Wyatt sits down with Pbj, the founder of Perpl, a prominent perpetuals exchange on the imminently launching Monad blockchain. In this episode:

• How large are perp exchanges in the crypto market?
• Why perps are attractive to crypto users and traders
• Hyperliquid's success
• What assets would people trade on Perpl vs Hyperliquid?
• What makes Monad unique
• Perps for other asset classes?
• Reasons to be excited

Dave Balter, the co-founder and CEO of Flipside Crypto joins the show. In this episode we discuss:

• How Flipside has shifted its product to fully harness the power of LLMs for analyzing public blockchain networks.
• Building a product organization in the age of A.I.
• Perspectives on the evolving landscape of layer one and layer two blockchains.
• How the role of a data analyst will evolve in the coming years.
• Where Flipside is focusing its efforts within the blockchain data/analytics segment.

To learn more about Flipside visit flipsidecrypto.xyz and follow the company on X.

Matt and Nic are back for another week of news and deals. In this episode: 

• Will stablecoins drive deposit flight from the banks?
• Is FDIC insurance obsolete?
• Can CBDCs provide real privacy?
• ICE invests in Polymarket
• North Dakota is looking to issue their own “rough rider” stablecoin, joining Wyoming
• Luxembourg buys bitcoin out of their sovereign wealth fund
• Is the quantum bubble creating risks for Bitcoin?
• The "Salomon brothers" OP_RETURN dusting attack on old Bitcoins
• Reg NMS for blockchains?
• Katie Porter has a new drama
• Congress is still working on the market structure bill
• Shutdown update

Content mentioned in this episode:

• Nic on Substack, Yes, we really do want to trust crypto interests with the future of money
• Galaxy Research, The Great Bitcoin Dusting: A ‘Salomon Brothers’ Client Tries to Claim Dormant Wallets

Pelle Braendgaard, the co-founder and CEO of Notabene joins the show. In this episode we discuss:

• Pelle’s background and path to co-founding Notabene.
• The travel rule and how institutions achieve compliance for blockchain transactions.
• The launch of Notabene Flow, the first open stablecoin payments platform enabling pull payments for businesses.
• Views on the evolving market structure for stablecoin payments
• The state of digital identity.

To learn more about Notabene visit notabene.id and follow the company on X.

Mike Cagney, the founder of Figure joins the show. In this episode we discuss:

• The process of taking Figure public in September 2025.
• The market structure for tokenized securities.
• Perspectives on the key issues being debated in the context of The Clarity Act.
• Reg NMS considerations for blockchain assets.
• The impact of stablecoins on the banking sector.
• The original thesis of Figure and the attractiveness of the HELOC market.
• The Provenance Blockchain
• Competition versus legacy financial services firms.

To learn more about Figure visit figure.com. Follow Mike on X. Follow Figure on X.

Matt and Nic are back for another week of news and deals. In this episode:

• AI bailed out the mining companies
• AI people deal with the same energy use claims
• We reflect on the life of Jane Goodall
• DoubleZero gets a no-action letter from the SEC
• Will Tether and Circle lose market share?
• Who could challenge the Big Two stablecoins?
• Do optimists always win?
• Some DATs are troubled
• Is Kalshi starting to take over?
• Stripe announces Open Issuance
• The US Government is shut down

Content mentioned:

• Nic on Substack, The Stablecoin Duopoly is Ending

Wyatt sits down with Ben Ward and Steven Pack of RockSolid. In this episode:

• What are DeFi vaults? What is RockSolid?
• Lido vs Rocket Pool
• Creating effective unified efforts in decentralized communities
• A look at the wider landscape of DeFi yield
• How do you measure protocol success?
• Strengthening the broader Ethereum ecosystem

Mark Coe, the Founder and CIO of Intrinsic Edge Capital Management joins the show. In this episode we discuss:

• Mark’s background and path that led him to founding Intrinsic Edge Capital Management.
• The Intrinsic Edge Digital Infrastructure Fund, a fund that was launched four years ago to focus on companies in the digital asset ecosystem.
• Perspectives on the mining industry and the impact of AI/LLMs on this sector of the industry.
• Views on the types of businesses that will enter the public markets in the coming years.
• The future of prime brokerage and how service providers will evolve.

To learn more about Intrinsic Edge visit intrinsicedge.com or email them at [email protected]

Matt and Nic are back for another week of news and deals. In this episode: 

• We review the Coin Center dinner
• Tether is going out to raise at $500b
• Cloudflare wants to launch a stablecoin for agentic payments and launches the 402 protocol
• Circle is thinking about reversible transactions
• BitGo files for an S1
• Strive acquires Semler Scientific
• The SEC is looking into 200 DATs for insider trading
• 9 major European banks are looking to launch a MiCA stablecoin
• The Bank Policy Institute thinks stablecoins threaten banks
• Senate Finance Cmte is looking at crypto taxes 
• Naver is looking to acquire Upbit

Wyatt sits down with Felipe Montealegre and Noah Goldberg of Theia Capital, a fund investing actively in liquid crypto tokens with strong fundamentals. In this episode:

• What drives crypto market valuations? Fundamentals or supply of capital?
• The imbalance between venture vs hedge fund activity in crypto markets
• Navigating a market where assets become liquid early in their lifecycle
• Talent in the crypto industry
• What makes exceptional founders and team members?
• Using LLMs in investing and general workflow
• Future themes Theia is excited about