ROLLUP: $3B ETH Whale | Roman Storm Verdict | Trump 401(k) Crypto Order

Bankless

Technology, News, Tech News

4.7 • 1.2K Ratings

🗓️ 8 August 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Weekly Rollup, Ryan and David cover Tom Lee’s $3B ETH buying spree at 12x Michael Saylor’s pace, the race to become the top Ethereum treasury, and whether these companies are a buy or not. They also discuss the Roman Storm verdict, Trump’s surprise $8.7T 401(k) crypto order, and Arthur Hayes selling millions in ETH. Plus, Base’s 33-minute outage, the launch of Succinct’s ZK prover network, and the SEC declaring liquid staking tokens are not securities. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle --- TIMESTAMPS & RESOURCES 0:00 Intro 6:17 Markets https://www.cbsnews.com/news/jobs-report-today-july-2025-economy-tariffs-trump-doge/ https://x.com/CryptoHayes/status/1951510939469292023 https://x.com/EricBalchunas/status/1952346941523701954 https://x.com/MitchellHODL/status/1948779978579214777 https://x.com/cburniske/status/1953240847669182937 13:05 Tom Lee becomes the largest crypto holder https://x.com/WhaleInsider/status/1952386215975469242 https://www.tradingview.com/chart/1CDu50yK/?symbol=AMEX%3ABMNR https://x.com/RyanSAdams/status/1952386046206890262 https://youtu.be/iClsnZ1KYSk?si=Ko99PtLiTCiJ_Q-O https://x.com/fabdarice/status/1953110071493439604 https://www.strategicethreserve.xyz/ https://x.com/NateGeraci/status/1953272814422937941 https://blockworks.co/analytics/treasury-companies/market-data https://www.theblock.co/post/365645/mei-pharma-litecoin-treasury-strategy-charlie-lee-gsr 25:31 Roman Storm’s case came to the end https://x.com/SDNYnews/status/1953196594876301702 https://x.com/valkenburgh/status/1953149843565605015 https://x.com/katiebiber/status/1953235191893549123 https://x.com/jchervinsky/status/1953142247504908496 https://x.com/RyanSAdams/status/1953147290165641407 https://www.youtube.com/watch?v=zfKSKz3Kafk 36:10 Executive order - crypto in your 401k https://watcher.guru/news/trump-to-sign-order-allowing-crypto-in-401k-retirement-plans 41:20 Base halted block production for half an hour https://x.com/jessepollak/status/1952785312767459709 https://x.com/TrustlessState/status/1953129400087572524 45:22 Succinct Prover Network is live! https://x.com/pumatheuma/status/1952836524808257580 https://www.coingecko.com/en/coins/succinct 49:00 SEC said LSTs are not securities https://x.com/RebeccaRettig1/status/1952780309876867200 https://x.com/jespow/status/1952833684392034404 50:23 Metamask is about to launch its stablecoin https://x.com/AggrNews/status/1952821245814182346 51:41 Barry Silbert returns to Grayscale as chairman https://x.com/BarrySilbert/status/1952460252571468187 52:29 China said Worldcoin-style iris data collection are national security threat https://www.theblock.co/post/365752/chinese-security-ministry-flags-iris-national-threat https://x.com/BanklessHQ/status/1947265308416229745 55:43 Coinbase Ad was banned in the UK https://x.com/brian_armstrong/status/1952152928044847477 https://www.theguardian.com/politics/2025/aug/04/george-osborne-uk-cryptocurrency-boom-left-behind 58:02 Closing & Disclaimers 58:11 Moment of Zen https://x.com/coinbase/status/1950843893240496564 --- 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 is the second week of August is time for the Bankless Weekly Roll-Up.
0:08.0	David, I declare this is Tom Lee Week at Bankless, all right?
0:12.1	Why is it Tom Lee Week?
0:14.0	Tom Lee just became the number one largest Eath holder, at least that we know about.
0:20.1	That happened on the week.
0:21.3	He's got almost a million, not a million dollars worth, a million in supply of Eif.
0:26.0	That's like $3 billion.
0:27.4	We've got to talk about how he got that.
0:29.6	Well, if I own ticker B MNR, then I am a shareholder of the entity that holds the largest amount of Eath.
0:37.9	Yes.
0:38.4	Is that hypothetical?
0:39.1	So me and Tom Lee combined own $3 billion of Eath, something like that.
0:44.9	Wow.
0:45.5	Wow.
0:46.0	I didn't know I was speaking with such a whale here.
0:49.2	Do you actually own some BNMR?
0:51.2	No, I don't.
0:52.4	But not for any particular reason. I just kind of have, other than just like looking at the different leadership of all the East Treasury companies, I don't really have any other way to really like differentiate between the two. Yeah. I know that I know I'm pretty sure that there are material differences, but they don't broadcast their secrets. Like remember in the episode of Tom Lee?
1:11.3	I was like, so Tom Lee, like, what strategies do you employ to that?
1:14.4	And he's like, David, these are inappropriate questions.
1:17.6	Yeah, these are inappropriate.
1:19.6	Step back.
	...

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