ROLLUP: Bitcoin on the US Balance Sheet? | Trump's US Crypto Stockpile | Banks Can Now Custody Crypto | Venice AI's Massive Airdrop

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 31 January 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joining us this week is Haseeb Qureshi who is here to help walk us through this week’s Weekly Rollup. We cover the major shift in the U.S. government’s stance on crypto, as Trump signs an executive order that establishes a national digital asset stockpile working group and bans CBDCs. The SEC also revokes SAB121, clearing the way for banks to custody crypto. Meanwhile, Venice AI’s token launch made waves, and Abstract Chain went live with a focus on creators and streamers. In markets, Nvidia’s $600B plunge rattled investors, and the Czech National Bank considers adding Bitcoin to its reserves. Plus, Gary Gensler lands a new job—back at MIT.

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TIMESTAMPS & RESOURCES
00:00:00 Start

00:02:10 NVDA and Deepseek Selloff
https://www.cnbc.com/2025/01/27/nvidia-sheds-almost-600-billion-in-market-cap-biggest-drop-ever.html

00:08:26 Why It Sold Off
https://x.com/DavidSacks/status/1883935713877782884

00:10:56 Markets
00:12:28 Why is The Vibe So Off?
https://x.com/intocryptoverse/status/1884408180014186958?s=46

00:16:53 Bitwise Files For Doge ETF
https://x.com/EricBalchunas/status/1884349554256142735

00:21:01 Powell On Cutting Rates
https://www.cnbc.com/2025/01/29/fed-meeting-live-updates-traders-await-fed-chair-powells-comments.html
https://x.com/WatcherGuru/status/1884699251860553789

00:24:30 US Strategic Crypto Reserve?
https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
https://x.com/Geiger_Capital/status/1882534611693211932

00:29:21 Czech And Norway Invest In BTC
https://x.com/DavidFBailey/status/1884491705841508708
https://x.com/BitcoinMagazine/status/1884901420677386243

00:33:28 SAB121 Repeal
https://x.com/hesterpeirce/status/1882562977985114185?s=46
https://x.com/saylor/status/1882565582870270241?s=46

00:37:02 New Treasury Secretary
https://x.com/USTreasury/status/1884377788263633262

00:38:48 Gary Returns To MIT
https://mitsloan.mit.edu/press/former-sec-chair-gary-gensler-named-professor-practice-mit-sloan-school-management

00:44:01 Venice AI Token Launch
https://x.com/AskVenice/status/1883925135825990091
https://x.com/ErikVoorhees/status/1883992467151663415
https://x.com/CoinbaseAssets/status/1884041161708356000
https://x.com/TrustlessState/status/1884320943008538781

00:49:08 Abstract Chain Mainnet Launch
https://x.com/AbstractChain/status/1883939915169423777
https://x.com/pudgypenguins/status/1884708668366545143

00:50:33 Symbiotic
https://x.com/symbioticfi/status/1884266642416492713

00:52:48 TRUMP Token, Good And Bad
https://x.com/hosseeb/status/1883466906080088478?s=46
https://x.com/Jesseeckel/status/1884615422521020626

00:58:02 TRUMP Is A Celeb Coin
https://www.bloomberg.com/news/articles/2025-01-28/trump-s-memecoin-can-now-be-used-to-buy-watches-and-sneakers

01:03:45 Haseeb’s Podcast And Parting Advice

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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, welcome to the weekly roll-up today on the episode. We got Haseeb Kreshi as my co-host for this episode.
0:09.7	Haseeb, how are you doing, my man? Good to see you.
0:11.4	I'm doing well. I'm doing well. How about yourself? Really good, really, really good.
0:15.0	There's always just a mountain of news to go through, and I'm really happy to have you here, my man. Let's talk about what we're going to talk about this week. Trump Watch. Trump signed a crypto executive order called
0:24.0	Strengthening American Leadership in Digital Financial Technology, which included a bunch of things,
0:29.3	including a working group for a national crypto stockpile. Hester Purse and the SEC revoked
0:34.8	SAB-121, which gives, of course, the green light to banks custody
0:39.2	crypto. This open source AI platform, Venice launched this token and made a huge number of people
0:44.5	very happy this week, but also some drama around the Coinbase listing. Abstract chain
0:49.3	went live with their main net, and Gary Gensler gets a new job. To see, before we get into any of this news in specific, how would you give this week a vibe?
1:00.0	What was the vibe of this week, just in a sentence?
1:02.0	Chaotic.
1:03.0	I think it's been a very chaotic week, yeah.
1:05.0	It's one of these weeks where the outside world is really shaking what's going on in crypto.
1:10.0	It's, you're feeling like you're inside the snow globe and seeing all the stuff getting
1:15.7	floating up.
1:16.7	That was the vibe this week.
1:18.1	Is that a combination because of invidia and then also politics?
1:21.6	Yes.
1:22.2	I feel like that's going to be the theme of the year is that a lot of stuff that's not related
1:26.2	to crypto is going to be shaking up the crypto world.
1:28.5	Well, both Nvidia and politics are top of this agenda. So let's go ahead and get right into it.
	...

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