In the 2nd Weekly Rollup of Flat-tember, we discuss whether the crypto bull market is over amid rising unemployment and market uncertainty. We cover stablecoin competition for Hyperliquid partnerships, Justin Sun's frozen WFLI tokens, and Nasdaq's tokenized equities. With Ethereum leading in asset tokenization, they also reflect on lost SEC Chair Gensler's texts and the rise of DAOs, alongside major moves from Fidelity and Robinhood.

—-
📣SANCTUM | STAKE YOUR SOL
https://bankless.cc/Sanctum-report
---
Bankless Weekly Rollup: 2nd Week of September, 2025

---
BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi
https://bankless.cc/Frax

🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🎩DEGEN | JOIN THE COMMUNITY
https://bankless.cc/degen

---
TIMESTAMPS & RESOURCES

0:00 Intro
3:42 Markets
https://www.reuters.com/business/us-unemployment-rate-near-4-year-high-labor-market-hits-stall-speed-2025-09-05/
https://fred.stlouisfed.org/series/UNRATE
https://www.reuters.com/business/cooler-us-producer-inflation-hints-softening-demand-2025-09-10/
https://polymarket.com/event/fed-decision-in-september
https://thedefireport.io/research/markets-are-nearing-an-inflection-point#global-liquidity
https://x.com/EricBalchunas/status/1965381497936117794
https://x.com/SharpLinkGaming/status/1965385468360741042
https://x.com/DefiIgnas/status/1965412886731538686
https://x.com/amitisinvesting/status/1965031182443139242
https://blockworks.co/news/samani-expected-chairman-solana-treasury
https://x.com/smyyguy/status/1965054449212342629
https://blockworks.com/analytics/treasury-companies/market-data
https://x.com/RyanSAdams/status/1965118547052695588
https://beincrypto.com/fidelity-tokenized-treasury-fund-on-ethereum/
https://x.com/RyanSAdams/status/1965152999963328571
29:30 Justin Son WLFI Frozen
https://x.com/molly0xFFF/status/1963684142454894967
https://x.com/QuintenFrancois/status/1963882897909145937
https://www.coingecko.com/en/coins/world-liberty-financial
https://x.com/jconorgrogan/status/1963665497393975324
https://x.com/0xNonceSense/status/1963654615947514277
https://x.com/worldlibertyfi/status/1964081164408250558
https://x.com/jconorgrogan/status/1963665740109893656
https://x.com/justinsuntron/status/1963807543983263802
https://x.com/ASvanevik/status/1963761428445442341
35:35 Hyperliquid USDH Bidding War
https://www.bankless.com/read/hyperliquids-usdh-bidding-war
https://x.com/DefiIgnas/status/1965370023377248437
https://polymarket.com/event/who-will-win-the-usdh-ticker-159?tid=1757505856052
https://x.com/0xfoobar/status/1965445696032846173
https://x.com/hosseeb/status/1965520465172328717
42:15 MegaETH Stablecoin
https://x.com/megaeth_labs/status/1965082874627199414
47:30 Ronin and Upbeat Join OP Stack L2
https://x.com/Ronin_Network/status/1965220031320793442
https://giwa.io/home
https://coinmarketcap.com/rankings/exchanges/
https://x.com/hildobby/status/1965820218854486232
50:56 Robinhood Joins S&P 500
https://x.com/WatcherGuru/status/1964078422050681221
https://www.tradingview.com/chart/1CDu50yK/?symbol=NASDAQ%3AHOOD
52:45 Gary Gensler’s Missing Texts
https://x.com/EleanorTerrett/status/1963731865577127980
https://x.com/haydenzadams/status/1964471380403245525
https://x.com/NateGeraci/status/1963780017281765392
https://x.com/lex_node/status/1642242646931300353
56:36 Senate Clarity Act
https://x.com/jchervinsky/status/1965465751122592119
58:15 Nasdaq Seeks Tokenized Stocks
https://www.coindesk.com/policy/2025/09/08/nasdaq-seeks-nod-from-u-s-sec-to-tokenize-stocks
1:01:15 Robinhood Social
https://x.com/RobinhoodApp/status/1965589746937446623

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