In this episode of Bankless, Ryan is joined by Haseeb Qureshi to discuss the current state of the crypto market, including Bitcoin's price fluctuations and whether the bull market is over. They analyze the AI stock market's impact on crypto, the Balancer DeFi hack, and the potential fallout from the 10-10 liquidation event, including the collapse of Steam Finance. They also discuss Brian Armstrong's prediction market activity and debate whether smaller chains freezing transactions after hacks is a feature or a sign of centralization. They explore the idea of Bitcoin's "silent IPO," where early believers diversify their holdings, and touch on Ethereum's Layer 2 scaling and the movement of BlackRock's Biddle fund to other chains. Finally, they discuss Jamie Dimon's changing views on crypto and Peter Thiel's concerns about institutional co-option.
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