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Bankless

ROLLUP: 2025 Market Outlook | Inauguration Impact | Gary Gensler's Parting Gift | Sony Censors Ethereum?

Bankless

[email protected]

Tech News, News, Technology

4.81.1K Ratings

🗓️ 17 January 2025

⏱️ 65 minutes

🧾️ Download transcript

Summary

This week’s episode dives into the evolving landscape of crypto as we approach a new administration. We discuss Donald Trump’s upcoming presidency and what it could mean for markets, analyze the recent market turmoil despite positive economic indicators, and break down the SEC’s case against Elon Musk. We also explore Sony’s controversial L2 launch and Tether’s move to El Salvador. Finally, some an exciting new privacy tool teams up with Coinbase. 

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⚖️ARBITRUM | SCALING ETHEREUM
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🌐CELO | BUILD TOGETHER AND PROSPER
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🎮RONIN | THE FUTURE OF WEB3 GAMING
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✨ Mint the episode on Zora ✨
https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/17?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E

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TIMESTAMPS & RESOURCES

00:00:00 Start

00:02:34 Markets
https://macromostly.substack.com/p/bls-jobs-report-recap-december-95c 
https://business.bofa.com/en-us/content/market-strategies-insights/weekly-market-recap-report.html 
https://www.cnbc.com/2025/01/15/cpi-inflation-december-2024-.html 

00:11:45 Strong Jobs Report
https://imgur.com/MxHgOOe

00:18:28 SEC Sues Elon Musk
https://x.com/WatcherGuru/status/1879305674594865284 
https://x.com/elonmusk/status/1879322286291054653 
https://x.com/GOPMajorityWhip/status/1879319142303498579 
https://decrypt.co/301226/sec-appeals-ripple-ruling-seeks-reversal-on-xrp-classification 

00:29:26 3 Days Until Trump Takes Office
https://x.com/Polymarket/status/1879957585748734158 
https://blockworks.co/news/trump-assembles-2025-cabinet 
https://x.com/QuintenFrancois/status/1879093846493012042 

00:36:24 What If Kamala Won?
https://x.com/BillHughesDC/status/1877740571831193697 
https://x.com/katiebiber/status/1877783826442723365 

00:41:59 Sony Launches ETH L2
https://soneium.org/en/blog/soneium-mainnet-is-live  
https://x.com/a1lon9/status/1879038646231429332 
https://x.com/0xKawz/status/1879032105767928026 
https://x.com/donnoh_eth/status/1879210463952818472? t=jlmQ8W1KoPgZSEzfP9oq4g&s=19 
https://x.com/0xbreadguy/status/1879176334372401191?s=43&t=2ZINVXJQKx6xO_6Wiiu_2g 
https://x.com/VitalikButerin/status/1879560670150017068 

00:51:30 Coinbase uses Morpho for Bitcoin Loans
https://x.com/coinbase/status/1879902780564951530 
https://www.coinbase.com/blog/now-get-a-USDC-loan-without-selling-your-bitcoin 

00:53:58 Aevo Moves To EigenDA
https://x.com/aevoxyz/status/1879728286093479947 

00:56:22 Veil.Cash Uses Coinbase
https://x.com/Veildotcash/status/1877827571926053220 

01:03:05 An Update From RSA
https://blockworks.co/news/berachain-pre-launch-liquidity 
https://tether.io/news/tether-licensed-in-el-salvador-strengthening-focus-on-emerging-markets-and-innovation/ 

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

Transcript

Click on a timestamp to play from that location

0:00.0

Bankless Nation. It is the third week of January. It's time for the bankless weekly roll-up. David,

0:08.0

we got Donald Trump. He is three days from office from the great inauguration of the second term of Donald

0:14.5

is J. Donald J. Trump, the first pro-crypto president of the United States of America.

0:20.5

So the big question is, what's he going to do?

0:22.7

What's he going to do for crypto, David?

0:24.4

We're going to talk about that.

0:25.8

Markets saw a lot of red earlier this week.

0:28.5

First, it was all over, but now we are back.

0:31.6

Yep.

0:32.1

Back on the backs of very positive U.S. economy data.

0:35.8

So we're going to unpack a little bit of that data and what that

0:38.1

means for 2025. Yeah. Also, Elon Musk, he's being sued by the SEC. Like, Gary's got like three days

0:45.0

left. Dude, Gary is shooting some shots in his last week in office. Yeah, I'm pretty sure this is his last

0:51.2

week. I want to say that's true. He's got four days left. Okay, but like the new SEC commissioner has not been confirmed yet.

0:57.0

Anyway, we'll get to that.

0:57.7

We'll talk about that.

0:58.3

Also, Sony launched their layer too, but things didn't get off quite on the right foot.

1:03.9

At least it was a little bit weird because they tried to censor some transactions, David.

1:08.2

Vitalik weighs in on that and we'll cover that. Also, Tether is moving to

1:11.1

El Salvador, another crypto-friendly nation, I suppose. But before we get in, we have a message

1:16.2

from our friends and sponsors over at ZeroX, the protocol. What do they want us to know?

1:20.3

Yeah, the OG builders that have been building Defi infrastructure since 2017 are introducing

...

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