Best Podcast Episodes About ether
Everything podcasters are saying about ether — curated from top podcasts
Updated: Mar 30, 2026 – 48 episodes
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Ridealong has curated the best and most interesting podcasts and clips about ether.
Top Podcast Clips About ether
“Sure, even just taking a step back if it's okay. Sharplink is an Ethereum digital asset treasury company. We raised over $3 billion in 2025 in common stock. So we have zero debt and we use that to buy Ether. And we take that Ether and from day one, we've been staking nearly 100%. So you stake it, you make your Ether productive, you get a yield. That shows up as revenue on our balance sheet for our investors. And we take the returns on our staked ETH and we've just put it back and we grow our ETH pile, our ETH …”
“Sure, even just taking a step back if it's okay. Sharplink is an Ethereum digital asset treasury company. We raised over $3 billion in 2025 in common stock. So we have zero debt and we use that to buy Ether. And we take that Ether and from day one, we've been staking nearly 100%. So you stake it, you make your Ether productive, you get a yield. That shows up as revenue on our balance sheet for our investors. And we take the returns on our staked ETH and we've just put it back and we grow our ETH pile, our ETH reserve. We've earned over 14,000 ETH tokens since our inception. So that's number one. The second characteristic about why we will survive and thrive in both up markets and down markets is we own something on behalf of our investors that doesn't exist in crypto. Tony, you ready for this? It's permanent capital. So the idea that when you're running a …”
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Sharplink's unique approach to Ethereum investing utilizes permanent capital, allowing them to thrive regardless of market fluctuations. By staking nearly 100% of their Ether, they generate consistent revenue without the pressure of selling assets during downturns. This innovative strategy positions them for long-term success in the crypto space.
“… podcast episodes. Each one, we get into his portfolio, what he's holding, the market structure, entry targets, fair market value of Bitcoin and Ether, and where we are in the cycle. There's new episodes that are released every Wednesday. They're 30 minutes, they're short, they're punchy. I think this crypto cycle is harder to navigate than most. So let's do it together. Go subscribe to this podcast, search the DeFi report wherever you get your podcasts, YouTube, Apple, Spotify, or find the link in the show notes. There's a new episode waiting for you now. Stocks are continuing to get …”
“… name is Michael Nato. He runs the DeFi Report. This is the guy that sent me a sell alert before the 1010 price drop happened. His cycle analysis has been absolutely on point. I've been following him for years. And this year, we started recording weekly podcast episodes. Each one, we get into his portfolio, what he's holding, the market structure, entry targets, fair market value of Bitcoin and Ether, and where we are in the cycle. There's new episodes that are released every Wednesday. They're 30 minutes, they're short, they're punchy. I think this crypto cycle is harder to navigate than most. So let's do it together. Go subscribe to this podcast, search the DeFi report wherever you get your podcasts, YouTube, Apple, Spotify, or find the link in the show notes. There's a new episode waiting for you now. Stocks are continuing to get tokenized, this time by New York Stock Exchange, who has chosen Securitize to tokenize its listed stocks. So Securitize is the first digital transfer agent to issue and track real stocks and ETFs as on tokens So what does this mean Normal equities will trade on the New York Stock Exchange as they normally do But if the receiver of those tokens of those …”
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JP Morgan, the largest bank in America, has officially started allowing institutional clients to use their Bitcoin and Ether as collateral for loans. This marks a significant milestone in crypto adoption, as these digital currencies are now part of the bank's collateral stack, enabling clients to leverage their crypto assets for further investments. The implications of this shift could reshape how institutional investors interact with cryptocurrencies in the financial landscape.
“… know you better. Watch out. Watch out. I know that one. Does she do that thing? That's that song. Oh, that one. That same song. How about Melissa Etheridge? Ooh. Ooh. No, it's not. It's a fast car because that's someone else. That's Tracy Chapman. Yeah.”
“… How about Lauryn Hill? Oh, yeah, she's the Fugees. She was one of the Fugees, yeah. She sings, ah, what is that song that I know? And it's killing me softly with your hands. Good job, man. Fugees. But she's a solo artist, too. She's like, girl, you know you better. Watch out. Watch out. I know that one. Does she do that thing? That's that song. Oh, that one. That same song. How about Melissa Etheridge? Ooh. Ooh. No, it's not. It's a fast car because that's someone else. That's Tracy Chapman. Yeah.”
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In this hilarious segment, Lunchbox hilariously struggles to name songs by iconic artists, mistaking Def Leppard for Billy Idol and singing only song titles. His cluelessness leads to a series of laugh-out-loud moments, especially when he confuses rock legends and stumbles over lyrics, making it a must-listen for music fans and comedy lovers alike.
“… south without any governments having to change policy. Yeah. So, OK. So first thing I'll say, I don't know. It's 250,000 users a day. Yeah. OK. So Tether is a juggernaut. There is no way around it. And I've had my my problems with Tether for a very long time. So I've said this a few times now in the last couple of months, but I'm going to say it again. So there's three parts of this. Number one, I messed up. And what I messed up once is I. I let my opinion of the people influence my opinion of the technology. So because I didn't like the people that were running and not like I've never met him, …”
“And the scale of their company is insane. It's about 400 million users when they were talking, at least. And they're adding 250,000 users a week. It is growing so fast. And essentially that is dollarizing the global south without any governments having to change policy. Yeah. So, OK. So first thing I'll say, I don't know. It's 250,000 users a day. Yeah. OK. So Tether is a juggernaut. There is no way around it. And I've had my my problems with Tether for a very long time. So I've said this a few times now in the last couple of months, but I'm going to say it again. So there's three parts of this. Number one, I messed up. And what I messed up once is I. I let my opinion of the people influence my opinion of the technology. So because I didn't like the people that were running and not like I've never met him, I don't know them personally, but because I thought some of the things they were doing as a company were less than pristine. I let that influence my understanding of the technology itself, and I should have done a better job of understanding the technology, despite my personal views of them, right? So that's number one. Number two, there was a guy …”
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Stable coins could become a weapon for the U.S. against emerging economies, stripping local governments of their monetary control. As these digital currencies gain traction, they may lead to revolts in countries where the local currency fails, as seen in Iran. This shift could redefine global financial power dynamics, making stable coins a pivotal technology for the future.
“… Apollo buying Morpho tokens, right? So that's the game now, folks. I hope you see what's happening. Now, we get some interesting updates around Tether. So Tether has announced that Tether Gold, XAUT, will be used to offer shareholders the option to receive dividends in tokenized gold. It's incredible what's happening. So Tether leading the charge on stablecoins and now on gold. And smart moves on their part because gold has been ripping, right? So has silver. That entire asset class of precious metals have been doing well. Well, if they're going to pay dividends in tokenized gold, I think …”
“… they're not just investing in the equity of certain companies. They're buying tokens as well, man. And we're seeing a big trend of Wall Street starting to buy tokens. You know, we reported on BlackRock buying Uniswap tokens, Citadel Layer Zero tokens, Apollo buying Morpho tokens, right? So that's the game now, folks. I hope you see what's happening. Now, we get some interesting updates around Tether. So Tether has announced that Tether Gold, XAUT, will be used to offer shareholders the option to receive dividends in tokenized gold. It's incredible what's happening. So Tether leading the charge on stablecoins and now on gold. And smart moves on their part because gold has been ripping, right? So has silver. That entire asset class of precious metals have been doing well. Well, if they're going to pay dividends in tokenized gold, I think that's pretty lucrative given the performance of gold. So very bullish here. Now, speaking of stablecoins, Stripe's stablecoin firm, Bridge, wins initial approval of National Bank Trust Charter. So the building continues, folks. So Bridge, the stablecoin infrastructure firm owned by Stripe, said it has received conditional approval from the OCC to …”
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The podcast highlights Dragonfly's successful fundraising as a sign of resilience and opportunity in the crypto market, contrasting the prevailing narrative of doom and gloom during a bear market.
The podcast highlights the optimistic implications of Stripe's Bridge receiving OCC approval, framing it as a significant step forward for stablecoins and digital asset infrastructure amidst a challenging market.
“… edging up slowly from 24, 35, 40, 41, 40, 45, 50. Sounds like an auction, right? Well, maybe he's on his way to 100. That could be the bottom for Ethereum. So keep a very close eye. I want to go to one more clip here. This clip goes into where Matt Hogan thinks the market is heading. Take a look. My thesis is that we're actually really deep into the winter, so deep that we may be seeing the first signs of the spring. I think the crypto winter really started this time way back at the beginning of 2025. We just didn't notice it because there was so much institutional capital coming into Bitcoin …”
“… the bottom. If you go over here and Bitmines Immersions Holdings, You can kind of see. Let me zoom in on that for you guys so you can kind of see. Here's the net changes right there. 50, 40, 35. And here's the biggest one he just made at 60. So he's edging up slowly from 24, 35, 40, 41, 40, 45, 50. Sounds like an auction, right? Well, maybe he's on his way to 100. That could be the bottom for Ethereum. So keep a very close eye. I want to go to one more clip here. This clip goes into where Matt Hogan thinks the market is heading. Take a look. My thesis is that we're actually really deep into the winter, so deep that we may be seeing the first signs of the spring. I think the crypto winter really started this time way back at the beginning of 2025. We just didn't notice it because there was so much institutional capital coming into Bitcoin via ETFs that kept the price. You know, I think we were down 6% in 2025. But if you had removed that institutional capital, the price would have been down substantially. In 2022, we had FTX blew up. We had the core infrastructure of crypto collapsing. We had a regulator that was trying to end the industry. This time, we have sort of a classic …”
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Ethereum's recent accumulation of 100,000 ETH could signal the market's bottom, according to crypto analyst Tom Lee. With institutional capital flowing in and a more optimistic regulatory environment, experts believe we might be witnessing the first signs of recovery from the long crypto winter that began in 2025. The underlying fundamentals are strong, suggesting a potential turnaround for the market.
“… at the look at the fee story and make any judgments here. Yeah, I would agree with all that. And I think this is where, you know, we talked about Ethereum having 180 billion stable coins and the network is worth about, you know, 250 or 230 or so billion right now. So, you know, there are other ways to think about fundamentals separate from just the fees. You know, the way that sort of that decline in fees is impacting like the staking yields is we're just seeing, you know, that blue where we've got a chart here of the staking yield of ETH over time going back to late 2022. two. And we had a …”
“… just at the fee revenue, it's not telling the full story for this asset. And I mean, that's similar for other chains, too. Like Bitcoin barely generates any fees and look at its valuation. So that's why it's complicated to just like, I don't know, look at the look at the fee story and make any judgments here. Yeah, I would agree with all that. And I think this is where, you know, we talked about Ethereum having 180 billion stable coins and the network is worth about, you know, 250 or 230 or so billion right now. So, you know, there are other ways to think about fundamentals separate from just the fees. You know, the way that sort of that decline in fees is impacting like the staking yields is we're just seeing, you know, that blue where we've got a chart here of the staking yield of ETH over time going back to late 2022. two. And we had a pretty healthy sort of combination of new issuance, which is, you know, network inflation that's compensating the validators in combination with some MEV, you know, that's adding to the staking yield. And then you had priority fees that were all combining to produce a nice yield that was over 5%, you know, percent or so back in 2022. And as these …”
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Ethereum maintains a low inflation rate of about 0.83%, allowing it to be viewed as a store of value despite low fee capture. This is significant because, unlike other networks, Ethereum's validators are not abandoning the network due to diminished staking yields. The combination of new issuance and minimal dilution makes Ethereum's token economics resilient even in challenging market conditions.
“… I don't remember what I was saying Yeah, I mean, it's not a big deal and he's actually reached out to me through a friend saying we should get together I like that I like a little bit of I think you got a push back even on the biggest billionaires and they can handle it They probably push back to yeah look problem is we in a culture where we decided if someone or a company is a net positive If I had a button that Elon Musk would have to go back to South Africa, I wouldn't push that button. I think he's been a net good for the world. Inspired the EV race. I mean, seeing that rocket, that …”
“… guy? You guys get at it at Twitter. Did he really call you insufferable? Did you just put that on a drift? What do we think about Elon Musk? No, he called me an insufferable numbskull. On Twitter? Yeah. Did you talk back to him? Don't even remember. I don't remember what I was saying Yeah, I mean, it's not a big deal and he's actually reached out to me through a friend saying we should get together I like that I like a little bit of I think you got a push back even on the biggest billionaires and they can handle it They probably push back to yeah look problem is we in a culture where we decided if someone or a company is a net positive If I had a button that Elon Musk would have to go back to South Africa, I wouldn't push that button. I think he's been a net good for the world. Inspired the EV race. I mean, seeing that rocket, that booster rocket captured on it as it's falling, that's just inspiring. But at the same time, the problem with the word a net good for society is the word net. I also think he should be held accountable for his coarseness and his cruelty. I don't think you attain that level of power such that you cannot pay people their legally obligated severance. I don't …”
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Elon Musk is a complex figure who has undeniably advanced technology and inspired the electric vehicle revolution, but his behavior raises concerns about accountability and role modeling. While he has leveraged American innovation and taxpayer support for his ventures, the speaker argues that his coarse demeanor and controversial actions should not be overlooked. This duality presents a Greek tragedy of sorts, where we must recognize his achievements while also holding him accountable for his shortcomings.
“… cash and you think have like a durable fit within a market post regulatory clarity. Let's just sit across the ones that we'll consider. So Solana, Ethereum, I think they're sitting in and around that 2024 lows, but BTC is actually above its 2024 low. So if you just want to say that there's some mapping and some good pockets of support, I would say ETH and Solana are probably better bets than Bitcoin at this moment in time from a pure multiples basis. The other one is I think that the guys over at SUI are doing some fantastic stuff. We've been working on something with them that will come out in …”
“… push me to ask is like, well, which one? So I think if I just go across the majors, let's say, because I kind of put my stool out there and said, you know, fundamentally pick ecosystem plays or to my earlier point, businesses that make a truckload of cash and you think have like a durable fit within a market post regulatory clarity. Let's just sit across the ones that we'll consider. So Solana, Ethereum, I think they're sitting in and around that 2024 lows, but BTC is actually above its 2024 low. So if you just want to say that there's some mapping and some good pockets of support, I would say ETH and Solana are probably better bets than Bitcoin at this moment in time from a pure multiples basis. The other one is I think that the guys over at SUI are doing some fantastic stuff. We've been working on something with them that will come out in the next couple of months. But I think that they have a really cogent and very thoughtful approach to how to engage on the kind of more institutional adoption. So very excited for what those guys are doing. And I think I may have said that a while back as well in the last call. So we have followed through on our thesis of being involved in …”
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Investing in Ethereum and Solana may be smarter than Bitcoin right now, especially with upcoming regulatory clarity. Analysts suggest focusing on ecosystem plays rather than single applications, as these platforms are likely to thrive post-regulation. Additionally, the SUI network is emerging as a strong contender for institutional adoption, making it another exciting investment opportunity.
“… and then you know obviously you throw in the war that's happening so we shall see but just something you guys should be aware of uh final news item Ethereum smart accounts are finally coming within a year, says Vitalik Buterin. So the Ethereum Foundation and developers are certainly looking to make some big upgrades to ETH to continue its usability. So Ethereum account abstraction or smart accounts will be shipped with the Hagoda upgrade within a year, Vitalik Buterin said on Saturday. We have been talking about account abstraction ever since early 2016. He added that now we finally have …”
“… in digital assets flowed through binance to iranian entities linked to terrorism including groups connected to the hutis and islamic revolutionary guard corpse so again i don't know where this goes i don't know if this is some political posturing and then you know obviously you throw in the war that's happening so we shall see but just something you guys should be aware of uh final news item Ethereum smart accounts are finally coming within a year, says Vitalik Buterin. So the Ethereum Foundation and developers are certainly looking to make some big upgrades to ETH to continue its usability. So Ethereum account abstraction or smart accounts will be shipped with the Hagoda upgrade within a year, Vitalik Buterin said on Saturday. We have been talking about account abstraction ever since early 2016. He added that now we finally have EIP-8141, an omnibus that wraps up and solves every remaining problem that account abstraction was intended to address, plus more, and is slated to deploy this year. He said, finally, after a decade of research and refinement of these techniques, this all looks possible to make within a year via the Hagoda fork. so guys many of you know i hold eth in my …”
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Eleven U.S. senators are calling for a federal investigation into Binance's compliance with sanctions, citing concerns over $1.7 billion in digital assets linked to Iranian entities. This comes amid ongoing political drama involving Binance's CEO, who faced jail time previously. Meanwhile, Ethereum's Vitalik Buterin announces major upgrades, including smart accounts, set to enhance its usability within a year.
“… bus routes. Battery electric buses were 56% of the city bus market last year, and fuel cells were 4%. That's up from 3% last in 2024. Add them together, that is the 60% zero emission share. And that is really following policy. Back in 2019, there was the adoption of the Clean Vehicles Directive, it was the CVD. And phase one was a five-year plan which ran to the end of December 2025, all about zero emission procurement targets for different countries in Europe. And since then, this phase one target, we've seen a massive increase in EV buses. Some markets now drive little else. Five member …”
“… zero emission transport. That marks a jump from 12% in 2019 to 60% in 2025. A big increase, I'll take it. Still stings a bit that four out of 10 buses are still spewing out diesel when we know how to make electric buses and they work really well for bus routes. Battery electric buses were 56% of the city bus market last year, and fuel cells were 4%. That's up from 3% last in 2024. Add them together, that is the 60% zero emission share. And that is really following policy. Back in 2019, there was the adoption of the Clean Vehicles Directive, it was the CVD. And phase one was a five-year plan which ran to the end of December 2025, all about zero emission procurement targets for different countries in Europe. And since then, this phase one target, we've seen a massive increase in EV buses. Some markets now drive little else. Five member states had 100% EV buses last year. Bulgaria, Denmark, Estonia, Latvia, and Slovenia. Stand up, take a bow. You only bought EV buses, brilliantly. Six more countries had a 90% share. All right, we can live with that. We can live with nine out of 10. Netherlands, Luxembourg, Finland, Belgium, Lithuania, and Romania. The Netherlands, 99.5% zero emission …”
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Last year, 60% of new city buses were zero-emission, a massive leap from just 12% in 2019. This shift is driven by the Clean Vehicles Directive, pushing countries like Denmark and the Netherlands to adopt electric buses overwhelmingly. However, larger markets like Germany struggle with hydrogen buses, revealing a complex landscape in the transition to zero-emission transport.
“I like it. All right, we're gonna put you on the spot here between Ethereum and Solana, because these are the two winners right now, I think, that come out of what we'll see in the short term. You got Tom Lee over here. We know where he stands. More signs of meaningful low in place. Stock becomes consensus short. Don't worry about it. Hints of stock can rise on bad news. He thinks that the bad news is priced in. This, of course, all goes into things that are happening around both ETH as well as Solana. Where would …”
“I like it. All right, we're gonna put you on the spot here between Ethereum and Solana, because these are the two winners right now, I think, that come out of what we'll see in the short term. You got Tom Lee over here. We know where he stands. More signs of meaningful low in place. Stock becomes consensus short. Don't worry about it. Hints of stock can rise on bad news. He thinks that the bad news is priced in. This, of course, all goes into things that are happening around both ETH as well as Solana. Where would you stand right now, ETH, Solana? Where's my play? Well, just because Tom Lee's on ETH, I'm gonna choose Solana. We're gonna go on that direction here. So I'll take that side of the coin, even though, honestly, they're both altcoins. They probably move together, but look at this beautiful pattern. In technical analysis, this was called a bottoming …”
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Solana shows potential for massive upside, possibly reaching $120, while Ethereum's holdings by BM&R suggest a strategic buy. Technical analysis reveals a bullish reversal for Solana, indicating it's the preferable choice despite both being strong altcoins. If you're considering investing, now might be the time to act on these insights.
“… thesis. Every time somebody launches a new competitor, like the Canton Network, for example, it just validates the thesis. It validates the need for Ethereum, for decentralized public financial infrastructure, as I've said several times. So all these things are extremely bullish. The market sentiments in the toilet, the fundamentals are skyrocketing. That, to me, means that price resolves higher, and I think that that's what you're gonna see in the short term. I'm expecting, as we go into March, a relief rally in Bitcoin and digital assets. I don't know if it'll have legs. It could be another …”
“… It's only continued, it's only expanded. Every asset manager in the business is tokenizing things. The explosion of real-world assets on tokenized rails and the competition for that market share has gotten better, stronger. It just validates the thesis. Every time somebody launches a new competitor, like the Canton Network, for example, it just validates the thesis. It validates the need for Ethereum, for decentralized public financial infrastructure, as I've said several times. So all these things are extremely bullish. The market sentiments in the toilet, the fundamentals are skyrocketing. That, to me, means that price resolves higher, and I think that that's what you're gonna see in the short term. I'm expecting, as we go into March, a relief rally in Bitcoin and digital assets. I don't know if it'll have legs. It could be another dead cat bounce and we go lower eventually, but I think 60K is the floor I'm looking at right now. If we go down there and touch it, I wouldn't be surprised. If we drop into the 50s, I don't think we'll stay there long. We're gonna turn bounce here because we haven't really had one, and I think we're due for a relief in software that should benefit …”
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Despite a bearish market sentiment, the investment thesis for Ethereum is stronger than ever, driven by increasing institutional adoption and the rise of tokenized assets. As competition in the decentralized finance space heats up, the fundamentals suggest a potential price rally, with predictions of Bitcoin and Ethereum bouncing back soon. This dynamic indicates a shift back to bullish territory as sentiment changes.
“We have the pricings, meaning we have to actually make sure that the parts of the Ethereum chain that are especially hard to ZK verify, we make a bit more expensive. We basically rebalance the cost. And then the most important technical dependency for the mandatory proofs, the full transition basically, is actually related to the statelessness element. And that's specifically that we need to transition the Ethereum state tree over to a new format. Long-term listeners might be familiar with this elusive Verkle tree idea. And so …”
“We have the pricings, meaning we have to actually make sure that the parts of the Ethereum chain that are especially hard to ZK verify, we make a bit more expensive. We basically rebalance the cost. And then the most important technical dependency for the mandatory proofs, the full transition basically, is actually related to the statelessness element. And that's specifically that we need to transition the Ethereum state tree over to a new format. Long-term listeners might be familiar with this elusive Verkle tree idea. And so Verkle trees were this early Ethereum idea of like, hey, we currently have a Merkle tree. So like any account in Ethereum is part of this huge tree structure. And every block, the entire tree is updated. And at the roots, you have your balance and you have all these individual elements about your account. The original idea was that transition is over …”
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Ethereum is transitioning from outdated Merkle trees to innovative binary trees, a move that promises enhanced efficiency and security. This change, driven by the need for statelessness and post-quantum security, is spearheaded by expert Guillaume, who is finally realizing the potential of prior research. Over the next two years, this upgrade will be the central story for Ethereum's evolution.
“… not a year from now it might be two years from now three years from now four years five years I don't know. Right. Maybe there's a world where just Ethereum and that are just too overvalued for what they are you know. And sometimes things get overvalued sometimes they get undervalued so it's not to say like it can't go up from here of course it can but it is to say like there's a rational approach here and I think a lot of the next buyers outside of retail are thinking about it the way I just explained it. And so to just say you know tokenization of everything everything's coming on Ethereum ETH …”
“Right. And for it to really become this like trustless asset used as collateral at scale. We need a lot to happen for that and that's not today that's probably not a year from now it might be two years from now three years from now four years five years I don't know. Right. Maybe there's a world where just Ethereum and that are just too overvalued for what they are you know. And sometimes things get overvalued sometimes they get undervalued so it's not to say like it can't go up from here of course it can but it is to say like there's a rational approach here and I think a lot of the next buyers outside of retail are thinking about it the way I just explained it. And so to just say you know tokenization of everything everything's coming on Ethereum ETH good that's not enough that doesn't make sense. But ETH and all the L1 tokens still don't. Right. So that's the kind of idea which is but there's not really a world where DeFi protocols which are the thing that I'm saying is going to power all this it would be very challenging for everything to come on chain but DeFi protocols not do well because …”
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DeFi protocols are set to prosper as more assets transition onto blockchain platforms, despite uncertainties surrounding Ethereum's value. While Ethereum's future remains ambiguous, successful DeFi projects like Aave are positioned to benefit significantly from this shift, driving up their revenues and token values. This trend suggests that crypto equities, particularly companies like Coinbase, will also see substantial growth as they facilitate this transformation.
“… stage two roll up and is more likely to become layer one like, creating his own decentralization and economic security rather than needing to borrow Ethereums. Alex Thorne had a follow up tape that is pretty similar to this. He thinks, he speculates that Coinbase might have decided that base isn't decentralized enough to avoid registration as an exchange for tokenized stocks. So base, because it's operated by Coinbase, it's single sequencer layer two, too centralized to become a decentralized exchange for stocks. And so- Specifically in the Clarity Act, right? In the Clarity Act, yeah. And so the …”
“… all of these things as a layer two. Everyone kind of agrees that these are just like layer one ish things to do, especially decentralizing the sequencer. And so Gabe tweets out, am I reading this blog wrong as base signaling is unlikely to become a stage two roll up and is more likely to become layer one like, creating his own decentralization and economic security rather than needing to borrow Ethereums. Alex Thorne had a follow up tape that is pretty similar to this. He thinks, he speculates that Coinbase might have decided that base isn't decentralized enough to avoid registration as an exchange for tokenized stocks. So base, because it's operated by Coinbase, it's single sequencer layer two, too centralized to become a decentralized exchange for stocks. And so- Specifically in the Clarity Act, right? In the Clarity Act, yeah. And so the Clarity Act defines a non-decentralized finance trading protocol. It defines what that is and Coinbase. He speculates that Coinbase thinks that like base needs to be more decentralized in order to not fit that category. And my understanding is they could get there by decentralizing their sequencer rather than that being base run. But at the point …”
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Coinbase's Base may be shifting from a layer two to a potential layer one, as speculation arises about its decentralization and regulatory challenges. Crypto lawyer Gabe Shapiro suggests that Base's current structure might not be decentralized enough to avoid exchange regulations, prompting a reevaluation of its future. This shift could redefine how layer twos operate in the market, especially as other platforms like Polygon begin to outperform Ethereum in fee generation.
“… run from Country Western. I grew up in Wyoming. So, you know, you might have Nobody to Blame by Chris Stapleton is on there. The Beatles, Come Together, Billy Joel, You May Be Right. Those are on my playlist. What else? Ray Charles, Hit the Road, Jack. So, you know, just kind of a mix of things along the way, some for exercise, some for fun and just things I enjoy listening to from time to time. Yeah, no, I love it. What about life message or mantra? Are there sort of words that guide you in how you operate or live? You know, I grew up on a dairy farm in Western Wyoming and in rural Wyoming, …”
“… what are the songs on your playlist? What kind of music does the CEO of Intermountain Health like to listen to? These are always such amazing questions to be asked along the way, Ed. So, you know, I think I have a mix of things on my playlist, and they run from Country Western. I grew up in Wyoming. So, you know, you might have Nobody to Blame by Chris Stapleton is on there. The Beatles, Come Together, Billy Joel, You May Be Right. Those are on my playlist. What else? Ray Charles, Hit the Road, Jack. So, you know, just kind of a mix of things along the way, some for exercise, some for fun and just things I enjoy listening to from time to time. Yeah, no, I love it. What about life message or mantra? Are there sort of words that guide you in how you operate or live? You know, I grew up on a dairy farm in Western Wyoming and in rural Wyoming, you run into a lot of challenges on a farm anywhere, not just rural Wyoming, but you're a long ways from anywhere in rural Wyoming when those things happen. There was a mantra that I grew up with, and it was what must be done can be done. And I love that mantra. What it means to me as I was growing up is when something happens or you need to do …”
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Ridealong summary
Rob Allen's mantra, 'What must be done can be done,' stems from his challenging upbringing on a Wyoming dairy farm. This philosophy guided him into healthcare, inspired by his mother's nursing career and the need for community support. Rob's journey emphasizes the importance of facilitating success for others, leading him to become a prominent leader in the healthcare industry.
“… is so much at greed that we're still feeling the after effects of that? You know, wasn't that euphoric? Well, in terms of price, right? Like Ethereum only returned to its previous all-time high. Solana only went to like 300, maybe that was like, I think its previous all-time high was like two something or other. And there's dilution, obviously. But what about the meme coins were ripping? Yeah, definitely. I mean, you definitely had like, a lot of people got burnt on that. But you know what's crazy is that Solana's down 50% since Trump got elected. Trump is down 90%. Bitcoin's down …”
“… the natural cyclicality of the market? And if you go back to the Trump presidency and him getting voted in, you had incredible euphoria. A lot of altcoins did move and Bitcoin clearly moved, right? Breaking 100K, but were we so euphoric and the sentiment is so much at greed that we're still feeling the after effects of that? You know, wasn't that euphoric? Well, in terms of price, right? Like Ethereum only returned to its previous all-time high. Solana only went to like 300, maybe that was like, I think its previous all-time high was like two something or other. And there's dilution, obviously. But what about the meme coins were ripping? Yeah, definitely. I mean, you definitely had like, a lot of people got burnt on that. But you know what's crazy is that Solana's down 50% since Trump got elected. Trump is down 90%. Bitcoin's down something like, I don't know, 30% or something. Man, it's pretty crazy. So I'm curious. It's fun to cover though. It's fun to watch. Watch, right, yeah. How does a firm like GSR handle those market volatility as a market maker? Is it just business as usual or is crypto like its own beast where you guys have to pivot and make sure you cover all your bases …”
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Ridealong summary
Crypto market makers like GSR adapt to extreme market volatility by providing liquidity and managing risk, similar to traditional financial firms like Goldman Sachs. They facilitate the lifecycle of crypto projects, from investment to market entry, while ensuring stability amid rapid changes. This behind-the-scenes work is crucial for the functioning of crypto markets, yet often goes unnoticed.
“… two experts debate, which is better, proof of work or proof of stake for creating a global crypto money system. So Justin Drake, of course, on the Ethereum side is a big proponent of Ether, the asset as a store of value, as a money. And so has historically, David and I have been with Bankless. I think you've been pushing against that. I think your reasons are Bitcoin has the network effect. It was kind of the original chain. Also, you really tend to like proof of work and it's tie into kind of energy. Now, I want to fast forward through another cycle to 2026, where we are right now. And I want …”
“Lynn, I think it was 2022 when we had you on actually for a debate with Justin Drake. And the episode, I think it's called the Proof of Work versus Proof of Stake debate. Great episode. Yeah, it was a fantastic episode. The topic was two experts debate, which is better, proof of work or proof of stake for creating a global crypto money system. So Justin Drake, of course, on the Ethereum side is a big proponent of Ether, the asset as a store of value, as a money. And so has historically, David and I have been with Bankless. I think you've been pushing against that. I think your reasons are Bitcoin has the network effect. It was kind of the original chain. Also, you really tend to like proof of work and it's tie into kind of energy. Now, I want to fast forward through another cycle to 2026, where we are right now. And I want to congratulate you so far on being more correct, at least the market has dictated that you've been more correct on that side. I will point out that it's not over yet. This will play out over many years and many decades. I'm sure there will be things that come into play for both of those networks in the future. So I personally haven't given up, but …”
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Ridealong summary
Bitcoin has proven to be the more effective store of value compared to Ethereum, especially as of 2026. This dominance stems from Bitcoin's strong network effects and simplicity, which make it hard for Ethereum to catch up. Experts debate the future of both systems, but for now, Bitcoin holds the upper hand in this crucial crypto battle.
“… from ENS threw this out, he's basically like, gas fees are low, there's a scaling roadmap in place. It always, it made more sense for ENS to be on Ethereum. Vitalik backed that up, and he said, it's a good decision, ENS names and records are a form of state that's central to the Ethereum ecosystem, you know, so they're staying on the L1. I would like to echo a point you made. ENS is staying on the L1? That is, it's crazy that that's crazy. The Ethereum name service is deciding to stay on Ethereum. Oh my god, we could have saved some more time. I was reflecting on part of your rant from our …”
“… to develop a layer two, and they have now reverted back, and they're saying the next version of their protocol, ever after, it's going to be deployed on the layer one. We're going back to the L1, back to mainnet. The reason they gave is like, Nick from ENS threw this out, he's basically like, gas fees are low, there's a scaling roadmap in place. It always, it made more sense for ENS to be on Ethereum. Vitalik backed that up, and he said, it's a good decision, ENS names and records are a form of state that's central to the Ethereum ecosystem, you know, so they're staying on the L1. I would like to echo a point you made. ENS is staying on the L1? That is, it's crazy that that's crazy. The Ethereum name service is deciding to stay on Ethereum. Oh my god, we could have saved some more time. I was reflecting on part of your rant from our episode that we dropped last Saturday, which is just like, we could have figured this out, you know, two years ago. Yeah, so much sooner, and gave more clarity. But here we are now. And wasted less capital and effort and labor. Yeah, good news for adoption. This was Hayden Adams saying, this is a huge day for DeFi, I gotta agree. So BlackRock, the …”
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Ridealong summary
BlackRock, the world’s largest asset manager, is now trading regulated securities through Uniswap, marking a significant milestone for decentralized finance (DeFi). This partnership not only legitimizes DeFi but also signals that major financial institutions are embracing blockchain technology. With BlackRock's endorsement, the future of trading securities on decentralized platforms looks promising.
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