The Bankless Weekly Rollup discusses wartime markets, safe haven assets, and the shifting power dynamics between crypto and traditional banks. The initial conflict with Iran led to oil price spikes and a surprising flight to the dollar instead of gold or bonds. The markets are pricing in that the Strait won't be closed for that long, mainly because the entire Iranian fleet is completely decimated. Kraken's access to Fedwire via a "skinny master account" is a major win for crypto, challenging traditional banking monopolies. Trump's support for stablecoin yields puts further pressure on banks, reflecting a potential power shift in DC. The episode also touches on Eric Voorhees' AI Crypto Privacy Project, Aave losing a key contributor, and ZachXBT catching a criminal.
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