On The Margin

According to crypto analyst Ran Neuner, crypto treasury companies like SBET and Strategy aren't actually driving crypto prices higher because they're primarily redistribution mechanisms rather than net buyers of digital assets. Instead of purchasing crypto on open markets, these companies allow crypto insiders to exchange their existing holdings for publicly traded shares at premium valuations, essentially selling crypto exposure to retail investors at 2-4 times the underlying asset value.

YieldSec, an anti-crime platform using adapted military counter-terrorism technology, claims the illegal crypto gambling industry generated $81.4 billion in revenue in 2024, nearly matching the entire estimated legal online gambling market and dwarfing traditional operators like Flutter and DraftKings who struggle with profitability.

Jeffrey Wurgler is the Nomura Professor of Finance at New York University Stern School of Business.

In this conversation, Professor Jeffrey Wurgler discusses his research on retail investor behaviour, focusing on how individual investors gather information and make trading decisions. He highlights the challenges of data collection and analysis, the influence of price action and news on trading behaviour, and the differences in investment strategies among various types of investors. The conversation also touches on the impact of social media on trading, the macro-level implications of retail trading, and the potential for regulation to encourage more thoughtful investment behaviour.

In this conversation, Devin Finzer, CEO of OpenSea, discusses the current state and future of NFTs, the impact of generative AI on content creation, and the evolving identity and community aspects within the NFT space. He highlights the divergence between in-game skins and on-chain NFTs, the improvements in user experience at OpenSea, and the positive changes in the regulatory environment for crypto. Finzer also shares insights on OpenSea 2, the future of NFT projects, and the importance of smaller projects in the ecosystem.

We spoke to Christian Reeves from Bank License Pro about international banking in Puerto Rico, and how one becomes an international banking consultant.

We spoke to Mike Hudack, the CEO of Sling Money on how stablecoins are changing consumer payments. We also spoke about Mike's time as CPO of Monzo & Deliveroo.

Discussion with Simon Jones, the Chief Commercial Officer from Baanx on non-custodial payments, advertising in finance apps, Metamask card and the future of Fintech.

We are joined by Pedro Barros, Remote.com's SVP & GM of Contractors.

We are joined by Archie Burgess, who is an Investment Director at Cibus.

Dr Sipke Shaughnessy joins us to discuss investing in Frontier Markets.