Web3 Academy: Exploring Utility In NFTs, DAOs, Crypto & The Metaverse

In this episode of the Milk Road Show, Bitwise CIO Matt Hougan and Head of Research Ryan Rasmussen lay out their Top 10 predictions for 2026, and the message is clear: crypto is leaving its speculative adolescence and entering institutional adulthood.~~~~~

In this episode of the Milk Road Show, Kyle Reidhead breaks down why crypto is no longer one big market, why most altcoins were left behind, and why 2026 won't look anything like past cycles. Institutions did show up… just not where most people expected. Retail disappeared. AI stole attention and capital. And a handful of crypto use cases quietly kept winning under the hood.~~~~~

In this episode, we go deep into Delphi's 2026 Market Report to unpack the one liquidity chart most investors are ignoring, and why it could determine whether crypto breaks down… or breaks out over the next 12–24 months.~~~~~

In this episode of the Milk Road Show, we go past the price charts and hype cycles to look at the real mechanics of how crypto becomes part of global finance, and why it's been slower, messier, and more complicated than most investors expected.~~~~~

In this episode of the Milk Road Show, onchain analyst Matt Crosby breaks down why Bitcoin's price action in 2025 confused almost everyone, and why that confusion is the point. ETFs, long-term holder selling, institutional demand, and shifting macro forces have quietly rewired how Bitcoin moves, flattening volatility while changing what bull and bear markets even look like.~~~~~

In this episode of the Milk Road Show, the team breaks down what actually went wrong in 2025, and why that disappointment may have created the most bullish setup heading into 2026. This isn't price hype or cope. It's a macro-driven look at liquidity, market structure, Ethereum's evolving role, investor psychology, and why fundamentals kept improving while prices stalled.~~~~~

After months of chop, weak price action, and altcoin pain, most investors are asking the same question: why does crypto still feel broken when macro conditions are improving? In this episode, we go behind the scenes with Craig Birchall, Head of Lending & Financing for the Americas at FalconX, to unpack what actually happened under the hood of this market.~~~~~

In this episode, LG sits down with John Gillen for a raw, conviction-testing conversation about why this moment feels unbearable, and why that's exactly what makes it important. They unpack the growing disconnect between price action and fundamentals, why the four-year cycle narrative is misleading, and how Wall Street's sudden “innovation spree” is less confidence and more panic.~~~~~

Coinbase is positioning itself as the “everything exchange,” giving institutions one platform to trade across crypto, derivatives, and more with maximum capital efficiency. John D'Agostino, Head of Strategy at Coinbase Institutional breaks down how institutions actually think about drawdowns, why liquidity pulled back as market makers reduced risk, and why Solana and Base are emerging as real financial infrastructure.~~~~~

In this episode of the Milk Road show, Santi Santos breaks down why much of crypto may be fundamentally mispriced, why Layer 1 valuations are under serious pressure heading into 2026, and why the next wave of upside likely won't come from where most investors are still looking.~~~~~

In this episode of the Milk Road Show, we're joined by Julio Moreno, Head of Research at CryptoQuant, to break down what the onchain data actually says about Bitcoin's current market regime. Forget vibes, narratives, and hopium, this is a data-driven look at demand, ETFs, whales, leverage, and key technical levels that historically separate bull markets from bear markets.~~~~~

Bitcoin has never had better headlines. Institutional adoption. Government-level discussions. Tokenization of global markets. Stablecoins are eating traditional finance alive. And yet… price is stuck. In this episode of the Milk Road Show, Scott Melker breaks down why this market feels so frustrating, confusing, and exhausting, and why that might actually be the most dangerous phase for crypto investors. ~~~~~

In this episode of the Milk Road Show, Quigley delivers a blunt assessment of where crypto stands today: no clear pattern, no reliable upside, and a market that has quietly entered randomness. Bitcoin didn't collapse… but it also didn't deliver the upside that historically justified its risk. And once patterns break, investors lose their edge.~~~~~

Bitcoin was supposed to melt faces in Q4… so why did the rally die on the launchpad? Today, Jamie Coutts returns on the Milk Road Show to break down the real forces that killed the Q4 breakout, and why the setup for 2026 might be the most explosive since 2020.~~~~~

The crypto market has been a mess of fake-outs, liquidations, policy shocks, and “is this the top?” anxiety, but according to Jesse Eckel, all that pain wasn't pointless. It was the final act of the tightening cycle… and the setup for something much bigger.~~~~~

Ethereum has critics calling it “overvalued”… but what if everyone is looking at the wrong metric? In this episode, Dragonfly's Haseeb Qureshi breaks down the viral debate that took over Crypto Twitter, and explains why Ethereum today looks a lot more like Amazon in its early years than most investors realize.~~~~~

In today's Milk Road episode, we sit down with CMT Digital's Aryan Sheikhalian to uncover the one risk for Ethereum almost nobody in the industry wants to talk about… and why it could define the future of onchain finance.~~~~~

Circle isn't just building USDC. They're assembling the full operating system for global money, and in today's episode of The Milk Road Show, Circle CTO Nikhil Chandhok reveals the blueprint behind it.~~~~~

Crypto's in hard mode, and Zeneca is here to explain why that's not the death of the market… but the beginning of a smarter one. In today's episode, we dive deep into why the “easy money” era is officially over, what's changed beneath the surface of this cycle, and the three big opportunities Zeneca believes still have massive upside even in a tougher, more competitive market.~~~~~

Bitcoin feels like it's been stuck all year… but Bitwise says that's the wrong chart to watch.In today's episode, Matt Hougan and Ryan Rasmussen reveal what's happening beneath the surface and why this sideways chop is hiding the strongest structural setup Bitcoin has ever had.~~~~~

In today's episode, we sit down with Sid Powell, CEO of Maple Finance, to dig into the forces shaping crypto right now: the yen carry unwinding, liquidity shocks, the October flash crash, stablecoin expansion, and what 2026 actually looks like once the dust settles.~~~~~

In today's episode, Matt breaks down the exact charts, onchain signals, macro shifts, and psychological levels that forced him to hit the brakes, and the game plan he recommends for surviving this downtrend.~~~~~

In today's episode, Ready CEO Itamar Lesuisse joins us to reveal how self-custody, stablecoins, and onchain payments are quietly turning wallets into full-blown neobanks… and why traditional banks aren't ready for what's coming next.~~~~~

In this episode, Arthur breaks down the reason Bitcoin crashed, why the bottom is already in, and how a massive liquidity wave could send crypto vertical into 2026. Forget the ETF headlines and the fear-and-greed memes, Arthur explains what's actually driving the market, and why most traders are still looking in the wrong direction.~~~~~

Crypto sentiment has been in the gutter… but what if the market is completely misreading what's actually happening? In this episode, Avichal Garg and Jesse Eckel break down why the next 18 months may be one of the most structurally bullish setups crypto has ever had, even as everyone else is calling for a bear market.~~~~~

Bitcoin just bounced… but is this the real bottom forming, or the exact kind of pump designed to sucker everyone back in before another leg down? Today, Fefe, one of the only creators who publicly called the top in October, breaks down why he still believes every bounce could be exit liquidity, why market-structure has already confirmed a deeper correction, and what signals he's watching to spot the real reversal.~~~~~

The crypto market just survived a three-standard-deviation crash… and according to Coinbase's Head of Institutional Research, the most important liquidity signal in crypto is about to flip bullish. In today's episode, David Duong breaks down why Bitcoin fell off a cliff, why December could mark a major turning point, and the macro forces that almost everyone is mispricing.~~~~~

In today's episode, Johann Kerbrat reveals the strategy behind their rapid expansion, their Bitstamp acquisition, their new Ethereum L2, and why they believe tokenised assets will reshape global finance.~~~~~

In today's episode of The Milk Road Show, we dig into the reasons the market is dropping, why institutions are loading up, and why this crash might actually set the stage for one of the strongest long-term bull cases in years.~~~~~

Today, we sit down with SharpLink CEO Joe Shalom, one of the sharpest institutional minds in the space, to break down why tokenized assets, ETH restaking, institutional accumulation, and the rise of Digital Asset Treasuries could send Ethereum into a full-blown parabolic phase.~~~~~

In this episode of The Milk Road Show, Michael reveals the exact signals that made him flip bearish, why Bitcoin may retest the 60–70K “fair value zone,” and what conditions would finally make him bullish again. If you want to understand whether we're entering a new bear market or just cleaning out leverage, this is the episode you can't skip.~~~~~

In this episode, Kyle cuts through the fear with actual logic: macro is still supportive, inflation fears are mostly nonsense, AI is reshaping liquidity flows, and crypto's biggest problem right now isn't price, it's structure. ~~~~~

In today's episode, we're joined by Delphi Digital's Jason and Ceteris, two of the most trusted analysts in crypto, to unpack what really caused the $30 billion wipeout, why the market's still bleeding, and where the next bottom might be hiding. October 10th wasn't just a bad day. It may have kicked off a full-on regime change in the crypto market.~~~~~

Bitcoin's next major rally might not come from retail FOMO, ETFs, or even the halving, but from Wall Street credit markets built directly on top of Bitcoin. In today's episode, Strategy CEO Phong Le breaks down how his company raised $20B+ in 2025, invented an entirely new class of Bitcoin‑backed securities, and why products like Stretch, Stride, and Strike could become the hidden engine behind Bitcoin's next explosive move.~~~~~

In today's episode, trader and educator Koroush AK joins us to deliver a reality check: the days of “everything goes up” might be gone forever. With over 11 million tokens now flooding the market, the classic altcoin cycle playbook no longer works, and Koroush breaks down what's replacing it.~~~~~

What if crypto's brutal UX wasn't a flaw but a feature… for machines? In this episode, Bitcoin OG Erik Voorhees joins us to reveal why crypto wasn't built for people; it was built for AI. From launching ShapeShift to building Venice AI, Voorhees has seen every major cycle. But today, he lays out a thesis few are talking about: that AI will adopt crypto faster than humans ever could, and privacy isn't just a human right, it's a machine necessity.~~~~~

In this episode, we sit down with Matt Crosby from Bitcoin Magazine Pro, one of the sharpest data-driven analysts in the game, to unpack whether this bull market is just catching its breath or already topping out. Matt gets into onchain signals, volatility compression, ETF flows, and why the current cycle looks nothing like 2017 or 2021.~~~~~

In this episode, Cosmo Jiang (General Partner at Pantera Capital) breaks down exactly how Solana could grow into a multi-trillion-dollar asset, and why institutions are betting big while retail investors check out. We get into the rise of DATs, how Pantera's Solana Company is outperforming top validators, and the secret playbook for growing Solana-per-share faster than simply holding spot.~~~~~

In today's episode, we sit down with John Wang, Head of Crypto at Kalshi, the fastest-growing regulated prediction market on the planet. With $4.5B in volume last month alone, Kalshi is turning heads, and turning “bets” into legitimate financial instruments.~~~~~

In this episode of The Milk Road Show, we sit down with the Bitwise Boyz (Matt Hougan & Ryan Rasmussen) and Jesse Eckel to unpack the biggest “misread” in crypto right now, and why what looks like chop… might actually be the final setup before liftoff. We're talking silent IPOs, OG capitulation, ETF inflows, TGA liquidity, and how the real bull run may not be about the four-year cycle at all. ~~~~~

Crypto isn't the narrative driver anymore; it's the infrastructure layer powering the real exponential stories: AI, energy, and robotics. From why altcoins are cooked, to how AI spending is fueling Bitcoin's next run, Kyle explains why investors need to stop waiting for altseason and start thinking bigger. We're not saying crypto is over. We're saying the way you invest in it has to change, fast.~~~~~

In this episode, Scott Melker joins the show to break down why BTC has barely moved despite billions in selling pressure, why altcoins are still getting obliterated, and why the real bull market might already be happening, just not where crypto investors are looking.~~~~~

Peter Schiff is back, and he's not pulling punches. The legendary gold bull and long‑time Bitcoin skeptic joins the Milk Road Show to explain why he believes gold is the only real money left standing and why Bitcoin is just “digital nothing.”~~~~~

Quantitative tightening is done. Rate cuts are coming. Liquidity is shifting, and Andy says this is the moment Bitcoin breaks out, altcoins rotate, and AI crypto goes vertical. But don't get too comfortable… because 2026 might wreck the unprepared. In this episode, we dive into the real impact of the Fed's pivot, why Bitcoin may hit new all-time highs before year-end, and how to play both the hype and the fundamentals before institutions flood in.~~~~~

In today's episode, we're joined by Izzy and Kean from Lido to break down how institutions are finally stepping into ETH staking and how Lido's partnership with VanEck is creating the first 100% staked ETH ETF. But that's just the start…~~~~~

Everyone's watching Solana for memes, speed, and hype, but that's not what will make it explode. In this episode, Kash Dhanda, CEO of Jupiter, reveals how DeFi is becoming Solana's real growth engine, powering lending, stablecoins, prediction markets, and onchain credit that could make Solana the most valuable L1 in crypto.~~~~~

Rate cuts, QT ending, CPI cooling, and Trump possibly cutting a deal with Xi, all while Bitcoin and Ethereum flip bullish on the charts. Is this the new bull regime? Lark Davis joins the show to break down why this macro environment mirrors 2020… and why it could send BTC to $160K faster than most think.~~~~~

In today's episode, Milk Road PRO researcher Martin Toman joins the show to explain why he's completely unshaken by Q4 volatility, what he sees coming next, and why he's betting big on Galaxy Digital and the next wave of adoption. ~~~~~

Why is gold pumping while Bitcoin stays flat, even though ETFs are buying more Bitcoin than miners can produce? In today's episode, Bitwise CIO Matt Hougan and Head of Research Ryan Rasmussen join us to explain why Bitcoin is following gold's exact path. ~~~~~

In this episode, we break down the 2025 State of Crypto report from a16z, one of the most comprehensive annual reviews of the crypto industry. Jay is joined by Darren and Robert from a16z Crypto to walk through the most important findings in the report, and to explore what they reveal about the evolving infrastructure, use cases, and investment opportunities across the crypto ecosystem.~~~~~

Is this the beginning of the end for ETFs? In this episode, we sit down with Matt Zhang, founder of Hivemind Capital, to unpack the rise of DATs, which might completely rewrite the rules for crypto exposure, institutional adoption, and long-term token value. ~~~~~