Bankless

Downtober drags on… but not all is bearish. On this week’s Weekly Rollup, Ryan and David break down why sentiment feels cold despite strong BTC, and the three ways this cycle could play out. Plus, gold is ripping! Can crypto catch up?

We also cover Dankrad’s jump to Tempo, Coinbase’s Echo deal, Polymarket’s NHL play, the Fed’s potential FedWire opening, and the AI trading showdown.


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💠BIT DIGITAL ($BTBT) | ETH TREASURY 

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

------

TIMESTAMPS & RESOURCES

0:00 Intro

4:00 Markets

https://x.com/QuintenFrancois/status/1980893883161882974

https://x.com/VentureCoinist/status/1979622508732276761

https://x.com/QuintenFrancois/status/1980935843763150926

https://x.com/cryptogucci/status/1981367758278578590

https://x.com/qthomp/status/1981040936890081390

https://x.com/qthomp/status/1981044811894550678

https://x.com/FinFreedom414/status/1980614441315033342

https://x.com/VentureCoinist/status/1979622508732276761

https://x.com/JasonYanowitz/status/1980620067315282091

https://x.com/Barchart/status/1979149096700031112

https://x.com/Barchart/status/1981195191110574116

https://x.com/KobeissiLetter/status/1980994433849135340

https://x.com/KobeissiLetter/status/1980994455328149603

https://x.com/elerianm/status/1976244432317096373

https://www.visualcapitalist.com/central-banks-now-hold-more-gold-than-u-s-treasuries/

https://x.com/charliebilello/status/1979553653393383654

https://x.com/KobeissiLetter/status/1979563634805133590

https://x.com/charliebilello/status/1979542689977667913

https://x.com/BTC_Archive/status/1980614921357283448

25:04 Trump Pardons CZ

https://x.com/WSJ/status/1981377689270231336

https://www.wsj.com/finance/currencies/trump-pardons-convicted-binance-founder-7509bd63?mod=hp_lead_pos2

https://x.com/cz_binance/status/1981404850832494666

30:19 Dankrad is moving to Tempo

https://x.com/dankrad/status/1979133618254405775

https://x.com/AggrNews/status/1979220336680833433

https://x.com/TrustlessState/status/1979900912903586286

https://x.com/EffortCapital/status/1979158689605882109

https://x.com/ethereumJoseph/status/1980279130638672175

39:04 The Fight for Bitcoin’s Soul - Neutral blockspace or Bitcoin only

https://x.com/BitMEXResearch/status/1978545931600511157

https://www.bankless.com/read/bitcoins-nft-schism-is-intensifying

https://x.com/VitalikButerin/status/1978643578328137883

https://x.com/RyanSAdams/status/1979188770747408728

48:25 Coinbase bought Cobie’s Echo

https://x.com/cobie/status/1980579379244855384

https://x.com/A_Leutenegger/status/1980589269891837972

https://x.com/TheEylon/status/1981405829010956687

https://x.com/CryptoKaleo/status/1980385803630227570

https://x.com/brian_armstrong/status/1981410026746261971

53:41 Polymarket announces they’re the Official Prediction Market for the NHL

https://x.com/shayne_coplan/status/1981016949309239616

https://x.com/Kalshi/status/1980976183241240858

https://x.com/TrustlessState/status/1981024439887151337

https://x.com/zoomerfied/status/1981010074093969831

56:57 OpenSea wants to become “trade everything” app

https://x.com/dfinzer/status/1979200646763929835

58:45 FED is going to give crypto companies direct access to its Fedwire 

https://www.theblock.co/post/375513/waller-signals-feds-shift-toward-embracing-crypto-proposes-skinny-master-account-for-payment-innovators

https://x.com/CoinDesk/status/1980728462022529203 

https://polymarket.com/event/who-will-trump-nominate-as-fed-chair?tid=1761236821603

https://www.therage.co/us-btc-forfeiture/

https://x.com/francispouliot_/status/1978129578754191580

1:04:04 AI models entered a trading competition

https://x.com/jay_azhang/status/1979312946154033227

https://nof1.ai/

https://nof1.ai/leaderboard

https://www.youtube.com/watch?v=fijrhqJ88Sc&t=457s

1:06:30 RSA excited about AI - give your AI a wallet to spend with x402

https://x.com/CoinbaseDev/status/1981064709555310825

https://nexus.thirdweb.com/

https://x.com/RyanSAdams/status/1980985187484758401

1:08:33 Closing & Disclaimers

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

a16z crypto’s CTO Eddy Lazzarin and partner Daren Matsuoka return for our annual State of Crypto to map where 2025 really is on the curve: a price–innovation cycle poised to hand the baton back to builders, Bitcoin holding ~50% share, and 70M people now using crypto on-chain out of 716M owners. We dig into why institutions are actually shipping (not just PR), how stablecoins now rival Visa-scale volumes and sit among top U.S. Treasury holders, why DEX spot share near 20% changes price discovery, and how perps, infra throughput, and fee-switch economics are reshaping revenue across chains. Plus: prediction markets’ second act, the AI×crypto handshake (agents, proof-of-humanity, IP), and Bitcoin’s long-dated quantum dilemma.

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💠BIT DIGITAL ($BTBT) | ETH TREASURY
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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

---
TIMESTAMPS

0:00 Price–Innovation Cycle: Where We Are Now
3:46 Bitcoin Dominance & Market Correlations
12:09 User Geography & Adoption: MAUs vs Owners
20:15 Institutions & TradFi: Motives, Stablecoins, Integration
27:40 Stablecoin Scale: Volumes, Treasuries & Dollar Power
39:03 Stablecoin Decoupling & DeFi Growth
42:33 Perps, Protocol Revenue & Prediction Markets
47:55 Infrastructure: TPS, Scalability & Bottlenecks
49:51 Token Valuation & Chain Revenue
59:24 Bitcoin’s Quantum Risk: Paths & Responses
1:02:48 AI × Crypto: Use Cases & Decentralization
1:04:00 Outlook & Closing: Predictions & Cycle Top?

---
RESOURCES

Eddy Lazzarin
https://x.com/eddylazzarin

Daren Matsuoka
https://x.com/DarenMatsuoka

a16z’s Quantum Computing Podcast
https://a16zcrypto.com/posts/podcast/quantum-computing-what-when-where-how-fact-vs-fiction/

---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Is the crypto cycle already over, or is this just a reset before one last push? Michael Nadeau from The DeFi Report joins Ryan to break down why he went 70% cash ahead of the flash crash, what late-cycle data he’s watching, and the signals that would flip him back risk on. We dig into Bitcoin’s 50-week moving average, ETH’s $8–10K scenarios, slowing ETF flows, rising leverage, and whether global liquidity and AI could still drive a melt-up. Michael explains why this cycle has felt muted, what would confirm a top, and how he’s positioning into year-end.

Michael Nadeau & The DeFi Report:

https://x.com/JustDeauIt

https://thedefireport.io/

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📣BIT DIGITAL ($BTBT) | ETH-FIRST PUBLIC COMPAN

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find 

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🛞MANTLE | MODULAR L2 NETWORK

https://bankless.cc/Mantle

🌳KGEN | REQUEST A DEMO 

https://bankless.cc/KGEN-podcast

💠BIT DIGITAL ($BTBT) | ETH TREASURY 

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

------

TIMESTAMPS & RESOURCES

0:00 Intro

0:48 Crypto Cycle: Is It Over? Mike's Risk-Off Strategy 
https://thedefireport.io/research/portfolio-update

2:15 Flash Crash Insights 

3:14 Crypto Investor Profiles 
https://thedefireport.io/

5:40 Understanding Market Cycles  https://thedefireport.io/research/cycle-awareness-update#fear-greed-index

7:34 Late Cycle Analysis  https://thedefireport.io/research/cycle-awareness-update#fear-greed-index

12:41 Shifting to Risk Off 
https://thedefireport.io/research/portfolio-update

18:54 On-Chain Data Insights  https://thedefireport.io/research/where-might-eth-top#scenario-analysis-for-eth

21:47 Stages of the Cycle
https://thedefireport.io/research/cycle-awareness-update#fear-greed-index

26:12 Wealth Distribution Phase
https://thedefireport.io/research/cycle-awareness-update#fear-greed-index

28:15 Realized Profits Comparison  https://thedefireport.io/research/cycle-awareness-update#fear-greed-index

32:00 Global Liquidity Discussion 
https://x.com/RaoulGMI/status/1977140156386660654  https://x.com/RaoulGMI/status/1977498706510487748

33:52 Gold vs. Bitcoin 
https://x.com/merlijntrader/status/1978793051062509966

1:01:52 The Shittiest Bull Market Ever 
https://x.com/cryptorbion/status/1979614717707489461

1:08:31 What Would Change Mike's Mind?
https://www.coinglass.com/bull-market-peak-signals

1:17:14 Future of the DeFi Report 
https://thedefireport.io/research/portfolio-update 
https://thedefireport.io/

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Futarchy flips governance on its head—decisions aren’t voted on, they’re traded on. 

In this conversation with Felipe Montealegre of Thea Research and Proph3t, co-founder of MetaDAO, we explore how market-driven governance can eliminate the token “rug pull” problem, create true shareholder protections on-chain, and unlock the next era of crypto capital markets. 

From prediction markets and token design to MetaDAO’s “ownership coins,” this is how futarchy could make crypto investable again.

------

TIMESTAMPS

0:00 Intro

1:51 What is Futarchy?

4:26 US Capital Markets vs Futarchy

6:39 Futarchy Incentives

12:01 Futarchy Market Participants

16:05 A New Form of Governance

18:59 Liquidity & Insider Participation

24:03 Futarchy Genesis

31:31 Crypto Rugs

47:45 Trustworthy Tokens

53:00 Umbra Example

1:00:37 MetaDao

1:07:20 Unrugable Tokens

1:12:42 Regulation

1:18:31 What’s Next?

1:20:48 Closing & Disclaimers

------

RESOURCES

Felipe Montealegre

https://x.com/theiaresearch 

Proph3t

https://x.com/metaproph3t 

MetaDao

https://metadao.fi/ 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

Markets just saw a $19B wipeout in a single day. In this week’s Weekly Rollup, we break down the Friday Flash Crash, what really caused it, and whether it signals the end of the cycle or just a reset.

We also cover Binance’s leaked listing fees, a major Chinese tech company quietly building on Ethereum, and reports that the U.S. may add $14B in Bitcoin to its strategic reserve. Plus, Democrats renew their push against DeFi, and Larry Fink gears up for BlackRock’s next big crypto play.

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🛞MANTLE | MODULAR L2 NETWORK

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🌳KGEN | REQUEST A DEMO 

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💠BIT DIGITAL ($BTBT) | ETH TREASURY 

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:14 Markets

https://x.com/sykodelic_/status/1978728444038152542

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

https://x.com/Pledditor/status/1978783238614126798

https://x.com/NateGeraci/status/1978254468970909820

https://x.com/iamDCinvestor/status/1978227611722486016

https://x.com/Cointelegraph/status/1978800773480825133

https://x.com/RyanSAdams/status/1978441509788590590

https://x.com/growthepie_eth/status/1978460964245631206

https://x.com/RyanSAdams/status/1978549428114882674

https://x.com/jconorgrogan/status/1978563381880582649

https://x.com/Paxos/status/1978565015943950411

https://www.kerrisdalecap.com/wp-content/uploads/2025/10/Kerrisdale-BitMine-Immersion.pdf

https://www.strategicethreserve.xyz/

https://x.com/AltcoinDaily/status/1978562431640346760

29:31 Black Friday - (Flash Crash Friday) of 2025
https://x.com/kookcapitalllc/status/1976778625942011964
https://x.com/QuintenFrancois/status/1976906323058213118 https://x.com/KobeissiLetter/status/1976664345435414918

https://x.com/diogenes/status/1976947177520808270
https://x.com/TedPillows/status/1977000112216805431
https://x.com/diogenes/article/1976947177520808270/media/1976938624139841536
https://x.com/0xdoug/status/1976850615621107743
https://x.com/wacy_time1/status/1976772080768368886
https://x.com/lighter_xyz/status/1976855873344749847
https://x.com/Rabby_io/status/1912055838702784639
https://x.com/StaniKulechov/status/1976777483824644454
https://x.com/traderview2/status/1976762799159234661
https://x.com/cobie/status/1976788855006302686
https://x.com/kris/status/1976939942254461094
https://x.com/RaoulGMI/status/1976875434785554831

48:21 Binance listing fees were leaked

https://x.com/sjdedic/status/1852049944380932142

https://x.com/cjhtech/status/1978039748565532700

https://x.com/jessepollak/status/1978095944232026236

https://x.com/CryptoDefiLord/status/1978353232838623581

https://x.com/PhilOnChain/status/1978498099493621941

https://x.com/ViktorBunin/status/1978445847235907632

https://x.com/cz_binance/status/1978391907374899379

https://x.com/gregosuri/status/1853219191391650137

https://www.bankless.com/podcast/exposing-binances-listing-fees-cj-hetherington

54:05 MEGAETH VS MONAD TOKENS

https://x.com/monad/status/1978525785800495400

https://x.com/megaeth_labs/status/1978449245931012439

https://www.bankless.com/read/news/megaeth-commences-mega-ico-registration-on-cobies-sonar-platform

58:01 Ant Group - Alipay introduced its L2 

https://x.com/james_gaps/status/1978350046861984079

https://x.com/Jrag0x/status/1978358112458342697

https://x.com/RyanSAdams/status/1978431508575613213

59:51 Ethereum Phone - dGEN1 left the factory 

https://x.com/jessepollak/status/1976710468539715895

1:01:19 US seized 127,000 BTC linked to pig butchering scam

https://x.com/zoomerfied/status/1978101347401539638

https://x.com/SilvermanJacob/status/1978121251303334130

https://x.com/business/status/1978122242895630685

https://x.com/tayvano_/status/1978273602719158448

https://x.com/zackbshapiro/status/1978151239796854817

1:06:02 Dems countered the Market Structure bill 

https://x.com/jchervinsky/status/1976380118437331425

https://x.com/haydenzadams/status/1976678889909805501

1:08:54 Closing & Disclaimers 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

A $19B liquidation wave hit crypto 10 days after Lighter’s public mainnet—so we asked founder/CEO Vladimir Novakovski why they built a ZK L2 Perp DEX on Ethereum, how the escape hatch actually protects users, and what really happened under extreme stress. We dig into ADL vs. LLP, trader-first design, and why verifiability (not vibes) should govern order matching and liquidations. Vlad shares throughput targets, why Lighter chose custom ZK circuits over a generalized ZKVM, and what’s next: Spot, universal cross-margin, and a ZKVM sidecar for a broader platform play. We close with lessons from the cascade, realistic tradeoffs of being an L2, and how L2Beat “stage upgrades” fit into the roadmap.

---

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🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle

🌳KGEN | REQUEST A DEMO
https://bankless.cc/KGEN-podcast

💠BIT DIGITAL ($BTBT) | ETH TREASURY
https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

---
TIMESTAMPS

0:00 Intro
3:04 Guest Intro & ZK L2 “Why”
4:58 L2 Security & Verifiability
11:35 Verifiable Matching & Liquidations
14:02 Mainnet Launch & Liquidation Stress Test
18:16 Outage: Timeline & Make-Good
18:58 Scorecard: Lighter vs Hyperliquid vs Binance
22:20 ADL 101: Why Automated Deleveraging Exists
32:32 “Customer-First” Design Stance
38:32 Takeaways: Transparency, Proofs, Details
41:48 Causes Considered & Vlad’s Market Lens
49:31 Why a Perp DEX: Product & Fit
57:42 L1 vs L2: Tradeoffs, Sovereignty, Incentives
1:06:45 Roadmap: Spot, ZKVM Sidecar, Cross-Margin, New Markets
1:11:21 Points, Token Timing & Transparency
1:15:31 Closing Thoughts

---
RESOURCES

Vladimir Novakovski
https://x.com/vnovakovski

Lighter
https://x.com/lighter_xyz

---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Binance listing fees, finally out in the open. CJ Hetherington, Founder of Limitless, published the offer he received after no NDA. 8% of total token supply and $250k. We dig into why the founders accept deals like this, the hidden sell pressure, and how onchain price discovery can replace CEX gatekeeping. CJ also breaks down Limitless on Base, instant-settlement price markets, and the path to Coinbase via Aerodrome.

------
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🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle

🌳KGEN | REQUEST A DEMO
https://bankless.cc/KGEN-podcast

💠BIT DIGITAL ($BTBT) | ETH TREASURY
https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

------
TIMESTAMPS
0:00 Centralized Exchange Listing Fees
3:08 The Binance Drama Unfolds
3:41 Introducing Limitless
5:00 Conversation with CJ
15:28 The Hidden Costs of Listing Fees
25:17 The Future of Onchain Markets
28:44 Building on Base
32:39 Limitless: A New Prediction Market
43:43 Exploring Limitless Features
53:10 User-Generated Markets & Censorship
1:06:10 How to Engage with Limitless

------
RESOURCES

CJ
https://x.com/cjhtech

Limitless
https://x.com/trylimitless

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Tom Lee and Arthur Hayes map how crypto is flipping Wall Street: BTC at fresh highs, ETH’s comeback, and a surge of institutional capital, tokenization, and stablecoin rails.

Tom lays out Bitmine’s big ETH accumulation and bold targets (BTC $200–250k, ETH $10–12k), while Arthur dives into cycles, liquidity, why perps outshine leveraged ETFs, and the looming clash between prediction markets and TradFi. Plus: banks turning into on-chain tech companies and what Tether’s rise signals for the new banking stack.

Please visit https://fundstrat.com/tom  for complimentary access to Tom Lee's daily market updates, real-time market alerts, live webinars, and curated stock lists.

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🦄UNISWAP | SWAP ON UNICHAIN

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🛞MANTLE | MODULAR L2 NETWORK

https://bankless.cc/Mantle

🌳KGEN | REQUEST A DEMO 

https://bankless.cc/KGEN-podcast

🐂BULLISH | TRADING COMPETITION

https://bankless.cc/trading-competition

💠BIT DIGITAL ($BTBT) | ETH TREASURY 

https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

------

TIMESTAMPS

0:00 Intro

0:42 BTC All Time Highs

5:07 ETH Performance & Bitmine

9:32 DATs Market

15:26 4-Year Cycles

25:32 5% Bitmine’s Target

28:00 Tom’s Involvement in Ethereum

32:42 ETH’s Position

38:37 Compute for Finance

40:53 Tether’s $500B Valuation

44:57 USDT Flips BTC?

46:35 Crypto Equities

48:26 Hacks & Exploits

50:39 Financial Entertainment

55:13 Perps

58:38 Price Targets

1:00:45 2026 Wish List

1:03:06 Closing & Disclaimers

------
RESOURCES

Tom Lee

https://x.com/fundstrat 

Arthur Hayes

X - https://x.com/cryptohayes

IG - https://www.instagram.com/cryptohayes/

LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/

Substack - https://cryptohayes.substack.com/

Bitmine

https://bitminetech.io/ 

Fundstrat

https://fundstrat.com/tom 

Maelstrom

https://maelstrom.fund/ 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures

Gold shatters $4,000, Bitcoin quietly hits new all-time highs, and Wall Street just made its biggest bet yet on prediction markets. In this week’s Weekly Rollup, we break down why the debasement trade is heating up, how the AI bubble is shaping markets, and what it all means for crypto’s next move.

We cover BNB’s explosive run to the #3 spot, ICE’s $2B investment in Polymarket, and ETH staking ETFs officially going live. Plus, Solana ETF approval looks imminent, Asian capital rotates onchain, and Galaxy steps back into retail with a familiar face at the helm.

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

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TIMESTAMPS & RESOURCES

0:00 Intro

3:31  Markets

https://www.theblock.co/post/373369/bitcoin-hits-new-all-time-high-crosses-125000-for-the-first-time-as-uptober-momentum-builds

https://x.com/RayDalio/status/1973766977421275598

https://x.com/BTC_Archive/status/1975562328377528702 

https://x.com/jvb_xyz/status/1975047567852671125

https://x.com/matthew_sigel/status/1976251057421647886

https://www.coinglass.com/bull-market-peak-signals

https://x.com/Grayscale/status/1975262626377834938

https://x.com/joechalom/status/1975251314117648420

https://x.com/TheCryptoLark/status/1975147566351237315

https://x.com/EricBalchunas/status/1976037299373646270

21:56 Gold ATH, Equities at ATH and PTJ is calling out the AI bubble!

https://x.com/elerianm/status/1975782709084500136

https://companiesmarketcap.com/assets-by-market-cap/#google_vignette

https://x.com/SpencerHakimian/status/1975608283751981521

https://x.com/FluentInFinance/status/1975704684808560774

https://x.com/lisaabramowicz1/status/1975121018428809484

https://x.com/noahkaufmanmd/status/1975930839201702195

https://x.com/1MarkMoss/status/1973775891626164276

https://thedefireport.io/research/does-bitcoin-follow-gold#correlation-analysis

https://x.com/esaagar/status/1975290951787745581

https://x.com/spikedoanz/status/1975806155470635429

https://x.com/MauiBoyMacro/status/1975589846971523102

https://x.com/pumatheuma/status/1976085531500200220?s=46

https://www.cnbc.com/2025/10/06/cnbc-transcript-tudor-investments-founder-cio-paul-tudor-jones-on-squawk-box-today.html

https://x.com/AltcoinDaily/status/1975363814167380090 

https://x.com/dgt10011/status/1975353090128638415

https://x.com/RyanSAdams/status/1975560592166355425

41:48 Why is BNB pumping!

https://imgur.com/a/4d6Pnb3

https://x.com/cz_binance/status/1975595775540257262

https://defillama.com/chain/bsc

https://x.com/RyanSAdams/status/1975601864423940288

https://x.com/TheCryptoDog/status/1975602134189285606

https://x.com/mattyboomboom/status/1975888004074922144

https://x.com/RyanSAdams/status/1975909116431515777

https://x.com/eugenegeu/status/1975110416876577133

https://finance.yahoo.com/news/cz-returns-binance-speculations-getting-105754644.html

49:17 ICE - NYSE parent company is investing into Polymarket & Distributing Polymarket - $2 billion

https://x.com/polymarket/status/1975528768039985449?s=46

https://x.com/CoinDesk/status/1975935472586125456

https://x.com/shayne_coplan/status/1975534265698812046

https://x.com/shayne_coplan/status/1975994093529690405?s=46

51:20 Galaxy launched Galaxy One

https://x.com/galaxyhq/status/1975173116428234999

https://x.com/GalaxyOneZac/status/1975140872753999932

https://www.tradingview.com/chart/1CDu50yK/?symbol=NASDAQ%3AGLXY

https://x.com/solspacecadet/status/1975262934797353010

56:11 Monad Airdrop Claim Portal incoming Tuesday Oct 14th

https://x.com/monad/status/1976279260869619994

https://dropstab.com/coins/monad

57:40 3 things Ryan is excited about:

https://x.com/RyanSAdams/status/1976044336111341719 https://x.com/Jrag0x/status/1976180218814660675

https://x.com/brian_armstrong/status/1975948961845538985

https://x.com/maxbranzburg/status/1975214629552091239

https://blog.ethereum.org/2025/10/08/privacy-commitment

https://notes.ethereum.org/@niard/KohakuRoadmap

https://beta.walletbeat.eth.limo/wallet/summary/

1:02:18 Moment of Zen

https://x.com/cocothecorncob/status/1975373485410033673 

1:02:45 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

In this episode of Bankless, Ryan and David dive into prediction markets and their place in today’s financial landscape. They unpack how peer-to-peer markets differ from traditional sportsbooks, spotlighting Polymarket and Kalshi, and explore scalability, regulation, and societal impact. Are these markets tools for informed decision-making or just another gambling avenue?

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🛞MANTLE | MODULAR L2 NETWORK

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🌳KGEN | REQUEST A DEMO 

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🐂BULLISH | TRADING COMPETITION

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💠BIT DIGITAL ($BTBT) | ETH TREASURY 

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors

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TIMESTAMPS & RESOURCES

0:00 Intro to Prediction Markets

2:43 Bankless Summit Announcement

5:32 How Prediction Markets Work

8:06 Who the Big Players Are

14:31 Kalshi’s Breakout and U.S. Access

19:08 Prediction Markets as Media

20:27 How Big Are They Right Now

https://x.com/Polymarket/status/1975528768039985449

https://x.com/shayne_coplan/status/1975534265698812046

https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG

26:17 Where This Is Headed

https://x.com/Domahhhh/status/1973576583064567961

26:40 Sportsbooks vs. Prediction Markets

https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG

https://www.tradingview.com/chart/?symbol=NYSE%3AFLUT

31:43 Why Sportsbooks Are Systemically Unfair

39:10 Rules, Regulators, & Court Fights

54:43 Why This Matters for Society

1:00:31 Wrap Up & What to Watch Next

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠