Bits + Bips

Robinhood's Tokenized AMC Shares Spark a Fight Over What Stock Tokens Really Are

AMC's CEO says Robinhood's stock tokens are vile. Austin, Chris, and Ram break down what these tokens actually are, and whether the outrage holds up. Sponsor ⁠⁠⁠⁠⁠⁠⁠⁠⁠

Why the Kalshi-Nevada Ruling Could Land at the Supreme Court

Kalshi's Andy Ross joins the panel to argue that a Ninth Circuit ruling against the exchange might actually help its case at the Supreme Court. Sponsor ⁠⁠⁠⁠⁠⁠⁠Visit 1i

CME vs. Kalshi. Is Washington Picking a Winner in Prediction Markets?

CME's Terry Duffy and Kalshi traded public insults over prediction markets. Ram, Austin, Chris, and Bitwise's Gordon Grant break down who's winning. Sponsor ⁠⁠⁠⁠⁠Visit

New US Rules Could Force Coinbase to Delist Tether

A new presidential memo lets private firms hack foreign cybercriminals — a plan Chris Perkins helped pitch. Plus a Trump-family bank charter and a rule that could push Te

A Technical Strategist Sees Opportunity in Bitcoin's Quiet Market

Bitcoin's barely budged in weeks, but Katie Stockton says the charts are flashing a long-term oversold signal that has preceded past turnarounds. Sponsors ⁠⁠⁠Cape⁠⁠⁠:

Why an Ethereum Proposal to Zero Out Staking Yield Sparked a Revolt

An Ethereum proposal to zero out staking yield has the community in revolt. Seth Ginns of Franklin Crypto weighs in on whether it solves a real problem. Plus, the Clarity

Chinese AI Models Are Defending Bitcoin Wallets Because US Models Won't

Galaxy Digital's Alex Thorn joins Austin, Ram, and Chris on the Coldcard firmware bug that's drained over $100M from cold storage — plus why the researchers chasing the n

Why Wall Street's AI Earnings Verdict Split Meta From Microsoft

Meta fell 10% on its CapEx guidance. Microsoft didn't move. Franklin Templeton's Chris Galipeau looks past the divergence to say that the AI trade isn't over, and lays ou

Why RWAs Just Out-Traded Crypto on Hyperliquid for the First Time

Lorenzo Valente of ARK Invest joins Austin, Ram, and Chris on why real-world assets just out-traded crypto on Hyperliquid for the first time — plus what Jensen Huang's fi

Why Bitcoin's Vol Index Is Already Pricing In the Odds of the Clarity Act Passing

Cole Kennelly says Bitcoin's volatility index is already pricing in the Clarity Act, weeks before the Senate even votes on it. Sponsors ⁠Cape⁠: Your biggest crypto vul

Stripe Bid $53B for PayPal: Who Actually Wins Stablecoin Payments?

Cyclops founder Alex Wilson on why PayPal 'chose to fail' at stablecoins, and what Stripe's $53 billion bid really means for the payment wars. Plus: the Clarity Act's las

Bitcoin and ETH Are Up. But This Crypto Rally Still Lacks Conviction.

Crypto just had its best week in months. GSR's Andy Baehr explains why he is not calling it a real rally yet, and what would actually change his mind. Sponsors Cape: Y

How China May Be Interfering in Local US Politics to Block AI Data Center Progress

Sam Lyman says a Shanghai-based network is quietly blocking billions in AI data centers. Austin, Ram, and Chris also debate Clarity odds and stablecoins. --- Thank you

Why Any DeFi Protocol 'Lives and Dies by Its Oracle' and How to Strengthen Them

From inventing DeFi's first oracle at MakerDAO to auditing BlackRock's tokenized billions, Niklas Kunkel maps the hidden plumbing behind the RWA boom. Sponsors Cape: Y

Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now?: Bits + Bips

Strategy sold $216M more Bitcoin. Ram, Austin, and Chris ask if Saylor's now a recurring seller, and whether tokens can ever coexist with equity. Plus: the stablecoin war

Anchorage’s David Lawant Explains Why Bitcoin's Options Market Isn't Panicking: Bits + Bips

Fear and greed says panic. The options market says something else. David Lawant of Anchorage Digital walks through the signals that matter right now. Sponsors Fidelit

Why Bitcoin May Not Run Until Saylor "Gets Blown Up": Bits + Bips

Bitcoin logged its worst ETF month on record, and the hosts debate whether Strategy has become the marginal seller dragging the whole market down. --- Thank you to our

Why a Perp Exchange Asked Carmen Li to Make a Market in Her Own Index

Carmen Li is bringing GPU futures to the CME while crypto perp venues court her index. She lays out which financial wrappers actually fit which assets. Sponsors Fidel

Why You No Longer Have to Choose Between TradFi and Crypto

Coinbase is tokenizing US stocks for the rest of the world — but what makes a token 'real,' and who owns it? Plus: the AI trade wobbles and the CME sues its own regulator

The Fed Is Turning Hawkish. What Does That Mean for Bitcoin and Strategy?

The Fed dropped its easing bias and half the FOMC penciled in rate hikes. Zach Pandl on what Kevin Warsh's first meeting means for Bitcoin, gold, and Strategy. Sponsors