Episode description

Joining us this week is Alex Thorn to break down why crypto markets are taking a hit. Major hacks, bearish macro signals, and fresh tariffs from the U.S. all played a role. But it’s not all bad news: the SEC is backing off from lawsuits against Coinbase, OpenSea, and Uniswap, signaling a potential shift in regulatory pressure. Plus, Bybit suffered the biggest crypto hack ever, losing $1.5B—how did it happen, and who’s behind it?

Follow Alex: https://x.com/intangiblecoins

------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 
https://bankless.cc/spotify-premium

------
BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi
https://bankless.cc/Frax 

🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain 

⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

🌐CELO | BUILD TOGETHER AND PROSPER
https://bankless.cc/Celo 

🦋MORPHO | CRYPTO-BACKED LOANS 
https://bankless.cc/Morpho 

-----
✨ Mint the episode on Zora ✨
https://zora.co/coin/base:0xca607e1fcbdf83f893891742bf2f4933a609a9a2?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------

TIMESTAMPS & RESOURCES
 
00:00:00 Intro To Alex

00:01:21 Market Breakdown
https://www.cnbc.com/2025/02/25/how-trumps-tariffs-on-mexico-and-canada-will-sweep-across-us-states.html 

00:09:43 Treasuries vs Equities

00:22:12 The Largest Hack In History
https://x.com/Bybit_Official/status/1892965292931702929 
https://x.com/smyyguy/status/1893007399687958586/photo/1 
https://x.com/benbybit/status/1892969284587966869 
https://x.com/benbybit/status/1893102137711960486 
https://www.chainalysis.com/blog/bybit-exchange-hack-february-2025-crypto-security-dprk/ 
https://x.com/StefanDGeorge/status/1894781521803858353 
https://x.com/hasufl/status/1894772256179405158 
https://x.com/arkham/status/1893033424224411885?s=46&t=v4MeJk18PFydz-g2BpdAVg 
https://x.com/Jesseeckel/status/1893047605133037905 
https://x.com/mudit__gupta/status/1893290720603050121 
https://x.com/Bybit_Official/status/1893687749229563958 
https://x.com/benbybit/status/1893865556840775758 
https://x.com/lookonchain/status/1893840256342040727 
https://x.com/TimBeiko/status/1893412457567383559 
https://x.com/ethena_labs/status/1892971552565805309 

00:34:12 Ethereum Hard Fork Backlash

00:43:03 SEC Drops Lawsuits
https://x.com/coinbase/status/1892923603814936896 
https://x.com/dfinzer/status/1893086281300582772 
https://x.com/Uniswap/status/1894452298698358989 
https://x.com/econoar/status/1894501626209271973 

00:48:32 Hester Peirce Update

00:54:46 Bullish Or Bearish?

01:04:48 A16Z’s Newest Hire
https://x.com/patrickmchenry/status/1894735546213171378 

01:06:30 Stablecoin Issues

01:12:31 US Treasury Updates
https://x.com/Bitcoin_Laws/status/1893399549454229690 
https://bitcoinlaws.io/ 

01:15:58 Find Alex on Twitter
https://x.com/intangiblecoins 

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠