In this episode, Yano and Santi unpack 16z’s stance on the decline of crypto foundations, Pump.fun’s $1B raise, Robinhood’s growing crypto footprint, Circle’s upcoming IPO, and question Coinbase’s (COIN) evolving role in the ecosystem.

--

Timestamps:

(00:00) Intro

(01:35) Beware Of Fake Empire Scams

(05:10) Circle IPO (20X Oversubscribed)

(15:18) Ads (Geodnet, Marinade)

(16:52) HOOD, COIN or CRCL?

(24:51) Ads (Geodnet, Marinade)

(26:25) PumpDotFun $1B Raise Explored

(42:05) Ads (Ledger, Aptos, Citrea)

(44:18) Trump Wallet Real or Not?

(45:49) Trump Family Too Involved In Crypto?

(48:32) Global Remittances With StableCoins

(53:44) MoonPay Gets NY BitLicense

(56:47) Crypto Infinite Money Glitch?

(01:01:49) DeFiSaver

—

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.

Gm and Happy Monday! This week, Dan Smith, a Lead Blockworks Researcher and Jonah Weinstein, a Portfolio Manager of SkyCatcher, join Jason to dive into the timely conversation about which metric is better/best to evaluate L1 tokens – REV or RSOV?

Start your day with the Empire newsletter by Katherine Ross: 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

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

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

--

Marinade Labs develops staking technologies that strengthen Solana.In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague.

To learn more about Marinade, visit https://www.marinade.finance.

--

Focal by FalconX: AI-powered insights engine built for institutional crypto. Does the work of a team of analysts—instantly. Create charts and answers questions on demand. Already used by 80+ funds managing $10B+ in AUM.

Learn more at https://www.askfocal.com
--

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

02:31 - Why Do We Need Better Valuation Frameworks?

05:00 - What’s Wrong With The Metrics Today?

08:07 - What’s The Proper Reference Point To Understand Value?

09:33 - Are L1 Tokens Money?

11:10 - Ads (Skale Marinade)

12:48 - Is A L1 Token A Commodity Or Company?

19:32 - Why RSOV Valuation Is So Important

23:48 - Ads (Skale Marinade)

29:07 - Valuation Litmus Test

31:38 - RSOV & Capital Inflows

35:31 - Validators Get Paid In Native Currency

37:53 - What’s REV?

42:58 - RSOV’s Valuation Mechanism

44:43 - Where RSOV and REV differ

47:27 - If Native Assets 10X, Do The Hotspots?

49:05 - Ads (Falcon x, LEDN)

50:52 - Monetary L1 Premium Factor In?

52:56 - Fiat Currency Crisis Accelerate Non Govt Adoption

55:36 - RSOV vs REV Valuation Trends Over Time

01:00:49 - How Does Staking / DeFi Deposits Impact Valuation?

01:02:47 - PE Values In RSOV

01:05:25 - Audience Question From Telegram

01:12:19 - Dan’s Updated Views of RSOV

—

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.

This week, the Hivemind team discuss MicroStrategy & the boom in crypto treasury plays, stabelcoins & the launch of Plasma, and the Sui hack’s implications for security vs centralization. We also dig into Solana's new consensus model, quantum computing, and more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire 

--

Follow Ceteris: https://x.com/ceterispar1bus 

Follow Jose: https://x.com/ZeMariaMacedo 

Follow Yan: https://x.com/YanLiberman 

Follow Duncan: https://x.com/FloodCapital 

Follow Empire: https://x.com/theempirepod 

Subscribe on YouTube: https://bit.ly/4jYEkBx 

Subscribe on Apple: https://bit.ly/3ECSmJ3 

Subscribe on Spotify: https://bit.ly/4hzy9lH 

--

Join us at Permissionless IV June 24th - 26th. Use code EMPIRE10 for 10% OFF! https://blockworks.co/event/permissionless-iv  

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ 

Believe Screener: https://www.believescreener.com/ 

--

Timestamps:

(0:00) Introduction

(2:27) MSTR & Crypto Treasury Companies

(20:08) Stablecoins & Plasma Launch

(36:36) Sui Hack & Security vs Centralization

(54:52) Solana’s New Consensus

(1:00:23) Hyperliquid

(1:05:00) Quantum Computing Threat

(1:07:25) Final Thoughts

--

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, the Hivemind team, and our guests may hold positions in the companies, funds, or projects discussed.

On this week's RoundUp, Yano and Santi dive into the latest crypto market dynamics!
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

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

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

--

Marinade Labs develops staking technologies that strengthen Solana.In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague.

To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER device and secure your crypto today.

Buy now at www.Ledger.com

--

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 ledn.io to learn more.
--

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

Chapters:

(00:00 Intro

(02:20) Beware Of Fake Empire Scams

(03:39)PMLS Tickets Are Selling Quick

(07:57) Public Crypto Vehicles

(11:24) Who's Buying PCVs?

(13:09) Ads (Skale, Marinade)

(14:47) Copying Strategy/Saylor

(16:14) Trump Media & GME To Buy BTC

(17:16) Who's Outperforming Right Now?

(21:47) Token Them = OG Founders

(24:14) Ondo Finance

(25:28) Survive To Win

(27:19) Best Tweet Of The Week

(28:17) Leverage & Perp Trading

(30:54) Ads (Skale, Marinade)

(32:32) Bitcoin Conference Notable Quotes

(34:09) Private Equity vs Venture

(39:39) XPL Token Tweet

(44:56) Ads (Ledger, , LEDN, Bitwise)

(47:27) Imminent Circle IPO

(56:01) Content Recommendations

(57:44) Inversion Is Hiring

—

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.

Gm! This week we're joined by Tyler Evans & Josh Solesbury to discuss the Bitcoin treasury playbook. We deep dive into Michael's Saylor's Bitcoin strategy, NAV/premium, how to structure a treasury company, is this a BTC only strategy or do other assets work as well & more. Enjoy!

--

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 Tyler: https://x.com/tylev

Follow Josh: https://x.com/joshsolesbury

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

ZKsync is the pioneering zero-knowledge technology powering the next generation of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync enables an elastic, ever-expanding network of customizable chains.

Deeply rooted in its mission to advance personal freedom for all, the ZKsync technology makes digital self-ownership universally available.

To learn more about ZKsync, visit http://www.zksync.io

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Crypto never sleeps. So we built an Al analyst that never blinks.
Meet Focal by FalconX: a GenAI insights engine built for institutional crypto. Already used by 80+ funds managing $10B+ in AUM.
🔹 Screen, chart, and analyze 1300+ tokens
🔹 Summarize market-moving news instantly
🔹 Integrates data from CoinGecko, Kaito, Token Terminal, Tokenomist, The Tie
Get started today: https://askfocal.com

--

Timestamps:

(00:00) Intro

(02:00) The Microstrategy Playbook

(14:05) Ads (ZKSync, Marinade)

(16:02) Does Narrative Matter For This Strategy?

(19:33) NAV/Premium

(23:15) What Assets Are Good For This Strategy?

(27:51) Ads (ZKSync, Marinade)

(29:48) How To Structure A Bitcoin Treasury Company

(40:23) What Are The Risks To This Strategy?

(47:31) Ads (Falcon x)

(48:26) The Treasury Strategy On POS vs POW Assets

(56:49) Will All Public Companies Own Bitcoin?

(01:01:54) Final Thoughts

—

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.

Gm! Unfortunately no roundup this week as Yano & Santi are travelling. Instead we're bringing you this episode of Bell Curve with Tomasz Stańczak, Co-Executive Director at the Ethereum Foundation, to discuss Ethereum’s evolving culture, and product focus.

We also dive into Ethereum’s DeFi and RWA dominance, scaling the L1, real-time proving breakthroughs, and Ethereum’s long-term vision.Thanks for tuning in!

--

Resources

Real-Time Ethereum Proving is here: https://x.com/SuccinctLabs/status/1924845712921264562

Justin Drake on Real-Time Proving: https://x.com/SuccinctLabs/status/1925306484281553262

--

Follow Tomasz: https://x.com/tkstanczak

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/4mqh9kK

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

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

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER device and secure your crypto today.

Buy now at www.Ledger.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

--

Timestamps

(0:00) Introduction

(2:23) Getting Started at the Ethereum Foundation

(6:29) Culture of the Ethereum Foundation

(13:43) Ads (Skale, Marinade)

(15:15) Should Ethereum Mimic Bitcoin?

(34:26) Ads (Skale, Marinade)

(35:58) Ethereum's Lead in DeFi and RWAs

(43:30) Real-Time Proving

(52:11) Ads (Ledger, Bitwise)

(53:44) Scaling the L1

(55:32) The Fusaka Upgrade

(58:30) Will Circle Be Acquired?

(1:06:04) What is Tomasz Excited About?

—

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.

Timestamps:

(00:00) Intro

(01:50) What Went Wrong With Ethereum?

(04:34) The Ethereum L2 Roadmap

(07:36) Does Ethereum Have Product Market Fit?

(10:47) Ethereum’s Big Pivot

(15:12) Ads (ZKSync, Zenrock)

(16:51) Should Blockspace Be Taxed?

(19:16) Ethereum's Next Chapter

(24:56) The Role Of Etherealize

(27:19) Ads (ZKSync, Zenrock)

(28:58) Does Scaling The L1 Benefit L2s?

(39:39) How To Attract Builders To Ethereum

(41:47) Ads (Falcon x,Arweave)

(43:23) Should We Tariff The L2s?

(48:36) How To Value L1s

(53:51) The Bull Case For ETH

(01:01:00) Should L2 Tokens Exist?

(01:06:03) Final Thoughts

—

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.

Gm! This week we're back with another weekly roundup. We discuss the state of the market, what to own this cycle, has BTC dominance topped, why you need to pay attention to crypto M&A in 2025 & much more. Enjoy!

--

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

Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

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

--

Marinade Labs develops staking technologies that strengthen Solana.

In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the SOL market. We have solutions for both DeFi and TradFi, including liquid and native staking, as well as direct enterprise integrations.

Our best-in-market features include user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit marinade.finance.

--

Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER device and secure your crypto today.

Buy now at www.Ledger.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

--

Timestamps:

(00:00) Intro

(03:08) Ethereum: The Asset vs Network

(07:44) State Of The Market

(14:58) Ads (Skale, Marinade)

(16:31) What To Own This Cycle

(21:28 )Has BTC Dominance Topped?

(24:02) Anchorage Digital Acquires Mountain Protocol

(27:05) Pay Attention To Crypto M&A In 2025

(34:03) Ads (Skale, Marinade)

(35:35) How Should Companies Allocate Capital In Crypto?

(48:56) Ads (Ledger, Bitwise)

(50:29) eToro IPOs & Coinbase Joins The S&P 500

(57:25) Talent Is Leaving TradFi For Crypto

(58:57) Gaming Isn't Dead

(01:01:11) 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.

This week, the Hivemind team discuss ETH's sudden outperformance and whether it's driven by genuine flows or just positioning, Solana's strength as the launchpad for "Internet Capital Markets," and the evolving narratives around RWA tokens, L1 rotation, and meme coin mania. They also touch on Celestia’s roadmap struggles, the logic behind tokenized equity fundraising, and Worldcoin. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire

--

Follow Ceteris: https://x.com/ceterispar1bus

Follow Jose: https://x.com/ZeMariaMacedo

Follow Yan: https://x.com/YanLiberman

Follow Jason: https://x.com/3xliquidated

Follow Empire: https://x.com/theempirepod

Subscribe on YouTube: https://bit.ly/4jYEkBx

Subscribe on Apple: https://bit.ly/3ECSmJ3

Subscribe on Spotify: https://bit.ly/4hzy9lH

--

Join us at Permissionless IV June 24th - 26th. Use code EMPIRE10 for 10% OFF! https://blockworks.co/event/permissionless-iv

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Believe Screener: https://www.believescreener.com/

--

Timestamps:

(0:00) Cold Opening

(2:59) Introduction

(5:37) ETH Pump & Future

(13:51) Slightly Cautious

(19:17) Time to Derisk?

(24:34) What We’re Excited About

(29:11) Solana & Internet Capital Markets

(38:04) Celestia Fundamentals

(42:18) Hype & RWAs

(45:38) Market Opportunities

(49:27) Believe & ICM Launchpad

(57:56) Worldcoin Pitch

(1:03:50) Final Thoughts

--

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, the Hivemind team, and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're joined by Christine Moy, Carlos Domingo & Tarun Chitra to discuss the launch of crypto largest onchain credit fund. We deep dive into what is private credit, the future of tokenization, onchain vs tradfi risk management, finding product market fit & more. Enjoy!

--

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 Christine: https://x.com/cmoyall

Follow Tarun: https://x.com/tarunchitra

Follow Carlos: https://x.com/carlosdomingo

Follow Jason: https://x.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Grab your tickets to Permissionless IV. Use code EMPIRE10 for 10% off: https://blockworks.co/event/permissionless-iv

--

ZKsync is the pioneering zero-knowledge technology powering the next generation of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync enables an elastic, ever-expanding network of customizable chains.

Deeply rooted in its mission to advance personal freedom for all, the ZKsync technology makes digital self-ownership universally available.

To learn more about ZKsync, visit http://www.zksync.io

--

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 will be live in April 2025.

--

Crypto never sleeps. So we built an Al analyst that never blinks.

Meet Focal by FalconX: a GenAI insights engine built for institutional crypto. Already used by 80+ funds managing $10B+ in AUM.

:small_blue_diamond: Screen, chart, and analyze 1300+ tokens

:small_blue_diamond: Summarize market-moving news instantly

:small_blue_diamond: Integrates data from CoinGecko, Kaito, Token Terminal, Tokenomist, The Tie

Get started today: https://askfocal.com

--

AO Mainnet is LIVE! Experience the future of decentralized computing: infinite parallel processing, secure TEE-powered computations, and LLMs in smart contracts. Built on Arweave, AO's modular design shatters scalability limits. 100% of tokens are distributed to Arweave holders and bridge depositors, with a fixed supply and halving. Explore AO today: https://ao.arweave.dev

--

Token.com is a social-first crypto platform transforming how people discover and trade through crypto content. The revolutionary in-feed trading turns complex crypto into intuitive investments, while content creators earn from every trade and projects amplify their stories through native tokens - creating a new era of social media-powered crypto discovery. Just scroll to watch and tap to invest. Download the app!

--

Timestamps:

(00:00) Intro

(02:02) What Is Private Credit?

(06:32) The ACRED Levered RWA Strategy

(09:29) How To Bring TradFi Onchain?

(20:51) Ads (ZKSync, Zenrock)

(22:30) How Does the Levered RWA Strategy Function?

(32:14) A New Era For Tokenization

(36:32) Ads (ZKSync, Zenrock)

(38:11) Onchain vs TradFi Risk Management

(42:47) How To Avoid Leverage Unwinds

(49:36) Ads (Falcon x,Arweave, Token.com)

(51:50) Finding Product Market Fit

(01:04:57) The Future Of Tokenization

—

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.