This week Dan Morehead joins. the show to discuss the current state of markets & what's next throughout 2025 into 2026. We deep dive into how Dan built conviction in crypto as an asset class back in 2013, does the four year cycle still exist, crypto treasury vehicles, Dan's Solana thesis & more. Enjoy!
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Follow Dan: https://x.com/dan_pantera
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
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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
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Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemon's 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!
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Welcome to Get Real — Web3’s first-ever campaign rewarding you for creating real-world value. Connect your devices to real-world apps on peaq and earn rewards for:
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Total prize pool: 5% of $PEAQ’s initial supply. Get Real is relaunching soon — follow peaq on X and get ready.
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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'.
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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]
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Timestamps:
(00:00) Introduction
(02:44) Buying Bitcoin In The Early Days
(07:11) Dan's Macro Outlook In 2025
(17:14) Ads (Blockdaemon, Peaq)
(18:44) Does The Four Year Cycle Still Exist?
(27:39) Phase II of The Bull Market
(29:49) The Crypto IPO Window Is Open
(32:44) Ads (Blockdaemon, Peaq)
(34:13) Crypto Treasury Vehicles
(40:30) The Solana Thesis: Why Pantera Owns $1bn+ Solana
(42:45) Are Institutions Still Underallocated To Crypto?
(46:33) Ads (Manttle, Goednet)
(47:59) Launching Crypto's Longest Running Fund
(55:07) Advice For Founders
(57:50) Crypto's Biggest Opportunity In The Next 5 Years
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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.
This week we're back to discuss the top stories of the week. We deep dive into the state of markets, Tether looking to raise $20B at a $500B valuation, Aster vs Hyperliquid, crypto IPOs in 2025-26 & more. Enjoy!
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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
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Ansem's outlook on markets: https://x.com/blknoiz06/status/1970107553079079341
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Crypto’s premiere institutional conference returns to London in October 2025. Use code EMPIRE100 for 100 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london
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Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemon's 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!
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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
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Timestamps:
(00:00) Introduction
(02:32) Are Markets A Little Too Frothy?
(06:43) The Stablecoin Thesis
(10:43) Takeaways From The Origin Summit
(13:53) Ansem’s Outlook On Markets
(22:49) Tether Raising $20B at $500B Valuation
(26:26) Ads (Blockdaemon, Peaq)
(27:26) Aster vs Hyperliquid
(39:23) BitGo Files Their S-1
(50:28) Ads (Blockdaemon, Peaq)
(51:36) Crypto IPOs In 2026
(55:02) Cloudflare Issuing A Stablecoin
(59:06) Zerohash Raises $100M At $1B Valuation
(01:01:48) 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, and our guests may hold positions in the companies, funds, or projects discussed.
