Uploaded May 2026 | Updated September 2026, 2 days ago
This week, Stani Kulechov & Mike Silagadze join the show to discuss the aftermath of the KelpDAO exploit. We deep dive into why this hack could have potentially killed DeFi, launching the DeFi United fund, how to mitigate against future hacks, why DeFi tokens are uninvestable and more .Enjoy!
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Follow Stani: https://x.com/StaniKulechov
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This episode is brought to you by Fidelity Crypto. Learn more at Fidelity.com/crypto
Fidelity Crypto was built in-house with over a dozen years of crypto experience. So you can trade crypto and stocks in one place at Fidelity, backed by industry-leading security. Fidelity Crypto. We're here to help you feel good about investing in crypto.
Crypto is offered by Fidelity Digital Assets, NA, is not insured by FDIC or SIPC and includes risk of complete loss. Securities offered by Fidelity Brokerage Services, LLC. Member NYSE, SIPC.
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Timestamps:
00:00 Introduction
04:08 How The KelpDAO Exploit Could Have Killed DeFi
14:13 Fidelity Crypto Ad
14:48 Launching DeFi United
30:12 Fidelity Crypto Ad
30:52 The Future of Aave & EtherFi
39:00 DeFi’s Speculative Premium
43:00 How To Prevent DeFi Hacks?
53:00 Why DeFi Tokens Are Uninvestable
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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, Rob and our guests may hold positions in the companies, funds, or projects discussed.
This week, Stani Kulechov & Mike Silagadze join the show to discuss the aftermath of the KelpDAO exploit. We deep dive into why this hack could have potentially killed DeFi, launching the DeFi United fund, how to mitigate against future hacks, why DeFi tokens are uninvestable and more .Enjoy!
--
Follow Stani: https://x.com/StaniKulechov
Follow Mike: https://x.com/MikeSilagadze
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://x.com/theempirepod
--
This episode is brought to you by Fidelity Crypto. Learn more at Fidelity.com/crypto
Fidelity Crypto was built in-house with over a dozen years of crypto experience. So you can trade crypto and stocks in one place at Fidelity, backed by industry-leading security. Fidelity Crypto. We're here to help you feel good about investing in crypto.
Crypto is offered by Fidelity Digital Assets, NA, is not insured by FDIC or SIPC and includes risk of complete loss. Securities offered by Fidelity Brokerage Services, LLC. Member NYSE, SIPC.
--
Timestamps:
00:00 Introduction
04:08 How The KelpDAO Exploit Could Have Killed DeFi
14:13 Fidelity Crypto Ad
14:48 Launching DeFi United
30:12 Fidelity Crypto Ad
30:52 The Future of Aave & EtherFi
39:00 DeFi’s Speculative Premium
43:00 How To Prevent DeFi Hacks?
53:00 Why DeFi Tokens Are Uninvestable
--
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, Rob and our guests may hold positions in the companies, funds, or projects discussed.


![Nearing The DAT Peak | Weekly Roundup
Happy Friday! On this Roundup, Rob is officially announced as the third host, Avichal Garg joins the pod to discuss DATs, and beyond exploringnDATs, the White House Crypto Report is explored, Zora creator tokens, and the BIG news of the collaboration between Coinbase and Chase to push crypto into mass adoption orbit.
Start your day with crypto news, analysis and data from Katherine Ross.
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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
02:14 DATs Explored
19:37 Ads (Geodnet, Bitwise)
21:11 ETHZilla
30:32 DAT KPIs
36:15 Ads (Geodnet, Bitwise)
37:49 DAT FUD
51:15 Ads (Mantle,Citrea)
52:54 Native Token or DAT
01:00:06 White House Crypto Report
01:07:29 Coinbase X Chase
01:11:17 Zora + Creator Tokens
01:19:21 Content Recs
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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. Nearing The DAT Peak | Weekly Roundup](https://i.ytimg.com/vi/PaVPrpVcVbE/mqdefault.jpg)



![What Liquid Funds Are Buying
Gm! This week, Seth Ginns, from CoinFund, and Cosmo Jian, of Pantera Capital, join Yano to dive into the funds’ mandates, the overall outlook of the market, whether narratives or fundamentals drive price, how DATs play a role in the investor ecosystem and why sometimes non-consensus trades pay off!
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
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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]
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.
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Chapters:
00:00 Intro
02:34 Liquid Funds
05:35 CoinFund’s Mandate
06:40 Pantera Capital’s Mandate
15:22 Portfolio Construction
20:17 Ads (Skale, Katana)
21:48 Token Picking Strategy
29:20 Narrative Driven Markets
35:42 Acquiring, Trading & Selling Tokens
50:25 Ads (Skale, Katana)
51:56 Investor Relations Advice For Founders
55:03 DATs Explored
01:12:29 Ads (LEDN)
01:13:39 Convergence
01:17:58 What Sectors Benefit Most From DATs
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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. What Liquid Funds Are Buying](https://i.ytimg.com/vi/QX6jxGQlM-w/mqdefault.jpg)



![How to Build Through Bull & Bear Markets | Permissionless IV Fireside Chat | Bonus Episode
This week, were excited to share with our community a bonus episode from PERMISSIONLESS IV, which just took place this past week in Brooklyn, NY. This is a Fireside Chat with Yano and Konstantin Richter of Blockdaemon and it brings all the alpha for builders and investors in the space!
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 Konstantin - https://x.com/konstantin11
Follow Jason - https://x.com/jasonyanowitz
Follow Empire: https://twitter.com/theempirepod
Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
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]
CHAPTERS
00:25 - Intro
01:00 - Operating In Crypto Throughout The Years
02:50 - Navigating Narratives
05:09 - Blockdaemons Business Model
08:49 - Balancing Where Industry Is Today VS Tomorrow
12:49 - IPO Strategies For Blockdaemon
17:35 - Institutional Outlook Over Next 12 Months
21:20 - US As Crypto World Leader
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 to Build Through Bull & Bear Markets | Permissionless IV Fireside Chat | Bonus Episode](https://i.ytimg.com/vi/SgkQUQPVR9A/mqdefault.jpg)