ROLLUP: Circle’s $25B IPO Mania | Genius Act Passes? | Stripe Buys Privy | Polymarket Meets Twitter

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 13 June 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Ryan and David unpack Circle’s stunning IPO debut, soaring to a $25B market cap and triggering Wall Street’s stablecoin frenzy. They break down the landmark Genius Act vote, bringing unprecedented regulatory clarity to stablecoins, and dive into Stripe’s latest crypto bet, acquiring wallet innovator Privy. Polymarket goes mainstream in an official integration with Twitter, while SEC Chair Paul Atkins embraces DeFi as fundamentally American. Plus, Gemini quietly files for IPO, Plasma’s billion-dollar Tether chain ignites, and Trump unexpectedly endorses crypto at Coinbase. ------ 📣LIMITLESS | SUBSCRIBE & FOLLOW https://pod.link/1813210890 https://x.com/LimitlessFT 📣BANKLES JOBS | COME WORK WITH US https://x.com/i/jobs/1929889475783520481 https://x.com/i/jobs/1929890683927638133 https://x.com/i/jobs/1915861900677812658 ------ 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 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS & RESOURCES 0:00 Intro 3:59 Markets https://x.com/KobeissiLetter/status/1932526577897595233 https://x.com/rovercrc/status/1930951805191778369 https://x.com/hosseeb/status/1931457548760334723 https://x.com/elonmusk/status/1932695486684950962 https://x.com/DavidShapiro98/status/1932696393937785058 https://x.com/blknoiz06/status/1932072994731647435 https://x.com/nypost/status/1933109968510550430 15:02 US Senate is about to pass the GENIUS Act https://x.com/Cointelegraph/status/1932988965037978084 https://x.com/intangiblecoins/status/1932868994165354703 https://x.com/SenatorBennet/status/1932864987208249597 https://x.com/SenWarren/status/1932858887482507604 https://www.banking.senate.gov/imo/media/doc/20250611_warren_blumenthal_letter_to_meta_re_stablecoin.pdf https://x.com/RyanSAdams/status/1932877097623588922 27:35 Did Circle kickoff Stablecoin Summer? https://www.tradingview.com/chart/?symbol=NYSE%3ACRCL https://x.com/MikeIppolito_/status/1932070226939810164 https://x.com/TaikiMaeda2/status/1929538665560031641 https://x.com/RyanSAdams/status/1932424510738673711 https://x.com/PlasmaFDN/status/1932072359080415702 https://www.barrons.com/articles/circle-ipo-crypto-retail-frenzy-06659b30? https://x.com/perkinscr97/status/1931032964349276313 39:54 Stripe acquired Privy https://x.com/privy_io/status/1932816495719166167 https://x.com/patrickc/status/1932817864450584939 42:41 Polymarket became official prediction market of X! https://x.com/xai/status/1932481207180406923 https://x.com/shayne_coplan/status/1931008087688614155 44:50 Morpho Labs will be soon fully owned by MORPHO token holders https://x.com/PaulFrambot/status/1930971485142761909 https://youtu.be/IJN_pgkKPjA?si=963i8GioANnNoVAR https://x.com/MorphoLabs/status/1933162070465208423 49:17 Paul Atkins defended DEFI as the foundation American values https://x.com/SECGov/status/1932137708068970924 https://x.com/SECGov/status/1932137708068970924 53:15 World Liberty Financial will acquire TRUMP for its treasury https://x.com/EricTrump/status/1931089248926490772 https://x.com/coinbase/status/1932836009034617183 54:38 Closing & Disclaimers 55:13 Moment of Zen https://x.com/BitcoinMagazine/status/1933172630099837134 ------ 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 June. It's time for the bankless weekly roll-up.
0:08.1	We got Stripe buying another crypto company. We also have, David, I know you're going to love hearing this.
0:13.8	Stablecoin summer is in full swing. Do you know how many times I've seen Stablecoin summer on my feed this last week?
0:20.0	It was a solid like four times from people all across crypto Twitter. What can I say? You heard it here first.
0:26.2	All right? This is where the narratives are born. We got the Genius Act votes. We've got circle
0:30.4	pumping. We've got every bank in America, it seems like, talking about issuing a stable coin.
0:35.8	And there's a whole bunch of other tokens.
0:42.2	I think people should pack on staple coin summer. I've got some takes on what that might be.
0:45.8	David, I want to hear yours as well. And outside of the world of stable coins,
0:50.2	Polymarket and X have an official partnership, which is probably, I think, one of the most mainstreaming things I've ever heard come out of crypto. So the polymarket prediction market
0:55.5	directly integrated into Twitter. And then we also got the SEC chair, Paul Atkin, saying
1:00.3	defy is as American as Apple Pot, which, wow. That exact quote. Music to my ears. That's incredible.
1:09.5	It's also the year of the IPO, David, 2025. I think
1:13.4	that's what's going to, it's going to be remembered by. So who is next on the IPO list? And finally,
1:18.8	we got Trump making an unexpected appearance at the Coinbase conference. He has a few words.
1:24.2	We're going to share that at the end. Ryan, did you, so the Limitless podcast where we now do the AI roll-ups, if anyone's
1:29.9	curious as to where the AI roll-ups on Banclos went, it went on to the Limitless podcast.
1:33.9	Do you catch that one this morning?
1:35.2	Oh, yeah.
1:35.6	I catch it every, like, it's the first thing I do on Thursday mornings.
1:38.7	This is the second thing I do, but that's the first thing. I listen to it on Spotify so people can get it there. They can also get it on YouTube.
1:44.8	Okay. What's the common consensus take about Apple's WWDC that you hear on Twitter? What is it? Everyone is sad about it. Everyone thinks Apple missed the boat on AI completely and they flubbed it. They flubbed ball okay so one of our host josh is a huge
	...

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