The Ultimate Coinbase Debate: Can It Survive? | Jeff Dorman

This week we're excited to bring you the Round Up episode from our Bell Curve Podcast, a show where we breakdown the most important themes in crypto. In today’s episode, Mike and Michael discuss all things Stables and more! The guys kick things off with PayPal, discussing their PYUSD Stablecoin launch and what it means for the wider ecosystem and future Stablecoin market structure. We then take a closer look at Coinbase’s Q2 earnings, before touching on future Rollup value accrual. We then close with a Ripple update, Cantina (Web3’s security marketplace), the endgame for Stablecoins, and more! - - Timestamps: (00:00) Introduction (02:28) PYUSD: PayPal stablecoin (07:37) Future Stablecoin Market Structure (11:31) Coinbase Update (24:39) Portnoy's Barstool Sports $1 Buy Back  (26:10) Rollup Value Accrual (44:43) Ripple XRP Update (50:04) Web3 Security Marketplace: Cantina (55:10) News-to-price Incongruities (58:15) The Stablecoin Endgame - - Follow Michael: https://twitter.com/im_manderson Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH -- Research, news, data, governance and models – now, all in one place. As a listener of Bell Curve, you can use code "BELLCURVE10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ -- Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Resources: PYUSD: PayPal stablecoin: https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd Coinbase earnings: https://blockworks.co/news/crypto-stocks-stumble-earnings - - Disclaimer: Nothing said on Empire or Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

11 Elo 20231h 2min

Follow 1000x On Spotify: https://spoti.fi/45htDli Follow 1000x On Apple Podcasts: https://apple.co/3Kz0Bpw Follow 1000x On YouTube: https://bit.ly/3DNc5C6 -- On today's episode of 1000x, Avi & Jonah discuss the major shift happening in crypto markets. As green shoots emerge across the industry, are there signs of liquidity beginning to return? We also deep dive into the performance of crypto hedge funds throughout 2023, how a Bitcoin ETF would open up a "gateway of liquidity" and PayPal's stablecoin launch. To hear all this & more, you'll have to tune in! -- Follow Avi: https://twitter.com/AviFelman Follow Jonah: https://twitter.com/jvb_xyz Follow 1000x: https://twitter.com/1000xPod Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: PayPal launches stablecoin tied to the US dollar, issued on Ethereum: https://blockworks.co/news/paypal-launches-stablecoin -- Timestamps: (00:00) Introduction (02:26) How Have Crypto Hedge Funds Performed In 2023? (05:52) Has Bitcoin Dominance Peaked? (07:56) Alt Coin Season & The Bitcoin ETF (12:28) Re-Thinking The Multi Chain Thesis (19:38) PayPal Launches A Stablecoin (24:50) Tether (29:48) From Crypto To Crude Oil -- Disclaimer: Nothing said on 1000x 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. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

10 Elo 202332min

In today's episode, Santi is joined by Jesse Pollak, a Base contributor. Base is an Ethereum Layer 2 (L2) chain incubating inside of Coinbase with plans to progressively decentralize the chain over time. They discuss Coinbase role in the ecosystem, account messaging & abstraction, privacy approach, and ecosystem growth trajectories.  - -  Follow Jesse: https://twitter.com/jessepollak  Follow Jason: https://twitter.com/JasonYanowitz  Follow Santiago: https://twitter.com/santiagoroel  Follow Empire: https://twitter.com/theempirepod  Subscribe on YouTube: https://tinyurl.com/4fdhhb2j  Subscribe on Apple: https://tinyurl.com/mv4frfv7  Subscribe on Spotify: https://tinyurl.com/wbaypprw  Get top market insights and the latest in crypto news.  Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - -  Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023  - -  Timestamps:  (00:00) Base: High Level Overview  (07:08) Base Neutrality  (10:25) Base Bridging  (13:52) Base dApp Development  (19:15) Base Privacy Approach  (21:27) Permissionless Ad  (22:54) Base Value to Coinbase Revenue  (25:57) Coinbase Wallet Adoption  (30:32) User Incentives  (37:05) Onchain Identity  (41:25) Bald Meme Coin Season  (46:13) Real Consumer Experiences on Base  (48:44) Sequencer Decentralization  (51:53) Onchain Messaging  (58:42) USDC Importance  - -  Resources  Introducing Base https://www.coinbase.com/blog/introducing-base https://base.mirror.xyz/lt3JR-mZ51q9eIOtGO36L3ZVzCTXmZVnbIiXz6crqzQ Onchain Summer https://www.coinbase.com/blog/celebrate-onchain-summer-with-coinbase Prop House https://prop.house/base - -  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.

9 Elo 20231h 2min

In today's episode, the tables have flipped. Santi & Michael interview Co-founders of Blockworks Michael and Jason. They dive into the Blockworks origin story, from conception, surviving COVID, the hiring difference, and the evolving thesis for Blockworks growth & trajectory.  - - Follow Michael I: https://twitter.com/MikeIppolito_ Follow Jason: https://twitter.com/JasonYanowitz Follow Michael A: https://twitter.com/im_manderson Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Timestamps: (00:00) The Blockworks Start (08:20) Entrepreneur Mindset Origination (11:42) Determining Product Categories (19:18) The COVID Pivot (24:12) Competitive Landscape (30:26) The Hiring Difference (34:36) Cycle Sentiment Check-in (39:24) Aligning Teams in Crypto (43:37) Target Audience (47:04) Permissionless (48:30) Evolving Thesis Approach (57:03) Narrative Pulse Check-in (01:00:02) Crypto's Killer App (01:02:38) Why Back Blockworks? (01:13:11) The Biggest Mistake (01:16:16) DAO Bullishness (01:23:12) Staying Interested Advice - - Resources Go to Permissionless  https://blockworks.co/event/permissionless-2023 - - 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.

8 Elo 20231h 32min

In today's round-up, we dive into the $70M Curve Exploit. Joined by Ren, a blockworks research analyst, and Andrew, blockwork's lead data reporter, the team dives into how the exploit happened, the impacted pools, MEV & White Hat recovery efforts, and Egorov's liquidation hunt. - - Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Follow Jason: https://twitter.com/JasonYanowitz Follow Ren: https://twitter.com/purplepill3m Follow Andrew: https://twitter.com/Blockanalia Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Technical Post-mortem https://hackmd.io/@LlamaRisk/BJzSKHNjn Egorov's Debank Profile https://debank.com/profile/0x7a16ff8270133f063aab6c9977183d9e72835428?chain=eth Egorov's Aave https://aave.blockanalitica.com/v2/ethereum/wallets/0x7a16ff8270133f063aab6c9977183d9e72835428/ OTC Deals https://twitter.com/thiccythot_/status/1686728604326002688 -- Timestamps (00:00) Introduction (00:24) What is Curve? (03:49) Exploit Explained (08:59) Impacted Curve Liquidity Pools (16:01) Vyper Code Exploit (20:25) Permissionless Ad (21:51) Centralized War Rooms (25:54) MEV Bots vs Hackers (31:29) Egorov Liquidation Hunt (38:09) Abracadabra Governance Proposal (40:25) Bad Debt Stand-off (44:06) OTC Deals (49:04) Lending Protocol Watershed Moment — 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.

4 Elo 20231h 1min

In today's episode, Nick Tomaino, GP of 1confirmation, joins Santiago and Jason. They dive into why the Next Gen L1 Thesis is wrong, Opensea token launch, VC issues, and his thesis for NFTs moving forward.  - - Follow Nick Tomaino: https://twitter.com/NTmoney Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - This episode is brought to you by Carbon.  Carbon is a new DEX on Ethereum that makes concentrated liquidity easy. LPs can automate their liquidity strategy with custom on-chain limit and range orders: all from a beautiful UI. Check out Carbon today at https://www.carbondefi.xyz/.  - - Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Timestamps: (00:00) Why Crypto VC is Dumb Money (08:06) Narrative Investing (17:48) The Key to VC Success (23:10) Bull Case for Prediction Markets (31:40) Carbon Ad (32:59) Permissionless  (34:24) The NFT Thesis (44:19) NTS & RWAs (49:02) NFT Fractionalization (54:52) The Future of Open Sea (01:00:04) Coinbase and Wallstreet (01:04:15) Timeline for Mainstream Adoption (01:12:25) 2024 US Election Outlook - - Resources Polymarket https://polymarket.com/ https://twitter.com/Polymarket The Scapegoat by Rene Girard https://www.amazon.com/Scapegoat-Ren - - 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.

1 Elo 20231h 17min

In today's episode Dan and Sam are joined by host of Bell Curve Podcast & Blockworks Co-Founder Michael and Blockworks research analyst Matt. The team dives into their key takeaways of the EthCC and converse on zkEVM problems, the bull case for centralization, scaling solutions, interoperability, and much more! - - Follow 0xResearch on YouTube: https://bit.ly/3foDS38 Subscribe to 0xResearch on Apple: https://apple.co/3SNhUEt Subscribe to 0xResearch on Spotify: https://spoti.fi/3NlP1hA - - Follow Michael: https://twitter.com/MikeIppolito_ Follow Sam: https://twitter.com/swmartin19 Follow Dan: https://twitter.com/smyyguy Follow Matt: https://twitter.com/MattFiebach Follow Blockworks Research: https://twitter.com/blockworksres Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  -- Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Resources Alex Blania Interview spoti.fi/3BuCzab https://apple.co/3W94QN6  https://youtu.be/ImPvUOwFR68 McHenry Bill Derailing https://blockworks.co/news/house-stablecoin-markup Vitalik Buterin - A history of account abstraction https://www.youtube.com/watch?v=iLf8qpOmxQc LayerZero https://layerzero.network/ — Timestamps: (00:00) Introduction (02:27) EthCC Vibe Check (09:30) Discussions on zkEVM Problems (15:11) Takeaways for Interoperability (23:52) The Bull Case for Centralized Builders (39:49) Enshrining Eigen Layer in Ethereum Protocol (46:21) Are Scaling Solutions Too Much? (55:01) Lido Bribe Mechanism (59:45) Web2 at EthCC (01:01:55) Permissionless Discount (01:03:19) What Does Institutional Adoption Look Like? - - 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.

28 Heinä 20231h 9min

In today's episode, Jason is joined by Qiao Wang, Partner at Alliance DAO. They start today's episode by sentiment checking the market, reflecting on the current building landscape, and the types of founders and projects currently raising funds. They wrap up the show by diving into the intersection of Crypto & AI, decentralizing AI, and consumer crypto AI products.  - - Follow Qiao Wang: https://twitter.com/QwQiao Follow Jason: https://twitter.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - This episode is brought to you by Carbon.  Carbon is a new DEX on Ethereum that makes concentrated liquidity easy. LPs can automate their liquidity strategy with custom on-chain limit and range orders: all from a beautiful UI. Check out Carbon today at https://www.carbondefi.xyz/.  - - Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Timestamps: (00:00) Bear Market Sentiment Check (08:23) The Stages of a Bear Market (13:19) What Buildoors are Building (18:50) What Layer has the Buildoors? (21:55) Types of Founders (29:44) Characteristics of a Successful Founder (33:47) Where Web3 Innovation is (37:03) Permissionless ad (38:28) Carbon ad (39:47) Is AI on the Gartner Hype Cycle? (43:07) The Intersection of AI (50:06) Decentralizing AI (59:41) Is There a Crypto Element for AI? (01:05:43) Consumer Crypto & AI Products - - Resources Alliance DAO https://twitter.com/alliancedao  - - 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.

25 Heinä 20231h 16min