Bell Curve

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

—

Follow Matt: ⁠⁠https://x.com/Matt_Hougan⁠⁠

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

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

Follow Marc: ⁠⁠https://x.com/marcarjoon⁠⁠

Follow Inflection Point: ⁠⁠https://x.com/BWInflection⁠⁠ 

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

—

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

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/

—

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

–

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

—-

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

—--

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.

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!

—

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

–

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

—--

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.

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

—

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

–

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

—--

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.

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

—--

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.

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!

—

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

–

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.

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!

—

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

–

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.

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!

—

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

–

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

—--

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.

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.

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.