Empire

In today's episode of Empire Jason and Santi cover the biggest news this week including Coinbase's massive approval for a non-US retail perpetuals trading and Pudgy Penguins invading 2000 Walmarts. They also dive into the market structure of crypto perps and whether Coinbase can claw marketshare. The duo also unpack the Gensler hearing and why AI valuations may be in a local top. They close out this week's RU by discussing locked token deals and how they have impacted projects throughout the space. Thanks for tuning in!

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Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracles. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.  

Learn more about Chronicle Protocol: https://chroniclelabs.org/

Join the Chronicle Labs team: https://chroniclelabs.org/careers#open_roles

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

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

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

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

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Timestamps:

(00:00) Discovering Apples & Marathons

(08:35) Global Crypto Climate

(14:32) Pudgy Penguins in Walmart

(21:00) Coinbase Perps Trading

(33:38) Chronicle ad

(34:54) TOKU 

(36:07) Gensler Congressional Hearing

(39:14) AI Valuations

(50:13) Locked Token Deals

(56:32) Upcoming Pods

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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.

In today's episode of 1000x Jonah and Avi are back from a brief hiatus and ready to dive into the biggest movements in the crypto markets. The duo begin by diving into the potential opportunities that lay within crypto and oil and uniquely discuss oil & USDT use-cases for global oil transactions. Turning to crypto, the guys dive into Polygon's significant lead in zk implementations and how Asia based investors are particularly interested in this innovation. To close things out they discuss their market outlooks and why altcoins may struggle to perform.

We'll drop a new 1000x episode on Empire's RSS feed and the 1000x YouTube channel every two weeks. Hit the links below and give us a follow!

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Timestamps:

(00:00) Introduction

(01:33) Jonah's Update

(04:13) From Crypto to Oil

(13:28) Token2049 Reflection

(16:58) Best zkEVM Implementation?

(20:38) Optimism's ROI on Base Chain

(23:14) Telegram Wallet Release

(30:01) Market Outlook

(33:06) Altcoin Avoidance

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Follow Avi: https://twitter.com/AviFelman

Follow Jonah: https://twitter.com/jvb_xyz

Follow 1000x: https://twitter.com/1000xPod

Subscribe on YouTube: https://bit.ly/3FuSarX

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

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Disclaimer: Nothing said on 1000x 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. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

In today's episode of Empire Jason interviews Matt Cutler, CEO & co-founder of Blocknative. They dive deep into the supply chain of blockchains, exploring the various layers of what a transaction actually means on a blockchain network. They discuss the power balances of validators, block builders, relayers, sequencers, and users when considering the supply chain of transactions. They close out the conversation by digging into MEV and how wallets are positioned to capture major value with the adoption of account abstraction and the usage of intents. 

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Follow Matt Cutler: https://twitter.com/mcutler

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

Follow Santiago: https://twitter.com/santiagoroel

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

- -

Get 5% off your business insurance today with Vouch, the leading insurer of crypto startups. With over 4000 clients, Vouch offers exclusive coverages with crypto enhancements including Directors & Officers with digital asset regulatory defense and Cyber that includes smart contract vulnerabilities.

Get started today at https://vouch.us/web3/blockworks

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Bumper is an innovative DeFi protocol that protects the value of the crypto you hold from the downside & simultaneously preserves gains when the price climbs.

- A superior alternative to crypto options for traders

- 30% cheaper and more efficient than traditional tools

- Liquidity providers earn 3-18% real yield on USDC

- Get a share in $250,000 of BUMP rewards for Early Adopters

Visit bumper.fi for more info!

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Timestamps:

(00:00) From Early Internet to Ethereum

(05:41) Supply Chain of Eth Transactions

(17:49) Power Struggles & Economics of MEV Layers

(29:09) Business Model of Relays

(44:15) Vouch Ad

(45:24) Bumper Ad

(46:27) Private Transactions and Mempools

(01:01:38) Wallet Value Capture

(01:10:58) Uniswap MEV Market Share

(01:17:50) Ethereum Outlook

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Resources

Blocknative

https://www.blocknative.com/

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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.

In today's episode of Empire Jason and Santi are checking-in on their market sentiments. Jason explains how ad-revenue may be a helpful indicator of market sentiment. Santi explores portfolio construction, decision making, and market potential. To finish out the cover the latest news including Blockchain Capital $580M, FTX disclosures, Eclipse SVM L2 Launch, and Paypal pyUSD on Venmo. 

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Bumper is an innovative DeFi protocol that protects the value of the crypto you hold from the downside & simultaneously preserves gains when the price climbs. 

- A superior alternative to crypto options for traders 

- 30% cheaper and more efficient than traditional tools

- Liquidity providers earn 3-18% real yield on USDC

- Get a share in $250,000 of BUMP rewards for Early Adopters

Visit bumper.fi

- -

Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracles. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.  

Learn more about Chronicle Protocol: https://chroniclelabs.org/

Join the Chronicle Labs team: https://chroniclelabs.org/careers#open_roles

- -

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

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

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

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Timestamps:

0:00 Sentiment Check

05:11 Ad-Revenue Proxy for Sentiment

16:57 Impact of Marketing

22:15 Evaluating Portfolio

26:31 Decision Making in Bear Markets

38:23 Bumper Ad 

39:27 Chronicle Ad 

40:43 Blockchain Capital Raises $580M

43:39 Paypal pyUSD on Venmo

45:54 FTX Disclosed

48:28 Eclipse SVM L2 Launch

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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.

After a week filled with panels, keynote speaking, and expo visiting Santi and Jason share their biggest takeaways from the Permissionless 2 conference. They dive into the awakening of the RWA DeFi narrative, regulatory discussions, crypto investment landscape and much more. 

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

Follow Santiago: https://twitter.com/santiagoroel

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

- -

Get 5% off your business insurance today with Vouch, the leading insurer of crypto startups. With over 4000 clients, Vouch offers exclusive coverages with crypto enhancements including Directors & Officers with digital asset regulatory defense and Cyber that includes smart contract vulnerabilities. 

Get started today at https://vouch.us/web3/blockworks

- -

Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracles. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.  

Learn more about Chronicle Protocol: https://chroniclelabs.org/

Join the Chronicle Labs team: https://chroniclelabs.org/careers#open_roles

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Timestamps:

(00:00) Permissionless 2 Reflection

(07:39) Are RWAs Coming?

(13:48) Crypto Investment Landscape

(23:13) Crypto Skepticism 

(30:36) Chronicle Ad

(31:53) Vouch Ad 

(33:01) Regulation Takeaways

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Resources:

Erik Vorhees "Why are we here?"

https://www.youtube.com/watch?v=2XlYSmIlpfs&t=35s

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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.

In this episode of Empire, Tyrone Lobban, Head of Onyx Digital Assets from JPMorgan Chase joins us to dive into how traditional financial institutions are adopting onchain capabilities. They explore Onyx digital assets goal, project guardian's aim to unlock institutional access to DeFi, and how JPM views blockchain. 

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Follow Tyrone: https://twitter.com/TyLobban

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

Follow Santiago: https://twitter.com/santiagoroel

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

- -

Get 5% off your business insurance today with Vouch, the leading insurer of crypto startups. With over 4000 clients, Vouch offers exclusive coverages with crypto enhancements including Directors & Officers with digital asset regulatory defense and Cyber that includes smart contract vulnerabilities. 

Get started today at https://vouch.us/web3/blockworks

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Timestamps:

(00:00) What is Onyx?

(08:43) 4 Aspects of Onyx

(22:10) USDC and Stablecoin Market

(26:24) Project Guardian & DeFi Interaction

(34:24) Vouch ad 

(35:34) Rights and Wrongs in Crypto

(42:30) ETF Approval

(47:59) JPMorgan Crypto Buy-in

(49:22) Onyx Hackathon

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Resources

Institutional DeFi

https://www.jpmorgan.com/onyx/content-hub/institutional-defi.htm

Digital Identity

https://www.jpmorgan.com/onyx/content-hub/digital-identity-in-web3.htm#second-article

Onyx Digital Assets

https://www.jpmorgan.com/onyx/onyx-digital-assets.htm

JPM Coollateral Settlement

https://www.bloomberg.com/news/articles/2022-05-26/jpmorgan-finds-new-use-for-blockchain-in-collateral-settlement?leadSource=uverify%20wall

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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.

In today's round-up, Jason and Santi dive into MakerDAO selection of Solana codebase, Visa using Solana for payments, Nima Capital going dark, and recent Spot Ether ETF news. Find out why Solana was selected for Maker's NewChain and how Visa aims to provide merchants transactions at the speed of light. 

- -

Bumper is an innovative DeFi protocol that protects the value of the crypto you hold from the downside & simultaneously preserves gains when the price climbs. 

- A superior alternative to crypto options for traders 

- 30% cheaper and more efficient than traditional tools

- Liquidity providers earn 3-18% real yield on USDC

- Get a share in $250,000 of BUMP rewards for Early Adopters

Visit bumper.fi

- -

Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

- -

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

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

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

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Timestamps:

00:00 Introduction

05:24 MakerDAO Chain on Solana Codebase

27:50 Bumper ad

28:53 Permissionless

30:17 Visa x Solana Crypto Payments

46:59 Nima Capital Goes Dark

55:16 Spot Ether ETF

59:31 Metamask Sell Feature

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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.

Jason is joined by Rebecca Rettig and Jake Chervinsky in today's special Policy Series episode to tackle the monumental implications of Grayscale ETF decision, Uniswap case dismissal and Tornado Cash indictments. They discuss how these decisions could impact the broader industry and what's coming up next for Bitcoin ETF decisions.

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Timestamps:

(00:00) Introduction

(01:37)The Importance of Grayscale ETF Victory

(11:20) “Chainalysis Ad”

(12:24) ETF Consequences & What's Next?

(28:48) Uniswap Case Dismissal

(36:52) Impacts of Decisions

(39:39) Creating a New Asset Class

(41:27) Cravath Paper & Tornado Cash Indictment

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Follow Rebecca: https://twitter.com/RebeccaRettig1

Follow Jake: https://twitter.com/jchervinsky

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

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

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

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This episode is brought to you by Chainalysis.

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases.

For more information, visit www.Chainalysis.com/empire.

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Resources:

Grayscale ETF

https://twitter.com/jchervinsky/status/1696544309699363201

https://blockworks.co/news/judges-grayscale-sec-ruling

https://twitter.com/MTCoppel/status/1696856472762683814

Uniswap Case Dismissal

https://blockworks.co/news/uniswap-class-action-dismissed

https://twitter.com/haydenzadams/status/1696991910370411003

Cravath Paper & Tornado Cash

https://twitter.com/Cravath/status/1697693810363351358?s=20

https://twitter.com/RebeccaRettig1/status/1697716451358982364

Crypto Use-cases

thevaluedrop.io

The Blockchain Association

https://theblockchainassociation.org/

https://twitter.com/BlockchainAssn

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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.

In this episode of Empire, Sandeep Nailwal, co-founder of Polygon, elaborates on Polygon 2.0's bold approach to achieving infinite scalability in blockchain networks. Sandeep outlines his thesis for Polygon as not just a scalability solution, but as the foundational "Value Layer of the Internet." The conversation explores various components of Polygon 2.0 including it's innovation of zk EVM, POL Tokenomics, and the 3 pillars for governance. Nailwal also touches on Polygon's strategic partnerships with big brands like Reddit, Nike, and Starbucks, emphasizing their role in accelerating the mass adoption of the network.

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Follow Sandeep: https://twitter.com/sandeepnailwal

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

Follow Santiago: https://twitter.com/santiagoroel

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

- -

Get 5% off your business insurance today with Vouch, the leading insurer of crypto startups. With over 4000 clients, Vouch offers exclusive coverages with crypto enhancements including Directors & Officers with digital asset regulatory defense and Cyber that includes smart contract vulnerabilities. 

Get started today at https://vouch.us/web3/blockworks

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Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

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Timestamps:

(00:00) Why Polygon 2.0?

(07:53) Why is ZK the solution?

(25:06) Polygon 2.0 Competition

(28:49) Vouch Ad

(29:58) Permissionless 

(31:22) POL Tokenomics 

(38:17) 3 Governance Pillars

(43:56) The BD Chain Narrative

(53:11) The Business Model of Polygon

(58:32) Polygon CDK

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Resources

Polygon 2.0

https://polygon.technology/blog/introducing-polygon-2-0-the-value-layer-of-the-internet

zkEVM

https://polygon.technology/blog/whats-happening-on-polygon-zkevm-summer-edition

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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.

In today's round-up, Jason and Santi dive into the Greyscale ETF victory and why it matters, the Uniswap case dismissal, and the 10 things Brian Armstrong is most excited to see in crypto. Their conversation digs into why ETFs have deep implications for the space, complexities of P2P markets, Web3 ad verticals, and much much more! 

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Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

- -

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

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

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

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

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

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Resources

10 Things - Brian Armstrong

https://twitter.com/brian_armstrong/status/1696923807855042601?s=20

Greyscale ETF Triump

https://twitter.com/jchervinsky/status/1696544309699363201?s=20

Uniswap - Paradigm Case Dismissal

https://twitter.com/BillHughesDC/status/1696897567500505514?s=20

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Timestamps:

(00:00) Introduction

(02:45) Grayscale ETF Triumph

(17:06) Why does the ETF Matter?

(31:43) Permissionless 

(33:10) Uniswap Case Dismissal

(37:40) Brian Armstrong 10 Things Needed in Crypto

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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.