In crypto, startups captured almost all the value. In AI, it's the other way around. .@hosseeb on why Anthropic and OpenAI are 'a pittance' next to what Nvidia, Amazon and Google added in market cap https://t.co/oPVKPeui9V
NEW POD We cover: – Druck bullposts TradeXYZ – ICE brings $HYPE perps to the US – Google Cloud's new crypto custody – Grading YC's crypto wishlist – Does AI favor incumbents > startups? With @JasonYanowitz, @hosseeb & @santiagoroel TIMESTAMPS: 00:00 Chicken Hats and Bull Markets 02:15 Google's 12% Earnings Drop 02:33 Druckenmiller Bets on Trade XYZ 15:59 Fidelity 16:34 DAS London 17:12 Google Cloud Enters Custody 22:01 Inside Dragonfly's Partner Shakeup 26:12 Fidelity 26:53 DAS London 27:28 Inside Dragonfly's Partner Shakeup (cont.) 28:25 YC's Crypto Startup Wishlist 32:49 The Four Stages of a Bull Market 39:15 DeFi Primitives Beyond Perps 42:42 AI Bubble or Incumbents' Game? 50:26 ICE's Sprecher on Hyperliquid 51:44 Midterms and Crypto Politics 56:26 Content of the Week
NEW POD with @CompoundVC Managing Partner @mhdempsey We cover: – Will the labs eat every startup? – Which SaaS companies survive – Why the public hates tech – Bio's breakout decade – If Crypto venture is dead TIMESTAMPS: 00:00 Intro 01:29 How Do You Invest Without FOMO? 08:30 Is The AI Boom Built To Last? 12:32 Will AI Labs Eat Every Startup? 17:19 Ads (Fidelity Crypto) 17:52 Which Software Companies Survive AI? 24:35 Why Is Tech Losing Public Trust? 33:56 Ads (Fidelity Crypto) 34:35 Gambling, Inequality, And Financial Nihilism 40:03 Has Tech Lost Its Soul? 43:54 How Compound Finds Its Next Bets 55:36 Can AI Transform Biotech? 01:03:39 Why Still Invest In Crypto? 01:08:04 Which Crypto Companies Could Go Public?
NEW ROUNDUP We Cover: – Anthropic & AI's growth scare – CoreWeave's CDS panic – Yano's AI tiers: who gets wiped out – Why everyone's talking about Pearl – Stables replacing national currencies – Can the CFTC allow global liquidity? @JasonYanowitz @santiagoroel @HadickM TIMESTAMPS: 00:00 Intro 01:24 AI Sells Off, Crypto Holds Up 05:20 Is CoreWeave Facing A Debt Crisis? 10:14 Can Frontier Models Make Money? 16:20 Ads (Fidelity Crypto, DAS London) 17:30 Which AI Businesses Survive? 21:52 Who Wins As AI Gets Cheaper? 27:15 Ads (Fidelity Crypto, DAS London) 28:41 What Stood Out At Token2049? 31:49 Can AI Mining Challenge Bitcoin? 36:09 Does Pearl’s Mining Model Work? 40:23 What’s Next For Crypto Exchanges? 50:26 Will Stablecoins Replace National Currencies? 59:45 Content Of The Week
Will @kamino lend against venture funds in the next 6 months? @WeiszM: "No." VC stakes are "too volatile," and the NAV is reported "quarterly at best." He starts with pools you can actually price, like Figure's PRIME and auto loans. $KMNO https://t.co/mqXMddJpke
If he couldn't build Hyperliquid, what would he build? @chameleon_jeff: options, because perps alone won't cover what traders need https://t.co/JtWfCPwjBg
Most DeFi apps fight to own the user, but Kamino's CEO doesn't need them. That's the whole strategy, per @WeiszM: be the API under every front end. "If you don't know who Kamino is, it doesn't matter." Kamino wins by being invisible. $KMNO https://t.co/MRFhPHo4aI
5 years of lawsuits or just sell the collateral. That choice is why even Goldman and UBS won't lend against your private assets, says @kamino CEO @WeiszM: "I don't want to sue you for the next five years if you don't pay back. I want to just be able to sell the asset and get repaid." Onchain collateral fixes that. $KMNO