Fundstrat's Tom Lee took the Consensus mainstage in Miami to make a bold call: crypto winter is over and the bull market is just getting started. Lee laid out his case for why agentic AI and tokenization will make crypto-native companies more profitable than traditional banks, argued Ethereum is deeply undervalued at current prices, and explained why BitMine, which now holds over 4% of all Ethereum supply and generates over $1 million a day in cash flow, is positioned to be one of the biggest beneficiaries of the next cycle.

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Timecodes:

00:00 - Tom Lee at Consensus Miami 2026

00:37 - Crypto Winter Is Over and the Bull Market Is Starting

02:56 - Ethereum as a Portfolio Diversifier and Long-Term Hedge

06:14 - Tokenization and Agentic AI as Drivers of the Next Bull Market

10:17 - How Crypto-Native Companies Will Replace Traditional Banks

11:28 - BitMine's Strategic Positioning and Investment in Eightco and MrBeast

16:55 - BitMine's Digital Asset Treasury Strategy

MicroStrategy founder Michael Saylor took the Consensus mainstage to unveil what he calls the killer app for Bitcoin: digital credit. Saylor explained how his company's STRC instrument, now the biggest and most liquid preferred stock in the world after just eight months, strips yield from Bitcoin's volatility to create an 11.5% tax-deferred return with near-zero volatility. He argued that digital credit is the missing bridge between Bitcoin and crypto, TradFi and DeFi, and that it opens the door to a new generation of yield coins that could transform the $350 billion stablecoin market and beyond.

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Timecodes:

00:00 - Michael Saylor at Consensus Miami 2026

01:28 - How Digital Credit Works

04:47 - Bitcoin vs MSTR vs STRC Performance

07:27 - STRC Becomes The World's Biggest Preferred Stock

12:55 - The Bridge To Digital Money And Yield

18:27 - The DeFi Opportunity For Builders

19:46 - How Yield Coins Are Replacing Stablecoins

22:34 - Building The Future Of Digital Credit

SpaceX debuted today after a $75B IPO raise, closing with a $2.11 trillion market cap, and Anthropic is searching for 1 GW to host its own GPU clusters.

Welcome back to The Blockspace Podcast! SpaceX’s historic IPO came and went today, marking a day of firsts that saw the company close the largest IPO ever at a $2 trillion valuation, making its founder Elon Musk the world’s first trillionaire. Nakamoto’s Brandon Bailey joins us to discuss the IPO and the current state of the AI stock market and bitcoin, plus his project Dimetrics, a Bloomberg-esque terminal for the data center space. In other big news, Anthropic has reportedly entered into 12 letters of intent to rent 1 GW+ of data center space for its first-ever self-owned GPU clusters. 

Check out our latest report, “What’s a Megawatt Worth?” where we quantify the trillion dollar opportunity for bitcoin miners venturing into the AI sector. 

Subscribe to our newsletter to receive updates for all of our shows and content.

👉CleanSpark (Nasdaq: CLSK), a market-leading data center developer with a proven track record of success.

👉Luxor, Blockspace's preferred mining pool. Start hashing today with Luxor!

👉Lygos Finance, Borrow against your Bitcoin, without compromising on custody.

SpaceX's record-breaking IPO.

SpaceX raised $75 billion in the largest IPO in history and began trading on Nasdaq today. The company holds 18,712 bitcoin worth roughly $1.2 billion, giving SPCX investors indirect BTC exposure. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti unpack the CFTC's 267-page proposed rule-making around prediction markets and event contracts, plus the letter from crypto CEOs backing the BRCA. And, a debate between John Lothian and Udesh Jha, Head of Exchange Analytics at Kalshi, over whether crypto perpetuals are properly classified as futures or swaps.

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Read more from Ari Redbord about the mixer indictment under 1956: https://www.linkedin.com/posts/ari-redbord_in-the-midst-of-debate-around-clarity-activity-7470924721635794944-8yUy?utm_source=share&utm_medium=member_ios&rcm=ACoAADHl20UBUd56sB8eTJ0w5gv3WIBQo2eJ6f0

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Timecodes:

00:00 Welcome to The Policy Protocol

01:10 CFTC's 267-Page Prediction Markets Rule

03:10 60+ CEOs Back the BRCA

05:30 The Perpetuals Debate

07:43 John Lothian's Case: Do Perpetuals Look Like Swaps?

09:45 Kalshi's Udesh Jha on Funding Rates and Cost of Carry

12:43 Would Swap Status Shut Out Retail?

16:45 Is Kalshi Making the Rules Up?

19:25 John's Closing: Market Manipulation Concerns

20:46 Udesh's Closing: 'Regulation First'

23:29 Person of the Week: State Regulators

23:38 Illinois' Digital Asset Trading Tax

24:20 NY DFS Aligns With Genius

The bug that tanked ZEC with Josh Swihart.

On today's Markets Outlook, ZODL CEO Josh Swihart joins CoinDesk's Jennifer Sanasie to break down the Zcash vulnerability discovered with the help of AI, including how it was found, fixed, and what it means for the protocol's future. Plus, he weighs in on privacy coins vs. government pushback, formal verification as the new security standard, and why Zcash is more battle-hardened than ever.

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Timecodes:

00:00 - Zcash Bug Found by AI After Four Years

03:26 - What Went Through Josh’s Mind When He Found Out

04:47 - Could the Bug Have Been Exploited?

05:47 - How the Bug Helps the Zcash Ecosystem

07:27 - Zcash vs. Other Privacy Protocols

09:54 - Will Governments Push Back on Privacy Coins?

11:45 - Formal Verification and Finding Future Vulnerabilities

14:08 - What Other Protocols Can Learn from This

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/zn3D_adn6nI

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Register now for CoinDesk’s Policy and Regulation event on September 24, 2026: ⁠https://policy-regulation.coindesk.com/⁠.

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This episode was hosted by Jennifer Sanasie.

Saylor and Mallers' debate at BTC Prague.

Strategy executive chairman Michael Saylor and Twenty One Capital CEO Jack Mallers debated Strategy's capital structure at BTC Prague. Mallers challenged Saylor on dilution and how out-of-the-money convertible debt factors into mNAV calculations. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

SpaceX’s IPO is three times oversubscribed at $250 billion, and Hut 8 has closed a $4.25 billion, BBB-rated note for its Beacon Point AI data center.

Welcome back to The Blockspace Podcast! Reuters has reported that SpaceX’s IPO round could come in at $250 billion, a 3x oversubscription from the company’s planned $75 billion. Plus, Cormint CEO Jamie McAvity joins us to give an optimistic outlook on bitcoin mining with hashrate stagnant – even as hashprice flirts with all-time lows. For other news, we cover Keel’s $458 million convertible note; Hut 8’s $4.25 billion senior secured note for its Beacon Point data center, the second investment-grade bond for project-level financing for the burgeoning AI firm; Crusoe hitting pause on a proposed 10 GW data center in Wyoming; and OpenAI’s plans for its own 10 GW, $500 billion project in Ohio.

Check out our latest report, “What’s a Megawatt Worth?” where we quantify the trillion dollar opportunity for bitcoin miners venturing into the AI sector. 

Subscribe to our newsletter to receive updates for all of our shows and content.

👉CleanSpark (Nasdaq: CLSK), a market-leading data center developer with a proven track record of success.

👉Luxor, Blockspace's preferred mining pool. Start hashing today with Luxor!

👉Lygos Finance, Borrow against your Bitcoin, without compromising on custody.

A Yen stablecoin from the mega banks?

Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly issue a yen-backed stablecoin by March 2027, with backing from Japan's Financial Services Agency. Yen tokens currently represent less than $50 million in a $311 billion market dominated by dollar tokens. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Real estate mogul Grant Cardone made his Consensus mainstage debut to explain the unconventional investment strategy he's been building for the past 17 months: fusing Bitcoin directly into large-scale real estate deals to outcompete traditional REITs. Cardone, who first received Bitcoin as payment for a speaking gig and still holds those 115 coins today, argues the hybrid model can deliver 22–32% returns by combining the stability of cash-flowing properties with the upside of Bitcoin. He also shared why he believes this structure could disrupt the entire $4 trillion REIT industry.

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Timecodes:

00:00 - Grant Cardone at Consensus Miami 2026

00:40 - How Grant First Discovered Bitcoin

02:02 - Real Estate Bitcoin Hybrid Strategy

05:45 - Why Real Estate Beats Other Asset Classes

08:03 - Disrupting The REIT Industry

14:22 - Going Public And Bypassing The Banks

16:57 - Final Advice: Get Fiat, Build Wealth