Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Nashville Conference Recap

02:23 - Multi-Institution Custody Insights

08:24 - Investment Announcements and Stables Initiative

12:11 - Bitcoin Treasury Company Acquisitions

29:15 - Global Banking Trends and Digital Identity

31:45 - Geopolitical Tensions and Currency Control

34:46 - The Rise of Stablecoins and Global Pushback

39:22 - The Shift Towards Hard Assets

43:53 - The Role of Gold and Bitcoin in Wealth Preservation

46:16 - AI's Impact on Business and Investment Strategies

50:43 - The Future of Bitcoin and Financial Institutions

55:30 - BitGo IPO and the Future of Digital Asset Custody

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Links discussed: 

https://bitcoinmagazine.com/business/early-riders-texas-accelerator-bitcoin

https://www.sec.gov/Archives/edgar/data/1740604/000162828025042203/bitgoholdingsincforms-1.htm

https://finance.yahoo.com/news/bank-england-plan-cap-stablecoin-064322101.html

https://x.com/matthew_sigel/status/1970096786455908723

https://www.globenewswire.com/news-release/2025/09/22/3153902/0/en/Strive-Inc-Nasdaq-ASST-and-Semler-Scientific-Inc-Nasdaq-SMLR-Announce-Bitcoin-Treasury-Merger-in-All-Stock-Transaction.html

https://longbridge.com/en/news/257647299

https://finance.yahoo.com/news/ray-dalio-says-invest-gold-132955153.html

https://x.com/StealthQE4/status/1968427249998123351

https://www.reuters.com/markets/wealth/morgan-stanley-cio-favors-602020-portfolio-strategy-with-gold-inflation-hedge-2025-09-16/?taid=68cab20669ce140001afff90

https://vietnamnews.vn/economy/1721534/more-than-86-million-bank-accounts-to-be-terminated-from-september-1.html

https://x.com/MacroScope17/status/1969767479309111536

https://www.theblock.co/post/371567/b-hodl-uk-bitcoin-treasury-strategy

https://www.theblock.co/post/371021/quarter-of-public-bitcoin-treasury-companies-trade-below-btc-holdings

https://x.com/JulianKlymochko/status/1967985624922910765

https://quasa.io/media/elon-musk-at-all-in-summit-key-takeaways-from-a-44-minute-vision-of-the-future

Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Learn more about The Stables --- https://www.earlyriders.com/stables

Read the Manifesto --- https://bitcoin.docsend.com/view/pihqiuztjcy5ji3y

Learn How to Get Involved --- https://form.typeform.com/to/a2BIIljt

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction to The Last Trade Podcast

03:45 - Launching EarlyRiders and Stables

07:14 - Building a Base Camp for Entrepreneurs

10:14 - Insights from Silicon Valley and Community Building

13:15 - Navigating the Bitcoin Landscape

16:15 - The Importance of Foundational Business Principles

19:07 - Identifying Viable Business Opportunities

22:08 - Commercializing Bitcoin Ideas

25:07 - The Role of Constraints in Business Success

30:36 - The Future of Private Equity and Bitcoin

32:49 - Commercial Viability of Bitcoin Innovations

35:49 - Navigating the E-Cash Landscape

39:55 - The Role of Bitcoin in Traditional Finance

44:00 - Exploring Bitcoin as a Store of Value

46:52 - The Intersection of Bitcoin and AI

51:14 - Building the Future of Bitcoin Investments

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Market Movements and Upcoming Events

02:11 - Banking Crisis in Thailand

09:59 - Youth Revolt in Nepal

18:23 - Bitcoin's Role in Financial Portfolios

23:09 - Gemini's Public Offering and Market Trends

28:06 - Exploring Solana's Blockchain Advantages

33:07 - The Future of Bitcoin Dividends

35:25 - Hyper Liquid and the Evolution of Stablecoins

37:42 - Vercel and the Future of Micro Payments

43:51 - The Rise of Bitcoin in Everyday Transactions

49:28 - Navigating the Fragile Economy

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Links discussed: 

https://www.cnbc.com/2025/09/09/nasdaq-to-invest-50-million-in-winklevoss-founded-crypto-exchange-gemini.html

https://www.cnbc.com/2025/09/12/gemini-the-winklevoss-crypto-exchange-pops-in-nasdaq-debut.html

https://hbr.org/2025/09/does-bitcoin-belong-on-your-balance-sheet

https://vercel.com/blog/introducing-x402-mcp-open-protocol-payments-for-mcp-tools

https://www.thaiexaminer.com/thai-news-foreigners/2025/09/14/banking-crisis-as-security-overreach-limits-large-numbers-of-personal-and-small-business-bank-accounts/

https://www.indiatoday.in/technology/news/story/bitchat-surges-in-nepal-as-gen-z-protesters-pick-pm-on-discord-whatis-bitchat-and-how-it-is-used-2787021-2025-09-14

https://www.theblock.co/post/370570/native-markets-team-wins-hyperliquid-usdh-stablecoin-bid-eyes-test-phase-within-days

https://finance.yahoo.com/news/superstate-issue-fresh-galaxy-digital-110007162.html

https://www.tradingview.com/news/cointelegraph:b7f86629f094b:0-investment-giant-capital-group-s-1b-bet-on-bitcoin-treasuries-balloons-to-6b/

https://www.wsj.com/opinion/americas-buy-now-pay-later-economy-3dae0902

Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Connect with Onramp — https://onrampbitcoin.com/contact-us/

Connect with Acropolis — https://www.acropolistreasury.com/book

Connect with Early Riders — https://www.earlyriders.com/contactPresented by Onramp Media in collaboration with Acropolis & Early Riders...

Bitcoin for Businesses is a bi-weekly podcast for operators.

We turn headlines into a playbook, covering custody architecture, board approvals, accounting, financing, and real-world implementation.00:00 – Welcome to Bitcoin for Businesses

02:12 – MIC: the corporate custody unlock

06:42 – Ledn pivots to bitcoin-only lending

10:59 – Bitcoin-only vs multi-asset UX

12:47 – Public treasuries + fair-value accounting catalyst

20:39 – The “yield” mirage: save, don’t reach

25:16 – Macro: inflation squeeze, bankruptcies, rate cuts & MMFs

32:05 – Offense & defense: pricing power, network effects

39:49 – BTC-backed credit lines for working capital

43:52 – Stablecoins as on-ramps; finality vs chargebacks

51:58 – Real-world payments: Namecheap $2M via BTCPay

57:25 – Closing takeaways & CTA

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Market Overview

02:57 - Stripe's Stablecoin Chain and Industry Reactions

05:57 - David Marcus' Perspective on Centralized Control

09:00 - Decentralization vs. Centralization in Crypto

12:03 - The Future of Payments and Corporate Influence

14:57 - World Liberty Financial and the Illusion of Decentralization

17:32 - Hyperliquid: A New Player in the Market

32:47 - The Rise of Prediction Markets and Decentralization

37:06 - Sovereign Accumulation of Bitcoin

43:48 - India's Unexpected Crypto Adoption

47:00 - Tether's Investment in Gold and Bitcoin

55:51 - The Future of Money: Gold vs. Bitcoin

01:01:04 - AI and the Future of Labor

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Links discussed: 

https://x.com/zoomerfied/status/1965022977986122116

https://x.com/paoloardoino/status/1963970499530399774

https://x.com/GwartyGwart/status/1963335764508643696

https://www.theblock.co/post/369420/india-leads-global-crypto-adoption-chainalysis?utm_source=telegram1&utm_medium=social

https://finance.yahoo.com/news/inside-look-uae-700-million-193253131.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJmztmDB6EOB8AvPo5_wrG1BFxxX3rm6-VJqiTd-PWIKlUhRCtUZJTd-YnxvQlQCaCpNqkY2jJYrLZhldgKLu9K2WImqlqrkqZL2z43487rBeJXoZJ_wgVDrVRa-CUFz_khNFnjofFGupKVvMEoIMn_8tMgll6FrpraD8DzUsQph

https://x.com/notgrubles/status/1963680872512790585

https://x.com/ccatalini/status/1964027763616358450

https://x.com/davidmarcus/status/1964055754648014852

https://x.com/brian_armstrong/status/1963375254526709879

Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Market Overview

01:52 - Blockchain and Government Data Confusion

05:52 - The Rise of Prediction Markets

10:01 - Trump Media and Digital Assets

13:23 - Fed Policy and the Dollar's Reserve Status

19:36 - The Shift Towards Hard Assets

25:17 - The Future of Investment Strategies

32:14 - Career Risk and Market Dynamics

34:45 - The Mortgage Crisis and Real Estate Liquidity

36:15 - The Rise of ETFs and Financialization

39:41 - The Challenge of Outperforming Benchmarks

42:40 - The Importance of Small Allocations in Crypto

46:01 - The Role of Incentives in Financial Products

48:43 - CFTC's New Advisory on Offshore Exchanges

54:38 - Institutional Investors and the Crypto Dilemma

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Links discussed: 

https://archive.ph/XFfSe

https://www.theblock.co/post/368295/trump-media-crypto-com-cro-token-treasury-funding

https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launchEktBp6GuTDvqhf3MZXIVFYfFFqAJd0Ov4pUL42sn7RDX-1hGRmECPS8DlqSLw%3D%3D

https://x.com/KobeissiLetter/status/1962235795622035767

https://x.com/elerianm/status/1962275798619914297

https://x.com/KobeissiLetter/status/1962532572015001630

https://www.nbcnews.com/politics/white-house/trump-removing-federal-reserve-governor-lisa-cook-rcna227138

https://www.bloomberg.com/news/articles/2025-08-25/us-etfs-eclipse-total-number-of-stocks-in-paradox-of-choice-for-investors?utm_source=substack&utm_medium=email

https://x.com/LukeGromen/status/1958522779331961319

https://cryptobriefing.com/offshore-crypto-trading-cftc-guidance/

https://x.com/LukeGromen/status/1959631878547259400

https://stanfordreview.org/uchicago-lost-money-on-crypto-then-froze-research-when-federal-funding-was-cut/

Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Government Intervention in Private Sector

12:47 - Private Equity Liquidity Crisis

20:52 - Bitcoin Lightning and Traditional Finance

29:33 - The Rise of Altcoins and Market Dynamics

34:26 - The Risks of the Current Crypto Market

38:10 - Shifting Focus: Inflation and Labor Markets

42:10 - Global Adoption of Bitcoin as a Reserve Asset

44:07 - Innovations in Stablecoins and CBDCs

48:11 - The Future of Bitcoin Custody

01:00:01 - Custody Risks and Corporate Bitcoin Treasuries

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Links discussed: 

https://www.reuters.com/business/media-telecom/us-examines-equity-stake-chip-makers-chips-act-cash-grants-sources-say-2025-08-20

https://truthsocial.com/@realDonaldTrump/posts/115074444617901812

https://docs.congress.hrep.online/legisdocs/basic_20/HB00421.pdf

https://bitcoin.docsend.com/view/5d9i69p3b78w7wqn

https://blockchaintechnology-news.com/news/sofi-becomes-first-us-bank-to-use-bitcoin-lightning-for-remittances

https://x.com/SpencerHakimian/status/1958906585948069890

https://x.com/KobeissiLetter/status/1959279096292053363

https://x.com/MacroScope17/status/1959628044580073818

https://x.com/AyyouEm/status/1958879078410592741

https://x.com/BoringBiz_/status/1959688259015180728

https://www.linkedin.com/feed/update/urn:li:activity:7363548191142658049/

https://www.coindesk.com/markets/2025/08/21/corporate-bitcoin-treasuries-could-raise-credit-risks-morningstar-dbrs-says

https://x.com/strack_ben/status/1958525507655335937

https://www.theblock.co/post/367914/bitcoin-og-sell-bitcoin-buy-ether

Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/Presented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.00:00 - Introduction and Market Overview

05:27 - Trends of Digital Asset Company IPOs

09:57 - Mining Hardware Innovations

15:32 - AI and Bitcoin Mining Synergies

18:13 - Challenges Facing Crypto Exchanges

26:02 - Long-Term Perspectives on Bitcoin Investment

32:54 - Timeless Wisdom from Value Investing

37:47 - Competitive Forces in Bitcoin vs. Altcoins

41:39 - Value and Quality Assets

44:25 - Institutional Adoption of Bitcoin

48:10 - Custody and Risk Management in Bitcoin Investment

50:46 - Monetary Policy and Bitcoin's Role

52:46 - Regulatory Challenges Facing Bitcoin

56:51 - The Future of AI and Bitcoin MiningIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/researchLinks discussed:

https://www.sec.gov/Archives/edgar/data/1872195/000110465925069070/tm2421409-15_f1.htm

https://proto.xyz/blog/posts/proto-rig-and-proto-fleet-a-paradigm-shift

https://x.com/Tradermayne/status/1956543965064548592

https://www.ledgerinsights.com/bis-proposes-grading-wallets-for-permissionless-blockchain-aml/

https://blog.bitmex.com/treasury-company-advisory-agreements/

https://finance.yahoo.com/news/ai-arms-race-heats-startups-230146272.html

https://x.com/MartyBent/status/1957108340137627648

https://x.com/LukeGromen/status/1957093601818694000Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Connect with Early Riders --- https://www.earlyriders.com/contact

Connect with Onramp --- https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Market Overview

02:44 - Harvard's Endowment and Bitcoin Investment

05:51 - The Sound Money Narrative: Bitcoin and Gold

08:50 - Institutional Adoption and Career Risk

11:33 - The Future of Asset Allocation

14:43 - Tether and Reserve Assets

17:57 - Tariffs on Gold and Market Reactions

20:28 - Digitization of Gold and Commodities Trading

27:32 - The Impact of Leadership Changes in Crypto Policy

29:31 - National Security and Economic Growth through Bitcoin

32:45 - The Role of Private Sector in Bitcoin Adoption

35:32 - Bitcoin Treasury Strategies and Market Dynamics

38:28 - Banking Sector's Approach to Bitcoin Products

41:35 - Custody Solutions and the Future of Bitcoin Management

49:17 - The Evolution of E-Commerce and Market Trends

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research

Links discussed: 

https://www.newswire.com/news/onramp-bitcoin-launches-dynasty-trust-services-22620960

https://x.com/btcpolicyorg/status/1940070537939575031

https://x.com/River/status/1953850840680218900

https://finance.yahoo.com/news/trump-media-confirms-2b-bitcoin-061009214.html

https://www.thecrimson.com/article/2025/8/9/hmc-q2-2025-filings/

https://x.com/BitcoinPierre/status/1954344430586188181

https://www.cnbc.com/2025/08/08/openstore-demise-endgame-for-once-booming-ecommerce-aggregator-market.html

Keep up with Michael: https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Connect with Early Riders --- https://www.earlyriders.com/contactConnect with Onramp --- https://onrampbitcoin.com/contact-us/Presented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.00:00 - Bitcoin Market Dynamics and Volatility03:01 - Understanding SEC's New Leadership and Its Implications05:44 - The Future of Custody and Regulation in Crypto09:07 - The Conflation of Bitcoin and Other Cryptos11:48 - The Sound Money Thesis: Bitcoin vs. Other Assets14:46 - The Role of ETFs in Bitcoin Trading17:56 - Institutional Adoption and Market Maturity34:16 - Institutional Adoption of Bitcoin40:02 - The Future of Stablecoins48:51 - Mainstream Reporting on Bitcoin50:31 - Tim Draper's Bitcoin Fund01:00:07 - The Changing Landscape of WealthIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/researchLinks discussed: https://drive.google.com/file/d/1HmS513cXBKR1jLq1KfQSlKmcLg4Zrf9M/viewhttps://www.sec.gov/newsroom/speeches-statements/atkins-digital-finance-revolution-073125https://x.com/EricBalchunas/status/1950913303623905601https://archive.ph/wRLV6https://x.com/NatHalberstadt/status/1951635776900415724https://x.com/gregisenberg/status/1952129553213571390https://murmurationstwo.substack.com/p/the-last-word-on-stablecoins-and?selectionhttps://x.com/nic__carter/status/1952002119717818782Keep up with Michael: https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian: https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam: https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/