Uploaded July 2026 | Updated September 2026, 3 days ago
What happens when crypto finally builds a trading experience for everyone, not just crypto natives?
This week, Jason sits down with fomo co-founders Paul and Se to discuss why consumer crypto has struggled, how fomo is approaching onchain trading differently, and why they believe social finance is the next major platform.
They explore building for mainstream users, the future of tokenized assets, product design tradeoffs, creator-driven distribution, and why transparent onchain data could redefine how investors discover ideas. Enjoy!
TIMESTAMPS:
00:00 Intro
03:35 Why Consumer Crypto Keeps Failing
09:32 Selling The Social Finance Vision
15:57 From Niche App To Breakout
22:22 How Fomo Acquires Users
27:57 Building The Social Trading Layer
34:44 Fees, Perps, And Onchain Competition
43:37 Expanding Beyond Trading Fees
49:12 Funding Growth Through Market Cycles
53:14 Robinhood, X, And Copy Trading
58:00 Media And Frictionless Onboarding
01:04:03 The Everything Trading App
01:09:00 Crypto, Tokens, And Going Public
FOLLOW GUESTS
› Se – https://x.com/seyong
› Paul – https://x.com/paulerlanger
› fomo – https://x.com/fomo
FOLLOW THE SHOW
› Empire – https://x.com/theempirepod
› Jason – https://x.com/jasonyanowitz
› Telegram –https://t.me/+CaCYvTOB4Eg1OWJh
› Blockworks – https://x.com/Blockworks
EVENTS
› Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th
blockworks.com/events
DISCLAIMER
Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
What happens when crypto finally builds a trading experience for everyone, not just crypto natives?
This week, Jason sits down with fomo co-founders Paul and Se to discuss why consumer crypto has struggled, how fomo is approaching onchain trading differently, and why they believe social finance is the next major platform.
They explore building for mainstream users, the future of tokenized assets, product design tradeoffs, creator-driven distribution, and why transparent onchain data could redefine how investors discover ideas. Enjoy!
TIMESTAMPS:
00:00 Intro
03:35 Why Consumer Crypto Keeps Failing
09:32 Selling The Social Finance Vision
15:57 From Niche App To Breakout
22:22 How Fomo Acquires Users
27:57 Building The Social Trading Layer
34:44 Fees, Perps, And Onchain Competition
43:37 Expanding Beyond Trading Fees
49:12 Funding Growth Through Market Cycles
53:14 Robinhood, X, And Copy Trading
58:00 Media And Frictionless Onboarding
01:04:03 The Everything Trading App
01:09:00 Crypto, Tokens, And Going Public
FOLLOW GUESTS
› Se – https://x.com/seyong
› Paul – https://x.com/paulerlanger
› fomo – https://x.com/fomo
FOLLOW THE SHOW
› Empire – https://x.com/theempirepod
› Jason – https://x.com/jasonyanowitz
› Telegram –https://t.me/+CaCYvTOB4Eg1OWJh
› Blockworks – https://x.com/Blockworks
EVENTS
› Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th
blockworks.com/events
DISCLAIMER
Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
![How Arbitrum Landed Robinhood
Gm! This week Yano is joined by Steven and AJ from OffChain Labs to dive into all the behind-the-scenes happenings of one of the biggest deals in recent crypto history - the collaboration between Arbitrum and Robinhood to tokenize both public and private US stocks for European markets.
Start your day with crypto news, analysis and data from Katherine Ross.
Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts
Follow Steven - https://x.com/sgoldfed
Follow AJ - https://x.com/ajwarner90
Follow Santi - https://x.com/santiagoroel
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees.
SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork
Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.
Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates]
Mantle is building the financial infrastructure for a tokenised future—bridging traditional finance and on-chain innovation through six integrated product pillars: Mantle Network, mETH Protocol, Function BTC, and the upcoming launches of MantleX, Mantle Banking, and the Mantle Index Four (MI4) Fund. Anchored by one of the largest community-governed treasuries in the industry, valued at over $4 billion, Mantle is delivering institutional-grade products designed for global capital markets.
Follow Mantle on X: https://x.com/Mantle_Official
Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.
The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC is now live.
Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.
Visit https://www.ledn.io to learn more.
CHAPTERS:
00:00 Intro
02:45 BTS Of Robinhood X Arbitrum Collab
07:25 Launch & Migrate Strategy
19:01 Ads (Skale, Katana)
20:49 What Did Robinhood Want The Most Out Of Arbitrum
24:03 Business Model Breakdown
38:22 Ads (Skale, Katana)
40:09 The Largest Digital Nation
42:31 OpenAI Tokens
46:56 Next Up To Work With Arbitrum
51:57 Ads (Mantle, Zenrock, ,LEDN)
54:26 Mistakes Around L1s and L2s
01:13:16 Corporate Treasuries
01:16:53 Acquisitions
01:20:13 Stablecoins
—
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed. How Arbitrum Landed Robinhood](https://i.ytimg.com/vi/lSibUTs6Fh0/mqdefault.jpg)


![No, We Have Not Topped | Weekly Roundup
Happy Friday! On this week’s Roundup, Yano and Santi are joined by Ro to dive in and explore the signals, indicators and metrics that might or might not point to a top of the cycle. From Chamath’s SPAC, borrowing and lending numbers, Kanye meme coins, NFTs and more all provide unique insights into the potential frothy Q4 ahead of us.
Start your day with crypto news, analysis and data from David Canellis.
Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts
Follow Roshun: https://x.com/roshunpatel
Follow Santi: https://x.com/santiagoroel
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
GEODNET is the world’s largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries.
Discover how GEODNET is changing the world: [https://geodnet.com]
Get up to speed on the biggest stories in crypto each week. In five minutes.
Get the Bitwise Weekly CIO Memo delivered directly to your inbox at bitwiseinvestments.com/ciomemo/empire
Mantle is pioneering Blockchain for Banking as a revolutionary new category that sits at the intersection of TradFi and web3.
Key elements for Mantle as the Blockchain for Banking:
- Transactions posted to the blockchain
- Compatibility with TradFi rails
- Integrated DeFi features
UR, built by Mantle, is the first real-world example: an on-chain money app offering Swiss IBANs and unified access to fiat (EUR, CHF, USD, RMB) and crypto — bringing crypto into everyday finance.
Mantle Network, the access layer — transforms Mantle Network into a purpose-built vertical platform — the blockchain for banking — that enables financial services on-chain. Mantle leads the establishment of Blockchain for Banking as the next frontier.
Follow Mantle on X (@Mantle_Official) for the latest updates on Mantle as the Blockchain for Banking.
Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi.
Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo
Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz
Chapters:
00:00 - Intro
04:01 Top Indicators Explored
25:33 Ads (Geodnet, Bitwise)
27:02 Lending Markets & Leverage
45:55 Private Markets
54:38 Ads (Geodnet, Bitwise)
56:00 Ads (Mantle,Citrea)
57:36 Overlooked Sectors
01:12:30 Content Recs
—
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed. No, We Have Not Topped | Weekly Roundup](https://i.ytimg.com/vi/n-HRRoTpJUY/mqdefault.jpg)
![Finding Alpha In Crypto, Mamdani Wins & The AI Gold Rush | Weekly Roundup
This week, Pranav Kanade joins the show to discuss the current state of markets. We deep dive into how Pranav finds alpha in crypto, Mamdanis win in NY, have we topped, are L1s overpriced, why the hot money is in AI & more. Enjoy!
Follow Pranav: https://x.com/vaneckpk
Follow Santi: https://x.com/santiagoroel
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
Zcash is encrypted Bitcoin. Your digital bill of rights securing your freedom for the 21st century.
Buy, store and spend ZEC privately using Zashi Wallet download today: https://electriccoin.co/zashi/
Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.
Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates]
00:00 Intro
02:49 The Opportunity For Tokenization
10:27 Mamdani Wins In NY
27:35 Finding Alpha In Crypto
32:05 Ads (Zcash, Katana)
33:17 Are L1s Overpriced?
36:18 Can People Actually Outperform BTC?
45:32 Have We Topped?
49:47 The Hot Money Is In AI
59:08 Ads (Zcash, Katana)
01:00:21 Can Crypto Ever Get To 100m+ Active Users?
01:12:42 Content of The Week
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed. Finding Alpha In Crypto, Mamdani Wins & The AI Gold Rush | Weekly Roundup](https://i.ytimg.com/vi/nndl0glVtBg/mqdefault.jpg)



![The Biggest Winner from Hyperliquid’s USDH | Weekly Roundup
Were back to discuss the top stories of the week. We deep dive into how crypto can redefine private equity, who wins from the battle for USDH, Figures IPO, could DeFi projects go public & more. Enjoy!
Follow Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
Start your day with crypto news, analysis and data from David Canellis.
Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts
Referenced in the show:
A letter from Mike Cagney, Figure’s co-founder and executive chairman - https://www.figure.com/newsroom/company-voices/a-letter-from-mike-cagney-figure-co-founder-and-executive-chairman/
False Claim From Story: “vast majority was bought from founder”
Response:
This is simply not true. The vast majority was acquired from the Foundation in two transactions. First, the Foundation contributed $IP (at a discount) for shares in CASK. Additionally, the cash PIPE proceeds were used to buy tokens at a discount. These two transactions represent most of the total token balance held by CASK. The shareholder ownership for the Foundation and SY individually are all public in the S-1 filing. See page 153-157.
GEODNET is the world’s largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries.
Discover how GEODNET is changing the world: [https://geodnet.com]
Mantle is pioneering Blockchain for Banking as a revolutionary new category that sits at the intersection of TradFi and web3.
Key elements for Mantle as the Blockchain for Banking:
- Transactions posted to the blockchain
- Compatibility with TradFi rails
- Integrated DeFi features
Mantle Network, the access layer — transforms Mantle Network into a purpose-built vertical platform — the blockchain for banking — that enables financial services on-chain. Mantle leads the establishment of Blockchain for Banking as the next frontier.
Follow Mantle on X (@Mantle_Official) for the latest updates on Mantle as the Blockchain for Banking.
Timestamps:
00:00 Introduction
02:50 Inversion Raises $26.5M
10:51 A New Era For Private Equity
25:54 Hyperliquid’s USDH Proposal
47:31 Ad (Mantle, Geodnet)
48:54 The Stablecoin Superbowl: Who Wins?
1:02:08 Takeaways From Figure’s IPO
01:14:45 Could DeFi Projects Go Public?
01:16:37 Content Of The Week
—
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed. The Biggest Winner from Hyperliquid’s USDH | Weekly Roundup](https://i.ytimg.com/vi/pKAcEZx0aww/mqdefault.jpg)
![Ethereum’s Valuation, Saylor’s Next Move, and Prediction Markets | Weekly Roundup
This week, Santi and Rob discuss market volatility, MicroStrategy’s financial health, and Ethereum’s valuation. They also dive into current macro conditions, recent Tether FUD, and prediction markets. Enjoy!
–
Follow Jason: https://x.com/JasonYanowitz
Follow Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Empire: https://twitter.com/theempirepod
—-
Zcash is encrypted Bitcoin. Your digital bill of rights securing your freedom for the 21st century. Buy, store and spend ZEC privately using Zashi Wallet download today: https://electriccoin.co/zashi/
Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.
Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates]
This Empire episode is brought to you by VanEck.
Learn more about the VanEck Onchain Economy ETF (NODE): http://vaneck.com/EmpireNODE
An investment in the Fund involves a substantial risk and is not suitable for all investors. It is possible to lose your entire principal investment. The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly.
Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of
the Commodity Exchange Act (“CEA”).
Investing involves substantial risk and high volatility, including possible loss of principal. Visit vaneck.com to read and consider the prospectus, containing the investment objective, risks, and fees of the fund, carefully before investing.
© Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation.
GEODNET is the world’s largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries.
Discover how GEODNET is changing the world: [https://geodnet.com]
Uniswap’s Trading API offers plug-and-play access to deep onchain and off-chain liquidity, delivering enterprise-grade crypto trading without the complexity - from one of the most trusted teams in DeFi.
Click to get started with seamless, scalable access to Uniswap’s powerful onchain trading infrastructure. https://hub.uniswap.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=ww_web_bw_awa_trading-api_20251117_podcast_clicks
–
[Timestamps]
00:00 Intro
04:40 The L1 Valuation Debate
16:28 Ads (Zcash, Katana)
17:44 The Markets Lack of Liquidity
30:07 Ads (Zcash, Katana)
31:24 Thoughts on Saylor & MicroStrategy
46:25 Ads (VanEck, Geodnet,Uniswap)
48:47 Recent Tether FUD
57:47 Thoughts on Prediction Markets
01:09:18 Kraken Acquires xStocks
01:12:04 Favorite Christmas Movies
—
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed. Ethereum’s Valuation, Saylor’s Next Move, and Prediction Markets | Weekly Roundup](https://i.ytimg.com/vi/pW5thkZnz5c/mqdefault.jpg)
![Inside Coinbase’s $375m Acquisition of Echo | Shan Aggarwal
This week, we’re joined by Coinbase’s Chief Business Officer, Shan Aggarwal, to discuss their acquisition of Echo. We dive into Coinbase’s strategy to bring capital markets onchain, Echo’s role in compliant onchain fundraising, integration of acquired teams, tokenized equities, prediction markets, and Coinbase’s broader goal of becoming an all-encompassing financial platform. Enjoy!
–
Follow Shan: https://x.com/ShanAggarwal
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
Start your day with crypto news, analysis and data from David Canellis.
Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts
—-
Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemons Earn Stack is a non-custodial platform combining high-performance staking rewards and seamless DeFi integration with no intermediate smart contract or vaults.
Programmatically access leading Ethereum & Solana staking rewards, plus DeFi opportunities across lending protocols, DEXs, and AMMs. Book a Demo!
peaq, the Machine Economy Computer, proudly sponsors the Empire podcast.
peaq is home to 60+ apps across 20+ industries and millions of devices, machines, and onchain robots.
It powers the world’s first tokenized robo-farm, launching soon in Hong Kong, and has launched the Machine Economy Free Zone in Dubai as a Web3 x Robotics x AI innovation hub.
For more about peaq, check out www.peaq.xyz
Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.
Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates]
Mantle is pioneering Blockchain for Banking as a revolutionary new category that sits at the intersection of TradFi and web3.
Key elements for Mantle as the Blockchain for Banking:
- Transactions posted to the blockchain
- Compatibility with TradFi rails
- Integrated DeFi features
Mantle Network, the access layer — transforms Mantle Network into a purpose-built vertical platform — the blockchain for banking — that enables financial services on-chain. Mantle leads the establishment of Blockchain for Banking as the next frontier.
Follow Mantle on X (@Mantle_Official) for the latest updates on Mantle as the Blockchain for Banking.
Timestamps:
00:00 Introduction
01:18 Shans Background
05:42 Acquiring Echo
15:49 Ads (Blockdaemon, Peaq)
17:01 Coinbases End Goal
21:19 Coinbase Listings
25:02 Coinbase Ventures
29:30 Ads (Blockdaemon, Peaq)
30:42 Advice for Founders
33:08 The Acquisition Process
41:27 Ads (Katana, Mantle)
43:04 Thoughts on Predictions Markets
57:56 Do Cycles Still Exist?
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed. Inside Coinbase’s $375m Acquisition of Echo | Shan Aggarwal](https://i.ytimg.com/vi/r11_UZnMRiU/mqdefault.jpg)