ROLLUP: The Bull Market is On? | Zcash & NEAR | Kalshi Wash Trading | BlackRock Goes Onchain

The bull market may be back, but Bitcoin might not be leading it. Ryan and David break down the early-bull signals, Zcash and NEAR’s surge, rising yields, Kalshi’s wash-trading controversy, and BlackRock’s expanding crypto push.

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TIMESTAMPS & RESOURCES

0:00 Intro

0:28 Early Bull Confirmed

https://thedefireport.io/research/early-bull-confirmed

https://x.com/benjamincowen/status/2102007452057079986

https://x.com/benjamincowen/status/2102572123185107151

https://x.com/saylor/status/2102011709808353551

13:23 New Bull Market Leaders

https://www.bankless.com/read/this-is-not-bitcoin-s-cycle

https://x.com/Delphi_Digital/status/2064430003731804517

https://www.coingecko.com/en/coins/zcash

https://www.coingecko.com/en/coins/near

https://x.com/TrustlessState/status/2100789397960704285

https://x.com/TrustlessState/status/2102787878552015357

https://x.com/CosimoCapital/status/2102886894115696978

33:18 Rising Yields & the Debasement Trade

https://x.com/Geiger_Capital/status/2103118843061182872

https://www.tradingview.com/symbols/TVC-US10Y/

https://www.tradingview.com/chart/KZYJV3ef/

https://www.oaktreecapital.com/insights/memo/shall-we-repeal-the-laws-of-economics—part-iii

42:29 Kalshi Wash Trading Drama

https://x.com/icobeast/status/2101358009477632410

https://x.com/beniduboss/status/2101459048247808010

https://news.kalshi.com/p/the-facts-behind-kalshi-s-perpetuals-volume

https://cointelegraph.com/news/kalshi-says-cftc-hasnt-contacted-it-over-unusual-5b-trading-activity

47:57 Vitalik Backs Trueo

https://www.coingecko.com/en/coins/true

https://trueo.com/

https://x.com/VitalikButerin/status/2102143283493507554

https://x.com/Trueo_/article/2102123554162561272

54:37 New Tokens & Institutional Crypto Expansion

https://x.com/variational_io/status/2102929439063765192

https://x.com/Ondo/status/2103106602593087575

https://x.com/WSJmarkets/status/2103092730880569691

https://x.com/BlackRock/status/2102409739175141458

https://www.blackrock.com/us/individual/literature/whitepaper/the-machine-native-economy.pdf

https://www.theblock.co/news/business/2026-09-22-binance-takes-100-million-circle-stake-alongside-five-year-usdc-deal-416042

https://www.blockhead.co/2026/09/22/coinbase-opens-ipo-share-allocations-to-us-retail-customers-starting-with-smart-ring-maker-oura/

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Source: Bankless Podcast