧭OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS --- Hyperliquid is already one of crypto’s biggest perp stories, but Multicoin’s Tushar Jain thinks the market may still be looking at it too narrowly. In this episode, David sits down with Tushar to unpack the deeper thesis: portfolio margining as the hidden unlock, HIP3 and builder codes as the path to platformization, real traction versus farmed volume, and why HYPE’s value-capture model is unusually direct for crypto. --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium --- 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 Tushar Jain https://x.com/tushar_jain Multicoin's Hype Analysis and Valuation report can be found here: https://multicoin.capital/2026/06/25/hyperliquid-hype-analysis-and-valuation/ The report includes important disclosures concerning the data and assumptions by Multicoin discussed today. Multicoin may have interests in companies mentioned during the episode. --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    54 min
  2. The Rise of Robinhood Chain: Tokenized Stocks, Perps, and 27M Users | Johann Kerbrat

    -3 j ·  Vidéo

    The Rise of Robinhood Chain: Tokenized Stocks, Perps, and 27M Users | Johann Kerbrat

    Robinhood Chain is live, and it may be one of the clearest signs yet that traditional finance is moving onto Ethereum rails. Johann Kerbrat, VP of Crypto at Robinhood, joins David to unpack the launch of tokenized stocks, USDG yield through Morpho, regulated and crypto-native perps, the Lighter integration, and why Robinhood Wallet is being built for the billions of people who have never used crypto before. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium --- TIMESTAMPS 0:00 Intro 1:45 Robinhood Chain Goes Live 2:45 Robinhood’s 15-Product Crypto Push 5:47 Tokenized Stocks on Robinhood Chain 11:32 USDG Yield and Robinhood Earn 16:19 Perps Across Robinhood, Bitstamp, and Lighter 19:44 The Lighter Partnership 23:12 Will Robinhood and DeFi Converge? 27:15 Why Robinhood Chose Arbitrum 28:40 Building Crypto for Non-Crypto Users 31:36 How to Get Started on Robinhood Chain --- RESOURCES Johann Kerbrat https://x.com/JohannKerbrat --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    33 min
  3. How Ondo Is Bringing Stocks and Perps Onchain | Ian De Bode

    2 juil. ·  Vidéo

    How Ondo Is Bringing Stocks and Perps Onchain | Ian De Bode

    The stock market is starting to move onchain, and Ondo is one of the teams building the rails. Ian De Bode joins David to explain how Ondo brought tokenized SpaceX stock to Ethereum minutes after trading began, why tokenized equities need real market liquidity instead of shallow DEX pools, and how Ondo Perps could unlock a new generation of RWA trading by using tokenized stocks as collateral. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium --- TIMESTAMPS 0:00 Ondo’s RWA Moment 1:17 How SpaceX Stock Hit Ethereum in Minutes 2:57 What Actually Backs a Tokenized Stock? 4:49 The Onchain and Offchain Market Machine 10:29 Where the Demand Comes From 12:46 The Most Popular Tokenized Stocks 14:54 Why Perps Need Better Collateral 20:46 New Strategies for Onchain Asset Management 25:02 The Next 12 to 18 Months 26:14 How Big Can Perps Get? 28:46 Offshore Versus Onshore Perp Markets 32:05 Inside Ondo Perps 36:24 Why Not Build on Hyperliquid? 37:49 Launch Timeline and Early Demand 39:48 Will Wall Street Incumbents Compete or Help? 43:52 Ondo’s 2026 Roadmap 45:22 Remembering Nathan Allman --- RESOURCES Ian De Bode https://x.com/iandebode --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    49 min
  4. Strategy is Trapped & in Crisis — "It's Basically a Hedge Fund Now" | Jeff Dorman & Matt Walsh

    1 juil. ·  Vidéo

    Strategy is Trapped & in Crisis — "It's Basically a Hedge Fund Now" | Jeff Dorman & Matt Walsh

    Michael Saylor’s Strategy bought itself time, but did it actually solve the problem? David sits down with Jeff Dorman and Matt Walsh to unpack Strategy’s increasingly complex capital structure, why $STRC and MSTR are now fighting for oxygen, whether Saylor may need to sell Bitcoin, and why the company is starting to look less like a levered BTC play and more like an actively managed hedge fund. --- 📣OKX | THE NEW MONEY APP https://app.okx.com/en-us/join/usbankless --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium --- TIMESTAMPS 0:00 Intro 2:30 Can Stretch Return to 100? 4:00 Explaining the New Framework 4:43 Can the Capital Stack Coexist? 6:39 Refunding the Converts 8:32 MNAV Near the Breaking Point 11:15 Option Value or Investor Betrayal 15:37 Legal Risk and Retail Exposure 19:52 Buying Time, Not Solving It 22:20 Scenario Odds After the Pivot 24:54 Sell Bitcoin or Wait 28:59 M&A as a New Path 34:13 Temporary Relief, Future Crash 36:21 Slow Bleed, Not Bankruptcy 40:58 Bitcoin Needs a Bigger Narrative 46:56 Would Jeff Buy Stretch? 48:26 Is the Model Actually Genius? 52:09 Closing & Disclaimers --- RESOURCES Matt Walsh https://x.com/MattWalshInBos Jeff Dorman https://x.com/jdorman81 --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    54 min
  5. Ethlabs: The New Org to Make Ethereum Win | Ansgar & Caspar

    29 juin ·  Vidéo

    Ethlabs: The New Org to Make Ethereum Win | Ansgar & Caspar

    Ethereum has a new R&D lab, and its mission is blunt: make Ethereum and ETH win. In this episode, David sits down with Ansgar and Caspar, two co-founders of Ethlabs, to unpack why the organization exists, how it complements the Ethereum Foundation, and what it means to put Ethereum back on offense. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS 0:00 What is Ethlabs? 2:35 The EF Narrows Its Mission 9:30 Putting Points on the Board 13:06 Principles Need Users 14:53 ETH the Asset and Ethereum the Network 17:33 Scaling, Interop, and Growth Workstreams 22:52 The Talent Behind Ethlabs 25:27 What a New Organization Unlocks 27:53 Pro Markets, Pro Growth, Pro ETH 30:51 The Trillion Dollar ETH Question 37:07 Who Steers Ethereum? 39:55 Shared Vision, Different Path 45:13 Funding Ethlabs 51:54 Hiring for Ethlabs 54:24 Ethereum’s Long Arc 58:14 What Comes First --- RESOURCES Ansgar Dietrichs https://x.com/adietrichs Caspar Schwarz-Schilling https://x.com/casparschwa Ethlabs https://ethlabs.org/ --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    59 min
  6. ROLLUP: Bitcoin Breaks Below $60K | Saylor’s Three Bad Options | ETH Labs | The Quantum Clock

    26 juin ·  Vidéo

    ROLLUP: Bitcoin Breaks Below $60K | Saylor’s Three Bad Options | ETH Labs | The Quantum Clock

    Markets are bleeding as Bitcoin breaks below $60K and Strategy faces its biggest test yet. Ryan and David unpack Saylor’s three-way squeeze, ETH Labs vs. the EF reset, quantum timelines moving up, and Illinois’ new crypto tax. --- 🧭OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS 0:00 Intro 3:35 Bitcoin Below $60K and Strategy’s 3 Body Problem https://www.tradingview.com/chart/KZYJV3ef/ https://www.strategy.com/ https://x.com/saylor/status/2069028571880845340 https://x.com/saylor/status/2069682624956612731 https://x.com/Pentosh1/status/2069797143917855024 https://x.com/jdorman81/status/2067616073479078386 https://x.com/jdorman81/status/2069857950202835258 https://x.com/ki_young_ju/status/2069646523668033833 https://x.com/PeterSchiff/status/2070146847692185798 https://polymarket.com/event/what-price-will-bitcoin-hit-before-2027 17:59 ETH, Stocks, South Korea Selloff, and the AI Trade 20:59 Why Crypto Is Down: AI Attention, Debasement Pause, and the 4-Year Cycle 27:06 Mover of the Week: $CARDS and Pokemon Cards as RWAs https://www.coingecko.com/en/coins/collector-crypt 31:32 Ethereum’s Center of Gravity Shifts: EF Cuts and ETH Labs https://x.com/VitalikButerin/status/2069431500035023121 https://blog.ethereum.org/2026/06/23/ef-structure https://x.com/aerugoettinea/status/2069017140846330107 https://x.com/tkstanczak/status/2069454499509596582 https://x.com/bobbyong/status/2069965817882755342 https://x.com/ethlabs_org/status/2069104073245159573 https://ethlabs.org/thesis.html https://x.com/TrustlessState/status/2069110440903196810 https://x.com/trent_vanepps/status/2067593124398989551 51:50 White House Quantum EO: Are Crypto Timelines Moving Up? https://x.com/WhiteHouse/status/2069154174818754759 https://x.com/projecteleven/status/2069151681015627881 https://x.com/drakefjustin/status/2061793725299224676 57:25 Illinois Passes a 0.2% Crypto Transaction Tax https://x.com/0xBeaconLayer/status/2069120528238121154 https://x.com/manwithadogg/status/2069158605664756205 https://x.com/DarrenBaileyIL/status/2070149517102469527 59:50 Portfolio Check and Crypto Bottom Watch --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    1 h 4 min
  7. AI, Surveillance, and the Fight for Digital Sovereignty | Near's Illia Polosukhin

    23 juin ·  Vidéo

    AI, Surveillance, and the Fight for Digital Sovereignty | Near's Illia Polosukhin

    What happens when powerful AI requires an ID, governments can restrict access by country, and your most private data flows through centralized systems? NEAR co-founder Illia Polosukhin joins David to explain why AI export controls could fracture the internet, how nationalized AI could become a surveillance layer, and why decentralized, user-owned AI may be the only real alternative. They also unpack Ironclaw, confidential inference, private agents, and NEAR’s push to make AI and assets fully sovereign. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS 0:00 Intro 3:47 Pandora’s Box Opens 6:03 AI Meets Government 7:16 Decentralizing the Stack 8:51 Why Ban Fable? 11:18 Internet Balkanization 13:57 KYC for AI? 18:43 Nationalized Models 21:07 Building Private AI 26:30 Agent Marketplace 30:26 User-Owned Alignment 35:28 Winning Against Giants 40:19 Regulation Fuels Crypto 42:24 Global AI Adoption 45:05 Compute Is the Bottleneck 49:00 Enterprise Use Cases 51:39 Confidential TVL Explained 55:25 Full Sovereign Mode --- RESOURCES Illia Polosukhin https://x.com/ilblackdragon Near Protocol https://www.near.org/ --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    57 min
  8. How Re is Rebuilding the $1T Reinsurance Market with Stablecoins | Karn Saroya & Avichal Garg

    18 juin ·  Vidéo

    How Re is Rebuilding the $1T Reinsurance Market with Stablecoins | Karn Saroya & Avichal Garg

    Re is bringing the $1T reinsurance market onchain. Founder Karn Saroya and Electric Capital’s Avichal Garg join David to unpack how stablecoins can become a new capital source for insurance, why real-world reinsurance may offer crypto’s missing “real yield,” and how Re is using Ethereum, smart contracts, and AI to compete with legacy giants like Lloyd’s of London, Munich Re, and Swiss Re. They also discuss the RE token, the future of onchain capital markets, and why stablecoins could become the backbone of a new financial system. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS  0:00 Intro 2:13 Blockchain Reinsurance Edge 4:12 Stablecoin Capital Markets 9:17 Efficiency Beats Incumbents 13:02 Rewiring Insurance Plumbing 16:24 Durable Startup Advantage 23:26 Reinsurance Market Size 30:09 How Reinsurance Pays 32:42 Capital Stack Mechanics 35:52 Leverage and Yield 40:02 What $RE Tracks 41:34 Tranche Yields 42:36 Productive Capital Returns 44:47 Looping the Receipts 48:01 $RE Token Governance 51:26 Roadmap to a Billion 52:13 Onchain Adoption Ahead 56:02 The DeFi Mullet Future --- RESOURCES  Re https://re.xyz/home Karn Saroya https://x.com/karnsaroya Avichal Garg https://x.com/avichal --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

    59 min
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À propos

The Ultimate Guide to Crypto Finance. DeFi, NFTs, and cryptocurrencies. Level up. Go bankless.

Informations

  • Création
    Bankless
  • Années d’activité
    2020 - 2026
  • Épisodes
    1,3 k
  • Classification
    Tous publics
  • Site web de l’émission
    Bankless

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