ROLLUP: Downtober Drags | Tempo Poaches Dankrad | Coinbase Buys Echo | Gold Surge! | Fed Access

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 24 October 2025

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Downtober drags on… but not all is bearish. On this week’s Weekly Rollup, Ryan and David break down why sentiment feels cold despite strong BTC, and the three ways this cycle could play out. Plus, gold is ripping! Can crypto catch up? We also cover Dankrad’s jump to Tempo, Coinbase’s Echo deal, Polymarket’s NHL play, the Fed’s potential FedWire opening, and the AI trading showdown. ------ 📣BANKLESS SUMMIT 2025 | SPONSORED BY M0 https://bankless.cc/devconnet-2025 https://bankless.cc/m0 ------ BANKLESS SPONSOR TOOLS: 🪙FRAXNET | MINT, REDEEM, EARN https://bankless.cc/fraxnet 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR L2 NETWORK https://bankless.cc/Mantle 🌳KGEN | REQUEST A DEMO https://bankless.cc/KGEN-podcast 💠BIT DIGITAL ($BTBT) | ETH TREASURY https://bankless.cc/bit-digital We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors ------ TIMESTAMPS & RESOURCES 0:00 Intro 4:00 Markets https://x.com/QuintenFrancois/status/1980893883161882974 https://x.com/VentureCoinist/status/1979622508732276761 https://x.com/QuintenFrancois/status/1980935843763150926 https://x.com/cryptogucci/status/1981367758278578590 https://x.com/qthomp/status/1981040936890081390 https://x.com/qthomp/status/1981044811894550678 https://x.com/FinFreedom414/status/1980614441315033342 https://x.com/VentureCoinist/status/1979622508732276761 https://x.com/JasonYanowitz/status/1980620067315282091 https://x.com/Barchart/status/1979149096700031112 https://x.com/Barchart/status/1981195191110574116 https://x.com/KobeissiLetter/status/1980994433849135340 https://x.com/KobeissiLetter/status/1980994455328149603 https://x.com/elerianm/status/1976244432317096373 https://www.visualcapitalist.com/central-banks-now-hold-more-gold-than-u-s-treasuries/ https://x.com/charliebilello/status/1979553653393383654 https://x.com/KobeissiLetter/status/1979563634805133590 https://x.com/charliebilello/status/1979542689977667913 https://x.com/BTC_Archive/status/1980614921357283448 25:04 Trump Pardons CZ https://x.com/WSJ/status/1981377689270231336 https://www.wsj.com/finance/currencies/trump-pardons-convicted-binance-founder-7509bd63?mod=hp_lead_pos2 https://x.com/cz_binance/status/1981404850832494666 30:19 Dankrad is moving to Tempo https://x.com/dankrad/status/1979133618254405775 https://x.com/AggrNews/status/1979220336680833433 https://x.com/TrustlessState/status/1979900912903586286 https://x.com/EffortCapital/status/1979158689605882109 https://x.com/ethereumJoseph/status/1980279130638672175 39:04 The Fight for Bitcoin’s Soul - Neutral blockspace or Bitcoin only https://x.com/BitMEXResearch/status/1978545931600511157 https://www.bankless.com/read/bitcoins-nft-schism-is-intensifying https://x.com/VitalikButerin/status/1978643578328137883 https://x.com/RyanSAdams/status/1979188770747408728 48:25 Coinbase bought Cobie’s Echo https://x.com/cobie/status/1980579379244855384 https://x.com/A_Leutenegger/status/1980589269891837972 https://x.com/TheEylon/status/1981405829010956687 https://x.com/CryptoKaleo/status/1980385803630227570 https://x.com/brian_armstrong/status/1981410026746261971 53:41 Polymarket announces they’re the Official Prediction Market for the NHL https://x.com/shayne_coplan/status/1981016949309239616 https://x.com/Kalshi/status/1980976183241240858 https://x.com/TrustlessState/status/1981024439887151337 https://x.com/zoomerfied/status/1981010074093969831 56:57 OpenSea wants to become “trade everything” app https://x.com/dfinzer/status/1979200646763929835 58:45 FED is going to give crypto companies direct access to its Fedwire https://www.theblock.co/post/375513/waller-signals-feds-shift-toward-embracing-crypto-proposes-skinny-master-account-for-payment-innovators https://x.com/CoinDesk/status/1980728462022529203 https://polymarket.com/event/who-will-trump-nominate-as-fed-chair?tid=1761236821603 https://www.therage.co/us-btc-forfeiture/ https://x.com/francispouliot_/status/1978129578754191580 1:04:04 AI models entered a trading competition https://x.com/jay_azhang/status/1979312946154033227 https://nof1.ai/ https://nof1.ai/leaderboard https://www.youtube.com/watch?v=fijrhqJ88Sc&t=457s 1:06:30 RSA excited about AI - give your AI a wallet to spend with x402 https://x.com/CoinbaseDev/status/1981064709555310825 https://nexus.thirdweb.com/ https://x.com/RyanSAdams/status/1980985187484758401 1:08:33 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 third week of October.
0:08.1	Down tober, I should say, and it's continued on the week.
0:11.6	No, actually, no.
0:12.9	Bitcoin, up 2% on the week.
0:15.3	Really?
0:15.8	Up 2% on the week.
0:17.2	Bitcoin's at $11,000, which is not a cheap Bitcoin.
0:21.1	You know what? And ether up a whopping 0.2% on the week. Bitcoin's at $11,000, which is not a cheap Bitcoin. You know what?
0:21.5	And ether up a whopping 0.2% on the week.
0:24.9	All right.
0:25.3	So we're already doing prices.
0:27.2	How come it feels like down tober?
0:29.5	How come it feels bad?
0:30.5	Yeah.
0:30.7	How come it feels bad on the week?
0:32.8	I mean, I think the new numbers that are bad are like Bitcoin below like $14,000, and ether below $4,000. Yeah. That's a new feel bad level. That's why. Okay. That's why. All right. Well, we'll talk about that. Heedonic adaptation, you know? Yes. I'm not feeling great about these prices, but you're saying they're up on the week. They are technically up on the week. We're going to talk about three ways this cycle could play out. Two of those ways, David, are bullish.
0:57.4	So there's still some of hoping. but you're saying they're up on the week. They are technically up on the week. We're going to talk about three ways this cycle could play out.
0:55.7	Two of those ways, David, are bullish. So there's still some hope in the air. Also, a big question. Gold's been on a tear. Can crypto catch up? We'll talk about that. What else we got? Ethereum loses the EF researcher, Donkrad Feist to Tempo. that's a Stripe's new thing.
1:11.0	So the Ethereum community has
1:12.5	kind of a split among it.
1:14.3	So I'm just, you know, donkrad feist to tempo. That's a, uh, uh, Stripe's new thing.
1:29.6	Uh, so the Ethereum community has kind of a split among it. Uh, so I'm just, you know, thanking Dankrad, wishing them well. Like, thank you for all your contributions. As in others, a little salty. A little salty. A little mixed bag. And it's kind of hard to tell what the real reaction are. It's also hard to tell which chains are Ethereum's friends versus Ethereum's competitors.
	...

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