ROLLUP: $120 Oil vs New Highs | AI Boom Masks War | IPO Top Signal | DeFi Bailout

Bankless

Technology, Tech News, News

4.7 • 1.2K Ratings

🗓️ 1 May 2026

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets are ripping despite $120 oil and an escalating war. Ryan and David break down why the AI boom is drowning out macro risks, whether a wave of trillion-dollar IPOs could mark the top, and how DeFi just bailed itself out after its biggest hack ever. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | Get your 30-day access to Wealth Club Premier https://bankless.cc/nexo --- TIMESTAMPS & RESOURCES 0:00 Intro 2:28 Oil War & $120 Oil Crisis https://x.com/pete_rizzo_/status/2049589290326212768 https://x.com/KobeissiLetter/status/2049713857728524691 https://x.com/KobeissiLetter/status/2049534394302394603 https://x.com/Rory_Johnston/status/2049834460233756744 https://x.com/KobeissiLetter/status/2048593172423495858 https://x.com/charliebilello/status/2049613424749838445 https://x.com/KobeissiLetter/status/2048461842540834913 https://x.com/biancoresearch/status/2049598646648181221 https://tether.io/news/tether-supports-freeze-of-more-than-344-million-in-usdt-in-coordination-with-ofac-and-u-s-law-enforcement/ https://x.com/AggrNews/status/2047711619304587602 https://x.com/SecScottBessent/status/2049281442451001711 16:46 Markets Rally vs Reality (AI Boom) or AI Bubble & IPO Top Signal https://x.com/KobeissiLetter/status/2049165243100827821 https://x.com/KobeissiLetter/status/2049149137292001672 https://x.com/NoLimitGains/status/2049213286311436597 https://x.com/shiri_shh/status/2049040515107270751 https://x.com/Shaughnessy119/status/2049228075766788402 https://x.com/IvayloPashov/status/2049475041113378909 https://x.com/realarmaansidhu/status/2047080574737592798 27:22 Fed, Powell, Rising Inflation, Bitcoin Narrative & National Security https://x.com/EdwardLawrence/status/2049583458393980995 https://x.com/firsttohearit/status/2049574617665c114570 https://x.com/KobeissiLetter/status/2049551229349511663 https://www.cnbc.com/2026/04/29/jerome-powell-says-he-will-continue-to-serve-as-a-fed-governor-even-after-chairmanship-ends-.html https://x.com/KobeissiLetter/status/2049609008399503750 https://x.com/pete_rizzo_/status/2049589290326212768 https://x.com/TFTC21/status/2049135996654981459 36:59 MegaETH Launch https://x.com/megaeth/status/2047352341473505435 https://cryptobriefing.com/megaeth-token-generation-event-set-for-april-30-2026/ https://x.com/bread_/status/2049870525779128345 https://dexscreener.com/megaeth/0x5fb29184c49546c13a14a3958f21e5759f0821f2 https://x.com/bubblemaps/status/2049874252153618436 https://www.youtube.com/watch?v=g4YI5u-hZJo 40:33 DeFi Bailout (KelpDAO → DeFi United) https://defiunited.world/ https://x.com/StaniKulechov/status/2047413237113868576 https://x.com/aave/status/2048189931856535887 https://x.com/CoinDesk/status/2049290843677151501 https://x.com/aave/status/2048958367658332413 https://x.com/jussy_world/status/2049534154488840259 48:30 Polymarket Insider Trading Case https://www.justice.gov/opa/pr/us-soldier-charged-using-classified-information-profit-prediction-market-bets https://www.bbc.com/news/articles/clyxd5wrr0wo https://www.wsls.com/news/national/2026/04/28/us-soldier-charged-with-using-intel-to-win-400k-on-maduro-raid-to-appear-in-court-in-nyc/ https://x.com/shayne_coplan/status/2047712706342326496 51:27 “Code Is Not a Crime” vs Reality https://cointelegraph.com/news/acting-ag-blanche-signals-doj-pivot-code-is-not-a-crime https://x.com/Cointelegraph/status/2048834708088267256 https://www.therage.co/blanche-vegas/ https://x.com/valkenburgh/status/2048846522347884669 https://x.com/rstormsf/status/2049157683916464278 55:45 Stablecoins Go Mainstream (Visa + Meta) https://investor.visa.com/news/news-details/2026/Visa-Accelerates-Stablecoin-Momentum-Adding-Five-Blockchains-for-Settlement/default.aspx https://www.coindesk.com/business/2026/04/29/tech-giant-meta-starts-paying-some-creators-in-stablecoin-with-stripe-s-support https://x.com/dwr/status/2049551855991308387 58:50 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Transcript

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0:00.0	Bankless Nation, it is the last week of April, 26.
0:07.7	Time for the bankless weekly roll-up.
0:09.7	We got oil prices at their highest level yet, at least since the start of this war.
0:14.9	There's signs of an indefinite blockage on the Strait of Hormuz.
0:19.9	Rock in a hard place. Yeah. Rock in a hard place.
0:21.0	Yeah, rock in a hard place.
0:22.4	We're going to talk about that and where oil price is going.
0:25.1	Despite all of the turmoil in the Middle East, which does not show any signs of wrapping up, markets are going up.
0:31.2	S&P at the time of recording is at all-time highs.
0:34.1	It just printed its best month since 2020.
0:38.9	We are on the last day of the month at the day of recording. So we have the turmoil in the Middle East on one side. We have the
0:44.1	AI boom on the other side. One of these things, at least in the equities market, is clearly
0:49.5	winning. And then also that is leading into the three biggest IPOs in history all come in into the market in the next six months.
0:57.7	Could that mark the top?
1:00.0	I think it's at the top.
1:01.5	I think it could.
1:03.2	We're going to talk about whether that's the top or not.
1:05.2	Also, Powell is now out.
1:07.3	This was his last FOMC meeting.
1:09.2	He had some dissent on the committee as the most divided
1:12.4	FOMC votes since 1992. We'll talk about that. And as he was walking out, he said, I won't see you
1:18.2	next time. And then he announced he's actually not leaving. But this means he doesn't do the meetings
	...

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