Jim Perillo from Figment Capital sits down to talk why applications beat infrastructure, the early call on HIP-3, and leverage tokens as a smarter way to get leverage. Plus the token versus equity problem, and the story behind his Wall Street Journal Katana win.

0:00 From KPMG Tax Advisor To Crypto VC

6:22 How Figment Pivoted From Infrastructure To Applications

11:54 The Predicate Thesis And Middleware Investing

16:40 MegaETH And Bedlam Research's Early HIP-3 Call

20:40 Leverage Tokens As An Alternative To Active Management

26:01 Why Figment Passed On Hype And SOL On The Public Side

27:13 Zcash, VVV And The Token Versus Equity Problem

30:22 Winning The Legend Trade Series And The Wall Street Journal

34:59 The Solana Versus HyperLiquid Hater Wars

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss the stock pullback on soaring yields and Fed hike fears, Andrej Karpathy leaving OpenAI to join Anthropic, and VVV ripping twenty three percent on the AI trade.

0:00 Introduction

0:26 Crypto Headlines and Web3 Roundup

5:35 Bread On Rhinotic's 10K Tokens Experiment

14:42 V1 Punks About To Flip Pudgies

16:45 Stocks Slide On Surging Yields And Rate Hike Fears

21:04 Are Stocks Still A Buy Near All Time Highs

25:55 Why Bitcoin And ETH Look Lethargic

28:40 HyperLiquid Pushes Towards Fifty Dollars

32:23 Bread Skeptical Of The Zcash Privacy Narrative

39:55 Andrej Karpathy Joins Anthropic

42:51 Sam Altman Offers Two Million In OpenAI Tokens At YC

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss the SEC's potential innovation exemption for tokenized stock trading, Trump calling off the Iran attack after Gulf intervention, and Elon Musk losing his case against OpenAI.

0:00:00 Introduction

0:00:28 Crypto Headlines and Web3 Roundup

0:04:57 What's Catching Our Attention In The Market

0:06:43 Do You Still Need To Hold Bitcoin When Hype Exists

0:13:33 Why Hyperliquid Is A Comfortable Hold In A Bear Market

0:17:18 SEC Innovation Exemption For Tokenized Stocks

0:23:19 Tokenized Stocks Open US Markets To The World

0:26:19 Do Voting Rights Matter For Tokenized Equities

0:29:07 Can You Just Size Into Bitcoin Zcash And Hyperliquid

0:35:01 Investing In Moats Not Assets

0:36:49 Breaking Down Near And The AI Crypto Vertical

0:41:16 Trump Calls Off The Iran Attack

0:46:47 Record Margin Leverage In South Korean Stocks

0:51:54 Elon Musk Loses His OpenAI Case

0:56:04 Agentic Workflow Updates Codex Mobile And Hermes

The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss Bitcoin sliding toward 77K as Iran tensions re-emerge, SpaceX going live for trading on Hyperliquid ahead of its record-breaking IPO, and why rising bond yields point to inflation pressure building.

0:00:00 Introduction

0:00:30 Crypto Headlines and Web3 Roundup

0:05:55 The AI Efficiency Shift In How We Work

0:17:11 Phunky On Whether AI Could Replace The Hosts

0:20:00 Why IRL And Human Connection Stays Valuable

0:22:49 Bitcoin Slides Below 80K On Iran Tensions

0:26:34 Bond Yields Rise As Inflation Fears Build

0:31:34 Warsh Wants To Change The Fed's Inflation Gauge

0:37:11 Rate Hike Odds Climbing On Polymarket

0:39:01 Cutting Crypto Exposure And Holding Cash

0:46:43 RoboStrategy Trade Breakdown

0:52:09 SpaceX Opens For Trading On Hyperliquid

0:55:25 What SpaceX Means For Hype And Tesla

0:59:03 Regulation As A Bull Case For Hyperliquid

The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss how Hyperliquid became the pre-market price discovery venue for the Cerebras IPO, Coinbase becoming the official USDC treasury deployer on Hyperliquid, and Trump's newly disclosed active single stock trading.

00:00 Introduction

00:24 Crypto Headlines and Web3 Roundup

06:29 S&P Hitting Record Highs And Robo Strategy

09:55 Nvidia H200 Chip Sales To China Approved

10:39 Cerebras IPO Priced By Hyperliquid Pre-Market

13:24 What Happens When OpenAI And SpaceX IPO

19:13 Hyperliquid's Regulatory Achilles Heel

21:20 Coinbase Becomes Official USDC Treasury Deployer

29:30 Hyperliquid Jeff On Liquidity And Alignment

33:01 Where Does HYPE Go From Here

35:54 Unstaking Queue And $151M Of HYPE In Motion

39:53 Is Crypto Maturing Enough To Hold Longer

44:36 Trump's Active Single Stock Trading Revealed

47:39 Ten-Year Yield Past 4.5 And Inflation Pressure

51:19 Lessons From The 2022 Hiking Cycle

54:08 Does Republican Or Democrat Matter For Markets

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss Bitcoin sliding below $80K while stocks keep ripping, Trump's state visit to China with a CEO delegation, and the Cerebras IPO pricing at $185 per share.

00:00 Introduction

00:28 Crypto Headlines and Web3 Roundup

05:25 Robot Strategy and the Case for Robotics Exposure

10:50 Getting Space Exposure and Knowing Your Edge

17:08 PPI Comes In Hot, Stocks Shrug It Off

19:43 Why Crypto Is Weak While Tech Rips

24:46 Bitcoin's Narrative Is Fading

32:52 Sugar Trade Idea via Tether's Adecoagro

39:44 Trump in Beijing and the US-China Reset

44:54 British Empire, the Opium War and Trade Imbalance Parallels

48:23 Cerebras IPO and What Hyperliquid Is Pricing In

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

Lindsay Fraser from Blockchain Association joins to discuss the CLARITY Act, stablecoin rewards, and the U.S. path to crypto market structure.

She breaks down the Senate process, DeFi protections, and why regulatory certainty could arrive before August recess.

0:00:00 Interview with Lindsay Fraser from Blockchain Association

0:02:05 Blockchain Association's role in aligning crypto stakeholders

0:05:32 Stablecoin rewards, banking pressure, and GENIUS Act compromise

0:10:30 Activity-based rewards and future rulemaking questions

0:13:34 Ethics language, DeFi definitions, AML, and privacy tensions

0:16:28 Blockchain Regulatory Certainty Act and developer protections

0:20:20 How the CLARITY Act moves from committee to the president's desk

0:23:21 Senate vote math, House reconciliation, and August timeline

0:26:40 Lindsay's move from Uniswap to Blockchain Association

0:29:48 Building crypto regulation from the ground up

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss the S&P rebound above 7,400, hot U.S. inflation hitting 3.8%, and Google and SpaceX exploring orbital data centers.

0:00:00 Introduction

0:00:49 Crypto Headlines and Web3 Roundup

0:04:25 Bread returns from Korea and Paper tweet drama

0:09:09 Hot CPI print raises rate-cut and hike-cycle questions

0:14:16 Legendary's Market Overview

0:18:34 AI stocks, portfolio rebalancing, and top signals

0:21:07 Cerebras IPO watch and RoboStrategy BOT pullback

0:27:23 Paper launches fair-launch perps on Hyperliquid

0:30:38 Paper token mechanics and HyperEVM throughput concerns

0:33:40 Google and SpaceX explore orbital data centers

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

A conversation with Andy, co-founder of Mnstr, the on-chain TCG platform building on MegaETH around Pokemon cards, One Piece, graded slabs and gacha packs. We dig into the 85% perpetual buyback, why Fractional shut down, and the state of the trading card market right now.

0:00 Introduction

0:02 From DeFi Summer Degen To NBA Top Shot Aper

0:04 Why Fractional Shut Down And Returned Investor Money

0:07 Established IP Beats Nascent NFT Collections

0:09 Gacha And Repacks As A Gamified Shopping Experience

0:13 Inside Monster's Packs And The 85% Perpetual Buyback

0:18 NFT PTSD And Why The TCG Market Feels Toppy

0:20 Gacha Platforms Are Massive Buyers At Card Shows

0:23 Why Vintage Cards Beat Modern For High-End Buying

0:25 What's Next For Mnstr — One Piece, Sports, Mobile App

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.

In this episode, we discuss the S&P closing at a new all-time high above 7,400, HIMS dropping 18% on a Q1 earnings miss, and OpenAI launching its own Deployment Company.

0:00:00 Introduction

0:00:29 Crypto Headlines and Web3 Roundup

0:05:01 The Unitree Mecca And Why The EU Will Ban It

0:13:51 S&P Closes Above 7,400 With Semis Carrying The Index

0:21:36 HIMS Drops 18% On Earnings Miss And The Peptide Market

0:32:49 OpenAI Launches Its Own Deployment Company

0:39:00 Trump Brings Top US CEOs On China Trip

0:43:42 Dell Hits All-Time High After Trump Endorsement

0:46:18 Andrew Kang's RoboStrategy And The SanDisk Storage Rip

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.