Crypto’s bull run may be far from over, but the battleground is shifting.
On this week’s Bits + Bips, Bill Barhydt of Abra and Robert Leshner of Superstate join Ram Ahluwalia and Steven Ehrlich to debate:
The current state of the markets with a looming government shutdown
SWIFT’s move to build on Linea, an Ethereum layer 2
Hyperliquid vs Aster
The future of perps vs. spot
Why some DATs are starting to look like grifts
Whether DeFi billionaires will ultimately eclipse their CeFi predecessors
Plus: Binance’s and Tether’s valuation, CZ as the entrepreneur of the decade, and why the industry may be entering an era of “perpification.”
Thank you to Xapo for sponsoring this episode!
Hosts:
Ram Ahluwalia, CFA, CEO and Founder of Lumida
Steven Ehrlich, Executive Editor at Unchained
Guests:
Bill Barhydt, Founder and CEO of Abra
Robert Leshner, Co-founder & CEO of Superstate
Links:
Steve’s story on the DAT that claimed it raised much more than it actually did
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Timestamps:
🎬0:00 Intro
📈 3:26 Why Bill believes the bull run is far from over
🧐 5:10 Why Ram is pushing back on market FUD
🏛️ 9:10 Will a government shutdown impact markets?
🌐 12:48 Why SWIFT building on Ethereum’s Linea layer 2 is such a big deal
🏦 22:15 Whether it even matters if banks embrace crypto
⚠️ 27:50 How one DAT may have been the “ultimate grift”
⚔️ 35:58 Inside the DEX perps wars: Hyperliquid vs Aster
👑 40:32 How valuable Binance and CZ really are to the industry
🚀 50:39 What advantages make Hyperliquid stand out in the perp battle
🤔 53:14 Why picking winners in trading isn’t so simple
🔄 57:29 Winners in stablecoin race plus why perps are better than spot
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