Crypto feels cooked in 2026, and the Super Bowl proves it. Ryan and David unpack Coinbase’s Backstreet Boys rug pull ad and what it reveals about crypto’s collapsed public narrative. Then they dig into the brutal selloff, why IBIT’s record volume hints at forced TradFi liquidation, and what Polymarket is pricing for Bitcoin under $50K. From Robinhood’s prediction markets exploding into a real revenue engine to the political fight over who regulates “gambling vs markets,” the thesis is clear: finance is the only use case still scaling. Plus: LayerZero’s new “world computer” L1, MegaETH and Aztec’s bear market launch playbook, Vitalik finally calling ETH a store of value, ENS staying on L1, BlackRock bringing BUIDL to Uniswap, and the weirdest loose end of all, SBF’s missing ...
Crypto feels cooked in 2026, and the Super Bowl proves it. Ryan and David unpack Coinbase’s Backstreet Boys rug pull ad and what it reveals about crypto’s collapsed public narrative. Then they dig into the brutal selloff, why IBIT’s record volume hints at forced TradFi liquidation, and what Polymarket is pricing for Bitcoin under $50K. From Robinhood’s prediction markets exploding into a real revenue engine to the political fight over who regulates “gambling vs markets,” the thesis is clear: finance is the only use case still scaling. Plus: LayerZero’s new “world computer” L1, MegaETH and Aztec’s bear market launch playbook, Vitalik finally calling ETH a store of value, ENS staying on L1, BlackRock bringing BUIDL to Uniswap, and the weirdest loose end of all, SBF’s missing tungsten cube.
---
📣ROCKET POOL | PERMISSIONLESS STAKING
https://bankless.cc/Rocketpool
---
BANKLESS SPONSOR TOOLS:
🔮POLYMARKET | #1 PREDICTION MARKET
https://bankless.cc/polymarket-podcast
🌐BRIX | EMERGING MARKET YIELD
https://bankless.cc/brix
🏅BITGET TRADFI | TRADE GOLD WITH USDT
https://bankless.cc/bitget
👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES
https://bankless.cc/spotify-premium
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://bankless.cc/TDR-pro
💰ICO WATCH | UPCOMING PUBLIC TOKEN SALES
https://bankless.cc/ico-watch
---
TIMESTAMPS & RESOURCES
0:00 Intro
0:32 Super Bowl Coinbase Commercial
https://x.com/julia_fiedler5/status/2020672759508967576
10:02 Markets
https://x.com/cryptorand/status/2021894696268660736
https://x.com/TheDemocrats/status/2019492504614150375
https://polymarket.com/event/what-price-will-bitcoin-hit-before-2027/?via=bankles
https://x.com/intocryptoverse/status/2019835733503255006
https://x.com/DegenerateNews/status/2020846896084852796
https://x.com/blckchaindaily/status/2021967204653445163
https://x.com/WatcherGuru/status/2020860553732768085
https://www.strategicethreserve.xyz
https://x.com/WatcherGuru/status/2021325189674357204
25:46 Prediction Markets Growth has been explosive
https://x.com/theoneandomsy/status/2021399052366250280
https://x.com/TrustlessState/status/2021603112541102400
https://x.com/movietimedev/status/2021278393136808099
https://x.com/mattplatkin/status/2021335653091508323
https://x.com/GovChristie/status/2019515642836054038
https://x.com/michaelselig/status/2019533204068393280
34:51 A tail of Three Chains - LayerZero, Robinhood, MegaETH
https://x.com/LayerZero_Core/status/2021338847972663394
https://x.com/a16zcrypto/status/2021348447656476841
https://www.coingecko.com/en/coins/layerzero
https://x.com/LayerZero_Core/status/2021343796236321036
https://x.com/RobinhoodApp/status/2021585052417630465
https://youtu.be/KcpMRlmrkEw
https://x.com/megaeth/status/2020876108342927670
https://x.com/TrustlessState/status/2021265395307495795
https://x.com/Zac_Aztec/status/2021707048497602777
https://x.com/sjdedic/status/2021960471704707177
https://www.coingecko.com/en/coins/zama
https://app.hyperliquid.xyz/trade/MEGA
https://www.coingecko.com/en/coins/layerzero
44:04 Are non-financial crypto dead?
https://x.com/matthuang/status/2020858831065043159
https://x.com/jessepollak/status/2020962065100538091
https://x.com/cdixon/status/2019837259575607401
https://x.com/hosseeb/status/2020451853633511696
50:04 ETH & BlackRock
https://x.com/VitalikButerin/status/2019814868140933287
https://x.com/ensdomains/status/2019789111557808146
https://x.com/BrantlyMillegan/status/2019791852531069313
https://x.com/vitalikbuterin/status/2019818956530274327
https://x.com/haydenzadams/status/2021587358999630034
https://x.com/KalshiTrade/status/2021586037034651819
https://fortune.com/2026/02/11/blackrock-uniswap
https://finance.yahoo.com/news/uniswap-token-jumps-following-blackrock-165720913.html
https://www.coingecko.com/en/coins/uniswap
57:13 MrBeast acquired a Gen Z‑focused banking app
https://x.com/MrBeast/status/2020910218360782929
https://x.com/BuckOnTwidder/status/2021005048654987354
59:17 You can now give your agent a self-custodial wallet!
https://x.com/programmer/status/2021649037074870627
https://docs.cdp.coinbase.com/agentic-wallet/quickstart.
https://x.com/base/status/2021413560740721048
1:01:10 Safemoon founder sentenced to 100 months in prison
https://x.com/IRS_CI/status/2021340944143196568?
1:02:19 SBF suck up…full on propaganda - pardon by summer?
https://x.com/SBF_FTX/status/2021932965047988515
https://themissingbillions.com/
1:05:42 Closing & Disclaimers
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
