In today's episode of Empire Jason and Santi dive into the latest crypto news, including the FASB fair value ruling for Bitcoin, the Ledger exploit, and the controversy around Rainbow's new points system. They debate the pros and cons of new yield generating protocols like Manta and BLAST, make 2024 predictions about the proliferation of L2 platforms with native yield, and discuss whether investing in early DeFi protocols still makes sense. Tune in for all this and much more!

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

Use the link below to learn more, and use EMPIRE20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!

Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home

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Timestamps

(00:02) Introduction

(06:26) FASB Confirms 'Fair Value' Approach

(14:37) Ledger Connect Kit Exploit

(31:27) Point System Hate

(41:38) Layer0 Launch Video

(45:26) 2024 Predictions

(55:06) Are OG DeFi Protocols Investments?

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Resources

Layer0 Research Report & Video

https://app.blockworksresearch.com/research/layer-zero-v2-the-decoupling-of-security-and-execution

https://x.com/LayerZero_Labs/status/1735317463032893946

Ledger Exploit

https://blockworks.co/news/ledger-statement-on-phishing-hack

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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.