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Justin Drake thinks post-quantum is an opportunity for Ethereum — not a hurdle. “It’s an opportunity for Ethereum to stand out as the very first global financial system that is post-quantum secure.” “Not just relative to its competitors... but also relative to fiat and tradfi.” “It would send a very strong message... a very natural security starting point for the world to migrate over to Ethereum.” 📆 Out on Monday, March 23 w/ @drakefjustin

@malleshpai @gakonst @brendan_j_ryan 🤝🪇

A great episode with my colleagues @gakonst and @brendan_j_ryan ... def worth listening a listen!

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LIVE NOW - Tempo Mainnet: The Race to Agentic Commerce @tempo is live, and the big bet is clear: AI agents need a native payment layer. @gakonst and Brendan Ryan join Bankless to explore: - why Tempo launched with agentic payments front and center, - how MPP turns payments into auth, - why “give the agent the wallet” could unlock a new internet economy, - where MPP fits against x402, - what Tempo’s L1 design makes possible for builders. Enjoy the episode. --- TIMESTAMPS 0:00 Tempo Mainnet goes live 1:18 Why the launch is focused on agents 3:58 What MPP actually is 6:30 MPP vs x402 15:28 Why agentic commerce matters 20:08 The “original sin” of the internet 26:04 MCP, NLWeb, and the emerging agent stack 34:07 The onboarding flow: wallets for agents 37:11 How Tempo’s wallet security works 40:11 Tempo chain design and specs 51:13 Why build an L1 instead of an Ethereum L2? 56:10 The Ethereum tension 1:05:01 Agent identity, reputation, and ERC-8004 1:06:53 TIP20, stablecoins, and what can be built on Tempo 1:12:36 Builder opportunity in the agentic web

The midterm picture for crypto is worse than most people realize — and it's not about floor votes. Here's the structural problem: - Democrats are projected to flip the House (~85% chance) and potentially the Senate - The majority party chairs EVERY committee. No exceptions - Crypto bills don't go straight to the floor. They live or die in committee. Chairs control what gets hearings, markup, and what quietly dies - If Democrats flip the House, Maxine Waters chairs House Financial Services. She called the GENIUS Act "a full-scale crypto con" - If they flip the Senate, Elizabeth Warren chairs Senate Banking. She's voted against every major crypto bill - It gets worse in the House: when party control flips, subcommittees fully reset. Waters would steer who leads the Digital Assets subcommittee and control freshman assignments The frustrating part: pro-crypto Democrats exist. ~47% voted for the GENIUS Act. 37% voted for CLARITY. But that support is bill-specific and evaporates at the committee level, which is where legislation actually begins. David Christopher mapped this out in detail, including which specific races actually matter for committee composition. The pro-crypto Democrats exist. They're just not where the gavels are.

LIVE NOW -- Saylor is Back: How does this impact market structure? Bitcoin is ripping while stocks and gold stall and Michael Saylor just dropped billions into BTC. So… is this a real regime shift or just another 2022-style fake rally? @JustDeauIt and @RyanSAdams break down the macro, why liquidity is quietly tightening, how @saylor's new capital machine is changing market structure, and why this rally may not be as bullish as it looks. [TIMESTAMPS] 0:00 Intro 1:36 Bitcoin's Performance Amid Geopolitical Conflict 4:24 Global Liquidity and Its Implications 8:40 Inflation and Federal Reserve Challenges 12:38 Bitcoin Market Structure Analysis 19:23 Michael Saylor's Strategic Purchases 27:57 Exploring Hype and Market Trends 35:33 Closing & Disclaimers

We must fund independent and original thought. Literary magazines have a sustainability problem as old as literary magazines themselves. Writers often don't get paid. Outlets run on volunteer labor. The cultural infrastructure that gave us Modernism, the Beats, and punk zines still can't fund itself. WMP sketches a concrete design for what an Ethereum-native solution could actually look like: - A stablecoin vault adapted from Bread Cooperative's BREAD crowdstaking model. Patrons deposit, only the yield funds operations, underlying deposits are always withdrawable - Writer payments streamed in real-time via Sablier, with lump-sum distributions via Splits - Semi-anonymous payment routing through RAILGUN so writers can receive funds without doxxing their addresses - Quarterly issues deployed as mintable NFTs on Manifold for supplemental revenue The math is modest but real. $100K in deposits at 6% APY = $600/writer/year for a 10-person cohort. More than many lit mags pay today. And it scales linearly with deposits. Connects directly to Vitalik's "sanctuary tech" framing — Ethereum providing sustainability infrastructure for considering ideas that need independence above all else.

LIVE NOW - Trump's Grand Strategy: Iran, China & The New World Order | Kamran Bokhari A deep dive into Trump’s emerging grand strategy and the geopolitical logic behind the Iran conflict. @KamranBokhari joins Bankless to unpack how the U.S. is trying to: - reshape the Middle East, - manage tensions with China and Russia, - transition from direct intervention toward a new model of burden-sharing, - have regional power balancing, and global restraint. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:56 Iran War Unstated Motives 10:03 Trump’s Goals 18:43 China’s Role 26:43 Venezuela & Cuba 28:22 US China Relationship 34:27 Optimizing Global Relationships 39:56 Iran War Best Approach 47:12 Does Iran Want to Negotiate? 51:30 Iran Regime Change 56:51 Israel Interests 1:00:36 Marco Rubio 1:05:24 Signal in the Noise 1:07:25 Closing & Disclaimers

This is a particularly excellent episode (certainly not biased). Ryan and David break down the Ethereum Foundation's official mandate from last week. 38 pages. Here's what's actually in it and why people can't agree on whether it's bullish or not. Some standout points: - CROPS (Censorship Resistance, Open source, Privacy, Security) is the EF's top priority — above everything - ETH is defined as a store of value and money on page one. This is big. The EF has NEVER stated this in an official document before - "Self-sovereignty" appears ~50 times. Ethereum is framed first and foremost as "sanctuary tech" - It is explicitly NOT a product roadmap, org chart, or marketing strategy The community is split. Bulls say CROPS is the entire point of blockchains and Ethereum is the only chain that has it. Bears point out that "product," "roadmap," "payments," and "stablecoins" don't appear once. Ryan and David broke all of this down. Worth the full listen.

THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

Justin Drake joins Bankless. Q-Day is no longer a sci-fi thought experiment. We get into: - When quantum becomes a real crypto threat - Bitcoin’s hardest post-quantum tradeoffs - Ethereum’s roadmap to survive it - Why Justin thinks quantum is also an opportunity - What AI changes about the cryptography race 📅 Monday, March 23 w/ @drakefjustin

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The bullish read is simple: the EF finally said the quiet part out loud. “Ether is a store of value and money that also happens to be an application.” This was one of the biggest wins in the whole document.

Crypto's True Believers Demand to be Pardoned | VF

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The bear case against the EF mandate, distilled: “Product roadmap, finance, payments, stablecoins, customer, developers, market share, scalability.” “The absence of these words speaks volumes.” - @masonnystrom “Ethereum is on a trajectory to become the Netscape of crypto.” - @yugacohler

Ethereum