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ROLLUP: Prediction Market Bill | Solana DEX ATH | ETH Stablecoins ATH | Zcash Implodes | Vitalik “Trilemma Solved”

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 9 January 2026

⏱️ 52 minutes

🧾️ Download transcript

Summary

Prediction markets are turning into real-time intelligence, and policymakers are already reacting. In this week’s Weekly Rollup, Ryan and David unpack the Venezuela “Maduro” trade, the debate over fairness vs. public signal, and Polymarket’s expansion into real estate markets. They also cover Bitcoin’s lowest-vol year ever, Solana’s DEX surge, Ethereum’s stablecoin settlement ATH, Morgan Stanley’s crypto ETF filings, Zcash’s governance blowup, Lighter’s massive $LIT airdrop, Vitalik’s “trilemma solved” claim, Wyoming’s state stablecoin, and Strategy’s path toward major indices. --- 📣ZAMA | $ZAMA PUBLIC AUCTION  https://bankless.cc/zama-auction --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://bankless.cc/the-defi-report 💰ICO WATCH | UPCOMING PUBLIC TOKEN SALES https://bankless.cc/ico-watch --- TIMESTAMPS & RESOURCES 0:00 Intro 2:49 Markets https://www.linkedin.com/pulse/2025-ray-dalio-kaf8e/ https://x.com/dampedspring/status/2008568524046991733 https://www.coinglass.com/pro/i/bl https://www.dlnews.com/articles/regulation/bitcoin-least-volatile-year/ https://x.com/NTmoney/status/2007111582317215767 https://x.com/KobeissiLetter/status/2007167084980044071 https://x.com/smyyguy/status/2009282261384888407 https://x.com/Cointelegraph/status/2007980573365502161 https://x.com/ericbalchunas/status/2008527564550156315 https://x.com/WatcherGuru/status/2008926447205843202 https://x.com/Matt_Hougan/status/2008542347425149247 14:03 Did Polymarket reveal the Venezuela invasion hours prior the announcement? https://www.war.gov/News/News-Stories/Article/Article/4370431/trump-announces-us-militarys-capture-of-maduro/ https://x.com/JoePompliano/status/2007455311351718118 https://x.com/0xKelle/status/2008099287851561262 https://x.com/JakeSherman/status/2007497192974459372 https://x.com/QuiverQuant/status/2008029132484206664 https://x.com/WatcherGuru/status/2008245382539882784 https://x.com/zoomerfied/status/2008184924377960502 25:41 Polymarket Market of the Week 27:42 ZEC dump and resignation  https://x.com/solidintel_x/status/2009172254496870816 https://x.com/DefiIgnas/status/2009235841751613660 31:05 Lighter launched the Lighter Infrastructure Token https://x.com/Lighter_xyz/status/2005862682608472263 https://x.com/bubblemaps/status/2006296418622001313 https://defillama.com/protocol/perps/lighter-perps https://x.com/Lighter_xyz/status/2008309047787753497 35:27 Has Ethereum resolved the blockchain trilemma?  https://x.com/VitalikButerin/status/2007559523528233041 https://x.com/ralexstokes/status/2008707458563535022 https://x.com/VitalikButerin/status/2008174642066845778 https://x.com/dankrad/status/2008466291913265443 45:49 SEC Commissioner Caroline Crenshaw resigned https://x.com/EleanorTerrett/status/2007195935403847868 46:32 Major US retailers are accepting crypto payments https://finance.yahoo.com/news/walmart-starbucks-more-accepting-crypto-202205775.html 48:14 Wyoming launches first US state-issued stablecoin https://x.com/WatcherGuru/status/2008958574962028924 50:00 MSCI decided not to exclude DATs from their indexes https://www.msci.com/indexes/index-resources/index-announcements 51:28 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 is the second week of January. The first week I've been back. It's time for the

0:07.9

bankless weekly roll-up. We've got a lot going on. A prediction market trader placing a large bet on

0:13.8

Maduro's capture four hours ahead of his actual capture and a bill from Congressman Richie Torres

0:20.7

saying, I don't like this.

0:23.0

This looks like insider trading inside the government. What is going on? We'll talk about that.

0:27.6

I think that's going to be a reoccurring theme for this year as we figure out what to do,

0:32.3

what we think about, and we being society, what we think about people using special information

0:37.0

on perdition markets. David, I don't even know what I think about people using special information on prediction markets.

0:38.5

David, I don't even know what I think about it, though.

0:40.9

I don't know. I'm fascinated by it. I think it's an interesting topic to pay attention to in

0:46.7

2026. Expect more news like this as this happens more and more and more. Meanwhile, on the

0:51.2

crypto-native side of things, Solana Dex volume hits an all- of things, Salonah Dex volume hits an all-time

0:54.6

high. Ethereum's stable-coin transfer volume hits an all-time high and trouble in Z-cash.

1:00.9

Why is it down something like 20% on the day? Something happened, and we're going to talk about it.

1:06.5

Yeah, we also cover the lighter token drop. David, you don't have to fill me in on that.

1:10.0

And Vitalik Buteran, he's coming back in in 2026 with a full Malady arc, I would say. He's got a lot of tweets out there, one of which is claiming that Ethereum has solved the notorious blockchain trilema. David, you remember the trilemma? Couldn't be solved? I remember the trilemma. It's solved now, okay? We solved it. Mission accomplished. Yes. Before we get there, got to thank our friends and sponsors over at Zama. I'm truly excited about what Zama is providing because it's a missing piece of the crypto stack and in particular the Ethereum stack. As we get more and more into mainstream and people are looking at the on-chain world as to

1:44.6

where to build a finance. I think we need a little bit more privacy. That is exactly what Zama

1:49.0

is doing. Think of it as HTTPS for crypto. You know how the HTTPS made the internet

1:54.8

secure? First, before we just had HTT, which is like the internet in clear text, no privacy, everything's readable.

2:03.1

HTTPS allows us to have the internet, but also with data and encrypted form in transit and communication,

2:09.5

so we can communicate things like credit card information.

2:12.5

Now incoming is HTPZ-Z for cryptography.

...

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