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ROLLUP: Wartime Markets | Kraken Gets Fedwire | Trump vs Banks | AI vs Pentagon | NYT Says Crypto Is Dead

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 6 March 2026

⏱️ 63 minutes

🧾️ Download transcript

Summary

Ryan and David break down a week where war hit markets, and the safe-haven playbook broke down. Oil spiked, gold failed, bonds sold off, the dollar caught the flight to safety, and crypto somehow bounced right through it. Then they unpack Trump’s public pressure campaign against banks over stablecoin yield, Kraken’s historic Fedwire breakthrough, and why crypto is starting to look less like an outsider and more like part of the financial core. Plus: Anthropic vs. the Pentagon, Erik Voorhees’ private AI push with Venice, fresh Aave governance drama, ZachXBT helping catch the $46M government crypto thief, and the New York Times calling crypto dead right on schedule. --- 📣FIGURE | CRYPTO-BACKED LOANS & ~9% RWA YIELD https://bankless.cc/Figure --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast  🪐GALAXY | INSTITUTIONAL DIGITAL FINANCE https://bankless.cc/galaxy-podcast  🏅BITGET TRADFI | TRADE GOLD WITH USDT https://bankless.cc/bitget 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 🌍 WORLD | FULLY ONCHAIN EXCHANGE https://bankless.cc/world     --- TIMESTAMPS & RESOURCES 0:00 Intro 2:54 Wartime Markets: US / Israel vs Iran + Market Reaction https://x.com/WhiteHouse/status/2028229365440344419 https://x.com/KobeissiLetter/status/2028426099474981156 https://x.com/BullTheoryio/status/2029251045885665465 https://x.com/KobeissiLetter/status/2029274787474743761 https://www.coingecko.com/en/coins/bitcoin https://www.coingecko.com/en/coins/ethereum https://alternative.me/crypto/fear-and-greed-index 12:33 Polymarket Becomes the Biggest Winner https://x.com/PolymarketStory/status/2028863241942671865 https://polymarket.com/event/will-the-iranian-regime-fall-by-march-31/?via=bankless? https://polymarket.com/event/will-reza-pahlavi-lead-iran-in-2026/?via=bankless? 15:20 Pentagon vs Anthropic: AI is Military Tech https://x.com/KobeissiLetter/status/2027958511334723716 https://x.com/WatcherGuru/status/2027488317286351266 https://x.com/BullTheoryio/status/2027626521217929683 https://x.com/ns123abc/status/2028642962196811791 https://app.ventuals.com/trade/anthropic 23:57 Kraken Gets Fedwire Access (First Crypto Bank) https://x.com/krakenfx/status/2029206389957009419 https://x.com/SenLummis/status/2029195363119173710  https://x.com/dgt10011/status/2029241024069910558 https://bpi.com/bpi-statement-on-kraken-master-account https://x.com/jespow/status/2029262374499434919 https://x.com/mikeippolito_/status/2029213224625963310 31:37 Trump vs Banks Over Stablecoin Yield https://x.com/KobeissiLetter/status/2028955180650099117 https://x.com/EricTrump/status/2029309823423009211 https://x.com/coinbureau/status/2029067345055105162 https://polymarket.com/event/clarity-act-signed-into-law-in-2026/?via=bankless? https://x.com/RonwHammond/status/2028960282450567547 https://x.com/intangiblecoins/status/2029554248883839324 40:03 Private AI + Crypto: Erik Voorhees’ Venice https://x.com/ErikVoorhees/status/2029352394317029871 https://x.com/ErikVoorhees/status/2029387068384678014 https://www.coingecko.com/en/coins/venice-token https://x.com/steipete/status/2028578713126707547 https://x.com/ErikVoorhees/status/2029399902011224272 47:30 Aave Governance Drama https://governance.aave.com/t/aci-is-leaving-aave/24205 https://governance.aave.com/t/temp-check-aave-will-win-framework/24055/137 50:11 TradFi Moves Into Crypto (NYSE + OKX) https://www.theblock.co/post/392397/nyse-parent-ice-invests-in-crypto-exchange-okx-at-25-billion-valuation-amid-tokenized-stocks-push-fortune 51:10 Million Bitcoin Milestone https://x.com/JoeConsorti/status/2028931445125706171 52:09 X Money (Elon’s Payments Wallet) & SpaceX Bitcoin Treasury https://x.com/abskoop/status/2029088219858346446 https://x.com/dagaadit/status/2029256180644659379 https://www.coindesk.com/markets/2026/03/01/spacex-s-usd780-million-bitcoin-stack-now-down-to-about-usd545-million-ahead-of-ipo-filing 54:42 ZachXBT Catches $46M Crypto Thief https://x.com/BecauseBitcoin/status/2029585484960145866 https://x.com/zachxbt/status/2029577374057296175 https://x.com/zachxbt/status/2014685299025060154 58:13 South Korean Police Leak Crypto Wallet Seed https://gizmodo.com/south-korean-police-lose-seized-crypto-by-posting-password-online-2000728191 1:00:33 NYTimes Says “Crypto Is Dead” Again https://www.nytimes.com/2026/02/26/opinion/crypto-trump-bitcoin-clarity-genius.html https://x.com/RyanSAdams/status/2027392307050188828 1:02:10 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 first week of March. It's time for the Bankless Weekly Rollup. We've got a war going on. And so what are the wartime markets look like? How did the markets react to the conflict in Iran? We also have to talk about the flight to safety asset. What was it? Was it gold? Was it Bitcoin? Was it something else?

0:23.9

And then Trump domestically has taken aside on stable coin yields? Choosing crypto over the banks?

0:31.0

Some very loud tweets, both from Trump and Trump Jr. about the Clarity Act and how the banks need to fall in line. Some just real

0:38.2

good drama on the timeline this week. More bad news for the banks, too. Cracken is going bankless.

0:42.8

They get a bank license of some sort, access to FedWire. And I think that's pretty bullish,

0:48.6

a historic first. Can you go bankless by becoming a bank? Does that work?

0:55.0

They don't have any banks anymore. They are one. Yes. I mean, this is a long-standing

1:01.4

bankless prediction, let's say. I mean, we always thought the crypto banks, the exchanges,

1:06.5

we called them crypto banks from the very beginning would become more bank like over time.

1:10.4

And now they're

1:11.3

actually becoming banks at this point. That's pretty bullish though for crypto, I'd say. Also,

1:15.4

Eric Voorhe's AI Crypto Privacy Project, we're going to talk about that. Is this the AI

1:20.0

crypto fusion we've been waiting for? Also, Avey loses a key contributor just after it lost

1:25.4

another one just a couple of weeks ago. Zach XBT catches a criminal who stole $46 million from the government.

1:31.5

And then, of course, the bottom signal of all bottom signals in New York Times

1:35.0

writes a crypto is dead article.

1:37.9

So we're going to read that article to you here on the show.

1:40.3

But before we do, we're going to talk to our friends and sponsors over at Figure.

1:43.4

Figure is the number one non-bank Heelock lender in the United States. He-lock home equity line

1:48.9

of credit. If you own home, you probably know what that is. They're bringing institutional

1:52.3

grade defy to you. They have crypto-backed loans offering like 8.9% at 50% LTV with your

1:59.0

Bitcoin held in segregated MPC custody, not pooled, not

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