Is This Crypto Rally Real? GSRs Andy Baehr Maps the Signals to Watch Bits + Bips 2026-07-17 | Crypto just had its best week in months. GSR's Andy Baehr explains why he is not calling it a real rally yet, and what would actually change his mind.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/bitcoin-and-eth-are-up-but-this-crypto-rally-still-lacks-conviction========================================================================Sponsors: 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). 👉 Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips ========================================================================Crypto just booked its best week in months, with Bitcoin pushing toward $65,000 and Ether closing back in on $2,000 after June CPI cooled to 3.5%.Andy Baehr, Managing Director of Asset Management at GSR, joins Steven Ehrlich to explain why he still calls the market ambivalent rather than convicted, and what would actually flip it.They trace new Fed chair Kevin Warsh's “inflation is a choice testimony”, the CoinDesk 80 Index's surprising outperformance against Bitcoin and Ether in the second quarter, Strategy's rare decision to sell Bitcoin to cover preferred dividends, and why Aave lending rates sitting near the risk-free rate show a market with almost no appetite to lever up.Baehr also walks through the fiduciary questions facing onchain vaults and their curators, then puts Polymarket's odds on the Clarity Act at under 40%, down from 75% in May, and argues passage would still catch traders off guard.Host:⭐️ Steve Ehrlich - Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ Andy Baehr - Managing Director of Asset Management at GSR https://x.com/baehrTimestamps:🌡️ 02:56 CPI cools to 3.5%. Does crypto's rally finally have real legs?🎯 07:29 Peak hawkishness hasn't hit yet, Baehr explains why under Kevin Warsh📊 11:53 Mag 7 vs Russell 2000: the surprising reason CoinDesk 80 beat Bitcoin in Q2🏦 17:32 What actually powered Ether's 2025 rally, Baehr's pro-DAT case💧 22:20 Stablecoin supply is shrinking and Strategy stopped buying. So who's left to buy?📈 25:35 Aave lending rates near the risk-free rate. What that says about appetite to lever up🏛️ 34:46 Vaults, curators, and the fiduciary questions DeFi still can't answer⚖️ 43:59 Clarity Act countdown: why passage would still catch markets off guard =========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Is Anthropics Call to Pace the Frontier About Safety or Its IPO? Bits + Bips 2026-09-16 | OpenAI says it solved a Millennium Prize problem as Anthropic calls for slowing AI down. Jordi Visser tells Austin, Ram, and Chris why it's a midterm story. Plus, oil at $108.🔥 EPISODE LINK 🔥unchainedcrypto.com/openai-says-it-cracked-a-millennium-prize-problem-why-is-anthropic-hitting-the-brakes=========================================================================Thank you to our sponsors!👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-yt========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================OpenAI says a swarm of its agents solved the Navier-Stokes Millennium Prize problem. A day later, a researcher quit Anthropic warning that both labs are "gambling with our lives," and by week's end Dario Amodei had called on the industry to pace the frontier.Jordi Visser, founder of Visser Labs, joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to ask how much of the safety push is about safety. Jordi calls it "a big midterm election story," while Austin tests whether the labs want rules that cool CapEx before an IPO and box out smaller competitors.They also cover why Jordi would never invest in OpenAI or Anthropic, why he would rather own semiconductors and memory, what drone strikes on a Saudi pipeline mean ahead of the Fed, and why batteries could unlock idle grid capacity.Jordi's own read on the slowdown: the models are getting "too good too fast," and the compute delays holding them back are "actually healthy."==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Jordi Visser - Founder of Visser-Labs, LLC - https://x.com/jvisserlabs==============================================================================Timestamps:🤖 02:15 Why a Millennium Prize claim and an Anthropic resignation have AI labs talking about slowing down🗳️ 08:30 Why Jordi calls the AI safety drama 'a big midterm election story'⚖️ 13:52 Chris on why AI regulation could be a 'beautiful way of boxing out competition'🌐 19:26 Why Jordi says open source can't touch the OpenAI-Anthropic duopoly🤳 33:19 Is next year 'the year of consumer agents,' and can anyone trust them?🌊 36:55 1inch Aqua: See how the shared liquidity platform lets LPs back multiple positions with one wallet balance at http://unchainedcrypto.com/go/1inch-yt🛢️ 42:19 After drones hit a Saudi pipeline, why Jordi says oil and a Fed hike won't change earnings🔋 48:28 Why Jordi says batteries, not new power plants, unlock the AI buildout🇨🇳 50:45 Is China priced out of AI, and can the US slow down if China won't?🚦 58:25 Why Jordi thinks compute delays right now are 'actually healthy'
Is Robinhoods Tokenized AMC Stock Actually Illegal? Bits + Bips 2026-09-08 | AMC's CEO says Robinhood's stock tokens are vile. Austin, Chris, and Ram break down what these tokens actually are, and whether the outrage holds up.🔥 EPISODE LINK 🔥unchainedcrypto.com/robinhoods-tokenized-amc-shares-spark-a-fight-over-what-stock-tokens-really-are=========================================================================Thank you to our sponsors!👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-yt========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================AMC's CEO spent the holiday weekend calling Robinhood's tokenized AMC shares "contemptible" and "vile," and AMC stock jumped nearly 21% anyway.Austin Campbell, Ram Ahluwalia, and Chris Perkins pick apart Adam Aron's fight with Robinhood, and ask whether the dispute is really about capital formation, or about who gets to sell exposure to a company's stock. The discussion also sees them cover the mechanics of a reverse ADR and debate the value of the stock tokens, with Ram saying they solve no real problems.Plus, why memecoins like $FAMI and $STONK are trading against Robinhood Chain's stock tokens, Anthropic's Fable 5.1 and OpenAI's GPT-6 Astra clearing new cybersecurity thresholds, Bernie Sanders' bill to ban artificial superintelligence, and whether Kevin Warsh's Fed will hike in September.Chris says stock-paired memecoins are GameStop 2.0 and Ram says Warsh is only talking the talk but likely won't walk the walk.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97==============================================================================Timestamps:🥊 01:43 AMC's CEO calls Robinhood's stock tokens vile: what they actually are📊 07:16 Ram: stock tokens are "derivatives for the sake of derivatives"🔍 12:18 Why Austin says the AMC fight reveals markets microstructure ignorance🌎 19:17 Austin's case that DeFi-distributed US stocks are genuinely transformational📣 23:57 1inch Aqua: back multiple liquidity positions with one wallet balance at oneinch.com/aqua🎰 25:13 Why the stock-paired memecoin frenzy is GameStop 2.0🤖 29:31 Fable 5.1 and GPT-6 Astra go live: why AGI is not here yet🏭 36:43 Chris on data centers become a bipartisan flashpoint heading into midterms🏛️ 45:38 Warsh's hike talk and a payrolls surprise scramble rate bets🌍 53:28 Norway's sovereign fund plan to cut US Treasurys: signal or top?
Did the Ninth Circuit Just Send Kalshi to the Supreme Court? Bits + Bips 2026-09-01 | Kalshi's Andy Ross joins the panel to argue that a Ninth Circuit ruling against the exchange might actually help its case at the Supreme Court.🔥 EPISODE LINK 🔥unchainedcrypto.com/why-the-kalshi-nevada-ruling-could-land-at-the-supreme-court=========================================================================Thank you to our sponsors!👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-yt========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================A Ninth Circuit panel ruled unanimously that Nevada can enforce its gambling laws against Kalshi's sports contracts, clashing with an April Third Circuit ruling that placed Kalshi under CFTC oversight instead.Andy Ross, Head of Institutional at Kalshi, joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to unpack the resulting circuit split and argue that Kalshi's order book looks nothing like a sportsbook that bans its winners.They also dig into a viral report that OpenAI's agents built a covert message board to coordinate across sandboxes and dodge shutdown, debating whether it is a real security failure or, as Ram argues, a marketing stunt. Ross also reveals the topic that drives the most requests for new markets: divorce.The conversation turns to Kevin Warsh's hawkish Jackson Hole debut, why Kalshi and FedWatch price September's rate odds more than 30 points apart, and why Ram thinks Congress, not the Fed, holds the real key to the debt problem.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Andy Ross - Head of Institutional at Kalshi - linkedin.com/in/andy-ross-51184917==============================================================================Timestamps:📣 00:39 1inch Aqua: Back multiple liquidity positions with one wallet at http://unchainedcrypto.com/go/1inch-yt🤖 01:31 How OpenAI's agents built a covert message board to game evaluations⚖️ 11:16 Why Andy says blaming AI is easier than admitting human error📣 17:18 1inch Aqua: See how the new shared liquidity platform works at unchainedcrypto.com/go/1inch-yt🏛️ 18:05 Ninth Circuit rules Nevada can enforce gambling law against Kalshi🎯 22:49 Why the CFTC believes it has federal preemption over event contracts💹 28:47 Perpetuals are back, and Kalshi is adding gold, FX, and rates contracts📜 33:43 Austin on the blurry legal line between a swap and a future🏦 41:45 Warsh's hawkish Jackson Hole speech and September hike odds💰 52:14 Why Austin thinks Congress, not the Fed, owns the debt problem🌐 56:03 Andy on stablecoin dollarization and Kalshi's coming AI markets
Were Not Carnival Barkers: Who Wins the CFTCs Prediction Market Brawl? Bits + Bips 2026-08-25 | CME's Terry Duffy and Kalshi traded public insults over prediction markets. Ram, Austin, Chris, and Bitwise's Gordon Grant break down who's winning.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/cme-vs-kalshi-is-washington-picking-a-winner-in-prediction-markets=========================================================================Thank you to our sponsors!👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-yt========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================CME chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded barbed insults at the CFTC's first-ever innovation advisory committee meeting, with Duffy warning that prediction markets invite manipulation and Lopes Lara firing back that CME should learn about efficiency.Austin Campbell, Ram Ahluwalia, and Chris Perkins are joined by Bitwise portfolio manager Gordon Grant to referee the fight, weighing whether the incumbent exchange or the upstart prediction market has the stronger claim as CFTC chair Mike Selig moves to bring platforms like Hyperliquid onshore.They also cover Bitcoin pushing toward $80,000 as Scott Bessent's Treasury long-end buybacks jolt bond market volatility, stress signals building in the TIPS market, Gordon's pitch for parametric insurance as prediction markets' next frontier, and a mystery 20-cent open-weight AI model outscoring GPT and Claude at a fraction of the price.Whether prediction markets graduate from novelty bets into real financial infrastructure may come down to who wins this fight.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Gordon Grant - Portfolio Manager and Head of Derivatives at Bitwise - https://x.com/GJGBitwise==============================================================================Timestamps:🎯 01:26 Bitcoin nears $80K as ETF inflows flip hard on Treasury's buyback plan📊 04:35 Gordon on how Bessent linked Treasury vol to Bitcoin's own vol spike🧾 17:10 Austin flags bizarre TIPS market stress as a sign fiscal imbalances are closer🌊 19:43 Ram channels Ray Dalio: why bond vigilantes won't break the Treasury market📣 26:48 1inch Aqua: see how shared liquidity works at 1inch.com/aqua🥊 28:14 CFTC's Duffy and Kalshi's Lopes Lara clash over prediction market oversight☂️ 40:21 Gordon's pitch: parametric insurance as prediction markets' next frontier🤖 47:55 The mystery 20-cent open-weight model outscoring GPT and Claude on coding🏛️ 55:32 Chris on why AI data centers are becoming this cycle's rare bipartisan fight🗳️ 57:33 Ram on why the anti-AI backlash is 'a very weak argument'
Why Trump Being the Boss of the OCC Is World Libertys Real Problem Bits + Bips 2026-08-20 | 35 to 40 percent. That's how much of World Liberty Trump affiliates reportedly own, says Austin Campbell, while Trump controls the regulator deciding its bank charter. 🏦
How a War Zone Memory Shaped Chris Perkins Case for Crypto Privateers Bits + Bips 2026-08-19 | From a warzone memory to a White House policy. Chris Perkins on why he believes deputizing private firms is the only way to stop billions in crypto theft. 🏴☠️
Did Trump Just Legalize Hacking the Hackers? Bits + Bips 2026-08-18 | A new presidential memo lets private firms hack foreign cybercriminals — a plan Chris Perkins helped pitch. Plus a Trump-family bank charter and a rule that could push Tether offshore.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/new-us-rules-could-force-coinbase-to-delist-tether=========================================================================Thank you to our sponsors!👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-sn.========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================A new presidential memorandum lets vetted private firms run offensive cyber operations against foreign hackers, and Chris Perkins helped write the original pitch eighteen months before it became policy.Perkins, Head of Franklin Crypto, and Austin Campbell, Founder of Zero Knowledge Group, unpack the letters-of-marque-style memo: the $1 million escrow bond, the sixty-day rulemaking window, and why North Korea’s Lazarus Group sits at the center of the attribution debate. Legal scholars call it a war powers problem and a violation of international law on piracy; Perkins calls it the only workable answer to $21 billion in crypto theft last year.They also dig into World Liberty's conditional OCC trust bank charter for its USD1 stablecoin, Treasury's new guidance on Genius Act stablecoin reciprocity, and why Coinbase's US platform may need to delist Tether. Plus, the SEC abruptly postpones its crypto rulemaking meeting while the CFTC keeps moving.Campbell's verdict: after 2028, a new administration could turn World Liberty's own bank charter into the industry's biggest liability.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97==============================================================================Timestamps:🗡️ 02:52 Trump's new memo lets private firms hack foreign cybercriminals⚖️ 14:16 Legal scholars call privateering a war powers and international law problem💧 26:48 1inch Aqua: Back multiple liquidity positions with one wallet balance at unchainedcrypto.com/go/1inch-sn🏦 28:25 World Liberty's OCC trust charter and its USD1 stablecoin reserves🚩 34:33 Why Austin calls Trump's family owning World Liberty 'unprecedented'📜 44:01 Treasury's Genius Act guidance on stablecoin reciprocity and extraterritoriality🪙 50:33 Why Coinbase's US platform might have to delist Tether🏛️ 52:55 The SEC punts its crypto meeting while the CFTC keeps moving
What Turns Bitcoins Oversold Signal Into a Buy Signal Bits + Bips 2026-08-15 | Katie Stockton on when an oversold Bitcoin chart actually becomes a buy signal:📉 Stochastics need to clear 20%, decisively⏳ The signal comes with a built-in lag, by design🎯 The goal is catching inflection points, not noiseFull conversation with Steven Ehrlich on Bits +Bbips. 🎧
How Cryptos High Beta Turns Volatility Into Opportunity Bits + Bips 2026-08-15 | New clip: Katie Stockton on volatility as opportunity.📊 BVIV works like a sentiment gauge, not just a fear index⚖️ It shows how traders are positioning, not only how worried they are🎧 Full episode with Steven Ehrlich on Bits + Bips
Bitcoins Calm Could Be the Setup for Its Next Move Higher Bits + Bips 2026-08-14 | Bitcoin's barely budged in weeks, but Katie Stockton says the charts are flashing a long-term oversold signal that has preceded past turnarounds.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/a-technical-strategist-sees-opportunity-in-bitcoins-quiet-market========================================================================Sponsors: 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). 👉 Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips ========================================================================While AI stocks keep grinding to record highs and bond yields climb, Bitcoin has done almost nothing for weeks. Katie Stockton, founder of Fairlead Strategies, says that stillness is not a warning sign. It is what a long-term bottom looks like on the charts.Stockton, a CMT returning to the show, points to a monthly stochastic oscillator that has stayed oversold for months and DeMark indicators showing downside exhaustion. She argues the two together suggest Bitcoin may have a major low in place, even with a hardware wallet hack, the Clarity Act, and an inflation print complicating the setup.She walks through why Ether's downtrend looks cyclical inside a longer secular uptrend, what the ETH to Bitcoin ratio's break below its 200-day average could mean, and how Solana, XRP, and Hyperliquid each look different. Host:⭐️ Steve Ehrlich - Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ Katie Stockton - CMT, Founder and Managing Partner of Fairlead Strategies - https://x.com/StocktonKatieTimestamps:📉 02:33 Bitcoin's monthly stochastic just flipped long-term oversold, the signal bulls have been waiting for🔍 04:22 Fibonacci and the cloud model line up on one thing: a potential major low⚡ 16:07 Ether's downtrend is cyclical, not the end of the story, and the monthly chart shows why🔄 21:19 Katie's call: Ether may have already put in its major low🪙 27:20 The one thing Solana's chart still needs to confirm it's done bottoming📉 28:54 Ripple is testing support and lagging. Is it setting up or falling behind?🤖 33:41 Why Hyperliquid is suddenly trading like an AI or semiconductor stock📊 39:28 BVIV vs. the VIX: what crypto's eerily calm volatility is really signaling🏦 41:48 Katie's contrarian take: crypto's institutionalization story is overhyped=========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Your Token Should Be at One Tenth: The Cost of Fighting Institutions Bits + Bips 2026-08-12 | According to Austin Campbell, if Ethereum fights institutions to the death, the token pays for it, at maybe one tenth its current value. 📉 New clip.
Eat Its Own Cooking: Why This ETH Proposal Is Doomed to Fail Bits + Bips 2026-08-12 | "They're eating their own cooking": Chris Perkins on why Ethereum's staking proposal could expose that the Foundation does not control the network. 🍳 New clip.
Should Ethereum Burn Its Way to Zero Staking Yield? Bits + Bips 2026-08-12 | An Ethereum proposal to zero out staking yield has the community in revolt. Seth Ginns of Franklin Crypto weighs in on whether it solves a real problem. Plus, the Clarity delay.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-an-ethereum-proposal-to-zero-out-staking-yield-sparked-a-revolt=========================================================================Thank you to our sponsor!👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-sn.========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================The Ethereum Foundation is facing a proposal that could push staking yield to zero, and the community's reaction has been closer to revolt than debate.Seth Ginns, Chief Investment Officer of Franklin Crypto, joins Austin Campbell and Chris Perkins to work through the burn proposal, which would erase Ethereum's issuance once roughly 60.25 million ETH is staked. Ginns calls it an academic push that skipped the coordination institutions now expect, while Perkins argues the Foundation is about to prove it has no real control over the network it built.They also cover why institutions keep citing the Bybit hack as a reason to stay off Ethereum, the Clarity Act's ethics standoff ahead of its September 15 vote, a weak jobs report that left the Fed's next move unclear, and Cloudflare's disclosure that AI agents now make up more than half its network traffic.If Ethereum rejects the institutions weighing in on its own monetary policy, Campbell says, its token should probably trade at a fraction of its current value.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Seth Ginns - Chief Investment Officer of Franklin Crypto - https://x.com/sethginns ==============================================================================Timestamps:💧 02:01 1inch: See how 1inch Aqua's shared liquidity layer works at 1inch.com/aqua🏛️ 03:23 Why Chris says losing the Clarity Act vote could help crypto politically🗳️ 06:54 Why Austin says FairShake should skip the fight over ethics language🔥 15:32 The proposal to burn ETH issuance to zero, and Seth's case that it's a solution looking for a problem💼 34:05 Why the Bybit hack keeps coming up as a red flag for institutions📉 40:03 A weak jobs report and falling participation leave the Fed's move unclear🤖 52:11 Cloudflare's agent traffic surge and what it means for crypto rails
Giannis Antetokounmpo Reportedly Spreads His Cash Across 50 Banks Bits + Bips 2026-08-05 | One custodian. One point of failure. Zero backup plan. ⚠️ Austin Campbell and Alex Thorn make the case for spreading crypto the way Giannis Antetokounmpo reportedly spreads cash — across dozens of banks.New Bits + Bips clip:
Does Wave Three Prove the Coldcard Attacker Changed Tactics? Bits + Bips 2026-08-05 | "The attacker demonstrably changed their operational process." That's Alex Thorn's read on the Coldcard hack's third wave — one victim, one vault, 293 times over.🕵️ New Bits + Bips clip:
Coldcards Firmware Flaw Let Hackers Steal $100 Million. Is Your Cold Storage Safe? Bits + Bips 2026-08-04 | Galaxy Digital's Alex Thorn joins Austin, Ram, and Chris on the Coldcard firmware bug that's drained over $100M from cold storage — plus why the researchers chasing the next hack are stuck on Chinese AI models.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/chinese-ai-models-are-defending-bitcoin-wallets-because-us-models-wont=========================================================================Thank you to our sponsors!👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================A firmware bug that has sat inside Coldcard hardware wallets since 2021 let hackers drain more than $100 million in bitcoin — an estimated 1,600 to 2,000 BTC — from cold storage. The stolen coins had been dormant for about four years on average, so the victims are long-term holders, not speculators.Alex Thorn, head of research at Galaxy Digital and host of the Galaxy Brains podcast, has traced the exploit in real time, mapping three confirmed waves of theft and a possible fourth. He joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to work out whether ordinary holders should self-custody at all — and why the researchers racing to catch the next exploit are stuck using Chinese AI models, because US frontier models refuse the security work.The conversation covers the collapse of an AI hedge fund whose assets fell from $45 billion to $10 billion before a distressed sale to Ken Griffin's Citadel, whether Citadel timed the fire sale or simply had the cash, the multisig setups that came through the hack intact, and the Fed's divided vote to hold rates as Kevin Warsh pushes to make it more accountable.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Alex Thorn - Head of Research at Galaxy Digital and host of Galaxy Brains - https://x.com/intangiblecoins==============================================================================Timestamps:📱 00:54 Cape: Get 33% off your first six months of privacy-first mobile service at cape.co/unchained📉 02:22 How a $45B AI fund cratered to $10B in one brutal month🖥️ 07:59 Alex Thorn: why AI infrastructure demand isn't actually slowing🏦 15:45 Why Ram calls Citadel and Jane Street the new lenders of last resort🔐 20:14 Inside the Coldcard hack: over $100M drained from cold storage🎲 24:11 How a broken random number generator let attackers derive keys🕵️ 30:19 Alex Thorn traces the Coldcard attacker's wave-by-wave pattern🤖 40:23 Why US AI guardrails are pushing security research to Chinese models🔑 45:50 Self-custody or Coinbase? Alex Thorn's advice for grandma's Bitcoin🏛️ 54:44 The Fed holds rates as Kevin Warsh pushes for more accountability🇯🇵 57:48 The yen carry trade, a more powerful Treasury, and how to keep rates low
Meta Sank 10% on Earnings. Microsoft Didnt Blink. Heres Why. Bits + Bips 2026-07-31 | Cole Kennelly says Bitcoin's volatility index is already pricing in the Clarity Act, weeks before the Senate even votes on it.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-wall-streets-ai-earnings-verdict-split-meta-from-microsoft========================================================================Sponsors: 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). 👉 Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips ========================================================================Fed Chair Kevin Warsh held his second press conference this week, and by his own account, he wants bond yields to do more of the Fed's talking. The bond market answered, then stocks sold off before clawing back part of the drop.Chris Galipeau, Head Market Strategist at the Franklin Templeton Institute, joins Steven Ehrlich to argue markets are overreacting, to Warsh's confusing debut, to Iran and oil, and to fears that AI spending is a bubble.Galipeau cites the data: the S&P has gained 11% on average with a 76% hit rate in the year after every major conflict since 1929, Meta fell 10% on CapEx guidance while Microsoft's Azure growth held steady, and the Mag7 now lags the average stock by 20 points.He argues for prediction markets using "Wisdom of Crowds" thinking, lays out his stop-loss discipline for protecting capital, and delivers his verdict: the AI trade is real, just early. Second inning, not the ninth.Host:⭐️ Steve Ehrlich - Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ Chris Galipeau - Head Market Strategist at the Franklin Templeton Institute - http://linkedin.com/in/chrisgalipeauTimestamps:🏦 02:10 Chris Galipeau on his role building Franklin Templeton's twelve-month house view🏛️ 03:31 Why Kevin Warsh's second Fed presser rattled the bond market📱 12:22 Cape: Get 33% off your first six months of privacy-first mobile service at cape.co/unchained🛢️ 13:40 Why the S&P averages 11% gains a year after major conflicts since 1929🤖 23:44 Meta falls on CapEx guidance, Microsoft doesn't: reading the AI earnings split🎲 34:13 Prediction markets, the 'Wisdom of Crowds,' and why belief moves prices📊 42:49 The highest-conviction call: fading Mag Seven dominance =========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Why Ram Ahluwalia Compares AI Models to the Wright Brothers Bits + Bips 2026-07-31 | If you build a proprietary AI model, someone eventually copies it.Ram Ahluwalia says that's not a flaw, it's capitalism, just like Boeing and Lockheed Martin did to the Wright brothers. ✈️New Bits + Bips clip.
Why Chris Perkins Says AI and Crypto Go Hand in Hand Bits + Bips 2026-07-30 | Is crypto AI's rival or its natural partner? Chris Perkins makes the case that crypto gets empowered, not replaced, once AI-era security issues get solved. 🤖🇺🇸 New Bits + Bips clip.
Why Jensen Huangs Open Letter Is Reigniting AIs Biggest Fight Bits + Bips 2026-07-29 | Lorenzo Valente of ARK Invest joins Austin, Ram, and Chris on why real-world assets just out-traded crypto on Hyperliquid for the first time — plus what Jensen Huang's first-ever post on X started.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-rwas-just-out-traded-crypto-on-hyperliquid-for-the-first-time=========================================================================Thank you to our sponsors!👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================Jensen Huang had never posted on X. His first post ever was an open letter arguing that open AI models are a national asset — and by the end of the week, 50 companies had signed it. Anthropic and Amazon still haven't.Lorenzo Valente, director of research at ARK Invest, joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to work out who actually wins that fight, and what it costs.Then Lorenzo brings the stat he found himself: for the first time, Hyperliquid traded more real-world assets than crypto in a single week. Individual stocks are now 61% of that flow. His read is that owning Bitcoin, Ethereum, and Solana volume may matter far less than everyone assumes — which Ram calls "cute" and "a toy."The conversation covers the Clarity Act's collapsing Senate math, Google's first negative free cash flow in 22 years as a public company, the real price of cheap Chinese models, why markets shrugged off the Ukraine-Iran escalation, and the public split between Multicoin and its co-founder.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Lorenzo Valente - Director of Research at ARK Invest - https://x.com/LorenzoARK==============================================================================Timestamps:💙 01:00 Cape: Get 33% off your first six months of privacy first mobile service at cape.co/unchained🏛️ 02:24 Why Chris says Clarity's Senate math still doesn't add up to 60 votes🤖 10:58 Why Ram bought Google's post earnings sell off, calling it near the bottom🔓 21:45 Jensen Huang's first ever X post reignites the open versus closed weight AI fight💰 26:48 Lorenzo on why DeepSeek and Moonshot AI's reported raises expose open models' real costs🌍 34:36 Why Ram and Chris think markets have already priced in the Ukraine-Iran escalation📊 41:32 Lorenzo's stat: RWAs now out trade crypto on Hyperliquid🥊 50:29 The Multicoin and Kyle Samani split, and Ram's line that crypto has no main character🏦 54:21 Do all the real-world assets end up on one venue, or fragment like traditional markets?
Prediction Markets Are Crypto’s Newest Perps Bits + Bips 2026-07-26 | Trading the VIX usually means trading VIX options. Cole Kennelly says Polymarket turns that into a simple prediction market instead. 🎲New Bits and Bips interview.
How the Clarity Act Is Showing Up in Bitcoins Term Structure Bits + Bips 2026-07-25 | Bitcoin's term structure isn't smooth right now.Cole Kennelly on the 14-day kink in Bitcoin's vol curve: institutional demand and the Clarity Act are already showing up in the data. 📊New Bits and Bips interview.
How a Quiet Bitcoin Signal Is Now Showing a Shift in the Market Bits + Bips 2026-07-25 | Cole Kennelly says Bitcoin's volatility index is already pricing in the Clarity Act, weeks before the Senate even votes on it.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-bitcoins-vol-index-is-already-pricing-in-the-odds-of-the-clarity-act-passing========================================================================Sponsors: 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). 👉 Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips ========================================================================Bitcoin's Implied Volatility Index has quietly ticked higher in the 14-day tenor, and Cole Kennelly, founder and CEO of Volmex Labs, says the market is pricing in the Clarity Act before Congress finishes voting.Kennelly joins Steven Ehrlich to unpack what Volmex's BVIV, BVIV-US, and EVIV indices are picking up as oil climbs past $100 a barrel, the ECB holds rates, and traders brace for the FOMC. He argues Bitcoin, already a settled CFTC commodity, has the least to gain from Clarity passing, while Ethereum, Solana, and Hyperliquid stand to benefit far more.They trace the two-point premium between BVIV and BVIV-US to the transparency built into IBIT's regulated options market, and Kennelly compares Polymarket's BVIV and EVIV contracts to what perpetual futures once did for crypto derivatives.With the Senate's August recess looming and Clarity's odds near a coin flip, the 14-day kink in his term structure may be the clearest signal anyone has.Host:⭐️ Steve Ehrlich - Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ Cole Kennelly - Founder and CEO of Volmex Labs - https://x.com/ColeGotTweetsTimestamps:🎙️ 03:54 Cole breaks down Volmex's BVIV, BVIV-US, and EVIV — the benchmarks bringing real volatility pricing to crypto📉 07:14 The Clarity Act just showed up as a kink in BVIV's 14-day term structure — here's why💙 13:06 Cape: get 33% off six months of privacy-first mobile service at cape.co/unchained🏦 14:41 Inside IBIT's $25B options market — and why BVIV and BVIV-US are starting to diverge⚖️ 16:56 Ethereum and Solana have way more riding on Clarity than Bitcoin — here's the case why🎲 22:29 Polymarket's big tie-up, and why Cole thinks prediction markets are basically perpetuals in disguise =========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Why Ram Ahluwalia Says Apple Has No Upside Left Right Now Bits + Bips 2026-07-23 | Apple didn't chase the AI spending race. 🍏 Ram Ahluwalia breaks down why that discipline paid off, and why he's still cautious here:💰 Buybacks over CapEx🚗 Cutting Apple Car📈 A 35x multiple with little room leftNew clip on Bits + Bips.
Why Austin Campbell Says PayPal Chose to Fail at Stablecoins Bits + Bips 2026-07-23 | Timing issue. Execution issue. Innovator's dilemma. 🧩 Austin Campbell on why PayPal let Stripe's $53B bid happen.New clip from Bits + Bips.
Stripe Bid $53B for PayPal: Who Actually Wins Stablecoin Payments? Bits + Bips 2026-07-21 | Cyclops founder Alex Wilson on why PayPal 'chose to fail' at stablecoins, and what Stripe's $53 billion bid really means for the payment wars. Plus: the Clarity Act's last shot before recess.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/stripe-bid-53b-for-paypal-who-actually-wins-stablecoin-payments=========================================================================Thank you to our sponsors!👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================Stripe and Advent's $53 billion bid for PayPal has reopened an old argument: did PayPal ever really try to win with stablecoins? Alex Wilson, founder of Cyclops and former head of crypto and stablecoins at Shift4, joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to argue that PayPal chose the innovator's dilemma over disrupting its own checkout business, while Stripe used its richer private valuation to buy up cheap public payments companies outright.Wilson and the hosts then map the stablecoin distribution war, from Circle's exposure to bank-led consortiums like OUSD to Robinhood's USDG, which arrived with a built-in user base and a promotional 7% yield.Markets and AI round out the show. Ram Ahluwalia explains why SpaceX's post-IPO round trip is less a top signal than a series of mini euphoric moments unwinding, and why he sees Oracle's balance sheet exposed as Kimi K3 undercuts OpenAI's pricing.Chris Perkins closes on why banks are suddenly pushing for the Clarity Act's federal preemption, and why the Senate may get only one shot before recess.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Alex Wilson - Founder of Cyclops, Cofounder of The Giving Block, and former Head of Crypto and Stablecoins at Shift4 - https://x.com/AlexWilsonTGB==============================================================================Timestamps:📣 01:33 Cape: Get 33% off your first six months of America's privacy first mobile carrier at cape.co/unchained🤝 02:49 Meet Alex Wilson: the Cyclops founder on his second run at stablecoin payments💳 04:59 Stripe's $53B bid for PayPal and what it says about the distribution battle⚔️ 16:51 The stablecoin distribution war: Circle, the bank-led OUSD, and Robinhood's USDG🚀 25:47 SpaceX's post-IPO round trip and what record US equity issuance signals🇨🇳 32:56 Kimi K3: China's cheap open weight model rattles US AI and chip stocks🧩 38:42 Where Ram thinks AI's value actually accrues: semis, then the app layer🧠 41:23 Austin on AI in health care and Claude Fable 5's Jacobian conjecture breakthrough🛡️ 48:11 Why Austin says there's no way to opt out of the AI guardrails race⚖️ 52:12 The Clarity Act: why Chris says it's one shot on goal before recess
Why the Clarity Act Would Still Surprise Markets Bits + Bips 2026-07-18 | Polymarket's Clarity Act odds just slid from 75% to under 40%.Andy Baehr of GSR says that drop means passage would now catch the market off guard. ⚖️New episode with Steven Ehrlich.
What It Takes for Crypto to Finally Escape the Hawkish Cycle Bits + Bips 2026-07-18 | 'It all really comes down to rates.' Andy Baehr of GSR breaks down why real rates, not inflation prints, decide Bitcoin's next move. 📊Full episode with Steven Ehrlich now streaming.
Sam Lyman Traces Greenpeaces Cash Back to a Bitcoin Rival Bits + Bips 2026-07-15 | Sam Lyman traced Facebook opposition to his own data center back to a Greenpeace campaign funded by a rival cryptocurrency. 🔍Here's how one Texas fight became a national research project.
Chris Perkins Says Progressives Are Fighting Their Own Best Technology Bits + Bips 2026-07-15 | Real time financial access. A level playing field on education. Job training for people without connections. 🔑 Chris Perkins makes the case that crypto and AI are progressive tools, not threats.
Is China Secretly Funding the War on US AI Data Centers? Bits + Bips 2026-07-14 | Sam Lyman says a Shanghai-based network is quietly blocking billions in AI data centers. Austin, Ram, and Chris also debate Clarity odds and stablecoins.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/how-china-may-be-interfering-in-local-us-politics-to-block-ai-data-center-progress=========================================================================Thank you to our sponsors!👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================A political network based in Shanghai has helped block or delay $24 billion in US AI data center construction, according to new research from the Bitcoin Policy Institute.Sam Lyman, head of research at BPI, joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to walk through 21 case studies of Marxist-Leninist activists organizing town hall showdowns, sometimes bused in from out of state, while separating that inorganic pressure from the genuine local concern over water and power that also exists.The hosts press him on the mechanics, then turn to whether the Clarity Act survives the Senate before August recess. Lyman puts the odds at 70%, helped by senator Ron Wyden's surprise endorsement of BRCA. Austin argues age, not party, is the real predictor of political support, and later makes the case that Jamie Dimon has stablecoins backwards.The through line: money moves policy long before votes do, in Shanghai and on Wall Street alike.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️Sam Lyman - Head of Research at the Bitcoin Policy Institute==============================================================================Timestamps:🗺️ 02:20 BPI's report: the Singham network's $24B block on US AI data centers🏛️ 07:34 Astroturfing 101: town halls, busing, and the PSL playbook⚛️ 20:41 Why the AI backlash echoes the mistakes made on nuclear power📜 25:49 Sam's odds: Clarity passes in the next few weeks at 70%📣 29:31 Cape: Get 33% off your first six months with code UNCHAINED at cape.co/unchained🤝 30:31 Wyden's surprise break: why a key Democrat just backed BRCA🎂 37:51 Austin's heuristic: age, not party, predicts crypto and AI support🛢️ 43:18 Why the market is really pricing Iran tail risk, not a rate hike🏦 48:57 Dimon's blind spot: why JPMorgan may be stablecoins' biggest winner🎟️ 53:22 Interchange as a tax: Ram's coupons fix for merchants and consumers💰 58:04 Franklin's Benji tech and the case for tokenized money funds
Why Choosing a Cheaper Oracle Can Cost DeFi Everything Bits + Bips 2026-07-12 | Save a few bucks on your oracle, and you might be trading away your users' security.Niklas Kunkel lays out why cheaper is not always safer for bridges and interop protocols. 💰
What Went Wrong When SpaceX Pre-IPO Tokens Blew Up Bits + Bips 2026-07-12 | Everyone blamed bad tech for the SpaceX token blowups. Niklas Kunkel tells Steven Ehrlich the real issue was buyers holding an SPV on an SPV on an SPV, with no shares to show for it. 📉
Why Oracles Are DeFis Achilles Heel and How to Ensure Theyre Not Manipulated Bits + Bips 2026-07-10 | From inventing DeFi's first oracle at MakerDAO to auditing BlackRock's tokenized billions, Niklas Kunkel maps the hidden plumbing behind the RWA boom.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-any-defi-protocol-lives-and-dies-by-its-oracle-and-how-to-strengthen-them========================================================================Sponsors: 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Investors who bought pre-IPO SpaceX exposure through tokenized markets this year found out the hard way that some wrappers were an SPV stacked inside another SPV, and the shares were never there when it came time to redeem.Niklas Kunkel, founder and CEO of Chronicle Labs and a founding member of MakerDAO, joins Steven Ehrlich to argue that catching failures like that is the entire point of an oracle. Chronicle rebuilds a fund from its underlying collateral instead of taking an issuer's word, a discipline traced back to inventing DeFi's first oracle while building Maker from scratch.He details how that model verifies BlackRock's BUIDL fund and the crypto collateral behind Galaxy's first tokenized CLO, then revisits the KelpDAO exploit that froze Aave, calling a compromised bridge an oracle under a different name. Ten years after Chronicle's first oracle went live without a hack, Kunkel says that rigor decides which parts of the RWA market survive.Host:⭐️ Steve Ehrlich, Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ Niklas Kunkel - Founder and CEO of Chronicle Labs - https://x.com/nomos_paradoxTimestamps:🎙️ 00:41 Niklas Kunkel on what actually separates the oracle providers, and why most people get it wrong🛠️ 02:39 The origin story: why building MakerDAO forced Niklas to invent the oracle from scratch⚠️ 06:35 The hidden single point of failure lurking inside every DeFi protocol🏦 11:07 Chronicle's bet: from pricing tokens to verifying the real collateral behind tokenized RWAs🧾 15:30 Don't trust, verify: how Chronicle rebuilds BlackRock's BUIDL fund from scratch, independently📣 24:50 Cape: Get 33% off your first six months with code unchained at cape.co/unchained📈 27:07 The hottest RWA trade nobody's talking about: why CLOs like Galaxy's new tokenized credit product are taking off🚀 32:36 The SpaceX pre-IPO token mess: buyers paid up, then never got their shares🌉 36:21 The KelpDAO exploit and the uncomfortable truth: every bridge is just an oracle in disguise📊 42:28 Chronicle's next growth wave: tokenized equities and the redemption gap that could break them⛓️ 48:15 The counterintuitive one: why even fully onchain-issued funds still can't skip proof of asset =========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Why Chris Says Tokens Put Private Property Onchain Bits + Bips 2026-07-10 | Why did Chris Perkins really get into crypto? Not Bitcoin. Not the hype. 🔑 He tells the story on Bits + Bips.
Why Ram Thinks 99% of Tokens End Up Worthless Bits + Bips 2026-07-10 | 'I think it'll be like 99%.' Ram Ahluwalia's take on how many tokens survive. 💀 Full clip on Bits + Bips.
Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now? Bits + Bips 2026-07-07 | Strategy sold $216M more Bitcoin. Ram, Austin, and Chris ask if Saylor's now a recurring seller, and whether tokens can ever coexist with equity. Plus: the stablecoin wars get real.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/strategy-sells-216m-in-bitcoin-is-saylor-a-buyer-or-a-seller-now-bits-bips=========================================================================Thank you to our sponsors!👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================Strategy sold $216 million worth of Bitcoin this week, its largest single sale yet, raising the question of whether Michael Saylor's company has quietly flipped from Bitcoin buyer to seller.Ram Ahluwalia, Austin Campbell, and Chris Perkins dig into the mechanics behind the sale, the STRC preferred dividend Strategy is racing to protect, and a bigger structural fight over whether tokens can ever function alongside equity in a company's capital stack without one cannibalizing the other.They also cover the widening stablecoin wars: Robinhood's new USDG yield product running through Morpho vaults, Tether's retreat from a MiCA-regulated Europe, and the backlash after Global Dollar Network's OUSD launch named partners who say they were never consulted. The hosts weigh which banks, from JPMorgan to Europe's regional lenders, are positioned to win as deposits migrate onchain, and why Securitize's freshly public stock is already trading like a call option.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97==============================================================================Timestamps:💰 01:55 Strategy sells $216M more Bitcoin: is Saylor now a recurring seller?⚖️ 09:40 Why Ram says there's no room for a third category beyond debt and equity🪙 22:26 Ram: could up to 99% of today's tokens end up worthless?📣 28:37 Cape: Use code UNCHAINED for 33% off your first six months at cape.co/unchained 🌍 29:36 Robinhood's USDG yield, Tether's Europe exit, and the OUSD backlash🏦 42:29 Why Austin says the banks that ignored stablecoins risk becoming Borders 📈 49:57 Securitize goes public: why Austin says the stock trades like a call option🤖 53:44 Why quality stocks are clawing back share from the AI and semis rally
The YOLO-FOMO Trade: Why Bitcoin Options Look Nothing Like Wall Streets Bits + Bips 2026-07-03 | Traditional options markets lean toward puts. Bitcoin's leans hard toward calls. 🚀David Lawant explains why on Bits + Bips with Steven Ehrlich. 🎧
Is Strategy Now Blocking Bitcoins Next Leg Up? #shorts #viralvideo Bits + Bips 2026-07-02 | Whenever someone becomes the main character in crypto, their demise is imminent. 🪙 Austin Campbell on why Strategy may now be the very thing blocking Bitcoin's move up.
Anchorages David Lawant Says Bitcoin Options Signal Calm, Not Crisis Bits + Bips 2026-07-02 | Fear and greed says panic. The options market says something else. David Lawant of Anchorage Digital walks through the signals that matter right now.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/anchorages-david-lawant-explains-why-bitcoins-options-market-isnt-panicking-bits-bips========================================================================Sponsors: 👉 Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: https://crypto.fidelitycareers.com. 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Bitcoin has been stuck near $60,000, more than 50% off its November 2024 highs, and Strategy's STRC preferred stock was sinking hard enough to spook the market before a sweeping 8-K aimed at stabilizing it.David Lawant, Head of Research at Anchorage Digital, joins Steven Ehrlich to argue that the panic in STRC's price and in crypto's fear and greed index is not showing up in the options market, where he says the real signals live.Lawant walks through Strategy's $1.15 billion ATM raise, why Bitcoin's options open interest has topped $60 billion and now exceeds futures, what the MSTR risk reversal revealed about tail risk during the selloff, and why Bitcoin's volatility term structure has stayed inverted for months. He also maps who trades these options, from retail call buyers to Anchorage's OTC desk, and argues real relief needs looser Fed policy and Bitcoin clawing attention back from the AI trade, which could take six to nine months.Host:⭐️ Steve Ehrlich, Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ David Lawant - Head of Research at Anchorage Digital - https://x.com/dlawantTimestamps:🏛️ 01:17 Inside Strategy's high-stakes gambit to rescue its sinking STRC stock📉 08:37 Bitcoin has no native yield, and that gap is quietly forcing Strategy to rewrite its entire playbook📊 15:36 David reveals the moment Bitcoin's options market quietly overtook its futures market💙 23:14 Cape: Get 33% off your first six months with code unchained at cape.co/unchained💼 24:08 Fidelity: Explore crypto careers that could change your future at crypto.fidelitycareers.com🌐 24:52 What Bitcoin's inverted volatility curve secretly tells you about who's really trading these options🔮 35:31 Why alts refuse to trade like MSTR, and the exact signals David is tracking right now🎯 41:16 David's blunt call: six to nine months of chop before the next leg up=========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Why Knowing Every Scam Did Not Save Laura Shin From This One #shorts #viralvideo Bits + Bips 2026-07-02 | A link that won't load. Software you must download. A terminal command. 💻 Laura Shin walks through the spear-phishing attempt that nearly worked on a journalist who knew all the signs.
Why Crypto Keeps Picking the Wrong Trillion-Dollar Fight Bits + Bips 2026-06-30 | Bitcoin logged its worst ETF month on record, and the hosts debate whether Strategy has become the marginal seller dragging the whole market down.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-bitcoin-may-not-run-until-saylor-gets-blown-up-bits-bips=========================================================================Thank you to our sponsors!👉 Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: https://crypto.fidelitycareers.com.👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Bitcoin slid to roughly $58,000 over the weekend, its lowest level in years, capping the worst month on record for spot Bitcoin ETFs as billions flowed out of funds like IBIT.Austin Campbell, Ram Ahluwalia, and Chris Perkins debate whether Strategy has shifted from Bitcoin’s marginal buyer to its marginal seller, and whether the market can move higher while Michael Saylor remains the main character. Laura Shin opens with a more immediate and personal risk: a spear-phishing attempt that convinced her to run a terminal command before she caught it.From there the hosts handicap the Clarity Act's odds before the August recess, why a Supreme Court geofencing ruling could gut the Bank Secrecy Act, and why community banks are dying. Ram makes the case that crypto's real unlock is community lending and capital formation, not tokenizing Wall Street, and that fighting BlackRock was always an act of hubris.========================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97Guest: ⭐️ Laura Shin - Founder and Host of Unchained - https://x.com/laurashin=========================================================================Timestamps:🎣 01:47 How Laura Shin got spear-phished by a fake podcast invite🛡️ 06:13 Austin's rules for beating social engineering when the pressure is on🏦 08:22 The security case for holding crypto in ETFs over self-custody📉 15:03 Bitcoin's worst ETF month on record and a $58K weekend low🪙 16:40 Why Ram says any Bitcoin call has to start with Strategy🎯 21:24 The hedge fund take: Bitcoin may not run until Saylor gets blown up🤖 26:10 AI, quantum, and where crypto's real utility actually shows up💙 32:13 Fidelity: Explore crypto careers that could change your future at crypto.fidelitycareers.com📱 32:55 Cape: Get 33% off your first six months with code unchained at cape.co/unchained🏛️ 33:53 The Clarity Act push: can market structure pass before the recess?⚖️ 39:32 How a Supreme Court ruling could gut the Bank Secrecy Act🏘️ 46:06 Why community lending, not tokenizing Wall Street, is crypto's real unlock
Why GPUs Fit Futures and Tokens Might Fit Perps #shorts #viralvideo Bits + Bips 2026-06-30 | Not every asset wants a perp. Carmen Li tells Steven Ehrlich why GPU term structure points to futures, while continuous token indices might suit perpetuals. ⚙️
The Conflict of Interest Crypto Has Stopped Noticing #shorts #viralvideo Bits + Bips 2026-06-30 | A perp venue wanted Carmen Li to be the market maker for her own benchmark. She told Steven Ehrlich she thought they were joking. They weren't. 🚩
Why a Perp Exchange Asked Carmen Li to Make a Market in Her Own Index Bits + Bips 2026-06-26 | Carmen Li is bringing GPU futures to the CME while crypto perp venues court her index. She lays out which financial wrappers actually fit which assets.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-a-perp-exchange-asked-carmen-li-to-make-a-market-in-her-own-index========================================================================Sponsors: 👉 Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: https://crypto.fidelitycareers.com. 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================A perpetual futures marketplace asked Carmen Li to become the market maker for her own index, and could not believe the question was serious.Li, CEO of Silicon Data and Compute Exchange, sits down with Steven Ehrlich to explain why that request exposes a conflict of interest crypto has normalized. A former DRW options trader and Bloomberg data executive, she is building the price discovery layer for compute, the commodity she argues will soon be the largest on earth.The conversation traces how you index a market where no two GPUs are alike, why a $600 billion buildout implies a derivatives market between $6 trillion and $30 trillion, what launching cash-settled futures on the CME takes, and why 200 data sources make manipulation harder than transaction-only feeds.They also weigh stablecoin payments and miners pivoting to AI. As GPU futures move onshore and offshore perp venues circle her benchmark, the question becomes who gets to set the price.Host:⭐️ Steve Ehrlich, Head of Research at SharpLink and Host of Bits + Bips: The Interview - https://x.com/Steven_EhrlichGuest:⭐️ Carmen Li - CEO of Silicon Data and Compute Exchange - https://x.com/carmenliTimestamps:💡 02:20 The elevator pitch: what Silicon Data and Compute Exchange are really building🧮 04:03 No two GPUs are alike. So how do you build an index that tracks them all?📈 07:03 The numbers that stop you cold: 1,000% month over month growth into a market worth $6T to $30T🏛️ 09:41 Inside the CFTC: Carmen on Mike Selig and the race to put cash settled GPU futures on the CME🔗 12:32 Why every perp marketplace and DEX suddenly wants her GPU index⛏️ 14:54 The great pivot: Bitcoin miners walking away from mining for long term AI compute⚠️ 24:32 The request that set off alarm bells: be the market maker of your own index🛡️ 32:47 The manipulation defense: why 200 data sources crush transaction only feeds💵 35:45 Billion dollar deals in stablecoins? Why Compute Exchange is saying yes🌐 39:00 A bifurcating economy and the trillion dollar question: can crypto ride AI's wave=========================================================================#bitcoin #ethereum #crypto #cryptocurrencies =========================================================================
Why the CME Should Be Careful What It Wishes For #shorts Bits + Bips 2026-06-25 | 'You should be real careful what you wish for.' ⚖️ Austin Campbell on the CME's lawsuit against the CFTC over crypto perps, and why poking the bear could backfire.
The One Question That Decides Where Markets Go #shorts Bits + Bips 2026-06-24 | 'That's the whole question.' ⚡Ram Ahluwalia on why the data center cancellation rate, and the energy crunch behind it, will decide the AI trade.
Why the CME Is Suing Its Own Regulator Over Crypto Perps Bits + Bips 2026-06-23 | Coinbase is tokenizing US stocks for the rest of the world — but what makes a token 'real,' and who owns it? Plus: the AI trade wobbles and the CME sues its own regulator.🔥 EPISODE LINK 🔥unchainedcrypto.com/bits-bips/why-you-no-longer-have-to-choose-between-tradfi-and-crypto=========================================================================Thank you to our sponsors!👉 Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: https://crypto.fidelitycareers.com.👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).========================================================================Heads up!If you haven't yet, be sure to subscribe to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts. 🔥 Apple Podcasts - podcasts.apple.com/us/podcast/bits-bips/id1827931786 🔥 YouTube - youtube.com/channel/UCuKiSkbYrUOOEEiYQEVPniQ 🔥 Spotify - open.spotify.com/show/6aSBMrOyi33aVDCULJ9mjN?si=NTLk-jl5QGeytA6-2kxMVQ&nd=1&dlsi=42f0b13dd53c4ba0 🔥X - https://x.com/bitsandbips 🔥 Unchained - unchainedcrypto.com/bitsandbips========================================================================Chris Perkins just took the helm of Franklin Crypto, and he arrives with a thesis: the old choice between TradFi and crypto has collapsed. What does it look like when the two finally stop competing and start absorbing each other's tools?Austin, Ram, and Chris map the messy middle of tokenization, from yield-bearing money market funds that could undercut stablecoins to Coinbase's push to put US stocks in the hands of everyone but Americans. Which models are real, and which try to spin gold from bronze?Then they dig into whether the AI trade is quietly rolling over — weighing data-center cancellations, a Mythos national-security scare, and why the CME is picking a fight with the very regulator that approved its rivals.The conversation covers Coinbase's tokenized stocks, whether tokenized money funds could disintermediate stablecoins, the AI trade, and the CME's lawsuit against the CFTC.==============================================================================Hosts: ⭐️Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell ⭐️ Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia ⭐️ Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97==============================================================================Timestamps:🏛️ 01:58 Chris on Franklin Crypto, and why you no longer have to choose TradFi or crypto💵 05:38 Austin: why would a TradFi player adopt stablecoins and give up its own margin?🔁 08:54 Could yield-bearing tokenized money market funds disintermediate stablecoins?📈 22:02 What 'real' tokenization means, and who Coinbase's stock tokens are really for📣 33:50 Cape: Get 33% off your first six months with code unchained at cape.co/unchained🤖 35:12 Is the AI trade rolling over? The one number Ram says decides the market🔓 41:50 How real is the Mythos 'classified systems' breach claim?⚖️ 47:00 Why the CME is suing its own regulator over Bitcoin perpetuals
This Is Not the Next Amazon: Ram Ahluwalia on the SpaceX IPO Bits + Bips 2026-06-18 | 'This is a bad, bad investment.' Ram Ahluwalia on SpaceX at 135x revenue, VC unlocks incoming, and why this is not the next Amazon. With Austin Campbell and Chris Perkins on Bits + Bips. 📉
