ROLLUP: ETH ATH! | U.S. Gov Onchain GDP | Google’s L1 | Hyperliquid Prints | EU Digital Euro?

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 29 August 2025

⏱️ 66 minutes

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Summary

On this week’s Weekly Rollup, Ryan and Haseeb debate if ETH’s new all-time high signals the top or just the start, with whales rotating from BTC into ETH and alt season heating up. Powell hints at rate cuts, ETFs keep pulling billions, and Tom Lee’s billion-dollar ETH bet takes center stage while treasury premiums sink. Meanwhile, Google teases an L1, Hyperliquid outpaces Robinhood, and Europe floats a digital euro, setting up another pivotal week in crypto. --- 📣RONIN “ONCHAIN NINTENDO” | DOWNLOAD THE RONIN WALLET https://bankless.cc/RoninWallet --- 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 0:38 Big Sean Crypto https://x.com/altcoindaily/status/1960753873376961031 3:20 Powell’s speech last week https://www.nbcnews.com/business/economy/powell-opens-door-potential-rate-cut-speech-jack https://x.com/FinanceLancelot/status/1958934829082583312 https://x.com/Cointelegraph/status/1958907551442993491: https://x.com/charliebilello/status/1958910251819786478 https://x.com/AnnaEconomist/status/1958923556680536487 9:10 Markets https://x.com/JSeyff/status/1959982000804442559 https://x.com/BanklessHQ/status/1958941150041317514 https://x.com/speculatorart/status/1960322107864141966 https://www.coindesk.com/markets/2025/08/25/bitcoin-flash-crash-triggers-usd550m-in-sunday-l https://x.com/JacobKinge/status/1959724849598718428 https://x.com/lookonchain/status/1958767845934080277 https://x.com/woonomic/status/1960442328604200987 24:53 HYPE Crushing it - competitive with major exchanges https://x.com/cointelegraph/status/1960379396927213990 https://blockworks-research.beehiiv.com/p/is-hype-still-cheap-8541fea8eaae3e65 https://x.com/infinitybanyan/status/1960373080389304611 34:55 SOL DATs are coming - 3 of em! https://x.com/matthew_sigel/status/1959942140500365564 https://x.com/SolanaFloor/status/1959948823280619558 https://decrypt.co/336832/pantera-capital-eyes-1-25b-raise-solana-treasury-firm https://panteracapital.com/blockchain-letter/dat-value-creation/ https://mcga.com/news/trump-media-group-cro-strategy-to-acquire-cro-digital-asset-treasury https://blockworks.co/analytics/treasury-companies/market-data 42:01 Google is building its L1 https://www.linkedin.com/posts/rich-widmann-a816a54b_all-this-talk-of-layer-1-blockchains-has-activity-7366124738848415744-7idA/ 49:35 US GOV - will publish GDP figures onchain! https://www.youtube.com/watch?v=cbEPqUdelFo https://blog.chain.link/united-states-department-of-commerce-macroeconomic-data/ https://x.com/Cointelegraph/status/1961067983800881224 https://x.com/krakenfx/status/1961081675175149795 https://etherscan.io/address/0x36ccdf11044f60f196e981970d592a7de567ed7b#code https://docs.chain.link/data-feeds/us-government-macroeconomic/addresses?page=1&testnetPage=1 51:41 The EU may release a Stablecoin on a public chain - Ethereum or Solana https://x.com/DefiIgnas/status/1958754787345727712 https://app.rwa.xyz/stablecoins https://www.reuters.com/business/finance/china-considering-yuan-backed-stablecoins-boost-global-currency-usage-sources-2025-08-21/ 56:45 Kanye West released $YZY https://x.com/kanyewest/status/1958346810801697237 https://x.com/CryptoHayes/status/1958356982991401006 https://x.com/lookonchain/status/1958355708010975580 https://x.com/JamesWynnReal/status/1958383968945831940 59:43 DOJ announced that it won’t bring charges against non-custodial developers https://x.com/BanklessHQ/status/1958645825732501566 1:04:51 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 Station, it is the last week of August. Time for the Bankless Weekly Rollup. We've got David out. We've got Haseeb Koreshi filling in from Dragonfly Capital. Hasib, how you doing, man? Doing good. Good to see you. You know what? To get us in the mood for the Bankless Weekly Rollup, I want to play you this clip and see if you can identify. This is Big Sean. Okay? you ready for this?
0:00.9	I'm ready.
0:23.3	Crypto and if it is one time that I'm going to say this, this is not, you're not too late
0:28.4	investing crypto right now. Tonight if you can, like do that shit tonight. You're going to get
0:34.4	a return from it. You know, Bitcoin is a good one, Ethereum. What's the other one you said? What's the other one you said? Ripple. Invest in that, I'm telling you all right now, this is a- Ripple. Do it tonight. It's about to go up. You know, I think it's about to go up. It's not like I got a little bit.
0:56.1	I think it's about to go up.
0:57.1	Well, there you go, Haseeb.
0:58.2	I could not have said it better.
0:55.3	I think it's about to go up. Not too sure. Do you hear the crowd, though? They're like, XRP, XRP. That's where the XRP holders are, man. I did hear a little bit of a laugh when he was like, I think it's going, what's the other one that's going to go up?
0:57.2	You were telling me about it earlier.
1:11.0	It's like, oh, so this good, what's the other one that's going to go up?
1:12.9	You were telling me about it earlier?
1:10.7	It's like, oh, so this is like your bro is telling you this? Yeah, yeah, good stuff. Yeah, yeah. Anyway, you know what? It must be bull season when you got Big Sean yelling it from the stage. Actually, yelling out tickers like Bitcoin and Eith. We got a lot to cover today. So, number one, Eath reached an all-time high last week, okay?
1:29.2	That's after almost four years. One in ETH. We got a lot to cover today. So, number one, ETH reached an all-time high last week, okay?
1:35.4	After almost four years, four years, we've been waiting for this. So thanks to Tom Lee for that.
1:40.9	Also, the U.S. government is putting GDP on the blockchain. What the heck is that about? Is that cool?
2:22.2	I don't even know what to think. Also, Google has announced they're credibly neutral, planet scale, layer one, and they announced it on LinkedIn, Haseeb. Okay, I went on LinkedIn. I'm never there, but I had to go scope this out. So we're going to talk about that. Hyper liquid, printing money. I want you to tell me what you think about this. Like, it's a lot of revenue. I don't know if it's a buy. I don't know what to do at this point. And also, the EU is considering a digital euro. And they said on a public blockchain, they said Ethereum. They said maybe Solana. They're not sure yet. But that seems like a pivot. So all this and more, we're going to dive into all these subjects. But before we get to it, got a shout out our friends over at Ronan. So Ronan, they used to be a side chain. They are the chain of Axi Infinity. You guys remember NFT mania from 2021. They are
2:29.0	coming home to Ethereum. They want to build Ethereum Centando. In fact, they're already kind of doing that. They've got 4.5 billion
2:36.9	NFT volume right now, about 30 million
2:39.8	wallet downloads, and
2:41.7	their layer two is going to be
2:44.0	even more crazy, 12 times faster.
	...

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