Bankless @Bankless

EARLY ACCESS: How Robinhood is using the SEC's New Innovation Exemption | @JohannKerbrat 🟢 Out now for Bankless Premium subscribers 📅 Out on public feeds Monday, September 21 Sign up for early access and the ad-free version now 👇🏻 bankless.com/podcast/how-ro…

zcash:native is ripping on almost no obvious catalyst. “@Zcash is the way that the crypto market is expressing that trade because it’s a faster horse than Bitcoin.” “Zcash is actually stealing @Bitcoin's thunder.” “The fact that Zcash outperformed during the bear market and continues to outperform is somewhat abnormal from previous cycles.”

Bankless @Bankless

2 days ago

WEEKLY ROLLUP: The Bearish Crypto News Isn’t Working Anymore Crypto just shrugged off a Fed hike and the death of the Clarity Act. @RyanSAdams and @TrustlessState break down the early-bull signal, the SEC’s tokenized-stock breakthrough, the coming options race, and Hyperliquid’s

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WEEKLY ROLLUP: The Bearish Crypto News Isn’t Working Anymore Crypto just shrugged off a Fed hike and the death of the Clarity Act. @RyanSAdams and @TrustlessState break down the early-bull signal, the SEC’s tokenized-stock breakthrough, the coming options race, and Hyperliquid’s path into the U.S. [TIMESTAMPS] 0:00 Intro 0:26 Bull Market Signals: BTC, Zcash & Altcoins - @econoar - @TrustlessState - @AviFelman - @NEARProtocol 8:39 Macro: Tom Lee, Bonds & the Fed Hike - @StockMKTNewz - @geiger_capital - @CNBC 23:43 Clarity Act Falls Apart - @CoinDesk - @tradfi - @Polymarket - @EleanorTerrett 26:27 Regulators Fill the Gap: SEC & Tokenized Stocks - @chairmanselig - @SECPaulSAtkins - @hosseeb - @Bankless - @NateGeraci 42:31 The Crypto Options Race 45:46 Hyperliquid Comes Onshore - @Payward 48:38 Arc Chain Launches - @arc 50:50 OpenZeppelin Joins S&P Global - @OpenZeppelin

The SEC just opened its first direct legal lane for onchain tokenized U.S. stocks. Its new 5-year Innovation Exemption lets permissioned AMMs trade real, rights-bearing tokenized stocks without the venue registering as an exchange or its LPs as dealers. What it means: > Tokenized stocks can now trade onchain in the U.S. through qualifying Tokenized Securities Venues (TSVs). > These HAVE to be real 1:1 stocks, carrying the same dividends, voting rights, etc. Synthetics and derivatives don’t qualify. > The model is still permissioned. Pools need allowlists/KYC, must follow OFAC rules, operate within volume/ticker caps, and give issuers the chance to veto listings. > Offshore stock-token markets aren’t going anywhere. This creates a compliant onshore alternative rather than eliminating synthetic markets abroad. > The big question is demand. Can a gated, compliant system attract meaningful volume when offshore alternatives are much easier to access? As they said they would, it appears CLARITY's failure has fired up the SEC and CFTC to pursue rulemaking on their own. I don't think this is the last exemption we'll be seeing...

U.S. Securities and Exchange Commission @SECGov

3 days ago

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

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AI agents won’t just need wallets. They’ll need reputations. Nikhil @chandhok: “Agents should become independent economic actors.” “It’s not just that you’re talking to the agent that you think you’re talking to, but the agent actually has a work history, has the economic output that they claim.” “What are all the things that agents need so that they can truly become fully economic actors?” “That infrastructure doesn’t exist.”

Bankless @Bankless

4 days ago

NEW EPISODE - @arc Mainnet Is Live But @circle's bet goes far beyond another L1. Circle's @chandhok joins us to unpack the bigger vision: AI agents with wallets and credit, tokenized stocks, global FX, privacy, subsecond settlement, and an “economic OS” built for money moving

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NEW REPORT: Guide to the Coming Crypto Bull Market Bitcoin may be entering the first inning of a new bull market, and TDR thinks this cycle could be bigger than the last. @JustDeauIt and @RyanSAdams break down the signals that would confirm the shift, the four stages of a crypto cycle, and how they plan to position through each phase. They also cover the sectors showing early strength, why onchain activity matters, and what could drive the next major wave of crypto adoption. [TIMESTAMPS] 0:00 Intro 0:10 Guide to the Coming Bull Market 3:12 TDR Portfolio Up 95% 6:27 The Four Crypto Cycle Stages 12:54 Early Bull Signals 17:19 How to Play the Early Bull 21:43 The Wealth Creation Phase 30:03 When to Start Going Risk-Off 35:09 Why This Bull Market Could Be Bigger 40:54 Fast DeFi & Social Trading 47:01 Onchain Perps & Lighter 52:00 How to Think Like an Investor 55:14 Crypto’s Fifth Cycle

Can @circle see inside private transactions on @arc? @chandhok, Circle’s Chief Product & Technology Officer: “Validators are not gonna be able to look at your transactions.” “Nobody’s able to look inside those.” “Even Circle cannot look inside those transactions.” “When I say privacy, it’s true privacy.” “Privacy is just the beginning.”

Bankless @Bankless

4 days ago

NEW EPISODE - @arc Mainnet Is Live But @circle's bet goes far beyond another L1. Circle's @chandhok joins us to unpack the bigger vision: AI agents with wallets and credit, tokenized stocks, global FX, privacy, subsecond settlement, and an “economic OS” built for money moving

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Venice now at 250 billion daily tokens

Erik Voorhees @ErikVoorhees

3 months ago

Venice now at 100 billion daily tokens

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NEW EPISODE - @arc Mainnet Is Live But @circle's bet goes far beyond another L1. Circle's @chandhok joins us to unpack the bigger vision: AI agents with wallets and credit, tokenized stocks, global FX, privacy, subsecond settlement, and an “economic OS” built for money moving onchain. A look inside what Circle is building with Arc, and what could actually make it different. CHAPTERS --- 0:00 Arc Mainnet Is Live 2:57 The “Economic OS” Vision 5:29 Validators, Privacy and Post-Quantum Security 8:27 How Private Is Arc? 12:24 Immutability and the Lazarus Test 16:14 What Gets Built on Arc First? 19:19 AI Agents Become Economic Actors 26:45 Agentic Commerce Gets Real 33:17 Reputation, Nano-Payments and Agent Credit 36:37 Tokenized Stocks and 24/7 Markets 39:59 Solving the On-Ramp and FX Problem 47:39 What Happens After Launch Day? 49:16 Closing Thoughts

@seyong @paulerlanger @fomo 🥇

Crypto options could become much more than another trading product. @nickforster sees them becoming part of the industry’s risk infrastructure: “When our options markets become liquid, volatility actually generally comes down.” “You can have hedges embedded via the options to protect against massive downsides and big wicks.” The endgame: “become the risk absorption engine for a lot of those different hedging flows.”

Bankless @Bankless

6 days ago

NEW EPISODE - Crypto is Ready for Onchain Options | Nick Forster, CEO of @DeriveXYZ Crypto options have lagged perps for years. @nickforster thinks that gap is finally starting to close. In this episode, he joins @TrustlessState to break down why options took so long to

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Perps let you lever up. Options can let you survive the path. @nickforster on the difference: “Perps are great. You can use them for lots of things. They’re just not the solution to everything.” “If $ETH goes to $7K by March, that call spread will pay out about $20 million.” Try replicating that with 66x perp leverage and a 1.5% drawdown gets you instantly liquidated. “You just can’t express that view in any way, shape, or form using perps.”

Bankless @Bankless

6 days ago

NEW EPISODE - Crypto is Ready for Onchain Options | Nick Forster, CEO of @DeriveXYZ Crypto options have lagged perps for years. @nickforster thinks that gap is finally starting to close. In this episode, he joins @TrustlessState to break down why options took so long to

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The 10/10 crash changed how crypto traders thought about leverage. @nickforster on what traders learned the hard way: “You can do everything right and be delta neutral and manage your risk and yet still get blown out.” “With perps, you can be very right on everything and still have a bad print where you can get liquidated.” “People found that out on 10/10 and started looking for other forms of leverage.”

Bankless @Bankless

6 days ago

NEW EPISODE - Crypto is Ready for Onchain Options | Nick Forster, CEO of @DeriveXYZ Crypto options have lagged perps for years. @nickforster thinks that gap is finally starting to close. In this episode, he joins @TrustlessState to break down why options took so long to

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NEW EPISODE - Crypto is Ready for Onchain Options | Nick Forster, CEO of @DeriveXYZ Crypto options have lagged perps for years. @nickforster thinks that gap is finally starting to close. In this episode, he joins @TrustlessState to break down why options took so long to mature, how the October 10 crash changed trader behavior, why being right on $ETH can still get you liquidated in perps, and where options fit across speculation, hedging, and yield. CHAPTERS --- 0:00 Why Options Lagged 5:56 The October 10 Shift 9:03 Options vs. Perps 21:37 Market Size & Economics 27:26 Derive’s HYPE Strategy 30:01 Why Onchain Matters 33:09 Inside the Risk Engine 35:51 What V3 Changes 38:02 Options in Everyday Apps 41:53 Does Volume Lift Prices? 44:08 Following Derive

.@RyanSAdams thinks crypto degens are skipping straight to the end of the easy-money trade. “We’re going into an easy money era. Let’s go to the riskiest table in the casino.” “That’s just spinal reflex that we have.” But he’s not calling altseason yet: “You cannot call a big altcoin season when Bitcoin dominance is near 60%.”

Bankless @Bankless

a week ago

WEEKLY ROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy Crypto speculation is back, but is this really a new bull phase? @RyanSAdams and @TrustlessState unpack the altcoin surge, Treasury’s escalating bond-market fight,

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The government is trying to fight a force it ultimately can’t control: the market. “It just doesn't make me comfortable to see the government react to the market and try to win a thumb war over the market.” “The market always wins.” “The market is the house. You are not the house, sir.”

Bankless @Bankless

a week ago

WEEKLY ROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy Crypto speculation is back, but is this really a new bull phase? @RyanSAdams and @TrustlessState unpack the altcoin surge, Treasury’s escalating bond-market fight,

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Before disappearing to Burning Man, @TrustlessState made one last trade. “Days later, I look at my phone… and I’m up $120,000.” So why that trade? “ $BONER. It makes sixth graders laugh. So that’s good. That’s bullish. ” “It’s very simple, very mimetic.” “Fart coin ran because we hadn’t tokenized farts yet. Boner ran because we hadn’t tokenized boners yet.”

Bankless @Bankless

a week ago

WEEKLY ROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy Crypto speculation is back, but is this really a new bull phase? @RyanSAdams and @TrustlessState unpack the altcoin surge, Treasury’s escalating bond-market fight,

6 1 20 47K 4

WEEKLY ROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy Crypto speculation is back, but is this really a new bull phase? @RyanSAdams and @TrustlessState unpack the altcoin surge, Treasury’s escalating bond-market fight, Robinhood’s tokenized stock boom, and the OpenAI controversy raising new questions about AI, privacy, and ownership. [TIMESTAMPS] 0:00 Intro 2:03 Altcoin Season & Degen Debasement Trade - @JustDeauIt 16:00 Treasury vs. The Bond Market - @KobeissiLetter - @uncnooman - @Hedgeye 27:31 Robinhood Chain & AMC’s Tokenized Stock War - @0xcarlosg - @uttam_singhk - @Pumpfun - @haydenzadams - @CEOAdam - @vladtenev - @Ryan__Rigg - @TrustlessState 40:12 OpenAI Math & Privacy Controversy - @OpenAI - @hosseeb 52:30 Hunter Biden’s LAPTOP Memecoin - @WatcherGuru - @HunterBiden 55:00 MetaMask Split & Ethereum’s Smart Wallet Future - @MetaMask - @VitalikButerin - @ethlabs_org 1:03:24 Clarity Act’s Do-or-Die Vote

The establishment squirming over permissionlessness never gets old Every argument against tokenized stocks is just "but we didn't approve it." @vladtenev is pushing the frontier, and it's not for everyone

Wolf of My Street🏡 @Ryan__Rigg

2 weeks ago

CEO Vlad Tenev defended the company’s push into tokenized stocks on Wednesday, saying public companies can’t control the financial products built around their shares once they go public, after $AMC recently slammed Robinhood’s tokenization efforts Says these are backed 1:1 with

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Wrote about the tailwinds mounting distrust in frontier labs will have for inference markets, particularly those onchain. Providing any level of anonymity, even if it just means using a router/gateway via @AskVenice / @BlockRunAI / @AskSurplus, will be more in demand. x402 works well here to enable this.

Bankless @Bankless

a week ago

x.com/i/article/2098…

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