ROLLUP: Gold & BTC ATH | AI Bubble or Debasement Trade? | BNB Surge | $2B Polymarket Deal
Gold shatters $4,000, Bitcoin quietly hits new all-time highs, and Wall Street just made its biggest bet yet on prediction markets. In this week’s Weekly Rollup, we break down why the debasement trade is heating up, how the AI bubble is shaping markets, and what it all means for crypto’s next move.
We cover BNB’s explosive run to the #3 spot, ICE’s $2B investment in Polymarket, and ETH staking ETFs officially going live. Plus, Solana ETF approval looks imminent, Asian capital rotates onchain, and Galaxy steps back into retail with a familiar face at the helm.
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💠BIT DIGITAL ($BTBT) | ETH TREASURY
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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
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TIMESTAMPS & RESOURCES
0:00 Intro
3:31 Markets
https://www.theblock.co/post/373369/bitcoin-hits-new-all-time-high-crosses-125000-for-the-first-time-as-uptober-momentum-builds
https://x.com/RayDalio/status/1973766977421275598
https://x.com/BTC_Archive/status/1975562328377528702
https://x.com/jvb_xyz/status/1975047567852671125
https://x.com/matthew_sigel/status/1976251057421647886
https://www.coinglass.com/bull-market-peak-signals
https://x.com/Grayscale/status/1975262626377834938
https://x.com/joechalom/status/1975251314117648420
https://x.com/TheCryptoLark/status/1975147566351237315
https://x.com/EricBalchunas/status/1976037299373646270
21:56 Gold ATH, Equities at ATH and PTJ is calling out the AI bubble!
https://x.com/elerianm/status/1975782709084500136
https://companiesmarketcap.com/assets-by-market-cap/#google_vignette
https://x.com/SpencerHakimian/status/1975608283751981521
https://x.com/FluentInFinance/status/1975704684808560774
https://x.com/lisaabramowicz1/status/1975121018428809484
https://x.com/noahkaufmanmd/status/1975930839201702195
https://x.com/1MarkMoss/status/1973775891626164276
https://thedefireport.io/research/does-bitcoin-follow-gold#correlation-analysis
https://x.com/esaagar/status/1975290951787745581
https://x.com/spikedoanz/status/1975806155470635429
https://x.com/MauiBoyMacro/status/1975589846971523102
https://x.com/pumatheuma/status/1976085531500200220?s=46
https://www.cnbc.com/2025/10/06/cnbc-transcript-tudor-investments-founder-cio-paul-tudor-jones-on-squawk-box-today.html
https://x.com/AltcoinDaily/status/1975363814167380090
https://x.com/dgt10011/status/1975353090128638415
https://x.com/RyanSAdams/status/1975560592166355425
41:48 Why is BNB pumping!
https://imgur.com/a/4d6Pnb3
https://x.com/cz_binance/status/1975595775540257262
https://defillama.com/chain/bsc
https://x.com/RyanSAdams/status/1975601864423940288
https://x.com/TheCryptoDog/status/1975602134189285606
https://x.com/mattyboomboom/status/1975888004074922144
https://x.com/RyanSAdams/status/1975909116431515777
https://x.com/eugenegeu/status/1975110416876577133
https://finance.yahoo.com/news/cz-returns-binance-speculations-getting-105754644.html
49:17 ICE - NYSE parent company is investing into Polymarket & Distributing Polymarket - $2 billion
https://x.com/polymarket/status/1975528768039985449?s=46
https://x.com/CoinDesk/status/1975935472586125456
https://x.com/shayne_coplan/status/1975534265698812046
https://x.com/shayne_coplan/status/1975994093529690405?s=46
51:20 Galaxy launched Galaxy One
https://x.com/galaxyhq/status/1975173116428234999
https://x.com/GalaxyOneZac/status/1975140872753999932
https://www.tradingview.com/chart/1CDu50yK/?symbol=NASDAQ%3AGLXY
https://x.com/solspacecadet/status/1975262934797353010
56:11 Monad Airdrop Claim Portal incoming Tuesday Oct 14th
https://x.com/monad/status/1976279260869619994
https://dropstab.com/coins/monad
57:40 3 things Ryan is excited about:
https://x.com/RyanSAdams/status/1976044336111341719 https://x.com/Jrag0x/status/1976180218814660675
https://x.com/brian_armstrong/status/1975948961845538985
https://x.com/maxbranzburg/status/1975214629552091239
https://blog.ethereum.org/2025/10/08/privacy-commitment
https://notes.ethereum.org/@niard/KohakuRoadmap
https://beta.walletbeat.eth.limo/wallet/summary/
1:02:18 Moment of Zen
https://x.com/cocothecorncob/status/1975373485410033673
1:02:45 Closing & Disclaimers
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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The Bull Case For Prediction Markets | Ryan & David
In this episode of Bankless, Ryan and David dive into prediction markets and their place in today’s financial landscape. They unpack how peer-to-peer markets differ from traditional sportsbooks, spotlighting Polymarket and Kalshi, and explore scalability, regulation, and societal impact. Are these markets tools for informed decision-making or just another gambling avenue?
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🛞MANTLE | MODULAR L2 NETWORK
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🌳KGEN | REQUEST A DEMO
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🐂BULLISH | TRADING COMPETITION
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💠BIT DIGITAL ($BTBT) | ETH TREASURY
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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
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TIMESTAMPS & RESOURCES
0:00 Intro to Prediction Markets
2:43 Bankless Summit Announcement
5:32 How Prediction Markets Work
8:06 Who the Big Players Are
14:31 Kalshi’s Breakout and U.S. Access
19:08 Prediction Markets as Media
20:27 How Big Are They Right Now
https://x.com/Polymarket/status/1975528768039985449
https://x.com/shayne_coplan/status/1975534265698812046
https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG
26:17 Where This Is Headed
https://x.com/Domahhhh/status/1973576583064567961
26:40 Sportsbooks vs. Prediction Markets
https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG
https://www.tradingview.com/chart/?symbol=NYSE%3AFLUT
31:43 Why Sportsbooks Are Systemically Unfair
39:10 Rules, Regulators, & Court Fights
54:43 Why This Matters for Society
1:00:31 Wrap Up & What to Watch Next
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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Why China Builds Faster Than America & The Rest of the World | Dan Wang
Why does China build so much faster—and what does that reveal about two very different ways of running a society?
Ryan and David sit down with Dan Wang, author of Breakneck: China’s Quest to Engineer the Future, to unpack China’s “engineers-in-charge” model versus America’s “lawyerly” governance.
We cover how this shapes daily life and growth (from subways and high-speed rail to batteries, EVs, and drones), common western misconceptions about China (surveillance, social credit, “imminent collapse”), why U.S. capital markets soar while Chinese manufacturing dominates, what an American “abundance agenda” could look like, and Dan’s closing prescription: the U.S. needs ~20% more engineering; China needs ~50% more rights-protecting legalism.
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🐂BULLISH | TRADING COMPETITION
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💠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
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TIMESTAMPS
0:00 Intro
0:45 US Lawyers vs China Builders
8:50 Becoming Elite in China vs US
14:55 Motivating Forces
18:26 China’s Misconceptions
24:38 Protests in China
26:00 US vs China Innovation
27:59 Digital Authoritarianism
34:49 Social Credit System?
36:51 Will China Collapse?
42:53 China & Crypto
47:59 China’s Capital Markets
49:46 Path to Wealth
54:29 Property Rights
58:49 Stock Price vs Productivity
1:02:35 The 1960s
1:04:56 Abundance Agenda
1:06:51 US Weakness Relative to China
1:10:53 The Best of Both Worlds
1:13:43 Is China a Security Threat?
1:14:52 US Manufacturing Comeback?
1:20:20 US Global Talent Hub
1:25:07 China’s US Misconceptions
1:27:03 US Success Scenario
1:29:39 Closing & Disclaimers
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RESOURCES
Dan Wang
https://x.com/danwwang
Breakneck: China's Quest to Engineer the Future
https://www.amazon.com/Breakneck-Chinas-Quest-Engineer-Future/dp/1324106034
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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LIMITLESS: We Interviewed The Team Behind ChatGPT's #1 Feature
OpenAI’s personalization leads, Christina Kaplan and Samir Ahmed map the shift from an “assistant with a notebook” to Pulse—the part of ChatGPT that quietly preps your day while you sleep. We unpack how short- and long-term memory work across sessions and why April’s subtle update changed the experience, show how daytime chats stay aligned with overnight prep, and close on the big questions: privacy, consent, and why this is an assistant/representative—not a digital clone.
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💫 LISTEN TO THE FULL EPISODE
https://pod.link/1813210890
https://youtube.com/watch?v=cDrllt2zn5M
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TIMESTAMPS
0:00 Intro
1:03 Why Memory Mattered
6:00 User Reception
9:45 Under the Hood: Short vs Long Term
12:20 Behavior Shift & Data Strategy
20:26 What is Pulse?
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RESOURCES
Christina Kaplan
https://x.com/ChristinaHartW
Samir Ahmed
https://x.com/PageOfSamir
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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The Art of Spending Money: How to Get Rich and STAY Rich | Morgan Housel
How do you spend money in ways that actually make life better?
Morgan Housel, author of the new book The Art of Spending Money, explores status vs. satisfaction, the hedonic treadmill, and why money’s best use is buying independence.
We also cover quiet compounding, a practical 15-stage path to financial freedom, when to spend vs. save, helping kids without spoiling them, and small experiments that raise the utility of every dollar.
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💠BIT DIGITAL ($BTBT) | ETH TREASURY
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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
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TIMESTAMPS
0:00 Intro
2:29 Who’s The Book For?
5:49 There’s No Universal Formula
12:59 What People Want
19:36 Money as a Curse
22:03 Taking a Step Off
26:59 Holding vs Spending
30:26 Identity Traps
33:50 Secret to Contentment
37:32 External vs Internal Benchmarks
40:41 Making an Impact
42:37 Social Debt
50:51 Quiet Compounding
55:10 Financial Freedom
1:02:20 Money & Parenting
1:09:48 Balancing Saving & Spending
1:14:44 Small Purchases
1:16:59 Trying New Things
1:19:29 Morgan’s Financial Decisions
1:21:37 Closing & Disclaimers
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RESOURCES
Morgan Housel
https://x.com/morganhousel?lang=en
The Art of Spending Money
https://www.amazon.com/Art-Spending-Money-Simple-Choices/dp/0593716620
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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