Podcasts about MPC

Cut Chemist has been on my list since the day I started this podcast, so getting him on for Episode 85 was a real full-circle moment. He's someone whose records genuinely shaped how I dig and how I think about putting samples together, and across this conversation he traces the whole arc — from kicking along to a Bobby Darin concert in the womb, to a McDonald's straw on a snare drum, to Star Wars soundtracks, to the moment hip hop landed for him in 1983.We get deep into the Hollywood scene that raised him, the Rhino Records parking-lot quarter bins where he and his friends amassed beats nobody had touched, and the Jungle Brothers album that made him realise he could make "a record made out of records."From Unity Committee into Jurassic 5, sharing the production chair with Nu-Mark, the all-45s leap into Brain Freeze with DJ Shadow, the solo tightrope of The Audience's Listening, and right up to his candlelit listening parties now — this one's a masterclass in following the unfamiliar. It's long, it's nerdy in all the right places, and I couldn't have asked for more from a guest who's influenced me this much.In this episode we cover:His earliest musical memories — parents, live drums, Carpenters and a deep sci-fi soundtrack obsessionDiscovering hip hop in 1983 via KDAY, breakdancing, graffiti and the elements one at a timePublic Enemy, Bomb Squad and why Main Source is his production templateThe Jungle Brothers album that turned him into a samplerLearning gear the hard way — reel-to-reel, Roland S10, MPC, the Pro Tools learning curveForming Jurassic 5 out of Unity Committee, and the east-coast heart in a west-coast cityPre-internet sample sleuthing and the legendary Rhino Records quarter binsFirst DJ gigs at 15, learning to cut, and the up-and-down fader style that became his ownQbert and the 1996 X-Men vs Scratch Pickles battleA digging philosophy: is the juice worth the squeeze?Sharing production with Nu-Mark, building Lesson 6, and breaking in Europe with Mr FormatThe Rare Equations mix, the Number Song remix and the all-45s origins of Brain FreezeOzomatli, Brazilian and African digging, and constructing a set like a compositionThe Audience's Listening at 20, The Garden in Brazil, and the Italy trip that changed everythingThe Good Life Cafe education and record shopping with Biz MarkieStable Sound, the Bandcamp subscription, and his candlelit psychedelic sound bathsOn Keb Darge, on Edan, and the Expert of None shows coming next

Click here to join Sync Producer Hub This episode highlights community wins and lessons: member shout-outs for leveling up, turning a rejection into progress, and new sync placements and royalty updates. You'll get clear pitching and email advice for music supervisors, tips on organizing your Disco catalog, MPC/production workflow insights, Shades of Sync conference prep, and how social media and AI can help generate sync opportunities.

Industry experts estimate synthetic identity fraud costs the financial industry as high as $95 billion a year, and the most damaging attacks pass every verification check without triggering a single alert.Tedd Huff, CEO of fintech advisory firm Voalyre and founder of Fintech Confidential, brings 25 years of payments and fraud infrastructure experience to a direct conversation with Hal Lonas, Chief Technology Officer of Trulioo, the identity verification platform trusted by Google, JP Morgan Payments, Stripe, Airbnb, and Meta.Lonas explains why detection rates hide more than they reveal, how fraudsters now add intentional imperfections to AI-generated deepfakes to beat detection systems, and why agentic commerce requires an entirely new verification layer beyond KYC and KYB. The conversation covers Trulioo's Know Your Agent (KYA) framework, the Digital Agent Passport, Google's Agent Payments Protocol (AP2), and the privacy regulation debate most compliance teams have not fully worked through.Find out more1️⃣ Ask your identity vendor for their false negative rate, not just their detection rate, and demand specific numbers.2️⃣ Build continuous monitoring into your post-onboarding workflow so your system is still watching on day 30, 60, and 90.3️⃣ Audit every automated decision model in your stack and document the logic before your next regulatory exam.4️⃣ Map your verification flow and tier friction based on real-time risk signals instead of running flat checks on every customer.5️⃣ Get your compliance and growth teams in the same room with a shared dashboard showing fraud loss rates and abandonment rates side by side.Guest:Hal Lonas LinkedIn: https://www.linkedin.com/in/hal-lonas-4555b1Hal Lonas X: https://x.com/hal_lonasCompany:Trulioo: https://www.trulioo.comFintech Confidential:Podcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSupporters:Under.io streamlines application and underwriting by digitizing PDFs for digital signature: under.io/FTCSkyflow is a zero trust data privacy vault delivered as an API, covering PCI, CCPA, GDPR, SOC 2, and beyond: skyflowsecure.comDFNS provides wallets as a service, API first, multi-chain, secured with MPC, used by Stripe, Fidelity, and others: fintechconfidential.com/dfnsHawk AI offers real-time payment screening, AML monitoring, and dynamic customer risk rating to reduce false positives: gethawk.comAbout:Hal Lonas is the Chief Technology Officer of Trulioo, where he leads technology strategy, product development, and engineering. He co-founded BrightCloud, a cloud-native threat intelligence company, and previously served as CTO at Webroot, Carbonite, and OpenText before joining Trulioo in 2021.Trulioo is a global identity verification platform operating across 195 countries, covering 14,000+ ID document types, 6,000+ watchlists, and 700 million business entities.Tedd Huff is CEO of Voalyre and founder of Fintech Confidential. The show is produced by DD3 Media and brings you the people, tech, and companies that change how you pay and get paid.Chapters: 00:00 Introduction01:28 Meet Trulioo CTO02:48 From Space to Security04:11 Dfns: Wallets as a Service (sponsor)05:32 Sleeper Accounts Explained08:33 False Negatives Metric11:43 Explainable Adaptive ML13:23 Deepfakes Raise Stakes15:03 Asymmetric Defense Signals17:51 Privacy Versus Safety21:25 Sky Flow: Building Fast and Secure (sponsor)22:27 Friction Based Risk24:16 Case Study ConsenSys26:04 Know Your Agent Future27:52 Agent Passport Checks32:43 Open Standards AP234:35 Are Defenders Losing36:05 Leader Advice Wrap40:37 Final Thoughts and Outro41:36 Hawk AI - Realtime Fraud Monitoring (sponsor)42:23 DisclaimerDisclaimer: The information provided in this episode is for informational purposes only and should not be considered financial, legal, or investment advice.#syntheticidentityfraud #identityverification #KYC #KYB #agenticcommerce #KnowYourAgent #deepfakedetection #fintechfraud #fraudprevention #AML #trulioo #AP2 #GoogleAP2 #AIfraud #fintechcompliance #fintechconfidential

Second Sunday after PentecostJune 7, 2026Worship Service includes:Scripture Readings: Psalm 63:1-4 and John 15:12-15Meditation:  You've Got a Friend given by Rev. Dr. Tom KortClick here for Worship Bulletin - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Welcome to Morrisville Presbyterian Church.No matter who you are or where you are on your journey of Faith,you are invited to MPC.Education Hour:Contact Pastor Alex Lester-Abdalla at alexlester-abdalla@mpcusa.net Worship Service:In-Person and Livestream begins at 10:30 a.m. each Sunday.Morrisville Presbyterian Church771 N Pennsylvania AveMorrisville, Pennsylvania 19067(215) 295-4191 Website: https://www.mpcusa.org Support the show

Simon Brown unpacks a US personal savings rate of just 2.6% — one of the lowest on record — and why it matters more as a fragility gauge than a crash signal. He covers the collapsed Iran deal and its effect on oil and South African fuel prices, the SARB's prime rate hike to 10.5% and why he thinks the MPC has it wrong, and the near-10% surge in Naspers and Prosus on news that WeChat is putting AI at the centre of its app. Plus SPAR's brutal trading update, the year-to-date scoreboard with South Korea up 123%, Afrimat's Nersa win, Dell's near four-bagger, and why Simon keeps buying Clicks at two-year lows. Topics: US savings rate, Iran and oil, SARB rates, Naspers, Prosus, Tencent, SPAR, food retail, South Korea, Dell, Clicks. WorldWideMarkets is part of JustOneLap.com.

Send us a question/idea/opinion direct via text message!The tide has officially turned for mortgage interest rates. Following the Reserve Bank's razor-edge split decision to hold the OCR last week, borrowers are hitting a major structural shift. An estimated 40% of all New Zealand mortgage debt is exposed to repricing in the next six months alone - shifting from a mindset of two years of falling rates straight into a rising rate wall.This week, Nick Goodall and Kelvin Davidson analyse the macroeconomic consequences of this lag in monetary policy. We break down the newly updated Cotality Sales Volume Forecast Model, which officially strips 10,000 transactions out of our original 2026 projections.Plus, we dissect the internal vs. external board divide at the RBNZ, unpack the Government's council "consent bonus" budget initiative, and preview Thursday's upcoming May Home Value Index (HVI) results.This week we discuss:The Repricing Shock: Why 31% of fixed debt and 10% of floating debt are running directly into higher rates over the next six months.The 2-Year Fix Pivot: Why the mathematical reality of moving from a short-term fix to a 2-year runway means a 0.3% to 0.4% immediate lift in debt-servicing costs.Slashing the 2026 Model: Recalibrating the official housing metrics down to a flat 90,000 transaction ceiling for this year, with a potential slide below 90k in 2027.The Internal vs. External Divide: Analysing Cam Bagrie's take on why external MPC members are voting for rate hikes while internal RBNZ staff cling to optimistic GDP models.April Mortgage Lending Slowdown: Dissecting the $8 billion lending block and why bank switching and aggressive cashback windows are shutting.Council "Consent Bonuses": Reviewing the Government's infrastructure financial incentives for councils hitting high density targets.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Welcome to Episode 399 On this episode we have: W.o.W. Highs/Lows News Bike Updates She knows Moto The Jaguar Sprint Call to action- leave reviews, interact, sign up for the MPC at the link below. Show contact info Creative Riding is available on Apple Podcasts, Sound Cloud, Google Play, Tune In, Spotify, etc. Leave the show a rating and review on your favorite podcast app. https://motorcycle-podcasts.com/ https://motopodchallenge.com/ Check out our blog: creative-riding.com Contact the show: Discord: https://discord.gg/3kzhhChcUj Email: creativeridingpodcast@gmail.com FB/IG: @creativeridingpodcast Reddit: @Creative_Riding Support the show: patreon.com/creativeriding zazzle.com/store/creative_riding research about big cats and bikes: https://storymaps.arcgis.com/stories/d18b4e7d0eeb47d8b2e0ae7acd656480 https://magazine.cycleworld.com/article/1962/2/1/harley-davidson-250-sprint

Trinity SundayMay 31, 2026Worship Service includes:Scripture Readings: Proverbs 3:5-6 and Matthew 18:1-5Sermon:  The Child Inside of You given by Rev. Dr. Tom KortClick here for Worship Bulletin - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Welcome to Morrisville Presbyterian Church.No matter who you are or where you are on your journey of Faith,you are invited to MPC.Education Hour:Contact Pastor Alex Lester-Abdalla at alexlester-abdalla@mpcusa.net Worship Service:In-Person and Livestream begins at 10:30 a.m. each Sunday.Morrisville Presbyterian Church771 N Pennsylvania AveMorrisville, Pennsylvania 19067(215) 295-4191 Website: https://www.mpcusa.org Support the show

Stephen Grootes speaks to Citi South Africa economist Gina Schoeman about the SARB’s decision to hike interest rates by 25 basis points as rising fuel and food prices driven by the Middle East conflict reignite inflation concerns. In other interviews, John Steenhuisen, Agriculture Minister talks about the Pretoria High Court’s landmark interim ruling allowing private procurement and administration of Foot-and-Mouth Disease vaccines without direct State veterinary oversight, the Department of Agriculture’s response to the judgment and concerns around biosecurity and disease control in South Africa. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Petri Redelinghuys of Herenya Capital Advisors weighs in on the Mag 7 as the basket trades at all-time highs: buy, sell or hold? Vishal Rama from Prescient previews this afternoon's MPC rate decision: hike or unchanged? Plus, Ahmore Burger-Smidt of Werksmans Attorneys unpacks changes to M&A regulations that could streamline the process.

Stephen Grootes speaks to Citi South Africa economist Gina Schoeman about the SARB’s decision to hike interest rates by 25 basis points as rising fuel and food prices driven by the Middle East conflict reignite inflation concerns. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Mandy Wiener speaks to Econometrix Chief Economist, Dr Azar Jammine about Reserve Bank’s MPC that is expected to hike interest rates by 25 basis points. The Midday Report with Mandy Wiener is 702 and CapeTalk’s flagship news show, your hour of essential news radio. The show is podcasted every weekday, allowing you to catch up with a 60-minute weekday wrap of the day's main news. It's packed with fast-paced interviews with the day’s newsmakers, as well as those who can make sense of the news and explain what's happening in your world. All the interviews are podcasted for you to catch up and listen to. Thank you for listening to this podcast of The Midday Report Listen live on weekdays between 12:00 and 13:00 (SA Time) to The Midday Report broadcast on 702 https://buff.ly/gk3y0Kj and on CapeTalk https://buff.ly/NnFM3Nk For more from The Midday Report, go to https://buff.ly/BTGmL9H and find all the catch-up podcasts here https://buff.ly/LcbDdFI Subscribe to the 702 and CapeTalk daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

Nick Kunze of Sanlam Private Wealth explains why the MPC's decision to raise interest rates by 25 basis points was the best possible outcome. He unpacks the rand's continued good performance against the US dollar and highlights AI stock performance in the US markets. He also discusses the oil price and how the 46% rise in the petrol price is the single biggest driver of inflation in South Africa. SAfm Market Update - Podcasts and live stream

Africa Melane speaks to Jason Hamilton about expectations ahead of the SARB Monetary Policy Committee announcement and the potential impact of another interest rate hike on consumers, property markets and the broader economy. Early Breakfast with Africa Melane is 702’s and CapeTalk’s early morning talk show. Experienced broadcaster Africa Melane brings you the early morning news, sports, business, and interviews politicians and analysts to help make sense of the world. He also enjoys chatting to guests in the lifestyle sphere and the Arts. All the interviews are podcasted for you to catch-up and listen. Thank you for listening to this podcast from Early Breakfast with Africa Melane For more about the show click https://buff.ly/XHry7eQ and find all the catch-up podcasts here https://buff.ly/XJ10LBU Listen live on weekdays between 04:00 and 06:00 (SA Time) to the Early Breakfast with Africa Melane broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3N Subscribe to the 702 and CapeTalk daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

She launched her firm on January 12th. Six weeks later she'd billed $120,000 — working off an Excel spreadsheet, a phone, and zero AI. While most of the industry is convinced the next placement is one shiny tool away, Lauren Lehman quietly proved the opposite, and this conversation breaks down exactly how she did it. Before we get into it — this episode is brought to you by Atlas, the AI-first recruitment platform built to eliminate admin. The resume never tells the full story, and Atlas captures every candidate conversation automatically so nothing gets buried in your notes. With MagicSearch you can ask things like "who mentioned they're open to relocating next year?" and pull the answer from your entire database instantly. Atlas customers have reported over 40% EBITDA growth and over 80% increase in monthly billings after adopting the platform. Get started and unlock your exclusive listener offer at recruitwithatlas.com. Lauren spent nearly a decade recruiting in healthcare and then accounting and finance before walking away from a comfortable, high-billing seat to start Manta Search. In this episode she's honest about the part nobody posts about: the fear of failing, the costs people underestimate, and the reality that you become marketing, payroll, admin, and AR the day you go out on your own. Her advice is to have the lawyer and accountant in place before you jump — then jump anyway. As she puts it, you build the parachute on the way down. The engine behind the $120K is less glamorous than the number suggests, and that's the point. Lauren treats business development as the circle of life for a desk — two to three hours every single day, calendar blocked, phone off, hitting 50 companies a block through calls, texts, voice notes, and LinkedIn. She walks Benjamin through her actual MPC scripts, why she leads with a candidate instead of begging for a job order, and why texting CFOs outperforms email every time. Spoiler: they text back, because they're people on their phones just like the rest of us. Then there's mushrooming — Lauren's term for turning one filled role into an entire account. She breaks down precisely how she asks a hiring manager for the introduction into legal, engineering, or IT without sounding opportunistic, when to make the ask, and how she follows up on open roles without ever becoming a resume pusher. This is the relationship game that replaced the transactional, burnout-driven headhunter mentality she ran during the pandemic gold rush, and the shift to a white-glove approach — including learning to say no to the wrong searches — is what made the model durable. And on the question every recruiter is wrestling with: Lauren thinks AI isn't good enough to replace the human part yet, and that leaning on it too early is quietly making recruiters lazy. She uses it where it helps on the back end, but the relationships, the follow-up, and the discipline are still hers. If you've been waiting for the perfect moment to go all in, this is the episode. Draw the line in the sand and start your six weeks now — because 2026 is your year. Connect with Lauren Lehman on LinkedIn: https://www.linkedin.com/in/laurentaylorlehman/

In this Snippets episode, Leon chats with David Yeaman, Founder and President of Molded Precision Components (MPC), about building a manufacturing business rooted in innovation, culture, and community.David reflects on growing MPC from a three-person startup into a company with more than 100 employees across two facilities, while creating meaningful, high-paying work in Oro-Medonte, a rural community north of Barrie. A major part of that mission has been giving people the opportunity to work closer to home, spend more time with their families, and avoid the long daily commute into Toronto.The conversation explores talent development, reshoring opportunities, advanced manufacturing, and the company's rapid pandemic pivot to produce millions of face shields and other medical products. David also shares the leadership philosophy that has shaped MPC's growth, including the importance of putting people first and building a culture where employees can thrive both professionally and personally.Listen in for a thoughtful conversation on entrepreneurship, resilience, and creating a business that has a lasting impact on both people and community.

PentecostMay 24, 2026Worship Service includes:Scripture Readings: Acts 2:1-4 and Acts 2:5-21Sermon:  What Does This All Mean? given by Rev. Dr. Carter LesterClick here for Worship Bulletin - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Welcome to Morrisville Presbyterian Church.No matter who you are or where you are on your journey of Faith,you are invited to MPC.Education Hour:Contact Pastor Alex Lester-Abdalla at alexlester-abdalla@mpcusa.net Worship Service:In-Person and Livestream begins at 10:30 a.m. each Sunday.Morrisville Presbyterian Church771 N Pennsylvania AveMorrisville, Pennsylvania 19067(215) 295-4191 Website: https://www.mpcusa.org Support the show

I sat down with Patrick from Ampli live at ConsenSys in Miami for a wide-ranging conversation that ran nearly an hour, and for good reason. Patrick went from studying political science in Germany and France to becoming a crypto tokenomics advisor, and now co-founder of Ampli, a company building the security infrastructure for AI agents that manage money. We got into why blockchain was essentially built for AI before AI even existed, how Ampli's Agent Control Room lets fund managers discover, deploy, and control agents without ever handing over the keys, and why 90% of crypto exploits last year came down to human error rather than smart contract bugs. We also talked about the future of stablecoins as geopolitical tools, why DeFi is bottoming out like the post-dotcom era before a decade-long bull run, and what a world looks like where every phone has a personal banker inside it. This is one of those conversations packed with insight for founders, fund managers, and anyone paying attention to where finance is actually heading. Disclaimer:Nothing 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: https://ampli.net/ Key points with time stamps: • [00:00] Patrick introduces himself, political science background in Germany and France, discovered Bitcoin and Ethereum in 2016, drawn in by smart contracts as a governance solution• [04:00] What Ampli is building, agentic capital management infrastructure that lets AI agents autonomously transact money and digital assets securely• [08:00] Why Ampli pivoted from consumer products to infrastructure, the agent capability grew faster than the security stack beneath it• [12:00] How Ampli's separation of powers works, agents only send suggestions, policies are written on-chain, and the agent never holds the keys• [16:00] The 90% statistic, security researchers found that over 90% of exploited crypto funds last year came from human error, social engineering, and front-end spoofing, not smart contract bugs• [20:00] Why blockchain was built for AI before AI arrived, it is cumbersome for humans but perfect for machines transacting value at scale• [25:00] What comes next in the agentic space, purpose-built agents, agent marketplaces, and agents subcontracting other agents• [30:00] The Visa study showing 90% of stablecoin transactions on Ethereum in 2024 were done by bots, proof the rails are ready for machine-to-machine finance• [35:00] DeFi trends, Patrick's thesis that DeFi is bottoming out like the post-dotcom era, with tokenization and institutional adoption set to drive a decade-long secular bull run• [40:00] Companies Patrick admires, Midas for disciplined tokenization and Fortify for MPC-based self-custody• [44:00] Ampli's Agent Control Room, their first product, letting fund managers discover, deploy, benchmark, and control agents• [48:00] Crypto's real product-market fits, stablecoins, yield, gambling, capital gains, and front-loading liquidity through ICOs and TGEs• [52:00] Stablecoins as geopolitical tools, how the US chose private stablecoins over CBDCs to spread dollarization globally, and what a future AI-native monetary primitive might look like• [56:00] Advice for founders, listen to potential clients obsessively, build toward customer needs, and always push toward profitability so investors chase you

We gathered to listen through one of the most singular debut albums ever made. Here's the recording of the chat. Niall is joined at our live listening event Listen Closely in the Big Romance by Cian Galvin aka Irish hip-hop producer and crate digger The Expert to discuss... DJ Shadow - Endtroducing (1996) A towering achievement in sample-based plunderphonics, music arrangements and turntablist-lead production techniques, DJ Shadow's 1996's debut album Endtroducing remains one of the most evocative and singular classic albums of recent times. Entirely built of obscure crate-dug samples using an Akai MPC60 sampler, Endtroducing's cinematic soundscapes finds a transportive space where emotionally resonant electronica and hip-hop meet - the middle ground between light and shadow. It is considered one of the best albums of all-time, and is certainly one of mine. * Support Nialler9 on Patreon, get event discounts, playlists, ad-free episodes and join our Discord community Listen on Apple | Android  | Patreon | Pocketcasts | CastBox | Stitcher | Spotify | RSS Feed | Pod.Link The third instalment of our loosely titled Plunderphonics series for the Nialler9 Listening Party brought us to a record that, thirty years on, still doesn't quite sound like anything else. DJ Shadow's Endtroducing, released September 16th 1996 on Mo' Wax, is a record built entirely from other records - and yet it sounds like nothing any of those records ever sounded like. If you missed the night, the podcast recording is above. What follows is a bit of context and some of what we got into. The trilogy so far We've now done The Avalanches' Since I Left You and J Dilla's Donuts as part of this loose series. All three are sample-based records. All three feel like complete worlds unto themselves. There's something about the constraint of working entirely within found sound that produces a particular kind of magic - you're hearing music that was already forgotten being given an entirely new life, filtered through the taste and instincts of one person with a singular obsession. Endtroducing is the most melancholic of the three. It's not a party record or a rap record in any conventional sense. It's a cinematic, introspective piece of work - breakbeats, jazz, psychedelia, hip-hop, all of it dissolved into something that feels like its own atmosphere. The kid from Davis, California Josh Davis grew up in Davis, California, then San Jose - both outside the main cultural centres, which is something he and Mo' Wax founder James Lavelle bonded over immediately when they first spoke by phone. Lavelle had grown up in Oxford. Both felt like outsiders to the scenes they were drawn to. Shadow was experimenting with a four-track recorder in high school and DJing on the campus radio station KDVS at UC Davis before he'd made a single release. By 1993 he was part of the Solesides underground hip-hop collective alongside Blackalicious, Lateef, and Lyrics Born. Lavelle found him through a B-side remix on a forgotten hip-hop promo, tracked him down through a friend at Tommy Boy Records, and told him: "Don't worry about choruses and verses, just push your sound further." That's more or less what he did. The equipment The entire album was made on an Akai MPC60 II, a pair of turntables, and an Alesis ADAT tape recorder that belonged to Dan the Automator. Shadow was 23 years old. The MPC could sample 2.5 seconds of stereo and store 13 seconds total. Everything on the record - the beats, the melodies, the percussion - had to be constructed within those limits. Self-imposed limitation producing something that infinite digital possibilities probably couldn't. There's a reason we don't really get records like this anymore, and it's partly because the tools have become too open-ended. The seams and the constraints are part of what gives Endtroducing its particular texture. The crates Shadow spent his days in the basement of Rare Records in Sacramento, a shop with records piled to the ceiling. He found a mummified bat down there once. The cover photograph, taken by B+, shows producer Chief Xcel and Lyrics Born (in a wig) in that same basement. It's as good a visual summary of the album's ethos as you'll find anywhere. He made it a rule to avoid sampling obvious or well-known material. The samples he pulled were largely from forgotten funk, soul, jazz, experimental, and sound library records - music that had no audience left and no commercial future. He rescued them. The liner notes credit everything, including the big clearance cases: Metallica, Björk, and the David Axelrod piano loop that anchors 'Midnight in a Perfect World'. Lavelle handled the clearances. "The samples were pretty easy to clear," he said. "It's different when you're sampling some Swedish drum break from 1970 than sampling James Brown." The album itself Endtroducing feels like a place. Not a collection of tracks but a world you enter at the start and leave at the end, slightly altered. The drums on 'Building Steam with a Grain of Salt', the disorienting loop of 'Changeling', the controlled chaos of the second half of 'Scatter Brain', the three-part sweep of 'Stem/Long Stem', the ache of 'Midnight in a Perfect World'. It's not a happy record. Shadow said himself that feelings of self-doubt and depression came through in the music during production. You can hear it. The Wire's first ever review called it "a debut of melancholic mediocrity." Melody Maker said "you need this record. You are incomplete without it." The bigger question There's a clip of Shadow in the Rare Records basement that gets used a lot in discussions about Endtroducing. He gestures around at the records and says: "Almost none of these artists still have a career. Ten years down the line, you'll be in here." It's a bleak thought, but also the central one. Sampling asks us to reckon with music's ephemerality - but it also offers a counter-argument. These records survived because Shadow found them. Their sounds are in the album. They're still being heard.

The pound has lost 95% of its purchasing power since 1971. Every fiat currency in history has eventually gone to zero. Bitcoin might be the first money that actually holds its value — and building the financial services around it is what Piotr, Product Manager at Xapo Bank, has spent years working on.In this episode, Jordan sits down with Piotr to explore:How Piotr Bedkowski went from ING Bank sceptic to fully orange-pilled BitcoinerWhy Xapo Bank only holds USD and BTC — and why that's a deliberate choiceThe case for borrowing against Bitcoin instead of selling itHow Xapo's underground vaults earned the nickname "Fort Knox of Bitcoin"Why rehypothecation of collateral is off the table at Xapo — full stopEarning yield and monthly Bitcoin income from your existing stackWhat the "iPhone moment" for global Bitcoin adoption might actually look likeWhy Bitcoin-backed lending rates should, in theory, be the lowest in the worldTIMESTAMPS:00:00 Intro — Bitcoin is currency for the people01:00 Welcome and Piotr's background02:00 Joining Xapo Bank and building wealth products04:00 Bitcoin-backed lending and yield on Bitcoin06:00 Discovering Bitcoin twice — and why most people do09:00 Looking for the next Bitcoin (and why that's a mistake)10:00 Currency debasement — Argentina, Europe, and everywhere else13:00 The history of money and why fiat always fails17:00 What Xapo Bank is actually building and why19:00 Self-custody vs. custodial — meeting people where they are22:00 Inside Xapo's vaults — the Fort Knox of Bitcoin27:00 MPC security and why transactions are now near-instant32:00 How Xapo decides what products to build next38:00 Bitcoin-backed cards and what's coming42:00 Zero rehypothecation — and why it matters44:00 The iPhone moment and Bitcoin's next ten years48:00 Why Bitcoin-backed lending rates should be the lowest

AUA2026 Spotlight: PARP-Inhibitor Combination Treatments for the Urologic Care Team CME Available: https://cme.auanet.org/URL/PARP26ONL LEARNING OBJECTIVES: At the conclusion of this CME activity, participants will be able to: 1. Integrate biomarker and genetic testing principles into clinical workflows for patients with metastatic prostate cancer, including when to order testing, how to interpret HRR mutation results (inclusive of BRCA and non-BRCA), and how to address barriers to testing through multidisciplinary coordination. 2. Explain the mechanism of action of PARP inhibitors and the biological and clinical rationale for their use—both as monotherapy and in combination approaches—in the treatment of mPC. 3. Evaluate emerging efficacy and safety data on PARPi combinations, including patient subgroup analyses, sequencing strategies, and the role of combination therapy in different stages of mPC. 4. Apply best practices for side effect monitoring and mitigation in patients receiving PARP inhibitors alone or in combination, leveraging the multidisciplinary team for optimal therapy management and patient quality of life. 5. Implement guideline-concordant care strategies in practice, including genetic testing workflow implementation, coordination among care team members, and patient engagement in shared decision-making and clinical trial enrollment. 5. Utilize current evidence-based guidelines to select and sequence PARP inhibitor therapy for patients with mPC, optimizing oncologic outcomes while individualizing care based on molecular profile and patient-specific factors. ACKNOWLEDGEMENTS: Support provided by independent educational grants from: Astrazeneca Merck & Co., Inc Pfizer, Inc.

En este episodio de The Milk Check en Español, Diego, Yara y Miguel analizan uno de los mercados lácteos más inciertos de los últimos años. El equipo conversa sobre la limitada disponibilidad de leche en algunas regiones de Estados Unidos, la fuerte demanda de leche ultrafiltrada, el sólido mercado de exportación de quesos y por qué el mercado de leche descremada en polvo sigue desconectado de los fundamentos tradicionales. También hablan sobre el incremento en los costos de flete, la creciente necesidad de SMP en México, el cambio en el comportamiento de compra de los clientes al construir inventarios de seguridad y cómo las tensiones geopolíticas, negociaciones comerciales y la volatilidad global están impactando los mercados lácteos alrededor del mundo. Desde NFDM y quesos hasta fletes, futuros y comercio internacional, este episodio cubre los factores más importantes que están definiendo el mercado lácteo actual. ¿Tienes preguntas? Nos encantaría escucharlas. Envíalas abajo y podríamos responderlas en el pódcast. Pregúntale a The Milk Check Diego Carvallo: Buenas tardes a todos nuestros queridos clientes y, proveedores. Los saludamos desde la ciudad de San Luis, donde estamos Miguel, yo, y Yara esta semana reuniéndonos con el equipo para reuniones de estrategia y análisis de mercado. Y bueno, bienvenidos al pódcast de esta semana. Estamos a mediados del mes de mayo con muchísima incertidumbre, muchísimas, eh, comentarios y preguntas sobre el mercado. Yara Morales: Sí, saludos a todos. Miguel Aragón: Así es, sí nos estamos reuniendo aquí en nuestra reunión trimestral, viendo, tratando de, ver la bola de cristal, pero no, no, no, no, está, está- no aparece, no aparece. Yara Morales: Sí, yo creo que las mismas preguntas que nosotros tenemos las tienen todos los clientes y los proveedores también. La verdad, es una incertidumbre todo lo que está pasando con el mercado. Es un año de verdad muy a-atípico, muy diferente a todos los años. O sea, ya, ya muchos clientes hasta nos dicen: «Pues ya no me sirven las referencias que tenemos de todos los estadísticas que teníamos anteriormente». La verdad, ya no, no. Ha sido un año muy difícil para todos. Así es. Diego Carvallo: Si quieren, podemos comenzar hablando un poquito de, de la parte de fluidos y después pasar a, a los productos. Eh, así entendemos un poquito cómo, cómo se sienten los fundamentos. Em, bueno, hemos tenido varias reuniones con el equipo de fluidos y, eh, a pesar de que el número de producción de, de leche de Estados Unidos sigue estando bastante bien, eh, seguimos teniendo un crecimiento bastante sano en la producción de leche, em, estamos viendo, eh, que para el medio del spring flush, que estamos actualmente, no pareciera haber sobrantes de leche, eh, a descuentos tan significativos como lo que había en los años anteriores. Y, eh, eh, la verdad es que ha creado algo de, eh, dudas, algo de preocupación, sobre todo para el equipo de fluidos, porque en estos momentos usualmente estamos viendo la, las cargas de leche descontadas a, a unos descuentos muy importantes y este año no ha sido el caso. Entonces, eh, hay mucha discusión y mucha, eh, como conversaciones sobre la demanda, sobre todo la demanda de lo que son, eh, las cargas ultrafiltradas, que está muy, muy fuerte esa demanda y pareciera que las plantas todavía tienen más capacidad para absorber leche. Em, por el otro lado, la parte de la crema sí está bastante larga, hay bastante producto disponible, pero lo que es la ultrafiltrada y la leche líquida, pareciera que con toda la capacidad nueva que agregamos este año, em… Hay suficiente planta para absorber ese crecimiento. Miguel Aragón: Así es, así es. Eh, un comentario importante que nos hacían los-nuestros compañeros es el de que en estos tiempos las– usualmente las cargas se compran o se mueven a descuento y este año no, se están moviendo a la par, lo cual está causando una incertidumbre bastante alta en el mercado. Diego Carvallo: Si, si ese es el caso ahora en el pleno flush, pues el mercado debería sentirse muy ajustado una vez salgamos del flush. Exacto. Y entremos en periodos de baja producción. Miguel Aragón: Exactamente. Eso lo, lo estamos empezando a ver en, en, en el mercado de futuros, eh, por lo pronto en el lado de lo queso. No sabemos qué tanto se ajuste, pero nos da algo de, de, de pausa ahí de- Sí. Yara Morales: Porque si siguen, este, mandando la leche para la clase uno, que es para toda la leche fortificada, para lo que es el, el, el yogur griego y, y lo que es el cottage, pues la verdad es que mucha leche se va a ir para allá. Eh, va a estar todavía muy escasa. Clase uno y clase tres. Diego Carvallo: Clase tres. Mhm. Exactamente. Clase uno y clase tres. Es importante aclarar también que e-e-ese panorama que estábamos describiendo es sobre todo lo que es, eh, al este de las montañas, de los Rockies. Todo lo que es California y la costa oeste, sí tengo entendido que hay bastante leche. Hay bastante leche. Que la leche sigue bien larga. Sí, así es. De hecho, uno, ayer coment– eh, estaba en plática con un-uno de nuestros proveedores y nos decían que tienen suficiente leche para las plantas de queso, en, por lo menos en California. Eh, y lo que comentabas, Diego, definitivamente esto se está viendo para el lado este y para el, el, de hecho, plantas en el centro del suroes– en el sureste. Sí, sí. El caso de la costa este ha estado muy ajustado de hace muchos años. Bueno, este año, eh, ese nivel, ese tightness, esa falta de leche, se ve aún más, eh, pronunciada. Em, bueno, con eso podemos entonces hacer como un, un cambio y empezar a hablar un poquito más de los, de los subproductos. Eh, Miguel, ¿quieres hablar un poquito de la parte de quesos antes de entrar en, en los polvos? Sí, sí. De hecho, ah, es, el– aunque el mercado doméstico sigue teniendo suficiente producto para la demanda que tenemos, el mercado de exportación es completamente otro tema. Eh, más que u– esta semana estamos viendo algo de movimiento en los mercados de Asia y, este, y Oceanía, con la, una demanda que se está incrementando. Miguel Aragón: Ojo, cuando eso es, esos mercados se llevan bastante producto. Habían estado algo dormidos, eh, las últimas Seis semanas, ocho semanas. Pero estamos viendo que ahora al parecer la están ya buscando producto otra vez. Eso tal vez nos va a poner algo de, de restricciones de producto para México, Centroamérica, Suramérica, porque al parecer lo pagan mejor, eh- Estados Unidos es el país más competitivo en este momento para lo que son quesos, ¿no? Sigue siendo el más competitivo. Así es, así es. Aunque hay algo de, de sobre todo mozzarella, de, de, de– hubo algo de producción en Europa, pero no, seguimos siendo los más competitivos, Diego Carvallo: sobre todo en los cheddar. Ya, ya, ya. Okey, interesante. ¿Y si están viendo, eh, en lo que va de año un aumento en todo lo que son exportaciones a esas regiones? Sí, todo, Miguel Aragón: sí, los, los mercados a los que hemos exportado siguen creciendo, sigue creciendo la demanda. Eh, aún no podemos ver, eh, cómo, se desparrama la demanda o cómo, cómo se– cuándo es más demanda y menos demanda, porque ha sig– ha seguido creciendo constantemente. ¿Y Diego Carvallo: cuál es, eh, tu outlook para el resto del año? ¿Estás– tú sientes que el mercado ha conseguido un soporte bastante claro y que la demanda puede mantener los precios actuales o, o sientes más bien que en algún momento podemos volver a caer? No, la, creo que Miguel Aragón: estamos en un, en un, tenemos un piso. Ya. Y aunque hemos creído que vamos a estar en un rango, al contrario, creemos que tal vez, eh, el mercado empiece a tratar de, de, de, de subir un poco, de apuntar para arriba- De romper esa resistencia. De romper esa resistencia hacia arriba. Pero, ah, todo depende cómo, cómo siga la demanda doméstica, porque eso es lo que nos va, nos va a marcar Diego Carvallo: la pauta. ¿Y el tema de la guerra en Irán está afectando en algo la demanda de los clientes de ustedes en el sureste asiático? Miguel Aragón: Definitivamente, definitivamente. De hecho, tuvimos algo de cargas nosotros que, que anduvieron dando vueltas. Hasta en la India teníamos cargas que, que iban a, a Arabia Saudita, eh, y nos, nos afecta a nosotros, pero está afectando a todos los productores también. Eh, y es un mercado por varias cosas. U-una, porque no podemos entrar, pero otra, la más importante, es porque las aseguradoras no nos están asegurando las cargas que van para ese mercado. Nadie las asegura y si no las aseguran El mercado claro no puede, no puede tomarlo, no puede tomar ese producto Es demasiado riesgo. Ya, Diego Carvallo: ya, ya. Miguel Aragón: Imagínate Yara Morales: el transporte, cómo se está incrementando también Diego Carvallo: con todo eso. Eso es lo siguiente, eso es lo siguiente. Es un tema que vamos a hablar también, que está afectando sobre todo a los productos más económicos, porque representan un porcentaje más alto del, del costo del producto. Sé que ahorita todo el mundo quiere hablar mucho de nonfat, así que si quieren pasamos un poquito a hablar ese tema- Nos dedicamos al nonfat. Que es el más complicado en este momento. Eh, mira, en pocas palabras, yo diría, en este momento estamos viendo un mercado que está de cierta manera desconectado entre lo que es lo, lo que estamos viendo en los fundamentos con lo que estamos viendo en la realidad del mercado físico. Los fundamentos, eh, apuntan y todos los reportes del USDA apuntan a que hay un crecimiento en la producción de nonfat, hay un crecimiento en la producción de SMP y hay inventarios relativamente sanos. Sin embargo, lo que estamos viendo en el mercado spot, en el mercado actual, es algo bastante distinto. Y puede ser por algunos factores como los de los recalls que tuvimos, eh, ¿cómo se dice un recall en español? La- Reclamos. Un reclamo de producción que tuvimos durante los últimos meses que ajustaron el mercado, pero la realidad es que el mercado spot, el mercado físico actualmente sigue estando sumamente ajustado. Hay muy poco producto, la mayoría de las plantas siguen completamente sobrevendidas. Eh, los traders y revendedores tienen muy poco inventario en mano. Y también vemos ese mismo patrón desde el punto de vista de los clientes. La mayoría de los clientes siguen todavía bastante cortos de producto y necesitan may-mayor, mayor volumen para saciar sus inventarios de seguridad y su producción. Entonces, eh, yo diría, en el corto plazo todavía vemos un mercado bastante bien sostenido, pero creemos que una vez pase el spring flush, después de estos dos próximos dos meses, deberíamos ver una mejor correlación entre lo que es el mercado físico o el CME Cash y el mercado de futuros. Y creemos que principalmente el CME Cash debería hacer gran parte de ese trabajo para llegar a un nivel más cercano a donde están los futuros. Es decir, creemos que debería haber cierta, eh, corrección y consolidación en un nivel posiblemente cercano a, a los cuatro mil quinientos, cuatro mil seiscientos, para de ahí poder buscar, eh, opciones de moverse para más arriba o mantenerse firme el resto del año. Sí somos, eh, creyentes de que el resto del año el polo va a seguir bastante ajustado, pero no creemos que nos podamos mantener en los precios que estamos actualmente, que son dos dólares treinta por libra, que es un precio en el que ya empezamos a ver que la demanda se frena un poco Okey. Em, todo lo que son MPC, eh, MPC setenta y MPC ochenta han seguido mucho ese patrón en el que el mercado está muy ajustado, no hay suficiente producto y hay mucha demanda que ha venido de sports nutrition, de otras aplicaciones a buscar, eh, sustitutos en el mercado del MPC. Em, Yarita, cuéntanos un poquito cómo has visto tú la demanda, cómo has visto a tus clientes en México, eh, ¿cuál es la expectativa de mercado desde el punto de vista del cliente mexicano? Yara Morales: Bueno, la, la verdad es que con toda la escasez que hubo en los primeros meses y que no podíamos surtirles la leche, porque todos los proveedores nos agarraron sin inventario y a México lo agarraron sin inventario. Afortunadamente, ya a partir de marzo, abril, ya empezaron a recibir producto. Entonces, ahorita los clientes en México tengo entendido que ya tienen un poquito más de inventario. Aparte, pues están cerrando contratos, eh, se está comprando SMP de, de Europa, los que tienen cupo y el producto va a empezar a llegar ya en mayo y son precios más competitivos. Los precios tan altos, los, eh, clientes finales, pues obviamente tienen una resistencia ya a pagar estos precios tan altos y empezaron a utilizar la leche fresca, que había bastante, ¿verdad? Este, podían encontrar hasta de cuatro pesos por litro. Ahorita ya no hay, se está escaseando. Todo el norte de México, ya la leche fresca está escaseando demasiado. Ahorita hay un poco más en el centro, que es donde también hay bastante producción de leche fresca, pero va a llegar el momento, como ya a finales de junio, julio, que empieza a escasear la leche fresca. Entonces, definitivamente va a haber una necesidad de leche descremada. Aparte de las formulaciones, pues ya las tienen con la leche descremada. Y la verdad es que todavía sigue habiendo, este, demanda. Ya no igual como en un principio que estaba todo mundo desesperado tratando de conseguir y recibir algo, pero de cualquier manera sigue la demanda, sigue todavía los clientes tratando de conseguir producto. Diego Carvallo: Y es difícil que no vengan a comprar a Estados Unidos. Por eso, por eso yo soy de la creencia que el mercado se va a mantener bastante firme por el resto del año, porque las importaciones de Europa sabemos que va a ser un volumen limitado, menos de diez mil toneladas, posiblemente para todo el año. Eh, si hay poca leche bronca en México, no van a tener otra opción que o, o consumir menos o, o venir a comprar a Estados Unidos, en pocas palabras. Entonces, eh, sí, yo creo que eso debería dar soporte. Debería marcar al menos un piso en los precios de, del nonfat. Quería Miguel Aragón: a-adherir un poco una reseña. En el– ahora que estuvimos en Chicago atendiendo el ADPI, estuvimos juntas con algunos, ah, productores de, de, de comida aquí en Estados Unidos y nos comentaban algo que tal, tal vez quisiera ver ustedes qué opinan. Eh, muchos Yo era de la creencia que nada más en México compraban al día, por decirlo así, y, y no había contratos largos. Resulta que en Estados Unidos era la misma situación y con varias de las empresas que nos juntamos nos dijeron: es que ahora estamos tratando de decidir si contratamos toda la segunda mitad del año, eh, a estos precios o nos esperamos. Es la gran cuestión ahí con las empresas que estuvimos platicando dentro de Estados Unidos. Y eso era nonfat Diego Carvallo: también o queso también. Nonfat. Ajá. Principalmente. Nosotros hemos visto exactamente ese mismo patrón. Los clientes en Estados Unidos tenían inventario al día, tenían una carga de, que tenían que utilizar esta semana y a la semana siguiente les llegaba otra carga y no tenían inventario. Ahora la tendencia es comenzar a construir inventario de seguridad, proteger para al menos dos o tres meses para protegerse de que una carga esté demorada o que no haya producto. Así es, exactamente. Miguel Aragón: Creo que Diego Carvallo: es una reseña muy Miguel Aragón: interesante Diego Carvallo: que, no la había Miguel Aragón: visto yo Diego Carvallo: y se ve ahora. Y eso resulta en demanda adicional, porque eso a la final, cuando todos los clientes de Estados Unidos, muchos, tratan de crear inventario de seguridad a la misma vez, cuando el mercado está muy ajustado, crea un crecimiento en la demanda que no es artif– no es orgánico, pero sí crea una subida en la Miguel Aragón: demanda. Así es. Y creo que alarga esta, esta cuestión que estamos viendo ahora. Está ajustado. Sí, Yara Morales: y lo hemos estado viendo con los clientes de México, los queseros, los que tienen plantas de queso, que han querido cuando menos tener la seguridad de que van a tener el producto, por eso pagan los precios. Entonces, han estado comprando con precios hasta meses adelantados. Y es, y era algo que no se veía. ¿Por qué? Pues porque estamos tan cerca que pueden llevarse el producto, pues en una semana o dos semanas y ya tienen la leche. Pero ahorita con esta escasez, pues la verdad que prefieren cerrar contratos largos, aunque sean meses más adelantados. Diego Carvallo: Correcto, correcto. Un punto también importante mencionar es el costo, cómo está afectando el mercado los altos costos de combustible y de flete, sobre todo para productos económicos. Hace poco estuvimos cotizando algunas cargas de permeato a México y a diferentes partes de Asia, y el costo del flete ha subido muchísimo. Eh, es algo que también está afectando a muchos clientes y viene dado a raíz del conflicto en Asia. Eh, ¿cómo está afectando eso a, a su, a la demanda de queso? Miguel Aragón: Definitivamente nos está afectando porque en, en, como saben, manejamos, eh, tres líneas de queso nosotros. Manejamos el queso de primera, eh, que tal vez es el que no, no refleja tanto, eh, el, el incremento en flete, pero lo refleja, pero lo puede absorber un poco más. Pero en el producto, ah, grado B que decimos nosotros, que se supone que era un poco más barato, eh, sí le afecta porque es un producto más barato. Y ahora el producto, eh, que manejamos para reproceso, que es el producto barato, es el producto para extender la proteína en el queso, eh, para hacer más queso, sobre todo queso análogo, ahí sí se sintió fuerte el i-el impacto del flete, porque a veces son– o sea, ha subido cuatro o cinco centavos por libra de diferentes lugares. Depende de, depende de la geografía de Estados Unidos, de donde estemos mandando el queso y es donde más nos ha afectado. Totalmente. En el Diego Carvallo: producto más barato. Igual que- Y, y no solo es en fletes marítimos, sino en fletes terrestres. La parte del transporte en camión en Estados Unidos ha subido mucho. Nosotros solíamos pagar cuatro o cinco centavos para mover una carga de California a El Paso. Hoy en día ese precio está cercano a los seis, o sea, ha subido un cerca de un 20 % En, en la– cuando movemos Miguel Aragón: produ– movemos queso de, de, de Washington a, a El Paso, estábamos pagando trece centavos la libra. Hoy día diecisiete centavos, a veces dieciocho centavos. Y de-dependiendo también si, si se empieza a mover algo como de, digamos, de, del sur, de, de, del suroeste, cuando empieza a moverse mucho melón o cosas así, o cuando viene la temporada de árboles de Navidad, depende de la temporada, esto va, va a incrementarse aún más. Sí. Yara Morales: Igual que el refrigerado. El refrigerado se estaban pagando doce centavos y ahorita ya están cerca de dieciocho centavos. Entonces sí ha Miguel Aragón: subido bastante. Sí, sí, sí, nos está afectando en el queso, en la, en el movimiento del queso y en el movimiento de la mantequilla, definitivamente. Yara Morales: También. El Diego Carvallo: último tema que nos ha preguntado mucho la gente. Cuéntenos un poquito sobre el tratado de libre comercio y qué expectativas hay ahora que se vuelve a negociar entre Estados Unidos y México Bueno, Yara, tú ya has escuchado porque- La verdad, Yara Morales: hay mucha incertidumbre, hay muchas preguntas. Eh, ahora en junio que viene la revisión, pues, mmm, son varios, varios factores, ¿no? Se viene el, la revisión del Tratado de Libre Comercio y se viene el Mundial de fútbol en los tres países. Entonces todo el mundo anda como que muy alterado con todo eso, porque no saben, no sabemos qué es lo que vaya a pasar, no sabemos cómo se vaya a, a mover ese Tratado de Libre Comercio, si se va a renegociar, qué porcentajes pudieran darse o si vamos a quedar en cero, que es lo que todo mundo pretende, porque pues es la economía de México. La economía de México realmente necesita ese Tratado de Libre Comercio. Y, este, y yo creo que todos, porque para todos es un beneficio, ¿no? Inclusive para Estados Unidos. Entonces hay mucha incertidumbre, ¿no? La verdad, mmm, yo pregunto y ando investigando y todos mis clientes pues no saben qué es lo que vaya a pasar. Miguel Aragón: Así es. Y nos está… esta incertidumbre nos afecta día a día, eh, sobre todo con México por la cuestión del tipo de cambio, porque sale un encabezado y se dispara el dólar, eh, sale otro encabezado y se fortalece el peso. Es cuestión de todos los días, todos los días, este, y las, la cuestión política nos, nos, sí nos está afectando bastante. No, Diego Carvallo: no hay certidumbre. Miguel Aragón: Claro. Eh, pero una cosa superimportante que, que, que creo que está, eh, afectando algo lo del tratado y muchas otras cosas es que se nos vienen las elecciones primarias en, en, aquí en noviembre- Estados Unidos. Estados Unidos. Y a eso tú sabes que- Es muy importante. Es muy importante, porque hay que mover el, el, el, el, el, el, lo que piensa el público. Claro, hay que ganar los votos. Y hay que ganar los votos y aquí vamos a ver si se va a hacer cosas para, para tratar de tener algún efecto sobre eso. Y muchas veces no tiene nada que ver con México, Diego Carvallo: obviamente, también las de Irán, pero el mercado, básicamente, yo creo que va a mantener mucha volatilidad, va, va a haber mucha incertidumbre y, eh, las, las monedas van a tener, obviamente, como resultado una variación bastante violenta. Los bancos nos afectan. Exactamente. Yara Morales: Sí. ¿ Diego Carvallo: Qué otro punto importante? Definitivo, Yara Morales: definitivo. Ay, pues yo creo que todo esto es bien interesante. Vamos a ver qué sucede. Este, no sé qué otra cosa podemos Diego Carvallo: manejar. Voy a estar, yo voy a estar en Antad la próxima semana. Eh, lastimosamente, esta vez no me van a poder acompañar Yara y Miguel Pero yo voy a estar en Antalas, así que con mucho gusto, eh, me, me encantaría conocer y encontrarme con algunos de nuestros clientes estando allá. Así que no duden en, en contactarnos. Así es, así es. Desafortunadamente, Miguel Aragón: yo Diego Carvallo: no Miguel Aragón: voy. Sí. Ah, pero yo voy a estar en, en, en Alimentec, en Bogotá, creo que es. Entonces, si alguien nos está viendo en Colombia o que vaya a estar en Alimentec, por ahí estamos. Excelente, excelente. Que Yara Morales: por cierto también va a haber elecciones en Colombia. Miguel Aragón: También. Así es. Sí, Yara Morales: también va a haber elecciones en Colombia. Hay que ver cómo, cómo se- Más volatilidad. Se ve todo. Más volatilidad todavía. Más Diego Carvallo: gasolina al fuego, sí. Bueno, mil gracias a todos. Gracias, Miguel y Yara. Gracias. Gracias, gusto en Yara Morales: saludarlos a todos. Bye

Crypto markets are becoming faster, more fragmented and increasingly automated. But as AI agents, prediction markets and autonomous trading systems grow, a major question is emerging: Who is watching the market manipulators? From spoofing and wash trading to insider trading in prediction markets, the next generation of financial crime may look very different from what regulators and compliance teams are used to.  In this episode, we discuss: - Why market manipulation in crypto is becoming harder to detect - How spoofing and layering evolved across exchanges and blockchains - Why prediction markets create entirely new compliance risks - The growing role of AI agents in autonomous trading - How bad actors coordinate across platforms, wallets and social networks - Why regulators are focusing heavily on insider trading in prediction markets - The challenge of monitoring cross-chain and cross-platform activity - Why legacy compliance systems are struggling with alert fatigue - How AI-powered compliance agents may become the future of surveillance - The balance between innovation, regulation and consumer protection - Why the future of finance is increasingly moving on-chain As crypto, prediction markets and AI converge, the attack surface for fraud and manipulation is expanding rapidly. This conversation explores what the next era of market surveillance and crypto compliance may look like. This podcast is sponsored by BRON Do you believe in self custody, but hate that one mistake or one lost phrase can wipe everything out? BRON is a self custody wallet built by the team behind Copper, designed to work the way people actually use crypto. Your balances stay private, not visible on public blockchain explorers. You can swap across chains with fees as low as 5 to 10 basis points. And if something happens, built in inheritance makes sure your assets do not disappear forever. Instead of seed phrases, BRON uses MPC encryption and trusted Guardians you choose, so recovery is possible without sacrificing control. BRON is for people who want self custody without stress, and features usually reserved for institutions.  Learn more through the link: https://go.bron.org/henriarslanian09

Crypto regulation in Q1 2026 reshaped the stablecoin and digital asset markets with the OCC's 376-page Genius Act proposed rule, the SEC's five-category crypto asset classification, and new AML data from FATF and Chainalysis. Tedd Huff, CEO of fintech advisory firm Voalyre and founder of Fintech Confidential, breaks it all down with Robert Musiala, Partner at Baker Hostetler and co-lead of their Web3 practice.The OCC introduced the PPSI framework that every future stablecoin issuer must follow, while at least 15 crypto-native companies raced to file trust charter applications. The SEC named 18 tokens as digital commodities, replaced the "decentralization" test with a central party control standard, and Chairman Atkins previewed up to three safe harbor proposals under a tentative Regulation CA. On the enforcement side, 84% of illicit crypto transactions in 2025 involved stablecoins, the DOJ seized $61 million in USDT, and North Korea expanded state-sponsored theft into remote IT worker schemes targeting US businesses.Find out more1️⃣ Map your Genius Act transition now; the 18-month implementation window is closing fast and companies that filed trust charters in late 2025 are already positioned.2️⃣ Vet every outsourced IT vendor accepting stablecoin payments for shell company ties to state-sponsored actors.3️⃣ Audit your tokens against the SEC's five-bucket test before the safe harbor proposals drop.4️⃣ Stress test your AML program against stablecoin-specific risks like peer-to-peer transfers, multi-hop wallet chains, and shell IT vendor payments flagged by the DOJ and FATF in Q1.5️⃣ Model your Q3 budget with and without yield revenue in case the OCC's related third-party restrictions survive.LINKSGuestRobert MusialaLinkedIn: https://www.linkedin.com/in/robert-musiala/Baker Hostetler: https://www.bakerlaw.com/people/robert-musialaBlockchain Monitor: https://www.blockchainmonitor.com/CompanyBaker HostetlerWebsite: https://www.bakerlaw.com/Web3 & Digital Assets Team: https://www.bakerlaw.com/practices/web3-digital-assetsLegal Resources: https://www.bakerlaw.com/insightsHostTedd Huff: https://www.linkedin.com/in/teddhuff/Linkedin: https://www.linkedin.com/company/fintechconfidentialFintech ConfidentialYoutube: https://youtube.com/@fintechconfidentialPodcast: https://fintechconfidential.com/listenNewsletter: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSUPPORTERSDFNS: Wallets as a service, API first, multi-chain, secured with MPC across 50+ blockchains - fintechconfidential.com/dfnsSkyflow: Zero trust data privacy vault for PCI, CCPA, GDPR, SOC 2 compliance - skyflowsecure.comHawk: AI tools for real-time payment screening and fraud prevention - gethawkai.comABOUTRobert Musiala is a Partner at Baker Hostetler where he co-leads the firm's Web3 practice. He authors The Blockchain Monitor, one of the longest-running legal blogs covering crypto regulation, enforcement, and policy developments. His practice spans both traditional financial institutions and crypto-native companies.Baker Hostetler is a national law firm with deep expertise in financial services, securities, and emerging technology law.Tedd Huff is the CEO of fintech advisory firm Voalyre and founder of Fintech Confidential. The show is produced by DD3 Media and brings you the people, tech, and companies that change how you pay and get paid.CHAPTERS00:00 Episode Highlights01:18 Welcome to Fintech Confidential01:27 Dfns: Wallets as a Service (sponsor)02:47 Show Intro And Guests05:30 Genius Act Rulebook07:38 Reserve Rules Explained13:08 Charter Rush Begins18:11 Banks Vs Crypto Score20:49 Deposit Flight And Yield25:58 Wyoming And SoFi Models29:38 SEC Five Bucket Guide32:49 Digital Commodities Line37:35 Munchee Vs Meg Prime39:21 Sky Flow: Building Fast and Secure (sponsor)40:23 Back To Atkins Agenda40:58 Atkins Next Moves43:21 Regulation CA Safe Harbors45:39 Stablecoins And Illicit Use50:25 Freezing Burning Reissuing54:13 Offshore Crackdown FATF56:24 North Korea Crypto Threats59:28 Q2 Watchlist OCC Yield01:05:11 Safe Harbor And CLARITY01:10:33 Advice For Builders Q201:13:20 Wrap Up And Sponsor01:14:08 Hawk AI - Realtime Fraud Monitoring (sponsor)01:14:53 Disclaimer

Review Guide: Criminal Law Machine Criminal Law Machine: How the System Operates and How to Break It Down for the BarThis episode takes you through the intricate mechanical world of criminal law—how the law is designed like a machine with gears, off switches, and fail-safes. Whether you're a law student preparing for exams or a legal enthusiast, understanding this structure helps you see how the state exercises its power, and how defenses can jam the system.Most people assume criminal law is straightforward: if you commit the act and have the intent, you're guilty. But beneath that simplicity lies a highly engineered machine—precise, unforgiving, and built to protect human liberty. In this episode, we dissect the complexities that keep the criminal justice system fair and accurate, revealing how the state's ultimate power is meticulously constrained by constitutional boundaries, causation chains, and mental state doctrines.You'll discover the true purpose of punishment—beyond revenge—to understand its role in deterrence, incapacitation, and rehabilitation. We break down the core elements of a crime—act, intent, causation, and concurrence—showing how a single missing gear can make the entire machine grind to a halt. The episode dives into the subtleties of actus reus, emphasizing that only voluntary acts and legally recognized omissions count, and explains the key exceptions that often trip up exam takers, like contractual duties and creating peril.We explore the four paths to murder, unraveling the real differences between purposeful, knowing, reckless, and negligent states of mind, and how they map onto homicide classifications like first-degree murder, manslaughter, and felony murder. The intricate analysis of causation reveals why some intervening acts break the chain, including medical negligence and intentional third-party actions, highlighting the importance of foreseeability and fairness in assigning liability.Designed for exam success and deeper understanding, this episode clarifies the tricky distinctions between attempt, conspiracy, and solicitation—showing how the Pinkerton rule turns co-conspirators into liabilities for all foreseeable crimes committed in furtherance of their pact. We also dissect the vital affirmative defenses—justifications like self-defense and necessity, alongside excuses such as insanity and duress—teaching you how to strategically dismantle or uphold the prosecution's case.Perfect for students, aspiring lawyers, and seasoned practitioners alike, this deep dive makes clear that criminal law is not just about rules—it's a philosophical gatekeeper that defines the boundaries of societal order. Master it, and you control the limits of state power. Fail to understand the machine's precise mechanisms, and justice itself stalls.If you're preparing for the bar, the LSAT, or simply want to see the law from a master engineer's perspective, this episode is your blueprint. The stakes are nothing less than liberty itself—know the gears, understand the boundaries, and learn how every component plays a role in ensuring only the guilty are punished.In this episode:The philosophical purpose Behind Punishment: Retribution, deterrence, incapacitation, and rehabilitationThe core elements of a crime: Actus reus, mens rea, causation, and concurrenceTypes of homicide: Paths of murder, manslaughter, and felony murder rulesThe mechanics of inchoate crimes: Attempt, conspiracy, and solicitationHow affirmative defenses—justifications and excuses—disarm the machineThe constitutional limits that protect individual rights against overreachDeep dive into mens rea standards: MPC levels from purpose to negligenceThe significance of causation, including superseding causes and foreseeabilityHow group crime liability via Pinkerton Rule impacts conspiracy chargesExamining legal traps and strategies for high performance in exams

Featuring Gary Liu, Co-Founder and CEO of Terminal 3, former CEO of the South China Morning Post, and a leader with experience across Google and Spotify. AI agents are no longer a future concept. They are already here, acting, transacting and making decisions. But there is a fundamental problem. We do not fully understand how they operate. And yet, we are rapidly integrating them into financial systems, enterprise workflows and digital infrastructure. This is not just a technology shift. It is a trust, identity and compliance challenge in the making. In this episode, we discuss: - Why identity is the biggest unsolved problem in an AI agent world - How agents can impersonate and misuse credentials - Why current fraud and compliance frameworks are not designed for AI behavior - The role of cryptography, decentralized identity and verifiable credentials - Why stablecoins and blockchain may become the backbone of agent commerce - The risks of data leakage and privacy breaches - Why enterprises need guardrails for AI agents AI agents do not think in terms of ethics or legality. They optimize for outcomes. And that changes everything. This podcast is sponsored by BRON Do you believe in self custody, but hate that one mistake or one lost phrase can wipe everything out? BRON is a self custody wallet built by the team behind Copper, designed to work the way people actually use crypto. Your balances stay private, not visible on public blockchain explorers. You can swap across chains with fees as low as 5 to 10 basis points. And if something happens, built in inheritance makes sure your assets do not disappear forever. Instead of seed phrases, BRON uses MPC encryption and trusted Guardians you choose, so recovery is possible without sacrificing control. BRON is for people who want self custody without stress, and features usually reserved for institutions. Learn more through the link: https://go.bron.org/henriarslanian09

Nonfat is sitting north of $2.25 on the CME spot market. But the bigger question is how long it can hold. In the latest episode of The Milk Check, the Jacoby team breaks down a dairy market that feels tight, fragile and increasingly dependent on timing. Here's what they're watching: Why nonfat prices surged, and what could break them How protein demand is pulling milk away from dryers Why MPC and MPI are outpacing nonfat What the inverted futures curve suggests for the second half of the year How depooling and Class III–IV dynamics are shifting milk flows Why butter feels weaker, even in the middle of flush Plus, the team talks through what happens if the nonfat market doesn't break soon. There's still a lot of milk moving. Just not where it used to go. Let the Jacoby team help you get up to speed on the new dairy market dynamics. Click below and listen to The Milk Check episode 98: A Market on Borrowed Time. Got questions? We'd love to hear them. Submit below, and we might answer it on the show. Ask The Milk Check Ted Jacoby III: Coming up on the Milk Check. Jacob Menge: if this doesn’t start falling soon, I think there’s gonna be people that are trying to make money on the short side of this thing because they didn’t make money on the long side. Ted Jacoby III: Welcome to the Milk Check from T.C. Jacoby & Co., Your complete guide to dairy markets, from the milking parlor to the supermarket shelf. I’m Ted Jacoby. Let’s dive in. Today is May 1st. It’s a couple of days after the ADPI and a couple of weeks after the Cheese Expo, and it’s usually after those two meetings a really good time to talk markets. So, we’ll go ahead and start with the market that everybody was talking about at the ADPI. Josh, Jake, Joe, what’s going on with our nonfat market? We’re at $2.26 today, I believe. Are we gonna stay up here for a while? Josh White: It’s a more challenging question than just the absolute price today. I think that if I were to summarize the show, there was a recognition across the entire dairy industry that there might be some legitimate reasons for nonfat to be tighter than they have been over the last several years. It feels like a lot of different things have resulted in the current spot price that we’ve seen today. Over the last five years, we globally have made more skim milk powder and nonfat. We’ve consumed more skim milk powder and nonfat, but the real story is in the fact that we’ve also made a whole lot more milk, and that milk doesn’t seem to have found its way to the dryer. Seems to have found its way to a variety of different products. And equally as important during the ADPI was the talk about the protein market, which I think we can likely get to later. But things like RDT products, beverages, protein consumption, cheese consumption, a lot of things have consumed incremental milk growth, particularly in the U.S., and that happened after many years where buyers had very little concerns over access to supply. And as a result, I think in the background we watched global inventories decline, and that all seems to have come to a head here in the early part of 2026. And now as we’re getting into the northern hemisphere flush, and particularly in middle America, yeah, then we have ADPI. And so, what’s interesting about your question is throughout most of the conference people were pretty convinced, “Yeah, we’re in a tighter nonfat market. We’re all buying into that.” Yet, the days following ADPI, we’ve seen futures sell off a bit and we’ve seen a little bit more volume traded at the CME spot call. What’s that mean going forward? Jacob Menge: The most interesting thing going forward is you don’t talk to single person that says these prices are gonna stick around for six months. And so it’s really a matter of timing, how long do we stay up here? I think we’re already up here longer than most anybody thought. And the other thing is, nobody got this market right. Some people got in at a buck 25. Those guys sold at a buck 40. They said, “I’m gonna take my 15, 20 cents and run.” And they felt like a genius for about three days before we were quickly at a buck 60. And we’ve got this really interesting dynamic of no market participant really happy with it being up here because nobody really made money on the way up. And everybody convinced that, okay it’s on the clock for when it comes off. And I’m not even gonna disagree with that, right? I don’t think anybody would argue that long-term we’re gonna have $2.50 nonfat in 2028 or whatever. But this really comes down to a question of timing, and I think that’s where you get mixed opinions. But in general, I think most people are of the opinion that it’s not gonna be that long before this thing does start to fall. I don’t have that strong of an opinion actually, but what I do have an opinion on is if this doesn’t start falling soon, I think there’s gonna be people that are trying to make money on the short side of this thing because they didn’t make money on the long side, that they’re gonna start feeling some pain. And as our curve has come up a bit over the past month, we’ve got this really interesting market conditions where, again, if we’re up at these levels even a month from now, two months from now sure, I’d make the argument, why couldn’t you have another squeeze higher? Because there’s still not that much product available right now today. We’re starting to see that change. We saw some really nice volume on the CME spot auction just this morning. But that’s what the eyes are on is how long does this thing take? And if it starts this week versus six weeks from now, I think those have very different implications for how the market reacts. Josh White: We’ve got three different reactions to the nonfat market right now. You’ve got the true nonfat participants that need product now, and that’s priced in the $2.25-plus type range right now on the countryside. And to your point, we’re seeing a few more loads available which is a decent sign. The market participants seem pretty convinced that we’re gonna see an easing from this price, but so are futures. And I think that’s another important thing to point out is that the futures curve is inverted and it’s quite a bit lower than the spot price today. So, you can have both situations. You can have a spot price drop while the futures price maybe doesn’t as much. Over the past few days, the futures curve has definitely traded lower, confirming what we heard there is that most people don’t believe in this market being as tight as it is currently into the future. And we have to remember, this is traditionally a globally traded product and our competitors across the pond are still quite a bit lower and making a whole lot of skim milk powder today. So, I think longer term, if the assumption is that we need to compete globally for at least some business, particularly in markets like Asia, we’re gonna have to be a little bit more aggressive to compete, but futures are saying we will be. Another important topic was now we’re starting to see an acceleration of the NDPSR price now that we’ve had several months of higher spot prices, and that’s starting to have an impact on markets other than just the powder market. And I think maybe, Gus, you would have a little bit more to say about how the market’s reacting to some of the component prices moving higher in the solids nonfat side of things. Gus Jacoby: The situation as we’ve talked about in the past is protein is being pulled in a lot of different directions and we don’t see that demand going away anytime soon. The one comment I would make though is your isolated protein, certainly UF milk in fluid form, are seeing some of the highest demand that we’ve seen in a very long time. So, if you’re cheese maker, if you wanna fortify, and certainly on higher butterfat milk, there’s plenty of folks that wanna fortify right now, there’s probably a little bit of a pull on all the skim solids at this moment in time. I don’t think that story has changed. We’ve beaten that up for a while. But that’s certainly gonna pull a fair amount of milk out of the dryer for nonfat. You look at where the capacity has been added, whether it be in the Southwest with all the large cheese plants that have been added there, and then Upstate New York where some dryers are also gonna sit idle as some new processing capacity comes on there. That’s two areas of the country that are gonna get a lot less milk into the nonfat dryers than previous. And certainly here we are now in the flush as these plants ramp up, it would typically be your highest powder production timeframe, and instead those solids are going elsewhere, and that will keep nonfat production down for the foreseeable future. Ted Jacoby III: Gus, are you seeing milk move towards Class IV plants instead of Class III plants this year? Gus Jacoby: We still see fortification solids during this flush finding its way into cheese plants. But that’s your surplus skim solids that might exist, and those are only available, I believe, because of the flush. Now, it’s not UF milk, right? UF milk tends to be going elsewhere whether it be going to some sort of IV or II-type arrangement, whether it be a high-protein beverage or a high-protein dry product. But you are still seeing a fair amount of condensed and other skim solids going to the cheese vat for fortification purposes. I think the way that will unfold likely is that those surplus skim solids that aren’t being turned into isolated protein products, they’re gonna probably get pulled out to a certain degree of the cheese plants, and then cheese plants will just not be able to utilize fortification as they are typically used to or would like as we move through the year. Ted Jacoby III: So, what you’re saying is if the price stays up here, the milk that is going into the dryers making nonfat will continue to do so longer than usual, and they won’t lose the flush-specific skim solids? Gus Jacoby: I don’t know if I’d agree with that, Ted. I think the flush, no matter where you’re at in the country, the surplus solids find its way to the dryer typically. And as we come out of the flush, certainly less solids everywhere will go toward the nonfat dryer, just as it always does during those seasonality changes and we come out of the spring. It’s just that the areas I talked about, Southwest and Northeast, they’re not getting near as much as they used to in the flush, and so overall that production is going to be missed upon the market. Ted Jacoby III: Do you sense any kind of competition right now between Class III and Class IV for the surplus milk, or is it just following its usual path? Gus Jacoby: There’s some surplus condensed solids going to cheese plants that if a better price could be had into a powder plant, it would go there. Ted Jacoby III: Okay. Gus Jacoby: And that’s happening predominantly in the upper Midwest, and maybe a little bit in other areas. But certainly if you’re gonna get a higher return going into cheese than you could going into powder, you’re gonna go after it right now. And that’s where the demand I would say is. But surplus is surplus, and you’re gonna sell it to the highest return you can. Ted Jacoby III: Okay. That sounds good. Joe, anything to add on the nonfat side? Joe Maixner: Any milk that is making it to dryers, they’re prioritizing the milk to try to get into the milk protein concentrate (MPC) sector or milk protein isolate (MPI) as opposed to nonfat because the return is better. Ted Jacoby III: Makes sense to me. Joe, Josh, are we seeing MPC prices rise faster than nonfat right now? Josh White: Yeah, no, it has to be faster than nonfat because basis is appreciating. You’ve got an MPC market that likes to trade on a multiple of nonfat, and that has appreciated. That has continued to increase. Now, again, I noted earlier we got an inverted forward curve, which means that basis can be going up and price could stay the same or even go down the second part of the year. So, that’s the dichotomy we’re dealing with right now, is that from a cost basis, it looks like it could be pretty okay the rest of the year. And if there’s dry time available, you would think you’re gonna maximize that MPC. And when compared to whey protein concentrate (WPC) prices, MPC 85 is a bargain. But again, not everyone can easily substitute between the two, and that takes some time for the market to figure out which market participants may be able to switch between WPCs and MPCs, may take a little time for them to make that switch. Ted Jacoby III: So, I just wanna clarify for the audience. There’s two different ways we can look at it. If we’re selling it forward into the second half of the year, from a market perspective, we may be selling it for a lower price because the futures curve is a lot lower than the cash price is today. But if we’re selling MPC or nonfat today, you’re telling me that the nonfat price has effectively doubled in the last three months, and the MPC price has more than doubled because not only has its basis doubled based on the nonfat market, but the overage above that has also gone up. Josh, you’re on mute. Josh White: I thought you said clarify for the audience, so I didn’t realize it was a question for me. Ted Jacoby III: Oh the answer is yes. That’s exactly what’s happening. Josh White: Yes. Nailed it. Ted Jacoby III: All right. So, basically what we’re saying is skim solids and protein are in high demand. That’s loud and clear. [Center commercial] Ted Jacoby III: Mike, what about from a federal order perspective, how this all feeds through the federal order? Obviously, since it’s a higher market right now, Class IV is what’s driving Class I prices. Obviously, it drives Class II prices. Is there anything else that kind of shifts around in a market like this? Mike Brown: There’s a couple things. First of all, a lot of your Class IV production is co-op owned. And what we’re seeing is depooling in Class IV, and to some degree Class II where it’s possible. So, rather than to go into the pool and get a blend price that’s below your class price, they’re electing to depool, just like we saw with cheese last fall when it was much higher than butter powder. We’re seeing some of that. But if you’re pooled, you’re ambivalent because you’re gonna pull the pool draw out anyway, and it’s not gonna make a lot of difference. It’s markets like the Southwest where a lot of that milk is never pooled or rarely pooled, and even in the eastern part of Kansas, changes in central order, you less have to pool it because the differential is so much wider now from Kansas City than it used to be. You may see more activity as you watch pool decisions being made since last June when the changes, people are getting a lot better at predicting whether or not they should be involved with the pool or not because it’s getting easier to predict because behavior is more what you’d expect. So, from my point of view, it has some effect, certainly, and if you’re trying to maximize a return to your owners and you have a plant with capacity and you get a higher value product, you’re gonna try to run the milk through that plant. Second part of that, of course, if you already have obligations, and some of these new cheese plants have supply obligations, they’re gonna get their milk regardless of the shift in price. So, it has less effect than you might think, but there is still effect, particularly if you’re having to pool your IV. There’s certainly a lot of IV being depooled right now. Production isn’t much lower. It’s just regionally shifted some, a lot more in the West Coast right now than in the Southwest. The orders kinda mute what would be the normal market decision to maximize return on milk for a producer because if you’re gonna blend it anyway, you don’t have the incentive that you do if you don’t. That said, right now, Class III guys, they’re pooled. The other part of this III-IV spread is, of course, what is the value of those solids into those cheese plants? I’m working on that today, Ted, trying to figure out how much does the high-WPC80 and WPI market bring to the value of buying outside Class IV solids to justify the price? Just on the price of cheese, I got some numbers here in front of me, you’re looking at on a per-pound cheese yield basis, if you buy powder in the powder market right now, it’s 25 to 40 cents more per pound cheese yield than it would be if you’re getting it from Class III. Mike Brown: You better either have a great margin or you’re really hitting up the whey market, and I’m gonna figure out exactly what that is. But that decision isn’t just a cheese decision, particularly with whey protein so high. There is a value of that nonfat dry milk whey protein that in the past didn’t matter as much as it does now. So, it may make that slightly more attractive or less unattractive than it would’ve in the past because your whey returns are so high on that protein compared to what they have been historically. So, it’s complicated, but it’s not just the value in cheese. It’s the value in cheese and in whatever your plant can make for whey. If you can make WPC80, you can pay more for those nonfat solids, obviously, than you can if you don’t. Ted Jacoby III: So to clarify, usually when you ship fluid into a Class III plant, you pay the Class III solids price. Mike Brown: That’s correct. Ted Jacoby III: If you use powder, you’re gonna have to pay whatever the prevailing nonfat price is. And most everybody running a cheese plant right now would really like their skim solids in fluid form so they can pay those Class III values instead of the Class IV values. Mike Brown: Oh, absolutely. But if they’ve got excess fat, and a lot of our American-style cheese plants now do have excess fat, what’s your market for that fat, and does it make sense to pay a little more for that protein from the Class IV side so that I can get a better price for that fat? Although we all know multiples this year aren’t near as horrible as they were a year ago. Yeah. So it’s a little better market. If you’re gonna get right down to dollars and cents, really you gotta look at your whole product mix out of your cheese plant and figure out what can you really afford to pay for those solids . And plus the opportunity of running your plant more full. What’s your fixed cost savings by running more product through your plant even if the cost is a little higher? Ted Jacoby III: Speaking of butterfat, Joe, this butter market just feels like it’s gone a lot lower than we expected it to go. Joe Maixner: Yeah, it’s weak. Cream’s not sloppy. It sure doesn’t seem like it’s super long in the market. But there’s still plenty of butter being made, and I think that this market’s also pricing in the fact that we’re anticipating that export reports are gonna decrease in the amount of butter that will get out monthly moving forward until this Middle East conflict gets resolved. And we’re basically peak flush through east of the Rockies, so this is the highest production point we’re gonna see through the rest of the year until we get past the holidays. Ted Jacoby III: Gus, are cream multiples poor right now as well? Gus Jacoby: We’re still on the flush, right? But they’re much, much tighter and higher than they were a year ago this time. It just goes to show that the additional churn capacity we’ve seen around the country and some better preparation by a lot of folks in dealing with excess butterfat has made this market a fair amount healthier when it comes to cream. Not near as sloppy as it was a year ago. Multiples have held at or better than even the year previous for flush times. So, I would imagine that what we’re gonna see here going forward is representative of this new marketplace. Ted Jacoby III: Josh, anything to say about the whey protein market? Josh White: Maybe some early signs of a market trying to figure out if it wants to continue on the trajectory it’s been on. WPC80, the general consensus out of ADPI is it remains tight. Seen a few extra spot loads trade this week though, so maybe some people were waiting for that information to let go of a little excess inventory or some incremental loads. WPI feels like it’s pretty stable. And the market came to the conclusion, I believe, during the ADPI conference, that, okay, it seems to be priced right. It doesn’t feel like WPI needs to go up at the moment. And we’ve definitely seen more offers since the show. Not ready to conclude that’s going lower because of where the WPC80 price is and how tight the WPC80 market is. So, those two have really converged at the moment, almost to a point that doesn’t make a lot of sense, the price spread between the two, so the market’s going to figure that out. So, yeah, that would be the only changes. Other than that, maybe just reiterating that we are constantly talking to new customers about new demand creation, and also outside of the traditional sports nutrition category, a lot of new CPG product launches and things like that are absolutely still in motion and consuming a lot of dry protein. Ted Jacoby III: Makes sense to me, and I would agree. And then, what I would say about cheese is it was easily the most boring market at the ADPI. I’d start by saying that. It feels like a market where a lot of people are complaining that the price isn’t low enough for them to get new sales on, but they also can’t find a ton of product out there. There is some spot product trading around, but there’s not massive quantities of it like you sometimes see in the height of the flush, which just makes me feel that right now the cheese market is in balance. In balance in a way that maybe we’re not getting a huge amount of additional export sales on the books, but we are continuing to export at a pretty high rate , especially considering there’s a lot of sales on the books that were put on the books earlier in the year that are gonna continue to ship. And it’s kept this market, this cheese market, I think, relatively well cleaned up considering we’re in the height of the flush. So, we don’t see a lot of movement going forward, at least in the next few months in cheese. You’re gonna trade in a 30 cent range, 20 cent range around where the current price is. That would be my take on the cheese market. All right. To all our listeners, I really appreciate you guys listening to us. I hope this information is helpful, and we look forward to talking to you soon. Take care. [Ending credits]

Click here to join Sync Producer Hub I share production wins including my first ESPN placements from the "Emotionless" album, TuneSat hits, BMI registration reminders, and community highlights. I also talk about recent sync submissions, revisions, and an upcoming release with Fee-lo. Tech & workflow: I cover using Claude (Code) for metadata and tools, my MPC-to-Logic workflow (exporting audio + MIDI), tips for arranging and exporting for sync, and a quick tour of a royalty dashboard that visualizes placements and earnings.

Open finance infrastructure, agentic banking, and cross-border payments converge as Prometeo connects 7,500+ financial institutions across Latin America and the US through a single API. Tedd Huff, CEO of fintech advisory firm Voalyre and founder of Fintech Confidential, sits down with Ximena Aleman, Co-Founder and Co-CEO of Prometeo, to unpack what it takes to standardize fragmented banking systems across 30 countries and bring that playbook to the American market.Tedd and Ximena cover why US banking infrastructure is more fragmented than most people realize, how Prometeo's account verification now covers 85% of US bank accounts, and what agentic banking looks like when AI agents operate real bank accounts with built-in compliance controls. The conversation also addresses the open banking pricing debate, CFPB 1033 as a US expansion accelerant, the Nacha preferred partner announcement, and why only 2 to 3% of VC funding reaches female-led startups.Find out more1️⃣ Disaggregate your payment stack layer by layer; calling it "mature" hides gaps that cost you money.2️⃣ Build infrastructure for corridors, not single countries, starting with the highest-volume trade routes your customers operate.3️⃣ Bring non-bankers onto your product team to challenge workflows that insiders have normalized for decades.4️⃣ Give smaller financial institutions a revenue stream tied to open banking adoption instead of pricing them out.5️⃣ Pitch the outcomes your infrastructure enables, not the technical specs of what you built.LINKSGuest:Ximena Aleman LinkedIn: https://www.linkedin.com/in/ximena-aleman-7913439a/Company:Prometeo Website: https://prometeoapi.comPrometeo LinkedIn: https://www.linkedin.com/company/prometeo-openbankingFintech Confidential:Podcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSUPPORTERSUnder.io: Streamlines application and underwriting by digitizing PDFs for e-signature. under.io/FTCSkyflow: A zero-trust data privacy vault delivered as an API covering PCI, CCPA, GDPR, SOC 2, and beyond. skyflowsecure.comDFNS: Wallets as a service, API first, multi-chain, secured with MPC across 50+ blockchains. fintechconfidential.com/dfnsHawk AI: Real-time payment screening, AML transaction monitoring, and dynamic customer risk rating. gethawk.comABOUTGuest: Ximena Aleman is Co-Founder and Co-CEO of Prometeo. She started her career in journalism before moving into marketing and tech leadership, completing an MBA at Universidad ORT Uruguay. She was named one of the Top 100 Women in FinTech in 2024 and is a World Economic Forum Agenda Contributor.Company: Prometeo is an open finance infrastructure company providing a single API for cross-border banking, connecting 7,500+ financial institutions across Latin America and the US. The company is backed by PayPal Ventures, Samsung Next, and Antler.Host: Tedd Huff, CEO of fintech advisory firm Voalyre and host of Fintech Confidential. The show is produced by DD3 Media, delivering entertaining and informative content focused on the people, tech, and companies changing how you pay and get paid.DD3 Media is a multimedia and marketing agency founded by Tedd Huff specializing in content creation and production for the fintech and payments industry. As the production company behind Fintech Confidential, DD3 Media produces podcasts, live streams, video content, and onsite events for global audiences.CHAPTERS00:00 Episode Highlights00:54 Welcome to Fintech Confidential01:03 Dfns: Wallets as a Service (sponsor)02:25 Meet ProMateo Founder04:39 Outsiders Spot the Gap06:38 Infrastructure Before Open Banking10:21 Borderless Banking Explained16:21 Why US Banking Feels Messy18:56 Standardizing Fragmented Systems20:42 Agentic Banking Kickoff23:34 Limiting Agent Liability24:49 Compliance and B2B Accountability27:32 Monitoring Agents Like Card Rails30:07 Sky Flow: Building Fast and Secure (sponsor)30:30 Skyflow Privacy Vault31:10 AI Bookends And Middle32:01 US Credibility Milestones33:06 Account Verification Playbook35:56 FDATA Advocacy Meets Sales39:51 Crystal Ball Agentic Payments41:39 Open Banking Pricing Debate48:44 LatAm Vs US Open Finance51:27 Strategic Investors And Trust53:42 Women In Fintech Funding Gap55:36 Founder Advice And Farewell57:43 Show Wrap And Sponsor Reads58:29 Hawk AI - Realtime Fraud Monitoring (sponsor)59:15 DisclaimerThis has been a production of DD3 Media with all rights reserved. This content is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.© DD3 Media. All Rights Reserved.

We show some love to Stonedar and Rokkon on this episode of MPC, plus Tyler creates some new warriors to join the ranks!

Understanding the Shields of Justice: When Law Balances Morality and RealityThis episode delves into the foundational distinctions in criminal law—justification vs. excuse—and how they affect real-world justice. Whether you're prepping for law school or seeking a clearer view of how society handles moral dilemmas, this discussion unpacks complex doctrines with clarity and practical insights.Most legal defenses hinge on challenging the act or the intent—that is, until you understand the profound difference between justification and excuse. In this episode, we take you behind the scenes of criminal law's most powerful shields—those built on morality, context, and human complexity. Whether you're caught in a life-or-death self-defense scenario or grappling with the gray areas of mental illness, understanding when and how the law forgives or absolves you can change everything.Imagine walking down a dark street and facing an attacker; your instinct to strike may be justified if your life is at immediate risk. But what if your response is based on a skewed perception brought on by paranoia? Or consider helping someone in a life-threatening situation—when do acts of aid become protected defenses, and when do they turn into reckless crimes? We break down key legal mechanisms—justification defenses like self-defense, necessity, and defense of others—and see how the law evaluates these scenarios through objective standards, psychological realities, and societal priorities.You'll discover how the law's sharp focus on objective facts can clash with the complex internal realities of human psychology—especially when mental illness or external coercion are involved. We explore groundbreaking shifts, such as the evolving standards for insanity—from the rigid McNaughton rule to the nuanced Model Penal Code—highlighting how neuroscience and brain imaging threaten to rewrite these ancient lines of responsibility. We also dissect the controversial boundary where necessity stops and murder begins, illustrated by the infamous lifeboat case where moral and legal claims collide.This episode is perfect for students, legal professionals, or anyone invested in the moral heartbeat of justice. It reveals how society's laws are not just rules but reflections of shared moral choices—balancing the chaos of human instinct with the need for order and responsibility. As neuroscience pushes into uncharted territory, ask yourself: when the hardware of the brain is broken, how responsible can we really be? Think about the future of culpability, and prepare to see justice—and yourself—through a sharper lens.In this episode:The core difference between justification and excuse defenses, and why it matters both in court and in moral philosophyHow objective circumstances can turn a criminal act into a socially endorsed act through justification defenses like self-defense and necessityThe internal, psychological focus of excuse defenses including insanity, duress, and intoxication, and their legal standardsDetailed exploration of the four major insanity tests—McNaughton, irresistible impulse, Durham, and MPC—and their evolutionThe procedural mechanics of shifting burdens of proof in affirmative defenses and expert psychiatric testimony's roleCritical assessments of legal thresholds, from imminent threats in self-defense to the line dividing culpability and lack of control via neuroscience prospectsWhy law emphasizes that some behaviors—like killing innocents—are unacceptable regardless of circumstances, illustrated through famous cases like Dudley and Stevens' lifeboat dilemma

This week we sit down after a full month with the MPC Sample to ask a simple question: what actually holds up once the novelty wears off?We compare it directly with the Roland SP-404MKII, exploring workflow, sampling approaches, creative limitations, and how each device shapes the way you make music.This isn't a spec breakdown. It's a conversation about lived experience: what feels fast, what feels inspiring, and where friction starts to appear.After that, we move into a round robin discussion:What's one thing you'd like to unlearn in your DAW workflow?A conversation about habits, defaults, and the things we carry long after they've stopped serving us.Join the discussion in our Discord and let us know:MPC or SP? And what are you trying to unlearn?Willebrant has a new EP out, check it here:https://willebrant.bandcamp.com/album/castel-epThanks to our Patrons who support what we do:Audionauts: Abby, Bendu, David Svrjcek, Josh Wittman, Paul Ledbrook, Matt Donatelli and Stephen SetzepfandtLars Haur - Audionaut ProducerJonathan Goode - Audionaut ProducerJoin the conversation:

Website compliance, ADA accessibility lawsuits, and privacy law enforcement are creating real financial exposure for small and mid-sized businesses. Tedd Huff, CEO of fintech advisory firm Voalyre and founder of Fintech Confidential, sits down with Michael Williams, co-founder and CFO of Clym, to unpack the growing wave of website regulation hitting SMBs and why most operators have no idea they are at risk.Watch episode hereOver 5,100 federal ADA lawsuits were filed in 2025, up 30% from the prior year, with 78% targeting small businesses. Twenty US states now have active privacy laws, GDPR fines hit $1.2 billion globally, and California's CCPA issued a record $1.35 million penalty. Michael breaks down how enforcement works based on consumer location rather than business headquarters, why third-party scripts and chatbots create hidden liability, and how compliant websites saw roughly 30% more search visibility over the past year. New HHS enforcement requires healthcare organizations to meet elevated accessibility standards, with fines up to $150,000 per incident starting within weeks.Find out more1️⃣ Audit every third-party script, tracking pixel, and embedded tool on your website to identify consent gaps before a plaintiff's attorney does.2️⃣ Map your customer traffic by state and match it against the 20 active US privacy laws to build compliance around your actual footprint.3️⃣ Run accessibility and privacy fixes through your marketing budget since compliant sites rank higher and capture customers competitors are losing.4️⃣ Profile your own business first, including headcount, revenue, locations, and data collected, before evaluating any compliance vendor.5️⃣ Require audit-ready, timestamped consent records from day one so you have receipts when a regulator or attorney comes knocking.GUEST LINKSMichael Williams LinkedIn: https://www.linkedin.com/in/michael-williams-clym/COMPANY LINKSClym Website: https://www.clym.io/Clym LinkedIn: https://www.linkedin.com/company/clymLearn More: https://fintechconfidential.com/climbFINTECH CONFIDENTIALPodcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSUPPORTERSUnder.io streamlines application and underwriting by digitizing PDFs for digital signature: under.io/FTCSkyflow is a zero trust data privacy vault delivered as an API, covering PCI, CCPA, GDPR, SOC 2, and beyond: skyflowsecure.comDFNS provides wallets as a service that is API first, multi-chain by design, and secured with MPC: fintechconfidential.com/dfnsHawk AI offers real-time payment screening, AML transaction monitoring, and dynamic customer risk rating: gethawk.comABOUT THE GUESTMichael Williams is the co-founder and CFO of Clym. He started his career as a state and local tax attorney at Ernst & Young before serving as CFO of a global travel management company, where a failed $100,000 GDPR consulting engagement inspired the creation of Clym in 2018. Michael holds a Juris Doctorate from the University of Connecticut School of Law.ABOUT CLYMClym is an all-in-one website compliance platform founded in 2018 that covers 160-plus regulations, catalogs over 1,200 third-party services, and integrates with WordPress, Shopify, Wix, Magento, and other major platforms.ABOUT THE HOSTTedd Huff, CEO of fintech advisory firm Voalyre and founder of Fintech Confidential. Produced by DD3 Media, Fintech Confidential brings you the people, tech, and companies that change how you pay and get paid.CHAPTERS00:00 Episode Highlights01:03 Welcome to Fintech Confidential01:12 DFNS: Wallets as a Service (sponsor)02:30 Meet Michael Williams and Clym03:41 Why Compliance Gets Ignored05:24 SMB Lawsuit Reality Check06:49 ADA CCPA and GDPR by the Numbers08:21 How Big Is the Problem Really09:13 Consumer Location Based Enforcement10:12 Third Party Script Risks11:55 Compliance as a Growth Lever14:19 Restaurant Menus Losing Customers15:16 New ADA Enforcement Wave17:27 Will Enforcement Follow FTC Pattern18:36 Why Clym Goes Broad20:25 Clym Origin Story22:52 Staying Ahead of 160 Regulations24:32 Beyond Basic Cookie Banners26:38 Skyflow: Zero Trust Privacy Vault (sponsor)27:40 Edge Cases and Flexibility28:38 Company Intake Profiling29:54 Five Minute Setup Promise30:52 Ecommerce Platform Gaps32:34 Vibe Coding Compliance Risks33:49 Why Copying Big Brands Fails35:42 Trusted Advisor Partnerships37:29 Compliance as a Service Response39:05 Lawsuit Economics and Dress Shop Story40:45 Audit Ready Litigation Support42:25 Shared Liability Hosted Pages43:28 Third Party Script Tracking45:51 Enforcement Trends Ahead47:45 Crystal Ball Future Outlook49:49 Browser Companies Wont Fix It51:01 Proactive Compliance Benefits52:49 Wrap Up and Resources54:19 Hawk AI: Realtime Fraud Monitoring (sponsor)55:05 Disclaimer

In this episode of The New Warehouse Podcast, Kevin chats with Dr. Stephen Neel of Lineage about what it really takes to manage food safely at scale. Lineage operates one of the world's largest temperature-controlled warehouse networks, but this conversation makes it clear they see themselves as much more than cold storage. Dr. Neel walks through how food behaves differently from other products, why microclimates matter, and how traceability is reshaping operations. More importantly, he introduces a mindset shift that challenges how most warehouses think about efficiency, risk, and responsibility.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

After a six-week hiatus spent between reserve duty and bomb shelters, Beyond the Code is back with Avishay Yanai, co-founder and CEO of Soda Labs. In this episode, Yitzy sits down with one of Israel's top cryptography minds to unpack the founder journey from academia and VMware to building a startup at the frontier of blockchain privacy. They discuss why most on-chain privacy tools are either fully transparent or regulatorily radioactive, and how Soda Labs is trying to build something different: privacy that institutions can actually use. Avishay explains the technical and commercial thinking behind “compliant privacy,” why they passed on the crowded MPC wallet space, and what it really feels like to go from researcher to startup CEO.

If you’re ever in Manitoba, Canada, check out their growing pinball scene. David talks about the birth of the creating a pinball environment with the Manitoba Pinball League, the MPC, his arcade Phantom Amusement, and even getting his pinball machines in big movies!

Emma K. Wagner is a mental performance consultant (MPC) finishing up her Master's degree in sport and exercise psychology at Springfield College. She works in the endurance sport space, specifically with ultramarathon runners, trail runners, and triathletes. She has worked at mammoth trailfest and will be back this year! She will be working in Colorado Springs in the fall with Summit Sport Psychology.  We cover all things mental game and how to handle your mind mid race  Find her @emmawagner.mpc Find us @trailrunningwomenpod

In this episode of The New Warehouse Podcast, Kevin chats with Mike Ross, President of the Franklin County Area Development Corporation (FCADC). Ross has spent over 40 years in economic development and walks through how Franklin County, Pennsylvania, became a true logistics hub.They get into what actually drives that kind of growth. It's not just location. It's infrastructure, long-term planning, and knowing how to land the right projects at the right time.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

With Easter behind us, demand is easing, milk production is climbing, and the spring flush is here. But beneath the surface, the dairy complex is anything but comfortable. In the latest episode of The Milk Check, host Ted Jacoby III and the Jacoby team look at the fault lines hiding beneath today's seemingly stable dairy market. In this episode, we cover: Why milk is getting longer, but not everywhere How added processing capacity is changing the spring flush Whether butter has found its floor, or is simply stuck Why energy may be the biggest wildcard in dairy right now From regional milk balances to butter's next move and the growing influence of energy costs, we look at what is really driving the dairy complex right now. To hear what could hold, what could crack and what the next few months may mean for dairy, listen to The Milk Check episode 97: Steady Markets, Shaky Ground. Got questions? We'd love to hear them. Submit below, and we might answer it on the show. Ask The Milk Check Ted Jacoby III: Coming up on the Milk Check. Joe Maixner: It’s really watching the energy markets because it’s going to affect literally everything. Ted Jacoby III: Welcome to the Milk Check from T.C. Jacoby and Company, your complete guide to dairy markets, from the milking parlor to the supermarket shelf. I’m Ted Jacoby. Let’s dive in. Today is April 6th, 2026. It’s the day after Easter. it’s also the birthday of a few illustrious people like Paul Rudd, Lando Calrissian, or actually Billy D. Williams and our own Joe Maixner, and we’re here to talk about dairy markets today. Sorry, Joe, and we’re here to talk about dairy markets today, and what we’re gonna be talking about is it’s the day after Easter and demand for the next oh five months or so tends to slow down a bit, while milk production tends to pick up and it’s peaking probably right as we speak, and over the course of the next four to five weeks. So, what does that mean for the dairy landscape? What does that mean for the price landscape? When I started thinking about what we were gonna talk about for this podcast, the market seemed to be in a lull right now. And then I realized it’s that time of the year. The question is, are they gonna stay here? Are they gonna go lower? We know that milk production is gonna continue to increase, especially in the Midwest, and we know that the next demand event of any significance is at least five to six months away. But where we’ll start is we’ll start with milk production. This is the time of year when things tend to get a little bit long. Gus, is milk long right now? Gus Jacoby: Depends what region of the U.S. you wanna talk about. From what I understand, there’s some areas of the West that are very long. The upper Midwest, when you have plants go down, it gets a bit ugly. But looking into the mid East, the Northeast, the Southeast, certainly the Southwest, where there’s quite a bit of new processing capacity, all these areas, are not all that long. It’s certainly the spring flush, but when you look at the Milk Production Report, you would think they would be a lot longer. And I think additional processing capacity in all these regions that we just discussed are where we’re a little bit shorter than we anticipated, considering what time of year it is. Ted Jacoby III: Usually, this time of year we’re hearing of milk moving at 2, 3, 4, $5 under. Is that happening this April? Gus Jacoby: There’s some spots in the upper Midwest where it gets that discounted, yes. But I would say that has more to do with plants being down in addition to the surplus that causes it to get that long. I think if everything is functioning in the region — in the upper Midwest, Mideast or anywhere on the Eastern corridor — you’re not seeing quite the growth that’s shown in the Milk Production Report. Anytime you see north of 2.5% or 3% in a Milk Production Report, usually that means the flush is a really ugly period of time. But in these regions of the country, we’ve added enough processing capacity to balance things out a bit more and not make it quite as long as you would think. Ted Jacoby III: So we didn’t really add any plants west of the Rocky Mountains. And in that case, the flush, especially in California, is probably already in the rear view mirror. Are we seeing milk really long in California and along the west coast right now? Gus Jacoby: I’ve heard that California, for a while there did get pretty long. That area hasn’t had the additional processing capacity outside of the Pasco facility to deal with the level of surplus we have in those regions. Ted Jacoby III: That means it’s fair to say that we’re in the flush right now, maybe past the flush out West Milk has gotten long, milk is plentiful, but we’ve added enough milk processing capacity that generally speaking, as long as there in, there are not any plant breakdowns. We seem to be able to handle the additional milk supply and we’re getting it all processed. Gus Jacoby: Yes, that’s the truth. Joe Maixner: The West has been running full for the past couple of months. But cream has not been super long. It’s been getting into the churns, but it’s also been finding homes elsewhere and it’s had decent demand. It’s been a little surprising that we haven’t had as excess of cream as we would’ve anticipated given how long milk has been. Ted Jacoby III: What about on the powder side? I’ve heard that the plants are not necessarily dumping any milk, but the plants are full enough that they can’t run anything specialty. So, all they’re running is straight up nonfat dry milk, which these days with protein component values in the milk the way they are, 38% protein, but they’re just running ’em flat out to get all that milk processed and dried. Is that a fair way to put it? Josh White: Yeah, I would say so. Ted Jacoby III: Okay. Milk’s getting processed. We’re making a lot of it, but Easter’s now in the rear view mirror. Since our runup, late January, early February, the cheese market seems to have settled into a price somewhere in the $1.60s, the butter market’s been $1.70s, $1.80s, it popped up over $2 and it seems to have faded since. Is it in its sweet spot yet, or where do you think the butter market will go over the next three to four months? Joe Maixner: I think there’s a lot of factors that go into where the butter market’s gonna price over the next few months. Obviously, we’ve got the macro events going on, the conflict in the Middle East, that’s pulled a lot of export opportunity out, as we’ve talked about at length in the past few podcasts. But there’s been a lot of product trading in this 15¢ to 20¢ range that we’ve been in over the past couple of weeks, and it seems that we’ve found a good range where buyers and sellers are happy to move product. There’s probably not much more downside potential at this price. But it’s a very real possibility that we could just stagnate here for the next few months until we see any type of real demand shift and production dies off into the summer. Ted Jacoby III: Are we gonna continue to be exporting butter? Joe Maixner: Yeah, absolutely. We’re still seeing exports move. Obviously we’ve lost some of our largest growth markets with this conflict, at least temporarily. But we’re still exporting to other regions, and all of those markets are growing. Will it be enough to offset the losses? I’m not sure, but we’re still moving product out of the country. Ted Jacoby III: The cheese export numbers have been phenomenal for about the last six months. We’ve been up over 30% year over year, almost to the extent of being a little bit surprising. Are we gonna be able to keep that up, do you think? Or is this market going to peter out a little bit ? Jacob Menge: You gotta suspect that you stop getting the blockbuster export numbers before too long because it has been two months now since we’ve come off of kind of those rock bottom prices that we were at. I think that will certainly take the top off of those export numbers. Cheese in general has probably been one of the quieter of the dairy markets, probably the quietest. It’s been sneaky though. There’s been these moments where it’s been hard to find product. There’s been moments where you can find product and I think it definitely is a tale of exactly what cheese you’re looking for. I don’t think colored cheddar has been particularly hard to come by. Meanwhile, white, for export has been pretty tough. All of that has resulted in this really nice gentle climb higher on cheese prices. We’re starting to see some cracks in the floor, especially internationally. We’re hearing mozz prices starting to get some pushback outta Europe. Those blockbuster export numbers on the cheese side are probably nearing an end. And if not then I think that’s gonna be the only thing that can keep driving the cheese price appreciably higher from where it’s at. If we can keep getting these pretty impressive numbers, sure, I don’t see why we couldn’t keeps stair stepping higher. Ted Jacoby III: Where the export numbers go, the price of cheese goes. Is that a fair way to put it? Jacob Menge: It certainly seems like an export driven market right now. Our opinion kinda long term is that’s U.S. cheese. This last year or so, maybe more 18 months, reflecting back on it, been the coming of age era for a serious export driven cheese price in the U.S. Historically, obviously export have played a factor, but it seems like that’s going to be the dominant force today and in the future. Ted Jacoby III: Yeah, I think I’d have to agree with that. And then there’s nonfat. Josh, this nonfat market, it sure went a lot higher than anybody expected. Even when it started to rally, we thought it could go up into the $1.50s, $1.60s, but I don’t think we expected the $1.90s. Is this market gonna stay here? Where does this market feel like it’s at today? And how does play out from here? Josh White: It’s still a tight market, Ted. Seems like there’s some commitments that are still behind. On the manufacturing level, it seems like demand’s been very strong. Let’s be clear, the West Coast is running a lot of nonfat right now, and it’s not changing the climate. Where we’re really seeing the vacancy in production is in the middle part of the country. It’s pretty well reported now. Everyone’s clueing in on this idea that there’s just been a lot of growth in the protein beverage market and in the UF space, and that seems to have kept a lid on our production growth for nonfat dry milk relative to the milk production growth and the protein growth that we’re experiencing in the milk. So yeah, it still remains pretty strong. There’s still good demand. Yeah, there’s a lot more conversations and we’re having a lot of conversations with customers across all the different industries that consume dairy products about what these higher prices mean. Are they real? Are they here to stay? If you look at the futures curve though, we’re way higher than that current futures price, and it’s an inverted curve, so we’re gonna have to pay a lot of attention to how that plays out, particularly as we get into these heavier milk production months, domestically and in Europe. But to be clear, there’s a lot of milk; that milk’s being processed into a lot of products; but in the U.S. side, we’re not seeing huge nonfat increases. I think across the pond though, they’re making a lot more skim milk powder, and they’re the beneficiaries of this tight market right now. Clearing a lot of that product into the international clients that, historically may have been looking to the U.S. as well. Ted Jacoby III: Do you think that means we’re gonna be export handicapped for the next three to four months that might just weaken the demand side of the equation for U.S. nonfat? Josh White: Yeah. The trade’s not as free as we all hope and expect it to be, and what I mean by that is there’s barriers to entry for bringing, like European product into Mexico. Approved brands across the world that might make it more difficult to exchange one supplier for another. But I think the answer to your question, the longer we maintain this type of premium, the less likely we are to export into some contestable markets. And it’s really tough when you’re talking about managing supply chain over the course of a year to get that right. There’s a real possibility that, we could miss some business that we wished we had later in the year. But, as it stands right now, it’s not like we’re sitting on a lot of extra product to move. Ted Jacoby III: So, when we look to the next, 1, 2, 3 months, things are tight enough. The nonfat market’s still coming from a place of overcommitment and then still trying to work through that. And there’s No reason to think that we’re gonna be trading nonfat in the $1.20s by Memorial Day. Josh White: No reason to think that. I think that we’re putting ourselves in a position where now’s the moment where we can take a little bit of the pressure off the market. We’re starting to see a little bit more seasonal milk in the middle part of the country. Nothing compared to what we saw a year ago going through the dryers, but we are starting to see maybe some signs of some relief. Ted Jacoby III: Proteins is the other market that seems to be shooting for the moon, up there with Artemis II. Are those protein prices gonna stay there or are they gonna come down? Josh White: Pointed question. Not for the second quarter, it sure doesn’t feel like they’re coming down. Every spot load that I see offered trades almost in the air. There still seems to be really good demand despite higher prices. And also despite a lot of customers asking about substitution. The answer to that question is maybe different for the next quarter than it might be for the next year. We’ll have to see. But as it stands right now as it relates to whey proteins, no slowdown in demand. Price strength remains, loads are very expensive. Conversations are less about the willingness to buy product than they are about the credit worthiness to sell that product to the clients because of just how expensive a load of WPC 80 or WPI cost today. We’re also starting to see some momentum in the MPC markets. Shouldn’t be a surprise. MPC 85 prices have been increasing. We’re starting to see customers that have the flexibility to do some substitution between WPCs and MPCs, considering it. More conversations about alternatives within the dairy complex like caseins and caseinate. But then, I have to imagine there’s also conversations happening about substitution outside of the dairy complex for plant proteins and alternative proteins. It’s a challenging market. Certainly a good sign that the consumer, particularly in the U.S. is paying a lot of attention not to just wanting more protein in their diet, but also the quality of the protein that they’re consuming. And it’ll be really interesting over the next year to see that tug of war: the valorization of high-quality, highly digestible dairy proteins, versus cheaper proteins going into certain applications and how the consumer responds to those economies. Ted Jacoby III: What’s the one product in the dairy complex right now that you’re really worried about? Because right now we just went through all the major commodities and there seems to be at least stability in the short term. Which one do you think breaks first in terms of price? What market should we be paying attention to if this dairy complex is gonna start to weaken on us? Jacob Menge: I’m paying most attention to butter right now, because I think the butter price has made these kind of violent moves. Not nonfat, violent, but more like consistently trending lower all last year. And then it’s made a pretty good recovery with that new crop, old crop switch. And then it’s trended lower from there. I think that’s important because that’s gonna have a big impact on that Class III, Class IV spread. And I think that Class III, Class IV spread is gonna ultimately drive some decisions at the fluid level, which is gonna have knock on effects for export markets, not just for butter, right? This is for all of these products. Because of that butter price , I think the math can be swayed one way or the other depending on where that goes. We have these kind of baked in assumptions on, okay, nonfat’s probably not staying at $2 through 2026, okay. We have some baked in assumptions on cheese. I think that means that decision maker is butter. And would anybody be shocked if it went up 50¢? Probably not. Would anybody be shocked if it went down another 10¢ or so? Probably not. I think you certainly would have debates around this, but that changes that Class III, Class IV spread enough that I think that has a lot of knock on effects. Ted Jacoby III: That makes a lot of sense. Josh, what about you? Which market are you paying attention to the most? Josh White: I would just say just the market. I think nonfat’s the obvious answer to that, but our entire dairy markets have been really changed this year by this protein movement. And what I can’t get my head around is the GLP-1 and cheaper GLP-1 catalyst. At what moment does a hundred dollars to fill a gas tank on a sedan start to change what people are willing to spend? That’s the one that I can’t really get my head around because it would be very easy to say, “Look out: these high protein products are here to stay.” The science backs it; people are eating less calories, but better calories. And that absolutely works for dairy proteins. But then on the other side, when you’re forced to make a decision about how you spend your money are you gonna get to a point where it’s choosing whether or not to fill your gas tank or whether or not to buy the powdered isolate. I wonder if we find that threshold at some moment this year. Ted Jacoby III: Yeah, I think that’s a great answer. Which market do you think is affecting the dairy markets the most right now? It’s the gas market. I think that’s fair. Joe, how about you? Joe Maixner: I’m clearly watching butter for obvious reasons. But I echo what Josh is saying. It’s really watching the energy markets because it’s going to affect literally everything over the course of this year. Jake brought up a great point about the Class III, Class IV spread, though. With the strength in nonfat, I hadn’t given a whole lot of thought process to butter’s impact in Class IV because you’re seeing Class IV through the rest of the year and into 27 at a minimum in the mid eighteens level which is a dollar premium to Class III, even with an inverted nonfat market. That’s definitely one to keep an eye on as well. But again, as a whole, just energy, energy’s going to affect everything all the way down to the consumer level. Ted Jacoby III: Yeah, I guess I agree. Gus, what are your thoughts on this market? Gus Jacoby: It’s hard not to talk about energy right now. That’s pretty obvious. Certainly when you’re hauling milk it has a big impact. Those fuel surcharges, hiking up to the degree that they have has made hauling milk quite a bit more expensive, considering the amount of water that’s being hauled and how much more expensive it is.  That is something we can’t control. None of these markets are anything we can control. But when it comes to the dairy markets, I think the skim solids is something that has been very interesting to me. Gus Jacoby: How tight that market gets, the limitation that cheese has in getting fortification solids, are we gonna start turning to powder to fortify, and can cheese plants afford it with the Class III, Class IV spread as we shift, obviously with this protein demand continuing to increase and all the other areas that skin solids are required. I think it’s going to have a ripple effect on our industry that’s gonna take a while for us to get used to as skim continues to, find more and more demand. So, for me, it’s an interesting marketplace and I’ve been paying a lot of attention to that lately. Ted Jacoby III: Sounds good. Awesome. Thanks guys very much. I thought that was a nice summary of what’s going on in our markets right now. We’ll see how the next few months play out. Appreciate the time. Thanks for joining us today, and everybody stay safe out there.

In this episode of The New Warehouse Podcast, Kevin chats with Dave Harriger, CEO and Founder of Swifthouse, about the evolution of his 3PL business and the journey to implementing a new WMS. Based just outside Philadelphia, Swifthouse supports e-commerce brands with fulfillment services from pick and pack to shipping and tracking. Dave shares how early growth, major client shifts, and operational challenges forced him to rethink his strategy. The conversation explores why defining your niche, building strong processes, and saying no to the wrong clients can ultimately drive better, more sustainable growth.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

In this episode of The New Warehouse Podcast, Kevin chats with Art Eldred, SVP, Mark Dickinson, SVP and General Manager at Attabotics, and Bruce Robbins, President and Founder of Lafayette Engineering. The conversation centers on Attabotics' return to the market through a partnership with Lafayette. Together, they explore what went wrong, what remains strong, and how the technology is evolving. More importantly, they break down how dense storage, rapid access, and flexible deployment models are positioning Attabotics for a more practical and scalable future.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

Kelly Byrne's path to credit markets started in engineering, where systems, risk management, and infrastructure were foundational. Today, as Founder and CEO of Mountain Point Credit, Kelly is applying those principles to build a systematic, data-driven investment platform built around a disciplined risk ranking process, rigorous diversification, and repeatable, transparent decision-making.In this episode, Kelly shares his journey from engineering to portfolio management, the lessons he carried through nearly two decades at Voya Investment Management, and why he believes the loan market remains largely analog. We discuss what it really takes to evolve credit investing: from building the right systems and frameworks to paving the road toward a more efficient, technology-enabled market where a systematic approach can unlock new opportunities for investors.About Kelly:Kelly Byrne is the Founder and Chief Executive Officer of Mountain Point Credit, responsible for leading the firm's vision to bring a systematic investment approach to the loan market. MPC was founded by Kelly Byrne in partnership with Eagle Point Credit. Prior to founding Mountain Point, Mr. Byrne spent 18 years at Voya Investment Management, most recently as Senior Portfolio Manager and Head of Capital Markets, where he helped grow assets from $2 billion to $30 billion. He held leadership roles across credit products and built the systems and processes that underpin operational and performance risk management. He now focuses on leveraging market data and technology to streamline and improve portfolio management. Mr. Byrne holds a BSE in Biomedical Engineering and an MBA from Arizona State University and is a Chartered Financial Analyst charter holder.

Kevin chats with Max Cao, Co-founder and CEO of Jacobi Robotics, and Pete Allen, who wears many hats, including serving as a Board Adviser for Jacobi. Together, they discuss long-standing challenges of tackling mixed-case palletizing in warehouse operations. Jacobi Robotics enables robots to handle complex, real-world case flows without requiring massive infrastructure changes. The conversation explores how Jacobi is bridging the gap between research and real deployment, why brownfield environments matter, and how their Omni Palletizer is making automation more accessible across industries.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

 sat down with Chan, founder of Tessera Labs, to explore how they are tearing down the walls around private equity investing. Chan spent over a decade at Goldman Sachs, JP Morgan, and Credit Suisse before doing a PhD in computational finance at Imperial College London. He saw first hand that the best returns in private markets were locked behind accreditation requirements, massive minimum tickets, and years of illiquidity. Tessera is his answer to that. We talk about how they tokenized SpaceX participation rights on Solana, why they chose Chainlink for proof of reserve, how $75 million in trading volume happened in just a few months, and what their next product T-Kalshi means for everyday investors who want exposure to one of the hottest prediction market companies in the US right now. We also get into the legal architecture behind the Cayman SPC structure, why no KYC is intentional and not an oversight, the challenges of building in a regulatory gray zone, and what Chan would tell any founder building in the RWA space today. Nothing 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 ---Tessera Website: https://tessera.peTwitter/X: https://twitter.com/tesseralabsWeb3 with Sam Kamani: https://www.web3pod.xyz/--- KEY POINTS WITH TIMESTAMPS ---• [00:00] Sam introduces Chan from Tessera Labs and the goal of disrupting the multi-trillion dollar private equity market• [01:03] Chan shares his background across Goldman Sachs, JP Morgan, and Credit Suisse plus his PhD in computational finance at Imperial College• [02:28] The three interlocking problems Tessera solves: access, liquidity, and transparency in private equity• [04:25] A step-by-step walkthrough of how an investor gets exposure to Kalshi private shares through tessera.pe with no KYC and no minimum• [06:34] Why Kalshi's US regulatory access gave it a major revenue advantage over Polymarket• [08:13] Four advantages of tokenized private equity over traditional VC and PE funds including $75 million in T-SpaceX trading volume• [11:13] The two early user groups: crypto-native retail investors and trade professionals in Asia and MENA• [12:34] The hardest parts of bringing real world assets on chain: legal structure, Oracle design, and MPC custody• [14:31] How Tessera uses Chainlink proof of reserve, Cayman SPC legal isolation, and Fireblocks MPC to build trust• [16:29] Why Tessera chose Solana over Ethereum, BASE, and Arbitrum including Token 22 transfer hooks• [18:56] Advice for RWA founders: design for retail-native access first, get legal architecture right before product, and choose your Oracle carefully• [21:53] What Chan would do differently if starting Tessera Labs again today• [24:06] The biggest challenge ahead: navigating a regulatory landscape that recognises the space but has not yet legislated it• [26:25] Plans for staking and using T-tokens as collateral for borrowing and lending yield• [27:58] Why Tessera will stay focused on late-stage pre-IPO names for now and the opportunity around IPO lockup periods• [30:12] Chan's three asks: users to try tessera.pe, secondary liquidity partners to get in touch, and strategic investors who share the vision

In this episode of The Bitcoin for Corporations Show, host Pierre Rochard sits down with Mike Belshe, CEO and Co-Founder of BitGo, to discuss the evolution of institutional digital asset security. From pioneering multi-signature protocols in 2013 to becoming a regulated OCC National Bank, Belshe explains why the "single point of failure" is the greatest risk to corporate treasury—and how to engineer it out of existence.We dive deep into the technical and operational "moats" required to secure hundreds of billions of dollars. Belshe breaks down why BitGo chooses Multi-Sig over MPC, the "LinkedIn ban" they enforced to stop social engineering, and why he believes stablecoins are a superior financial fabric compared to the 0.2% yield and high fees of traditional banking. Whether you're a CFO looking to understand custody or a developer interested in the future of payment protocols, this conversation provides a masterclass in building a resilient financial future.Episode Chapters00:00 – Introduction: BitGo's journey from 2013 to a National Bank01:45 – The "Lonely Error": Solving the web's 402 Payment Required code03:11 – Why Multi-Sig is the gold standard for Bitcoin security05:44 – Decentralizing custody: Keys across 1,000 miles and multiple jurisdictions07:42 – Why BitGo became a bank: Solving the CME Group custody challenge10:15 – Bridging the gap: Security vs. Liquidity in market structure13:10 – Corporate Governance: Rule-based systems for billion-dollar transfers15:37 – The LinkedIn Ban: Fighting social engineering and "French attacks"18:40 – The "Access to Nothing" Principle: Protecting executives from physical threats20:15 – Stablecoins vs. Legacy Banking: The 0.2% yield trap26:49 – The hidden 5% tax of credit cards and the future of digital payments31:30 – Fragmentation vs. Interoperability in the stablecoin "War of the L1s"36:45 – Regulatory outlook: The Clearing Act and the Genius Act45:10 – Final thoughts: Why BitGo is more than just a custodianDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

In this episode of The New Warehouse Podcast, Kevin chats with Jeff Belcher, General Manager at CMC Packaging Automation, and Craig Hall, Head of Sales for North America. Together, they explore how right-sized packaging automation is reshaping fulfillment operations.CMC, a family-run company with over 40 years of history, has evolved from mailing and wrapping to become a leader in automated e-commerce packaging. The conversation focuses on the shift from manual pack stations to machine-level packaging, the rise of right-sized solutions, and how operators can rethink packout to improve efficiency, reduce waste, and better handle the complexity of modern orders.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

In this episode of The New Warehouse Podcast, Kevin chats with Martin Boyd of Big Joe Forklifts about one of the most important shifts happening in material handling today. Big Joe has built its reputation on simple, cost-effective electric equipment and is now pushing deeper into lithium-powered solutions. The conversation centers on what it really takes to transition from internal-combustion to electric forklifts. More importantly, it explores why many operations hesitate, what has changed in technology, and how companies can make the transition without overspending or sacrificing performance.Learn more about our sponsors here: Ocado Intelligent Automation, MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

In this episode of The New Warehouse Podcast, Kevin chats with Brandon Page, Executive Vice President and Head of Leasing and Customer Solutions at Link Logistics, and Stephanie Rodriguez, National Director of Industrial Services at Colliers. Together, they break down how the warehouse real estate market is shifting into a more balanced state. Link Logistics, with roughly 3,000 buildings and 470 million square feet, represents a massive footprint across the U.S., while Colliers brings a global advisory perspective. The conversation explores changing demand patterns, evolving decision-making, and what warehouse operators need to understand as they evaluate space in today's market.Learn more about our sponsors here: MPC & IFS Softeon Follow us on LinkedIn and YouTube.Support the show

In this episode, I sit down with Renee Davis from OpenMatter to explore the intersection of AI agents and blockchain infrastructure. We discuss why 51% of internet traffic is already agents, the critical security vulnerabilities in tools like OpenClaw, and how multi-party computation (MPC) enables privacy-preserving machine learning. Renee explains why crypto is essential for the agent economy—hint: credit cards can't handle micro-transactions like a two-cent payment. We also dive into OpenMatter's three pillars: masked computing, MatterML, and DataVisor, plus what's coming in the next 12 months. If you're building with AI agents or curious about the convergence of Web3 and AI, this conversation is packed with insights. --- CONNECT ---OpenMatter: https://onboard.openmatter.network--- KEY POINTS WITH TIMESTAMPS ---• [01:42] Renee's journey from enterprise analytics to DAOs and AI• [03:11] AI and NLP have been around for decades—longer than most realize• [04:42] OpenMatter solves agent hosting, ZK safety checks, and output compliance• [08:17] Multi-party computation (MPC) explained: collaborative computing without sharing raw data• [10:08] 51% of internet traffic is already agents or bots• [14:42] Why agents need crypto: credit cards can't do micro-transactions like X402 can• [16:29] DataVisor: one-click agent deployment with OpenClaw, IronClaw, ZeroClaw templates• [19:17] Security guardrails for agents are still underdeveloped• [21:52] OpenMatter is built on lattice-based cryptography—post-quantum safe• [24:35] AI startups are in a bubble; many hinge on token prices from Claude or OpenAI• [28:03] Roadmap: mainnet launch, MPC updates, MatterML SDK release, and hackathons---DISCLAIMER---Nothing 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/

In this episode of the Crazy Wisdom Podcast, host Stewart Alsop sits down with David Lachmish, co-founder of Ika, to explore the cutting-edge world of decentralized cryptography and its real-world applications. They cover the foundational problem of zero-trust custody and interoperability in crypto, breaking down why most people end up relying on centralized custodians despite crypto's original promise of removing third-party trust, and how Ika's novel 2PC-MPC cryptographic protocol addresses this with decentralized wallets (d-wallets) that require both the user and the Ika network to generate a signature. The conversation also touches on AI agents and the critical need for access control guardrails when agents handle real financial transactions, the philosophical parallels between crypto's growing pains and the early internet, decentralized governance and its potential to reshape how societies make decisions, and a surprising look at how decentralized certificate authorities could dramatically improve everyday internet security. David also gives a first public mention of an upcoming privacy-focused project called Encrypt.Links mentioned:- Ika website: https://ika.xyz- Ika on X: https://x.com/iкаdotxyz- David Lachmish on X: https://x.com/d3h3d_- Encrypt (upcoming project): https://encrypt.xyzTimestamps00:00 - David Lachmish introduces Ika and DWallet Labs, explaining their cybersecurity and cryptography background led them to solve zero trust custody and interoperability.05:00 - The d wallet concept is revealed as a decentralized signing mechanism controlled jointly by user and network, requiring new cryptography breakthroughs.10:00 - Crypto's philosophical parallels to early Internet are drawn, framing scams and misuse as inevitable growing pains of transformative infrastructure.15:00 - Wallet abstraction and agent constraints are explored, comparing future seamless crypto interaction to modern WiFi versus early modem connections.20:00 - Public key cryptography's binary ownership problem is explained, leading into MPC secret shares and Fireblocks' centralized access control tradeoffs.25:00 - 2PC MPC protocol is introduced as Ika's breakthrough, enabling decentralized policy enforcement without trusting any single entity.30:00 - Decentralized governance via token staking and code as law is discussed, contrasting corporate representative governance with crypto's direct decision-making.35:00 - Futarchy prediction markets and decision trees are connected to knowledge graphs, tracing humanity's accelerating governance transition.40:00 - Automation's historical parallels are examined, arguing AI's displacement of lawyers and developers mirrors every prior technological revolution.45:00 - Bitcoin and Ethereum's uncertain futures are assessed alongside Ika's positioning in custody and interoperability infrastructure.50:00 - Zero trust interoperability is explained, revealing how bridges create dangerous honeypots that Ika eliminates through native cryptographic control.55:00 - MetaMask's limitations for agents are detailed, contrasting stored private keys against Ika's policy-enforced guardrails for agentic transactions.60:00 - HumanTech's Wallet as a Protocol is presented as a practical way to give agents spending policies while maintaining user cryptographic control.65:00 - Decentralized certificate authorities emerge as Ika's broader cybersecurity vision, eliminating single points of failure across the entire Internet.Key Insights1. Zero Trust Custody and Interoperability: David and his cofounders at DWallet Labs identified that most cryptocurrency is held by centralized custodians, which contradicts crypto's core purpose of removing third-party trust. They set out to create "zero trust custody and zero trust interoperability" — systems where users maintain cryptographic control without sacrificing usability or relying on any single entity.2. The D-Wallet Primitive: Ika is built around a new cryptographic concept called a "d-wallet" — a decentralized wallet controlled jointly by the user and a decentralized network. A signature cannot be generated without the user's participation, meaning even if all network operators are compromised, they cannot act unilaterally. This required inventing new cryptography called 2PC-MPC.3. Access Control as the Missing Layer: Traditional crypto wallets operate on binary ownership — you either have full control or none. The d-wallet model introduces programmable access control policies enforced by a decentralized network, enabling features like spending limits and whitelisted addresses without trusting a centralized company like Fireblocks.4. Bridges Are Crypto's Biggest Security Vulnerability: Interoperability across blockchains typically requires trusting a bridge, which creates a honeypot for hackers. Ika eliminates this by allowing users to natively control assets on multiple chains simultaneously, maintaining cryptographic guarantees without a trusted intermediary.5. AI Agents Need Cryptographic Guardrails: Giving AI agents control over crypto wallets like MetaMask is dangerous due to hallucination and prompt injection risks. Ika enables agents to operate within strict, code-enforced policies — they can transact autonomously but cannot exceed boundaries set by the user, combining automation with genuine security.6. Decentralized Governance as a Structural Advantage: Ika operates as a permissionless network where two-thirds of token-staking operators control the protocol's direction. Even the founding team cannot unilaterally change the network, making governance transparent and resistant to capture — a meaningful contrast to closed, corporate-controlled systems.7. Decentralized Certificate Authorities as a Future Application: Beyond crypto, David envisions d-wallets solving broader cybersecurity problems. Today's internet relies on a handful of certificate authorities whose compromise would break global web security. A decentralized certificate authority built on Ika's infrastructure would require attacking hundreds of operators simultaneously, representing a fundamental upgrade to how trust is managed across the internet.