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Degenerate Capital

Degenerate Capital Podcast

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Welcome to Degenerate Capital, where two amateur investors dive headfirst into the stock market without pretending to be Wall Street pros. We’re here to prove that you don’t need an MBA or a Bloomberg terminal to make smart moves—you just need curiosity, a little risk tolerance, and maybe a drink in hand. Each week, we break down big-picture events shaping the economy, micro trends impacting specific stocks and sectors, and one or two trades we think are worth exploring—whether it’s a long-t ...
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Bell Curve

Blockworks

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Bell Curve breaks down the most important themes in crypto for people who, like us, are confined to the middle of the bell curve. Each season explores a different thesis that we'll test and refine through debate with crypto's best. If you're a crypto native, degen or investooor, this podcast is for you. Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. ...
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Oh boy the markets went nuts this week and both Make Money Ben and Just Brewski have some great gains to talk about. We get into MARA, BROS, SOXL, and a little detour through Crypto including our new favorite MSTY. Oh, don’t worry we also have some epic losses to chat through including an ETH play and Make Money Ben’s stupid TSLA trade. They’re not…
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In this episode, we’re joined by Austin Federa and Mateo Ward to dive into DoubleZero! They explain why bandwidth—not compute—is the real blockchain bottleneck, and how DoubleZero addresses it. We also cover validator economics, token incentives, critiques on DePIN, performance benchmarks, and plans for Solana and beyond. Thanks for tuning in! As a…
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In this episode, we break down Ethereum’s momentum in DeFi, and its sustained institutional adoption. We also discuss Ethereum’s finance-first identity versus Solana’s consumer focus, and explore how emerging funding models and regulatory shifts are reshaping the venture landscape.Thanks for tuning in! -- Arkham is a crypto exchange and a blockchai…
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In this episode, we sat down with Jeff Yan, Co-founder of Hyperliquid, to discuss Hyperliquid’s origins, their decision to build an L1, and the architecture behind Hyperliquid. We also discuss MEV mitigation, builder deployed perps, and balancing vertical integration with ecosystem growth. Thanks for tuning in! -- Resources Priority Is All You Need…
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Gm! This week we're back with another weekly roundup. We deep dive into Solana;s recent bug fix, Ethereum's big pivot, how to build the most performant L1 & more. Enjoy! -- Follow Mert: https://x.com/0xMert_ Follow Jack: https://x.com/whosknave Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe to the Lightspeed Newsletter: https://bl…
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Its been a pretty good week in the markets and its time for a victory lap. If you’ve been listening and trading along you made a ton of money today on EVGO. What? You didn’t trade along? That’s ok, Make Money Ben didn’t either and he’s crying poor while Just Brewski is ringing the register. We also talk about some of our favorite operators - Bob Ig…
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In this episode, we’re joined by Robert Leshner, CEO of Superstate, and Hasu to explore the next phase of DeFi! They discuss the trend of vertical integration in DeFi, the influx of institutional users, and stablecoin designs. Finally, they close out the episode with their thoughts on the true value proposition of DeFi. Thanks for tuning in! -- Led…
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In this episode, we discuss the U.S. Treasury’s stablecoin report, San Francisco’s tech resurgence, Ethereum’s strategic repositioning, and the rapid growth of stablecoins. We also cover Ripple’s acquisition strategy, transparency challenges in crypto, Unto Labs, and Vitalik’s proposal to replace the EVM with RISC-V. Thanks for tuning in! -- Resour…
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Join Just Brewski and Make Money Ben as they talk about 2 core investing beliefs: Believe in the Company OR Believe in the Believers - both can make you money. This Episode goes deep - we talk Tesla, Microstrategy, SOFI, and a little dollar stock that's doing some pirate stuff. Come hang, its a fun one.…
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In this episode, Bell Curve kicks off its new season with Mippo and monetsupply outlining the major DeFi themes they’ll be exploring. They dive into institutional adoption of DeFi, the increasing vertical integration by leading DeFi players, stablecoins and real-world assets, and the growing financialization of crypto, setting the stage for our bes…
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In this episode, Santi joins us to break down current crypto market sentiment, crypto valuation frameworks, and the evolving challenges of utilizing onchain data. We also debate Zora’s token launch, the future of creator economies, and whether crypto can disrupt traditional media and content platforms.Thanks for tuning in! -- Resources Chopping Blo…
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Well its been yet another week when liberation sure feels like liquidation. Despite the ups and downs we are still finding pockets of opportunity and Ben and Brewski think it might be in LEAPs - long term options. Join us as we try to figure it all out.By Degenerate Capital Podcast
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In this episode, we’re joined by Guy Young , Founder at Ethena Labs, to discuss the rapid growth of USDe, the design of their new products like USDtb, and the launch of Converge and Ethereal. He shares insights on stablecoin infrastructure, institutional adoption, risk management, and Ethena’s broader vision to bridge DeFi with TradFi. Thanks for t…
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In this episode, we’re joined by Santi from Empire! We discuss today’s crypto market conditions, stablecoin proliferation, and how long-term allocators are accumulating Bitcoin. We also touch on crypto’s data and transparency issues, and the valuation of L1s before wrapping with speculation on alien life. Thanks for tuning in! -- Resources Solana D…
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After one of the biggest gains in the history of the stock market it feels like we are in the eye of the storm. How long will the calm last? Are we headed to a recession? We try to figure it all out while trying to not lose all of our money. Come hang out, we got theories and not a lot of answers but at least it's entertaining.…
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In this episode, we’re joined by Paul Faecks, the Founder of Plasma, and Zaheer of Split Capital, to discuss Plasma, a blockchain focused solely on providing stablecoin infrastructure. We dive into why general-purpose chains aren’t optimized for stablecoin settlement, Plasma’s architecture and how they will mitigate spam, and the broader implicatio…
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In this episode, we discuss the market’s reaction to Trump’s tariff pivots, global trade tensions, and where stablecoins fit into all of it. We also explore the potential of crypto as the last truly global market, and why we believe the IPO & TGE window has closed. Thanks for tuning in! -- Arkham is a crypto exchange and a blockchain analytics plat…
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In this week's episode, we’re joined by A.J. Warner, CSO at Offchain Labs, to discuss his bold vision for Arbitrum as a “digital sovereign nation.” We explore key differences between L1s and L2s, Arbitrum’s business model, capital allocation strategies, and how the new OpCo structure will drive governance and operational efficiency. Enjoy! -- Resou…
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The Stock Market has crashed, we are in a recession, and there are very few areas that are working in the market. Come hang with us as we talk about margin calls and how Bitcoin has become a great leading indicator to a crashing market. Come listen, its better than losing money!By Degenerate Capital Podcast
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In this episode, we break down Trump’s proposed tariffs, their impact on global trade, and how markets are responding. We also explore Circle’s IPO filing, stablecoin economics, distribution partner incentives, and whether stablecoins could disrupt traditional banking. The conversation wraps with insights into token launch strategy and timing. Than…
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April 1, 2025 - Its Liberation Day and we are trying to find stocks not getting hammered by the Trump Slump. We talk through Meta, Biotechs, Walmart, and the craziness of NewsMax. Come hang out while we try to make a little money. Disclaimer: The information provided in this podcast is for general informational purposes only and should not be const…
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In this episode, we’re joined by Jacob Horne, Co-founder and CEO of Zora, to unpack the platform’s journey thus far. We explore tokenized media, royalty models, and how crypto enables a new internet economy where content, attention, and value converge. We also dive into Zora’s design, and features they’re looking to add next. Thanks for tuning in! …
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In this episode, we dive into the institutional adoption of crypto, stablecoin innovation, the implications of the GENIUS Act, and recent market drama involving Hyperliquid. We also explore the tough state of venture capital, and M&A activity in crypto. Thanks for tuning in! -- Resources Hyperliquid’s Resolution: https://x.com/HyperliquidX/status/1…
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In this episode, Pascal Gauthier, CEO of Ledger, joins us live at DAS 2025 to discuss the future of institutional crypto custody, the tension between decentralization and regulation, and why privacy is the key issue for the next era of digital finance. Thanks for tuning in! -- Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use C…
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In this episode, we explore the evolution of blockchain and smart contract platforms over the past 15 years with Yves La Rose, CEO of the EOS Network Foundation. The discussion covers EOS's transformation into Volta, the rise of institutional capital in crypto, Bitcoin scaling solutions, and the competitive landscape among L1 blockchains. Yves also…
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In this episode, we explore the transition from institutional resistance to adoption in crypto markets. David Mercer of LMAX Group discusses the convergence of TradFi and digital assets, the role of credit in unlocking institutional capital, and the need for clearer market structures. Thanks for tuning in! -- Aries Markets is the largest lending pr…
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Gm! This week Mike joins the Empire podcast to discuss our takeaways from DAS New York 2025. We deep dive into the growth of stablecoins & RWAs, what the institutions are focusing on, the future of crypto exchanges, who is best positioned going into 2025 & much more. Enjoy! -- Follow Mike: https://x.com/MikeIppolito_ Follow Jason: https://twitter.c…
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We’re coming to you live from DAS! This week's Roundup covers key trends in stablecoins, and RWAs. We discuss Sky’s billion-dollar allocation into tokenized T-bills, its aggressive buyback strategy, and the evolving stablecoin market. The conversation also touches on institutional vs. retail sentiment, the impact of stablecoin yield mechanisms, and…
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In this episode, we dive into L1 governance! We discuss the implications of SIMD-228, validator voting structures, and comparisons with Ethereum, Cosmos, and Bitcoin governance. We debate whether decentralization inherently leads to better decision-making, and analyze the role of foundations, token holders, and validators in shaping networks. Final…
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In this episode, we cover Trump's tariff strategy, correlations between TradFi and DeFi yields, and stablecoin growth. We also discuss Binance's $2B investment from Abu Dhabi’s MGX, and the implications of Trump's Digital Asset Summit. Additionally, we explore the changing psychology of crypto cycles, the challenges of building in bear markets, and…
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March 11, 2025. Wow, its been a week. Tariffs have thrown the market out of whack and we are trying to find a bottom. Are there deals to be made? Is this a buying moment? Today we talk about DraftKings (DKNG), Celsius (CELH), RInemehtah (RNMBY), and of course, MSTR!. Also, will Brewski talk Ben into buy Rivian? Find out! Disclaimer: The information…
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In this episode, we’re joined by Joshua Tobkin, co-founder and CEO of Supra, to discuss Supra’s vertically integrated design, which combines smart contracts, native oracles, cross-chain communication, on-chain randomness, and native automation. The conversation also covers automation as a revenue model, MEV mitigation strategies, and the platform’s…
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In this episode, we discuss our takeaways from ETHDenver, macro trends impacting crypto, and the role of regulation in shaping 2025. We also analyze Aave’s buyback program, Ethereum Foundation leadership changes, and the Trump administration’s evolving stance on crypto. Thanks for tuning in! Resources Aavenomics Implementation: Part One: https://x.…
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March 4, 2025. Its episode 3 and we’re coming right out of Trumps speech to congress. Tariffs have hit and we are trying to make heads or tails of an insane market. As always, we’ve got a lot to talk about including Bitcoin bros, Meta, RocketLabs, Sofi, and Microstrategy. We also go deep into history with the Smoot-Hawley act. Its like school but m…
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Subscribe to Supply Shock on Apple: https://apple.co/3DjQFQf Subscribe to Supply Shock on Spotify: https://spoti.fi/3QJXoWL Subscribe to Supply Shock on YouTube: https://bit.ly/4bA10o4 -- In this episode, Dennis Porter of Satoshi Action Fund joins the show to discuss Trump's crypto reserve announcement, the states fighting to become the first to bu…
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In this episode, the Roundup crew got together to record at ETHDenver! They dive into current market sentiment, and the impact of major institutions like Citadel and Bank of America entering the space. The conversation covers the resurgence of fundamentals, the role of buybacks, and the potential trillion-dollar future of stablecoins. They also bre…
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We’re back for Episode 2 - and wow it's been a week - so we have a ton to chat about. In today’s episode Ben and Brewksi talk about an amazing Celsius (CELH) trade, Nvidia (NVDA) upcoming earnings, Bitcoin, a TSLA short (yep, we are ready for the hate), and those HIMS earnings. Brewski walks us through his Microstrategy (MSTR) trade and Ben chats t…
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In this episode, we’re joined by Proph3t from MetaDAO to discuss the concept of futarchy! We dive into what it is, addressing manipulation concerns, and how to attract liquidity. We also discuss the line between prediction markets and futarchy, historical criticism of futarchy, and where it intersects with crypto. Finally, we end the episode by unp…
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Its our first episode! Get to know Ben and Brewski and listen to their yarns of how they got into investing. In this episode we talk about some of our fundamental rules and philosophies of how we navigate the stock market. Got some good stories in this one! Disclaimer: The information provided in this podcast is for general informational purposes o…
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In this episode, we’re joined by Berachain Co-founder Smokey to discuss all things Berachain. We dive into Berachain's dual token model, reflexivity in the Berachain ecosystem, and HONEY’s role on Berachain. We also unpacked the idea of Founder Mode, and Berachain’s BD methods. Finally, we asked Smokey what’s next for Berachain? Thanks for tuning i…
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In this week's roundup, the Roundup crew discusses the launch of Unichain, Succinct’s Prover Network testnet, and the economics of being a prover. Additionally, they “A Crisis of Trust”, and how ZKPs can be applied outside of crypto. Finally, they end the episode with discussion on BOLD and fault proofs. Enjoy! -- Resources Succinct’s Prover Networ…
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In this episode, we’re joined by Jesse Walden and Austin Adams to discuss the DEX landscape today, vertical integration in DeFi, and DEX market share growth. We also dove into Doppler’s design, and why it’s being launched as a Uniswap v4 hook. Finally, we talked about Pure Markets, DEX design trends, and progressive decentralization. Thanks for tun…
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In this episode, we’re joined by Konstatin Lomashuk and Hasu to discuss Lido v3! We covered liquid staking today, Lido v3’s marketplace model, and the fungibility of stETH. We also unpacked what institutional stakers need, and how Lido v3 makes it possible. Finally, we discussed how Lido is approaching BD, and structured products. Thanks for tuning…
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In this episode, Mippo and Vance discuss the recent market volatility, the Sky ecosystem, and MicroStrategy’s rebrand. They also discuss crypto onboarding, the launch of Berachain, and Tether’s dominance in the stablecoin sector. Thanks for tuning in! -- Resources Sky Ecosystem Dashboard: https://info.sky.money/ DeFi Yield Sources with Guy Young & …
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This week, we discuss crypto's liquidation event over the weekend and how to trade the upcoming week. We deep dive into the weak performance of altcoins, Bitcoin's role in a multipolar world, shorting in this market environment & more. Enjoy! -- Go follow the new 1000x feed to keep up to date with all new episodes! Spotify: https://blckwrks.co/3WAD…
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In this episode, we’re joined by Austin Adams, Jim Parillo, and Myles O’Neil to discuss PumpFun, the enduring memecoin phenomenon, and DEX models! They also cover capital formation, publisher exchanges, and deriving value for content creators. Thanks for tuning in! -- Resources Bell Curve Season 6: https://youtube.com/playlist?list=PL6TA5PBj6svs5C6…
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In this episode, Michael and Mippo discuss DeepSeek’s impact on the markets, the crypto x AI narrative, and the dispersion of returns in this cycle. They also discuss DEX market share growth, and the launch of the JellyJelly token. Finally, they end the episode by giving their thoughts on Jerome Powell’s recent comments, and how banks are positione…
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In this episode, Guy Young and Sam MacPherson joined us to discuss the sources of yield in DeFi! We covered the current yield sources today, how these change across cycles, and the growth of RWAs. Additionally, we unpacked the stablecoin market today, the market share of yield-bearing stablecoins, and the relationship between Ethena and Spark. Fina…
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This week's roundup covers Trump token phenomenon and its implications for blockchain infrastructure, including analysis of Solana's performance under stress and its competition with Ethereum's rollup ecosystem. We then explore Ethereum Foundation's cultural challenges and potential reforms, including the possibility of a second foundation. To clos…
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