Episode Description
Crypto’s old leaders are struggling, but new winners are breaking out. Ryan and David unpack the rise of HYPE, Zcash, and Venice, the macro bear fuel markets are ignoring, the EF talent exodus, and why David selling his last ETH may mark a new era for Ethereum and Bankless.
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TIMESTAMPS & RESOURCES
0:00 Intro
3:28 Bear Fuel for Markets & Pockets of Bullishness in Crypto
https://x.com/KobeissiLetter/status/2056184339390419205
https://x.com/Barchart/status/2056350919139500364
https://x.com/JesseCohenInv/status/2056297490366837184
https://x.com/KobeissiLetter/status/2056556783221502060
https://polymarket.com/event/how-many-fed-rate-cuts-in-2026
https://thedefireport.io/research/signs-of-a-cycle-bottom#macro-update
https://www.cnbc.com/2026/05/21/iran-war-us-peace-talks-trump-hormuz.html
https://polymarket.com/event/us-x-iran-permanent-peace-deal-by
21:27 Hyperliquid, HYPE, and Pre-IPO Price Discovery
https://x.com/Matt_Hougan/status/2056720926234882533
https://polymarket.com/event/openai-ipo-closing-market-cap
https://www.coindesk.com/markets/2026/05/21/binance-launches-spacex-pre-ipo-perps
32:43 Wintermute Opens DeFi Vaults on Morpho
https://x.com/wintermute_t/status/2056722776241902065
38:12 Trump’s Quantum Bets and U.S. Industrial Policy & Blockchain.com IPO and Ronin Migrates to Ethereum L2
https://x.com/KobeissiLetter/status/2057431484915454235
46:34 EF Exodus and Ethereum’s Identity Crisis
https://x.com/TrustlessState/status/2056383261648015443
https://x.com/drjasper_eth/status/2056405742769377490/photo/1
https://x.com/tkstanczak/status/2022315368430067847
https://x.com/0xstark/status/2044757694389670239
https://x.com/trent_vanepps/status/2044412517313556786
https://x.com/barnabemonnot/status/2053914533211558331
https://x.com/TimBeiko/status/2050570831491645874
https://blog.ethereum.org/2026/05/11/protocol-update-may-26
https://x.com/CarlBeek/status/2056379557889143042
https://x.com/_julianma/status/2056391635731128763
https://x.com/DefiIgnas/status/2056403039968174208
https://x.com/josephdelong/status/2019116049694880021
https://x.com/dankrad/status/2057441946616930799
https://x.com/ETH_Daily/status/2056549932455330020
https://x.com/wmougayar/status/2047274807230611805
1:00:04 David Sold His ETH and a New Era for Bankless
https://x.com/TrustlessState/status/2057183150816583834
https://x.com/RyanSAdams/status/2057216981368221776
1:10:00 Moment of Zen
https://x.com/ethcforg/status/2057474005913792654
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Not financial or tax advice. See our investment disclosures here: