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ROLLUP: Trump's Massive Memecoin | Ethereum Ecosystem Drama | Ross Ulbricht Freed | Phantom Wallet Worth $3B?

Bankless

[email protected]

Tech News, News, Technology

4.81.1K Ratings

🗓️ 24 January 2025

⏱️ 71 minutes

🧾️ Download transcript

Summary

In this week’s Bankless Weekly Rollup, David is joined by Eric Conner to unpack a whirlwind week in crypto. Highlights include Trump’s explosive entry back into the Oval Office, launching a $50B memecoin on Solana, a full pardon for Ross Ulbricht, and pro-crypto cabinet appointments. Meanwhile, the Ethereum Foundation faces internal drama as Vitalik declares “wartime mode” amidst leadership restructuring. We also dive into Solana’s soaring ecosystem, BlackRock’s massive Bitcoin buys, and the SEC’s shakeup with new pro-crypto initiatives. It’s a week of big moves, bigger drama, and major market shifts!

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TIMESTAMPS & RESOURCES


00:00:00 Intro


00:02:30 Markets
https://farside.co.uk/?p=1518 
https://blog.coinshares.com/volume-217-digital-asset-fund-flows-weekly-report-02c0bf3c093d 
https://youtu.be/nWPRFNVs6XY?si=YEOfBSUlqGmNJD7B 


00:06:08 ETF Flows
https://farside.co.uk/?p=1518 
https://blog.coinshares.com/volume-217-digital-asset-fund-flows-weekly-report-02c0bf3c093d 


00:11:19 Trump Memecoin
https://x.com/realdonaldtrump/status/1880446012168249386 


00:14:10 Melania Token
https://x.com/MELANIATRUMP/status/1881087523847593995 


00:20:53 World Liberty Financial Bids
https://x.com/worldlibertyfi/status/1881457386671464804 


00:26:06 Ross Ulbricht Freed
https://x.com/WatcherGuru/status/1881932492170760674 


00:31:08 Politics and Agencies
https://x.com/DegenerateNews/status/1881760858508062898 
https://www.sec.gov/newsroom/speeches-statements/departure-gensler-012025 


00:35:53 Brian Armstrong Expectations
https://x.com/AltcoinDailyio/status/1880348843772113061 


00:40:15 Trump Effect Kicking In
https://x.com/BitcoinMagazine/status/1880299698038493400 
https://x.com/Cointelegraph/status/1881688751602286740 


00:47:35 What’s Going On In The EF?
https://x.com/vitalikbuterin/status/1880635379771904423 
https://x.com/VitalikButerin/status/1880723497393201460 


00:56:19 EF Leadership Drama
https://x.com/dannyryan/status/1879705279761178690 
https://x.com/VitalikButerin/status/1881680518934384676 


01:06:37 SEC Charges Digital Currency Group
https://x.com/tier10k/status/1880299710495486365 


01:07:25 Circle Introduces USDC Paymaster
https://x.com/circle/status/1882428077537386502 


01:07:41 Phantom Raised $150M Series C
https://x.com/phantom/status/1880018917068009527 

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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 where we cover the weekly news, drama, and developments in the crypto space.

0:08.4

This week is the fourth week of January.

0:10.4

And today on the show, I have the pleasure of being joined by Eric Conner, former ETHMAXE and now Crypto AI Bull to help me go through the weekly news with me.

0:18.6

Eric, really happy to have you, my man.

0:19.9

How are you doing?

0:20.7

Hey, David. Good. It's been a minute since we've recorded anything. But yeah, I've been well.

0:25.4

Thanks for having me on. I know that people were a little bit of drama this past week, but just

0:30.0

wanted to be clear. David and I had, David had reached out to me well before that to help kind of fill in on one of these roll-ups. And I said, yeah, of course, it's been a little bit.

0:38.2

So I don't think I've recorded anything podcast-wise for a few months now. So excited to be back at it and

0:43.6

chat with you. Yeah, well, podcasting is like riding a bicycle. You know, you never really get off

0:48.5

the bicycle. You always know how to do it. So let's go ahead and get right into it. We'll talk about, we'll address some of that drama later in the show. But first, before we get to that drama, we're going to talk about Trump. Trump bursting through the doors of the Oble Office with a bang, drops a $50 billion meme coin that sends Solana soaring. He also kept his promise with pardoning Ross Oldbrick, and really just kind of has the crypto industry edging for what he does next.

1:12.0

Then the Trump's second order effects are also underway. Gary Gensler is out.

1:15.8

Hester Purse has launched an SEC crypto task force to write all the wrongs that the SEC has done over the last four years.

1:22.6

A U.S. court lifted OFAC tornado cash sanctions and Bank of America has signaled their readiness to accept

1:29.4

crypto into their bank. And lastly, drama in the Ethereum ecosystem. There's been some tension

1:34.5

over the role and direction of the Ethereum Foundation. It's kind of reached a boiling point

1:38.1

on Twitter in the last week. Vitalik is pretty fired up. He put on a Malady PFP and is going

1:43.5

toe to toe with some long

1:44.8

Ethereum community members. And then a second Ethereum Foundation was launched. I'm confused

1:49.9

about the details. So I'm going to ask Eric all about that. Before we get into all of that and more,

1:54.3

a message from our friends and sponsors over at ZeroX, the OG builders building critical

1:58.6

defy infrastructure since 2017. They are now introducing 0x

...

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