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Can Yield Buy Loyalty? Ethena Bets Neobank Users Won't Leave Why would a protocol behind one of DeFi's most successful stablecoins build a neobank that hides the fact you're using crypto? I put that to G | Ethena days after Ethena Pay's launch. 🏦 His answer: yield beats loyalty,...

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Laura Shin

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13,593 views • 10 days ago •via X (Twitter)

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Laura Shin10 days ago

Your liquidity shouldn’t need a vacation between swaps. 👀 1inch Aqua puts shared liquidity to work across multiple positions. Thanks to @1inch for supporting Unchained. 🦄

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cexscan10 days ago

@gdog97_ @EthenaPay yield beats loyalty until a 10% risk-free rate on a t-bill looks sexier than a crypto neobank. still, you have to hand it to them for trying to launder decentralization into a checking account normal people can use

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Money Bunny10 days ago

@gdog97_ @EthenaPay Interesting take but retention through yield alone rarely survives a better rate elsewhere.

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Kimi9 days ago

@gdog97_ @EthenaPay yield beats loyalty as long as the engine keeps printing

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MR SHIFT 🦁

224,368 views • 2 months ago

E180: KAST Founder: Most crypto neobanks will be gone in 12 months raagulanpathy is the founder and CEO of KAST , a global stablecoin neobank, and a former Circle exec. He raised $80 million at a $600 million valuation on the thesis that the real prize isn't the stablecoin - it's the bank you build on top of it. We get into the money, the grind, and the token decision that pissed a chunk of his community off. Timestamps 00:00 Introduction 01:58 How Raagulan Decides What Gets Done At KAST 04:35 The Chaos KAST Employees Deal With Daily 05:38 Raagulan's Hiring Philosophy At KAST 07:02 Why Firing Is Harder Than Hiring 08:35 The One Error That Could Kill KAST 09:52 How Raagulan Convinces Stablecoin Skeptics 10:46 What Outsiders Miss About The Payment Industry 12:06 Why KAST Needs So Many Different Departments 18:32 Partnerships: Variational & Bitwise 19:24 Raagulan's Real Take On Fees 21:55 KAST's Best Type Of Customer 23:53 The Thing Raagulan Can't Say Publicly 26:54 Founders Can't Chase All These Three Things At Once 29:04 Raagulan's Experience With GLP-1s 31:39 How KAST Kept Growing When Bitcoin Crashed 50% 34:05 KAST Is On Track For $100 Million In Revenue 36:55 Why KAST Hasn't Blown Up From Overspending 41:04 Why Everyone's Racing To Build Neobanks 42:52 What Makes Neobanks So Hard To Build 44:54 Why Neobanks Keep Shutting Down 45:57 What KAST Offers That Exchanges Can't 49:14 KAST Isn't A Card Business 50:43 How KAST Is Building Momentum 54:57 Raagulan On His Competitors 56:29 Partnerships: KAST & Trezor 57:33 Kevin's Honest Take On KAST 58:59 What KAST Is Doing With the $80 Million they raised 01:01:55 Would Raagulan Ever Sell Equity? 01:06:57 Who Buys In At A $3B Valuation Next? 01:08:39 Is Your Money Actually Yours Inside KAST 01:10:49 What Happens To Your Money If KAST Collapses 01:17:38 Custodial Vs Self-Custodial: Pros And Cons 01:19:52 Why KAST Obsesses Over Design And Brand 01:22:42 Partnerships: Jupiter & Ethena 01:23:26 KAST Points & Token: Should The KAST Community Feel Cheated? 01:34:13 What's Actually Behind This Tokenized Stock? 01:35:25 The Hill Raagulan Will Die On 01:36:41 One Prediction That Comes True In 5 Years 01:37:59 Is The Worst Behind Us In Crypto? 01:42:57 The One Thing To Remember From This Conversation 01:45:16 Closing Thoughts
1:46:06

E180: KAST Founder: Most crypto neobanks will be gone in 12 months raagulanpathy is the founder and CEO of KAST , a global stablecoin neobank, and a former Circle exec. He raised $80 million at a $600 million valuation on the thesis that the real prize isn't the stablecoin - it's the bank you build on top of it. We get into the money, the grind, and the token decision that pissed a chunk of his community off. Timestamps 00:00 Introduction 01:58 How Raagulan Decides What Gets Done At KAST 04:35 The Chaos KAST Employees Deal With Daily 05:38 Raagulan's Hiring Philosophy At KAST 07:02 Why Firing Is Harder Than Hiring 08:35 The One Error That Could Kill KAST 09:52 How Raagulan Convinces Stablecoin Skeptics 10:46 What Outsiders Miss About The Payment Industry 12:06 Why KAST Needs So Many Different Departments 18:32 Partnerships: Variational & Bitwise 19:24 Raagulan's Real Take On Fees 21:55 KAST's Best Type Of Customer 23:53 The Thing Raagulan Can't Say Publicly 26:54 Founders Can't Chase All These Three Things At Once 29:04 Raagulan's Experience With GLP-1s 31:39 How KAST Kept Growing When Bitcoin Crashed 50% 34:05 KAST Is On Track For $100 Million In Revenue 36:55 Why KAST Hasn't Blown Up From Overspending 41:04 Why Everyone's Racing To Build Neobanks 42:52 What Makes Neobanks So Hard To Build 44:54 Why Neobanks Keep Shutting Down 45:57 What KAST Offers That Exchanges Can't 49:14 KAST Isn't A Card Business 50:43 How KAST Is Building Momentum 54:57 Raagulan On His Competitors 56:29 Partnerships: KAST & Trezor 57:33 Kevin's Honest Take On KAST 58:59 What KAST Is Doing With the $80 Million they raised 01:01:55 Would Raagulan Ever Sell Equity? 01:06:57 Who Buys In At A $3B Valuation Next? 01:08:39 Is Your Money Actually Yours Inside KAST 01:10:49 What Happens To Your Money If KAST Collapses 01:17:38 Custodial Vs Self-Custodial: Pros And Cons 01:19:52 Why KAST Obsesses Over Design And Brand 01:22:42 Partnerships: Jupiter & Ethena 01:23:26 KAST Points & Token: Should The KAST Community Feel Cheated? 01:34:13 What's Actually Behind This Tokenized Stock? 01:35:25 The Hill Raagulan Will Die On 01:36:41 One Prediction That Comes True In 5 Years 01:37:59 Is The Worst Behind Us In Crypto? 01:42:57 The One Thing To Remember From This Conversation 01:45:16 Closing Thoughts

MR SHIFT 🦁

177,453 views • 2 months ago

DROPS E34: Plasma - Stablecoins Will Outgrow Crypto zaheer is Chief Strategy Officer at Plasma. Nine years across the full stack - buy side research, DeFi, centralized exchanges becoming multi-hundred billion dollar businesses - and now CSO at the stablecoin neobank he was backing before he joined. We cover why stablecoins are the only crypto vertical set to outgrow crypto, what's actually broken about every wallet people use today, and what a 90% token drawdown means when you're still in beta. We talk about: - Why nobody owns stablecoin customer distribution today - Why stablecoins are the only vertical bigger than crypto itself - Plasma One - making stablecoin spending feel like Revolut or Venmo - Getting card fees 50-80% cheaper than anything that exists - The shift from tech-first narrative to outcome-first product - Exchange dominance never lasts - from BitMEX to Binance to FTX to whatever's next - Staying under 50 people and why over-hiring kills companies And much more… Timestamps: 0:00 - Introduction 1:43 - Who are you? 2:53 - 9 years of experience 5:33 - Patience in a Bear Market 8:29 - What people get wrong about Crypto? 12:42 - Relation between Plasma & Zaheer 14:36 - Right time to Build 16:46 - Explaining Plasma 18:43 - Focus of Plasma 20:41 - From Tech-First to Revenue-First 22:49 - How does Plasma make money? 24:09 - What is Plasma One? 24:53 - How Plasma is 10x Cheaper, Faster and Better? 27:52 - Fixing broken Crypto UX 29:02 - The Fees Game 31:30 - Hiring in Plasma 33:43 - Ultimate KPI for Plasma 34:37 - Who's a user? 35:44 - Way Forward for XPL
39:42

DROPS E34: Plasma - Stablecoins Will Outgrow Crypto zaheer is Chief Strategy Officer at Plasma. Nine years across the full stack - buy side research, DeFi, centralized exchanges becoming multi-hundred billion dollar businesses - and now CSO at the stablecoin neobank he was backing before he joined. We cover why stablecoins are the only crypto vertical set to outgrow crypto, what's actually broken about every wallet people use today, and what a 90% token drawdown means when you're still in beta. We talk about: - Why nobody owns stablecoin customer distribution today - Why stablecoins are the only vertical bigger than crypto itself - Plasma One - making stablecoin spending feel like Revolut or Venmo - Getting card fees 50-80% cheaper than anything that exists - The shift from tech-first narrative to outcome-first product - Exchange dominance never lasts - from BitMEX to Binance to FTX to whatever's next - Staying under 50 people and why over-hiring kills companies And much more… Timestamps: 0:00 - Introduction 1:43 - Who are you? 2:53 - 9 years of experience 5:33 - Patience in a Bear Market 8:29 - What people get wrong about Crypto? 12:42 - Relation between Plasma & Zaheer 14:36 - Right time to Build 16:46 - Explaining Plasma 18:43 - Focus of Plasma 20:41 - From Tech-First to Revenue-First 22:49 - How does Plasma make money? 24:09 - What is Plasma One? 24:53 - How Plasma is 10x Cheaper, Faster and Better? 27:52 - Fixing broken Crypto UX 29:02 - The Fees Game 31:30 - Hiring in Plasma 33:43 - Ultimate KPI for Plasma 34:37 - Who's a user? 35:44 - Way Forward for XPL

MR SHIFT 🦁

54,024 views • 5 months ago

E184: Trezor CTO: Why Smart People Still Get Scammed and How To Spot An AI Deepfake Before It Drains Your Wallet Tomas Susanka is the CTO of Trezor. He studied cryptography before building the hardware wallets that pioneered self-custody. We get into why people are so bad at judging risk, how scammers now use AI to sound completely legit, and whether quantum computers are actually coming for Bitcoin. Timestamps 0:00 Intro 4:15 What Tomas Actually Builds 6:28 Why Bitcoin Still Matters 8:25 Who Is Tomas Susanka? 10:10 Why Humans Suck At Security 12:58 Why We Downplay Risk 14:27 How To Actually Think About Risk 15:25 Does Being Smart Lower Your Risk? 16:54 Why Smart People Fall For Scams 23:39 How To Actually Fix The Scam Problem 25:12 Partnerships: Piero Negrini Bitwise 28:57 How Tomas Protects His Own Assets 29:49 The Craziest Hack Tomas Has Seen 31:24 The Security Habit That Looks Insane 32:27 Why Self-Custody Actually Matters 36:05 When You Actually Need A Hardware Wallet 41:42 Hardware Wallet Myths Debunked 44:16 Solving Crypto's Inheritance Problem 46:29 Should You Keep Assets On An Exchange? 47:32 Partnership: KAST 48:20 The Security Setup For Kevin's Grandma 50:08 How To Stop Hacks And Scams 1:01:57 Should You Upgrade Your Trezor? 1:04:02 The Weirdest Seed Phrase Hiding Spot 1:05:28 How Self-Custody Stops Being Archaic 1:08:07 Partnerships: Jupiter Ethena 1:08:50 The Biggest Problem With Self-Custody 1:09:52 Is Quantum Computing A Real Threat? 1:14:48 Who's Actually Taking Quantum Seriously? 1:20:41 Who's Protecting Bitcoin From Quantum? 1:23:58 The Crypto Belief Tomas Rejects 1:25:03 Is Self-Custody Oversold? 1:26:12 Is There A Future For Digital Identity? 1:27:56 Is Self-Custody Getting Too Complicated? 1:28:42 The Worst Advice Tomas Has Heard 1:29:43 Does AI Make You Safer Or More Vulnerable? 1:31:25 Closing Thoughts
1:32:16

E184: Trezor CTO: Why Smart People Still Get Scammed and How To Spot An AI Deepfake Before It Drains Your Wallet Tomas Susanka is the CTO of Trezor. He studied cryptography before building the hardware wallets that pioneered self-custody. We get into why people are so bad at judging risk, how scammers now use AI to sound completely legit, and whether quantum computers are actually coming for Bitcoin. Timestamps 0:00 Intro 4:15 What Tomas Actually Builds 6:28 Why Bitcoin Still Matters 8:25 Who Is Tomas Susanka? 10:10 Why Humans Suck At Security 12:58 Why We Downplay Risk 14:27 How To Actually Think About Risk 15:25 Does Being Smart Lower Your Risk? 16:54 Why Smart People Fall For Scams 23:39 How To Actually Fix The Scam Problem 25:12 Partnerships: Piero Negrini Bitwise 28:57 How Tomas Protects His Own Assets 29:49 The Craziest Hack Tomas Has Seen 31:24 The Security Habit That Looks Insane 32:27 Why Self-Custody Actually Matters 36:05 When You Actually Need A Hardware Wallet 41:42 Hardware Wallet Myths Debunked 44:16 Solving Crypto's Inheritance Problem 46:29 Should You Keep Assets On An Exchange? 47:32 Partnership: KAST 48:20 The Security Setup For Kevin's Grandma 50:08 How To Stop Hacks And Scams 1:01:57 Should You Upgrade Your Trezor? 1:04:02 The Weirdest Seed Phrase Hiding Spot 1:05:28 How Self-Custody Stops Being Archaic 1:08:07 Partnerships: Jupiter Ethena 1:08:50 The Biggest Problem With Self-Custody 1:09:52 Is Quantum Computing A Real Threat? 1:14:48 Who's Actually Taking Quantum Seriously? 1:20:41 Who's Protecting Bitcoin From Quantum? 1:23:58 The Crypto Belief Tomas Rejects 1:25:03 Is Self-Custody Oversold? 1:26:12 Is There A Future For Digital Identity? 1:27:56 Is Self-Custody Getting Too Complicated? 1:28:42 The Worst Advice Tomas Has Heard 1:29:43 Does AI Make You Safer Or More Vulnerable? 1:31:25 Closing Thoughts

MR SHIFT 🦁

92,046 views • 1 month ago

E164 - GSR - $30 trillion is coming on-chain Xin Song is CEO of GSR - 12 years in, bootstrapped with $20K, still standing after FTX - and he thinks in decades, not quarters. A masterclass in market structure, what's actually broken about token launches, and why the $30 trillion tokenization opportunity still needs a demand side. Timestamps: 0:00 Introduction 2:02 Sleep & Age Banter 3:15 Advantage Of Age & Maturity 7:33 Who Is Xin Song? 9:23 What Did You Learn From Your Parents 12:47 Partnerships: Jupiter KAST 13:27 What’s Happening With Crypto Right Now Considering The Market 16:12 What Broken Market Structure Means 19:18 Why Crypto Companies Shouldn’t Be Competing With Each Other 21:27 What Shocks You That People Don’t Understand With Crypto vs TradFi 26:42 What’s The Incentive To Make These Changes 28:41 GSR Explained To Your Mom 32:51 Partnerships: Ethena Sumsub 33:53 Why Do Market Makers In Crypto Have Bad Reputations 36:48 How To Fix The Crypto Market Makers Reputation 40:09 What Does It Mean That GSR Wants To Become The Goldman Sachs Of Crypto 42:05 Example: Goldman Sachs Worked With Coca Cola & How GSR Reflects That In The Web 3 World 44:50 Why Is It Necessary For GSR To Become The Goldman Sachs Of Web 3 48:34 You Made 2 Major Acquisitions, Why? 51:49 Partnerships: Trezor Bitwise Sui 52:45 Why Is Now The Best Moment For Focusing On Tokenization 56:24 What Must Happen For 10% Of $300 Trillion To Be On Chain 59:20 Katana ⚔️ Explained Simply 1:12:18 Closing Thoughts
1:13:17

E164 - GSR - $30 trillion is coming on-chain Xin Song is CEO of GSR - 12 years in, bootstrapped with $20K, still standing after FTX - and he thinks in decades, not quarters. A masterclass in market structure, what's actually broken about token launches, and why the $30 trillion tokenization opportunity still needs a demand side. Timestamps: 0:00 Introduction 2:02 Sleep & Age Banter 3:15 Advantage Of Age & Maturity 7:33 Who Is Xin Song? 9:23 What Did You Learn From Your Parents 12:47 Partnerships: Jupiter KAST 13:27 What’s Happening With Crypto Right Now Considering The Market 16:12 What Broken Market Structure Means 19:18 Why Crypto Companies Shouldn’t Be Competing With Each Other 21:27 What Shocks You That People Don’t Understand With Crypto vs TradFi 26:42 What’s The Incentive To Make These Changes 28:41 GSR Explained To Your Mom 32:51 Partnerships: Ethena Sumsub 33:53 Why Do Market Makers In Crypto Have Bad Reputations 36:48 How To Fix The Crypto Market Makers Reputation 40:09 What Does It Mean That GSR Wants To Become The Goldman Sachs Of Crypto 42:05 Example: Goldman Sachs Worked With Coca Cola & How GSR Reflects That In The Web 3 World 44:50 Why Is It Necessary For GSR To Become The Goldman Sachs Of Web 3 48:34 You Made 2 Major Acquisitions, Why? 51:49 Partnerships: Trezor Bitwise Sui 52:45 Why Is Now The Best Moment For Focusing On Tokenization 56:24 What Must Happen For 10% Of $300 Trillion To Be On Chain 59:20 Katana ⚔️ Explained Simply 1:12:18 Closing Thoughts

MR SHIFT 🦁

64,711 views • 6 months ago

Did the Ninth Circuit Just Send Kalshi to the Supreme Court? Is a Ninth Circuit loss actually good news for Kalshi's Supreme Court odds? Andy Ross makes that case to Austin Campbell, Ram Ahluwalia CFA, Lumida, and Christopher Perkins 🦅🌎⚓️NYC on the new Bits + Bips. ⚖️ Timestamps: 📣 00:39 1inch Aqua: Back multiple liquidity positions with one wallet at 🤖 01:31 How OpenAI's agents built a covert message board to game evaluations ⚖️ 11:16 Why Andy says blaming AI is easier than admitting human error 📣 17:18 1inch Aqua: See how the new shared liquidity platform works at 🏛️ 18:05 Ninth Circuit rules Nevada can enforce gambling law against Kalshi 🎯 22:49 Why the CFTC believes it has federal preemption over event contracts 💹 28:47 Perpetuals are back, and Kalshi is adding gold, FX, and rates contracts 📜 33:43 Austin on the blurry legal line between a swap and a future 🏦 41:45 Warsh's hawkish Jackson Hole speech and September hike odds 💰 52:14 Why Austin thinks Congress, not the Fed, owns the debt problem 🌐 56:03 Andy on stablecoin dollarization and Kalshi's coming AI markets
59:29

Did the Ninth Circuit Just Send Kalshi to the Supreme Court? Is a Ninth Circuit loss actually good news for Kalshi's Supreme Court odds? Andy Ross makes that case to Austin Campbell, Ram Ahluwalia CFA, Lumida, and Christopher Perkins 🦅🌎⚓️NYC on the new Bits + Bips. ⚖️ Timestamps: 📣 00:39 1inch Aqua: Back multiple liquidity positions with one wallet at 🤖 01:31 How OpenAI's agents built a covert message board to game evaluations ⚖️ 11:16 Why Andy says blaming AI is easier than admitting human error 📣 17:18 1inch Aqua: See how the new shared liquidity platform works at 🏛️ 18:05 Ninth Circuit rules Nevada can enforce gambling law against Kalshi 🎯 22:49 Why the CFTC believes it has federal preemption over event contracts 💹 28:47 Perpetuals are back, and Kalshi is adding gold, FX, and rates contracts 📜 33:43 Austin on the blurry legal line between a swap and a future 🏦 41:45 Warsh's hawkish Jackson Hole speech and September hike odds 💰 52:14 Why Austin thinks Congress, not the Fed, owns the debt problem 🌐 56:03 Andy on stablecoin dollarization and Kalshi's coming AI markets

Laura Shin

13,073 views • 25 days ago

From a Thai prison cell to a fintech empire processing $1.6B in international payments across 40+ banks and 250M+ users. Jonathan Low (Jonathan Low). Forbes 40 Under 40. Author of "Cell to CEO." We covered prison, banking for AI agents, RWA projects, the future of crypto in banking, vibe coding for trading, and the businesses that win the next 5 years. ⏱ Timestamps: 00:00:00 — Teaser 00:00:46 — Who is Jonathan Low 00:01:35 — What Jonathan's life was like before prison 00:02:13 — How and why Jonathan ended up in prison 00:02:57 — Prison conditions: expectations vs reality 00:07:33 — Prison became the greatest blessing 00:09:12 — How the entrepreneurial journey began after prison 00:10:34 — Why social capital matters 00:11:06 — Launched own club and took it to the top in 3 months 00:12:09 — Built an Axie Infinity gaming guild during COVID 00:13:49 — The beginning of the BipTap Group journey 00:17:23 — How Jonathan built his own banking system 00:20:07 — How to get a crypto card 00:22:03 — How much it costs to launch a white-label solution with BipTap 00:22:58 — Banking for AI agents 00:25:57 — How to build an RWA project 00:27:45 — Future of cryptocurrencies in banking 00:32:08 — The business verticals within Empire Group 00:32:48 — What Jonathan invests his money in 00:33:54 — How relationships with regulators are built 00:34:43 — Implementing AI in business 00:36:28 — Vibe coding in trading 00:40:06 — Advice for first-time founders 00:43:36 — From construction to trading: Ruslan Khairullin's journey 00:44:57 — Inner peace: why calmness is essential for founders 00:50:39 — Work-life balance for entrepreneurs 00:53:47 — $1.5 million in 24 hours on TST coin 00:55:11 — The best way to capture a market 00:55:57 — Banking for nations Watch the full conversation and let me know which part you liked the most 👇
58:52

From a Thai prison cell to a fintech empire processing $1.6B in international payments across 40+ banks and 250M+ users. Jonathan Low (Jonathan Low). Forbes 40 Under 40. Author of "Cell to CEO." We covered prison, banking for AI agents, RWA projects, the future of crypto in banking, vibe coding for trading, and the businesses that win the next 5 years. ⏱ Timestamps: 00:00:00 — Teaser 00:00:46 — Who is Jonathan Low 00:01:35 — What Jonathan's life was like before prison 00:02:13 — How and why Jonathan ended up in prison 00:02:57 — Prison conditions: expectations vs reality 00:07:33 — Prison became the greatest blessing 00:09:12 — How the entrepreneurial journey began after prison 00:10:34 — Why social capital matters 00:11:06 — Launched own club and took it to the top in 3 months 00:12:09 — Built an Axie Infinity gaming guild during COVID 00:13:49 — The beginning of the BipTap Group journey 00:17:23 — How Jonathan built his own banking system 00:20:07 — How to get a crypto card 00:22:03 — How much it costs to launch a white-label solution with BipTap 00:22:58 — Banking for AI agents 00:25:57 — How to build an RWA project 00:27:45 — Future of cryptocurrencies in banking 00:32:08 — The business verticals within Empire Group 00:32:48 — What Jonathan invests his money in 00:33:54 — How relationships with regulators are built 00:34:43 — Implementing AI in business 00:36:28 — Vibe coding in trading 00:40:06 — Advice for first-time founders 00:43:36 — From construction to trading: Ruslan Khairullin's journey 00:44:57 — Inner peace: why calmness is essential for founders 00:50:39 — Work-life balance for entrepreneurs 00:53:47 — $1.5 million in 24 hours on TST coin 00:55:11 — The best way to capture a market 00:55:57 — Banking for nations Watch the full conversation and let me know which part you liked the most 👇

Ruslan Khairullin

16,872 views • 3 months ago

E179: Mert Mumtaz - $SOL at $8. zcash:native at $18. The framework that caught both, and the next potential gem I sat down for the 3rd time with mert the CoFounder of Solana and the CEO of Zcash 🛡️ for a banger episode where we cut through the noise, understand the thesis for Solana and $SOL in 2026, why zcash:native is the last 100x in the large caps and why $NEAR might be the next $SOL at $8 and zcash:native at $18 Timestamps 0:00 Introduction 4:05 Dating On Zero Sleep: Mert's Relationship Secret 7:30 The X Growth Hack That 6x'd His Following 8:51 Partnerships: Piero Negrini @BitwiseInvest 9:44 $SOL Crashed To $8... Then Everything Changed 15:48 Solana's Secret Leadership Shakeup 18:22 The Two Laws That Future-Proof Solana 25:47 Why Solana Wins By Default 28:05 Why Traders Are Blind To Solana 30:38 Partnerships: KAST Trezor 31:43 One of Mert's Big Bets: Solana In 2026 36:42 How Solana Becomes The New Wall Street 42:45 The Countdown To Solana's Big Upgrade 44:23 Is Solana Actually Back? 47:31 Partnerships: Jupiter Ethena 48:14 The Zcash "Scandal" That Wasn't 55:39 AI Is Coming For DeFi's Bugs 59:24 zcash:native 's 20X Case or more, Explained 1:04:40 NEAR Protocol : The Dark Horse Mert Is Watching 1:09:32 Closing Thoughts
1:12:22

E179: Mert Mumtaz - $SOL at $8. zcash:native at $18. The framework that caught both, and the next potential gem I sat down for the 3rd time with mert the CoFounder of Solana and the CEO of Zcash 🛡️ for a banger episode where we cut through the noise, understand the thesis for Solana and $SOL in 2026, why zcash:native is the last 100x in the large caps and why $NEAR might be the next $SOL at $8 and zcash:native at $18 Timestamps 0:00 Introduction 4:05 Dating On Zero Sleep: Mert's Relationship Secret 7:30 The X Growth Hack That 6x'd His Following 8:51 Partnerships: Piero Negrini @BitwiseInvest 9:44 $SOL Crashed To $8... Then Everything Changed 15:48 Solana's Secret Leadership Shakeup 18:22 The Two Laws That Future-Proof Solana 25:47 Why Solana Wins By Default 28:05 Why Traders Are Blind To Solana 30:38 Partnerships: KAST Trezor 31:43 One of Mert's Big Bets: Solana In 2026 36:42 How Solana Becomes The New Wall Street 42:45 The Countdown To Solana's Big Upgrade 44:23 Is Solana Actually Back? 47:31 Partnerships: Jupiter Ethena 48:14 The Zcash "Scandal" That Wasn't 55:39 AI Is Coming For DeFi's Bugs 59:24 zcash:native 's 20X Case or more, Explained 1:04:40 NEAR Protocol : The Dark Horse Mert Is Watching 1:09:32 Closing Thoughts

MR SHIFT 🦁

214,270 views • 2 months ago

E181: The Wolf Of All Streets - Bitcoin and chill. That's the whole thesis Scott Melker hosts The Wolf Of All Streets and just launched the first daily crypto show on a mainstream network with Yahoo Finance. He was a DJ before he was a trader, got wrecked as a top creditor in the Voyager collapse, and rebuilt his entire approach to money around one asset. We get into why he's almost entirely Bitcoin now, what he actually tells his audience to do with their cash, and what guests say once the cameras stop rolling. Timestamps: 00:00 Intro 01:52 Why Scott dressed up for this Podcast 02:54 Where does the optimism come from? 03:41 Something that never got better? 04:43 Who are you? 07:05 Why do DJs fall down the crypto rabbit hole? 08:48 Did you actually make money trading? 09:51 When did you go beyond trading? 11:42 Sponsor: Variational , Bitwise 12:34 Is crypto still relevant in 2026? 13:33 Does crypto go higher from here? 14:38 How do I participate without building a business? 16:11 What do you buy every month? 18:50 How do you form your opinions? 20:04 What about yield? 21:01 Can you still make it in crypto without a business? 21:52 Will Bitcoin trade much higher? 23:42 Taking a media business to the next level 25:14 How did the Yahoo Finance show happen? 26:29 How to not get bored when crypto gets boring? 28:06 Sponsor: KAST 28:58 Crypto media sucks - how do we grow the pie? 30:00 Biggest lessons from interviewing the best? 31:44 What do you tell the dad who wants to trade Bitcoin? 34:17 How does the average Joe get rich in 2026? 35:37 What did you learn in 2022? 38:05 What do you buy besides Bitcoin? 39:23 Scott's most unexpected best interview? 41:25 When did a personal brand become a game changer? 43:00 The biggest myth about investing 44:12 Sponsor: Jupiter , Ethena 44:52 What's your goal with your media company? 47:17 Do you have a number in mind? 49:05 What's the risk of not owning Bitcoin? 50:38 What do you hear behind the scenes? 52:01 How do you stay motivated in a bear market? 53:32 Give us your optimism
58:08

E181: The Wolf Of All Streets - Bitcoin and chill. That's the whole thesis Scott Melker hosts The Wolf Of All Streets and just launched the first daily crypto show on a mainstream network with Yahoo Finance. He was a DJ before he was a trader, got wrecked as a top creditor in the Voyager collapse, and rebuilt his entire approach to money around one asset. We get into why he's almost entirely Bitcoin now, what he actually tells his audience to do with their cash, and what guests say once the cameras stop rolling. Timestamps: 00:00 Intro 01:52 Why Scott dressed up for this Podcast 02:54 Where does the optimism come from? 03:41 Something that never got better? 04:43 Who are you? 07:05 Why do DJs fall down the crypto rabbit hole? 08:48 Did you actually make money trading? 09:51 When did you go beyond trading? 11:42 Sponsor: Variational , Bitwise 12:34 Is crypto still relevant in 2026? 13:33 Does crypto go higher from here? 14:38 How do I participate without building a business? 16:11 What do you buy every month? 18:50 How do you form your opinions? 20:04 What about yield? 21:01 Can you still make it in crypto without a business? 21:52 Will Bitcoin trade much higher? 23:42 Taking a media business to the next level 25:14 How did the Yahoo Finance show happen? 26:29 How to not get bored when crypto gets boring? 28:06 Sponsor: KAST 28:58 Crypto media sucks - how do we grow the pie? 30:00 Biggest lessons from interviewing the best? 31:44 What do you tell the dad who wants to trade Bitcoin? 34:17 How does the average Joe get rich in 2026? 35:37 What did you learn in 2022? 38:05 What do you buy besides Bitcoin? 39:23 Scott's most unexpected best interview? 41:25 When did a personal brand become a game changer? 43:00 The biggest myth about investing 44:12 Sponsor: Jupiter , Ethena 44:52 What's your goal with your media company? 47:17 Do you have a number in mind? 49:05 What's the risk of not owning Bitcoin? 50:38 What do you hear behind the scenes? 52:01 How do you stay motivated in a bear market? 53:32 Give us your optimism

MR SHIFT 🦁

206,869 views • 1 month ago

An Agent Deleted Kain's Database. Two AI Models Rebuilt It in 30 Seconds 🤖 @kaiynne says AI testing agents built their own "society" inside OpenAI's sandbox, then used it to break into Hugging Face. Tay 💖 isn't sure that's actually reassuring. 🤖 Timestamps: 🍴 00:40 Why Luke Dashjr's OP_RETURN fork split Bitcoin, then died in two blocks 💧 12:03 1inch Aqua: Back multiple liquidity positions from one wallet at 🔓 12:51 How a Metabase breach exposed Privy and a wave of other crypto apps 🇰🇵 18:32 A DPRK hacker's botched $500k laundering job, then a DEF CON fake-hire sting ⚖️ 24:45 Why Bybit is suing DPRK over its 'billion dollar' 2025 hack 🐜 30:30 The AI agents that built their own society inside OpenAI's sandbox 🕸️ 46:16 How a single shared repo let every sandboxed agent talk to each other 💾 47:44 Kain's coding agent deleted his database. Two AI models rebuilt it in 30 seconds 🏛️ 58:06 Why Taylor says the US government, not China, is AI's biggest risk 📊 01:03:12 Why Hyperliquid's RWA market creators keep half of HIP-3's fees
1:12:12

An Agent Deleted Kain's Database. Two AI Models Rebuilt It in 30 Seconds 🤖 @kaiynne says AI testing agents built their own "society" inside OpenAI's sandbox, then used it to break into Hugging Face. Tay 💖 isn't sure that's actually reassuring. 🤖 Timestamps: 🍴 00:40 Why Luke Dashjr's OP_RETURN fork split Bitcoin, then died in two blocks 💧 12:03 1inch Aqua: Back multiple liquidity positions from one wallet at 🔓 12:51 How a Metabase breach exposed Privy and a wave of other crypto apps 🇰🇵 18:32 A DPRK hacker's botched $500k laundering job, then a DEF CON fake-hire sting ⚖️ 24:45 Why Bybit is suing DPRK over its 'billion dollar' 2025 hack 🐜 30:30 The AI agents that built their own society inside OpenAI's sandbox 🕸️ 46:16 How a single shared repo let every sandboxed agent talk to each other 💾 47:44 Kain's coding agent deleted his database. Two AI models rebuilt it in 30 seconds 🏛️ 58:06 Why Taylor says the US government, not China, is AI's biggest risk 📊 01:03:12 Why Hyperliquid's RWA market creators keep half of HIP-3's fees

Laura Shin

13,184 views • 1 month ago

Victor Haghani helped build LTCM & watched it collapse — with winning trades still on the books. The lesson was never what to buy. It was how much. Victor Haghani (Co-founder @ LTCM | Founder @ Elm Wealth | Author of The Missing Billionaires) "It wasn't on the selection of the trades. It was on the sizing." We cover: - The two decisions every investor makes: what to own and how much, and why everyone fixates on the harder one - The biased-coin game that bankrupted Wall Street PMs and finance grads: a 60/40 edge handed to them, and they still blew up - Why the cost of risk is a fee you pay yourself, plus the napkin rule to price it (15% vol = 2.25% a year) - The Elon problem: 50% vol on your net worth means a ~90% chance of little left in 10 years, before anyone's even bearish - "The right answer to the wrong question," and why chasing billionaire money wrecks the plan - The crystal-ball game: hand someone tomorrow's WSJ front page and watch 1 in 6 still go bust - Claude, GPT, Gemini and Grok play the same game, and the two AIs that actually lost money - His 92-year-old mother, who day-trades every day and won't hear a word of it Highlights: 00:00 Right & ruined — the LTCM paradox 01:40 The two decisions: what to invest in vs. how much 02:50 The 60/40 coin & why max-EV bankrupts you 04:00 The experiment: PMs & PhDs sizing it all wrong 07:00 Kelly in plain English — a constant 10–20% 08:20 Why sizing isn't zero-sum, but beating the market is 10:30 Why even pros don't optimize sizing 12:50 The cost of risk is a fee — paid to yourself 15:20 Pricing your own risk: variance as the charge 16:30 Concentrated stock: 30% vol = a 9% toll 20:50 Elon, 50% vol & the log-normal trap 22:45 The right answer to the wrong question 23:35 The real objective: smooth lifetime spending & giving 27:35 The crystal-ball / WSJ front-page game 33:25 Claude, GPT, Gemini & Grok step up to trade 37:40 Claude's 66% hit rate — & the two AIs that lost money 40:35 Can anyone actually beat the market? 50:25 How much risk a young person should take 58:00 Estimating your human capital 1:02:40 The mom who won't stop day-trading 1:07:30 The one rule: if you don't save, nothing else matters
1:11:55

Victor Haghani helped build LTCM & watched it collapse — with winning trades still on the books. The lesson was never what to buy. It was how much. Victor Haghani (Co-founder @ LTCM | Founder @ Elm Wealth | Author of The Missing Billionaires) "It wasn't on the selection of the trades. It was on the sizing." We cover: - The two decisions every investor makes: what to own and how much, and why everyone fixates on the harder one - The biased-coin game that bankrupted Wall Street PMs and finance grads: a 60/40 edge handed to them, and they still blew up - Why the cost of risk is a fee you pay yourself, plus the napkin rule to price it (15% vol = 2.25% a year) - The Elon problem: 50% vol on your net worth means a ~90% chance of little left in 10 years, before anyone's even bearish - "The right answer to the wrong question," and why chasing billionaire money wrecks the plan - The crystal-ball game: hand someone tomorrow's WSJ front page and watch 1 in 6 still go bust - Claude, GPT, Gemini and Grok play the same game, and the two AIs that actually lost money - His 92-year-old mother, who day-trades every day and won't hear a word of it Highlights: 00:00 Right & ruined — the LTCM paradox 01:40 The two decisions: what to invest in vs. how much 02:50 The 60/40 coin & why max-EV bankrupts you 04:00 The experiment: PMs & PhDs sizing it all wrong 07:00 Kelly in plain English — a constant 10–20% 08:20 Why sizing isn't zero-sum, but beating the market is 10:30 Why even pros don't optimize sizing 12:50 The cost of risk is a fee — paid to yourself 15:20 Pricing your own risk: variance as the charge 16:30 Concentrated stock: 30% vol = a 9% toll 20:50 Elon, 50% vol & the log-normal trap 22:45 The right answer to the wrong question 23:35 The real objective: smooth lifetime spending & giving 27:35 The crystal-ball / WSJ front-page game 33:25 Claude, GPT, Gemini & Grok step up to trade 37:40 Claude's 66% hit rate — & the two AIs that lost money 40:35 Can anyone actually beat the market? 50:25 How much risk a young person should take 58:00 Estimating your human capital 1:02:40 The mom who won't stop day-trading 1:07:30 The one rule: if you don't save, nothing else matters

Ethan Kho

626,586 views • 3 months ago