Podcasts about FTX

More To The Story: Ben McKenzie might seem like an unlikely choice to launch an investigation into the complicated world of cryptocurrency. But the television actor known for shows like The O.C. and Gotham did exactly that. His documentary film, Everyone Is Lying to You for Money, is a deep dive into the people and companies at the heart of crypto. The film focuses on McKenzie's journey to discover why people continue to invest in digital currency even while knowing the risks of this highly under-regulated market. On this week's More To The Story, McKenzie shares his concerns for what he calls the cult-like behavior of those investing in digital currency, talks about his interview with disgraced FTX founder Sam Bankman-Fried just months before his arrest, and discusses the poignant conversations he had with everyday people who trusted the power of digital currency and lost everything—yet are still crypto believers.Producer: Josh Sanburn | Editor: Kara McGuirk-Allison | Theme music: Fernando Arruda and Jim Briggs | Copy editor: Nikki Frick | Digital producer: Artis Curiskis | Intern: Joni Binder | Deputy executive producer: Taki Telonidis | Executive producer: Brett Myers | Executive editor: James West | Host: Al LetsonRead:Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud (Abrams Press)Watch:Everyone Is Lying to You for Money (The Forge)Listen:The Secret Story of FTX's Rise and Ruin Part 1 (Reveal)Listen: So You Don't Understand Crypto. Buckle Up. (More To The Story) Donate today at Revealnews.org/more Subscribe to our weekly newsletter at Revealnews.org/weekly Follow us on Instagram and Bluesky Learn about your ad choices: dovetail.prx.org/ad-choices

El portafolio de inversiones de FTX y Alameda fue uno de los más agresivos del ciclo cripto 2020-2022: Anthropic, Cursor, Solana, Robinhood y SpaceX. Se vendió por $18,000 millones en la bancarrota. Hoy valdría más de $78,000 millones. -------------------- (00:00) — Intro (01:25) — Bienvenida (02:22) — El portafolio de FTX y la tesis del episodio (06:25) — FTX y Alameda: la máquina de venture con dinero de clientes (07:44) — El colapso de FTX, el bank run y la experiencia personal de Javier (11:53) — Quiénes compraron barato: el caso de ProfG (Scott Galloway) (13:51) — Anthropic y Cursor: las joyas del portafolio (18:18) — Robinhood, Solana, SpaceX y el resto de las posiciones (23:43) — Lección: separar la convicción de la estructura (24:37) — Custodia, tamaño de posición y cierre del episodio (27:33) — Disclaimer -------------------- LA INFORMACIÓN DE ESTE PODCAST NO ES UNA RECOMENDACIÓN DE INVERSIÓN Nada de lo contenido en este podcast constituye asesoría fiscal, contable, regulatoria, legal, de seguros o de inversiones, ni representa una oferta, solicitud o recomendación para comprar, vender o realizar cualquier operación con valores, esquemas de inversión colectiva, instrumentos financieros o servicios.

This is not a normal week...Because Crypto Curious has just hit 1 million downloads — and you can't have a celebration like that without getting the gang back together.So joining us this week is the one and only Craig Jackson, our original partner in crypto, who was here for more than half of the almost five years we've been making this show.

The Wild Rise and Fall of Leopold AschenbrennerLISTEN AD-FREE!!

Last week, 24-year-old Leopold Aschenbrenner — former FTX staffer, ex-OpenAI researcher, and author of the viral 165-page essay "Situational Awareness" — managed to lose roughly two-thirds of his $45 billion hedge fund in a matter of weeks. The margin calls arrived during his wedding weekend.In this video I break down how a trader with no professional experience raised billions from Silicon Valley, why his AI "hedge" wasn't a hedge at all, and how leverage plus a concentrated bet on artificial intelligence stocks turned a great-looking expected return into a catastrophic outcome. Along the way we look at the cultural gap between Silicon Valley and Wall Street, why Ken Griffin's Citadel ended up buying the collapsing portfolio in an overnight fire sale, and the maths of volatility drag — the reason a high expected return can still drag an investor's typical outcome straight into the ground.It's a story about leverage, risk management, expected versus median returns, and what happens when you go "full Kelly." Featuring reporting from the Wall Street Journal, The New York Times, Bloomberg, and the Financial Times, plus Victor Haghani's lessons from The Missing Billionaires.

“By operating in secrecy, they're able to avoid or evade accountability — and, in many instances, engage in anticompetitive behavior or even fraud.” — Renée M. Jones on unicorns Twelve years ago there were 39 unicorns — private companies worth a billion dollars or more. Today there are over 1,400, collectively valued above $7 trillion, with the twin beasts of Anthropic and OpenAI at the front of the herd, driving the entire American economy. A good thing, surely? Not according to Renée M. Jones, the SEC's chief regulator of corporate finance from 2021 to 2023 and author of Untamed Unicorns: Why Startup Finance Is Broken and How to Fix It. The former SEC big game warden worries that this stampede of wild unicorns might be driving the entire American economy off a cliff. Her problem isn't that these private companies exist. It's that we know almost nothing about them. That's because of changes in the law since the Nineties that have lifted the hundred-investor cap on private funds, thereby enabling them to mushroom from under $1 trillion to $17 trillion. Add secondary markets where insiders quietly cash out, and the IPO becomes optional. And so we know almost nothing about companies like Anthropic and OpenAI with private valuations in the hundreds of billions of dollars. The result is what Jones calls the founder-friendly model of Facebook, Uber or Airbnb. With super-voting shares at ten votes apiece, founders effectively choose their own bosses, thereby stripping investors of the power to discipline anyone. Think Travis Kalanick and Mark Zuckerberg. Think Theranos, WeWork and FTX. Unicorns are named, of course, for their impossibility. Not so long ago, nobody could imagine a private company worth more than a billion dollars. However, with $7 trillion now on the table, Jones is concerned about the health of the American startup economy. On the brink of the OpenAI and Anthropic IPOs, I fear Renée Jones might be right about the dangers of a real crash triggered by the stampede of these mythical creatures. Jurassic Park is now playing in Silicon Valley. Pass the popcorn. Five Takeaways •       The $7 Trillion Secret. The unicorn was named for its rarity: 39 existed twelve years ago. Today there are more than 1,400, worth over $7 trillion — roughly 1,100 in America, nearly 300 in China — and the biggest of them shape the economy while disclosing essentially nothing. That is Jones' target: not the billion-dollar valuations but the secrecy. A billion-dollar private company faces neither the disclosure rules nor the governance requirements of a public company its size, which means accountability arrives only by accident — a scandal, a frustrated investor, a whistleblower calling a reporter. Everything else stays dark.•       How the IPO Died. Startups once went public within five to seven years, for two reasons: growth capital lived in public markets, and the 500-shareholder rule forced large private companies to register — it's reportedly why Google and Facebook held their IPOs at all. Both reasons were legislated away. NSMIA (1996) uncapped private funds, whose assets exploded from under $1 trillion to $17 trillion; the JOBS Act (2012) moved the trigger to 2,000 shareholders with employee shares exempt; and secondary markets — Forge Global, Nasdaq Private Market, EquityZen — let insiders cash out without a prospectus. The IPO became a liquidity event rather than a necessity. Only AI's bottomless capital hunger, Jones notes, is pushing OpenAI and Anthropic toward the public markets at all.•       Founders Choosing Their Bosses. The founder-friendly model gives startup founders super-voting shares — ten votes to one — letting them control the board that supposedly controls them. Venture capitalists lost their traditional power to discipline or dismiss a misbehaving founder: Uber's investors, lacking the votes to oust Travis Kalanick, had to stage a coup via press leak. And the VCs are conflicted anyway — exposing fraud destroys the exit they're invested in. Jones' answer to the Google-and-Facebook counterargument is historical: dual-class structures were invented at those companies precisely to coax their founders into IPOs, and they now arrive by the second or third funding round — so the governance rot starts earlier and, as Zuckerberg demonstrates, persists indefinitely after the public offering.•       The Fraud Files — and the Social Bill. FTX. Theranos, which hid parts of its lab from inspecting regulators. WeWork, whose IPO filing finally told the truth about the spending and self-dealing — whereupon the public refused to buy, the company limped through a SPAC into bankruptcy, and employees who had borrowed money to exercise options and pay taxes were left holding worthless paper. (The VC money lost, Jones notes, is substantially public pension money anyway.) Beyond the frauds lies the social bill of the below-cost blitzscale: taxi drivers destroyed and then prices raised; passengers assaulted under lax background checks; Airbnb's uncollected occupancy taxes, underinvested security, and name-based discrimination. A culture of outrunning the law, Jones argues, gets baked in — and firms powerful enough simply change the law, as Uber and Lyft did to driver-classification rules in California and Massachusetts.•       Not Teddy — Franklin. Asked whether the coming reckoning demands a new Teddy Roosevelt — Casey Michel's prescription on this show days earlier — Jones reaches a generation later: Franklin's New Deal securities acts of 1933 and 1934, which made disclosure the price of other people's money and worked for ninety years. Since the 1980s the architecture has been chipped into optionality, and the SEC is now dismantling Sarbanes-Oxley and Dodd-Frank protections while deregulating public markets too. Her remedies: disclosure to employees paid in options they cannot value, and disclosure in the largest private offerings — because investors of any sophistication cannot make responsible decisions while investing blind. Andrew's closing verdict: I hope she's wrong. I suspect she's right. About the Guest Renée M. Jones is Professor of Law and Dr. Thomas F. Carney Distinguished Scholar at Boston College Law School, where she has taught corporate and securities law for nearly a quarter century. From 2021 to 2023 she served as Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission — the nation's chief regulator of capital formation. A graduate of Princeton University and Harvard Law School, she is the author of Untamed Unicorns: Why Startup Finance Is Broken and How to Fix It (Harvard University Press, August 4, 2026). References: •       Untamed Unicorns: Why Startup Finance Is Broken and How to Fix It by Renée M. Jones (Harvard University Press, August 4, 2026). Jennifer Taub: “This essential book, replete with details and drama.”•       The National Securities Markets Improvement Act (1996) and the JOBS A...

Amazon went public three years after it was founded. SpaceX stayed private for 24 years. What changed and why does it matter? The standard story is that companies avoid an IPO because public markets carry too many government rules and too many lawyers looking to sue. Renee Jones, law professor, former SEC official, and author of the new book Untamed Unicorns: Why Startup Finance Is Broken and How to Fix It, makes the opposite case. Jones argues what changed was the deregulation of private markets, driven by decades of industry lobbying. Due to decisions in Washington, companies became able to raise billions privately and there was no reason to go public . You could get the capital and keep total control, without ever having to disclose anything to regulators. If you've never bought a share of a startup, you might assume none of this touches you. But most of the money flowing into these private markets comes from pension funds and retirement accounts, meaning ordinary savers are already invested in companies whose books they'll never see. Connect with us:

Guy Swan on learning the wrong lessons. The takeaway circulating is "go with the biggest company," which forgets Mt. Gox and FTX and everything else proving size is not safety. His analogy: when a libertarian politician betrays you, libertarianism didn't break, you got scammed. He wants a rule that works forward. His sharpest point: "I don't want a rule that only works in hindsight." Anyone can now point at the source-available license. The useful question is what indicator predicts the next failure before it happens. His own heuristic broke in both directions. He had trained himself not to dismiss builders for being abrasive, and now concludes that for security specifically, a maintainer who attacks people reporting problems is telling you something. Yan Pritzker paired it with the engineering version: without a culture of safety, people stop surfacing mistakes. James O'Beirne's tripwires. He seeded wallets on-chain carrying graduated entropy over broken Coldcard seeds, five dice rolls, ten, fifteen, one and two-word passphrases, as bait. The bare seed was swept within an hour and nothing else has moved, mapping attacker capability live. The red team's numbers. Rob Hamilton and Calle have scanned over 300 repos and spent roughly $40,000 on tokens in two days, finding critical vulnerabilities at about one per person per hour. OpenSats is now funding most of that budget. Every company needs an agentic security pipeline. Yan's argument: agents are non-deterministic, so one scan proves nothing. The real work is harnesses that find, test, distill and reproduce on a loop. Swan has been building this for six to twelve months. The asymmetry is the whole problem. Attackers need one vulnerability, defenders need all of them, and the economics favor the attacker. Some have been paying up to 90% of stolen funds in fees to get transactions mined quickly. A fake Coldcard desktop app is circulating. No such application has ever existed. Trezor reported a phishing spike since disclosure, and a counterfeit Wasabi wallet reached an app store. Nobody legitimate asks for recovery words, and unsolicited migration instructions are always hostile. Yan's read on whether this repeats. He calls the bug exotic: entropy wasn't weak, it was switched off entirely. Scans across the popular hardware wallets show correct and consistent entropy use, so he thinks this specific failure is unlikely to recur elsewhere. Government overreach, the other half of the show. Suz on Liechtenstein's beneficial ownership register, roughly 31,000 entities, built in 2021 for EU anti-money-laundering compliance and now breached and offline. Yan on the Bank Secrecy Act's 1970 threshold, never inflation-adjusted, capturing dramatically more data for near-zero measured effect.

In Silicon Valley, a "unicorn" is a private startup with a net worth of $1 billion. As the term suggests, these were once incredibly rare creatures. Most startups would go public within 4-7 years, long before they had a $1 billion valuation. But two key pieces of legislation made the rare into the rampaging, starting in 1996. In her new book, Untamed Unicorns: Why Startup Finance is Broken and How to Fix It, Renée M. Jones warns that by staying private and shielded from oversight and disclosure, these startups could be endangering the stability of our financial system. Jones, who served as the director of the Securities and Exchange Commission's Division of Corporation Finance under President Joe Biden, shows how these tactics were used (and misused) by startups like FTX, WeWork, Uber and Theranos. "One of the big concerns is that startups are taking advantage of the secrecy to engage in, we could call it 'antisocial' or 'unsocial' behavior, but there are not really any mechanisms for the public to really see what's going on," Jones tells Modern Law Library host Lee Rawles. "If Theranos's investors and directors understood that they were going to have to go public and prove that the product worked, they would've been more demanding on Elizabeth Holmes most likely, and they wouldn't have been able to get away with all of those lies." A big concern Jones has is with the recent push by private equity companies to allow regular retail investors and 401K plan managers to invest in these opaque and risky private startup companies. "That includes private equity, it includes infrastructure. It could even include crypto. Again, these are illiquid assets," says Jones. "There's no ready market for those shares. And they're high risk assets and there's not a lot of information to even know, 'What am I actually invested in?' " "If the Department of Labor's plans are adopted, you're going to have to really work hard to avoid having any private equity in your 401k plans," Jones warns. "There's a risk that these overvalued assets are going to be transferred from professional investors who can act to protect their interest to sort of your average, unsophisticated 401k saver." In this episode, Jones shares her advice for reforming the oversight of these companies, warning signs that financial novices should be on the look for, and introduces a new creature to the financial bestiary: the centicorn.

Wall Street's transfer agents want issuers, not outside platforms, to control tokenized stock. Securitize's CEO says the alternative invites insider trading. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cape⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). ======================================================== Securitize took itself public twice this year: once through a direct listing, and once by tokenizing more than $265 million of its own stock via a SPAC with Cantor Equity Partners, testing whether Wall Street lets equities trade onchain. Carlos Domingo, founder and CEO of Securitize, joins Laura Shin to argue that much of crypto's tokenized stock boom is unauthorized, offshore paper exposing investors and issuers to real legal risk, and to make the case that transfer agents, not outside platforms, should control what gets tokenized. They cover Rule 611, the SEC rule locking onchain and offchain share prices together, the Securities Transfer Association's push for issuer authorization, and a Netflix stock split that left an unauthorized derivative trading five times off. Domingo also lays out Securitize's NYSE partnership, launching tokenized trading in the fourth quarter. The SEC is now weighing whether to unwind the rule that keeps those prices identical, with real stakes for how equities trade next. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guests: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Carlos Domingo - Founder and CEO of Securitize Timestamps

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: The COLDCARD hack explained — the first time a major self-custody device has been compromised at scale, and what you need to know Why this hack is different from Mt. Gox, Bitfinex, and FTX and why it matters more for everyday Bitcoiners Strategy confirms it will no longer put 100% of capital raises into Bitcoin — here's what that actually means Three Fed members voted to raise rates, the most divided the FOMC has been in a decade over rate hikes A personal note on transparency, accountability, and my emergency episode on the COLDCARD hack (released on Friday, July 31) Coinkite advisory: https://blog.coinkite.com/coldcard-mk3-seed-generation-warning/  ---- Ledn has a perfect track record protecting over $11 billion in client value through every market cycle since 2018. And Tether Gold is now live on Ledn, giving you two of the most verifiably scarce, non-sovereign assets ever created, held side by side. Hard assets. Real flexibility. One platform. Get .25% off your first bitcoin-backed loan: https://www.Ledn.io/natalie ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  ---- This podcast is for educational purposes only and should not be construed as official investment advice. Always do your own research.

What does it take to build trust in an industry that has lived through repeated cycles of hype, collapse, and reinvention?In this conversation, I sit down with Kyle Sonlin, Co-Founder & President of Global Settlement Network, to discuss the founder's journey behind the technology.Rather than focusing on products, we explore:• Building through multiple market cycles• Leadership under pressure• Stewardship versus ownership• Lessons learned from the FTX era• What institutions need before they'll trust new technology• Why confidence—not hype—is the foundation of lasting systemsThis is a conversation about resilience, leadership, and the people building the future of capital markets.#CryptoHipster #Leadership #Entrepreneurship #Blockchain #Tokenization #CapitalMarkets #Stewardship #DigitalEconomy

Marc Andreessen, Chris Dixon, and Robert Hackett discuss one of the most consequential policy debates facing the crypto industry: the push for comprehensive U.S. market structure legislation and what regulatory clarity could mean for innovation, financial markets, and America's technological leadership. They explore the CLARITY Act, stablecoins, securities law, consumer protection, and why both builders and financial institutions are calling for clear rules of the road. Along the way, they discuss the lessons of the early internet, FTX, open financial networks, and why they believe thoughtful regulation can strengthen innovation rather than slow it down.   Resources: Follow Marc Andreessen on X: https://x.com/pmarca Follow Chris Dixon on X: https://x.com/cdixon Follow Robert Hackett on X: https://x.com/rhackett Follow a16z Crypto on X: https://x.com/a16zcrypto Why Bitcoin matters: https://a16z.com/why-bitcoin-matters/ What builders need to know about the CLARITY Act: https://a16zcrypto.com/posts/article/clarity-act-what-why-matters Stay Updated:Find a16z on YouTube: YouTubeFind a16z on XFind a16z on LinkedInListen to the a16z Show on SpotifyListen to the a16z Show on Apple PodcastsFollow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

a16z Cofounder and General Partner Marc Andreessen and a16z crypto Founder and Managing Partner Chris Dixon on why the CLARITY ACT matters. Congress is debating once-in-a-generation market structure legislation that could determine where financial and internet infrastructure gets built. Chris and Marc join host Robert Hackett to discuss why regulatory clarity matters, what the current policy environment has cost the United States, and what is at stake for developers, entrepreneurs, consumers, and the country's technological leadership. Marc also looks back at his influential 2014 essay “Why Bitcoin Matters,” when supporting crypto was still a deeply contrarian position, and reflects on how the technology and the political debate around it have evolved since. The discussion explores the lessons of earlier technology revolutions, the importance of giving builders clear rules, and why crypto policy is ultimately about much more than a single industry. It is about who gets to shape the future of money, markets, and the internet. Highlights 00:00 Intro 05:31 From crypto subculture to financial infrastructure 08:37 Why crypto needs rules now 12:20 The regulatory war on crypto 15:41 How CLARITY could prevent another FTX 22:42 Why criminals using crypto may be easier to catch 26:20 Privacy, blockchains, and the invention of HTTPS 30:41 Government ethics and crypto 34:52 The banking lobby's stablecoin fight 37:05 Why every major bank is building on blockchains 41:04 Developer liability as a killshot 45:23 How CLARITY provides oversight 49:30 What happens if CLARITY fails? 50:50 Regulation vs. innovation 54:12 Why America should lead 55:36 What CLARITY could unlock Links Marc Andreessen: https://twitter.com/pmarca Chris Dixon: https://twitter.com/cdixon Robert Hackett: https://twitter.com/rhackett Why Bitcoin matters: https://a16z.com/why-bitcoin-matters/ What builders need to know about the CLARITY Act: https://a16zcrypto.com/posts/article/clarity-act-what-why-matters Subscribe: https://www.youtube.com/@a16zcrypto Site: https://a16zcrypto.com/ X: https://twitter.com/a16zcrypto Newsletter: https://a16zcrypto.substack.com/ As always, none of the following should be taken as investment, business, legal, or tax advice. Please see https://a16z.com/disclosures for more important information, including a link to a list of our investments. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Crypto Rundown, Brendan and Tevo analyze the recent crypto market trends, Bitcoin performance, regulatory developments like the Clarity Act, and the impact of traditional finance on crypto. They also discuss tokenization, Robinhood Chain, and the recent failures in the crypto industry.Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.comCheck out Quince: https://quince.com/CRYPTO101Check out Shopify: https://shopify.com/crypto101Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.comCheck out NPR: https://npr.orgGet my #1 altcoin pick for this month.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Get immediate access to my entire crypto portfolio.. just $1.00 today! Go here to get access: https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Get your FREE copy of "Crypto Revolution: Your Guide To The Future of Money". In this book, I reveal how to make (and keep) a fortune during this crypto bull run! http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Chapters00:00 Intro and Market Overview01:32 Crypto Market Trends and Bitcoin Performance03:23 Bitcoin vs Traditional Assets: Monthly Performance08:10 Technical Analysis: Bitcoin Support and Resistance11:04 Market Sentiment and Relative Strength Indicators14:29 Industry Support and Regulatory Developments19:25 The Clarity Act: Support and Opposition23:14 Institutional Support and Tokenization Growth28:50 Crypto Industry Failures and Lessons31:47 Historical Bottoms and Buying Opportunities34:54 FTX and Industry Resilience36:43 Leverage and Industry BlowupsSubscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.com* Check out Quince and use my code quince.com/CRYPTO101 for a great deal: https://www.quince.com* Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

S umělou inteligencí začali experimentovat už na studentských kolejích, když si chtěli přivydělat a vymýšleli algoritmus, který by porážel profesionální hráče pokeru. Nakonec s ním vyrazili do Kanady, kde svůj nápad pilovali na tamní univerzitě, až ho koupila přední výzkumná laboratoř DeepMind patřící Googlu. Tehdy Martin Schmid a spol. naplno pronikli do velkého světa AI a nakonec se pustili i do vlastního byznysu. Jejich startup EquiLibre je sice nenápadný, ale úspěšně točí na burzách miliardy dolarů denně a velmi rychle roste. Nejzajímavější přitom je, že sami tvůrci nevědí, jak přesně jimi vyvinutá AI funguje.V rozhovoru se dále dozvíte:

Prediction markets, Lloyds of London as a model for prediction markets, Robin Hanson, Extropianism, DARPA, surveillance, Total Information Awareness, bionomic libertarianism, eugenics, cybernetics, Rationalist and prediction markets, Commodity Futures Trading Commission (CFTC), Michael S. Selig, cryptocurrencies, crypto's links to prediction markets, the CFTC as regulator of both prediction markets and crypto, retail trade/investors vs, institutional investors, derivates, Kalshi, Polymarket, federal vs. state as regulators of prediction markets, the role of prediction markets in surveillance, is Kalshi another FTX?, the role of Polymarket in the Maduro abduction, could prediction markets trigger a major recession?, do prediction markets herald the rise of "Assassination Politics"?, are prediction markets a threat to national security?, cyber libertarianism, do prediction markets have social utility?Music by: Keith Allen Dennishttps://keithallendennis.bandcamp.com/ Hosted on Acast. See acast.com/privacy for more information.

Anatoly Yakovenko is the co-founder of Solana, the fastest scaled blockchain in the world.We start by talking about how non-US residents were trading SpaceX on Solana pre-IPO, and which parlayed into the last 130 years of US financial markets.We then get into how Solana is removing eight layers of middlemen that make-up the legacy financial system, whether you actually need to use blockchain to do this, the 4am inspiration to start Solana, how Solana was 10,000x faster than Bitcoin, why a16z passed on investing then paid a 1,000x higher price, how launching Solana at the bottom of the market right as COVID hit led to their success, why AI won't take your job, growing up sharing one toilet with four families in the USSR, and playing competitive underwater hockey.Thanks to this episodes sponsors!Numeral: Sales tax on autopilot https://www.numeral.comFlex: Premium banking, 60-day credit, 0% APR https://home.flex.one/referral/bananacapitalAmplitude: AI analytics https://www.amplitude.comMerge: Every model, one API https://www.merge.dev/turnerMonaco: The revenue engine for startups https://www.monaco.com/Timestamps:(0:00) Trading SpaceX on Solana(3:02) Why Wall Street runs on 100 year old tech(10:51) US dominance created demand for tokenized stocks(13:58) Complexity reduces risk of the financial system(15:51) Do you need to use blockchain?(18:34) Privacy tradeoffs of public ledgers(23:45) Making a 10,000x faster blockchain(30:05) A new data structure based on time(32:54) Trading was Solana's first use case(37:41) Advice from his wife that led to Solana(40:05) Why a16z passed (then paid up 1,000x)(43:50) Rejection and COVID led to Solana's fast adoption(48:30) Best time to launch is the bottom of a market(52:56) Why Bitcoin and Ethereum were so slow(57:38) Rebuilding Solana with Alpenglow(1:01:23) 35% of all stablecoin volume runs on Solana(1:04:26) Motors replaced 200 billion jobs, AI will replace 100 billion(1:08:17) It's selfish to protest data centers(1:10:11) Growing up in the USSR: one toilet, four families(1:12:27) Culture shock moving to the US(1:13:23) Government spending is fake GDP(1:15:49) Playing competitive underwater hockey(1:18:01) Armani at Backpack(1:19:23) How Solana survived the FTX collapse(1:22:47) There won't be massive AI job lossReferencedSolana: https://solana.com/Jobs at Solana: https://jobs.solana.com/companies/solana-foundation-2Slow Ventures: https://slow.co/Foundation Capital: https://foundationcapital.com/Multicoin: https://multicoin.capital/Follow AnatolyTwitter: https://x.com/toly?lang=enLinkedIn: https://www.linkedin.com/in/anatoly-yakovenkoFollow TurnerTwitter: https://twitter.com/TurnerNovakLinkedIn: https://www.linkedin.com/in/turnernovakSubscribe to my newsletter to get every episode + the transcript in your inbox every week: https://www.thespl.it/

De bitcoinkoers staat op zo'n 65.700 dollar, omgerekend 57.900 euro, ruim 2 procent hoger dan vorige week. Tussendoor zakte de koers nog onder de 63.000 dollar, toen de oorlog met Iran weer oplaaide en de olieprijs richting de 90 dollar kroop. Toch zijn er kopers terug: de Amerikaanse bitcoin ETF's noteerden zes groene dagen op rij, goed voor ruim 900 miljoen dollar instroom. Groot nieuws is de val van Knaken, een Rotterdams cryptobedrijf dat sinds 2017 euro's omwisselde naar crypto. Eind mei ging het platform op zwart, en vorige week verklaarde de rechtbank Rotterdam het bedrijf failliet op verzoek van het Openbaar Ministerie. Volgens het OM ontbreekt er 7 miljoen euro aan klanttegoeden: het gaat om een faillissement, geen veroordeling, en er is niemand aangehouden. Knaken had geen vergunning van de AFM, terwijl Nederland met 28 vergunningen tot de Europese koplopers onder MiCAR behoort. De deadline van 1 juli werd niet gehaald, en de rechtbank wees een eigen verdeelplan af. Gedupeerden verenigden zich in het Knaken Collectief. In Amerika stapt Jack Mallers op als topman van Twenty One, het bitcoin treasurybedrijf met ruim 43.000 munten, na Strategy van Saylor de grootste voorraad. In april kondigde grootaandeelhouder Tether een driewegfusie aan met betaalbedrijf Strike en mijnbedrijf Elektron Energy, maar die gaat niet door: Strike blijft zelfstandig en Mallers vertrok afgelopen maandag. Opvolger Raphael Zagury wil zich richten op cashflow en kapitaaldiscipline. Het aandeel verloor dinsdag zo'n 15 procent, ruim 80 procent onder de piek van vorig jaar. Ook de Clarity Act, de Amerikaanse cryptowet, is in beweging. Het Witte Huis ging akkoord met een ethiekpakket, en woensdag publiceerden de Republikeinen een nieuwe wettekst van 616 pagina's: de president, hoge functionarissen, congresleden en rechters mogen geen crypto uitgeven zolang ze in functie zijn. De handhaving ligt bij het ministerie van Justitie, de bepaling vervalt in 2029, en kinderen vallen erbuiten, terwijl het cryptobedrijf van de familie Trump wordt gerund door zonen Don Jr. en Eric. Zeven Democratische senatoren zeggen dat de tekst tekortschiet. Deze week in de Cryptocast Een gesprek met Geale Simon Postma over de wonderlijke wereld van Solana. Ook daar merkt men de gevolgen van de bearmarket, maar de positiviteit is niet verdwenen. Bij Solana bouwen ze gewoon door en blijven de nieuwe features, vooral bij de populaire wallets, komen. Co-host is Jacob Boersma. Rechtbank Rotterdam verklaart cryptohandelaar Knaken failliet OM verzoekt faillissement van cryptocurrencybedrijf Knaken FD over het faillissement van cryptohandelaar Knaken NOS over 7 miljoen euro zoekgeraakt klantengeld bij Knaken FD over gelijkenissen tussen Knaken en het FTX fiasco Jack Mallers stapt op als CEO van Twenty One Capital Tethers bitcoinfusie klapt na vertrek Jack Mallers Senator Lummis over ethiekbepalingen in de Clarity Act Democratische senatoren vinden Clarity Act tekortschieten op ethiek Conceptwetgeving Clarity Act rond ethiekregels voor Trump Cryptocast 439B | Bij Solana bouwt iedereen vrolijk door, ook in een bearmarket Met Daniël Mol (BNR Cryptocast) of Bart Mol (Satoshi Radio) bespreken we elke week de stand van de cryptomarkt. Luister live donderdagochtend rond 8:50 in De Ochtendspits, of wanneer je wilt via bnr.nl/podcast/cryptocast See omnystudio.com/listener for privacy information.

When the cryptocurrency exchange FTX imploded, customers around the world lost access to their money. Founder Sam Bankman-Fried was convicted of fraud and sent to prison. But the story didn't stop there. For the past three and a half years, FTX has been in bankruptcy, a legal process that determines who will be paid back and how much they'll receive. From the start, some customers and FTX insiders have criticized the bankruptcy. Legal experts and a bipartisan group of senators objected to the law firm tapped to run it, raising concerns about potential conflicts of interest. But the bankruptcy court and an independent examiner signed off on the firm's appointment as lead counsel.  Customers are now receiving compensation for their losses, but many say they're being shortchanged. Instead of being paid in cryptocurrency, they're receiving cash, with their claims pegged to the value of crypto when the market was at an all-time low. “Under this plan, my contractual rights and my ownership rights have been trampled; my property rights have been disregarded,” says Lidia Favario, an Italian artist who argued in court that customers should be repaid in crypto, not cash.This week on Reveal, in the second part of our series on FTX, we examine the decisions that shaped what's become one of the most expensive bankruptcies in US history. Read the FTX bankruptcy estate's on-the-record statement to Reveal. This is an update of a show that originally aired in October 2025. Support Reveal's journalism at Revealnews.org/donatenow Subscribe to our weekly newsletter to get the scoop on new episodes at Revealnews.org/weekly Connect with us onBluesky, Facebook and Instagram Learn about your ad choices: dovetail.prx.org/ad-choices

CoinDesk's The Policy Protocol host Rebecca Rettig is joined by guest co-host Ryan VanGrack, Coinbase's newly appointed Vice Chairman, to unpack the week's biggest crypto policy developments. They begin with the escalating legal standoff between Kalshi, the state of Michigan and the CFTC, before turning to the U.S.-U.K.'s new joint recommendations on stablecoins and tokenized assets. On the one-year anniversary of the GENIUS Act, Rebecca sits down with the bill's architect, Sen. Bill Hagerty (R-Tenn.), who reflects on the legislative battle to pass the landmark stablecoin law and explains why the CLARITY Act now faces an even more challenging political path. The episode closes with Hero of the Week Harry Jung, Patrick Whitt's deputy who is stepping into a leading White House role on crypto policy while Whitt takes military leave, and Zero of the Week Sam Bankman-Fried, after the Senate unanimously passed a resolution opposing any pardon or commutation for the former FTX founder. - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠. - Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Perfect 8 year track record of keeping clients assets safe. Don't sell your bitcoin. Get a bitcoin-backed loan. Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠ - JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠ - Timecodes: 00:00 Welcome to The Policy Protocol 01:14 Coinbase's New Vice Chairman Ryan VanGrack Co-Hosts 03:06 Kalshi, Michigan Courts, and the CFTC Standoff 07:51 US-UK Joint Statement on Stablecoins 11:22 Conversation with Senator Bill Hagerty 11:54 GENIUS at One Year: Countries Copying U.S. Language Word for Word 12:41 Warren's Midnight Amendments and the Real Fight Behind the Bill 17:51 What are CLARITY's Remaining Hurdles? 19:05 Will Democrats Allow a Win? Hagerty on CLARITY's Path Forward 21:11 World Cup Picks With Senator Hagerty 24:37 Hero of the Week: Harry Jung 25:35 Zero of the Week: Sam Bankman-Fried

The Senate votes unanimously against any SBF pardon. All 100 U.S. senators agreed that FTX founder Sam Bankman-Fried should never receive a pardon or commutation. President Trump has already pardoned Binance founder CZ and Silk Road creator Ross Ulbricht, but the Senate is drawing a clear line at SBF. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠. - Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Perfect 8 year track record of keeping clients assets safe. Don't sell your bitcoin. Get a bitcoin-backed loan. Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠ JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Bloomberg reported that Anthropic is planning investor meetings as a potential IPO approaches. Anthropic, founded in 2021 by Dario and Daniela Amodei, develops the Claude model family and emphasizes AI safety. Amazon completed a commitment of up to $4 billion in 2024, and Google was reported in 2023 to be investing up to $2 billion, alongside earlier funding from Spark Capital and from FTX and Alameda Research in 2022. Claude is distributed through Anthropic's API, Amazon Bedrock, and Google Cloud's Vertex AI, tying workloads to hyperscale infrastructure. The company established a Long-Term Benefit Trust in 2023 to embed safety in governance. Investor meetings would address valuation, operating metrics, and concentration risks as the IPO window improves after listings by Reddit, Astera Labs, and Rubrik.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Sam Bankman-Fried was once called the “crypto king.” But in November 2022, his company, FTX, imploded within a matter of days. All around the world, customers of the cryptocurrency exchange were suddenly cut off from their money. “I tried to withdraw an amount, you know, and it would spin and say, your, your withdrawal is pending,” says Tareq Morad, an investor from Canada. “I remember myself doing that around 7, 8 o'clock at night, checking back, going to look: Okay, did it go through? Did it go through? No. No. No.”Meanwhile, inside the company, employees were panicking. “All that we were told was there's been a run on the bank and, somehow, money is missing and we don't know who to trust,” remembers Caroline Papadopoulos, part of FTX's accounting leadership at the time. This week on Reveal, through prison interviews with Bankman-Fried, his parents, FTX insiders, and customers, we take you through the frantic week of FTX's collapse and the controversial and less well-known bankruptcy that followed. At a cost of nearly $1 billion, it has become one of the most expensive in history. Read the FTX bankruptcy estate's on-the-record statement to Reveal. This is an update of a show that originally aired in September 2025.  Support Reveal's journalism at Revealnews.org/donatenow Subscribe to our weekly newsletter to get the scoop on new episodes at Revealnews.org/weekly Connect with us onBluesky, Facebook and Instagram Learn about your ad choices: dovetail.prx.org/ad-choices

How do you trade without ever losing money? This week, Perpetuals Group CEO Patrick Gruhn, LL.M., MBA joins us to discuss UpsideOnly, a platform where users make market predictions while the company takes the trading risk. We also discuss how lessons from FTX helped shape a different approach to retail trading and prediction markets https://www.perpetuals.com … Continue reading Ep 289- Perpetuals CEO Patrick Gruhn

-This will surely make Sip happy---Iowa State has zero returning starters on offense OR defense back from last year's team---but newcoach Jimmy Rogers said he's confident in who they've brought in and that they'll be competitive…maybe they'll go back to the cellarof the conference like Sip thinks they belong!-Also, Kansas announces a jersey patch sponsorship with Ripple (XRP)…a cryptocurrency company…have we not learned anythingabout working with these companies (looking at you, Miami Heat and FTX)???Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Strategy sold $260M of Bitcoin at a loss to fund dividends. Parker White of Apyx makes the case that it is smarter than it sounds. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠Fidelity⁠⁠⁠⁠⁠⁠⁠⁠: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠⁠⁠⁠⁠⁠⁠⁠crypto.fidelitycareers.com⁠⁠⁠⁠⁠⁠⁠⁠. ⁠⁠⁠⁠⁠⁠⁠⁠Cape⁠⁠⁠⁠⁠⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). ======================================================== Strategy just made its largest Bitcoin sale ever, offloading 3,588 BTC for $260 million at a loss to fund preferred dividends. Days earlier it unveiled a digital capital framework: a 12-month coverage rule, a hiked STRC dividend, and a $10 billion buyback plan. Markets calmed, but the moves raise a question: has Strategy stopped being a Bitcoin company? Parker White, CFA, founding contributor and chief investment/operating officer at Apyx, pushes back on claims that funding dollar dividends with Bitcoin sales betrays Bitcoin's ethos, framing it as smart capital management. Shin presses him on whether investors now bet on Strategy's team, not Bitcoin. They unpack short sellers' calculus, the 2027-2029 convertible cliff Matt Walsh pegs near $6.7 billion, and Apyx's apxUSD, a tokenized yield wrapper around STRC and SATA that depegged to 72 cents in the turmoil. White defends Apyx 2.0's redemption model against 'free put option' critics and responds to critic's contention that Strategy resembles Terra/ Luna or FTX. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guests: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Parker White - CFA, Founding Contributor and Chief Investment/Operating Officer at Apyx Timestamps

Their research helped the SEC approve the Bitcoin ETFs. Their dashboards helped expose the FTX collapse before anyone else knew what was happening. In this interview, Adrian Fritz and Eli Ndinga from 21Shares break down why institutional allocation to crypto is still practically zero despite all the headlines, how they decide which products to bring to market before the narrative even exists, and why the old altcoin seasons where everything pumps together are never coming back. They explain how blockchains are about to become invisible infrastructure that your mother uses without knowing it, where the next mini bubbles will form in privacy and AI, and why 99% of crypto assets won't exist in a few years — but the 1% that survive will be the Googles and Facebooks of the next era. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin rebounds after hitting a fresh 21-month low, below its 200-week moving average — but underneath the panic, whales just made THE LARGEST single Bitcoin accumulation spike EVER recorded on chain: 270,000 BTC scooped up at $59K, bigger than the COVID bottom (150K) and the FTX bottom. Cantor Fitzgerald says the bear market is entering its FINAL stretch, projecting a late October bottom based on historical cycles. Metaplanet added 2,823 BTC to push its stack past 43,000. Robinhood just went 24/5 as DTCC's new 24x5 clearing goes live — Wall Street is officially catching up to crypto's 24/7 reality. Meanwhile the biggest stablecoin launch in history just dropped: 140+ giants — BlackRock, Visa, Stripe, Mastercard, Amex, Google, Coinbase, Ripple — launched Open USD (OUSD), a USDC killer that crashed Circle stock 15% overnight. Add June's brutal Marubozu candle (worst month since June 2022), Fed rate HIKE fears from Kevin Warsh, Strategy's $1.25 BILLION sell authorization, and Trump's disclosed $1.4 BILLION in 2025 crypto earnings blowing up Clarity Act ethics negotiations — and we break down whether smart money just called the bottom, or if this is a whale trap before the next leg lower. Learn more about your ad choices. Visit megaphone.fm/adchoices

Martin Matejka is the CEO of Firefish, a company which offers a platform where BTC holders can connect with fiat borrowers in order to achieve the ”never sell your bitcoin” status. In this episode, we talk about how these BTC-backed loans work, and also pursue a more philosophical conversation about the purpose of Bitcoin and whether or not it's currently achieving it. Sponsors: Proudly sponsored by Orangerock.com: Trade Without Limits Orangerock is the pro trading terminal that fits in your pocket. Perps and spot, instant cross-chain swaps, and a self-custodial wallet. Trade crypto, stocks, and commodities with up to 40x leverage. Your keys, no surveillance. Get app: https://go.orangerock.com/bitcoin-takeover Sideshift, the place where you can exchange your stablecoins for unconfiscatable, free market money: https://sideshift.ai LayerTwo Labs, creators of BIP300 and builders of the Drivechain. Now they're hard forking Bitcoin to create Ecash too: https://ecash.com Cake Wallet, your privacy-friendly self-custody companion. Enables silent payments, PayJoins & Lightning for Bitcoin. Also supports Monero, Zcash, Zano & more. Available on desktop & mobile: https://cakewallet.com Time stamps: 00:01:14 Intro & sponsors: meet Martin Matejka of Firefish 00:02:11 "Making Bitcoin lending right this time": BlockFi & Celsius PTSD 00:02:53 How the loan marketplace works in a nutshell 00:03:36 The book: "Bitcoin, the Ultimate Collateral" 00:04:31 Why Bitcoin as collateral vs. digital cash 00:05:17 The Elon Musk playbook: borrow, don't sell 00:06:55 "Once I stopped seeing Bitcoin as an investment, life got better" 00:07:24 Being short fiat: the mortgage mindset 00:08:24 Vlad's pushback: spending fuels the system & miner fees 00:09:35 Liquidation risk & timing loans to the market cycle 00:12:14 Staying safe: 50% LTV and "a machine gun in your hands" 00:13:35 Coming soon: loans with no liquidation mechanism 00:15:17 Why Bitcoin-backed loans are still too expensive 00:16:00 Scaling up: 27,000 users, $160M loans, 4,500 BTC 00:17:05 "Almost as much Bitcoin as the Lightning Network" 00:20:22 Why he founded Firefish: a finance guy's contribution 00:21:38 Firefish explained simply: the marketplace model 00:23:12 The tech: escrow, presigned transactions & DLC-like logic 00:24:41 The "zombie apocalypse" recovery transaction 00:26:06 What's the catch? Avoiding the "trust me bro" mandate 00:28:11 Preventing rehypothecation via Bitcoin itself 00:28:45 How Firefish makes money: the origination fee 00:29:33 Promo code BTCTKVR for 30% lower fees on Firefish 00:30:50 Bitcoin-native DeFi vs. bridging & wrapping 00:32:07 Stablecoins, currencies & US availability 00:34:09 Cypherpunk loan settlement & the dispute mechanism 00:37:37 Why 3-of-3 multisig instead of 2-of-3 00:38:31 Oracles, ephemeral borrower keys & how signing works 00:40:01 Lenders need no keys: "my parents can fund loans" 00:40:32 Beating bonds: outperforming bank deposits & tax-free loans 00:42:37 Zcash giveaway & a seed-phrase security lesson 00:45:30 Sponsors: Bitcoin.com News & Layer 2 Labs drivechains 00:48:01 Debate: is Bitcoin just software that should improve? 00:50:58 Austrian economics & "crashing the central banks" 00:51:32 The paper Bitcoin debate: gold's financialization 00:53:29 Trust minimization, Nick Szabo & God protocols 00:55:10 Covenants & understanding both sides of Bitcoin's civil war 01:00:42 The spam/filtering debate & permissionless transactions 01:02:33 Satoshi's Genesis block message & arbitrary data history 01:06:09 "We're stuck debating spam" — limited supply as core value 01:08:15 The underrated educational value of Bitcoin 01:09:21 Where did the newcomers go? ETFs vs. real adoption 01:10:12 How to make Bitcoin cool again & the FTX taint 01:11:46 Eulogy for Paralelni Polis / Institute of Cryptoanarchy 01:15:44 Grandma's savings destroyed by inflation 01:17:05 The wedding money & the car that never came 01:18:03 Inflation is a much deeper problem than the CPI 01:20:24 The worst thing for Bitcoin: losing its identity 01:21:42 "Do you know what Zcash is?" Privacy vs. fixed supply 01:22:42 Competition & shitcoins: the jealousy analogy 01:23:28 Losing dominance & the Bitcoin Cash profitability metric 01:25:11 Sponsor: SideShift.ai for stablecoin swaps 01:26:11 Why try Firefish today? Rates as low as 5% 01:28:38 Closing thoughts & farewell

Vinny Lingham warned 18 months ago that Michael Saylor would harm Bitcoin more than FTX. Now he maps how the Strategy empire breaks and the one move that could slow the bleed. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠Fidelity⁠⁠⁠⁠⁠: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠⁠⁠⁠⁠crypto.fidelitycareers.com⁠⁠⁠⁠⁠. ⁠⁠⁠⁠⁠Cape⁠⁠⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). ======================================================== Strategy's stock has fallen over 80% from its November 2024 high, its STRC preferred trades well below par, and a fresh $335 million raise has done nothing to restore confidence. Vinny Lingham, co-founder of Praxos Capital, tweeted in October 2024 that Michael Saylor would do more damage to Bitcoin than FTX. On Unchained, he argues the collapse was always predictable, and that this is not a Ponzi but what he calls a 'Saylor scheme.' Lingham maps how the empire breaks once MSTR trades at a discount to mNAV, why the 32-Bitcoin sale and the $1.5 billion buyback of 2029 converts blew Saylor's runway, and why $6.7 billion in convertible notes raises default risk by 2028. He also weighs a Soros-style attack theory and the switch to bimonthly dividends. His fix is the one thing Saylor won't do: stop buying, stop diluting, wait it out. The question is who removes the biggest buyer of Bitcoin, him or the market. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guests: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vinny Lingham - Co-founder of Praxos Capital Timestamps

The price of Bitcoin continued to turn lower on Thursday as Strategy's flagship preferred stock notched another record low after U.S. markets opened. ~This episode is sponsored by Tangem~ Tangem ➜ https://bit.ly/TangemPBN Use Code: "PBN" for Additional Discounts! 00:00 intro 00:09 Sponsor: Tangem 00:37 Terrible Inflation Data 01:08 Micron beat earnings 01:40 Apple Inflation incoming! 02:19 Market volatility 02:44 Bad Time for $STRC FUD 03:20 Strategy dilution 03:45 Schwab dire warning 04:58 Strategy hasn't responded to us 05:57 FUD Contagion begins? 07:31 Phong Le attempts to instill trust 08:20 Bitwise getting concerning calls? 09:09 Institutional Money moving out of Strategy 09:52 Matt Hougan was wrong about FTX bottom 10:55 $STRC Defi Layer at risk too 11:35 Sentiment crashed FTX not solvency 13:01 Bull vs Bear solution = Sell Bitcoin!? 13:52 Selling Bitcoin would make it worse 14:32 Stablecoin Rebrand 15:40 Stop being transparent!?? 16:12 Strategy under investigation 16:55 Praxos Capital: Strategy will collapse soon? 18:30 $STRC in freefall 19:06 CLARITY at risk again 19:42 Stay safe just in case 20:07 outro #Crypto #bitcoin #BTC ~Michael Saylor in a Doomloop?

Send us a text!In this episode we debrief our 2026 Titus 2 FTX. Why do we think these are important? Where did we go? What did we do? What were the learning objectives for our young men? How did we improve the exercise compared to last year? We discuss all of this and more in this episode of the Brutal American Podcast.Checkout the BA Patreon: https://www.patreon.com/c/brutalamericanThis episode's Headline Sponsor is: Keep Wise Partners; Visit KeepwisePartners.com or call Derrick Taylor at 781-680-8000 to schedule a free consultation. https://keepwise.partners/Talk to Joe Garrisi about managing your wealth with Backwards Planning Financial. https://www.backwardsplanningfinancial.comDefiant Machine Works provides expert firearm customization to deliver reliable, personalized, high-performance firearms. https://defiantmachineworks.com/Our new books are now in stock and shipping. https://www.newchristendompress.com/bonifaceoption-revilingwives-15-off Support the show

Join Alex Tapscott as he decodes the world of crypto with special guest Nom, Core Contributor of BONK. Listen in as they discuss how BONK emerged from the depths of the post-FTX bear market to help revive energy and community across Solana, why culture and fun still matter in an industry increasingly focused on institutions, ETFs, and regulation, and how meme coins can become lasting consumer brands when paired with real products, utility, and community participation. Nom also shares how BONK's early airdrop strategy targeted Solana power users, why crypto's next wave may depend on making apps both useful and weird again, and how BONK is expanding into RWAs, prediction markets, AI, and neo-banking.

For the tenth anniversary of Unchained, Laura reflects on the SBF question she never asked, the Charles Hoskinson beef, and why she may be done with strict neutrality. ======================================================== Thank you to our sponsor! ⁠⁠Fidelity⁠⁠: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠⁠crypto.fidelitycareers.com⁠⁠. ⁠⁠Cape⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). ======================================================== Unchained started as a side project by Laura in 2016, with two interviews recorded on Necker Island. Ten years later, it's become a network of podcasts and newsletters. Haseeb Qureshi of one of most beloved podcasts on the network, The Chopping Block, chats with Laura about everything from its origins to biggest regrets to her interview style and more.  Plus, she reveals the one regret she has over a question she never got to ask Sam Bankman-Fried after the collapse of FTX. Haseeb, managing partner at Dragonfly and an effective altruist himself, traces whether EA's moral framework enabled SBF's fraud, or whether SBF simply had ordinary delusions of grandeur.  The conversation also moves through Charles Hoskinson's disputed PhD claims, the Brian Armstrong interview that never happened, and Laura's emerging conviction that ten years of institutional disillusionment may be pushing her away from the neutrality that built her career. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guests: ⁠⁠⁠⁠Haseeb Qureshi - Managing Partner of Dragonfly - https://x.com/hosseeb Timestamps

Kevin Warsh held rates steady but surprised markets by signaling that rate hikes remain on the table, with nine of eighteen Fed officials now projecting at least one increase this year as inflation concerns persist. Matt also examines why Strategy's preferred stock falling below its target value could create challenges for the company's Bitcoin acquisition machine, and why a stronger U.S. dollar continues acting as a headwind for crypto markets.The episode also covers Hive's $220 million AI infrastructure deal, Cathie Wood buying Coinbase while selling Robinhood, new efforts by gambling and tribal groups to limit prediction markets, and the latest developments in the ongoing FTX political finance cases. Finally, Matt explains how buying a camper unexpectedly led to purchasing a 2017 Lexus GX460, shares his first-time camping plans, and reflects on the surprisingly successful run of his old Subaru.Happy Hodling, Everyone. Hosted on Acast. See acast.com/privacy for more information.

After a week of Apple's WWDC dominating the tech news cycle, SpaceX went public, and OpenAI and Anthropic aren't far behind. While you should never take financial advice from us, we talk about what is going on to the best of our knowledge. We get back to the other tech news and all our normal fun after last week's special episode. All so you can get out there and tech better. Watch on YouTube! - Notnerd.com and Notpicks.com INTRO (00:00) Next week is Amazon Prime Day! (02:30) Apple shares list of 250 changes in OS 27s (04:40) MAIN TOPIC: Hot IPO Summer (07:15) As AI companies race to go public, who else is along for the ride? Anthropic pulls Claude Mythos 5 and Claude Fable 5 following US government directive CRYPTOWATCH: Bitcoin's worst week since FTX crash signals more pain ahead DAVE'S PRO-TIP OF THE WEEK: Markup Magnification (22:10) JUST THE HEADLINES: (27:10) Police officer accused of using AI to 'create evidence' A San Francisco burglar escaped in a Robotaxi, and police still can't find him Fox is buying Roku for $22 billion Chipotlai Max is an AI agent that runs on "stolen compute" from Chipotle's AI chatbot MrBeast hits 500 million subscribers on YouTube Bees can use tools to solve problems, study finds Scientists find wind blowing from our Milky Way's black hole LISTENER MAIL: Dillon - Was tuning into your podcast and wanted to drop some knowledge… McMenamins (and many others) use disgusting RC cola because Portland Beverage supplies and maintains the dispensing equipment for FREE, as long as you keep buying through their distribution which is RC/7UP/squirt etc. (30:50) WITHIN REACH! Dave 8-6, Round 14, Nate goes first (33:05) TAKES: What thousands of Tesla VINs reveal about battery health (39:00) Microsoft Patch Tuesday June 2026 (43:55) BONUS ODD TAKE: 100 Greatest Bird Names of All Time (48:50) PICKS OF THE WEEK:  Dave:  DJI Neo 2 Motion Fly More Combo With RC Motion 3 & Goggles N3 (54:30) Nate: 4-Pack Premium Air Chuck Quick Connect, Brass Locking Tire Air Chuck With Clip Adapter 8mm, No Leakage Air Compressor Pump Clip-On Tire Chucks, Compatible with Schrader Valve (01:02:00)

 EPISODE DESCRIPTION I sat down with Brian J. Esposito, CEO of Diamond Lake Minerals (DLMI) and a 25-year entrepreneur who has built over 115 companies across 25 industries. Brian has been in regulated, compliant tokenization for over 13 years , long before it was cool , and in this episode he breaks down exactly why most RWA projects are getting it wrong, why owning the underlying asset is non-negotiable, and how Diamond Lake is structured like a modern General Electric to bring fractional ownership of commercial real estate, music catalogs, hotels, and more to millions of people who have never had access to these kinds of assets before. We also get into the frothy AI IPO market, speculative leverage trading, and why the next FTX-style collapse would set the entire industry back years. If you care about where real-world asset tokenization is actually heading , not the hype , this one is for you.DISCLAIMERNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT Diamond Lake Minerals (DLMI) – Official Website: https://diamondlakeminerals.com/ Twitter/X – Brian J. Esposito: https://x.com/brianjesposito?lang=enLinkedIn – Brian J. Esposito: https://www.linkedin.com/in/brianjesposito/Web3 with Sam Kamani https://www.web3pod.xyz/ KEY POINTS WITH TIMESTAMPS • [00:10] Sam introduces the episode and guest Brian J. Esposito, CEO of Diamond Lake Minerals, focused on tokenizing real-world assets• [01:43] Brian shares his 25-year entrepreneurial journey , from launching 1,200 beauty brands to building a private holding company of 115 companies across 25 industries• [02:53] Why Brian took over Diamond Lake as a public vehicle: making tokenized assets accessible to people who already know how to buy stocks• [04:18] Brian's 13-year background in regulated security tokens, his relationships with INX, Securitize, and T-Zero, and what he expected after FTX collapsed• [07:22] Why true mass adoption of security tokens happens when they appear on mainstream brokerage accounts like Charles Schwab or Merrill Lynch• [08:55] The surprising fit of tokenization for commercial real estate , stable Fortune 50 tenants, 15-year leases, and fractional revenue sharing for global investors• [11:25] How tokenization democratizes access , billions of people previously locked out of IPOs and Series A-E rounds can now invest with pennies• [13:41] Why owning any asset beats cash in an inflationary world, and how even $1-2 per month in token earnings is life-changing for people in developing economies• [15:17] Lessons from merging traditional finance with digital assets , the trust gap, the UX challenge, and why regulatory silos are the biggest barrier• [18:36] How Diamond Lake decides which industries and asset classes to pursue next , and why their network and team access is their real competitive moat• [21:19] The microtransaction fee problem in fractional investing, and how controlling your own licensed exchange changes the economics• [26:01] Brian's most contrarian take: RWA firms don't actually own the assets they tokenize, and that's a ticking time bomb for the industry• [28:09] Where RWAs are headed by 2030 , projections ranging from $6 trillion to $35 trillion , and why Diamond Lake doesn't need a big slice to win big for shareholders• [29:22] The AI IPO frenzy, leverage trading, and why history is repeating the dot-com bubble in dangerous ways• [35:23] Diamond Lake's recent merger with ECI and Stillway , over $20 billion in commercial real estate transactions over 40 years , and a first tranche of $5M investment announced• [37:18] Brian's closing philosophy: treat every dollar that comes in like it's your grandmother's, build sustainably, and let million-dollar deals grow into billion-dollar deals

CannCon and Ghost open Tuesday with somber news first: a B-52 crash at Edwards Air Force Base claims all eight servicemen aboard, the latest in a string of unexplained military aircraft losses. From there the show pivots into a packed lineup. Trump's latest Save America Act post adds two new conditions, and CannCon and Ghost debate whether the bill's failure to pass is actually a deliberate gatekeeping move to avoid a "fortified elections, case closed" narrative that would leave the black box voting machines untouched. ICE quietly starts pulling local voter files in Texas, the FBI raids Ohio's leading voter registration nonprofit with 125 agents, and Trump appoints James McDonald, one of the two attorneys who investigated FTX's collapse, as the new US Attorney for the Southern District of New York, days after Sam Bankman-Fried's pardon request and appeal loss. Norm Eisen's States United nonprofit comes under House Oversight scrutiny for deputizing private lawyers to prosecute Trump-aligned alternate electors in Arizona and Minnesota. Gavin Newsom announces he is under DOJ investigation and casts himself as Trump's next political target, while CannCon breaks down how his wife's nonprofit funnels donor and state money into her own for-profit film company through a school licensing scheme.

Bitcoin just triggered the signal that has marked every previous bear market bottom — half of all circulating BTC supply (roughly 10.5 million coins) is now trading at a loss per Glassnode/K33 Research, the first time this has happened since the late 2022 cycle low. But realized losses over the last 30 days sit at just 187,000 BTC versus 1.2 million after the FTX collapse, meaning capitulation hasn't actually hit yet. Meanwhile, Japan just delivered the biggest bullish policy shift of 2026 — reclassifying crypto as financial products, slashing the tax rate from 55% to 20%, and opening the door to spot crypto ETFs. Add Wall Street dumping $10.8 billion of tech stocks last week (largest tech outflow ever recorded), SoftBank trying to borrow $6 billion against its OpenAI stake just to keep funding OpenAI, Warren's Hail Mary to delay tomorrow's $75B SpaceX IPO, and the historical reality that the 10 biggest IPOs in history dropped 35% in their first six months — and today's setup may be the cleanest historic bottom signal we've seen in three years. We break down whether the supply-in-loss signal actually holds, why capitulation hasn't fully hit yet, what Japan's bombshell means for the bull case, and which catalysts could trigger the real cycle bottom before $50K comes into play. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin just posted its worst week since the FTX collapse — a 16% slide below $60,000, the steepest drop since Sam Bankman-Fried's exchange imploded in November 2022 — and analysts are warning the modest bounce to ~$61,300 may be short-lived. What makes this scarier than the FTX-era crash: there's no single catastrophic catalyst. Analysts are calling it a "silent bear market" because Bitcoin just broke below its 200-week moving average for the first time in this cycle, rate-cut bets have flipped to rate-HIKE bets thanks to strong U.S. jobs data, gold/silver/BTC are all falling together as the safe-haven thesis breaks, and Friday's $75 billion SpaceX IPO is poised to drain another $22.5B of retail capital directly out of crypto. Add Anthropic launching its zero-day-finding Mythos AI today (the same tech that found the four-year-old Zcash bug), Warsh planning to kill the Fed dot-plot, JPMorgan deploying long-running autonomous AI agents, and today's U.S. CPI print landing into the chaos — and this may be the cleanest structural bear market we've seen all cycle. We break down whether the FTX comparison actually holds, what a 200-week MA break historically means for Bitcoin, and which catalysts could stop the bleeding before $50K comes into play. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we return to digital assets, quant trading and blockchain infrastructure. Since we last checked in on the space in the wake of FTX's collapse, digital assets, crypto trading, blockchain infrastructure has recovered and gone mainstream. From major institutions and hedge funds having multiple desks to the rise of blockchain infrastructure in settlements and payments - not only in the commodities sector, but across all of industry. What are the latest trends? What is talent demand and for which disciplines? What is the intersection with the commodities sector? Our guest is Joe Miscioscia, Founder and CEO of the Joseph Anthony Group, a recruitment firm dedicated to digital assets, quant trading, and blockchain infrastructure. Visit https://www.josephanthonygroup.com for more, For related content and to find out more about HC Group, a search firm dedicated to the energy & commodities sector, visit https://www.hcgroup.global

Bitcoin just decoupled from the Nasdaq — crashing to $65,385 (lowest level since February) while the Nasdaq 100 prints a fresh all-time high — and the Fear & Greed Index has cratered to 11, the deepest reading of the entire cycle. The thesis: capital is rotating aggressively out of crypto and into the $350 billion equity raise pipeline (SpaceX's roadshow opens tomorrow, Anthropic just confidentially filed at a stunning $965B valuation, OpenAI is next). Add Peter Schiff warning Strategy's STRC could enter a "death spiral," Saylor quietly stacking $29M in cash alongside his first BTC sale since FTX, Tom Lee's Bitmine down $8.9B, and the CLARITY Act facing a brutal 4-week window before Senate recess — and today's setup is the cleanest macro inflection we've seen this cycle. We break down whether the Nasdaq decoupling is structural or temporary, what the IPO drain means for crypto liquidity through summer, and what catalysts could pull Bitcoin out of tech's shadow before $60K comes into play. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin just crashed below $70,000 - falling 3.8% overnight to $69,446 - as $766 million in liquidations cascaded through the leveraged complex and BlackRock's IBIT extended its outflow streak to 10 straight days, with the ETF complex now hemorrhaging $2.4 billion since May 18 alone. Add Michael Saylor's stunning 32 BTC sale (Strategy's first since the FTX collapse in 2022, used to fund STRC dividends), the Fear & Greed Index crashing into "Extreme Fear" at 23, ongoing US-Iran escalation, and growing speculation that Larry Fink is suppressing prices through sustained institutional redemptions — and today's setup looks like the cleanest capitulation we've seen this cycle. We break down what's actually driving the selloff, whether the BlackRock bleed is structural or temporary, what Saylor's "Never Sell" reversal means for the rest of the treasury company space, and what catalysts could stop the bleeding before $65,000 comes into play. Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest today is Dan Loeb, the founder and CEO of Third Point.  Dan started Third Point in 1995 with a few million dollars, and today the firm manages over 24 billion across equities, corporate and structured credit, venture, and insurance.  He is best known for his activist work at companies like Sotheby's, Sony, and Yahoo, and for the public letters he has written to boards over the years. What I find most interesting about Dan is how much his approach has evolved across thirty years.  He came up as a credit and event-driven investor at Warburg Pincus and Jefferies, built Third Point, then layered in quality investing, thematic technology investing, and now a very large credit business that sits alongside the hedge fund. We cover how he thinks about the AI stack and the companies inside it he believes matter most, the difference between good and bad governance, what FTX taught him about due diligence, the Sony and Sotheby's stories, and the power of writing. Please enjoy my conversation with Dan Loeb. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.  ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠. ----- ⁠Ramp's⁠ mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ramp.com/invest⁠⁠ to sign up for free and get a $250 welcome bonus. ----- Trusted by thousands of businesses, ⁠Vanta⁠ continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Invest Like the Best listeners get a special offer of $1,000 off Vanta when you go to ⁠vanta.com/invest⁠.  ----- WorkOS⁠ is the infrastructure B2B and AI-native companies use to sell to enterprise. It covers everything enterprise security requires: SSO, SCIM, RBAC, Audit Logs, AI governance, and more. Trusted by 2,000+ fast-growing companies, including OpenAI, Anthropic, Cursor, and Vercel. ----- Rogo is the AI platform for finance. They're building agents for Wall Street that are trained to understand how bankers and investors actually do work: from diligence and modeling, to turning analysis into deliverables. To learn more, visit rogo.ai/invest. ----- ⁠Ridgeline⁠ has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Visit⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). Timestamps: (00:00:00) Welcome to Invest Like The Best (00:02:29) Dan Loeb (00:03:21) Mental Models Information Overload (00:06:50) Dan's Identity as an Investor (00:11:24) The End of Classic Event-Driven Investing (00:13:52) Evolving Strategy Over 30 Years (00:17:48) Return Opportunities in Today's Market (00:21:12) Sources of Alpha for Fundamental Investors (00:22:10) Good vs. Bad Governance (00:26:17) Writing as an Investing Tool (00:27:29) The Sotheby's Story (00:30:04) Activism Opportunities Today (00:31:03) Third Point's Evolution to 60% Credit (00:36:10) Dan as Sole Portfolio Manager (00:38:09) Value Investor Perspective on Today's Market (00:39:23) Investing Outside the US (00:40:33) The Sony Activism Story (00:43:59) Lessons from 30 Years of Investing (00:46:26) Danaher and Operational Excellence (00:48:48) Building the Insurance Liability Business (00:51:19) The FTX Story (00:53:07) Leading a Team Through Uncertainty (00:54:29) Where Third Point Is Most Contrarian (00:56:22) What Makes a Great Analyst Today (00:58:12) The Next 10 Years (01:00:24) The Kindest Thing

CZ describes his only one‑on‑one meal with Sam Bankman‑Fried while FTX was seeking Binance investment, saying SBF showed very high EQ and said all the right things about collaborating, regulation and growing the industry, yet Binance initially declined to invest before later taking a small stake.

Binance founder Changpeng “CZ” Zhao joins Patrick Bet-David to discuss Bitcoin, AI, crypto regulation, the Biden administration's crackdown on crypto, Trump's pardon, FTX, global business migration, and why the UAE became his home base for innovation and security.-------