Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Nashville Conference Recap

02:23 - Multi-Institution Custody Insights

08:24 - Investment Announcements and Stables Initiative

12:11 - Bitcoin Treasury Company Acquisitions

29:15 - Global Banking Trends and Digital Identity

31:45 - Geopolitical Tensions and Currency Control

34:46 - The Rise of Stablecoins and Global Pushback

39:22 - The Shift Towards Hard Assets

43:53 - The Role of Gold and Bitcoin in Wealth Preservation

46:16 - AI's Impact on Business and Investment Strategies

50:43 - The Future of Bitcoin and Financial Institutions

55:30 - BitGo IPO and the Future of Digital Asset Custody

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://bitcoinmagazine.com/business/early-riders-texas-accelerator-bitcoin
https://www.sec.gov/Archives/edgar/data/1740604/000162828025042203/bitgoholdingsincforms-1.htm
https://finance.yahoo.com/news/bank-england-plan-cap-stablecoin-064322101.html
https://x.com/matthew_sigel/status/1970096786455908723
https://www.globenewswire.com/news-release/2025/09/22/3153902/0/en/Strive-Inc-Nasdaq-ASST-and-Semler-Scientific-Inc-Nasdaq-SMLR-Announce-Bitcoin-Treasury-Merger-in-All-Stock-Transaction.html
https://longbridge.com/en/news/257647299
https://finance.yahoo.com/news/ray-dalio-says-invest-gold-132955153.html
https://x.com/StealthQE4/status/1968427249998123351
https://www.reuters.com/markets/wealth/morgan-stanley-cio-favors-602020-portfolio-strategy-with-gold-inflation-hedge-2025-09-16/?taid=68cab20669ce140001afff90
https://vietnamnews.vn/economy/1721534/more-than-86-million-bank-accounts-to-be-terminated-from-september-1.html
https://x.com/MacroScope17/status/1969767479309111536
https://www.theblock.co/post/371567/b-hodl-uk-bitcoin-treasury-strategy
https://www.theblock.co/post/371021/quarter-of-public-bitcoin-treasury-companies-trade-below-btc-holdings
https://x.com/JulianKlymochko/status/1967985624922910765
https://quasa.io/media/elon-musk-at-all-in-summit-key-takeaways-from-a-44-minute-vision-of-the-future

Keep up with Michael:

https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian:

https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam:

https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/

Connect with Onramp // Onramp Terminal // Jeff Booth

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make.

00:00 - The Evolution of Economic Systems

23:18 - Transitioning to a Free Market Paradigm

37:26 - Nation-State Adoption and Sovereign Game Theory

44:54 - The Future of Bitcoin and Energy Production

48:40 - Gold's Role in the Evolving Financial Landscape

52:46 - The Game Theory of Currency and Power

58:45 - The Impact of AI on Business and Society

01:04:30 - The Necessity of Bitcoin for Businesses

01:09:26 - Venture Capital in the Bitcoin Era

01:13:38 - Looking Ahead: The Next Six Years of Technology

01:23:57 - Outro and Disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Learn more about The Stables // Read the Manifesto // Learn How to Get Involved // Connect with Early Riders // Connect with Onramp

00:00 - Introduction to The Last Trade Podcast

03:45 - Launching EarlyRiders and Stables

07:14 - Building a Base Camp for Entrepreneurs

10:14 - Insights from Silicon Valley and Community Building

13:15 - Navigating the Bitcoin Landscape

16:15 - The Importance of Foundational Business Principles

19:07 - Identifying Viable Business Opportunities

22:08 - Commercializing Bitcoin Ideas

25:07 - The Role of Constraints in Business Success

30:36 - The Future of Private Equity and Bitcoin

32:49 - Commercial Viability of Bitcoin Innovations

35:49 - Navigating the E-Cash Landscape

39:55 - The Role of Bitcoin in Traditional Finance

44:00 - Exploring Bitcoin as a Store of Value

46:52 - The Intersection of Bitcoin and AI

51:14 - Building the Future of Bitcoin Investments

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Market Movements and Upcoming Events

02:11 - Banking Crisis in Thailand

09:59 - Youth Revolt in Nepal

18:23 - Bitcoin's Role in Financial Portfolios

23:09 - Gemini's Public Offering and Market Trends

28:06 - Exploring Solana's Blockchain Advantages

33:07 - The Future of Bitcoin Dividends

35:25 - Hyper Liquid and the Evolution of Stablecoins

37:42 - Vercel and the Future of Micro Payments

43:51 - The Rise of Bitcoin in Everyday Transactions

49:28 - Navigating the Fragile Economy

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://www.cnbc.com/2025/09/09/nasdaq-to-invest-50-million-in-winklevoss-founded-crypto-exchange-gemini.html
https://www.cnbc.com/2025/09/12/gemini-the-winklevoss-crypto-exchange-pops-in-nasdaq-debut.html
https://hbr.org/2025/09/does-bitcoin-belong-on-your-balance-sheet
https://vercel.com/blog/introducing-x402-mcp-open-protocol-payments-for-mcp-tools
https://www.thaiexaminer.com/thai-news-foreigners/2025/09/14/banking-crisis-as-security-overreach-limits-large-numbers-of-personal-and-small-business-bank-accounts/
https://www.indiatoday.in/technology/news/story/bitchat-surges-in-nepal-as-gen-z-protesters-pick-pm-on-discord-whatis-bitchat-and-how-it-is-used-2787021-2025-09-14
https://www.theblock.co/post/370570/native-markets-team-wins-hyperliquid-usdh-stablecoin-bid-eyes-test-phase-within-days
https://finance.yahoo.com/news/superstate-issue-fresh-galaxy-digital-110007162.html
https://www.tradingview.com/news/cointelegraph:b7f86629f094b:0-investment-giant-capital-group-s-1b-bet-on-bitcoin-treasuries-balloons-to-6b/
https://www.wsj.com/opinion/americas-buy-now-pay-later-economy-3dae0902

Keep up with Michael: https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/

Connect with Onramp // Connect with Acropolis // Connect with Early Riders

Presented by Onramp Media in collaboration with Acropolis & Early Riders...

Bitcoin for Businesses is a bi-weekly podcast for operators. We turn headlines into a playbook, covering custody architecture, board approvals, accounting, financing, and real-world implementation.

00:00 – Welcome to Bitcoin for Businesses

02:12 – MIC: the corporate custody unlock

06:42 – Ledn pivots to bitcoin-only lending

10:59 – Bitcoin-only vs multi-asset UX

12:47 – Public treasuries + fair-value accounting catalyst

20:39 – The “yield” mirage: save, don’t reach

25:16 – Macro: inflation squeeze, bankruptcies, rate cuts & MMFs

32:05 – Offense & defense: pricing power, network effects

39:49 – BTC-backed credit lines for working capital

43:52 – Stablecoins as on-ramps; finality vs chargebacks

51:58 – Real-world payments: Namecheap $2M via BTCPay

57:25 – Closing takeaways & CTA

If you found this valuable, please subscribe to Onramp Media.

Connect with Onramp // Onramp Terminal // Onramp Institutional

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make.

00:00 – Intro & Why Macro Matters Now

04:40 – Bessent’s Op-Ed: Fed “Gain-of-Function” Critique

07:36 – Post-2008 Playbook: Distorted Signals & Debt Monetization

10:38 – Stablecoins as Dollar Statecraft

13:30 – Global Pressures & the Dollar’s Next Act

16:30 – Gold Breakout, BTC Setup: Sound-Money Signals

19:26 – Fed Independence Under Fire

22:18 – Hard Assets as Liquidity Batteries (Gold & BTC)

25:19 – Navigating the Reset: A Playbook for Allocators

37:33 – Corporate BTC, U.S. Advantage & Balance Sheets

41:22 – TradFi Meets Crypto & Policy Greenlights

46:06 – Wallet Warnings & Supply-Chain Exploits

51:19 – Custody Stress Is Real: Fault Tolerance & MIC

56:51 – Onramp Institutional: Bespoke Access for Allocators

01:05:40 – Outro & Disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Market Overview

02:57 - Stripe's Stablecoin Chain and Industry Reactions

05:57 - David Marcus' Perspective on Centralized Control

09:00 - Decentralization vs. Centralization in Crypto

12:03 - The Future of Payments and Corporate Influence

14:57 - World Liberty Financial and the Illusion of Decentralization

17:32 - Hyperliquid: A New Player in the Market

32:47 - The Rise of Prediction Markets and Decentralization

37:06 - Sovereign Accumulation of Bitcoin

43:48 - India's Unexpected Crypto Adoption

47:00 - Tether's Investment in Gold and Bitcoin

55:51 - The Future of Money: Gold vs. Bitcoin

01:01:04 - AI and the Future of Labor

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://x.com/zoomerfied/status/1965022977986122116
https://x.com/paoloardoino/status/1963970499530399774
https://x.com/GwartyGwart/status/1963335764508643696
https://www.theblock.co/post/369420/india-leads-global-crypto-adoption-chainalysis?utm_source=telegram1&utm_medium=social
https://finance.yahoo.com/news/inside-look-uae-700-million-193253131.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJmztmDB6EOB8AvPo5_wrG1BFxxX3rm6-VJqiTd-PWIKlUhRCtUZJTd-YnxvQlQCaCpNqkY2jJYrLZhldgKLu9K2WImqlqrkqZL2z43487rBeJXoZJ_wgVDrVRa-CUFz_khNFnjofFGupKVvMEoIMn_8tMgll6FrpraD8DzUsQph
https://x.com/notgrubles/status/1963680872512790585
https://x.com/ccatalini/status/1964027763616358450
https://x.com/davidmarcus/status/1964055754648014852
https://x.com/brian_armstrong/status/1963375254526709879

Keep up with Michael: https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/

Connect with Onramp // Onramp Terminal // Jesse Kobernick on X

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make.

00:00 - Intro to Jesse Kobernick

05:10 - Bitcoin Treasury Companies: Promises vs Reality

23:55 - Retail Flows and Reflexivity

32:35 - Outlook and Risks for Bitcoin Equity Proxies

38:38 - Gold vs Bitcoin: A Century in One Chart

43:17 - Long Bonds, Fiscal Dominance, and the Risk-Free Myth

49:00 - Global Reserves Shift: Central Banks Buy Gold

51:57 - Self-Custody at Scale: Real Risks

01:22:11 - Multi-Institution Custody Explained

01:24:46 - ETFs and Single-Custodian Risk

01:28:44 - Market Structure and Cycle Paths

01:34:19 - Supercycle on the Table?

01:37:53 - Guardian Controls for Real-World Threats

01:49:40 - Outro and Disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Connect with Onramp // Jackson Mikalic on X // Chris Kuiper on X // Fidelity Digital Assets

Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets.

00:00 - Intro to Chris Kuiper & Onramp Institutional

05:27 - ETF era takeaways: record flows & advisor demand

11:17 - Ancient bitcoin supply selling into strength

14:12 - RIAs wake up: education & compliance hurdles

17:19 - Positioning bitcoin: non-sovereign monetary asset

23:27 - Bonds are impaired: rethinking the 60/40

29:28 - Institutional inertia: committees & career risk

37:25 - Structures over spot: custody & risk shifting

48:37 - Macro drivers: liquidity, stagflation, & expectations

55:57 - Volatility that pays: upside skew, gold baton

01:02:05 - Bitcoin’s bucket: risk-off vs risk-on; crypto baskets

01:07:14 - Outro & disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Market Overview

01:52 - Blockchain and Government Data Confusion

05:52 - The Rise of Prediction Markets

10:01 - Trump Media and Digital Assets

13:23 - Fed Policy and the Dollar's Reserve Status

19:36 - The Shift Towards Hard Assets

25:17 - The Future of Investment Strategies

32:14 - Career Risk and Market Dynamics

34:45 - The Mortgage Crisis and Real Estate Liquidity

36:15 - The Rise of ETFs and Financialization

39:41 - The Challenge of Outperforming Benchmarks

42:40 - The Importance of Small Allocations in Crypto

46:01 - The Role of Incentives in Financial Products

48:43 - CFTC's New Advisory on Offshore Exchanges

54:38 - Institutional Investors and the Crypto Dilemma

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://archive.ph/XFfSe
https://www.theblock.co/post/368295/trump-media-crypto-com-cro-token-treasury-funding
https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launchEktBp6GuTDvqhf3MZXIVFYfFFqAJd0Ov4pUL42sn7RDX-1hGRmECPS8DlqSLw%3D%3D
https://x.com/KobeissiLetter/status/1962235795622035767
https://x.com/elerianm/status/1962275798619914297
https://x.com/KobeissiLetter/status/1962532572015001630
https://www.nbcnews.com/politics/white-house/trump-removing-federal-reserve-governor-lisa-cook-rcna227138
https://www.bloomberg.com/news/articles/2025-08-25/us-etfs-eclipse-total-number-of-stocks-in-paradox-of-choice-for-investors?utm_source=substack&utm_medium=email
https://x.com/LukeGromen/status/1958522779331961319
https://cryptobriefing.com/offshore-crypto-trading-cftc-guidance/
https://x.com/LukeGromen/status/1959631878547259400
https://stanfordreview.org/uchicago-lost-money-on-crypto-then-froze-research-when-federal-funding-was-cut/

Keep up with Michael: https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/