Bell Curve

Why Investable Tokens Need Real Disclosures | Roundup

Fri, 01 May 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss Blockworks' Token Transparency Framework, exploring why founder accountability and disclosure standards matter now, the relationship between regulatory clarity and token classification, token versus equity value accrual, optimal token launch timing, exchange listing incentives, protocol security, and the potential for onchain, real-time disclosures.

Thanks for tuning in!

Resources

Vlad Tenev on Boring Earnings Calls: https://x.com/sourceryy/status/2049208276873581054?s=20

–

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—-

Timestamps

(00:00) Introduction

(01:30) The Token Transparency Framework

(08:10) Why Disclosures, Why Now?

(18:18) Token vs Equity Value Accrual

(21:33) When Should You Launch a Token?

(34:24) Protocol Security as a Differentiator

(39:18) Future of Onchain Disclosures

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

What Brings Capital Back to DeFi? | Roundup

Sun, 26 Apr 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the brutal month for DeFi, North Korea's growing role in exploits, counterparty risk and curator models, the security-versus-speed tradeoff, and DeFi's path forward through stablecoins, agents, and fintech distribution.

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—-

Timestamps

(00:00) Introduction

(00:32) A Month of DeFi Disasters

(05:44) Why Are Hacks Accelerating?

(09:53) Lending Models Today

(17:22) What Brings Capital Back to DeFi?

(24:28) The Overhang From Mythos

(28:44) Institutionalization of Crypto

(38:51) The Money Legos Thesis

(49:15) Closing Comments

—--

Can DeFi Bounce Back? | Sam MacPherson & monetsupply

Fri, 24 Apr 2026 08:00:00 -0000

This week, we’re joined by monetsupply and Sam MacPherson to unpack the rsETH exploit, DeFi’s sentiment crisis, risk models, and Bitcoin's looming Q-Day decision around Satoshi's wallet.

Thanks for tuning in!

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—-

Timestamps:

(00:00) Introduction

(01:07) The rsETH Exploit

(12:04) DeFi’s Sentiment Crisis

(20:22) Risk Within DeFi

(32:15) TradFi vs DeFi Tradeoffs

(40:46) Q-Day & Satoshi’s Wallet

—--

The Blockworks Vision

Wed, 22 Apr 2026 17:17:00 -0000

This week, Jason and Mippo sat down to discuss the Blockworks rebrand! They examine the trust problem in crypto, onchain capital markets, disclosure frameworks, industry consolidation, and Blockworks’ evolution over the years.

Thanks for tuning in!

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—-

Timestamps

(00:00) Introduction

(02:06) The Current State of Crypto

(07:04) Crypto’s Trust Problem

(09:08) Blockworks’ Solution

(11:58) The Data Behind Tokens

(17:07) Blockworks’ Evolution

(24:56) Issues With Tokens

(35:18) The Blockworks Rebrand

(39:41) Crypto Sentiment

(43:47) Closing Comments

—--

Solana Is Becoming The Home Of Onchain Credit Origination | Marius Ciubotariu & Reid Simon

Tue, 21 Apr 2026 08:00:00 -0000

This week, we’re joined by Marius from Kamino, and Reid from Figure to discuss the growth of RWA lending on Solana, the mechanics of RWA looping, private credit onchain, Figure's Forge platform, risk pricing, fixed rate borrow-lend, and how the composition of onchain credit assets may evolve over time.

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—-

Timestamps

(00:00) Introduction

(05:01) Why RWA Deposits Keep Growing

(15:44) Thoughts on Private Credit

(20:45) What is Forge?

(25:11) RWA Looping

(34:54) How Rates Impact Onchain Activity

(45:33) Fixed Rate Borrow-Lend

(49:19) The Next 10 Years For RWAs

—--

The Next Bull Market | Roundup

Fri, 17 Apr 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the next crypto bull market, covering whether it has started, expected market breadth, rotation patterns, sector winners, the return of retail, the role of regulation, and how crypto's culture is evolving toward institutional maturity.

Thanks for tuning in!

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—-

Timestamps

(00:00) Introduction

(02:20) Has the Next Bull Market Started?

(15:59) Broad Rally or Dispersion?

(23:03) What Leads This Cycle?

(30:26) Will Retail Come Back?

(42:49) Winning Sectors

(51:29) How Regulation Shapes This Cycle

(57:30) Crypto’s New Culture

—--

Agents as Companies: The EigenCloud Thesis | Sreeram Kannan & Gajesh Naik

Tue, 14 Apr 2026 08:00:00 -0000

This week, we’re joined by Sreeram Kannan and Gajesh Naik from EigenCloud to discuss EigenCloud's evolution, the architecture behind Eigen's data, compute, and AI stack, agent property ownership via verifiable compute, and a live demo of Sovra, the first sovereign agent.

Thanks for tuning in!

Resources

Agentkit: https://www.eigencloud.xyz/agentkit

Sovra: https://www.sovra.dev/

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—-

Timestamps

(00:00) Introduction

(01:11) Eigen Cloud’s Origin Story

(13:26) The Future of DA

(22:56) Why Build on EigenCloud?

(41:52) Agents as the New Companies

(57:07) Sovra: The First Sovereign Agent

—--

The New Rules of Crypto Fundraising | Roundup

Fri, 10 Apr 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the current fundraising landscape for early-stage crypto founders, covering how funding standards have shifted, optimal raise sizing, the inverted risk model of token-era investing, go-to-market strategy, how to run a fundraising process, and when to act on investor feedback.

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—-

Timestamps

(00:00) Introduction

(02:57) The Bar to Raise Has Never Been Higher

(10:53) The Impact of Market Cycles

(20:36) How Much Should You Actually Raise?

(27:51) Blockworks IR

(28:39) Telling Your Story

(41:02) Running a Fundraise

(57:58) Accepting Feedback

—--

The Bull & Bear Cases For Ethereum | Roundup

Fri, 03 Apr 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the bull and bear cases for Ethereum. They cover RWA dominance, agentic payments potential, leadership concerns, fee generation challenges, competition from Solana and corp chains, and the eroding network effects of ETH as a base asset.

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—-

Timestamps

(00:00) Introduction

(09:14) Bull Cases For Ethereum

(19:12) Bear Cases For Ethereum

(30:00) Ethereum’s North Star

(39:15) Final Verdict

—--

Live From DAS: The End of Regulatory Theater | Tushar Jain & Greg Xethalis

Tue, 31 Mar 2026 17:00:00 -0000

Live from DAS, we’re joined by Tushar Jain and Greg Xethalis from Multicoin to discuss the CLARITY Act's implications for token projects, including disclosure requirements, value accrual mechanisms, the collapse of the token-equity dual structure, founder responsibilities around PMF, and the banking lobby's bad-faith opposition to stablecoin yield.

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Timestamps

(0:00) Introduction

(3:33) CLARITY: Where the Bill Stands

(4:57) Token Projects & the New Disclosure Era

(7:19) End of the Foundation Farce

(12:03) Investors Price Uncertainty Into Tokens

(18:42) Will CLARITY Fix Token Performance?

(25:44) What VCs Expect From Founders Now

(35:17) Value Accrual

(43:45) Banks vs Stablecoins

Live From DAS: Are Tokens Dead? | Roundup

Fri, 27 Mar 2026 08:00:00 -0000

Recorded live at Digital Asset Summit 2026, Mippo, Myles, and Xavier discuss the conference's institutional tone, the divergence between crypto's maturing infrastructure and underperforming tokens, the structural problems plaguing token launches, and what conditions might drive the next token bull market.

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—-

Timestamps

(00:00) Introduction

(03:07) Are Tokens Dead?

(07:17) The Last Five Years

(19:55) Blockworks IR Ad

(20:43) Will Tokens Make a Comeback?

(27:04) The Next Token Bull Market

—--

Investor Relations in the Onchain Era

Tue, 24 Mar 2026 21:30:00 -0000

In this special episode, we introduce Blockworks’ new investor relations platform for onchain businesses.

As institutional capital continues to enter crypto markets, expectations around transparency, standardization, and professionalism are rising. But instead of replicating legacy systems, Blockworks IR takes a different approach, leveraging real-time, onchain data to create a more transparent, data-driven, and low-friction investor relations model.

The platform combines curated analytics, branded investor portals, and white-glove advisory support into a single solution, helping teams tell a clearer, more credible story while giving investors a more efficient way to evaluate opportunities.

Launched at the Digital Asset Summit in New York, Blockworks IR aims to fill a critical gap in the industry. Listen to learn more about the vision behind the product and what it means for the future of investor relations in crypto.

Oneshot: Tempo Mainnet, Agentic Payments, and SEC Crypto Rulemaking | Roundup

Fri, 20 Mar 2026 19:00:00 -0000

This week, Michael and Vance sat down to discuss the macro impact of Middle East tensions on oil and markets, the SEC's crypto asset rulemaking, private credit liquidity risks, Tempo's mainnet launch, the agentic payments landscape, and the sustained growth trajectory of AI foundational models and GPU compute demand.

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—-

Timestamps

(00:00) Introduction

(00:47) Macro Outlook

(09:12) SEC Crypto Rulemaking

(12:57) State of the Market

(23:42) Impact of BDCs

(29:02) Tempo & Agentic Payments

(37:54) Intersection of Crypto & AI

—--

Disclaimer: Nothing said on Oneshot is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Tempo Goes Live: Can Stripe’s Blockchain Own the Payment Rails? | Roundup

Fri, 20 Mar 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss crypto's maturation and institutional momentum. They then conduct a bull/bear analysis of Tempo, a Stripe-incubated payments-focused Layer 1 blockchain, covering its tech architecture, distribution advantages, agent micropayments potential, competitive risks, and token versus equity considerations.

Thanks for tuning in!

Resources

The Agentic Web and Original Sin: https://stratechery.com/2025/the-agentic-web-and-original-sin/

—

The Canton Network is the only public, permissionless blockchain built for institutional finance— combining privacy, compliance, and scalability. It enables real-time, secure synchronization and settlement across asset classes on a shared, interoperable infrastructure. It’s the link between the promise of blockchain and the power of global finance, making finance flow as it should.

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

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—-

Timestamps

(00:00) Introduction

(03:48) Crypto’s Grown Up

(08:45) Tempo Goes Live

(23:26) Canton Ad

(24:05) Stripe’s Business Model

(33:09) Canton Ad

(33:46) Bull Cases For Tempo

(50:13) Bear Cases For Tempo

(01:07:05) Closing Comments

—--

Oneshot: Market Uncertainty, AI Valuations, and Crypto’s Path Forward | Roundup

Fri, 13 Mar 2026 19:00:00 -0000

This week, Michael and Vance sat down to discuss the state of the market, private-versus-public valuation gaps in AI and venture markets, a proposal to convert the Across token to equity, Strategy’s STRC product, potential crypto recovery narratives, and the role of bitcoin miners in AI data center infrastructure.

Enjoy!

–

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—-

Timestamps

(00:00) Introduction

(01:01) Market Outlook

(24:12) The Across Token to Equity Proposal

(27:20) Strategy’s STRC

(35:10) Positive Narratives For Crypto

(38:54) Data Centers & Bitcoin Mining

(48:10) Closing Comments

—--

Can Hyperliquid Become the Everything Exchange? | Roundup

Fri, 13 Mar 2026 08:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss Hyperliquid’s rapid growth, competitive advantages, what the team did right, and potential bull and bear cases for Hyperliquid’s long-term outlook.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

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—-

Timestamps

(00:00) Introduction

(05:14) The Across Token to Equity Proposal

(14:15) Canton Ad

(14:48) What Has Hyperliquid Done Right?

(40:51) Canton Ad

(41:28) Hyperliquid’s Bull Case

(50:21) Hyperliquid’s Bear Case

(55:48) The Everything Exchange

(01:03:04) Closing Predictions

—--

What TradFi’s Crypto Integration Actually Looks Like | Sid Powell & Theo Golden

Tue, 10 Mar 2026 08:00:00 -0000

This week, we’re joined by Sid Powell and Theo Golden to discuss TradFi’s integration of DeFi, tokenization structures, RWA adoption, liquidity constraints, and how incumbents and DeFi-native firms may converge.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

–

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—-

Timestamps

(00:00) Introduction

(03:12) TradFi’s Integration of Crypto Rails

(09:31) The Tokenization Unlock

(17:21) Canton Ad

(18:00) The Yield Market Today

(39:04) Canton Ad

(39:41) Bringing RWA’s Onchain

(58:11) Closing Comments

—--

Oneshot: The Bill That Could Reshape Crypto | Rebecca Rettig

Fri, 06 Mar 2026 20:10:00 -0000

This week, Michael and Vance sat down with Jito Labs’ CLO Rebecca Rettig to discuss the status of the CLARITY market structure bill, including congressional negotiations, committee roles, and the debate over stablecoin yield. They also cover regulatory dynamics, potential SEC and CFTC rulemakings, stablecoin oversight, implications for DeFi, and how the industry may evolve with or without new legislation.

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—-

Timestamps

(00:00) Introduction

(02:12) Updates on CLARITY

(06:59) Role of Committees & White House

(11:11) The Yield Question

(27:33) The Rulemaking Process

(42:27) What Happens If CLARITY Passes?

—--

A New Era in Crypto: Product-led Founders Take Over | Roundup

Fri, 06 Mar 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss diverging institutional and crypto-native sentiment, exchange innovation, and how founder archetypes are shifting toward operators, and product-led builders. They also cover AI’s impact on execution and evolving crypto venture dynamics, fund sizing, and distribution-led value add.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

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—-

Timestamps

(00:00) Introduction

(03:25) Crypto Founder & investor Change Up

(15:53) Canton Ad

(16:32) Founder Archetypes

(38:34) Canton Ad

(39:11) Crypto’s Talent Pool

(43:29) Crypto Venture Today

(1:07:18) Closing Comments

—--

Introducing: Inflection Point | The Crypto-TradFi Convergence

Thu, 05 Mar 2026 05:00:00 -0000

In this first episode of Inflection Point, we explore the accelerating convergence between traditional finance and crypto as institutional adoption begins reshaping the foundations of global financial infrastructure. The conversation examines ETFs, DeFi innovation, market structure shifts, institutional flows, and how evolving investor behavior is changing Bitcoin and digital asset markets. Along the way, we discuss regulation, credit markets, technology limitations, and the broader implications of finance moving onchain. Enjoy!

—

Inflection Point:

Apple 🎙️: https://bit.ly/3QKdX5a

Spotify 🎙️: https://bit.ly/3YhGJy3

YouTube 🎥: https://link.blockworks.co/46Cee2q

—

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—

Join us at Digital Asset Summit 2026 in NYC March 24-26th! Use code INFLECTION200 for $200 OFF!

⁠⁠https://blockworks.co/event/digital-asset-summit-nyc-2026⁠⁠

—

Timestamps

(00:00) Intro To Inflection Point

(06:48) The Convergence Between TradFi & Crypto

(22:20) Crypto's Biggest Advantages & Hurdles

(36:15) Crypto's Changing Market Structure

(41:00) Prices, Sentiment & Long-Term Allocators

(46:00) Evolution Of Crypto Options & Yield

(51:30) Is The 4-Year Cycle Dead?

(01:02:00) Final Thoughts

—

Disclaimer: Nothing said on Inflection Point is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Crypto #DeFi #Bitcoin #Blockchain #DigitalAssets #CryptoPodcast

Everything Is Market: How Crypto Is Expanding Finance Into Culture | Jesse Walden

Tue, 03 Mar 2026 09:00:00 -0000

This week, we’re joined by Variant’s Jesse Walden to unpack the “Everything is Market” thesis, arguing that crypto expands finance into culture by lowering barriers to creating markets. We examine markets as change agents, APIs for intelligent agents, hyperfinancialization’s social effects, the evolution from gambling to investing, and implications for ownership, regulation, and AI-driven organizations

Thanks for tuning in!

Resources

Everything is Market: https://x.com/jessewldn/status/2022291132080644339

Markets Are Eating the World: https://taylorpearson.me/markets-are-eating-the-world-book/

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

–

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—-

Timestamps

(00:00) Introduction

(01:40) Everything is Market

(06:09) Creating New Markets

(09:13) Markets as Change Agents

(17:23) Canton Ad

(18:02) Markets as APIs

(29:57) Canton Ad

(30:34) AI’s Impact on Markets

(44:29) Social Effects of Hyperfinancialization

(53:09) Closing Comments

—--

The Rise of Real World Asset Vaults | Roundup

Fri, 27 Feb 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the rise of vibe coding, and its parallels to past crypto token booms before examining the evolution of DeFi vaults and real-world asset looping. They dive into distribution, curation, oracle and liquidation risks, institutional adoption challenges, and the demand-side hurdles facing tokenized asset strategies.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(02:53) Vibe Coding’s Explosion

(10:22) Canton Ad

(11:01) The History of Vaults

(22:49) The Value Chain of Vaults

(36:41) Canton Ad

(37:18) Vault Curation

(50:51) Looping Strategies & Their Risks

(59:15) Closing Comments

—--

Funding Abundance: Aave’s Vision for DeFi and Real-World Assets | Stani Kulechov

Tue, 24 Feb 2026 09:00:00 -0000

This week, we’re joined by Stani Kulechov, Founder of Aave Labs, to discuss the “Funding Abundance” thesis, highlighting DeFi’s capital efficiency, institutional adoption, and expansion into RWAs. We also dive into Aave V4’s modular hub-and-spoke architecture, the Aave app strategy, revenue realignment via “Aave Will Win,” RWA looping, and evolving net interest margins.

Thanks for tuning in!

Resources

Funding Abundance: https://x.com/StaniKulechov/status/2023079479493452013?s=20

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

–

Follow Aave: https://x.com/Aave

Follow Stani: https://x.com/StaniKulechov

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(04:20) Funding Abundance & the State of DeFi

(19:23) Canton Ad

(20:02) The Aave App

(39:17) Canton Ad

(39:54 )New Phases of Growth

(44:46) The Impact of RWAs

(52:26) Net Interest Margin

(56:08) Closing Comments

—--

Introducing Oneshot: The AI Arms Race and Crypto Market Consolidation | Michael & Vance

Fri, 20 Feb 2026 20:00:00 -0000

Welcome to Oneshot! OneShot is a new weekly podcast from Framework Ventures that explores the intersection of commodities, energy, AI, and emerging technology through a crypto lens.

This week, Michael and Vance sat down to discuss progress on U.S. crypto market structure legislation, and industry consolidation. They also cover public versus private market dynamics, token valuations, AI adoption and workplace impact, and the capital-intensive competition among OpenAI, Anthropic, and xAI.

Thanks for tuning in!

Resources

Dario Amodei — “We are near the end of the exponential”: https://youtu.be/n1E9IZfvGMA?si=S3aMCORIsQ__3TdE

–

Follow Oneshot: https://x.com/OneshotPodBW

Follow Framework Ventures: https://x.com/hiFramework

Follow Michael: https://x.com/im_manderson

Follow Vance: https://x.com/pythianism

Subscribe on YouTube: http://bit.ly/4aytFti

Subscribe on Apple: https://bit.ly/4aJwHen

Subscribe on Spotify: https://bit.ly/4rZkkSt

—-

Timestamps

(00:00) Introduction

(01:30) What is Oneshot?

(05:05) CLARITY Act Update

(13:35) Crypto’s Capital Consolidation

(25:44) AI Tools: Hype vs Reality

(36:05) The AI Arms Race

—--

The New Rules of Crypto Distribution | Roundup

Fri, 20 Feb 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss market sentiment and Hyperliquid’s Policy Center, revisit the fat protocol thesis, and explore the evolving distribution strategies for crypto apps and infrastructure.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(05:07) Market Sentiment

(10:32) Hyperliquid Policy Center

(13:07) Revisiting the Fat Protocol Thesis

(18:26) Canton Ad

(19:05) Gaining Distribution Today

(35:53) Canton Ad

(36:29) How Virality Impacts Distribution

(51:23) AI’s Impact on Distribution

(01:21:17) Closing Comments

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles and our guests may hold positions in the companies, funds, or projects discussed.

What Makes a Good Token? | Roundup

Fri, 13 Feb 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss what makes a “good” token by revisiting token categories, token buybacks versus reinvesting revenue for growth, plus token distribution and emissions challenges.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Join us at DAS (Digital Asset Summit) in New York City this March! Follow the link below to grab your ticket, and use code BELL200 to get $200 off your ticket! See you there!

Tickets: https://blockworks.co/event/digital-asset-summit-nyc-2026

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(03:45) DAS NYC 2026

(06:40) The Different Types of Tokens

(14:03) Canton Ad

(14:42) What Makes a Good Token?

(29:00) Canton Ad

(29:37) Token Buybacks

(01:02:00) Token Allocations

(01:08:30) Closing Comments

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles and our guests may hold positions in the companies, funds, or projects discussed.

Crypto’s Reality Check | Roundup

Sat, 07 Feb 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss crypto’s massive selloff, divergence from equities, and the impact of large liquidations. They compare prior cycles, debate product-market fit versus token-led speculation, and discuss shifting focus toward stablecoins, prediction markets, RWAs, AI and crypto, and tougher VC funding standards.

Thanks for tuning in!

—

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(03:57) Crypto’s Divergence

(19:31) The Bear Market

(25:05) Canton Ad

(25:44) Comparing Cycles

(39:22) Canton Ad

(39:59) Market Consolidation

(45:31) Closing Comments

—--

The Infrastructure Behind Agentic Finance | Roundup

Fri, 30 Jan 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss agentic finance at the intersection of AI and crypto. They cover payment rails, emerging standards, agent trust and incentives, identity and collateral mechanisms, market competition, trading use cases, UX challenges, and broader implications for compliance, infrastructure, and value creation in AI-driven financial systems.Thanks for tuning in!

Resources

The Evolution of Open Source: https://youtu.be/9BwdBkGiFS0?si=Qpy-hjgPixyXLm1E

The Intersection of AI and Crypto: https://youtu.be/OgisYpLfDNw?si=e29cpZYQk4cPbrlr

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

(00:00) Introduction

(01:40) Overview of Agentic Finance

(10:03) Emerging Standards

(16:57) Competition in the Market

(23:22) Will Agents Use Crypto Rails?

(43:35) Using Agents for Trading

(55:35) How Agentic Finance Changes the World

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles and our guests may hold positions in the companies, funds, or projects discussed.

The Intersection of AI and Crypto: What Worked, What Didn’t, and What’s Next | Roundup

Fri, 23 Jan 2026 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the intersection of AI and crypto. They cover early hype, infrastructure and compute marketplaces, Bittensor, DePIN, data coordination, SaaS disruption, pricing models, compliance, and where long-term value may emerge.Thanks for tuning in!

Resources

Ribbit Capital Letters: https://www.ribbitcap.com/perspective

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(01:40) The Intersection of AI and Crypto

(15:04) How AI Disrupts SaaS Businesses

(20:08) The Major Categories of Crypto x AI

(41:05) Thoughts on DePIN

(51:03) Crypto x AI Going Forward

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Myles, Xavier and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Market Structure, Macro Volatility, and the Next Phase of Crypto | Michael Anderson & Vance Spencer

Wed, 21 Jan 2026 14:03:00 -0000

This week, Michael and Vance discuss recent market volatility, crypto legislation,interest rate and housing market outlooks, Tom Lee and BitMine developments, AI industry consolidation, and emerging onchain business models.

Thanks for tuning in!

–

Follow Michael: https://x.com/im_manderson

Follow Vance: https://x.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

TIMESTAMPS

(00:00) Introduction

(01:21) Market Outlook

(11:39) Interest Rates and the Housing Market

(19:32) Thoughts on the Fed Chair

(21:17) Tom Lee and BitMine

(29:13) The AI Space Today

(37:27) Cult Stocks

(43:06) Lighter vs Hyperliquid

(46:38) Closing Comments

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Forward Guidance: The Market Is Rotating Faster Than Policy Can Keep Up

Fri, 16 Jan 2026 23:06:00 -0000

This week, we unpack rising market euphoria, sector rotations and why consumers are suddenly back in focus. We also dig into Fed constraints, Japan’s endgame, Bitcoin waking up, and more. Enjoy!

—

Follow Tyler: https://x.com/Tyler_Neville_

Follow Quinn: https://x.com/qthomp

Follow Felix: https://twitter.com/fejau_inc

Follow Forward Guidance: https://twitter.com/ForwardGuidance

Follow Blockworks: https://twitter.com/Blockworks_

Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx

Weekly Roundup Charts: https://drive.google.com/file/d/1vs0cYl__KxtoSrvj2Gs9bKGQ2SedlY1g/view?usp=sharing

—

Katana directs chain revenue back to DeFi users for consistently higher yields.

It starts with VaultBridge, which turns bridged assets into yield streams that back a perpetually funded real yield, boosting rewards for DeFi users. Katana is pioneering Productive TVL, assets actually being used in DeFi and reinforces this with Chain-owned Liquidity, permanent liquidity the chain controls.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

—

Timestamps:

(00:00) Introduction

(02:24) Markets Too Hot & Sector Rotations

(12:14) Katana Ad

(12:37) Trump’s Shift To Main St.

(24:48) Fed, Rates & Tariffs

(29:48) Katana Ad

(30:19) CapEx & Credit Financing

(34:58) Bitcoin Catching Up To Metals

(42:45) Japan Endgame

(48:06) Final Thoughts

—

Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Macro #Investing #Markets #ForwardGuidance

Why Crypto Still Struggles to Capture the Value It Creates | Roundup

Sat, 10 Jan 2026 09:00:00 -0000

In this episode, we trace how open-source software shaped crypto, why value capture remains hard beyond Layer 1s, how rollups and infrastructure borrowed the wrong mental models, and where AI is forcing a rethink of software business models, incentives, and trust. Enjoy!Thanks for tuning in!

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://x.com/MikeIppolito_

–

Subscribe on YouTube: ⁠https://bit.ly/3R1D1D9⁠

Subscribe on Apple: ⁠https://apple.co/3pQTfmD⁠

Subscribe on Spotify: ⁠https://spoti.fi/3cpKZXH⁠

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

—--

Timestamps

(00:00) Introduction

(01:49) The Evolution of Software and Open Source

(08:13) Red Hat and Commercial Open Source Software

(14:41) The Rise of Open Core Companies

(19:21) Cloud Computing and Open Source Software

(21:40) The Intersection of Open Source and Crypto

(23:17) The Role of Layer 1s in Monetization

(29:22) Layer 2s: Business Models and Challenges

(55:30) AI’s Disruption of B2B SaaS and Open Source

(01:04:41) Final Thoughts

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Predictions for 2026

Sat, 03 Jan 2026 17:40:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss their predictions for 2026! They cover ecosystems, corporate chains, DeFi themes, venture capital, prediction markets, and AI.Thanks for tuning in!

Resources

2025 Year in Review: https://youtu.be/b3OMNMqMof0?si=q5Or5Vcc00kEwxbO

Mippo’s 2026 Predictions: https://x.com/MikeIppolito_/status/2006813164768571857

Mippo on Bankless: https://youtu.be/4R0Xi-XTkt8?si=Hjs4mi3VolsDXs6S

—

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

—-

Timestamps

(00:00) Introduction

(01:43) 2026 Overview

(11:07) Katana Ad

(11:29) Ecosystem Predictions

(27:49) Katana Ad

(28:21) DeFi Predictions

(56:37) Venture Capital Predictions

(01:04:55) Prediction Markets in 2026

(01:12:35) Thoughts on AI

(01:17:51) Closing Comments

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Myles, Xavier, and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

2025 Year in Review

Fri, 26 Dec 2025 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down for the 2025 Year in Review! They cover the biggest winners and losers of 2025, the best and worst calls of the year, the comeback story of the year, and more.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Timestamps:

(0:00) Introduction

(4:52) 2025 Retrospective

(15:25) Biggest Winners of 2025

(21:24) Katana Ad

(21:53) Biggest Losers of 2025

(29:55) Comeback Story of the Year

(36:31) Most Overhyped Project of 2025

(43:24) Rookie of the Year

(48:02) Katana Ad

(48:40) Best Calls of the Year

(54:00) Worst Calls of the Year

(58:29) Ponzi of the Year

(1:03:58) Best Conference of the Year

(1:05:45) Cockroach of the Year

(1:11:55) Most Underrated Project of the Year

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

2026 Predictions with Michael Anderson and Vance Spencer

Fri, 19 Dec 2025 17:00:00 -0000

This week, Michael and Vance joined the show to recap everything that happened in 2025, and give their predictions for 2026. They cover the CLARITY Act, stablecoin growth, prediction markets, and more. Enjoy!Thanks for tuning in!

Follow Michael: https://x.com/im_manderson

Follow Vance: https://x.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Timestamps:

(0:00) Introduction

(3:05) 2025 Recap

(13:25) The CLARITY Act's Impact

(26:07) Is This the End of the Four Year Cycle?

(30:30) Stablecoin Growth in 2026

(41:21) The Crypto VC Dynamic

(52:30) Outlook on Prediction Markets

(57:09) 2026 Macro Outlook

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Fixing Crypto’s Broken Token Structures | Roundup

Fri, 19 Dec 2025 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss recent events in crypto governance, including Uniswap’s unification plan, Aave’s internal conflict, and Circle’s acquisition of Axelar’s core developers. They dive into token and equity misalignment, investor protections, regulatory challenges, valuation implications, and potential future structures for decentralized protocols.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Timestamps:

(0:00) Introduction

(4:14) The Token vs Equity Dilemma

(28:11) Katana Ad

(28:39) The Perfect Formula

(38:50) The Axelar Situation

(52:03) Katana Ad

(52:41) Corporate Token Launches & Token Buybacks

(59:43) Closing Comments

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

The Return of Corporate Blockchains | Roundup

Thu, 11 Dec 2025 09:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss the resurgence of corporate blockchains, tracing their evolution from early “blockchain not Bitcoin” initiatives to today’s enterprise adoption. They analyze the various blockchain models, design tradeoffs, regulatory and strategic factors, and how companies like Stripe and Robinhood approach blockchain integration, and governance.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Timestamps:

(0:00) Introduction

(5:40) The Origins of Enterprise Blockchain

(16:11) Katana Ad

(16:39) The Different Types of Blockchains

(33:22) Katana Ad

(34:00) Design Tradeoffs

(40:51) What if Corporate Chains Win?

(1:07:12) Path Dependency

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Myles, Xavier and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Platforms in Crypto: The Next Phase of Crypto Growth | Roundup

Fri, 05 Dec 2025 17:00:00 -0000

This week, Mippo, Myles, and Xavier sat down to discuss platforms in crypto. They define what a platform is, explore Ethereum and Solana as tech platforms versus monetary assets, and debate the merits of product-led vs. developer-led growth go-to-market strategies. They also dive into the challenges of building and scaling ecosystems, and give their thoughts on where true platform value resides in crypto.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Timestamps:

(0:00) Introduction

(3:25) Defining a Platform

(12:06) Katana Ad

(12:35) Is Ethereum a Tech Platform?

(19:18) Product Led Platforms vs Developer Platforms

(32:56) Ethereum Foundation vs Solana Foundation

(39:04) Katana Ad

(39:41) Go-to-market Strategies Today

(52:35) Where Should Teams Focus?

(1:01:41) True Platforms In Crypto

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Breaking Down Uniswap’s Fee Switch and UNIfication Proposal | Hayden Adams & Jesse Walden

Wed, 26 Nov 2025 17:00:00 -0000

In this episode, we’re joined by Hayden Adams and Jesse Walden to discuss Uniswap’s “fee switch”. We cover the proposed “UNIfication” structure, protocol fee mechanics, DUNA legal framework, front-end fee removal, investor alignment, retroactive token burns, and the proposal’s potential industry impact.

Thanks for tuning in!

Resources

Uniswap’s UNIfication Proposal: https://gov.uniswap.org/t/unification-proposal/25881

Establishing Uniswap as “DUNI”: https://gov.uniswap.org/t/governance-proposal-establish-uniswap-governance-as-duni-a-wyoming-duna/25770

Follow Hayden: https://x.com/haydenzadams

Follow Jesse: https://x.com/jessewldn

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Timestamps:

(0:00) Introduction

(1:09) Unisocks Lore

(2:44) The Gensler Years

(14:17) The UNIfication Proposal

(25:00) Turning Off Frontend Fees

(37:52) Uniswap Design & Investor Alignment

(47:38) Retroactive Token Burn

(51:14) Could Uniswap Labs Ever Go Public?

(55:42) Token Value Accrual

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Revenue Meta, RWA Looping & Uniswap Fee Switch | Roundup

Fri, 14 Nov 2025 17:00:00 -0000

This week, we break down the violent selloff across equities and crypto, how real revenue, institutional capital, and RWA-looping are reshaping which assets survive. We also discuss the rise of institutional lending markets, Uniswap’s long-awaited fee switch proposal, and why retail-driven tokenomics are dead while fundamentals and sustainable business models take over. Enjoy!

The Canton Network is the only public, permissionless blockchain built for institutional finance—combining privacy, compliance, and scalability. It enables real-time, secure synchronization and settlement across asset classes on a shared, interoperable infrastructure. It’s the link between the promise of blockchain and the power of global finance, making finance flow as it should.

Learn more about the Canton Network here: ⁠https://www.canton.network/?utm_sourc…

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: ⁠https://blockworks.co/newsletter/⁠

Timestamps:

(0:00) Introduction

(2:07) Are Markets Cooked?

(8:28) Bell Curve Announcement

(11:08) Canton Ad

(11:53) On-Chain Lending Markets

(18:52) Institutional vs Retail Audience

(23:34) The Future of RWAs

(27:43) Canton Ad

(28:26) Uniswap Fee Switch Proposal

(39:05) Are DATs Dead?

(41:55) Lessons for the Future

(50:40) Final Thoughts

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Inside Crypto’s Liquidity Crunch | Romeo Ravagnan & Sonya Kim

Fri, 07 Nov 2025 17:00:00 -0000

In this episode, we’re joined by Romeo Ravagnan and Sonya Kim from 3F Labs to discuss the $30 billion open-interest wipeout, Binance’s margin issues, and the collapse of Stream Finance’s xUSD. They unpack pooled versus isolated risk models in lending, liquidity dynamics, and emerging strategies for leveraging RWAs onchain.Thanks for tuning in!

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Follow 3F Labs: https://x.com/3FLabs

Follow Romeo: https://x.com/3f_romeo

Follow Sonya: https://x.com/sonyasunkim

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Timestamps:

(0:00) Introduction

(1:31) Crypto's Open Interest Wipeout

(15:54) Ads (Canton & Katana)

(17:02) Stream Finance and xUSD

(26:22) Isolated vs Pooled Risk Models

(50:34) Ads (Canton & Katana)

(51:48) RWA Strategies

(1:03:57) Bringing New Strategies Onchain

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Crypto Finally Goes Mainstream | Roundup

Fri, 31 Oct 2025 16:00:00 -0000

In this solo Roundup, Mippo discusses JPMorgan’s pivot, the disruptive potential of stablecoins, new spot ETFs, the sustained growth of prediction markets, Trump pardoning CZ, and Western Union’s upcoming stablecoin.

Thanks for tuning in!

Resources

Stablecoin Linked Cards - Way Better Secured Credit Cards: https://x.com/sytaylor/status/1982474892114096349

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Timestamps:

(0:00) Introduction

(2:23) Jamie Dimon Admits He Was Wrong

(4:34) The GENIUS Act's Impact

(10:52) Canton Ad

(11:37) New Spot ETFs Launch

(15:03) Prediction Markets Continue to Grow

(18:59) Will Binance Expand Into the US?

(23:36) Canton Ad

(24:19) Can General Purpose L1s Keep Up?

(27:42) Western Union's Stablecoin

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

The Token Revolution | Roundup

Fri, 24 Oct 2025 16:00:00 -0000

This week, Mippo dives into current crypto market sentiment, bullish macro trends, potential 2026 market shifts, rising barriers to entry in crypto sectors, and consolidation among exchanges. He also unpacks Ribbit Capital’s thesis linking AI and crypto, Coinbase’s acquisition of Echo, and renewed optimism for U.S. crypto regulation through the CLARITY Act.

Thanks for tuning in!

Resources

Bitcoin OI Drops: Forward Returns Analysis: https://x.com/valterebelo/status/1981356384894451752

Trump Pardons CZ: https://blockworks.co/news/trump-pardons-changpeng-zhao

Ribbit Capital: Token Letter: https://www.ribbitcap.com/knowledge

Coinbase Acquires Echo: https://blockworks.co/news/coinbase-acquires-echo

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Timestamps:

(0:00) Introduction

(0:48) Market Outlook

(3:40) How Will Markets Look in 2026?

(11:40) Katana Ad

(12:09) The Next Wave of Infrastructure

(13:37) The Token Revolution

(23:29) Katana Ad

(24:06) Coinbase Acquires Echo

(30:32) The CLARITY Act

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Gold Hits All-Time Highs, Stablecoin Adoption, and Historic Liquidations | Roundup

Fri, 17 Oct 2025 19:11:00 -0000

On this week’s Roundup, we discuss gold’s new highs, and the implications this has for Bitcoin and crypto markets. We also unpack institutional crypto adoption, stablecoin-driven innovation, market liquidations, CeFi vs. DeFi resilience, and rising interest in prediction markets and tokenized financial systems.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Learn more about the Canton Network here: https://www.canton.network/?utm_source=podcast&utm_medium=shownotes&utm_campaign=cantonprivacy&utm_id=blockworks

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Intro

(1:16) Gold Hits All Time High

(16:04) Katana Ad

(16:34) Stablecoin Adoptions Impact On Sentiment

(29:05) Katana Canton Ad

(30:20) Historic Liquidations In Crypto Markets

(49:45) Thoughts on Predictions Markets

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Bitcoin Seasonality, Capital Flows, and New Stablecoins | Roundup

Fri, 03 Oct 2025 16:00:00 -0000

This week, we discuss Bitcoin’s seasonal trends, venture capital flows in crypto and AI, Flying Tulip’s $200M seed round, Keel’s debut on Solana, Stripe’s Open Issuance, and Cloudflare’s NET dollar.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Crypto’s premiere institutional conference returns to London in October 2025. Use code BELL100 for £100 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(3:01) Bitcoin Seasonality

(10:13) Capital Flows in Crypto vs AI

(27:27) Katana Ad

(27:56) Flying Tulip's Seed Round

(36:50) Keel's Debut

(46:02) Katana Ad

(46:40) Stripe's Open Issuance

(54:01) Cloudflare Introduces NET Dollar

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Ethereum’s Next Step, HYPE’s Token Supply, and Tether’s Big Raise | Roundup

Fri, 26 Sep 2025 16:00:00 -0000

In this episode, we discuss Vitalik’s “low-risk DeFi” blog post, unpack Hasu and Jon Charbonneau’s HYPE supply-reduction proposal, and take a look at post-GENIUS Act stablecoin momentum. We also compare AI’s surge with crypto market performance, and close the episode with discussion on Tether’s $500B raise. Thanks for tuning in!

Resources

Low-risk DeFi Can Be For Ethereum What Search Was For Google: https://vitalik.eth.limo/general/2025/09/21/low_risk_defi.html

Proposal to Reduce HYPE Total Supply By 45%: https://x.com/jon_charb/status/1970117627017105554

Ethereum Validator Queue: https://www.validatorqueue.com/

Katana directs chain revenue back to DeFi users for consistently higher yields.

Stop sleeping on your bags:

https://app.katana.network/?utm_source=BW-Pod

Crypto’s premiere institutional conference returns to London in October 2025. Use code BELL100 for £100 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(4:10) Vitalik's Blog On Low-Risk DeFi For Ethereum

(25:07) Katana Ad

(25:36) Should HYPE's Total Supply Be Reduced?

(36:38) Activity In The Stablecoin Market

(41:00) Katana Ad

(41:37) Crypto vs AI Performance

(54:57) Tether's Major Capital Raise

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Shelby Deep Dive: Bringing Decentralized Hot Storage to Crypto | Pranav Raval

Tue, 23 Sep 2025 08:00:00 -0000

In this episode, we’re joined by Pranav Raval, Head of Core Infra at Aptos Labs, to discuss Shelby, a decentralized hot storage network designed to monetize reads, enable scalable data use, and support applications like streaming, ads, and AI. Pranav explains its architecture, cross-chain integration, and creator economy potential, while highlighting Aptos’s role as the coordination layer.

Thanks for tuning in

Follow Shelby: https://x.com/shelbyserves

Follow Pranav: https://x.com/rpranav

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:17) The L1 Landscape Today

(4:37) Combining Silicon Valley & Wall Street

(8:38) What Does Shelby Enable?

(11:24) Understanding Shelby

(24:04) Utilizing DoubleZero

(25:51) Other Services

(28:50) Shelby Architecture Layers

(34:26) Why Make Shelby Its Own Layer?

(37:23) Enabling the Creator Economy

(43:54) Closing Comments

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

DATs, Stablecoin Wars, and Corporate Chains | Roundup

Fri, 19 Sep 2025 08:00:00 -0000

In this week’s Roundup, the Bell Curve crew reunites after six weeks to break down the ongoing evolution of digital asset treasury (DAT) companies, the shifting stablecoin landscape with HyperLiquid’s USDH, the debut of Stripe-backed Tempo and the broader “corporate chain” debate, and much more.

Thanks for tuning in!

Katana directs chain revenue back to DeFi users for consistently higher yields.

https://app.katana.network/?utm_source=BW-Pod

Follow Michael: https://x.com/im_manderson

Follow Vance: https://x.com/pythianism

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: ⁠https://bit.ly/3R1D1D9⁠

Subscribe on Apple: ⁠https://apple.co/3pQTfmD ⁠

Subscribe on Spotify: ⁠https://spoti.fi/3cpKZXH⁠

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: ⁠https://blockworks.co/newsletter/ ⁠

Join the Bell Curve Telegram group: ⁠https://t.me/+nzyxAvQ0Xxc3YTEx ⁠

Timestamps:

(0:00) We’re Back!

(1:48) Is the DAT Trade Over?

(9:44) Token Launch Experimentation

(11:33) Generating Real Yield

(15:10) Solana DATs

(17:42) Katana Ad

(18:11) Rebuilding Around Stablecoins

(21:08) Why Are We Tokenizing?

(22:24) Hyperliquid & USDH

(30:56) Regulation & Market Structure

(33:46) Katana Ad

(34:23) Where Are We in the Cycles?

(36:40) Compliance & Regulatory Clarity

(41:03) Crypto’s (d)Evolution

(44:45) Tempo & Corporate Chains

(59:39) Spiritual Bear Market?

(1:01:15) The World is Weird

(1:03:35) AI Bubble

(1:05:49) Base Teasing Token Launch

(1:08:13) Rate Cuts & DeFi Supercycle

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

The Best of Bell Curve

Fri, 15 Aug 2025 16:00:00 -0000

Bell Curve is taking a short summer break while the team recharges and enjoys some vacation time. We’ll be back with brand new episodes in September on our usual schedule.

In the meantime, we didn’t want to leave you hanging, so we’ve pulled together some of our favorite conversations from past episodes — the moments you loved, and the ones worth hearing again.

Enjoy the highlights, and we’ll see you in September with fresh content!

Resources

Hyperliquid’s Bold Vision For DeFi: https://youtu.be/xHGKv0Cx7ao

How Bitcoin Prepared Us For the Memecoin Era: https://youtu.be/ITQE2a8hZZg

Everything You Need to Know About Crypto Treasury Companies:https://youtu.be/DxyEE_G_3Wk

Entering Ethereum’s New Era: https://youtu.be/P1GjDXrE-OQ

Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users. The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more.

Go to app.katana.network to check it out.

EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more.

This is not financial advice. Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply.

Crypto’s premiere institutional conference returns to London in October 2025.

Use code BELL100 for £100 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(0:58) Hyperliquid’s Bold Vision For DeFi

(13:33) Ads (Katana & Eigen)

(14:27) How Bitcoin Prepared Us For the Memecoin Era

(24:49) Ads (Katana & Eigen)

(26:23) Everything You Need to Know About Crypto Treasury Companies

(34:23) Entering Ethereum’s New Era

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

GPT-5, Trump’s Crypto Executive Order, and Ethereum’s Bullish Saga | Roundup

Fri, 08 Aug 2025 16:00:00 -0000

In this week’s Roundup, we discuss the release of GPT-5, Trump’s Fed Governor appointment and macro policy shifts, Trump’s executive order to ease the path for private assets and crypto to be included in 401(k)s, Ethereum's institutional momentum, and emerging DeFi yield structures.

Thanks for tuning in!

Go to app.katana.network to check it out.

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:33) OpenAI Releases GBT-5

(12:47) Ads (Katana & Eigen)

(13:41) Trump Appoints Stephen Miran as Fed Governor

(19:48) Trump's 401k Executive Order

(32:44) Ads (Katana & Eigen)

(34:18) Tom Lee's Bullish Saga Continues

(45:41) DeFi Catalysts

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Empire Cross-Post: The Bull Case For GLXY With Duncan & Rittenhouse Research

Tue, 05 Aug 2025 08:00:00 -0000

Gm! This week, Duncan and Matt join Yano to dive into Galaxy’s unique business model and how it’s perfectly positioned for the AI, crypto and datacenter narratives as we move into the future.

Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information.

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Rittenhouse Research: https://x.com/RHouseResearch

Follow Duncan: https://x.com/FloodCapital

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

Timestamps:

(0:00) Introduction

(2:33) Unpacking Galaxy

(6:37) Bitcoin Mining

(14:05) Crypto Business

(16:05) Arkham Ad

(16:30) Galaxy’s Products

(23:41) Goldman Sachs’ Valuation

(30:57) Data Center Business

(41:37) Arkham Ad

(42:18) Galaxy’s Business Evolution

(51:46) Economics Explored

(59:13) Data Center Developments

(1:11:12) Challenges

(1:24:01) GLXY Stock Analysis

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Inside Crypto’s Credit Revival With Sid Powell | Roundup

Fri, 01 Aug 2025 16:00:00 -0000

In this episode, we’re joined by Maple Finance CEO and Co-Founder, Sid Powell, to discuss the evolving crypto credit landscape. We dive into the SEC’s Project Crypto initiative, institutional demand, structural shifts in DeFi lending post-Genesis, the rise of yield-bearing stablecoins, market indicators of leverage buildup, and the path toward DeFi 2.0 with improved transparency, regulation, and scalability.

Thanks for tuning in!

Go to app.katana.network to check it out.

Follow Sid: https://x.com/syrupsid

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:23) SEC Launches Project Crypto

(7:20) Institutional Demand

(9:58) Ads (Katana & Eigen)

(10:52) The Lending Landscape Today

(17:58) Borrowing to Short

(21:03) Centralized Lenders

(23:15) What is DeFi 2.0?

(27:17) Ads (Katana & Eigen)

(28:50) Crypto's Origination Landscape

(35:14) Lending Flow

(40:27) Regulatory Hurdles

(42:39) Growth Vectors

(50:21) Potential Market Convergence

(57:08) Where is Leverage Building Up?

(1:04:08) Checking Market Health

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Forward Guidance: Threat to Fed Independence is Un-Anchoring Inflation Expectations | Jens Nordvig

Tue, 29 Jul 2025 08:00:00 -0000

In this episode, PhD Economist Jens Nordvig breaks down the evolving macro environment marked by waning Fed independence, shifting capital flows, and a weakening U.S. dollar. He explains how tariff shocks, long-end bond dynamics, and geopolitical tensions are reshaping global investment behavior and challenging the traditional safe-haven role of U.S. assets. Jens also outlines the structural phases of de-dollarization, central bank reserve diversification, and how these factors may signal a long-term dollar downtrend. Enjoy!

Go to app.katana.network to check it out.

Follow Jens: https://x.com/jnordvig

Follow Felix: https://x.com/fejau_inc

Follow Forward Guidance: https://twitter.com/ForwardGuidance

Follow Blockworks: https://twitter.com/Blockworks_

Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx

Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance

Timestamps:

(0:00) Introduction

(3:21) Unpacking the Current Regime

(7:43) US Macro Overview

(8:18) Ads (Katana & Eigen)

(9:15) US Macro Overview

(13:44) FX & Dollar Hedging

(18:55) Tariff Impact on Capital Flows

(24:55) Diversifying Central Bank Reserves

(28:56) What’s Holding Up the Dollar?

(29:38) Ads (Katana & Eigen)

(31:12) What’s Holding Up the Dollar?

(36:02) Un-anchoring Inflation Expectations

(41:04) Bond Yields, Fiscal & the Fed

(48:10) US Growth & Investment

(50:03) Fed Cut Expectations

(51:58) Tariff Threat Overstated?

Everything You Need to Know About Crypto Treasury Companies With Jeff Park | Roundup

Fri, 25 Jul 2025 16:00:00 -0000

In this episode, we’re joined by Bitwise’s Head of Alpha Strategies, Jeff Park! We explore the financial engineering behind Bitcoin treasury companies, focusing on Michael Saylor’s capital structure innovations. We discuss convertible debt, preferred equity, market demand dynamics, options chains, in-kind contributions, tax and regulatory implications, and the sustainability of these treasury vehicles. Thanks for tuning in!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Follow Jeff: https://x.com/dgt10011

Follow Michael: https://twitter.com/im_manderson

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:49) The Convertible Debt Market

(9:44) Preferred Shares vs Converts

(12:19) Ads (Arkham & Eigen)

(13:10) The Demand Side

(21:35) How is Saylor's Strategy Possible?

(30:47) Ads (Arkham & Eigen)

(32:24) What Is The Investment Bank's Role?

(37:45) Bitcoin Treasury Companies Abroad

(45:38) What Are Treasury Companies Allowed To Do Onchain?

(48:29) Treasury Company Financial Metrics

(51:44) The Best Path For Ethereum Treasury Companies

(56:56) Bitmine's Options Chain

(1:00:05) The Impact of In-kind Contributions

(1:03:56) The Doom Loop

(1:08:35) Comparing Treasury Vehicles and GBTC

(1:11:47) How Do Treasury Companies Impact Demand?

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Empire Cross-Post: DC Crypto Week Takeaways With Rebecca Rettig & Alexander Grieve

Tue, 22 Jul 2025 08:00:00 -0000

Gm! This week, Rebecca Rettig and Alexander Grieve join Jason to unpack the successful crypto week and the 3 pieces of legislation that have passed and will now impact the way stablecoins and crypto move forward in the US landscape.

Go to app.katana.network to check it out.

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Alex: https://x.com/AlexanderGrieve

Follow Rebecca: https://x.com/RebeccaRettig1

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

Timestamps:

(0:00) Introduction

(1:38) Crypto Week Breakdown

(6:01) GENIUS Act

(26:03) Ads (Katana & Eigen)

(26:57) CLARITY Act

(37:36) CLARITY Act + ICOs

(41:46) Ads (Katana & Eigen)

(43:20) CLARITY Act + DeFi

(54:01) Citrea Ad

(54:37) ANTI-CBDC Act

(58:11) Impacts Of These Bills

(1:01:19) Biggest Debates On Bills

Ethereum’s Comeback, PumpFun’s ICO, and Crypto’s Regulatory Shift | Roundup

Fri, 18 Jul 2025 08:00:00 -0000

In this episode, Mippo and Vance discuss Ethereum’s resurgence driven by institutional inflows, and stablecoin adoption. They also dive into the PUMP ICO, its market positioning, and consumer platform potential. Finally, they cover regulatory developments, including the CLARITY and GENIUS Acts, and Coinbase’s wallet rebrand. Enjoy!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Follow Michael: https://twitter.com/im_manderson

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:00) Ethereum's Massive Shift

(14:01) Ads (Arkham & Eigen)

(14:52) The PUMP ICO

(26:11) PumpFun's Buyback & Outlook

(34:26) Ads (Arkham & Eigen)

(36:03) The CLARITY Act Passes

(41:59) Coinbase's Rebrand and Next Steps

(54:56) The GENIUS Act Passes

(56:21) Robert Leshner's Treasury Company

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Empire Cross-Post: The Crypto Treasury Playbook With Ben Forman & Josh Solesbury From ParaFi Capital

Tue, 15 Jul 2025 08:00:00 -0000

Gm! Ben Forman and Josh Solesbury from ParaFi Capital join Yano for this episode to dive into all the details, developments, the good and the bad and the future for publicly traded crypto vehicles!

Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.

Pre-deposit now: Earn high APRs with Turtle Club https://app.turtle.club/campaigns/katana or spin the wheel with Katana Krates https://app.katana.network/krates

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Josh: https://x.com/joshsolesbury

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

Timestamps:

(0:00) Introduction

(1:53) Parafi Investor Letter

(2:41) Digital Asset Treasuries Overview Today

(10:03) Katana Ad

(10:24) Why Q2 + Q3 For Public Crypto

(15:36) Largest Convertible Issuer

(22:18) Scale of Public Crypto Treasury Vehicles

(23:49) Katana Ad

(24:22) Green Flags To Launch A Treasury Company

(37:10) Reputational Risks

(40:38) Why don't Treasury vehicles Impact native token price action

(48:35) Citrea Ad

(49:11) Crypto Treasury Vehicles For Top 50

(56:13) Low Capital Market Crypto Liquidity

(58:33) Top Signals

(1:05:20) The End Game

Robinhood’s L2, Pump’s TGE, and Suitgate | Roundup

Fri, 11 Jul 2025 14:08:00 -0000

In this episode, Mippo dives into Pump’s token launch and competitive pressures in the launchpad space, Robinhood’s onchain stock derivatives and Arbitrum-based L2 plans, and the prediction market controversy surrounding Zelensky’s attire.Thanks for tuning in!

Resources

Pump’s TGE & Launchpad Wars: https://x.com/_ryanrconnor/status/1943348190381543769

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:46) Pump's TGE & Launchpad Wars

(13:51) Ads (Arkham & Eigen)

(14:42) Robinhood's Onchain Stocks & Arbitrum L2

(25:17) Ads (Arkham & Eigen)

(26:53) Thoughts on Suitgate

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Permissionless: America’s DeFi Renaissance | Eugene Chen & Merlin Egalite

Tue, 08 Jul 2025 08:00:00 -0000

In this episode, we went live from Permissionless with Eugene Chen, Co-founder and CEO of Ellipsis Labs, and Merlin Egalite, Co-founder of Morpho, to explore the resurgence of DeFi activity in the U.S. driven by emerging regulatory clarity around stablecoins and market structure. We also discuss U.S. dollar dominance in stablecoins, institutional adoption, the role of front-end regulation, real-world asset tokenization, and the potential for global financial systems to move onchain. Thanks for tuning in!

Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.

Pre-deposit now: Earn high APRs with Turtle Club https://app.turtle.club/campaigns/katana or spin the wheel with Katana Krates https://app.katana.network/krates

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Follow Eugene: https://x.com/0xShitTrader

Follow Merlin: https://x.com/MerlinEgalite

Follow MonetSupply: https://x.com/MonetSupply

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:39) American DeFi

(5:56) Stablecoin Regulation and Its Impact on DeFi

(11:14) Ads (Katana & Ledger)

(11:53) Serving US Users and Regulatory Compliance

(23:49) Ads (Katana & Ledger)

(24:57) Will DeFi Front Ends Be Targeted By Regulation?

(29:59) Bringing RWAs Onchain

(39:25) Citrea Ad

(40:01) The 5 Year Vision For DeFi

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

0xResearch Cross-Post: Crypto Regulation, Breakout Apps, and TradFi’s Impact | Jon Charbonneau

Fri, 04 Jul 2025 08:00:00 -0000

In this episode, Jon Charbonneau of DBA joined us at Permissionless to discuss regulatory arbitrage in crypto, challenges around decentralization, and the evolving role of L2s. We also explore opportunities in prediction markets, memecoins, and modular lending. Finally, we touch on investment trends, talent pools, and institutional adoption across ecosystems like Solana, Base, Monad, and Hyperliquid.Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Follow Jon: https://x.com/jon_charb

Follow Carlos: https://x.com/0xcarlosg

Follow Danny: https://x.com/defi_kay_

Follow Boccaccio: https://x.com/salveboccaccio

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Subscribe on YouTube: https://bit.ly/3foDS38

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

Timestamps:

(0:00) Introduction

(1:59) Regulatory Arbitrage In Crypto

(7:20) Degrees of Decentralization

(12:43) Arkham Ad

(13:09) Switching Costs

(16:02) Who Owns the User?

(19:17) Monad vs MegaETH

(22:49) Crypto's Next Breakout App

(30:08) Arkham Ad

(30:49) Crypto's Talent Pool

(34:44) Navigating the Liquid Markets

(40:27) Who Benefits From TradFi Entering Crypto?

(46:48) Has Base Been Successful?

(49:25) Where Are New Apps Deploying?

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

Permissionless: DeFi’s Next Frontier | Hayden Adams & David Hoffman

Tue, 01 Jul 2025 08:00:00 -0000

In this episode, we went live from Permissionless with David Hoffman and Hayden Adams to discuss Uniswap’s evolution from V1 to V4 and the development of Unichain. We dive into Uniswap’s full-stack approach, MEV minimization strategies, competition with centralized platforms, and the future of the Uniswap wallet.

Thanks for tuning in!

Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.

Pre-deposit now: Earn high APRs with Turtle Club https://app.turtle.club/campaigns/katana or spin the wheel with Katana Krates https://app.katana.network/krates

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Follow Hayden: https://x.com/haydenzadams

Follow David: https://x.com/TrustlessState

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:08) Uniswap's Value Proposition

(6:21) Katana Ad

(6:42) What Can DeFi Do For TradFi?

(12:30) Ads (Katana & Citrea)

(13:32) Handling MEV

(21:38) The Future of Uniswap Wallet

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Macro Updates, Industry Narratives & Big Tech Coming For Crypto | Permissionless IV Recap

Mon, 30 Jun 2025 08:00:00 -0000

To recap Permissionless, we got the hosts from 0xResearch, Forward Guidance, Lightspeed, and Supply Shock together to discuss their thoughts from the conference, and what they are excited about going forward. Enjoy!

Follow Boccaccio: https://x.com/salveboccaccio

Follow Danny: https://x.com/defi_kay_

Follow Rizzo: https://x.com/pete_rizzo_

Follow Felix: https://x.com/fejau_inc

Follow Jack: https://x.com/whosknave

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:16) Permissionless IV Takeaways

(7:19) Big Industry Narrartives & Themes

(12:21) Stablecoins’ Future

(18:03) Macro Outlook

(21:04) Big Tech Overloads

(28:54) Predictions We Made That Were Wrong

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Bell Curve x Empire: Prediction Markets, Crypto’s Magnificent 7, and Stablecoin Growth | Roundup

Fri, 27 Jun 2025 17:04:00 -0000

This crossover episode is coming to you LIVE from Permissionless! Michael, Santi, Mippo, and Jason discuss the growth of prediction markets, crypto’s own “Magnificent 7” forming, Bitcoin’s dominance, and stablecoins going mainstream. Thanks for tuning in!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Follow Santi: https://x.com/santiagoroel

Follow Michael: https://twitter.com/im_manderson

Follow Jason: https://x.com/JasonYanowitz

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:20) The Growth of Prediction Markets

(4:05) Polymarket vs Kalshi's Business Models

(9:25) Ads (Arkham & Ledger)

(10:09) Is Crypto Forming Its Own Mag 7?

(18:49) Global Capital Pools and the State of Venture

(27:47) Bitcoin Dominance Is Up Only

(33:44) Ads (Arkham & Ledger)

(34:59) Verifiable Apps and the Effectiveness of the DAO

(38:10) How to Play the Stablecoin Boom

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

The Role of DeFi Risk Curators | Adrian & Tarun | S9 E5

Tue, 24 Jun 2025 08:00:00 -0000

In this episode, we’re joined by Tarun from Gauntlet, and Adrian from Steakhouse, to dive into the emerging role of risk curators in DeFi. We cover the evolution of curator models, incentive structures, fixed-rate lending via Morpho v2, market design trade-offs, institutional adoption, and future opportunities for specialized lending infrastructure.

Thanks for tuning in!

Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.

Pre-deposit now: Earn high APRs with Turtle Club https://app.turtle.club/campaigns/katana or spin the wheel with Katana Krates https://app.katana.network/krates

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Follow Adrian: https://x.com/adcv_

Follow Tarun: https://x.com/tarunchitra

Follow MonetSupply: https://x.com/MonetSupply

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:46) The Role of a Risk Curator

(9:28) Ads (Katana & Ledger)

(10:07) Incentive Structures as a Risk Provider

(19:52) Providing Liquidity Onchain

(24:15) Ads (Katana & Ledger)

(25:23) Morpho v2's Impact

(44:28) Citrea Ad

(45:04) The Institutional Side of Curation

(55:07) Specialized Lending

(1:08:29) The Evolution of Risk Curation

(1:18:51) Outro

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Macro Uncertainty, Circle’s Surge, and Prediction Market Utility | Roundup

Fri, 20 Jun 2025 08:00:00 -0000

In this episode, we discuss the current macro volatility, the GENIUS Act and CRCL’s price surge, and “alt season” narratives shifting to public markets. We also cover token unlock dynamics, JP Morgan’s stablecoin plans, and the emerging utility of prediction markets.

Thanks for tuning in!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(3:39) Market Sentiment

(11:39) Arkham Ad

(12:05) The GENIUS Act Passes Senate Vote

(15:30) Crypto IPOs & Alt Season

(24:49) Arkham Ad

(25:30) The State of Crypto Infrastructure

(43:53) JP Morgan Launches Pilot For JPMD

(51:05) Prediction Markets

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Introducing The Token Transparency Framework | Empire

Wed, 18 Jun 2025 13:00:00 -0000

On this episode, Yano is joined by Dan Smith of Blockworks Research, Felipe Montealegre of Theia Research and Louis T of L1D to publicly launch a brand new, industry leading Token Transparency Framework that will move the entire industry forward!

Learn more here - https://blockworks.co/token-transparency

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Felipe - https://x.com/TheiaResearch

Follow Louis - https://x.com/0xLouisT

Follow Dan: https://x.com/smyyguy

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod -- Timestamps: (0:00) Token Transparency (2:47) The Token Market & Lemons (12:02) Equity vs Token Risk (14:40) Structural Token Issues (17:34) How Did We Get Here? (23:19) Token Horror Stories (32:12) Token Launches (57:12) Best Case Scenario (1:03:00) Impact On Token Prices -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

How Morpho Is Redefining Money Markets | Paul Frambot | S9 E4

Tue, 17 Jun 2025 08:00:00 -0000

In this episode, we’re joined by Paul Frambot, Co-founder and CEO of Morpho Labs to discuss Morpho V2! We dive into Morpho V2’s architecture, MEV implications for the new design, and the curator market. We also cover stablecoin demand, and the potential for building an onchain yield curve.Thanks for tuning in!

Resources

Morpho - Ushering in DeFi’s Next Era: https://youtu.be/smvV7Ax3bdE

Morpho V2: Liberating the Potential of Onchain Loans: https://morpho.org/blog/morpho-v2-liberating-the-potential-of-onchain-loans/

Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.

Pre-deposit now: Earn high APRs with Turtle Club https://app.turtle.club/campaigns/katana or spin the wheel with Katana Krates https://app.katana.network/krates

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Grab your tickets to Permissionless IV.

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Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:20) Overview of Morpho

(3:48) Why Hasn't Fixed Rate Lending Taken Off?

(8:41) Borrower UX

(12:03) Ads (Katana & Ledger)

(12:42) Behind the Scenes of Fixed Rates

(16:17) Improvements Made in Morpho v2

(20:15) Design Tradeoffs

(29:36) Ads (Katana & Ledger)

(30:44) MEV Implications

(36:00) Term Preferences

(44:25) Citrea Ad

(45:00) The Curator Market

(56:53) Vertical Integration Strategy

(1:00:28) Stablecoin Demand

(1:03:03) Building an Onchain Yield Curve

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

0xResearch Cross-Post: The Last Mile Problem For Stablecoins | Analyst Round Table

Fri, 13 Jun 2025 08:00:00 -0000

In this episode, we discuss Plasma’s token sale, and whether USDT supply on Tron will migrate to Plasma. We also unpack Morpho’s efforts to align token vs equity incentives. Finally, we dive into what products we are currently interested in and trying out. Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Resources

Building the Future of Global Payments: https://youtu.be/8Zd_MTSFojQ?feature=shared

Axiom: Breaking Open the Trading Bot Market: https://x.com/defi_kay_/status/1920154686642139474

–

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

–

Join us from June 24th-June 26th at Permissionless IV! Use code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

–

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Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

–

Timestamps:

(0:00) Introduction

(3:26) Plasma's XPL Token Sale

(12:48) Arkham Ad

(13:14) Will Tron's USDT Supply Migrate to Plasma?

(29:50) Arkham Ad

(30:30) Morpho's Token Announcement

(40:49) What New Products Are We Checking Out?

(56:34) Come to Permissionless

–

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

0xResearch Cross-Post: How Should We Value Hyperliquid?

Tue, 10 Jun 2025 08:00:00 -0000

In this episode, we discuss whether the HyperEVM has been a success, HyperCore’s growth moving forward, and the impact of builder codes and HIP-3. Finally, we dive into how to value the HYPE token.Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

Follow Max: https://x.com/fiege_max

Follow Monk: https://x.com/defi_monk

Follow Omnia: https://x.com/0xOmnia

Follow Tolks: https://x.com/_tolks

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Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

Timestamps:

(0:00) Introduction

(2:58) Has the HyperEVM Been A Success?

(14:28) Ledger Ad

(14:52) HyperCore's Growth Going Forward

(24:51) Builder Codes & HIP-3

(41:14) Ledger Ad

(41:55) How Should We Value HYPE?

(1:02:10) Citrea Ad

(1:02:46) HYPE Fundamentals

(1:11:43) Closing Comments

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

PumpFun’s Impact on Solana, Circle’s IPO, and Elon and Trump’s Feud | Roundup

Fri, 06 Jun 2025 17:59:00 -0000

In this episode, we unpack Elon and Trump’s feud, and its impact on the markets before diving into the demand for Circle’s IPO. We also discuss PumpFun’s plans for their token sale and the health of the memecoin market. Finally, we wonder, are foundations in crypto still necessary?

Thanks for tuning in!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Join us from June 24th-June 26th at Permissionless IV! Use code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:13) Could Elon Switch Parties?

(12:19) Ads (Arkham & Marinade)

(13:00) The Demand For Circle's IPO

(28:08) Ads (Arkham & Marinade)

(29:28) PumpFun Plans Their Token Sale

(39:48) The Health of the Memecoin Market

(42:14) The Impact of Trump and Elon's Feud on Crypto

(47:07) Are Foundations Still Necessary?

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Lightspeed Cross-Post: The State of Solana DeFi With Kyle Samani & Chris Heaney

Tue, 03 Jun 2025 08:00:00 -0000

Gm! This week we're joined by Kyle Samani & Chris Heaney to discuss the state of Solana DeFi today. Enjoy!

Follow Kyle: https://x.com/KyleSamani

Follow Chris: https://x.com/crispheaney

Follow Jack: https://x.com/whosknave

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Subscribe to the Lightspeed Newsletter: https://blockworks.co/newsletter/lightspeed

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

Timestamps:

(0:00) Introduction

(2:32) The State Of Solana DeFi

(5:34) Market Making Onchain

(10:06) Ledger Ad

(10:30) Solana Network Upgrades

(17:27) The Axiom Success Story

(21:02) Competing As A Perps DEX

(22:58) The Future Of Tokenization

(29:13) Ledger Ad

(29:54) Bitcoin

(33:53) Solana: The L1 vs Apps

(39:14) Why Does DeFi Matter?

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

OpenAI, Hyperliquid, and the Internet's Next Growth Phase | Roundup

Fri, 30 May 2025 08:00:00 -0000

In this episode, we discuss Sam Altman and Jony Ive’s collaboration, SF vs NYC, and consumer applications. We also dive into Hyperliquid’s dominance, and the value proposition of HYPE. Finally, we discuss the ever increasing number of companies buying crypto assets, Circle’s IPO, and Plasma’s token sale on Sonar.

Thanks for tuning in!

Resources

Tokens are Broken - Felipe Montealegre: https://youtu.be/99XsVSN_doQ?si=3Aql-2ahkWh0e-e_

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Join us from June 24th-June 26th at Permissionless IV! Use code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(1:25) Sam Altman & Jony Ive Introduce io

(8:18) Ads (Arkham & Marinade)

(8:58) Are Blockchains Consumer Technology?

(22:29) Hyperliquid's Dominance

(31:15) Ads (Arkham & Marinade)

(32:35) Comparing HYPE to BNB

(37:08) HYPE's Value Proposition

(41:52) Companies Buying Crypto Assets

(56:57) Circle's IPO & Plasma's Token Sale

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Empire Cross-Post: The Bull Case For Ethereum | Tom Dunleavy & Ryan Berckmans

Tue, 27 May 2025 08:00:00 -0000

Gm! This week we're joined by Tom Dunleavy & Ryan Berckmans to discuss the bull case for Ethereum. We deep dive into Ethereum's big pivot, how to value the L1, should L2 tokens exist, the role of Etherealize, what's next for ETH & more. Enjoy!

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Ryan: https://x.com/ryanberckmans

Follow Tom: https://x.com/dunleavy89

Follow Jason: https://x.com/JasonYanowitz

Follow Santi: https://x.com/santiagoroel

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

Timestamps:

(0:00) Introduction

(1:46) What Went Wrong With Ethereum?

(4:30) The Ethereum L2 Roadmap

(7:33) Does Ethereum Have Product Market Fit?

(10:45) Ethereum’s Big Pivot

(15:08) Ledger Ad

(15:32) Should Blockspace Be Taxed?

(17:57) Ethereum's Next Chapter

(23:37) The Role Of Etherealize

(26:00) Ledger Ad

(26:41) Does Scaling The L1 Benefit L2s?

(37:22) How To Attract Builders To Ethereum

(39:30) Citrea Ad

(40:06) Should We Tariff The L2s?

(45:18) How To Value L1s

(50:33) The Bull Case For ETH

(57:43) Should L2 Tokens Exist?

(1:02:45) Final Thoughts

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Entering Ethereum’s New Era | Tomasz Stańczak

Fri, 23 May 2025 08:00:00 -0000

In this episode, we’re joined by Tomasz Stańczak, Co-Executive Director at the Ethereum Foundation, to discuss Ethereum’s evolving culture, and product focus. We also dive into Ethereum’s DeFi and RWA dominance, scaling the L1, real-time proving breakthroughs, and Ethereum’s long-term vision.Thanks for tuning in!

Resources

Real-Time Ethereum Proving is here: https://x.com/SuccinctLabs/status/1924845712921264562

Justin Drake on Real-Time Proving: https://x.com/SuccinctLabs/status/1925306484281553262

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Tomasz: https://x.com/tkstanczak

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

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Subscribe on YouTube: https://bit.ly/4mqh9kK

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:10) Getting Started at the Ethereum Foundation

(6:16) Culture of the Ethereum Foundation

(13:30) Ads (Arkham & Marinade)

(14:10) Should Ethereum Mimic Bitcoin?

(33:21) Ads (Arkham & Marinade)

(34:41) Ethereum's Lead in DeFi and RWAs

(42:12) Real-Time Proving

(50:53) Citrea Ad

(51:29) Scaling the L1

(53:17) The Fusaka Upgrade

(56:17) Will Circle Be Acquired?

(1:03:50) What is Tomasz Excited About?

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

0xResearch Cross-Post: The Bandwidth Bottleneck Holding Blockchains Back | DoubleZero

Tue, 20 May 2025 08:00:00 -0000

In this episode, we’re joined by Austin Federa and Mateo Ward to dive into DoubleZero! They explain why bandwidth—not compute—is the real blockchain bottleneck, and how DoubleZero addresses it. We also cover validator economics, token incentives, critiques on DePIN, performance benchmarks, and plans for Solana and beyond.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

Timestamps:

(0:00) Introduction

(2:11) What is DoubleZero and Why Do We Need It?

(12:26) Ledger Ad

(12:44) DoubleZero Stakeholders

(18:44) DoubleZero Tokenomics and the Problem with DePIN

(23:45) Ledger Ad

(24:20) Solving the Cold Start Problem

(28:30) Performance Improvments Using DoubleZero

(40:04) Citrea Ad

(40:33) Expanding to Other Chains

(45:01) Thoughts on Multicast

(48:49) The DePIN Label

(52:32) Reflecting and Closing Comments

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Ethereum Is Running Away With DeFi | Roundup

Fri, 16 May 2025 08:00:00 -0000

In this episode, we break down Ethereum’s momentum in DeFi, and its sustained institutional adoption. We also discuss Ethereum’s finance-first identity versus Solana’s consumer focus, and explore how emerging funding models and regulatory shifts are reshaping the venture landscape.Thanks for tuning in!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off

Tickets: https://blockworks.co/event/permissionless-iv

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:24) Crypto Markets Rebound & ETH's New Era

(10:17) Ethereum is Running Away with DeFi

(18:36) Ads (Arkham & Marinade)

(19:10) Believe vs VC Funding

(26:52) XRP & ETH's Fight For Institutional Market Share

(31:21) Ads (Arkham & Marinade)

(32:34) Updates on the GENIUS Act

(41:13) Citrea Ad

(41:42) Coinbase's Data Leaks

(50:06) The State of Venture Today

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Hyperliquid’s Bold Vision for DeFi | Jeff Yan | S9 E3

Tue, 13 May 2025 08:00:00 -0000

In this episode, we sat down with Jeff Yan, Co-founder of Hyperliquid, to discuss Hyperliquid’s origins, their decision to build an L1, and the architecture behind Hyperliquid. We also discuss MEV mitigation, builder deployed perps, and balancing vertical integration with ecosystem growth.

Thanks for tuning in!

Resources

Priority Is All You Need: https://www.paradigm.xyz/2024/06/priority-is-all-you-need

The Path to Decentralized Nasdaq: https://www.anza.xyz/blog/the-path-to-decentralized-nasdaq

0xResearch: Hyperliquid’s Unique Approach to a Better Perp DEX: https://youtu.be/cxyUtPoC1-E

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

Follow Hyperliquid: https://x.com/HyperliquidX

Follow Jeff: https://x.com/chameleon_jeff

Follow MonetSupply: https://x.com/MonetSupply

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(3:54) Thoughts on FTX

(6:55) The Origins of Hyperliquid

(11:47) Marinade Ad

(12:01) HyperCore x HyperEVM Architecture

(17:44) Why Build an L1 Instead of an L2?

(22:35) Thoughts on MEV and MCP

(34:55) Marinade Ad

(35:34) Hyperliquid's Edge vs Centralized Exchanges

(39:22) Growing the Hyperliquid Ecosystem

(49:52) Citrea Ad

(50:21) Builder Deployed Perps

(53:24) Thoughts on Vertical Integration

(1:01:00) The Role of Stablecoins in the Hyperliquid Ecosystem

(1:06:16) Outro

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Lightspeed Cross-Post: Can Ethereum Scale The L1? | Weekly Roundup

Fri, 09 May 2025 14:16:00 -0000

Gm! This week we're back with another weekly roundup. We deep dive into Solana;s recent bug fix, Ethereum's big pivot, how to build the most performant L1 & more. Enjoy!

Follow Mert: https://x.com/0xMert_

Follow Jack: https://x.com/whosknave

Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe to the Lightspeed Newsletter: https://blockworks.co/newsletter/lightspeed

Grab your tickets to Permissionless IV. Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Timestamps:

(0:00) Introduction

(1:25) Solana’s Bug Fix

(13:00) Ads (Arkham & Ledger)

(13:37) Ethereum’s Big Pivot

(19:10) Can Ethereum Scale The L1?

(28:40) Ads (Arkham & Ledger)

(29:49) Solana’s DEX Landscape

(41:02) Citrea Ad

(41:31) The Most Performant L1 Will Be The Most Decentralized

Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Jack, and our guests may hold positions in the companies, funds, or projects discussed.

DeFi’s Value Proposition | Robert Leshner & Hasu | S9 E2

Tue, 06 May 2025 08:00:00 -0000

In this episode, we’re joined by Robert Leshner, CEO of Superstate, and Hasu to explore the next phase of DeFi! They discuss the trend of vertical integration in DeFi, the influx of institutional users, and stablecoin designs. Finally, they close out the episode with their thoughts on the true value proposition of DeFi.

Thanks for tuning in!

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

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Timestamps:

(0:00) Introduction

(4:04) New Design Philosophies in DeFi

(15:25) Ledger Ad

(15:43) The Vertical Integration Trend

(22:55) Expanding Protocol Services

(30:40) Ledger Ad

(31:15) Neutrality Challenges With Vertical Integration

(36:10) RWA & Stablecoin Growth Going Forward

(52:00) Citrea Ad

(52:29) New Stablecoin Designs

(56:32) What Assets Will Be Tokenized?

(1:03:19) The Value Proposition of DeFi

(1:13:55) Outro

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

The US Treasury’s Stablecoin Report, TradFi’s Crypto Adoption, and Ethereum’s New Era | Roundup

Fri, 02 May 2025 08:00:00 -0000

In this episode, we discuss the U.S. Treasury’s stablecoin report, San Francisco’s tech resurgence, Ethereum’s strategic repositioning, and the rapid growth of stablecoins. We also cover Ripple’s acquisition strategy, transparency challenges in crypto, Unto Labs, and Vitalik’s proposal to replace the EVM with RISC-V.

Thanks for tuning in!

Resources

US Treasury Presentation Regarding Stablecoins: https://x.com/qthomp/status/1917619129676357692

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:18) Is San Francisco Back?

(5:40) US Treasury's Stablecoin Presentation

(15:46) Ads (Arkham & Ledger)

(16:24) Institutional Adoption of Crypto

(26:33) Ads (Arkham & Ledger)

(27:42) Are Stablecoins & RWAs Bullish For the L1 Tokens?

(39:06) Citrea Ad

(39:36) Crypto's Transparency Issues

(44:33) Ripple Considered an Acquisition of Circle

(46:57) Calls For OpenAI to Buy Snapchat

(49:01) Thoughts on Unto Labs & Vitalik's RISC-V Proposal

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

DeFi’s Next Frontier: Institutional Capital Meets DeFi | monetsupply | S9 E1

Tue, 29 Apr 2025 08:00:00 -0000

In this episode, Bell Curve kicks off its new season with Mippo and monetsupply outlining the major DeFi themes they’ll be exploring. They dive into institutional adoption of DeFi, the increasing vertical integration by leading DeFi players, stablecoins and real-world assets, and the growing financialization of crypto, setting the stage for our best season yet! Thanks for tuning in!

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently entering phase 3 of its mainnet launch — follow along on https://namada.net/

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow MonetSupply: https://x.com/MonetSupply

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timstamps:

(0:00) Introduction

(2:50) What's Exciting About DeFi Today?

(6:46) Fragmentation & Reaggregation in DeFi

(14:03) Ads (Namada & Ledger)

(14:37) Morpho vs Aave's Architecture

(18:44) Counterparty Risks With Modular Designs

(25:09) Vertical Integration in DeFi

(34:35) DeFi Outside of Ethereum's Ecosystem

(45:41) Ads (Namada & Ledger)

(46:51) RWAs and Stablecoins

(1:01:32) Citrea Ad

(1:02:01) The Financialization of DeFi

(1:12:50) How Does Stablecoin Growth Impact the L1?

(1:18:25) The Cold Start Problem

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Zora and the Future of Crypto Media | Weekly Roundup

Fri, 25 Apr 2025 19:28:00 -0000

In this episode, Santi joins us to break down current crypto market sentiment, crypto valuation frameworks, and the evolving challenges of utilizing onchain data. We also debate Zora’s token launch, the future of creator economies, and whether crypto can disrupt traditional media and content platforms.Thanks for tuning in!

Resources

Chopping Block - Is Bitcoin a Safe Haven?: https://open.spotify.com/episode/6n8HWZQ36S5rOoBMi9r6RO?si=viOVZTlGT2uYtBUU8fS-ew

Storm’s Data: https://x.com/notnotstorm/status/1915439259630317995

Vance’s Critique on Crypto Data: https://x.com/pythianism/status/1915435394663162231

Aries Markets is the largest lending protocol on Aptos by TVL, and among the top 10 lending protocols across all blockchains! Since launch, Aries has expanded its product suite to become a fully integrated DeFi hub combining lending, borrowing, and more to its community of 738,000+ unique users.

To learn more about why Aries Markets deployed on Aptos, visit ariesmarkets.xyz

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Traders, AI enthusiasts, and degens—listen up! The game is changing, and DESK is leading the charge. Welcome to the next generation of perpetual trading—where cutting-edge technology meets AI-driven automation.

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

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Subscribe on YouTube: https://bit.ly/3R1D1D9

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(4:35) How Do You Value Crypto Assets?

(15:39) Ads (Aptos & Marinade)

(16:07) Issues With Crypto's Data Analytics

(25:10) Ads (Aptos & Marinade)

(26:21) Stages of Growth For Companies

(34:45) Zora's Token Launch & Business Model

(49:01) Desk Ad

(49:26) Can Crypto Disrupt Traditional Media Platforms?

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

0xResearch Cross-Post: How Ethena is Redefining Digital Finance | Guy Young

Tue, 22 Apr 2025 08:00:00 -0000

In this episode, we’re joined by Guy Young , Founder at Ethena Labs, to discuss the rapid growth of USDe, the design of their new products like USDtb, and the launch of Converge and Ethereal. He shares insights on stablecoin infrastructure, institutional adoption, risk management, and Ethena’s broader vision to bridge DeFi with TradFi.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Resources

Converge Technical Specification & Roadmap: https://x.com/convergeonchain/status/1912853619038461967

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Converge: https://x.com/convergeonchain

Follow Ethereal: https://x.com/etherealdex

Follow Guy: https://x.com/gdog97_

Follow Boccaccio: https://x.com/salveboccaccio

Follow Blockworks Research: https://x.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

Timestamps:

(0:00) Introduction

(1:41) Recent Product Launches

(5:29) Asset Issuance on Converge

(11:15) Ads (Arkham & Ledger)

(11:53) Scaling Ethena

(13:45) Considering New Assets For Staking Yield

(15:58) Dealing With Risk

(18:07) USDtb's Place in the Ethena Ecosystem

(22:21) Ads (Arkham & Ledger)

(23:30) Overview of Ethereal

(26:26) Converge DApps

(30:25) Credit Expansion and Associated Risks

(33:12) Ads (Desk & Morpho)

(34:07) Will Ethereal Harm Relationships With Exchanges?

(36:12) Protocols Hardcoding USDe to 1$

(39:20) USDe's Competition

(41:04) The Biggest Risks to Ethena

(43:08) The Fee Switch

(47:12) Ethena's Focus Going Forward

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

Beyond the Hype: Crypto’s Next Phase | Roundup

Fri, 18 Apr 2025 08:00:00 -0000

In this episode, we’re joined by Santi from Empire! We discuss today’s crypto market conditions, stablecoin proliferation, and how long-term allocators are accumulating Bitcoin. We also touch on crypto’s data and transparency issues, and the valuation of L1s before wrapping with speculation on alien life.

Thanks for tuning in!

Resources

Solana Dashboard: https://app.blockworksresearch.com/analytics/solana?dashboard=sol-overview

App Revenue by Chain: https://x.com/_ryanrconnor/status/1912944523459846580

Life on K2-18b? https://www.bbc.com/news/articles/c39jj9vkr34o

Namada is currently entering phase 3 of its mainnet launch — follow along on https://namada.net/

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Santi: https://x.com/santiagoroel

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:26) Market Outlook

(6:15) How Can Crypto Founders Weather the Storm?

(16:09) Ads (Namada & Marinade)

(16:39) Will A Potential Private Market Bubble Impact Tokenization?

(20:46) Long Term Bitcoin Holders Are Accumulating

(24:13) Getting Exposure to Stablecoin Growth

(34:11) Ads (Namada & Marinade)

(35:25) How Sticky is Stablecoin Issuance For L1s?

(41:07) Why Are L1s Valued the Way They Are?

(46:35) Desk Ad

(47:00) Crypto's Data and Transparency Problem

(1:00:52) Life on K2-18b?

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

0xResearch Cross-Post: Building the Future of Global Payments | Paul & Zaheer

Tue, 15 Apr 2025 08:00:00 -0000

In this episode, we’re joined by Paul Faecks, the Founder of Plasma, and Zaheer of Split Capital, to discuss Plasma, a blockchain focused solely on providing stablecoin infrastructure. We dive into why general-purpose chains aren’t optimized for stablecoin settlement, Plasma’s architecture and how they will mitigate spam, and the broader implications for global payments, regulation, and the stablecoin economy’s future as trillions move onchain.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

To learn more about why Aries Markets deployed on Aptos, visit ariesmarkets.xyz

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Plasma: https://x.com/PlasmaFdn

Follow Paul: https://x.com/pauliepunt

Follow Zaheer: https://x.com/SplitCapital

Follow Boccaccio: https://x.com/salveboccaccio

Follow Blockworks Research: https://x.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

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Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

Timestamps:

(0:00) Introduction

(3:16) Why Build Plasma?

(11:07) The PMF For Stablecoins

(15:32) Aptos Ad

(15:46) Plasma's Architecture

(22:43) HotStuff-Inspired Consensus

(26:10) Aptos Ad

(26:42) Zero Fees and Handling Spam

(34:57) Competing With Tron

(41:05) Ads (Desk & Morpho)

(41:59) Variations of Stablecoins

(46:52) Why Build on Bitcoin?

(48:07) The Stablecoin Space Going Forward

(1:00:45) Closing Comments

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

Crypto is the Last Truly Global Market | Roundup

Fri, 11 Apr 2025 08:00:00 -0000

In this episode, we discuss the market’s reaction to Trump’s tariff pivots, global trade tensions, and where stablecoins fit into all of it. We also explore the potential of crypto as the last truly global market, and why we believe the IPO & TGE window has closed.

Thanks for tuning in!

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(4:30) The Markets Going Forward

(7:49) Separating Main Street From Wall Street

(14:38) Ads (Arkham & Marinade)

(15:12) The Trade Deficit & Stablecoin Demand

(24:23) Global Trust in US Markets & AI 2027

(34:08) Ads (Arkham & Marinade)

(35:21) Open Source Strategy

(41:02) Stablecoin Legislation

(44:11) Ads (Desk & Morpho)

(45:06) The IPO & TGE Window is Closed

(48:26) SPAC City

(53:23) IBC Eureka Goes Live & Ripple Acquires Hidden Road

(1:03:31) Crypto's Fundamental Transition

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

Expansion Cross-Post: Arbitrum’s Future as a Digital Sovereign Nation | AJ Warner

Wed, 09 Apr 2025 18:05:00 -0000

In this week's episode, we’re joined by A.J. Warner, CSO at Offchain Labs, to discuss his bold vision for Arbitrum as a “digital sovereign nation.” We explore key differences between L1s and L2s, Arbitrum’s business model, capital allocation strategies, and how the new OpCo structure will drive governance and operational efficiency. Enjoy!

Resources

Hope for the Future of Arbitrum: https://x.com/ajwarner90/status/1908143389658194094

Arbitrum Forum - OpCo: https://forum.arbitrum.foundation/c/dao-grant-programs/operation-company-opco/63

Namada is currently entering phase 3 of its mainnet launch — follow along on https://namada.net/

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

Morpho is a permissionless lending platform that allows anyone to earn yield and borrow assets on your terms.

Its flexible, trustless infrastructure also empowers developers and businesses to build and tailor their own financial products.

Whether you're an individual, fund, fintech, or institution, Morpho is for you.

Try Morpho today: https://app.morpho.org/?network=mainnet&spdl=99nsk9

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

Follow AJ: https://x.com/ajwarner90

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Timestamps:

(0:00) Introduction

(2:20) Thinking About L1s vs L2s

(10:15) Ads (Namada & Ledger)

(10:49) L2s Ability to Allocate Capital

(20:35) Arbitrum's Business Model

(26:38) Ads (Namada & Ledger)

(27:48) Key Growth Metrics

(33:29) Capital Allocation Concerns & Arbitrum Governance

(48:40) Ads (Desk & Morpho)

(49:34) Arbitrum Stakeholders & DAO Structure

(57:21) Operational Challenges & the Future of Arbitrum

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Stablecoins at Scale: Circle’s IPO, Stablecoin Legislation, and Competing With Banks | Roundup

Fri, 04 Apr 2025 08:00:00 -0000

In this episode, we break down Trump’s proposed tariffs, their impact on global trade, and how markets are responding. We also explore Circle’s IPO filing, stablecoin economics, distribution partner incentives, and whether stablecoins could disrupt traditional banking. The conversation wraps with insights into token launch strategy and timing.

Thanks for tuning in!

Resources

Warp Speed w/ Hamilton Lane’s Erik Hirsch: https://open.spotify.com/episode/0SXehDDyqPahTiECa81A3a?si=Zz3A7l5fTAi-CvGYPJkqnw&context=spotify%3Ashow%3A5mWMlenq9TcEZlgXey2qKY