The Block's Head of Growth, Tim Copeland, and co-host Kelvin Sparks were joined by CoinFund’s Kavan Canekeratne.

In this episode, Tim, Kelvin and Kavan discuss the evolving U.S. regulatory stance on crypto, including the SEC’s Project Crypto and rulings on liquid staking. He explains the rise of perpetuals, tokenized assets, stablecoins, and the competitive dynamics of exchanges, while highlighting risks around leverage, meme coins, and treasury companies. The discussion closes with Ethereum vs. Solana, Bitcoin DeFi, and the growing overlap between crypto and gambling.

OUTLINE

00:00 - Introduction

00:42 - Crypto in 401Ks and U.S. regulatory shifts

03:42 - Roman Storm trial 

04:47 - Explosion of perpetuals trading

06:18 - Exchange competition

07:38 - Tokenized stocks and global adoption

11:12 - Risks of leverage and stablecoin clarity

16:30 - Tokenized RWAs 

17:32 - Ethereum’s resurgence vs. Solana’s momentum

22:37 - Rollups, UX improvements, and scaling Ethereum

24:48 - Meme coins, NFTs, and evolving adoption cycles

30:32 - Bitcoin DeFi & treasury companies

40:08 - Closing remarks

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The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠theblock.co/newsletters⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Guest links:

Kavan Canekeratne - ⁠https://x.com/kavancane

Coinfund -⁠ https://x.com/coinfund_io

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