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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