ROLLUP: $300M DeFi Hack Fallout | Arbitrum Freezes Funds | AI Deflation Debate | Productive ETH
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 24 April 2026
⏱️ 68 minutes
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| 0:00.0 | Bankless Nation, it is the fourth week of April, time for the Bankless Weekly Rollup. |
| 0:09.0 | We got the most consequential defy hack, I think, in history. |
| 0:13.0 | Yeah, big words. I think they're true. |
| 0:16.0 | I think they're true because there was so much fallout. |
| 0:19.0 | It reverberated all around crypto and all around |
| 0:22.7 | DeFi, including our later twos. A lot of questions were raised. This was a $300 million |
| 0:27.2 | hack. We'll talk about who's to blame. Was Arbitrum right to freeze some of the funds? |
| 0:33.2 | And what does this mean for DeFi and for the rest of crypto? |
| 0:36.7 | Zooming out to all the markets, still bullish, still all-time highs in equities just last week. |
| 0:42.1 | Can that be sustained? |
| 0:43.8 | We're also going to be learning a little bit more about Fed chair, incoming Fed chair, Kevin Warsh, |
| 0:47.9 | and what he believes about AI and how it is going to be factored into Fed policy. |
| 0:54.4 | It's interesting to have a Fed chair thinking about how the Fed as an institution will need to adapt to the AI world. |
| 1:01.6 | And then also, we've got, according to the words of my co-host, and also me, the best eth thesis sends ultrasound money and the triple point asset. We're on to a new one. Yes. Productive money. The best ETH thesis sends ultrasound money and the triple point asset. |
| 1:11.5 | We're on to a new one. Yes. Productive money. The best case for E's. We're going to talk about this whole thesis and why we think it's the best. Oh, yeah. Productive money. There you go. Also, if we get to the end of this and we still have some time, David, I'm going to get into a rant. Ryan's got a rant. Yeah. It kind of feels like the U.S. government is trying to K.C., as know your customer, all of our devices. |
| 1:33.9 | There's some bills I want to talk about. |
| 1:35.9 | I feel like the surveillance state is the final boss here. |
| 1:39.5 | What does that mean? |
| 1:40.0 | I need to link my driver's license to my iPhone? |
| 1:44.1 | Yes. And have that registered with the state. Not just your iPhone, like your MacBook, you're like any device. Anything connected to the internet? I think we got to talk about this and what's at stake if we lose this battle because it's not great. But let's get bullish for a minute. And let's look at the market. So David, I know you love sharing your screen. You love showing me some charts. I've taken over the charting section of the weekly roll-up six years into the bankless podcast and finally figured out that David. What do you want to show me? David should do the charts. Oh, we are looking at the S&P, which is at all-time highs again for the second week in a row. |
| 2:17.6 | Last week, we were right above 7,000 at like 720 points. |
| 2:22.7 | We're now 7,100 in the S&P, and so the equities continue to look good. |
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