ROLLUP: Uptober Rally | Tom Lee $1B ETH Buy | Vanguard Flips to Crypto | Stripe Stablecoin Play

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 3 October 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s Weekly Rollup, Uptober kicks off with Bitcoin and Ethereum surging toward all-time highs as Tom Lee drops another $1B into ETH and Vanguard finally opens its doors to crypto ETFs. We cover Stripe’s push to break the Tether–Circle duopoly with its new stablecoin platform, Cloudflare’s surprising entry into onchain payments, and Swift teaming up with Consensys on blockchain rails. Plus, Zcash rockets 200%, Ethereum’s Lighter perps exchange goes live, and Circle sparks debate with plans for reversible USDC. --- 📣0G | CRYPTO X AI https://bankless.cc/OGAI --- BANKLESS SPONSOR TOOLS: 🪙FRAXNET | MINT, REDEEM, EARN https://bankless.cc/fraxnet 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR L2 NETWORK https://bankless.cc/Mantle 🌳KGEN | REQUEST A DEMO https://bankless.cc/KGEN-podcast 🐂BULLISH | U.S. EXCHANGE LAUNCH https://bankless.cc/bullish 💠BIT DIGITAL ($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 3:38 U.S. Government Shutdown https://www.bbc.com/news/articles/crrj1znp0pyo 7:13 Markets https://x.com/pumatheuma/status/1973717212025553313 - ZK Szn?? https://x.com/CoinDesk/status/1971565473218113771 https://www.strategicethreserve.xyz/ https://www.bankless.com/read/news/another-week-another-buy-bitmine-stacks-234k-eth https://x.com/Jrag0x/status/1972643353918677497 https://x.com/smyyguy/status/1971585912602796266 https://x.com/fundstrat/status/1972948825578131523 https://www.reuters.com/sustainability/boards-policy-regulation/us-regulators-probe-stock-moves-before-companies-made-crypto-treasury-2025-09-26/ 24:57 Plasma nailed its go-to-market https://x.com/Plasma/status/1972660468561965173 https://www.coingecko.com/en/coins/plasma https://defillama.com/chains https://blockworks-research.beehiiv.com/p/plasma-s-defi-shockwave https://x.com/lemiscate/status/1972337762205339788 https://x.com/ajwarner90/status/1972823448897634648 https://x.com/RyanSAdams/status/1973436365225468336 32:35 Everyone gets a Stablecoin! The duopoloy is dead! Phantom announced Cash stablecoin https://x.com/phantom/status/1973035201950617617 https://x.com/useCash/status/1973035307139477561 https://stripe.com/blog/introducing-open-issuance-from-bridge https://x.com/zcabrams/status/1973052207911129557 https://x.com/nic__carter/status/1973399535092171216 38:43 Cloudflare launched their own stablecoin on Base https://x.com/CoinbaseDev/status/1970477072792592484 https://x.com/eastdakota/status/1971226533831582073 https://x.com/Kira_sama/status/1971237126378504230 https://x.com/Rewkang/status/1970782770805813392 https://x.com/RyanSAdams/status/1973753405894992073 44:18 Lighter - Ethereum Zk Perps https://x.com/Lighter_xyz/status/1973508660061180363 https://defillama.com/protocol/lighter 50:06 More crypto TradFi mainstream! https://x.com/MorphoLabs/status/1972913932802421202 https://finance.yahoo.com/news/swift-teams-ethereum-software-giant-190506673.html https://www.theblock.co/post/372706/swift-blockchain-ledger-consensys https://x.com/Louis_Tellier/status/1973692818452337125 https://cointelegraph.com/news/circle-examines-reversible-stablecoin-transactions 57:36 With new Sora, the need for zk proving reality 100x-ed https://youtu.be/qeORiYlsEH4?t=374 https://x.com/pumatheuma/status/1973258262939312433 1:01:52 CEO of Polymarket gets flipped off https://x.com/shayne_coplan/status/1972675295564931242 https://x.com/nickpreszler/status/1972748902240780589 1:04:44 Closing, Disclaimers, & Moment of Zen https://x.com/coinbase/status/1972731382830072129 --- 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 first week of
0:07.0	September.
0:08.3	No, no.
0:10.1	No, it's October.
0:13.0	God damn it, we practice this.
0:17.2	Bankless Nation, listen to my voice.
0:20.5	It's croaking David
0:21.5	I'm not going to be able to get through this rule up
0:23.7	It is the first week of October
0:26.9	Yes that's right
0:28.4	Prices are high
0:29.1	How are you feeling David?
0:30.9	How awesome was it that like I looked at the prices
0:33.6	On the first
0:34.6	I was like oh hell yeah
0:36.1	We're green we're moving up we're moving up And I'm like oh it's the first. I was like, oh, hell, yeah, we're green. We're moving up. We're moving up. And I'm like, oh, it's the first. It's October. Yeah. The prophecy is fulfilled. Of course. And now we're recording it on the second day of October. Which is also green. It's also green. So what can we conclude about the third day of October and the fourth day and the fifth day?
0:57.7	30 days of green, baby.
0:59.4	30 days of, wait, 31 days of green.
1:01.5	31, it's a long month.
1:03.6	All the, thank God is 31 days of green.
1:07.6	Is that what we're calling?
1:09.0	This is how Ryan and I do analysis on prices. We got a lot to talk about. And forgive me, bankless listeners for my voice. I'm a little crokey on the week. I got a cold going on. He's just so excited. We got to talk about Tom Lee. He caused a flippeting with a $1 billion eath buy, another $1 billion eith buy.
	...

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