ROLLUP: Wartime Markets | Kraken Gets Fedwire | Trump vs Banks | AI vs Pentagon | NYT Says Crypto Is Dead
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Banklessation is the March. It's time for the Bankless weekly roll up. We've got a war going on. And so what are the wartime markets look like? How did the markets react to the conflict in Iran? We also have to talk about the flight to safety asset. What was it? Was it gold? Was it Bitcoin? Was it something else?
And then Trump, domestically, has taken a side on stablecoin yields. Choosing crypto over the banks? Some very loud tweets both from Trump and Trump junior about the Clarity Act and how the banks need to fall in line. Some just real good drama on the timeline this week.
More bad news for the banks too. Kraken is going bankless. They get a bank license of some sort, access to Fedwire, and I think that's pretty bullish,
a historic first. Can you go bankless by becoming a bank? Does that work? I think They don't have any banks anymore. They are one.
Yes. I mean, is a long standing bankless prediction, let's say. Well, I mean, we we always thought the crypto banks, the exchanges, we called them crypto banks from the very very beginning, would become more bank like over time. They're becoming banks at this point. That's pretty bullish though for crypto, I'd say. Also, Eric Voorhees AI crypto privacy project, we're gonna talk about that. Is this the AI plus crypto fusion we've been waiting for?
Also, Aave loses a key contributor just after it lost another one just a couple weeks ago. Is Zach XBT catches a criminal who stole $46,000,000 from the government? And then, of course, the bottom signal of all bottom signals in New York Times write a writes a crypto is dead article. So we're gonna read that article to you on the show. But before we do, we're gonna talk to our friends and sponsors over at Figure. Figure is the number one non bank HELOC lender in The United States. HELOC home equity line of credit. If you own a home, you probably know what that is. They're bringing institutiona
That's the deal. Tokenized landlord here, A DeFi landlord? Is that what you are? I think something like that. David, let's talk about the big news on the week.
Saturday morning, February twenty eighth, the all of The US woke up realizing that we had gone into conflict with Iran. We had killed the Ayatollah Khomeini not like a few hours into the conflict. There's a joint conflict with both The US and Israel doing targeted strikes all over the entire country. Ayatollah Khomeini killed in just a few hours, but the the conflict has been going on and on and on. It continues today. If we were five now six days into it, the Iranian response, they just launched missiles and drone attacks against The United States, Israel, and then also a lot of the allies in
not that's not just Iranian oil, is it it's like oil from the entire region, right? Yeah.
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