Solana vs. Bitcoin: Why Pantera Capital is All In | Paul Veradittakit

Crypto’s next chapter isn’t a shinier coin—it’s invisible rails. In this episode, we sit down with Aryan Sheikhalian, Research Lead at CMT Digital, to unpack the shift from “crypto as an asset” to crypto as infrastructure: 24/7 markets, instant clearing and settlement, and new structured products that couldn’t exist before. We talk about tokenized equities (wrappers vs. native tokenization and why dividends/governance matter), how identity layers and ZK proofs unlock mainstream distribution through banks and fintechs, and where regulation is pushing builders toward partnerships and licensed rails.Chapters00:00 Hook: crypto as infrastructure, not asset01:15 Guest intro and research focus02:06 Incentives, psychology, and mechanism design04:03 ICO lessons, maturity, and red flags07:09 CMT Digital’s thesis and “strictly better”10:27 Tokenized equities drivers and demand13:40 Wrappers vs native: dividends, governance16:06 Fintech rails, velocity, cost efficiency18:26 Banks, distribution, and competitive incentives20:29 New assets: GPUs, data, energy tokens23:23 Identity layers and ZK proofs for scale25:55 State of crypto VC and fund trends27:51 Overlooked sectors: DePIN and decentralized data31:26 Prediction markets and resolution design34:18 Regulation, licenses, and partnerships39:45 Market outlook: TVL, stables, volatility42:45 Founder advice: conviction and user focus

In this episode of The Defiant Podcast, we sit down with Paul Veradittakit, Managing Partner at Pantera Capital, to discuss the explosive growth of Solana, the future of stablecoins, and the evolution of digital asset treasury companies. Paul shares insights on Pantera's $1.2 billion Solana fund, the role of institutional capital in this crypto cycle, and why he believes Solana is poised to outperform Bitcoin and Ethereum. Tune in for a look into the next wave of blockchain innovation, from payments to gaming and beyond.Chapters00:00 - Introduction to stablecoins as a practical store of value01:00 - Guest introduction: Paul Veradittakit of Pantera Capital01:37 - Pantera’s $1.2 billion Solana fund: Why Solana?02:36 - Evolution of digital asset treasury companies04:13 - Pantera’s bullish stance on Solana: Technology and adoption06:03 - Investment strategies for single-asset treasury companies08:30 - Managing Solana in Helios: Staking, DeFi, and M&A10:35 - Addressing Solana’s decentralization and downtime concerns12:22 - Meme coins and their role in Solana’s ecosystem18:18 - Stablecoins: A growing demand in Latin America20:01 - Future use cases for Solana: Payments, AI, and Deepin23:00 - The rise of specialized blockchains for vertical use cases26:17 - Stablecoins as a payments hub: Key players to watch28:14 - Altcoins’ potential to outperform Bitcoin in this cycle33:15 - Crypto gaming: The underestimated vertical35:37 - Closing thoughts: Solana’s future and Pantera’s vision

In this episode of The Defiant Podcast, we sit down with Ben Nadareski, CEO and Co-Founder of Solstice Labs, to explore DeFi on Solana and why it’s becoming a magnet for institutional adoption. Ben shares how Solstice Labs is pioneering permissionless, institutional-grade yield strategies and launching the US token, a fully collateralized stablecoin designed to unlock new levels of trust and scalability in DeFi.We dive into Solana’s unique advantages—speed, low costs, and composability—and how it’s shaking off its “meme chain” reputation to emerge as a serious contender in the blockchain space. Ben also addresses the challenges of scaling trust in crypto, the rise of yield-bearing stablecoins, and how DeFi is empowering users in emerging markets.We also tackle: How can Solana maintain its edge in a crowded blockchain market? What’s being done to address past network outages? And how can regulation strike the right balance between protecting users and fostering innovation?Chapters00:00 – Scaling Trust in Crypto00:22 – Solana’s DeFi Momentum01:16 – Why Solana Stands Out03:43 – From Meme Chain to DeFi Leader05:57 – The Rise of Yield-Bearing Stablecoins08:01 – Regulation and Trust in DeFi12:45 – Solstice Labs and the US Token18:19 – DeFi’s Role in Emerging Markets25:13 – The Future of DeFi on Solana33:08 – Building a Transparent and Scalable DeFi Ecosystem

In this episode of The Defiant Podcast, we sit down with Eli Ben-Sasson, co-founder and CEO of StarkWare, to explore how StarkNet is revolutionizing blockchain scalability with ZK proofs. From Bitcoin staking to the creation of an "integrity web," Eli shares groundbreaking insights into the future of decentralized finance, Bitcoin's execution layer, and the role of StarkNet in shaping the blockchain ecosystem. Tune in to discover how StarkNet is leading the charge in decentralization, scalability, and innovation.Chapters00:00 – Introduction to Eli Ben-Sasson & StarkWare00:24 – StarkNet’s mission: Scaling blockchain with ZK proofs01:30 – StarkWare’s achievements: $8B valuation & global impact03:22 – BTC Phi: Bitcoin staking & $100M incentive program07:05 – How Bitcoin staking works on StarkNet17:11 – StarkNet as Bitcoin’s execution layer: The vision27:21 – Verifying Bitcoin headers in milliseconds: A breakthrough41:02 – StarkNet’s role in the "integrity web"49:51 – Why corporate chains won’t work in crypto51:53 – Closing thoughts: Decentralization, scale, and the future

In this episode of The Defiant Podcast, we sit down with Eli Ben-Sasson, co-founder and CEO of StarkWare, to explore how StarkNet is revolutionizing blockchain scalability with ZK proofs. From Bitcoin staking to the creation of an "integrity web," Eli shares groundbreaking insights into the future of decentralized finance, Bitcoin's execution layer, and the role of StarkNet in shaping the blockchain ecosystem. Tune in to discover how StarkNet is leading the charge in decentralization, scalability, and innovation.Chapters00:00 – Introduction to Eli Ben-Sasson & StarkWare00:24 – StarkNet’s mission: Scaling blockchain with ZK proofs01:30 – StarkWare’s achievements: $8B valuation & global impact03:22 – BTC Phi: Bitcoin staking & $100M incentive program07:05 – How Bitcoin staking works on StarkNet17:11 – StarkNet as Bitcoin’s execution layer: The vision27:21 – Verifying Bitcoin headers in milliseconds: A breakthrough41:02 – StarkNet’s role in the "integrity web"49:51 – Why corporate chains won’t work in crypto51:53 – Closing thoughts: Decentralization, scale, and the future

Why did Game Square, the Jerry Jones-backed media powerhouse, bet $100 million on Ethereum instead of Bitcoin? In this episode of The DeFiant Podcast, Vinny sits down with crypto pioneer Ryan Zurrer to explore the strategy behind this bold move. Ryan, who co-wrote the MakerDAO whitepaper and now leads Dialectic, shares why Ethereum dominates 5 out of 6 real-world crypto use cases, from stablecoins to DeFi, and how it’s emerging as the financial substrate of the future. Learn how Game Square is leveraging Ethereum’s programmability to earn yields of up to 14% and why this strategy could set a new standard for corporate crypto adoption.The conversation dives deep into the evolution of DeFi, the lessons learned from past crypto cycles, and the importance of decentralization and fair launches in building sustainable ecosystems. Ryan also shares insights into Dialectic’s automated DeFi machine, which uses hyper-diversification and risk-adjusted strategies to maximize returns.Chapters00:00 - Litmus Test for Crypto Projects00:28 - MakerDAO and Stablecoin Innovation01:23 - Game Square’s $100M Ethereum Bet02:32 - Ethereum’s Real-World Dominance05:09 - Dialectic’s DeFi Machine06:12 - Compounding Yields with Ethereum10:01 - Lessons from Crypto History16:01 - The Evolution of Crypto Governance28:02 - Polkadot’s Interoperability Vision40:00 - Ethereum as the Corporate Crypto Blueprint

In this episode of The Defiant Podcast, Paul Faecks, CEO of Plasma Chain, discusses the platform’s approach to stablecoin payments and its potential to reshape global financial infrastructure. From gasless USD transfers to a $2 billion liquidity launch, Paul explains how Plasma Chain plans to compete with established players like Tron and Ethereum while focusing on emerging markets and decentralization. The conversation also touches on regulatory challenges, partnerships with Tether and Binance, and the broader future of stablecoins.Chapters:00:00 – The role of DeFi in stablecoin chains00:30 – Why subsidizing gasless transfers makes sense00:58 – Meet Paul Faecks and Plasma Chain01:26 – From poker to crypto: Paul’s journey02:28 – The vision behind Plasma and Tether’s involvement03:00 – Stablecoins as a $1 trillion market opportunity05:21 – Plasma’s technical innovations: Gasless USD transfers07:19 – Why USDt is prioritized on Plasma09:22 – Building a sustainable DeFi ecosystem12:31 – $2 billion in stablecoin liquidity at launch15:22 – Navigating regulations and the Genius Act19:22 – The future of stablecoin payments globally21:02 – Emerging markets as the biggest opportunity26:23 – Plasma’s path to decentralization39:02 – Launch timeline and ecosystem readiness

Stablecoins are no longer just a buzzword—they’re transforming the way the world moves money. In this episode of The Defiant Podcast, we sit down with Reeve Collins, co-founder of Tether, co-founder of WeFi, and chairman at STBL, to explore the groundbreaking evolution of stablecoins.From their early days as a simple payment solution to their role in reshaping global finance, Reeve shares insider insights on how stablecoins are building trust, driving financial inclusion, and securing the future of money.We’ll dive into:✅ The origins of stablecoins and their $246 billion impact✅ How stablecoins are revolutionizing cross-border payments and DeFi✅ The rise of Stablecoins 2.0 and what it means for users✅ Why major players like Visa and JPMorgan are entering the spaceChapters:00:00 - Introduction: Stablecoins and their impact00:51 - Meet Reeve Collins: A Web3 trailblazer01:34 - The origin of stablecoins: Tokenizing the US dollar02:58 - Stablecoins today: A $246 billion industry05:17 - The rise of Stablecoins 2.007:45 - Yield-bearing stablecoins: User benefits explained10:01 - Tokenized assets in 401(k)s and traditional finance12:28 - Major players entering the stablecoin space14:04 - How stablecoins are transforming banking17:10 - Blockchain’s promise: Removing the middleman19:06 - Financial inclusion through decentralized banking22:55 - Mobile-first, wallet-native financial solutions25:27 - Building trust in underserved communities28:16 - Stablecoins 2.0: Transparency and compliance38:13 - Mass adoption: Public companies and crypto treasuries40:27 - Closing thoughts: The future of blockchain🔔 Don’t forget to like, comment, and subscribe for more deep dives into the world of Web3, blockchain, and decentralized finance!

In this episode of The Defiant Podcast, we sit down with Joseph Onorati, CEO of DeFi Development Corp, the second-largest Solana treasury company. Joseph shares the journey of transforming DeFi Development Corp into a Solana-focused treasury powerhouse, their innovative yield strategies, and why Solana's volatility and native yield make it a compelling treasury asset. We also dive into the broader case for crypto treasury companies, the risks and rewards of staking strategies, and the future of Solana in the blockchain ecosystem. Plus, Joseph shares his bold prediction: Solana flipping Ethereum by market cap. Tune in for a deep dive into the intersection of DeFi, treasury management, and the Solana ecosystem.Chapters00:00:00 Why Solana as a Treasury Asset?00:00:41 Volatility, Convertible Debt, and Cost of Capital00:01:20 Introducing Joseph and DeFi Development Corp00:02:10 The Evolution of DeFi Development Corp00:03:56 Staking, Validators, and Yield Strategies00:05:40 Breaking Down Solana Yield Strategies00:10:10 Risks in Staking and Looping Strategies00:12:03 The Case for Crypto Treasury Companies00:15:03 Solana Per Share Growth and Fundraising Flywheels00:20:02 Challenges with NAV Premium Compression00:27:16 Solana’s Market Share in Treasury Companies00:30:00 ETFs and Their Impact on Crypto Treasuries00:36:01 The Future of Public Market Crypto Instruments00:46:14 Risks and Controversies in Crypto Treasuries00:54:16 Locked Solana and OTC Markets01:06:15 DeFi Development Corp’s Treasury Accelerator Program01:08:09 Bull Case for Solana and Price Predictions

In this episode of The Defiant Podcast, we sit down with Fakhul Miah, Managing Director of GoMining Institutional and former Morgan Stanley executive, to explore the rapidly evolving world of Bitcoin mining in 2025.From the rise of AI hyperscalers competing for energy resources to the financial engineering transforming miners into sophisticated operators, this conversation dives deep into the challenges and opportunities shaping the future of the industry.Key topics covered:Why AI is Bitcoin mining’s most aggressive new competitorHow miners are evolving with BTC-backed loans and convertible notesThe shifting geopolitics of mining: U.S. vs. Latin America and AfricaWhat $100B in Bitcoin ETFs and sovereign reserves mean for adoptionThe big picture: Bitcoin mining’s transformation into a global infrastructure industryWhether you’re a crypto enthusiast, investor, or just curious about the intersection of technology, energy, and finance, this episode is packed with insights you won’t want to miss.Chapters:00:00 Introduction: Bitcoin Mining Faces a New Kind of Competition00:45 GoMining’s Role in Tokenized Bitcoin Mining02:43 The Rise of AI Hyperscalers and Energy Market Disruption03:15 Bitcoin Mining’s Flexibility vs. AI’s Energy Demands06:15 Why AI Is a Formidable Competitor for Miners08:09 The Power Struggle: Bitcoin Mining’s Future Amid AI Growth09:02 Financial Engineering: How Miners Are Avoiding Liquidation12:11 The Evolution of Bitcoin Mining into a Balance Sheet Business16:57 Shifting Geopolitics: Latin America and Africa’s Mining Rise20:36 U.S. Mining Dominance: Can It Adapt to Stay on Top?24:50 Institutional Adoption: $100B in ETFs and Sovereign Reserves28:40 Bitcoin’s Next Phase: Stability, Risks, and Financialization31:10 Bitcoin as Digital Gold vs. Everyday Currency34:51 The Role of Institutions and Whales in Bitcoin’s Future37:00 The Big Picture: Bitcoin Mining’s Transformation by 203039:29 What Miners, Investors, and Policymakers Should Focus On42:35 Closing Thoughts: GoMining’s Vision and What’s Next📖 Learn more:Explore GoMining’s H1 2025 Bitcoin Mining Market Review: [https://institutional.gomining.com/]