ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Bankless

Technology, Tech News, News

4.7 • 1.2K Ratings

🗓️ 5 June 2026

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin is bleeding, STRC is off peg, and Saylor’s “never sell” machine is facing its first real confidence test. David and Haseeb unpack whether Strategy can survive without selling BTC, why Bitmine’s ETH play may be stronger but riskier, and what select token strength, U.S. perps, and Coinbase’s Ethena deal reveal about crypto’s next phase. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🧭OKX | TRADE, EARN, PAY to OKX | 120M+ USERS WORLDWIDE https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless --- TIMESTAMPS & RESOURCES 0:00 Intro 1:37 Saylor & Strategy Confidence Test https://x.com/zerohedge/status/2061418482344849785 https://x.com/KobeissiLetter/status/2062475802252365980 https://x.com/glxyresearch/status/2062518531128746000 https://x.com/TrustlessState/status/2062499179239215390 13:26 DATs Underwater & Bitmine Preferred Offering https://x.com/lookonchain/status/2062011412965405059 https://x.com/zoomerfied/status/2062288919853490553 34:19 Major Weakness & Select Token Strength 40:45 U.S. Perps Get Greenlit https://www.coindesk.com/policy/2026/05/28/u-s-cftc-opens-crypto-perp-door-with-approval-of-first-regulated-firm 53:41 Coinbase Invests in Ethena https://www.theblock.co/post/403403/coinbase-invests-ethena-open-market-purchase-ena-flags-new-partnership 57:13 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	Welcome to the Bankless Weekly Roll Up. It's the first week of June, and we've got Hasib on the show,
0:08.5	subbing in for Ryan this week. Haseeb. How you doing?
0:12.3	You're okay. It's kind of a rough day, but, you know, hanging in there.
0:15.7	Rough day because of the markets?
0:17.9	Rough day because of the markets. I'm just seeing all the bleeding.
0:21.7	I mean, obviously, you know, I think it's okay.
0:25.4	I think it's going to be okay.
0:26.5	But it sucks to see so many people kind of down and hurting.
0:30.5	Yes.
0:31.5	Is this different than any of the times in the past?
0:34.5	I think what you're saying is like, eh, this happens.
0:36.8	This is what we go through in happens. This is what we go
0:38.2	through in crypto. This is par for the worst. If you're in crypto, you've been in this industry for a long time, you know, being down 4% in a day is not catastrophic. I think we were feeling a bit of a sentiment reversal. It's like, oh, okay, we're pulling out of this. It seems that we're going to shake it off. And it's like, no, you're not out of it yet. So I think people
0:57.7	are feeling that pain. That's right. We're going to talk about a handful of things on the podcast today. Is Michael Saylor going to kill Bitcoin? Bitcoin is trading at its 200-week moving average, while Stretch is trading off of its peg.
1:10.1	Sailor is in the middle of a confidence game with a market.
1:12.6	We'll see whose wins.
1:14.0	Tom Lee and Bitmine? while Stretch is trading off of its peg. Sailor is in the middle of a confidence game with a market.
1:12.6	We'll see whose wins.
1:14.1	Tom Lee and Bitmine have announced that they're going to issue an equity yield instrument
1:17.5	right in the middle of Stretch being distressed.
1:21.1	We're going to talk about whether that's a good idea or not.
1:23.3	Despite the weakness and the majors of crypto, some tokens are still very green on the week.
	...

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