Wyatt sits down with Sandy Kaul, head of digital assets at Franklin Templeton, to cover Sandy's work with the CFTC and DTCC and creating sandboxes for onchain financial markets. In this episode:

• How wallets stand to become the hub of asset management
• Lasting policy for crypto
• Protecting consumers in an open financial system

Matt and Nic are back with another week of news and deals. In this episode:

• Wyoming releases a stabletoken “FRNT”
• Matt’s bear encounter
• Bowman and Waller’s speeches at Jackson Hole
• Eric Trump’s Bitcoin prediction
• Is there an example of a DAT that makes sense?
• Should DATs trade at a persistent premium?
• Figure is going public
• Bullish goes public
• Is Saylor cornered?
• Quintenz’ nomination
• The DoJ decriminalizes writing open source code
• Is Polymarket cooked?
• Does a trial by a jury of your peers make sense?

Content mentioned:

• Reducible Errors, Predicting our own demise

Wyatt sits down with the founders of Groom Lake. In this episode:

• How social engineering attacks are being used to exploit companies in crypto and beyond
• How companies can better protect themselves and be vigilant of these exploit attempts
• The future of cybersecurity software for crypto

Wyatt sits down with Luke Xie, cofounder of SatLayer for a conversation about Bitcoin yield. In this episode:

• What makes financial markets for BTC unique
• How BTC DeFi will evolve, in the backdrop of the broader macro environment
• DeFi vs CeFi financial systems for BTC

Matt and Nic return for another week of news and deals. In this episode:

• We review the DAT fine print
• Why being in power is sometimes the hardest part
• Stripe and Circle announce their own L1s
• We make the case for stablecoin L1s
• The irony in Stripe's L1
• What about a DAT of DATs?
• Bullish goes public
• Breakfast cereals
• Do Kwon pleads guilty
• BPI sends a letter to Congress complaining about stablecoin interest
• Can you prohibit stablecoin yield?
• Bo Hines steps down
• Bessent says the USG will not be buying Bitcoin
• Is monero being 51% attacked?

Content mentioned:

• BitMEX Research, Treasury Company Advisory Agreements
• Julie Hill, Governmental Debanking

We sit down with Huf Haus, founder of Pear Protocol. In this episode:

• What pair trading is, the benefits of Pear trading, and different strategies
• How to approach different market regimes from a trader's perspective
• Applying trading strategies to other asset classes

Nathan McCauley, the founder and CEO of Anchorage joins the show. In this episode we discuss:

• The passage of The Genius Act and the impact it will have on the digital asset industry.
• The launch of Anchorage’s white label stablecoin issuance platform.
• Anchorage Digital Prime and how the company is working with its customers on trade execution, lending and custody.
• The status of the market structure bill.
• The Roman Storm case.

To learn more about Anchorage visit their website. Follow Nathan on X.

See also:

• OTB 595: Nathan McCauley on the evolving banking and custody landscape

Matt and Nic are back for another week of news and deals. In this episode:

• What’s wrong with NYC?
• China bans Bitcoin for the 15th time
• Is China really lauching an RMB stablecoin?
• We dissect the Trump debanking EO
• OpenAI releases GPT5
• SEC: Liquid staking tokens are not securities
• Roman Storm is found guilty on one of three counts
• Hester Peirce’s speech on financial privacy
• How should we solve debanking?
• Will stablecoins replace bank wires?
• Is AI going to reveal the identity of Satoshi

Further reading:

• Hester Peirce, Peanut Butter & Watermelon: Financial Privacy in the Digital Age
• Nic on Substack, The Last Word on Stablecoins and Free Banking