This week, we're back to discuss the top stories of the week. We deep dive into Klarna's stablecoin launch, the state of crypto VC, Hyperliquid's launch of equity perps & more. Enjoy!
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Follow Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Empire: https://twitter.com/theempirepod
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Referenced In The Show:
Jeff Yass - https://www.youtube.com/watch?v=qU9N75Fe1yU
Part 1: My Life Is a Lie - https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie?publication_id=1272022&post_id=179492574&isFreemail=false&r=5205r&triedRedirect=true
Competition is for Losers with Peter Thiel - https://www.youtube.com/watch?v=3Fx5Q8xGU8k
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Zcash is encrypted Bitcoin. Your digital bill of rights securing your freedom for the 21st century. Buy, store and spend ZEC privately using Zashi Wallet download today: https://electriccoin.co/zashi/
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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]
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This Empire episode is brought to you by VanEck.
Learn more about the VanEck Onchain Economy ETF (NODE): http://vaneck.com/EmpireNODE
An investment in the Fund involves a substantial risk and is not suitable for all investors. It is possible to lose your entire principal investment. The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly.
Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of
the Commodity Exchange Act (“CEA”).
Investing involves substantial risk and high volatility, including possible loss of principal. Visit vaneck.com to read and consider the prospectus, containing the investment objective, risks, and fees of the fund, carefully before investing.
Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation.
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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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Uniswap’s Trading API offers plug-and-play access to deep onchain and off-chain liquidity, delivering enterprise-grade crypto trading without the complexity - from one of the most trusted teams in DeFi.
Click to get started with seamless, scalable access to Uniswap’s powerful onchain trading infrastructure. https://hub.uniswap.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=ww_web_bw_awa_trading-api_20251117_podcast_clicks
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(00:00) Intro
(07:14) Klarna Launches KlarnaUSD
(17:25) Ads (Zcash, Katana)
(41:12) The State of Crypto VC
(44:16) Ads (Zcash, Katana)
(45:32) The Prediction Market Wars
(57:28) Ads (VanEck, Uniswap)
(59:50) Hyperliquid Launches Equity Perps
(01:07:21) Coinbase To Acquire Vector.fun
(01:18:00) Berachain & Nova Digital’s $25 Million Refund Right
(01:26:41) 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.
This week, Keone Hon joins the show to discuss the recent launch of Monad. We deep dive into Monad's ICO, launching on Coinbase, the state of airdrops in crypto today, do we need another L1, whether public vs corporate chains are competitors and more. Enjoy!
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Follow Keone: https://x.com/keoneHD
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://twitter.com/theempirepod
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Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh
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Zcash is encrypted Bitcoin. Your digital bill of rights securing your freedom for the 21st century. Buy, store and spend ZEC privately using Zashi Wallet download today: https://electriccoin.co/zashi/
--
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]
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"Mantle Global Hackathon 2025 is live! Running from Oct 22 to Dec 31, Mantle invites builders to design the future of Real-World Assets (RWAs) on its modular L2 stack.
Key Highlights:
- $150,000 Prize Pool + Grants & Incubation opportunities
- Access to Bybit's 7M+ verified users
- Judges from Bybit Ventures, Spartan, Animoca Brands
- 6 Tracks: RWA/RealFi, DeFi, AI, ZK, Infra, GameFi
Join the Hackathon: https://www.hackquest.io/vi/hackathons/Mantle-Global-Hackathon-2025"
--
Uniswap’s Trading API offers plug-and-play access to deep onchain and off-chain liquidity, delivering enterprise-grade crypto trading without the complexity - from one of the most trusted teams in DeFi.
Click to get started with seamless, scalable access to Uniswap’s powerful onchain trading infrastructure. https://hub.uniswap.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=ww_web_bw_awa_trading-api_20251117_podcast_clicks
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Timestamps:
(00:00) Introduction
(01:35) Behind The Monad Launch
(06:42) Monad's Exchange Listing
(13:20) Ads (Zashi, Katana)
(14:37) Monad's Pre Deposit Strategy
(22:10) Monad’s Airdrop
(27:05) Ads (Zashi, Katana)
(28:21) Launching On Coinbase
(32:40) Launching Mainnet
(38:33) Ads (Mantle, Uniswap)
(40:35) Developing An App Ecosystem
(46:30) Why Do We Need Another L1?
(47:47) Public vs Corporate Chains
(52:36) What’s Next For Monad In 2026?
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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.