Empire

Gm! This week we're joined by Tyler Evans & Josh Solesbury to discuss the Bitcoin treasury playbook. We deep dive into Michael's Saylor's Bitcoin strategy, NAV/premium, how to structure a treasury company, is this a BTC only strategy or do other assets work as well & more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Tyler: https://x.com/tylev

Follow Josh: https://x.com/joshsolesbury

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

ZKsync is the pioneering zero-knowledge technology powering the next generation of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync enables an elastic, ever-expanding network of customizable chains.

Deeply rooted in its mission to advance personal freedom for all, the ZKsync technology makes digital self-ownership universally available.

To learn more about ZKsync, visit http://www.zksync.io

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Crypto never sleeps. So we built an Al analyst that never blinks.

--

Timestamps:

(00:00) Intro

(02:00) The Microstrategy Playbook

(14:05) Ads (ZKSync, Marinade)

(16:02) Does Narrative Matter For This Strategy?

(19:33) NAV/Premium

(23:15) What Assets Are Good For This Strategy?

(27:51) Ads (ZKSync, Marinade)

(29:48) How To Structure A Bitcoin Treasury Company

(40:23) What Are The Risks To This Strategy?

(47:31) Ads (Falcon x)

(48:26) The Treasury Strategy On POS vs POW Assets

(56:49) Will All Public Companies Own Bitcoin?

(01:01:54) Final Thoughts

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! Unfortunately no roundup this week as Yano & Santi are travelling. Instead we're bringing you this episode of Bell Curve with Tomasz Stańczak, Co-Executive Director at the Ethereum Foundation, to discuss Ethereum’s evolving culture, and product focus.

We also dive into Ethereum’s DeFi and RWA dominance, scaling the L1, real-time proving breakthroughs, and Ethereum’s long-term vision.Thanks for tuning in!

--

Resources

Real-Time Ethereum Proving is here: ⁠https://x.com/SuccinctLabs/status/1924845712921264562⁠

Justin Drake on Real-Time Proving: ⁠https://x.com/SuccinctLabs/status/1925306484281553262⁠

--

Follow Tomasz: ⁠https://x.com/tkstanczak⁠

Follow Michael: https://twitter.com/im_manderson

Follow Vance: ⁠https://twitter.com/pythianism⁠

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: ⁠https://bit.ly/4mqh9kK⁠

Subscribe on Apple: ⁠https://apple.co/3pQTfmD⁠

Subscribe on Spotify: ⁠https://spoti.fi/3cpKZXH⁠

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: ⁠https://blockworks.co/newsletter/⁠

--

SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees.

SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.

Buy now at www.Ledger.com

--

Get up to speed on the biggest stories in crypto each week. In five minutes.

Get the Bitwise Weekly CIO Memo delivered directly to your inbox at bitwiseinvestments.com/ciomemo/empire

--

Timestamps

(0:00) Introduction

(2:23) Getting Started at the Ethereum Foundation

(6:29) Culture of the Ethereum Foundation

(13:43) Ads (Skale, Marinade)

(15:15) Should Ethereum Mimic Bitcoin?

(34:26) Ads (Skale, Marinade)

(35:58) Ethereum's Lead in DeFi and RWAs

(43:30) Real-Time Proving

(52:11) Ads (Ledger, Bitwise)

(53:44) Scaling the L1

(55:32) The Fusaka Upgrade

(58:30) Will Circle Be Acquired?

(1:06:04) What is Tomasz Excited About?

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're joined by Tom Dunleavy & Ryan Berckmans to discuss the bull case for Ethereum. We deep dive into Ethereum's big pivot, how to value the L1, should L2 tokens exist, the role of Etherealize, what's next for ETH & more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Ryan: https://x.com/ryanberckmans

Follow Tom: https://x.com/dunleavy89

Follow Jason: https://x.com/JasonYanowitz

Follow Santi: https://x.com/santiagoroel

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

ZKsync is the pioneering zero-knowledge technology powering the next generation of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync enables an elastic, ever-expanding network of customizable chains.

Deeply rooted in its mission to advance personal freedom for all, the ZKsync technology makes digital self-ownership universally available.

To learn more about ZKsync, visit http://www.zksync.io

--

Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.

The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC will be live in April 2025.

--

Crypto never sleeps. So we built an Al analyst that never blinks.

Meet Focal by FalconX: a GenAI insights engine built for institutional crypto. Already used by 80+ funds managing $10B+ in AUM.

🔹 Screen, chart, and analyze 1300+ tokens

🔹 Summarize market-moving news instantly

🔹 Integrates data from CoinGecko, Kaito, Token Terminal, Tokenomist, The Tie

Get started today: https://askfocal.com

--

AO Mainnet is LIVE! Experience the future of decentralized computing: infinite parallel processing, secure TEE-powered computations, and LLMs in smart contracts. Built on Arweave, AO's modular design shatters scalability limits. 100% of tokens are distributed to Arweave holders and bridge depositors, with a fixed supply and halving. Explore AO today: https://ao.arweave.dev

--

Timestamps:

(00:00) Intro

(01:50) What Went Wrong With Ethereum?

(07:33) The Ethereum L2 Roadmap

(10:35) Does Ethereum Have Product Market Fit?

(13:46) Ethereum’s Big Pivot

(18:11) Ads (ZKSync, Zenrock)

(19:49) Should Blockspace Be Taxed?

(22:15) Ethereum's Next Chapter

(27:55) The Role Of Etherealize

(30:18) Ads (ZKSync, Zenrock)

(31:57) Does Scaling The L1 Benefit L2s?

(42:38) How To Attract Builders To Ethereum

(44:46) Ads (Falcon x,Arweave)

(46:22) Should We Tariff The L2s?

(51:35) How To Value L1s

(56:50) The Bull Case For ETH

(01:04:00) Should L2 Tokens Exist?

(01:09:02) Final Thoughts

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're back with another weekly roundup. We discuss the state of the market, what to own this cycle, has BTC dominance topped, why you need to pay attention to crypto M&A in 2025 & much more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

--

Follow Santi: https://x.com/santiagoroel

Follow Jason: https://x.com/jasonyanowitz

Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees.

SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.

Buy now at www.Ledger.com

--

Get up to speed on the biggest stories in crypto each week. In five minutes.

Get the Bitwise Weekly CIO Memo delivered directly to your inbox at bitwiseinvestments.com/ciomemo/empire

--

Timestamps:

(00:00) Intro

(03:08) Ethereum: The Asset vs Network

(07:44) State Of The Market

(14:58) Ads (Skale, Marinade)

(16:31) What To Own This Cycle

(21:28) Has BTC Dominance Topped?

(24:02) Anchorage Digital Acquires Mountain Protocol

(27:05) Pay Attention To Crypto M&A In 2025

(34:03) Ads (Skale, Marinade)

(35:35) How Should Companies Allocate Capital In Crypto?

(48:56) Ads (Ledger, Bitwise)

(50:29) eToro IPOs & Coinbase Joins The S&P 500

(57:25) Talent Is Leaving TradFi For Crypto

(58:57) Gaming Isn't Dead

(01:01:11) Content Of The Week

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

This week, the Hivemind team discuss ETH's sudden outperformance and whether it's driven by genuine flows or just positioning, Solana's strength as the launchpad for "Internet Capital Markets," and the evolving narratives around RWA tokens, L1 rotation, and meme coin mania. They also touch on Celestia’s roadmap struggles, the logic behind tokenized equity fundraising, and Worldcoin. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire

--

Follow Ceteris: https://x.com/ceterispar1bus

Follow Jose: https://x.com/ZeMariaMacedo

Follow Yan: https://x.com/YanLiberman

Follow Jason: https://x.com/3xliquidated

Follow Empire: https://x.com/theempirepod

Subscribe on YouTube: https://bit.ly/4jYEkBx

Subscribe on Apple: https://bit.ly/3ECSmJ3

Subscribe on Spotify: https://bit.ly/4hzy9lH

--

Join us at Permissionless IV June 24th - 26th. Use code EMPIRE10 for 10% OFF! https://blockworks.co/event/permissionless-iv

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Believe Screener: https://www.believescreener.com/

--

Timestamps:

(0:00) Cold Opening

(2:59) Introduction

(5:37) ETH Pump & Future

(13:51) Slightly Cautious

(19:17) Time to Derisk?

(24:34) What We’re Excited About

(29:11) Solana & Internet Capital Markets

(38:04) Celestia Fundamentals

(42:18) Hype & RWAs

(45:38) Market Opportunities

(49:27) Believe & ICM Launchpad

(57:56) Worldcoin Pitch

(1:03:50) Final Thoughts

--

Disclaimer: Nothing said on Empire 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. Santiago, Jason, the Hivemind team, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're joined by Christine Moy, Carlos Domingo & Tarun Chitra to discuss the launch of crypto largest onchain credit fund. We deep dive into what is private credit, the future of tokenization, onchain vs tradfi risk management, finding product market fit & more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Christine: https://x.com/cmoyall

Follow Tarun: https://x.com/tarunchitra

Follow Carlos: https://x.com/carlosdomingo

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

ZKsync is the pioneering zero-knowledge technology powering the next generation of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync enables an elastic, ever-expanding network of customizable chains.

Deeply rooted in its mission to advance personal freedom for all, the ZKsync technology makes digital self-ownership universally available.

To learn more about ZKsync, visit http://www.zksync.io

--

Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.

The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC will be live in April 2025.

--

Crypto never sleeps. So we built an Al analyst that never blinks.

Meet Focal by FalconX: a GenAI insights engine built for institutional crypto. Already used by 80+ funds managing $10B+ in AUM.

:small_blue_diamond: Screen, chart, and analyze 1300+ tokens

:small_blue_diamond: Summarize market-moving news instantly

:small_blue_diamond: Integrates data from CoinGecko, Kaito, Token Terminal, Tokenomist, The Tie

Get started today: https://askfocal.com

--

AO Mainnet is LIVE! Experience the future of decentralized computing: infinite parallel processing, secure TEE-powered computations, and LLMs in smart contracts. Built on Arweave, AO's modular design shatters scalability limits. 100% of tokens are distributed to Arweave holders and bridge depositors, with a fixed supply and halving. Explore AO today: https://ao.arweave.dev

--

Token.com is a social-first crypto platform transforming how people discover and trade through crypto content. The revolutionary in-feed trading turns complex crypto into intuitive investments, while content creators earn from every trade and projects amplify their stories through native tokens - creating a new era of social media-powered crypto discovery. Just scroll to watch and tap to invest. Download the app!

--

Timestamps:

(00:00) Intro

(02:02) What Is Private Credit?

(06:32) The ACRED Levered RWA Strategy

(09:29) How To Bring TradFi Onchain?

(20:51) Ads (ZKSync, Zenrock)

(22:30) How Does the Levered RWA Strategy Function?

(32:14) A New Era For Tokenization

(36:32) Ads (ZKSync, Zenrock)

(38:11) Onchain vs TradFi Risk Management

(42:47) How To Avoid Leverage Unwinds

(49:36) Ads (Falcon x,Arweave, Token.com)

(51:50) Finding Product Market Fit

(01:04:57) The Future Of Tokenization

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're back with another weekly roundup. We discuss Coinbase's $3B acquisition of Deribit, Stripe's stablecoin launch, Ethereum's big pivot, will Meta launch a stablecoin & more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

--

Follow Santi: https://x.com/santiagoroel

Follow Jason: https://x.com/jasonyanowitz

Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees.

SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.

Buy now at www.Ledger.com

--

WalletConnect is the onchain connectivity network . If you’ve connected to a Web3 app, you’ve seen WalletConnect. It’s everywhere—an icon of trust in crypto, as recognizable as Visa at checkout.

The numbers speak for themselves: Over 220 million connections and 35 million users worldwide use WalletConnect to power their Web3 experience. @WalletConnect on X and Telegram or visit https://WalletConnect.Network

--

Get up to speed on the biggest stories in crypto each week. In five minutes.

Get the Bitwise Weekly CIO Memo delivered directly to your inbox at bitwiseinvestments.com/ciomemo/empire

--

Timestamps:

(00:00) Intro

(02:58) Bitcoin Breaks $100k

(05:25) Ethereum’s Pectra Upgrade

(10:14) Ethereum's Big Pivot

(12:41) Ads (Skale, Marinade)

(14:13) Is Robinhood Launching A Chain?

(15:31) Coinbase Acquires Deribit For $2.9 Billion

(21:54) Stripe Sessions: The Stablecoin Playbook

(32:02) Ads (Skale, Marinade)

(33:35) Tokenization (real)

(37:51) Is The IPO Window Open?

(44:20) Ads (Ledger, WalletConnect, Bitwise)

(46:38) The GENIUS Act

(49:35) Will Meta Launch A Stablecoin?

(52:08) Coinbase Earnings

(53:31) Is Microstrategy A Threat To Bitcoin?

(58:47) Final Thoughts

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're back with another weekly roundup live at Token2049. We deep dive into our biggest takeaways form the conference, Ethereum's next chapter, L1 valuations vs app development, the new era of crypto founders & more. Enjoy!

--

Follow Santi: https://x.com/santiagoroel

Follow Jason: https://x.com/jasonyanowitz

Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now at www.Ledger.com

--

WalletConnect is the onchain connectivity network . If you’ve connected to a Web3 app, you’ve seen WalletConnect. It’s everywhere—an icon of trust in crypto, as recognizable as Visa at checkout.

The numbers speak for themselves: Over 220 million connections and 35 million users worldwide use WalletConnect to power their Web3 experience. @WalletConnect on X and Telegram or visit https://WalletConnect.Network

--

Timestamps:

(00:00) Intro

(01:39) Takeaways From Token2049

(03:54) Ads (Marinade)

(04:43) A New Era Of Crypto Founders

(07:56) L1s vs Apps

(09:24) Ads (Marinade)

(10:13) Ethereum's Next Chapter

(14:33) Launching A Chain

(16:48) Ads (Ledger, WalletConnect)

(18:18) CeFi vs DeFi Trade-Off's

—

Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're joined by Jeff Dorman to discuss his recent tweet on the bear case for Coinbase. We deep dive into the Coinbase business model, the rise of DEXs (Hyperliquid), who is best positioned to win the exchange wars, the opportunity for DeFi & more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

--

Follow Jeff: https://x.com/jdorman81

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

Petra Earn was designed to make DeFi more accessible for everyone—from seasoned pros to DeFi beginners. Manage your balance, claim rewards and deposit directly from the app. By supplying USDT to Aries lending pools, users have the potential to earn a higher yield compared to some traditional methods.

Not financial advice. Participating in Defi carries risks. To learn more visit https://petra.app/earn

--

Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.

The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC will be live in April 2025.

--

Crypto never sleeps. So we built an Al analyst that never blinks.

Meet Focal by FalconX: a GenAI insights engine built for institutional crypto. Already used by 80+ funds managing $10B+ in AUM.

🔹 Screen, chart, and analyze 1300+ tokens

🔹 Summarize market-moving news instantly

🔹 Integrates data from CoinGecko, Kaito, Token Terminal, Tokenomist, The Tie

Get started today: https://askfocal.com

--

Token.com is a social-first crypto platform transforming how people discover and trade through crypto content. The revolutionary in-feed trading turns complex crypto into intuitive investments, while content creators earn from every trade and projects amplify their stories through native tokens - creating a new era of social media-powered crypto discovery. Just scroll to watch and tap to invest. Download the app!

--

Timestamps:

(00:00) Intro

(03:06) Do Fundamentals Matter In Crypto?

(08:58) Ripple's Breakthrough Moment

(11:38) Ads (Aptos, Zenrock)

(12:58) The Coinbase Business Model

(20:59) Are Coinbase Users Sticky?

(25:29) The Rise Of DEXs

(31:41) Ads (Aptos, Zenrock)

(33:01) Is There A Bull Case For Coinbase?

(37:55) Tokenization

(43:37) Ads (Falcon x, Token.com)

(45:05) The Opportunity For DeFi

(50:32) Value Accrual

(57:07) How To Bring Assets Onchain

(01:10:09) Should Securities Laws Be Updated?

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

This week, the Hivemind team discusses the crypto market rebound, Bitcoin’s outperformance, and whether the rally has more fuel for higher. They also explore Solana’s memecoin trading activity and DeFi growth, the Ethereum Foundations pivot, Hyperliquid’s strategy, and Galaxy Digital’s future Nasdaq uplisting.

Enjoy!

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Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.

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Timestamps:

(0:00) Introduction

(1:25) Market Outlook

(4:16) Does Bitcoin Have More Fuel to Run?

(14:15) The Ethereum Foundation Pivots

(23:23) Solana's Meme Activity & DeFi Growth

(31:31) Potential Impact of a Solana ETF

(38:26) Will Memes Continue to Outperform?

(44:25) Hyperliquid's Staking Rollout

(48:17) Thoughts on Metaplex and Sui

(53:19) Galaxy Digital's Nasdaq Uplisting

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.