ROLLUP: ETH’s Pectra Upgrade | $2T Stablecoin Push | Apple’s Crypto Breakthrough | Coinbase Buys Deribit!
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 9 May 2025
⏱️ 66 minutes
🧾️ Download transcript
Summary
This week, Ryan and David unpack Ethereum’s game-changing "Pectra" upgrade, doubling Layer 2 blob space and sparking fresh debates on L1 scaling. Meanwhile, Washington sets its sights on a $2 trillion stablecoin market, Apple’s App Store monopoly cracks open to crypto, and Coinbase makes a historic acquisition of Deribit. Plus, Bitcoin breaks $100K and ETH $2k, are we officially back in bull territory? Find out on this week’s Weekly Rollup.
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TIMESTAMPS & RESOURCES
0:00 Intro
0:32 Markets
https://www.cnbc.com/2025/05/07/fed-meeting-live-updates-traders-await-insight-from-powell-on-next-rate-cut-tariff-impact.html
https://fred.stlouisfed.org/graph/?id=EFFR%2CDFEDTARU%2CDFEDTARL%2C&utm_source=chatgpt.com
https://fred.stlouisfed.org/series/FEDFUNDS?utm_source=chatgpt.com
https://truthsocial.com/@realDonaldTrump/posts/114471750357100883
https://x.com/ForexLive/status/1919864600339558405
13:44 Big win for Crypto against Apple App Store Monopoly!
https://x.com/hlopez_/status/1918113804938056100
https://x.com/0xCygaar/status/1918335966538068300
https://x.com/RyanSAdams/status/1920486709831033039
21:36 Ethereum upgrade live on mainnet!
https://x.com/TimBeiko/status/1920145795430727686
https://x.com/TrustlessState/status/1919746313760969136
https://www.bankless.com/read/eip-7702-ethereum-onchain-culture
https://x.com/adietrichs/status/1920083962472300928
https://x.com/drakefjustin/status/1920343548047569165
https://x.com/TrustlessState/status/1920488999296078131
https://x.com/tkstanczak/status/1920157389568737478
https://x.com/TrustlessState/status/1920498941583348014
40:04 Coinbase Acquires Options Platform Deribit
https://www.wsj.com/finance/currencies/coinbase-strikes-2-9-billion-deal-for-major-crypto-options-platform-a87ca4b3?utm_source=chatgpt.com
41:55 Treasury Secretary is ALL in on Stablecoins
https://x.com/SecScottBessent/status/1920140049254854778
https://www.cnbc.com/2025/05/02/crypto-tether-eyes-us-expansion-with-new-stablecoin-as-ceo-courts-washington.html
https://x.com/intangiblecoins/status/1918802270310777128
https://x.com/SenatorHagerty/status/1918827160954909111
https://x.com/BrendanPedersen/status/1920193925081338114
47:26 Dems introduced legislation that would ban sitting presidents from issuing tokens
https://www.merkley.senate.gov/merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials/
https://x.com/Cointelegraph/status/1919405803112472797
https://x.com/StevenTDennis/status/1920088287747711380
https://x.com/DegenerateNews/status/1919109508120371209
https://x.com/WatcherGuru/status/1919120401604477095
https://cointelegraph.com/news/eu-crypto-ban-anonymous-privacy-tokens-2027
54:04 Coinbase announced a new open source payments protocol - x402.
https://x.com/CoinbaseDev/status/1919784224170889696
https://chatgpt.com/share/681ba731-5244-8008-b801-37e128e240b8
https://stripe.com/en-cz/newsroom/news/sessions-2025
57:44 Bitcoin community is splitting over limit removal plan
https://x.com/ColeTU/thread/1919769012998647880
https://x.com/MartyBent/status/1919226199529677042
1:01:55 Unichain becomes the first L2 building blocks with TEE!
https://x.com/TrustlessState/status/1918450159274319876
1:04:26 Charles Schwab wants to launch spot Bitcoin trading by April 2026
https://cointelegraph.com/news/charles-schwab-eyes-spot-bitcoin-trading-2026
1:05:15 Bankless’s New Podcast! Limitless - go subscribe & follow
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1:06:55 Closing & Disclaimers
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bitcoin is over 100,000. We are so bad, baby. David, even Eath is catching a bid. |
| 0:09.4 | What? No way. Right after Ethereum ships its biggest upgrade ever, what's inside of it? Also, what comes next? And also, what was it missing? |
| 0:18.3 | We also have Apple's walled garden just opened the door for crypto. |
| 0:21.1 | It's wide open for us now. |
| 0:22.6 | Coinbase makes its biggest acquisition of all time. |
| 0:25.2 | And Washington, D.C., suddenly wants $2 trillion in stable coins. |
| 0:30.5 | We're going to talk about all of that. |
| 0:31.9 | But first, we've got to get to the markets because, Ryan, the markets are looking good. |
| 0:36.1 | They are feeling good. I don't know what was in the water or air this morning, but I woke up and saw it green across the charts. Bitcoin is up 3.8%. Broke through $100,000 to where we are right now at the time of recording. $101,000. Bitcoin. It's moved pretty big on the last like two weeks. Just grinding up slowly until suddenly |
| 0:56.8 | we're up like $7,000 on the week. Ether price. Ryan, it was up 1% more than Bitcoin last week. |
| 1:03.5 | I think Bitcoin was up 3% last week. Ether was up 4% last week. Bitcoin is up 4% this week. |
| 1:08.6 | ETH is up almost 11% this week. |
| 1:11.9 | So we are two for two weeks of Ryan Sean Adams returning back to bankless and ETH is green. |
| 1:18.5 | If it continues to be like this, he can never leave again. |
| 1:20.8 | Oh my God. |
| 1:21.4 | The ratio is up 7%. |
| 1:23.4 | We are above a 0.02 number still very low. |
| 1:27.3 | Okay. |
| 1:27.5 | But it is climbing. |
| 1:29.1 | We got a double digit day in the last 24 hours. |
| 1:31.4 | Double digit day, yeah. |
| 1:32.2 | Heath is up 14%. |
... |
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