Uploaded August 2026 | Updated September 2026, 2 days ago
What separates lasting winners from everyone chasing the next trend?
This week, we dig into why specialization may be the biggest edge in venture investing as crypto, AI, and traditional finance increasingly converge.
We discuss venture mandates, stablecoin competition, Circle's earnings, Cloudflare's agent wallets, and why reputation compounds faster than capital. Enjoy!
TIMESTAMPS:
00:00 Intro
04:05 Crypto Venture Expands Beyond Crypto
09:20 Can Crypto Funds Go Generalist?
16:06 The Hidden Cost Of Dilution
22:43 Crypto Venture Enters Hard Mode
28:39 Ads (Peaq)
29:25 Cloudflare Bets On Agent Wallets
41:04 Is Circle Stock Mispriced?
53:04 Western Union Goes Onchain
01:02:13 Watches And Content Picks
01:09:01 Amazon Discovery Rewrites History
01:11:29 DAS Asia And London Preview
Robots will soon outnumber humans onchain. peaqOS turns them into a new trusted liquid asset class, with yield tied to real-world workloads. It gives robots all they need to do business on any chain — and lets humans earn from automation.
Explore the Machine Economy: https://peaq.xyz
FOLLOW THE SHOW
› Empire – https://x.com/theempirepod
› Jason – https://x.com/jasonyanowitz
› Santi – https://x.com/santiagoroel
› Rob – https://x.com/HadickM
› 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 separates lasting winners from everyone chasing the next trend?
This week, we dig into why specialization may be the biggest edge in venture investing as crypto, AI, and traditional finance increasingly converge.
We discuss venture mandates, stablecoin competition, Circle's earnings, Cloudflare's agent wallets, and why reputation compounds faster than capital. Enjoy!
TIMESTAMPS:
00:00 Intro
04:05 Crypto Venture Expands Beyond Crypto
09:20 Can Crypto Funds Go Generalist?
16:06 The Hidden Cost Of Dilution
22:43 Crypto Venture Enters Hard Mode
28:39 Ads (Peaq)
29:25 Cloudflare Bets On Agent Wallets
41:04 Is Circle Stock Mispriced?
53:04 Western Union Goes Onchain
01:02:13 Watches And Content Picks
01:09:01 Amazon Discovery Rewrites History
01:11:29 DAS Asia And London Preview
Robots will soon outnumber humans onchain. peaqOS turns them into a new trusted liquid asset class, with yield tied to real-world workloads. It gives robots all they need to do business on any chain — and lets humans earn from automation.
Explore the Machine Economy: https://peaq.xyz
FOLLOW THE SHOW
› Empire – https://x.com/theempirepod
› Jason – https://x.com/jasonyanowitz
› Santi – https://x.com/santiagoroel
› Rob – https://x.com/HadickM
› 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.

![Winners & Losers From PUMP’S ICO With Santi & Rob Hadick | Weekly Roundup
Happy Friday! On this roundup, Rob Hadick joins Santi and Yano again this week to discuss PUMP’S ICO, the future of creator driven revenue online, drama at Polymarket, where the best builders are today in the industry and how Agora is elevating stablecoins!
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 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
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 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.
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
03:07 Pump ICO
12:52 Ads (Geodnet, Bitwise)
14:29 Creator Strategy
23:55 Pump’s Revenue Clarity
26:31 Solana’s Future
29:40 Where Are The Best Builders?
35:45 Ads (Geodnet, Bitwise)
37:22 Acquisitions
48:24 Ads (Mantle, Zenrock, ,Citrea)
50:42 Zelensky Suit Polymarket Drama
01:00:27 Agora
—
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. Winners & Losers From PUMP’S ICO With Santi & Rob Hadick | Weekly Roundup](https://i.ytimg.com/vi/Ia3w8NVBZn0/mqdefault.jpg)
![Macro Updates, Industry Narratives & Big Tech Coming For Crypto | PERMISSIONLESS IV Recap Bonus Ep.
This week, were excited to share with our community a bonus episode which recaps PERMISSIONLESS IV, which just took place this past week in Brooklyn, NY. While Santi and Jason are not in this episode, the episode does feature some of the biggest names in the Blockworks podcast family and we hope you enjoy all the alpha!
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 Boccaccio: https://x.com/salveboccaccio
Follow Danny: https://x.com/defi_kay_
Follow Rizzo: https://x.com/pete_rizzo_
Follow Felix: https://x.com/fejau_inc
Follow Jack: https://x.com/whosknave
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]
Ledger, the global leader in digital asset security, proudly sponsors Expansion! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.
Buy now on https://shop.ledger.com/?r=1da180a5de00.
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
01:21 Permissionless IV Takeaways
07:21 Big Industry Narrartives & Themes
12:24 Ads (Katana)
13:28 Stablecoins’ Future
19:05 Macro Outlook
22:08 Ads (Katana)
23:12 Big Tech Overloads
31:03 Predictions We Made That Were Wrong
—
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. Macro Updates, Industry Narratives & Big Tech Coming For Crypto | PERMISSIONLESS IV Recap Bonus Ep.](https://i.ytimg.com/vi/IgqYQgi2s0A/mqdefault.jpg)

![The Bull Market Confirmed | Weekly Roundup
Happy Friday, Yano and Santi are back for another roundup and we can officially say the bull market is back. From M&A, Pump’s ICO, and Santi and Yano’s market takes, this roundup dives deep into how to think about navigating in the 4th stage of the cycle!
Article Yano referenced - https://oldcoinbad.com/p/long-degeneracy
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 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.
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.
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:
02:25 Market Update
06:07 Stage 4 Of The Cycle
12:48 Ads (Geodnet, Bitwise)
14:25 Bitcoin & Ethereum
23:50 Pump’s ICO
32:24 Ads (Geodnet, Bitwise)
34:00 Crypto Bull Market
55:07 Ads (Mantle, Zenrock, ,Citrea)
57:20 M&A Updates
01:05:48 LQR House
01:08:15 Weekly 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. The Bull Market Confirmed | Weekly Roundup](https://i.ytimg.com/vi/K009oxS0qL0/mqdefault.jpg)

![The Ether Machine Chairman: Real Risk of DATs, Who Wins From Stripe & Circle’s Chains | Roundup
0For this week’s roundup, Andrew Keys, from The Ether Machine, joins Yano, Santi and Rob to dive into the unique value prop that The Ether Machine offers investors, his thoughts on the overall DAT landscape and how DATs, outside of BTC and ETH, are likely too far down the risk curve. They also discuss the rise and proliferation of private L1s like Stripe’s and Circle’s and explore who the winners and losers will be of these new projects.
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 Andrew: https://x.com/AK_EtherMachine
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
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 Introduction
02:06 Andrew Keys’ Background
03:24 Why ETH Not BTC
15:14 Why DATs
24:44 Ads (Geodnet, Bitwise)
26:21 Has The Vision Been Co-opted?
35:57 DAT Rollups + M&As
38:59 DATs Beyond BTC + ETH
43:03 Ads (Geodnet, Bitwise)
44:40 ETFs Are Flawed
50:34 Other Worthwhile Ecosystems
54:58 L1 Private Chain Launches
1:06:25 Ads (Mantle, Citrea)
1:08:04 Stripe’s L1 + Paradigm
1:13:32 Weekly 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. The Ether Machine Chairman: Real Risk of DATs, Who Wins From Stripe & Circle’s Chains | Roundup](https://i.ytimg.com/vi/KHGEZf0TnzY/mqdefault.jpg)

![It’s A Bull Market But Not The One You Wanted With Rob Hadick & Santiago Santos | Weekly Roundup
Happy 4th of July to our stateside followers! On this episode, Rob Hadick joins Santi to review the biggest news of the week focusing in on stablecoins, Circle IPO butterfly effects, robinhood’s arbitrum tokenization announcement at Cannes at ECC, 12 month outlook and the biggest opportunities today in crypto.
Robs Stablecoin Article - https://x.com/HadickM/status/1934680037795705133
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 Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
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
Ledger, the global leader in digital asset security, proudly sponsors Expansion! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.
Buy now on https://shop.ledger.com/?r=1da180a5de00.
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
02:08 Stablecoin Sentiment & Insights
22:40 Ads (Geodnet, Bitwise)
24:16 Evolution of LPs
27:02 Robinhood At ECC
42:14 Ads (Geodnet, Bitwise)
43:51 Mirror Tokens Explained
47:32 Talking About Crypto With TradFi
59:56 Ads (Ledger, Citrea)
01:01:27 2025 Exceeds Expectations
01:03:18 12 Month Outlook
01:08:59 BIG Opportunities In Crypto
—
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. It’s A Bull Market But Not The One You Wanted With Rob Hadick & Santiago Santos | Weekly Roundup](https://i.ytimg.com/vi/Kis7dFabcNk/mqdefault.jpg)

