Drift Hack Exploits Admin Control

Google just dropped a major quantum warning for crypto, claiming a breakthrough that could accelerate the timeline to breaking Bitcoin and Ethereum’s core security. Ryan and David unpack what changed, how real the threat is, and why the industry may need to act sooner than expected.

Plus: Trump signals three more weeks in the Iran conflict and markets shrug it off, a $285M Solana DeFi hack exposes critical flaws, Ethereum’s new plan to unify L2s, and why crypto wallets are rapidly turning into full financial super apps.

---

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24

https://bankless.cc/spotify-premium

---

BANKLESS SPONSOR TOOLS:

🔮POLYMARKET | #1 PREDICTION MARKET

https://bankless.cc/polymarket-podcast 

🪐GALAXYONE | SOLANA STAKING

https://bankless.cc/GalaxyOne

🦊 METAMASK | DOWNLOAD NOW

https://go.metamask.io/BL-Pod-Download 

🏅BITGET TRADFI | TRADE GOLD WITH USDT

https://bankless.cc/bitget

🎯THE DEFI REPORT | ONCHAIN INSIGHTS

https://thedefireport.io/bankless

🐇MEGAETH | 1ST REAL-TIME BLOCKCHAIN

https://bankless.cc/megaeth

---

TIMESTAMPS & RESOURCES

0:00 Intro

1:46 Worst BTC Q1 Since 2018

https://www.theblock.co/post/395991/bitcoin-worst-q1-since-2018

https://imgur.com/Y8V3LyR 

3:15 Trump, Iran & Market Reaction

https://x.com/WhiteHouse/status/2039508709374636457

https://polymarket.com/event/us-forces-enter-iran-by/?via=bankless

https://polymarket.com/event/us-x-iran-ceasefire-by/?via=bankless

https://x.com/KobeissiLetter/status/2039525222311731260

https://x.com/KobeissiLetter/status/2039516924762096021

https://x.com/KobeissiLetter/status/2039715963730305106

https://x.com/TrustlessState/status/2039718732361040022

https://x.com/KobeissiLetter/status/2039691820419235841

https://x.com/WatcherGuru/status/2038650848931193203 

https://x.com/robinhanson/status/2038778655204122748

https://x.com/natesilver538/status/2038711622043144529

https://polymarket.com/event/which-party-will-win-the-house-in-2026/?via=bankless

https://polymarket.com/event/which-party-will-win-the-senate-in-2026/?via=bankless

18:35 Google’s Quantum Warning for Crypto

https://quantumai.google/static/site-assets/downloads/cryptocurrency-whitepaper.pdf

https://arxiv.org/abs/2603.28627

https://x.com/drakefjustin/status/2038847732152996108

https://x.com/nic_carter/status/2038804571791761821

https://x.com/mreiffy/status/2038878566796988776

https://x.com/nic_carter/status/2039065325627396309

https://x.com/_jonasschnelli_/status/2039403067511341368

https://x.com/_jonasschnelli_/status/2039049535822147890

41:39 $285M Drift Hack on Solana

https://x.com/DriftProtocol/status/2039564437795836039

https://defillama.com/perps

https://x.com/dbcrypt0/status/2039677244734677186

https://www.coingecko.com/en/coins/drift-protocol

https://x.com/StaniKulechov/status/2039587524075491794

https://x.com/haydenzadams/status/2039560830862164329

47:08 Ethereum Economic Zones & Aave V4

https://x.com/RyanSAdams/status/2038625973260722336

https://x.com/etheconomiczone/status/2038271122907578375

https://x.com/jbaylina/status/2038277153641377865

56:09 X Crypto Wallet + Phantom Super App

https://x.com/benjitaylor/status/2036882102420201832

https://x.com/Marczeller/status/2038300072367017988

https://x.com/phantom/status/2039027553940480448

57:43 Apyx, OpenAI, SpaceX & April Fools

https://x.com/RyanSAdams/status/2037607121676603530

https://x.com/hyperbridge/status/2039318963486625880

1:03:37 Closing & Disclaimers

---

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures