Uploaded May 2026 | Updated September 2026, 2 days ago
This week, we’re back with another weekly roundup to discuss why everyone in crypto feels so bearish. We then dive deep into whether stablecoins significantly improve payment rails, Robinhood’s AI agent announcement, Rob’s takeaways from a trip to D.C., MicroStrategy and RoboStrategy NAV premiums and more. Enjoy!
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Follow Jason: https://x.com/JasonYanowitz
Follow Santi: https://x.com/santiagoroel
Follow Rob: https://x.com/HadickM
Follow Empire: https://x.com/theempirepod
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Timestamps:
00:00 Introduction
00:50 Why’s The Timeline So Bearish?
22:12 Robinhood Launches AI Agents
32:23 Morpho Midnight
44:27 Is DeFi Uninvestable?
49:15 Takeaways From DC
54:14 Microstrategy & Robostrategy NAV Premiums
58:22 Content of The Week
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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, we’re back with another weekly roundup to discuss why everyone in crypto feels so bearish. We then dive deep into whether stablecoins significantly improve payment rails, Robinhood’s AI agent announcement, Rob’s takeaways from a trip to D.C., MicroStrategy and RoboStrategy NAV premiums and more. Enjoy!
--
Follow Jason: https://x.com/JasonYanowitz
Follow Santi: https://x.com/santiagoroel
Follow Rob: https://x.com/HadickM
Follow Empire: https://x.com/theempirepod
--
Timestamps:
00:00 Introduction
00:50 Why’s The Timeline So Bearish?
22:12 Robinhood Launches AI Agents
32:23 Morpho Midnight
44:27 Is DeFi Uninvestable?
49:15 Takeaways From DC
54:14 Microstrategy & Robostrategy NAV Premiums
58:22 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, Rob and our guests may hold positions in the companies, funds, or projects discussed.
![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
Follow Seth: https://x.com/sethginns
Follow Cosmo: https://x.com/cosmo_jiang
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]
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)
![Charles Hoskinson: ADA Is A Better Investment Than BTC
Gm! This week, Charles Hoskinson joins Yano to dive into everything Cardano, weigh in on crypto’s overall progress, how politics and crypto are playing out stateside, the impact of crypto treasury vehicles, the evolution of the 4 year cycle, his ranch life in Wyoming, his alien expedition adventures, the need for personal security now in crypto and why ADA remains a better investment than BTC.
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 Charles: https://x.com/IOHK_Charles
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
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 Introduction
01:42 What’s Charles Up To?
04:51 Crypto’s Progress
08:55 Ads (Skale & Katana)
10:42 Charles’ Building Principles
24:01 Ads (Skale & Katana)
25:48 Crypto & US Politics
36:14 Crypto Treasury Vehicles
43:24 Cardano Founder Story
51:08 Ranches & Helicopters
55:43 Ads (Mantle & LEDN)
57:35 Bison In Wyoming
59:02 Alien Research Expeditions
01:05:28 Mo Money Mo Problems
01:09:18 The 4 Year Cycle Has Evolved
01:13:59 Alternative Health Solutions
01:18:54 EUTXO.org
01:23:25 Who goes to Osaka?
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. Charles Hoskinson: ADA Is A Better Investment Than BTC](https://i.ytimg.com/vi/T2b9uzCpnAE/mqdefault.jpg)




