John D'Agostino, Head of Strategy at Coinbase, joins Frank Chaparro to unpack the next phase of market structure: tokenized equities, pre-IPO perpetuals, prediction markets, and the move toward a 24/7 "everything exchange."

John argues the market is panicked, not apathetic, and that panic has historically been the buying signal. He shares the framework he developed with economist Nouriel Roubini for separating productive bubbles that leave real infrastructure behind from inert ones that leave nothing, and explains why putting every asset on a common platform actually makes lending safer.