ROLLUP: Stablecoin Surge | Hyperliquid Drama | Tornado Cash Freed | Robinhood Banking
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Bankless nation, and welcome to the weekly roll up. Each week, I'm bringing on a different co host to help me go through the news. And this week, I have the pleasure of being joined by a dear friend and crypto media colleague, Mike Ippolito. Mike, happy Friday. Glad to have you here. Happy
Friday, buddy. How we doing? Really
good. Really good. Really good week. Interesting week. There is a lot to talk about. Michael Saylor bought more Bitcoin, which is the most boring thing of the week. It only gets more exciting from there. Stablecoins had a big week. We're above $200,000,000,000 in supply with four new Stablecoin and slash tokenized money markets being entered into the market or at least announced. BlackRock's Buildle Fund triples in size in just the last three weeks. Hyperliquid had a rocky week this week. A market manipulation attack leads to an industry wide discussion about rule what rules do and do not appl
buddy. I appreciate it. Yeah. I mean, we've been doing DaaS now for six years, and it's funny. We have a little bit of we have insights into both a very crypto native part of the ecosystem, and, obviously, we collaborate on, permissionless, which is Mhmm. Now kind of like our T shirts conference, and then we've been doing DaaS actually for longer, and that's for the suits. And so we've kind of had this this view of what's going on in the future. I
was wondering what you meant by that. The
T shirts and the suits. That Right. So we've got a view in into what's going on in the institutional side of the space and more of the developer builder Mhmm. VC side of the space. And, typically, I mean, over the course at least the last six years, it's been very consistent that in the kind of the builder trenches, the vibes are almost always better. This was kind of a market, shift or divergence in sentiment where, actually, you've got, you know, people in the gutter a little bit in more of our core of the industry that you and I spend more time in, and the suits are kind of running around,
Yeah. The the chant of crypto from Genesis is the institutions are coming, the herd is coming. And obviously, it makes sense that they are not actually coming until we get crypto regulation pushed through congress, which is currently happening with the pro crypto administration. So finally, that that meme that we have been chanting for over a decade now is finally here. And it's just interesting timing that that is happening with, like, the flipping of morale, like you said, from institutions are very high morale, and the retail crypto Twitter, crypto natives have had some of the lowest morale
Same. But I think that's I think that's I've you and I have talked about this a little bit before. I think this is a moment in time where it's kind of the end of the beginning. Right? So the first fifteen years or so of crypto have been very exciting. It's been marked by visionary founders, kind of tinkerers, people that are interested in building very wonky, crazy things. And now we're at a point where this industry has been accepted and embraced by at least this administration in The United States. And this is where rubber hits the road, and we actually have the opportunity to build things t
Yeah. I think the crypto native side of that spectrum just kinda needs to learn how to get comfortable in this new world. Like, we on Bankless, we have this theme of we're going west, this is the frontier. And what that means is like, you know, we're going away from civilization into the wild. And I've always kind of thought is like the institutional side of crypto is the East. Th
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