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Why token launches fail: extractive pricing, poor liquidity, delayed price discovery. Austin Adams of Doppler joins our Stateful podcast, hosted by Mason Nystrom. In this episode, they discuss onchain capital markets and fixing token launches and IPOs: - 20% of 2025 token launches traded below issue price - Custom...

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Pantera Capital

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17,412 görüntüleme • 5 ay önce •via X (Twitter)

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SPECIAL: 2025 Crypto & AI Predictions with Haseeb Qureshi In today's episode, & @robbie_rollup were joined by Haseeb ＞|＜ of Dragonfly ＞|＜ to discuss the year ahead in crypto, focusing on: > AI & Crypto convergence > AI Agent meta > New token launches & ICOs > Onchain price discovery > Big EVM and altVM chain launches Full episode links below. Timestamps: 00:00 Intro 01:25 The AI Meta 06:25 AI Causing Division 20:46 Next AI Infra Companies 39:09 Crypto and AI Dynamics 51:24 EVM vs. altVM Dominance 1:00:29 New Token Launches 1:06:09 Onchain Price Discovery & Regulation
1:20:26

SPECIAL: 2025 Crypto & AI Predictions with Haseeb Qureshi In today's episode, & @robbie_rollup were joined by Haseeb ＞|＜ of Dragonfly ＞|＜ to discuss the year ahead in crypto, focusing on: > AI & Crypto convergence > AI Agent meta > New token launches & ICOs > Onchain price discovery > Big EVM and altVM chain launches Full episode links below. Timestamps: 00:00 Intro 01:25 The AI Meta 06:25 AI Causing Division 20:46 Next AI Infra Companies 39:09 Crypto and AI Dynamics 51:24 EVM vs. altVM Dominance 1:00:29 New Token Launches 1:06:09 Onchain Price Discovery & Regulation

The Rollup

58,412 görüntüleme • 1 yıl önce

Everyone is arguing $SOL vs $ETH They’re missing the point: Solana = payments + retail flow Ethereum = institutions + capital markets Two different games. Two potential winners. Pantera Capital Junior Partner Mason Nystrom ⏱ TIME POINTS ⏱​ 00:00 – Intro 01:11 – Solana: Price vs Reality 03:10 – Solana Flips ETH (Stablecoins) 04:55 – Retail → Institutions Shift 06:50 – Why Solana Wins (vs L1s) 08:50 – Crypto VC Is Changing 10:16 – How Pantera Is Investing 12:50 – Prediction Markets Boom 15:02 – Vertical Apps Are Coming 17:07 – Nexo 17:45 – FortisX 18:22 – Better Token Launches? 20:40 – ICOs → On-Chain Markets 23:16 – AI + Crypto Converge 25:22 – When Do They Merge? 27:35 – What Is Neo Finance? 28:58 – Shareland 29:40 – CFTC Green Light 33:40 – Where Smart Money Looks 34:50 – Final Thoughts
35:38

Everyone is arguing $SOL vs $ETH They’re missing the point: Solana = payments + retail flow Ethereum = institutions + capital markets Two different games. Two potential winners. Pantera Capital Junior Partner Mason Nystrom ⏱ TIME POINTS ⏱​ 00:00 – Intro 01:11 – Solana: Price vs Reality 03:10 – Solana Flips ETH (Stablecoins) 04:55 – Retail → Institutions Shift 06:50 – Why Solana Wins (vs L1s) 08:50 – Crypto VC Is Changing 10:16 – How Pantera Is Investing 12:50 – Prediction Markets Boom 15:02 – Vertical Apps Are Coming 17:07 – Nexo 17:45 – FortisX 18:22 – Better Token Launches? 20:40 – ICOs → On-Chain Markets 23:16 – AI + Crypto Converge 25:22 – When Do They Merge? 27:35 – What Is Neo Finance? 28:58 – Shareland 29:40 – CFTC Green Light 33:40 – Where Smart Money Looks 34:50 – Final Thoughts

Milk Road

32,268 görüntüleme • 4 ay önce

Based Show: Internet Capital Markets & the Future of Tokenization Sahib X Mercy (aka ‘ICM Guy’) [Founder ICM.RUN ] 00:00 – Intro 00:22 – Rise of Internet Capital Markets 00:59 – What Is ICM & Why It Matters 02:07 – Tokenization Explained Simply 03:39 – Web2 Founders Entering Tokenization 04:55 – Legal Clarity & SEC Shifts 06:03 – Tokenization No Longer a Security 07:06 – Building Community Around ICM 08:21 – Tokenizing the Incubator 09:16 – ICM Run’s Market Impact 10:41 – Selecting Mentors & Advisors 12:09 – Science + Luck in Token Launches 15:22 – Post-TGE Support & Founder Focus 16:03 – Why ICM Builds on Solana 17:11 – Revenue-Driven Protocols & Pump Fund 18:00 – Solana’s Dominance & Ecosystem Growth 21:24 – Community, Memes & Culture in Web3 23:30 – Distribution & Relationships in Token Launches 27:12 – Patience & Forgiveness for Innovators 29:08 – Culture, Branding & Token Success 32:06 – Tokenizing Real Businesses 37:27 – Bringing Private Assets On-Chain 39:29 – The Green Zone: Institutions Entering Web3 41:11 – Prediction Markets & Regulatory Bets 42:38 – ICM Coin Aggregators & Discovery Tools 42:56 – Closing Remarks
58:56

Based Show: Internet Capital Markets & the Future of Tokenization Sahib X Mercy (aka ‘ICM Guy’) [Founder ICM.RUN ] 00:00 – Intro 00:22 – Rise of Internet Capital Markets 00:59 – What Is ICM & Why It Matters 02:07 – Tokenization Explained Simply 03:39 – Web2 Founders Entering Tokenization 04:55 – Legal Clarity & SEC Shifts 06:03 – Tokenization No Longer a Security 07:06 – Building Community Around ICM 08:21 – Tokenizing the Incubator 09:16 – ICM Run’s Market Impact 10:41 – Selecting Mentors & Advisors 12:09 – Science + Luck in Token Launches 15:22 – Post-TGE Support & Founder Focus 16:03 – Why ICM Builds on Solana 17:11 – Revenue-Driven Protocols & Pump Fund 18:00 – Solana’s Dominance & Ecosystem Growth 21:24 – Community, Memes & Culture in Web3 23:30 – Distribution & Relationships in Token Launches 27:12 – Patience & Forgiveness for Innovators 29:08 – Culture, Branding & Token Success 32:06 – Tokenizing Real Businesses 37:27 – Bringing Private Assets On-Chain 39:29 – The Green Zone: Institutions Entering Web3 41:11 – Prediction Markets & Regulatory Bets 42:38 – ICM Coin Aggregators & Discovery Tools 42:56 – Closing Remarks

Sahib

16,511 görüntüleme • 9 ay önce

NEW EPISODE - Jito Is Coming for Coinbase and Binance founder buffalu joins David Hoffman to unveil JTX, a new trading terminal built to make Solana feel like a centralized exchange without giving up onchain execution. They talk about: - Why Solana can already beat CEX pricing on some trades - How prop AMMs could move price discovery onchain - JTX’s expansion into equities, perps, and prediction markets - Why 80% of JTX revenue will flow back to the Jito DAO - Why Lucas believes SOL remains uniquely undervalued TIMESTAMPS --- 0:00 Solana and Tokenized Stocks 2:22 What Is JTX? 8:44 A Better Trading UX 11:25 Better Execution 15:37 The JTX Roadmap 19:35 solana:jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL and solana:So11111111111111111111111111111111111111112 Tokenomics 25:23 Why Solana Got Better 29:34 Prop AMMs Explained 37:25 Liquidity and Market Makers 40:04 Solana vs. Robinhood Chain 46:51 The JTX Rollout 48:07 Global Markets and the SOL Thesis
52:03

NEW EPISODE - Jito Is Coming for Coinbase and Binance founder buffalu joins David Hoffman to unveil JTX, a new trading terminal built to make Solana feel like a centralized exchange without giving up onchain execution. They talk about: - Why Solana can already beat CEX pricing on some trades - How prop AMMs could move price discovery onchain - JTX’s expansion into equities, perps, and prediction markets - Why 80% of JTX revenue will flow back to the Jito DAO - Why Lucas believes SOL remains uniquely undervalued TIMESTAMPS --- 0:00 Solana and Tokenized Stocks 2:22 What Is JTX? 8:44 A Better Trading UX 11:25 Better Execution 15:37 The JTX Roadmap 19:35 solana:jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL and solana:So11111111111111111111111111111111111111112 Tokenomics 25:23 Why Solana Got Better 29:34 Prop AMMs Explained 37:25 Liquidity and Market Makers 40:04 Solana vs. Robinhood Chain 46:51 The JTX Rollout 48:07 Global Markets and the SOL Thesis

Bankless

88,112 görüntüleme • 29 gün önce

My dear friend, Vlad Tenev, changed the landscape of investing forever! The rise of the retail investor is largely due to Robinhood's success... and in this new Journey Man, we discuss it all... Enjoy! 00:00 - Intro 00:53 - Introducing Vlad Tenev of Robinhood 01:27 - Why Take on Wall Street? 01:54 - Robinhood’s Zero-Fee Origin Story 02:53 - Inspiration from Instagram and Uber 04:24 - Reimagining Trading for Mobile 05:05 - The Challenge of Disrupting Finance 05:42 - Why Everything Is Hard 06:34 - Early Wrong Assumptions 07:42 - Raising Capital with a Small Vision 08:48 - Funding Robinhood on AngelList 09:50 - Early Investors Changed Their Lives 10:38 - The Crypto Explosion Begins 11:07 - Considering a Bitcoin Exchange First 12:17 - Bitcoin’s Early Skepticism and Growth 13:08 - Robinhood Launches Crypto in 2018 14:03 - 2020: Crypto Revenue Surges Overnight 15:04 - The Challenge of Crypto Cyclicality 16:11 - Staffing a Volatile Business 17:10 - Building Robinhood’s Lean Crypto Team 18:46 - Robinhood’s First Crypto Event Coming 19:38 - Where TradFi Meets DeFi 20:34 - Tokenizing Everything 21:09 - Robinhood’s Vision for Crypto + Finance 21:47 - Thoughts on Crypto Options Demand 23:04 - Why Crypto Options Haven’t Taken Off 24:09 - Millennials and the Speculative Economy 25:22 - Democratizing Trading for Everyone 26:08 - Why Buy-and-Hold Doesn’t Work for All 27:15 - Trading vs Investing: A Matter of Wealth 28:01 - Trading as a Skill Anyone Can Build 29:13 - Robinhood’s Role in Onboarding Millions 30:06 - The Fed's Role and Retail Insight 31:03 - The Rise of the Retail Macro Trader 32:17 - Helping Users Succeed with Robinhood Strategies 33:35 - Power of Community and the Hive Mind 34:55 - Will AI Disrupt Community Too? 36:14 - Technological Waves and Investor Opportunity 37:10 - Human Purpose in an AI World 37:52 - Tokenizing Human Connection 38:28 - Creators, Platforms, and Future-Proofing 39:26 - Vlad’s Long-Term View of the Future 40:05 - Financial Services at the Heart of Disruption 41:14 - If AI Replaces Jobs, What Happens to Investing? 42:25 - Entering the Economic Singularity 43:31 - What Happens When AIs Win the Markets? 44:16 - AI's Role in Capital and Markets 45:07 - Will AI Eliminate Human Emotion from Markets? 46:06 - HFT: The Original AI Traders 47:20 - AI and Long-Term Probabilistic Forecasting 48:48 - GPUs, Gaming, and the Origins of AI 50:01 - Nvidia, CUDA, and Wall Street Arms Races 51:04 - Flash Boys and Microwave Trading 51:54 - Will AI Costs Go to Zero? 52:52 - Lower Cost, Higher Usage 53:41 - Robinhood’s UX Won’t Be Just a Chatbox 55:16 - Cortex: AI-Powered Features at Robinhood 56:54 - Tokenization and the Future of Asset Management 57:44 - Crowdsourced, Tokenized Hedge Funds 58:48 - Portability of Tokenized Assets 59:39 - Blockchain as the New Rails of Finance 01:00:09 - The Trump Token and Capital Formation 01:01:00 - Capital Access Unlocks Innovation 01:01:49 - Why Crypto Needs Regulatory Clarity 01:03:17 - From Meme Coins to Real Assets 01:04:17 - Crypto's Path to $100 Trillion? 01:05:15 - The Financial System Will Run on Blockchains 01:06:00 - Platform Layer vs Application Layer Wealth 01:06:29 - AI Raises Money and Launches Tokens 01:07:39 - AIs Creating Software and Capital Formation 01:08:00 - Final Thoughts: A Wild Future Ahead 01:08:20 - When Will Vlad Buy a CryptoPunk? 01:08:51 - Wrapping Up: AI, Crypto, and the Road Ahead
1:09:53

My dear friend, Vlad Tenev, changed the landscape of investing forever! The rise of the retail investor is largely due to Robinhood's success... and in this new Journey Man, we discuss it all... Enjoy! 00:00 - Intro 00:53 - Introducing Vlad Tenev of Robinhood 01:27 - Why Take on Wall Street? 01:54 - Robinhood’s Zero-Fee Origin Story 02:53 - Inspiration from Instagram and Uber 04:24 - Reimagining Trading for Mobile 05:05 - The Challenge of Disrupting Finance 05:42 - Why Everything Is Hard 06:34 - Early Wrong Assumptions 07:42 - Raising Capital with a Small Vision 08:48 - Funding Robinhood on AngelList 09:50 - Early Investors Changed Their Lives 10:38 - The Crypto Explosion Begins 11:07 - Considering a Bitcoin Exchange First 12:17 - Bitcoin’s Early Skepticism and Growth 13:08 - Robinhood Launches Crypto in 2018 14:03 - 2020: Crypto Revenue Surges Overnight 15:04 - The Challenge of Crypto Cyclicality 16:11 - Staffing a Volatile Business 17:10 - Building Robinhood’s Lean Crypto Team 18:46 - Robinhood’s First Crypto Event Coming 19:38 - Where TradFi Meets DeFi 20:34 - Tokenizing Everything 21:09 - Robinhood’s Vision for Crypto + Finance 21:47 - Thoughts on Crypto Options Demand 23:04 - Why Crypto Options Haven’t Taken Off 24:09 - Millennials and the Speculative Economy 25:22 - Democratizing Trading for Everyone 26:08 - Why Buy-and-Hold Doesn’t Work for All 27:15 - Trading vs Investing: A Matter of Wealth 28:01 - Trading as a Skill Anyone Can Build 29:13 - Robinhood’s Role in Onboarding Millions 30:06 - The Fed's Role and Retail Insight 31:03 - The Rise of the Retail Macro Trader 32:17 - Helping Users Succeed with Robinhood Strategies 33:35 - Power of Community and the Hive Mind 34:55 - Will AI Disrupt Community Too? 36:14 - Technological Waves and Investor Opportunity 37:10 - Human Purpose in an AI World 37:52 - Tokenizing Human Connection 38:28 - Creators, Platforms, and Future-Proofing 39:26 - Vlad’s Long-Term View of the Future 40:05 - Financial Services at the Heart of Disruption 41:14 - If AI Replaces Jobs, What Happens to Investing? 42:25 - Entering the Economic Singularity 43:31 - What Happens When AIs Win the Markets? 44:16 - AI's Role in Capital and Markets 45:07 - Will AI Eliminate Human Emotion from Markets? 46:06 - HFT: The Original AI Traders 47:20 - AI and Long-Term Probabilistic Forecasting 48:48 - GPUs, Gaming, and the Origins of AI 50:01 - Nvidia, CUDA, and Wall Street Arms Races 51:04 - Flash Boys and Microwave Trading 51:54 - Will AI Costs Go to Zero? 52:52 - Lower Cost, Higher Usage 53:41 - Robinhood’s UX Won’t Be Just a Chatbox 55:16 - Cortex: AI-Powered Features at Robinhood 56:54 - Tokenization and the Future of Asset Management 57:44 - Crowdsourced, Tokenized Hedge Funds 58:48 - Portability of Tokenized Assets 59:39 - Blockchain as the New Rails of Finance 01:00:09 - The Trump Token and Capital Formation 01:01:00 - Capital Access Unlocks Innovation 01:01:49 - Why Crypto Needs Regulatory Clarity 01:03:17 - From Meme Coins to Real Assets 01:04:17 - Crypto's Path to $100 Trillion? 01:05:15 - The Financial System Will Run on Blockchains 01:06:00 - Platform Layer vs Application Layer Wealth 01:06:29 - AI Raises Money and Launches Tokens 01:07:39 - AIs Creating Software and Capital Formation 01:08:00 - Final Thoughts: A Wild Future Ahead 01:08:20 - When Will Vlad Buy a CryptoPunk? 01:08:51 - Wrapping Up: AI, Crypto, and the Road Ahead

Raoul Pal

172,640 görüntüleme • 1 yıl önce

🚨 New Proof of Vision episode for you folks today: In our 27th PoV episode, our Director of Protocol Services, Kirk, had on Sehaj, Co-Founder of Avantis Avantis is an advanced onchain exchange for cross-asset leverage, where users can long or short synthetic crypto, forex, and commodities or provide liquidity to power these markets. In this episode, we discussed the CEX vs DEX paradigm shift, how Avantis differentiates itself from Hyperliquid, the role of AMMs in scaling new asset classes, what’s next on their roadmap and more. Have a listen 👇 ⏲ Timestamps: 00:00 - Intro 02:29 - Sehaj Background 05:40 - CEX vs DEX: the future belongs onchain 08:20 - Not competing with Hyperliquid (different markets) 11:07 - Should you expect tokenized SPX onchain? 12:38 - Avantis System Explained 16:57 - Avantis & Its Funding Model 18:13 - Avantis Oracle Structure 22:03 - How Avantis Tracks Traders 25:18 - What is Positive Slippage? 27:15 - How Avantis Runs on No Fees 30:08 - Avantis Goes After Growth 31:30 - Avantis and Omni Chain Environments 34:58 - What Comes Next On Avantis? 37:06 - Avantis and Tokens
41:35

🚨 New Proof of Vision episode for you folks today: In our 27th PoV episode, our Director of Protocol Services, Kirk, had on Sehaj, Co-Founder of Avantis Avantis is an advanced onchain exchange for cross-asset leverage, where users can long or short synthetic crypto, forex, and commodities or provide liquidity to power these markets. In this episode, we discussed the CEX vs DEX paradigm shift, how Avantis differentiates itself from Hyperliquid, the role of AMMs in scaling new asset classes, what’s next on their roadmap and more. Have a listen 👇 ⏲ Timestamps: 00:00 - Intro 02:29 - Sehaj Background 05:40 - CEX vs DEX: the future belongs onchain 08:20 - Not competing with Hyperliquid (different markets) 11:07 - Should you expect tokenized SPX onchain? 12:38 - Avantis System Explained 16:57 - Avantis & Its Funding Model 18:13 - Avantis Oracle Structure 22:03 - How Avantis Tracks Traders 25:18 - What is Positive Slippage? 27:15 - How Avantis Runs on No Fees 30:08 - Avantis Goes After Growth 31:30 - Avantis and Omni Chain Environments 34:58 - What Comes Next On Avantis? 37:06 - Avantis and Tokens

Alea Research

46,964 görüntüleme • 11 ay önce

Cards vs stablecoins for agentic payments? Both. And here is why. Cuy Sheffield (Visa Crypto) and Jay Yu 🐟 (Pantera Capital) join our Stateful podcast, hosted by Mason Nystrom. In this episode, they cover everything at the intersection of payments, AI, and crypto: - Stablecoin supply up 40%, adjusted volume up 90% in 2025 and still accelerating - The AI mullet: cards in the front, stablecoins in the back - Vibe coders are the most exciting customer segment on the planet. One human companies are coming. - Kill the API key: wallet identity over X402 and MPP is a 10x better developer experience - Why cards are the best way for agents to pay and be paid. 01:08 How Stablecoins Grew 40% in 2025 02:42 Why Stablecoins Work Like Cards 04:16 Visa's Payment Infrastructure Play 05:14 Permissionless vs Vertical Stablecoin Networks 07:32 Agentic Payments: Real vs Hype 09:04 x402: The Agenctic Inflection Point 09:30 Killing API Keys With Wallets 13:00 Building for the Vibe Coder 14:54 Cards vs Crypto: The Real Debate 16:50 What Actually Works for Builders 18:49 Cross-Chain Payment Infrastructure 21:36 Keys, Wallets & User Experience 24:36 Future of Autonomous Payments 29:13 What Gets Builders Most Excited 34:31 Agentic Payment Holy Grails
44:05

Cards vs stablecoins for agentic payments? Both. And here is why. Cuy Sheffield (Visa Crypto) and Jay Yu 🐟 (Pantera Capital) join our Stateful podcast, hosted by Mason Nystrom. In this episode, they cover everything at the intersection of payments, AI, and crypto: - Stablecoin supply up 40%, adjusted volume up 90% in 2025 and still accelerating - The AI mullet: cards in the front, stablecoins in the back - Vibe coders are the most exciting customer segment on the planet. One human companies are coming. - Kill the API key: wallet identity over X402 and MPP is a 10x better developer experience - Why cards are the best way for agents to pay and be paid. 01:08 How Stablecoins Grew 40% in 2025 02:42 Why Stablecoins Work Like Cards 04:16 Visa's Payment Infrastructure Play 05:14 Permissionless vs Vertical Stablecoin Networks 07:32 Agentic Payments: Real vs Hype 09:04 x402: The Agenctic Inflection Point 09:30 Killing API Keys With Wallets 13:00 Building for the Vibe Coder 14:54 Cards vs Crypto: The Real Debate 16:50 What Actually Works for Builders 18:49 Cross-Chain Payment Infrastructure 21:36 Keys, Wallets & User Experience 24:36 Future of Autonomous Payments 29:13 What Gets Builders Most Excited 34:31 Agentic Payment Holy Grails

Pantera Capital

33,272 görüntüleme • 4 ay önce

The State of Digital Asset Investing in 2026 (What’s Changed) with Mike Dudas of 6MV. Timestamps: 00:00 Intro 01:06 Why Now For VC 03:00 Founders Lack Confidence 05:30 Where Flows Are Going 07:22 Alien Ideas Still Win 09:03 RWA Investing Paralysis 10:23 Pumpfun & Hyperliquid 13:05 Fundamentals Not Rewarded 15:28 Consumer Onchain Thesis 16:35 MegaETH & Base 19:10 Plasma, Arc, Tempo Thesis 21:18 Agent Payments Changing 23:00 General Purpose Chain Risk 24:45 Circle vs. Tether 29:04 New Stablecoins 31:20 Stablecoin Issuers: M0 & Bridge 34:16 Kraken & Paxos IPO 36:08 AI IPOs As A Signal 38:57 Why Prices Hold 41:30 Vaults & Risk Management 44:00 What Comes Next
45:40

The State of Digital Asset Investing in 2026 (What’s Changed) with Mike Dudas of 6MV. Timestamps: 00:00 Intro 01:06 Why Now For VC 03:00 Founders Lack Confidence 05:30 Where Flows Are Going 07:22 Alien Ideas Still Win 09:03 RWA Investing Paralysis 10:23 Pumpfun & Hyperliquid 13:05 Fundamentals Not Rewarded 15:28 Consumer Onchain Thesis 16:35 MegaETH & Base 19:10 Plasma, Arc, Tempo Thesis 21:18 Agent Payments Changing 23:00 General Purpose Chain Risk 24:45 Circle vs. Tether 29:04 New Stablecoins 31:20 Stablecoin Issuers: M0 & Bridge 34:16 Kraken & Paxos IPO 36:08 AI IPOs As A Signal 38:57 Why Prices Hold 41:30 Vaults & Risk Management 44:00 What Comes Next

The Rollup

23,264 görüntüleme • 3 ay önce

I spoke with Jordi Visser this week about: - is the AI mid-cycle slowdown over? - AI token price war - why he is turning bullish on bitcoin - tokenization & stablecoins - Siri vs Grok voice mode - Samsung and bottleneck stocks - Fed's July rate decision - gold and silver - regional banks YouTube: Apple: Spotify: TIMESTAMPS: 0:00 - Intro 0:42 - Grok vs. Meta's AI price war why cheaper AI won't cut spend 10:03 - Apple's Siri stumble & price hikes 14:50 - Using Grok in a Tesla 17:28 - Short sellers, Samsung's earnings & the mid-cycle slowdown 23:34 - Why Jordi is turning bullish on bitcoin 29:55 - Tokenization, stablecoins & the AI-crypto nexus 33:33 - Michael Saylor's Bitcoin sale — does it matter? 38:02 - Where else Jordi is deploying capital 42:04 - Does the Iran war actually matter for markets? 45:00 - The new robotic hand demo that changed everything 50:18 - Jordi’s upcoming video
52:25

I spoke with Jordi Visser this week about: - is the AI mid-cycle slowdown over? - AI token price war - why he is turning bullish on bitcoin - tokenization & stablecoins - Siri vs Grok voice mode - Samsung and bottleneck stocks - Fed's July rate decision - gold and silver - regional banks YouTube: Apple: Spotify: TIMESTAMPS: 0:00 - Intro 0:42 - Grok vs. Meta's AI price war why cheaper AI won't cut spend 10:03 - Apple's Siri stumble & price hikes 14:50 - Using Grok in a Tesla 17:28 - Short sellers, Samsung's earnings & the mid-cycle slowdown 23:34 - Why Jordi is turning bullish on bitcoin 29:55 - Tokenization, stablecoins & the AI-crypto nexus 33:33 - Michael Saylor's Bitcoin sale — does it matter? 38:02 - Where else Jordi is deploying capital 42:04 - Does the Iran war actually matter for markets? 45:00 - The new robotic hand demo that changed everything 50:18 - Jordi’s upcoming video

Anthony Pompliano 🌪

50,825 görüntüleme • 1 ay önce

Tokenization is no longer a back-office experiment. It’s the front office. Sandy Kaul from Franklin Templeton Digital Assets and Ian De Bode from Ondo Finance join our Stateful podcast, hosted by Franklin Bi. In this episode, they discuss how capital markets are coming onchain: - 100% of Franklin Templeton’s digital asset AUM comes from net new crypto-native customers - Ondo’s tokenized ETFs: permissionless, 24/7, usable as DeFi collateral like stablecoins for stocks - AI agents will need blockchain rails to execute 183 trillion in machine-to-machine transactions - A crypto whale bought $50M of Google stock in a single trade. Education incoming. - The headline for mission accomplished: net new inflows to tokenized products exceed off-chain launches 01:57 Franklin Templeton Tokenizing in 2019 03:37 Proving Blockchain Efficiency to the SEC 04:30 The Transfer Agent Advantage 05:55 How Ondo Tokenizes Stocks and ETFs 08:15 How Ondo’s Tokenization Relate 09:05 Why Permissionless Wrappers Unlock Global Capital Markets 10:48 The Real Reason Crypto Wants 24/7 Trading Access 12:02 Stablecoins vs Web2 Fintech: Why Blockchain Wins 13:05 Real-Time Settlement: The Death of T+2 14:22 Smart Contracts That Program Investor Protections 16:29 24/7 Markets Create More Demand 17:02 Why AI Agents Need Tokenization 18:04 $183 Trillion in AI Agent Transactions by 2030 19:01 Legacy Systems Can't Handle Machine-to-Machine Commerce 20:17 Tokenization: The Bridge to Institutional Crypto Allocations 21:04 Why TradFi Needs Crypto's Innovation Stack 22:02 Permissionless Wrappers: Why KYC Doesn't Scale for Agents 23:37 The Moment Franklin Templeton Decided to Partner with Ondo 25:14 Why Permissionless Tokens Scare Traditional Firms 27:29 100% of Franklin's Digital Assets Come From Crypto Natives 30:01 Opening Net New Distribution Channels, Not Just Products 33:20 Success Metrics: Assets, Thought Partnership, and Experimentation 35:07 Educating Crypto Natives on Diversification and ETFs 36:53 When $200M Bitcoin Holders Discover Traditional Assets 38:14 The Generational Shift: Crypto Natives Meet TradFi
48:11

Tokenization is no longer a back-office experiment. It’s the front office. Sandy Kaul from Franklin Templeton Digital Assets and Ian De Bode from Ondo Finance join our Stateful podcast, hosted by Franklin Bi. In this episode, they discuss how capital markets are coming onchain: - 100% of Franklin Templeton’s digital asset AUM comes from net new crypto-native customers - Ondo’s tokenized ETFs: permissionless, 24/7, usable as DeFi collateral like stablecoins for stocks - AI agents will need blockchain rails to execute 183 trillion in machine-to-machine transactions - A crypto whale bought $50M of Google stock in a single trade. Education incoming. - The headline for mission accomplished: net new inflows to tokenized products exceed off-chain launches 01:57 Franklin Templeton Tokenizing in 2019 03:37 Proving Blockchain Efficiency to the SEC 04:30 The Transfer Agent Advantage 05:55 How Ondo Tokenizes Stocks and ETFs 08:15 How Ondo’s Tokenization Relate 09:05 Why Permissionless Wrappers Unlock Global Capital Markets 10:48 The Real Reason Crypto Wants 24/7 Trading Access 12:02 Stablecoins vs Web2 Fintech: Why Blockchain Wins 13:05 Real-Time Settlement: The Death of T+2 14:22 Smart Contracts That Program Investor Protections 16:29 24/7 Markets Create More Demand 17:02 Why AI Agents Need Tokenization 18:04 $183 Trillion in AI Agent Transactions by 2030 19:01 Legacy Systems Can't Handle Machine-to-Machine Commerce 20:17 Tokenization: The Bridge to Institutional Crypto Allocations 21:04 Why TradFi Needs Crypto's Innovation Stack 22:02 Permissionless Wrappers: Why KYC Doesn't Scale for Agents 23:37 The Moment Franklin Templeton Decided to Partner with Ondo 25:14 Why Permissionless Tokens Scare Traditional Firms 27:29 100% of Franklin's Digital Assets Come From Crypto Natives 30:01 Opening Net New Distribution Channels, Not Just Products 33:20 Success Metrics: Assets, Thought Partnership, and Experimentation 35:07 Educating Crypto Natives on Diversification and ETFs 36:53 When $200M Bitcoin Holders Discover Traditional Assets 38:14 The Generational Shift: Crypto Natives Meet TradFi

Pantera Capital

27,104 görüntüleme • 4 ay önce

"Any feature we release, a competitor could release within two weeks." Matan Grinberg (Factory) on why the moat isn't software anymore. dsa (LiveKit) on building the framework for voice, video, and physical AI. George Sivulka (@HebbiaAI) on what it takes to win in vertical AI. They join @jason on This Week in AI, Episode 11: 00:00 Intro & AGI debate 03:30 Factory: autonomy for software engineering 04:29 LiveKit: open source to ChatGPT voice 10:31 Hebbia: AI for capital markets 13:21 SpaceX-Cursor $60 billion deal breakdown 26:28 Moats in the age of vibe coding 38:10 Deterministic agents vs. open chaos 45:56 DeepSeek V4 01:05:23 OpenAI's spend problem 01:12:08 P-doom scores
1:13:42

"Any feature we release, a competitor could release within two weeks." Matan Grinberg (Factory) on why the moat isn't software anymore. dsa (LiveKit) on building the framework for voice, video, and physical AI. George Sivulka (@HebbiaAI) on what it takes to win in vertical AI. They join @jason on This Week in AI, Episode 11: 00:00 Intro & AGI debate 03:30 Factory: autonomy for software engineering 04:29 LiveKit: open source to ChatGPT voice 10:31 Hebbia: AI for capital markets 13:21 SpaceX-Cursor $60 billion deal breakdown 26:28 Moats in the age of vibe coding 38:10 Deterministic agents vs. open chaos 45:56 DeepSeek V4 01:05:23 OpenAI's spend problem 01:12:08 P-doom scores

This Week in AI

103,063 görüntüleme • 3 ay önce

DROPS E39: Worm - The permissionless truth machine Nass Diba studied quantum physics, worked at Facebook, then left to build in crypto. He's now building Worm - a permissionless prediction market on Solana with leverage. His thesis: prediction markets are the only mechanism that consistently surfaces truth, and they're about to matter more than ever. He grew up in Iran under a dictatorship. He watched state TV claim there was no inflation while the money in people's pockets shrank. That's not a metaphor for him - it's the problem he's building to solve. We talk about: - Why CNN and Fox both showed different election results in 2024 - Growing up in Iran and experiencing information asymmetry under dictatorship firsthand - Building a Poly Market Telegram mini app in September 2024 and getting 56,000 users overnight - Why 90% of those users weren't American - and what that revealed about the technology - How leverage works on prediction markets, why it took 9 months to build, and what liquidation actually means when there's no price - just probability - Why Polymarket and Kalshi are scratching the surface of what's possible - Prediction markets as the engagement layer for Web3 - and what Worm is launching on HyperLiquid HIP-4 And much more… Timestamps: 0:00 Introduction 1:17 Welcome to DROPS 1:57 Prediction Markets in 2026 3:08 Can the crowd be wrong? 4:26 Money Creates Better Truth Discovery 5:22 Who is Nass? 5:55 Growing up in Iran 6:52 Entered Crypto in 2019 8:05 Discovering Prediction Markets 10:08 Signal Behind the 2024 Elections 11:59 How Prediction Markets Disrupt Traditional Media 13:16 Traditional Media Prioritizes Incentives Over Truth 17:33 Polymarket vs Kalshi: Which Model Wins? 18:25 Why is Kalshi or Polymarket enough? 19:43 Lessons Learned Building on Polymarket 21:07 Building Worm on Solana 21:56 What Is Worm and its special elements? 23:36 How Leverage Works on Prediction Markets 25:29 Hedging 27:33 Prediction Markets vs Options & Perps 29:15 How Liquidations Work 31:13 Why Leverage is more than a Gimmick 33:04 Building Leverage Was Harder Than Expected 34:12 Solving Liquidity Problem 36:05 How Worm Acquires Users 36:59 Inflection Point for Prediction Markets 39:06 Why Worm chose Solana 40:24 Becoming the Hyperliquid of Prediction Markets 42:26 Solana vs Hyperliquid: Which Wins? 45:00 Conclusion
46:11

DROPS E39: Worm - The permissionless truth machine Nass Diba studied quantum physics, worked at Facebook, then left to build in crypto. He's now building Worm - a permissionless prediction market on Solana with leverage. His thesis: prediction markets are the only mechanism that consistently surfaces truth, and they're about to matter more than ever. He grew up in Iran under a dictatorship. He watched state TV claim there was no inflation while the money in people's pockets shrank. That's not a metaphor for him - it's the problem he's building to solve. We talk about: - Why CNN and Fox both showed different election results in 2024 - Growing up in Iran and experiencing information asymmetry under dictatorship firsthand - Building a Poly Market Telegram mini app in September 2024 and getting 56,000 users overnight - Why 90% of those users weren't American - and what that revealed about the technology - How leverage works on prediction markets, why it took 9 months to build, and what liquidation actually means when there's no price - just probability - Why Polymarket and Kalshi are scratching the surface of what's possible - Prediction markets as the engagement layer for Web3 - and what Worm is launching on HyperLiquid HIP-4 And much more… Timestamps: 0:00 Introduction 1:17 Welcome to DROPS 1:57 Prediction Markets in 2026 3:08 Can the crowd be wrong? 4:26 Money Creates Better Truth Discovery 5:22 Who is Nass? 5:55 Growing up in Iran 6:52 Entered Crypto in 2019 8:05 Discovering Prediction Markets 10:08 Signal Behind the 2024 Elections 11:59 How Prediction Markets Disrupt Traditional Media 13:16 Traditional Media Prioritizes Incentives Over Truth 17:33 Polymarket vs Kalshi: Which Model Wins? 18:25 Why is Kalshi or Polymarket enough? 19:43 Lessons Learned Building on Polymarket 21:07 Building Worm on Solana 21:56 What Is Worm and its special elements? 23:36 How Leverage Works on Prediction Markets 25:29 Hedging 27:33 Prediction Markets vs Options & Perps 29:15 How Liquidations Work 31:13 Why Leverage is more than a Gimmick 33:04 Building Leverage Was Harder Than Expected 34:12 Solving Liquidity Problem 36:05 How Worm Acquires Users 36:59 Inflection Point for Prediction Markets 39:06 Why Worm chose Solana 40:24 Becoming the Hyperliquid of Prediction Markets 42:26 Solana vs Hyperliquid: Which Wins? 45:00 Conclusion

MR SHIFT 🦁

31,065 görüntüleme • 1 ay önce

Another mindblowing conversation with my good friend .Emad... Enjoy!! 00:00 - Introduction 00:22 - AI: The Biggest Shift in Human History 00:42 - AI’s Impact on Society and the Economy 01:03 - Conversation with Emad Mostaque Begins 01:50 - The Acceleration of AI and Economic Takeoff 03:07 - AI Intelligence: Beyond Human IQ 04:08 - The Rise of AI Chefs and Super Cooks 05:07 - Breaking AI Constraints: Compute and Energy 07:03 - The Future of AI: Ubiquitous Intelligence 08:04 - The Shift to Local AI Models 10:07 - Why Has Apple Lagged in AI? 11:21 - The AI Race: OpenAI, Grok, Gemini, and More 13:11 - China’s Open-Source AI Strategy 14:57 - AI Bias and Ethical Challenges 16:57 - AI’s Cross-Pollination and Memory 18:02 - Are AI Models Becoming Self-Aware? 19:16 - AI, Bitcoin, and Self-Sustaining Algorithms 21:26 - AI-Driven Economies and Autonomous Companies 23:41 - The Future of Labor: A World Without Jobs? 25:26 - AI-Powered Robots: The Next Workforce Revolution 27:28 - The End of Traditional Economic Models 30:27 - The Political Shift: Humanist vs. Transhumanist 33:04 - AI in Financial Markets: The End of Human Traders? 36:03 - The Evolution of Investing in an AI World 38:33 - AI’s Impact on Capital Formation and Business Disruption 40:01 - The Rise of Digital Twins and Post-Capital Society 42:45 - Building AI for Education, Healthcare, and Governance 46:42 - The Future of Money in an AI-Driven World 50:11 - Universal Basic AI: A New Economic Model 54:29 - The Deflationary Impact of AI and Crypto’s Role 57:02 - The AI Singularity: Five Years Until Everything Changes 58:56 - The Road Ahead: AI, Crypto, and the Future of Civilization 01:02:24 - Final Thoughts: The Most Exciting and Terrifying Time in History
1:04:51

Another mindblowing conversation with my good friend .Emad... Enjoy!! 00:00 - Introduction 00:22 - AI: The Biggest Shift in Human History 00:42 - AI’s Impact on Society and the Economy 01:03 - Conversation with Emad Mostaque Begins 01:50 - The Acceleration of AI and Economic Takeoff 03:07 - AI Intelligence: Beyond Human IQ 04:08 - The Rise of AI Chefs and Super Cooks 05:07 - Breaking AI Constraints: Compute and Energy 07:03 - The Future of AI: Ubiquitous Intelligence 08:04 - The Shift to Local AI Models 10:07 - Why Has Apple Lagged in AI? 11:21 - The AI Race: OpenAI, Grok, Gemini, and More 13:11 - China’s Open-Source AI Strategy 14:57 - AI Bias and Ethical Challenges 16:57 - AI’s Cross-Pollination and Memory 18:02 - Are AI Models Becoming Self-Aware? 19:16 - AI, Bitcoin, and Self-Sustaining Algorithms 21:26 - AI-Driven Economies and Autonomous Companies 23:41 - The Future of Labor: A World Without Jobs? 25:26 - AI-Powered Robots: The Next Workforce Revolution 27:28 - The End of Traditional Economic Models 30:27 - The Political Shift: Humanist vs. Transhumanist 33:04 - AI in Financial Markets: The End of Human Traders? 36:03 - The Evolution of Investing in an AI World 38:33 - AI’s Impact on Capital Formation and Business Disruption 40:01 - The Rise of Digital Twins and Post-Capital Society 42:45 - Building AI for Education, Healthcare, and Governance 46:42 - The Future of Money in an AI-Driven World 50:11 - Universal Basic AI: A New Economic Model 54:29 - The Deflationary Impact of AI and Crypto’s Role 57:02 - The AI Singularity: Five Years Until Everything Changes 58:56 - The Road Ahead: AI, Crypto, and the Future of Civilization 01:02:24 - Final Thoughts: The Most Exciting and Terrifying Time in History

Raoul Pal

326,827 görüntüleme • 1 yıl önce

2025 Will Be a Year of Crypto Competition. Can Ethereum Make a Comeback? of Aave and of Infinex join Unchained to discuss: 🤺 How Solana has outpaced Ethereum on key metrics 🤖 AI agents are revolutionizing DeFi and token launches 💹 Why ETH’s price cycle often overshadows its fundamentals 😱 What should be done about the Ethereum Foundation Plus, their predictions for crypto in 2025. 🔮 Timestamps: 00:00 Intro 03:35 Why 2024 marked a pivotal year for crypto 07:02 The impact AI agents could have on onchain innovation in 2025 14:47 AI agents emerging as a force in venture investing 22:10 How fundamentals-driven projects are set to dominate, according to Marc 26:05 Solana’s continued momentum against Ethereum 37:56 Is Base is cannibalistic to Ethereum, and can it compete with Solana? 42:53 Can Ethereum achieve its roadmap before competitors dethrone it? 52:30 How Coinbase seems to be prioritizing Ethereum and Base, and whether they’re intentionally penalizing Solana 1:00:10 How Ethereum’s reputation depends on price action over fundamentals 1:08:43 Why no one is happy with the Ethereum Foundation and what its purpose should be 1:24:57 Kain’s doubts about the native rollups proposal 1:31:12 Whether Ethena is pushing down the price of ETH 1:34:00 Kain and Marc’s thoughts on crypto phones like the forthcoming Solana Seeker 1:42:07 Key predictions from Kain and Marc for 2025 Thank you to our sponsors! Stellar Robinhood & Arbitrum Kelp Polkadot
1:48:59

2025 Will Be a Year of Crypto Competition. Can Ethereum Make a Comeback? of Aave and of Infinex join Unchained to discuss: 🤺 How Solana has outpaced Ethereum on key metrics 🤖 AI agents are revolutionizing DeFi and token launches 💹 Why ETH’s price cycle often overshadows its fundamentals 😱 What should be done about the Ethereum Foundation Plus, their predictions for crypto in 2025. 🔮 Timestamps: 00:00 Intro 03:35 Why 2024 marked a pivotal year for crypto 07:02 The impact AI agents could have on onchain innovation in 2025 14:47 AI agents emerging as a force in venture investing 22:10 How fundamentals-driven projects are set to dominate, according to Marc 26:05 Solana’s continued momentum against Ethereum 37:56 Is Base is cannibalistic to Ethereum, and can it compete with Solana? 42:53 Can Ethereum achieve its roadmap before competitors dethrone it? 52:30 How Coinbase seems to be prioritizing Ethereum and Base, and whether they’re intentionally penalizing Solana 1:00:10 How Ethereum’s reputation depends on price action over fundamentals 1:08:43 Why no one is happy with the Ethereum Foundation and what its purpose should be 1:24:57 Kain’s doubts about the native rollups proposal 1:31:12 Whether Ethena is pushing down the price of ETH 1:34:00 Kain and Marc’s thoughts on crypto phones like the forthcoming Solana Seeker 1:42:07 Key predictions from Kain and Marc for 2025 Thank you to our sponsors! Stellar Robinhood & Arbitrum Kelp Polkadot

Laura Shin

99,322 görüntüleme • 1 yıl önce

Latest episode of the AGI Podcast is out, featuring Wei Zhou, Head of AIUR at SemiAnalysis. Token Wei and I go deep on compute, capital markets, tokenomics, and and the future of AGI. Inside the conversation: 01:00 — Wei’s background and early journey 3:38 — The most cracked researchers in China 5:30 — My path after finishing a Math PhD at Stanford 7:52 — A based, unhinged take on Andrew Ng 10:29 — Choosing money vs “contributing to society” 19:32 — What Wei learned working with George Soros 24:00 — Intel vs Nvidia and the road to becoming the next compute central bank 27:15 — CUDA’s early days and how it became Tencent 2.0 for AI 35:22 — The true base unit of token cost: gigawatts vs dollar capex/opex 39:18 — “How do you price everything?” — a compute-first worldview 42:22 — How investment flows actually move in public markets 43:54 — Understanding depreciation distribution 52:00 — Is memory/storage scarcity real, and what drives it? 54:41 — Should storage cost be part of tokenomics models? 57:44 — Why inter-chip interconnect defines the economics of AI tokens 1:05:56 — Wei’s surprising love for Pop Mart 1:10:52 — How insiders really define AGI and ASI Watch the full podcast here 👇
1:11:41

Latest episode of the AGI Podcast is out, featuring Wei Zhou, Head of AIUR at SemiAnalysis. Token Wei and I go deep on compute, capital markets, tokenomics, and and the future of AGI. Inside the conversation: 01:00 — Wei’s background and early journey 3:38 — The most cracked researchers in China 5:30 — My path after finishing a Math PhD at Stanford 7:52 — A based, unhinged take on Andrew Ng 10:29 — Choosing money vs “contributing to society” 19:32 — What Wei learned working with George Soros 24:00 — Intel vs Nvidia and the road to becoming the next compute central bank 27:15 — CUDA’s early days and how it became Tencent 2.0 for AI 35:22 — The true base unit of token cost: gigawatts vs dollar capex/opex 39:18 — “How do you price everything?” — a compute-first worldview 42:22 — How investment flows actually move in public markets 43:54 — Understanding depreciation distribution 52:00 — Is memory/storage scarcity real, and what drives it? 54:41 — Should storage cost be part of tokenomics models? 57:44 — Why inter-chip interconnect defines the economics of AI tokens 1:05:56 — Wei’s surprising love for Pop Mart 1:10:52 — How insiders really define AGI and ASI Watch the full podcast here 👇

Bill Sun

33,121 görüntüleme • 7 ay önce

Here's my recent talk at Sui Basecamp in Dubai—Enjoy! 00:00 - PALvatar introduces the episode 01:04 - Reframing the macro fear narrative 01:26 - The Everything Code and liquidity 01:51 - Debt cycles and macro structure 02:10 - Demographics, debt, and GDP 02:38 - Aging populations and GDP drag 03:00 - Liquidity as the real driver 03:25 - Fed balance sheet to total liquidity 03:50 - M2 and asset correlations 04:23 - Why the rich get richer 04:47 - Global tax via currency debasement 05:21 - Crypto as a generational opportunity 05:48 - Banana zones and BTC decoupling 06:13 - Bitcoin log regression and upside 06:37 - 850K $BTC and market cycles 06:56 - Debasement and asset returns 07:19 - Liquidity vs. traditional returns 07:48 - Why tech and crypto matter 08:10 - Bitcoin vs Nasdaq performance 08:38 - Crypto: best asset in history 09:03 - The "Don’t F*ck This Up" thesis 09:38 - Liquidity and the macro setup 09:58 - Volatility is the price for returns 10:31 - Tariffs, rates, and market lag 11:01 - Economic surprises and liquidity 11:37 - 2017 tariffs and liquidity boost 12:01 - Twitter narratives vs macro truth 12:24 - What assets lead market cycles 12:51 - Inventory buildup and Q1 GDP 13:12 - Philly Fed confirms thesis 13:31 - ISM and forward outlook 14:00 - #Bitcoin and DeMark analysis 14:21 - Trump cycle deja vu 14:38 - My Bitcoin trading mistake 14:57 - Dollar strength and the Trump pivot 15:16 - Why the dollar isn’t over 15:36 - A weak dollar lifts global growth 15:56 - The 2017 breakout comparison 16:18 - One of the best setups ever 16:40 - Global M2 and debt cycle 17:03 - Basel IV and monetary creation 17:25 - Liquidity cycles repeat 17:45 - Debt refi cycles and patterns 18:06 - Liquidity leads Bitcoin 18:29 - Banana Zone phases 18:50 - Global M2 vs BTC chart 19:09 - Breakouts and corrections 19:29 - The voodoo chart: M2 + BTC 19:50 - One-way street ahead 20:08 - China, the dollar, and liquidity 20:31 - Central banks printing 20:50 - Liquidity surge from all angles 21:14 - Correlation with BTC and Nasdaq 21:39 - The Everything Code plays out 22:03 - Business cycle and crypto 22:32 - Bitcoin and ISM outlook 22:54 - Bitcoin at 450K? 23:21 - Altseason and business cycle 23:48 - Earnings, spending, and risk 24:16 - Altcoins = risk curve 24:40 - ISM >50 = big signal 25:06 - Everyone's fearful at the bottom 25:35 - Bearish sentiment at extremes 26:03 - Institutions still not in 26:29 - Indicators signal reversals 26:56 - Bitcoin corrections are normal 27:18 - The 2017 rollercoaster 27:42 - Technicals: #Solana & $SUI 28:00 - Sui charts breaking out 28:28 - Sui vs $SOL: faster horse 28:50 - $DEEP: top performer 29:16 - Ecosystem growth & excitement 29:45 - Market reacting to the vision 30:07 - Follow liquidity, not noise 30:27 - RSI and breakouts 30:47 - Liquidity patterns repeat 31:13 - We are in the Banana Zone 31:30 - No cycle top in sight 31:56 - This is just the beginning 32:19 - Banana Zone map 32:44 - Final advice: don’t mess this up 33:08 - Cycle could run into Q2 2026 33:39 - Stick to the program and DFTU
34:04

Here's my recent talk at Sui Basecamp in Dubai—Enjoy! 00:00 - PALvatar introduces the episode 01:04 - Reframing the macro fear narrative 01:26 - The Everything Code and liquidity 01:51 - Debt cycles and macro structure 02:10 - Demographics, debt, and GDP 02:38 - Aging populations and GDP drag 03:00 - Liquidity as the real driver 03:25 - Fed balance sheet to total liquidity 03:50 - M2 and asset correlations 04:23 - Why the rich get richer 04:47 - Global tax via currency debasement 05:21 - Crypto as a generational opportunity 05:48 - Banana zones and BTC decoupling 06:13 - Bitcoin log regression and upside 06:37 - 850K $BTC and market cycles 06:56 - Debasement and asset returns 07:19 - Liquidity vs. traditional returns 07:48 - Why tech and crypto matter 08:10 - Bitcoin vs Nasdaq performance 08:38 - Crypto: best asset in history 09:03 - The "Don’t F*ck This Up" thesis 09:38 - Liquidity and the macro setup 09:58 - Volatility is the price for returns 10:31 - Tariffs, rates, and market lag 11:01 - Economic surprises and liquidity 11:37 - 2017 tariffs and liquidity boost 12:01 - Twitter narratives vs macro truth 12:24 - What assets lead market cycles 12:51 - Inventory buildup and Q1 GDP 13:12 - Philly Fed confirms thesis 13:31 - ISM and forward outlook 14:00 - #Bitcoin and DeMark analysis 14:21 - Trump cycle deja vu 14:38 - My Bitcoin trading mistake 14:57 - Dollar strength and the Trump pivot 15:16 - Why the dollar isn’t over 15:36 - A weak dollar lifts global growth 15:56 - The 2017 breakout comparison 16:18 - One of the best setups ever 16:40 - Global M2 and debt cycle 17:03 - Basel IV and monetary creation 17:25 - Liquidity cycles repeat 17:45 - Debt refi cycles and patterns 18:06 - Liquidity leads Bitcoin 18:29 - Banana Zone phases 18:50 - Global M2 vs BTC chart 19:09 - Breakouts and corrections 19:29 - The voodoo chart: M2 + BTC 19:50 - One-way street ahead 20:08 - China, the dollar, and liquidity 20:31 - Central banks printing 20:50 - Liquidity surge from all angles 21:14 - Correlation with BTC and Nasdaq 21:39 - The Everything Code plays out 22:03 - Business cycle and crypto 22:32 - Bitcoin and ISM outlook 22:54 - Bitcoin at 450K? 23:21 - Altseason and business cycle 23:48 - Earnings, spending, and risk 24:16 - Altcoins = risk curve 24:40 - ISM >50 = big signal 25:06 - Everyone's fearful at the bottom 25:35 - Bearish sentiment at extremes 26:03 - Institutions still not in 26:29 - Indicators signal reversals 26:56 - Bitcoin corrections are normal 27:18 - The 2017 rollercoaster 27:42 - Technicals: #Solana & $SUI 28:00 - Sui charts breaking out 28:28 - Sui vs $SOL: faster horse 28:50 - $DEEP: top performer 29:16 - Ecosystem growth & excitement 29:45 - Market reacting to the vision 30:07 - Follow liquidity, not noise 30:27 - RSI and breakouts 30:47 - Liquidity patterns repeat 31:13 - We are in the Banana Zone 31:30 - No cycle top in sight 31:56 - This is just the beginning 32:19 - Banana Zone map 32:44 - Final advice: don’t mess this up 33:08 - Cycle could run into Q2 2026 33:39 - Stick to the program and DFTU

Raoul Pal

533,987 görüntüleme • 1 yıl önce

LIVE NOW - The Real Crypto Cycle: What Happens When Global Liquidity Peaks Global liquidity veteran Michael Howell (CrossBorder Capital/ GLIndexes) joins to map out the “master variable” driving asset price: A 65-month global liquidity and debt refinancing cycle that underpins booms, busts, and the recent “everything bubble.” He breaks down: - the coming debt maturity wall, - rising repo stress, - the shift from Fed QE to “Treasury QE,” - and a new capital war between a US dollar stablecoin system and China’s gold-backed strategy. Plus, what all of this means for our bags and how to position as the current cycle rolls over. -------------- TIMESTAMPS 0:00 Intro 0:45 Global Liquidity: Theory of Everything? 14:49 Will it Go Up Forever? 24:50 Where Are We in The Cycle? 34:23 Asset Allocation 47:14 Can The Monetary Regime Break? 58:55 China Gold vs US Tech 1:04:29 Crypto & Gold 1:08:03 4-Year Cycles 1:12:40 AI Bubble 1:15:14 Global Liquidity Limitations 1:18:39 Next 3-6 Months 1:20:24 Assets to Hold 1:21:25 Closing & Disclaimers
1:22:33

LIVE NOW - The Real Crypto Cycle: What Happens When Global Liquidity Peaks Global liquidity veteran Michael Howell (CrossBorder Capital/ GLIndexes) joins to map out the “master variable” driving asset price: A 65-month global liquidity and debt refinancing cycle that underpins booms, busts, and the recent “everything bubble.” He breaks down: - the coming debt maturity wall, - rising repo stress, - the shift from Fed QE to “Treasury QE,” - and a new capital war between a US dollar stablecoin system and China’s gold-backed strategy. Plus, what all of this means for our bags and how to position as the current cycle rolls over. -------------- TIMESTAMPS 0:00 Intro 0:45 Global Liquidity: Theory of Everything? 14:49 Will it Go Up Forever? 24:50 Where Are We in The Cycle? 34:23 Asset Allocation 47:14 Can The Monetary Regime Break? 58:55 China Gold vs US Tech 1:04:29 Crypto & Gold 1:08:03 4-Year Cycles 1:12:40 AI Bubble 1:15:14 Global Liquidity Limitations 1:18:39 Next 3-6 Months 1:20:24 Assets to Hold 1:21:25 Closing & Disclaimers

Bankless

42,363 görüntüleme • 8 ay önce

I spoke with Dio Casares (Diogenes) of Patagon Markets about why Anthropic and OpenAI voided secondary shares before their IPOs — and why, structurally, pre-IPO perps sidestep almost all of those problems. It’s an inside look at why pre-IPO perps avoid the legal hot potato aspect of pre-IPO trading activity. 🎧 Timestamps: 🚀 00:45 Why are we seeing so much pre-IPO activity bubble up right now 🗂️ 02:45 The types of market activity that are happening pre-IPO and why they’re happening 💙 6:04 Coinbase: Get 20% off the first year of your Coinbase One annual plan at ⛓️ 07:52 The kinds of problems that buyers and sellers of pre-IPO shares are trying to solve by going onchain ⚖️ 11:15 How unicorns have wanted to be private but have their shares 📊 13:19 Why people aren’t just waiting till pre-IPO share perps go live to get exposure 🃏 15:30 The problems can arise in second- and third-layer SPV situations 🏦 18:19 Where the Robinhood tokenized-share model fits in all this 🏛️ 19:59 Where the FTX bankruptcy Anthropic block falls 🗺️ 21:55 The spectrum of players — from offchain to onchain, from shadier to more legitimate 🤺 24:30 Why more of this activity is happening on Solana than Ethereum 🤝 25:23 What Patagon does in the secondaries market 🔭 29:27 How Dio expects the onchain private market space to evolve
33:34

I spoke with Dio Casares (Diogenes) of Patagon Markets about why Anthropic and OpenAI voided secondary shares before their IPOs — and why, structurally, pre-IPO perps sidestep almost all of those problems. It’s an inside look at why pre-IPO perps avoid the legal hot potato aspect of pre-IPO trading activity. 🎧 Timestamps: 🚀 00:45 Why are we seeing so much pre-IPO activity bubble up right now 🗂️ 02:45 The types of market activity that are happening pre-IPO and why they’re happening 💙 6:04 Coinbase: Get 20% off the first year of your Coinbase One annual plan at ⛓️ 07:52 The kinds of problems that buyers and sellers of pre-IPO shares are trying to solve by going onchain ⚖️ 11:15 How unicorns have wanted to be private but have their shares 📊 13:19 Why people aren’t just waiting till pre-IPO share perps go live to get exposure 🃏 15:30 The problems can arise in second- and third-layer SPV situations 🏦 18:19 Where the Robinhood tokenized-share model fits in all this 🏛️ 19:59 Where the FTX bankruptcy Anthropic block falls 🗺️ 21:55 The spectrum of players — from offchain to onchain, from shadier to more legitimate 🤺 24:30 Why more of this activity is happening on Solana than Ethereum 🤝 25:23 What Patagon does in the secondaries market 🔭 29:27 How Dio expects the onchain private market space to evolve

Laura Shin

64,551 görüntüleme • 2 ay önce

🎙️ New The Edge Podcast 🐻 Why The Token Bear Market Is Ending | Theia on Valuations, Token Rights, and Contrarian Investing 0:00 - Intro 2:00 - Who is Theia? 4:02 - AI tools accelerating research 10:37 - Mental models for investing 18:46 - The 4-year token bear market 24:15 - Tokenholder rights: Why they matter 28:37 - Thoughts on Across token buyout 32:08 - Signs liquid token bear market is ending 35:23 - Do you believe in the four-year cycle? 39:19 - What is MetaDAO and futarchy? 49:56 - What Theia looks for in liquid tokens 56:18 - The bear is where you make money 58:12 - The case for high integrity founders 1:01:14 - Real RWAs vs. narrative RWAs 1:04:40 - Why we need underwriters, not engineers 1:06:35 - The investment manager of the future 1:11:28 - Why some VCs pivot away from crypto 1:16:57 - Why being contrarian and right matters 1:21:25 - Finding edge when DeFi is all duopolies 1:26:35 - Closing 🙏 Thanks to Felipe Montealegre Founder & CIO Felipe Montealegre for joining us!
1:27:40

🎙️ New The Edge Podcast 🐻 Why The Token Bear Market Is Ending | Theia on Valuations, Token Rights, and Contrarian Investing 0:00 - Intro 2:00 - Who is Theia? 4:02 - AI tools accelerating research 10:37 - Mental models for investing 18:46 - The 4-year token bear market 24:15 - Tokenholder rights: Why they matter 28:37 - Thoughts on Across token buyout 32:08 - Signs liquid token bear market is ending 35:23 - Do you believe in the four-year cycle? 39:19 - What is MetaDAO and futarchy? 49:56 - What Theia looks for in liquid tokens 56:18 - The bear is where you make money 58:12 - The case for high integrity founders 1:01:14 - Real RWAs vs. narrative RWAs 1:04:40 - Why we need underwriters, not engineers 1:06:35 - The investment manager of the future 1:11:28 - Why some VCs pivot away from crypto 1:16:57 - Why being contrarian and right matters 1:21:25 - Finding edge when DeFi is all duopolies 1:26:35 - Closing 🙏 Thanks to Felipe Montealegre Founder & CIO Felipe Montealegre for joining us!

DeFi Dad ⟠ defidad.eth

24,329 görüntüleme • 4 ay önce