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Arthur Hayes breaks down his macro framework for Bitcoin in this conversation with David Sencil at Bitcoin 2026 in Las Vegas.
Key topics:
- Why Bitcoin tracks global fiat liquidity
- Why this isn’t a true bull run yet
- The $145K level that matters
- AI as a potential credit shock
- How money printing and bank credit drive marketsHayes argues that Bitcoin’s price is ultimately tied to the expansion of fiat in the global system, not institutional narratives or short-term sentiment.
Chapters:
00:00 The Future of Crypto and Retail Involvement
03:02 Oil Markets and Economic Implications
05:52 Bitcoin's Performance and Economic Indicators
09:11 AI's Impact on the Economy
11:59 Liquidity and Monetary Policy
15:06 The Role of Stablecoins in Global Finance
18:00 The State of DeFi and Security Concerns
20:55 Market Sentiment and Future Predictions
Arthur Hayes IG - https://www.instagram.com/cryptohayes/LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/Substack - https://cryptohayes.substack.com/Web: https://www.cryptohayes.comX - https://x.com/cryptohayesMaelstrom Fund LinkedIn: https://www.linkedin.com/company/maelstromfundWeb - https://www.maelstrom.fundX - https://x.com/maelstromfund
👉 Follow for macro-driven Bitcoin insights and real market analysis—no noise, just signal.
Ashley Ebersole spent his early SEC years on the distributed ledger working group. He has a vantage on the agency's crypto enforcement era that very few industry voices have.
At Paris Blockchain Week 2026, he sits with David Sencil to walk through the embodiment theory courts later rejected, the asymmetric settlement pressure that forced startups to fold, and what tx is now building: the first FINRA-approved stock-token platform in the U.S.
We cover:
- The SEC's enforcement-first era and what it cost
- The unlimited-budget settlement asymmetry
- The embodiment theory and other rejected novel theories
- What tx is building with FINRA-approved stock tokens
- Why Gen Z is skipping traditional brokerage accounts
Chapters:
00:24 - Bitcoin.com Live News Desk at Paris Blockchain Week
01:28 - Background of Ashley Ebersole
02:11 - SEC and New Technologies
03:16 - Awareness of Bitcoin and Crypto
04:06 - Experience at the SEC
05:04 - Changes in SEC Leadership
06:14 - Regulatory Challenges and Theories
07:07 - Enforcement First Approach
08:05 - Legal Theories and Court Rejections
10:11 - Government Influence on Settlements
12:06 - Bias Against Crypto
14:02 - Legal Challenges and Court Decisions
16:08 - Misunderstandings About Tokenization
18:03 - Generational Differences in Financial Products
20:25 - Predictions for On-Chain Real-World Assets
21:42 - Understanding Tokenization 24:19 - TX and Tokenization Platform
27:06 - Questions About Tokenized Stocks
29:59 - Regulatory Approaches and Tokenization
33:23 - Jurisdictional Differences in Tokenization
36:30 - Future Discussions and Closing Remarks
Follow for more conversations on crypto, markets, and the future of finance.
Arthur Firstov, Chief Business Officer at Mercuryo, joined Alex Richardson at Paris Blockchain Week 2026 to challenge the dominant DeFi narrative.
The future isn't DeFi platforms beating banks — it's DeFi primitives living as backend infrastructure inside Revolut, neobanks, and traditional banks with polished UX and millions of users. Plus crypto cards as the consumer gateway, the 2026 fintech-pivot M&A wave, and Mercuryo's Mastercard crypto credentials product.
We cover:
- DeFi's actual adoption path: white-label inside banks
- Crypto cards as the mainstream stablecoin gateway
- The fintech-pivot driving crypto M&A in 2026
- Mercuryo + Mastercard's crypto credentials product
- What MiCA actually changed for an early-stage compliant firm👇
Chapters:
00:11 - Welcome and Introduction of Arthur Firstov
01:01 - Overview of Mercurio
01:29 - The Role of Stablecoins
03:06 - Stablecoin Payments in Consumer Platforms
05:12 - The Future of Crypto Cards
06:25 - Peer-to-Peer Payments and Agents
09:26 - Changes in DeFi and UX
11:41 - Impact of Micah Regulation
15:34 - Expansion to the US and Regulatory Challenges
18:05 - Trends in Payments and FinTech
23:21 - Future Trends in FinTech and AI
Drop your take in the comments — are banks winning, or just adapting?
📢 Follow for more crypto insights, interviews, and updates.
Michael Amar founded Paris Blockchain Week in 2019 because U.S. and Asian investors told him Paris had no crypto ecosystem. This year, 250 banks showed up.
At PBW 2026, he sits with David Sencil to put real numbers behind the institutional adoption story, explain why MiCA enforcement is filtering who can attend European events, and predict where the next year's crypto M&A will land.
We cover:
- The 15-to-250 banks curve, year over year
- PBW's "Paris is good for food and vacation, but for crypto, no" origin
- MiCA enforcement filtering European events in real time
- Why next year is the crypto M&A year
- France's strengths and gaps for crypto founders
Chapters:
00:17 - Welcome to Bitcoin.com News Live Desk
00:36 - Michael Amar's Background
01:14 - Early Involvement in Digital Assets
02:23 - Launching Paris Blockchain Week
03:21 - Success and Challenges of the Conference
04:18 - Institutional Adoption and Growth
05:01 - Institutional Presence at the Conference
06:18 - European Regulations and Compliance
07:32 - Market Share and Competition
08:46 - Future of Crypto in Paris and Europe
09:33 - France's Role in Web3 and Crypto
10:34 - French Regulations and Innovations
11:11 - International Perspective on French Ecosystem
12:20 - Venue and Logistics of the Conference
13:34 - VIP Dinner at Versailles
14:48 - Planning and Execution of the Conference
15:42 - Importance of Quality and Logistics
16:57 - Support for French Entrepreneurs
19:38 - Safety and Perception Issues
21:43 - Key Elements for a Successful Conference
23:00 - Networking and Business Opportunities
24:11 - The Importance of Real-Life Engagements
📌 Follow Bitcoin.com for more Web3 insights, interviews, and breaking crypto news.
Robby Yung runs Animoca Brands' investment business — 650 portfolio companies across Web3. At Paris Blockchain Week 2026, he sits with Alex Richardson to argue blockchain's real product-market fit was always agentic commerce, not human consumer apps. Plus the iTunes "false promise" of digital ownership, why 6 billion gamers are the natural mass-adoption vector, and how RWAs bridge the physical and AI-managed worlds.
We cover:
- Why crypto's real customer was always AI agents
- Digital property rights and the iTunes false promise
- Gaming as the mass-adoption vector
- What the metaverse actually is
- RWAs as the AI-physical bridge
Chapters:
00:16 - Welcome to Paris Blockchain Week
01:12 - Overview of Animoca Brands
02:13 - Agentic Commerce and Blockchain
03:41 - Consumer User Interface
04:27 - Digital Property Rights Explained
06:12 - Ownership in the Digital Age
07:40 - Gaming and Blockchain Adoption
09:28 - The Metaverse and AI
12:00 - Optimism and Concerns about AI
13:00 - NFTs and Their Future
15:05 - Tokenization and Digital Twins
16:05 - The French Web3 Ecosystem
17:54 - Europe's Role in Crypto
19:15 - Future Trends in AI and Blockchain
Follow Bitcoin.com for more crypto interviews, insights, and market updates.
Georg Harer was a financial lawyer for 10 years before joining Bybit. Now Co-CEO of Bybit EU, he sits with David Sencil at Paris Blockchain Week 2026 to walk through the post-MiCA European crypto landscape — including the regulatory gap MiCA hasn't closed (crypto loans), the three-license stack platforms need to operate, and his pitch to regulators for a consolidated license that would save firms millions.
We cover:
- Crypto loans regulatory blind spot
- The MiCA + e-money + MiFID three-license operator math
- Why Bybit EU started with retail before institutional
- Tokenized stocks at 2am at the club
- Euro stablecoin liquidity vs USDC dominance
Chapters:
00:42 - Bybit's Growth and History
01:11 - George's Background and Transition to Bybit
02:21 - Bitcoin Loans and Regulation in Europe
03:11 - Crypto Loan Regulation Discussion
04:03 - George's Introduction to Bitcoin
05:35 - Bybit's Focus on Europe
07:28 - Trust and Regulation in European Crypto Market
09:00 - Bybit's Customer Base and Licensing
10:30 - Institutional Focus at Paris Blockchain Week
11:15 - Average Bybit User in Europe
12:28 - Bybit's Licensing and Regulatory Challenges
14:11 - Future of European Financial Regulation
17:31 - Euro-Denominated Stablecoins
19:24 - Concerns About Dollar-Denominated Stablecoins
21:35 - Reporting Requirements for Stablecoins
22:22 - Excitement About Tokenized Stocks
23:47 - Bybit's Future Products and Success Metrics
Follow Bitcoin.com for more crypto interviews, insights, and market updates.
Frederik Gregaard, CEO of the Cardano Foundation, sits down with David Sencil at Paris Blockchain Week 2026 for a wide-ranging conversation that starts with one big idea: using Satoshis as a gas fee natively on Cardano — so Bitcoin holders get programmable DeFi without leaving BTC.
From there it goes deep — quantum resilience, AI agent identity at BMW and Lufthansa, the $400 trillion TradFi identity standard now anchored on chain, Grant Thornton auditing the Foundation's books on Cardano (Bitcoin holdings included), and why Abu Dhabi is the only regulator green-lighting cryptographic privacy.
We cover:
- Satoshis as gas: programmable DeFi on Bitcoin via Cardano
- Quantum, Q-day, and why UTXO-based chains score high
- AI agent identity at BMW, Lufthansa, and 400+ enterprise clients via SocoSumi
- Legal Entity Identifiers: the $400T TradFi standard now anchored on chain
- Hannover Re reinsurance — $100M minimum → $50K on the London Stock Exchange
- Grant Thornton's on-chain architecture audit of the Cardano Foundation's books
- Midnight, BLS signatures, GDPR-compliant on-chain finance, and the ADGM exception
Recorded at Paris Blockchain Week 2026.
Host: David Sencil
"Absolutely not multi-decade."
That's AMINA Bank CPO Myles Harrison's window for stablecoin payments going mainstream — if the US and UK get their legislation over the line.
Myles joins Alex Richardson at Paris Blockchain Week 2026 to unpack what AMINA — the Swiss–Austrian–Hong Kong crypto bank behind the BIS's Project Agora — is actually building: corporate payroll in stablecoins, 24/7 settlement, and the regulatory groundwork that finally lets product teams ship.
We cover:
- Why Myles gives stablecoin payments 12 months, not 12 years
- How MiCA and the CASP license changed what product teams can actually build
- Gig-economy payroll, supplier payments, and the death of the $50 wire fee
- Running AMINA 24/7 through the tariff weekend — with no downtime
- Inside Project Agora: interop and legal finality as the two real walls- Why "bear market is for building" — and what TradFi is quietly shipping this cycle
Host: Alex Richardson Recorded at Paris Blockchain Week 2026.
Morgan Stanley's spot Bitcoin ETF traded a million shares by day four — at 14 basis points. Not bad for a firm that spent years on the sidelines of the ETF race.
Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, joins David Sencil at Paris Blockchain Week 2026 to walk through how the bank is approaching digital assets — across product, infrastructure, and regulation — and why she says there's more coming behind this launch.
We cover:
Host: David Sencil
Recorded at Paris Blockchain Week 2026.
In 2017, a Bitcoin-maxi friend tried to convert Erald Ghoos. He didn't buy it — he'd spent his career building bank startups across Europe and was, in his own words, on "the dark side." Today he runs OKX Europe and says 80% of crypto exchanges on the continent won't survive what's coming.
David Sencil sits down with Erald at Paris Blockchain Week 2026 to dig into the regulatory pressure cooker reshaping European crypto — MiCA, PI, MiFID, GDPR, DORA — and why struggling rivals are already approaching OKX asking to be acquired. They cover OKX's decision to anchor three financial licenses in Malta, the new X-Perps product designed to bridge onshore compliance with offshore-level liquidity, and the unified spot-and-derivatives account that doesn't exist anywhere else in Europe.
We cover:
- The personal arc: from skeptical banker to OKX Europe CEO
- Why 80% of European crypto exchanges won't survive MiCA + PI + MiFID + GDPR + DORA
- Why rivals are openly asking OKX to acquire them
- The case for stacking three financial licenses in Malta
- X-Perps: bridging onshore compliance with offshore-level liquidity
- Europe's only unified spot-and-derivatives account
- Merz at Davos and the deregulation signal
- Tokenized stocks and 24/7 global market access
Filmed at Paris Blockchain Week 2026.
Host: David Sencil
Bitcoin.com News X: https://x.com/BitcoinNews
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