Can Ethereum Still Win? | Roundup

What happens when crypto finally grows up? This week, we look ahead to where crypto is headed over the next one and five years as regulation, institutions, and infrastructure reshape the industry. We explore consolidation, corporate chains, brokerages, AI agents, and where value may ultimately accrue across crypto's evolving stack. Thanks for tuning in! – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave Follow Mike: https://twitter.com/MikeIppolito_ — Timestamps 00:00 Intro 02:37 The Final Bell Curve 05:49 Where Crypto Value Will Accrue 10:19 How AI Agents Reshape Crypto 15:19 Finance As Crypto’s Core Use 22:36 Brokerages Controlling Crypto? 29:13 Crypto Overbuilt Infrastructure 35:14 Will Corporate Chains Last? 40:05 Crypto's Regulatory Cycle 46:31 Crypto’s Netflix Moment 49:21 What Should Solana Become? 58:53 Crypto’s Broken Token Economy 01:02:19 Final Thoughts — Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, Myles, and Xavier sat down to discuss how crypto has changed over the past five years: regulatory clarity opening US markets, players moving up and down the stack, industry consolidation, defensibility challenges for startups, stablecoin chains, base layer neutrality, and what "winning" means through tokenized equity and earlier-stage access. Thanks for tuning in! – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://bit.ly/4exDM4U —- Timestamps (00:00) Introduction (03:03) What’s Changed For Crypto? (06:54) Moving Up & Down the Stack (11:00) US Opens the Floodgates (14:50) Defensibility Is Everything (25:21) Do Stablecoin Chains Work? (37:32) Will L1s Win Long Term? (45:16) Can Crypto Still Win? —-- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Myles and Xavier sat down to discuss the rise of SocialFi apps like Fomo following its $75M fundraise. They deep dive into the growth of attention apps, Collector Crypt and more. Enjoy! Thanks for tuning in! -- Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://bit.ly/4exDM4U -- Timestamps (00:00) Introduction (01:22) How Do Tokenized Cards Work? (17:34) Fomo Raises $75M At a $550M Valuation -- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, Myles, and Xavier sat down to discuss Anthropic's Fable rollout, and data-collection missteps as catalysts for renewed interest in decentralized AI. They discuss decentralized training, Nous Research, Venice's privacy model, the end of token maxing, upcoming crypto AI token launches, and evolving valuation frameworks across crypto and equities. Thanks for tuning in! Resources L1 Blockchain & AI Lab Comparison: https://x.com/AlokVasudev/status/2066964656598765909 – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://bit.ly/4exDM4U —- Timestamps (00:00) Introduction (04:18) Anthropic’s Fable (07:08) Decentralized AI (11:26) Why Open Source AI Matters (17:18) Censorship as Business Risk (22:02) DeAI Going Mainstream (28:00) Thoughts on Venice (33:29) Token Maxing (43:39) Will AI Tokens Return? —-- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

In this special episode, Blockworks announces its acquisition of Messari and unpacks what it means for crypto’s next phase. Michael and Jason explore why Messari’s breadth of data, APIs, and research complement Blockworks’ deep on-chain analytics, investor relations, and disclosure products. They also address crypto’s trust problem, the need for standardized data and disclosures, and how Blockworks aims to become the trusted data layer connecting issuers, investors, exchanges, regulators, and AI agents in on-chain markets. Learn more: https://blockworks.com/insights/blockworks-acquires-messari Follow Blockworks on X: https://x.com/Blockworks Follow Messari on X: https://x.com/MessariCrypto Follow Michael on X: https://x.com/MikeIppolito_ Follow Jason on X: https://x.com/JasonYanowitz

The institutions are coming, but not where most crypto investors expect. As Wall Street adopts blockchain technology, the biggest opportunities may be shifting from Bitcoin itself to the infrastructure, applications, and market structures reshaping finance. This week, we discuss the arrival of perpetual futures in the U.S., the stablecoin battle with traditional banks, and why crypto is increasingly forcing legacy financial institutions to adapt. We also explore Coinbase and Deribit, Hyperliquid’s regulatory path, the debate over tokenized deposits, Michael Saylor’s Bitcoin strategy, and whether macro risks could keep markets under pressure. Enjoy! TIMESTAMPS: (00:00) Intro (02:43) Where Institutions See Opportunity (11:31) Stablecoins vs Tokenized Deposits (26:55) Perps Finally Come Onshore (32:58) Are Perps Futures Or Swaps? (44:28) Coinbase Opens The Offshore Door (51:30) Can Strategy Actually Sell Bitcoin? (01:04:23) Is The Bitcoin Bottom In? (01:08:41) Will The Fed Hike Again? FOLLOW THE SHOW › Inflection Point – https://x.com/BWInflection › Marc – https://x.com/marcarjoon › Matt – https://x.com/Matt_Hougan › David – https://x.com/dlawant › Michael – https://x.com/marcryptonio › Blockworks – https://x.com/Blockworks EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Inflection Point is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, and Xavier sat down to discuss emerging optimism in crypto, NEAR's recent momentum, agent adoption timing, privacy use cases, competitive positioning, and long-term outlook. Thanks for tuning in! Resources Venice Usage: https://x.com/KyleSamani/status/2060498893444354270?s=20 – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave 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 —- Timestamps (00:000 Introduction (00:57) Optimism For Crypto (05:47) Thoughts on NEAR (11:31) Token Value Accrual (15:18) NEAR’s Agent Adoption (18:15) The Value of Privacy (22:57) NEAR’s Focus Problem (26:06) Sovereign Agents (30:23) Agents Onchain —-- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, Myles, and Xavier sat down to discuss whether crypto's current slump reflects genuine stagnation or healthy maturation. They also unpack AI's near-term impact on DeFi security, the shifting VC fundraising bar, stablecoins reshaping crypto’s original thesis, and the US embracing onchain finance. Thanks for tuning in! Resources David Hoffman: Why I Sold My ETH: https://x.com/TrustlessState/status/2059371247163613489?s=20 OpenZeppelin Co-Founder on DeFi Security: https://x.com/maraoz/status/2059413451265441990?s=20 – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave 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 —- Timestamps: (00:00) Introduction (02:40) Outlook on Crypto (10:22) Stablecoins Hurt L1s (15:47) The VC Bar Has Been Raised (20:17) Where’s the Creativity? (26:06) Crypto Needs More Coinbases (32:33) Crypto’s Maturation Phase (45:36) Closing Comments —-- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, and Myles  sat down to discuss the recent talent exodus from the Ethereum Foundation, and Ethereum's declining market share against Solana and Hyperliquid. They debate the revenue meta, Dankrad Feist’s proposal for an economically aligned organization, leadership tensions, and more. Thanks for tuning in! – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave 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 —- Timestamps (00:00) Introduction (02:31) ETH Foundation Talent Exodus (10:57) Saving Ethereum (15:00) Can ETH Win Without Price Appreciation? (19:41) Building on Ethereum (28:53) Ethereum’s Two Paths (32:29) Closing Comments —-- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, Myles, and Xavier sat down to discuss Circle's new Arc L1. They cover Arc's competition with Ethereum, Tempo, and Canton, token-versus-equity tensions, fee-based value accrual, US crypto momentum, and more. Thanks for tuning in! Resources Call your Senator: https://www.standwithcrypto.org/ Senate Banking Committee Passes CLARITY: https://x.com/BitcoinMagazine/status/2054968501861851383?s=20 Circle’s Arc: https://x.com/arc/status/2053852639943852178?s=20 – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave 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 —- Timestamps (00:00) Introduction (01:24) US Crypto Dominance (07:30) Circle’s Arc L1 (15:34) Leveraging USDC’s Distribution (21:14) Token vs Equity Tension (29:54) Where Does Value Come From? (40:50) Arc vs Tempo (47:32) Arc & Circle’s Challenge (50:35) Arc’s Sleeper Bull Case —-- Disclaimer: Nothing said on 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, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed