Matt and Dr Nick return from the holiday break to survey a rapidly fragmenting world order, and what it means for crypto's next phase. From UK surveillance state predictions coming true to Trump's sledgehammer approach to international norms, the hosts explore how radical geopolitical uncertainty is reshaping markets and creating fertile ground for the next crypto narrative: AI agents. They dissect different flavours of anarchy (from ANCAP citadels to hippie communes), debate why crypto desperately needs a new hype wave beyond trading infrastructure, and explain why 2026 might be the highest leverage year yet for positioning in the emerging agent economy.