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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DeFi’s Next Frontier: Institutional Capital Meets DeFi | monetsupply | S9 E1
1:23:19
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1:23:19In 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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Zora and the Future of Crypto Media | Weekly Roundup
1:05:15
1:05:15
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1:05:15In 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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0xResearch Cross-Post: How Ethena is Redefining Digital Finance | Guy Young
48:32
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48:32In 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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Beyond the Hype: Crypto’s Next Phase | Roundup
1:05:27
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1:05:27In 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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0xResearch Cross-Post: Building the Future of Global Payments | Paul & Zaheer
1:05:24
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1:05:24In 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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Crypto is the Last Truly Global Market | Roundup
1:07:19
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1:07:19In 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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Expansion Cross-Post: Arbitrum’s Future as a Digital Sovereign Nation | AJ Warner
1:04:33
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1:04:33In 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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Stablecoins at Scale: Circle’s IPO, Stablecoin Legislation, and Competing With Banks | Roundup
1:05:17
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1:05:17In 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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How Zora is Redefining the Creator Economy | Jacob Horne
1:00:29
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1:00:29In 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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Institutional Adoption in Crypto: From Narrative to Reality | Roundup
1:12:40
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1:12:40In 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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What’s Wrong with Crypto Custody & How to Fix It | Live From DAS
21:42
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21:42In 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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The Foundation for Banking’s Next Evolution | Live From DAS
20:52
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20:52In 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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Headwinds to Tailwinds: The New Era for Institutional Crypto | Live From DAS
23:32
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23:32In 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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Live From DAS: Where is the Stablecoin Market Headed? | Roundup
22:46
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22:46We’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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Deep Dive: L1 Governance Today | Cooper Kunz, Jim Parillo, and Myles O’Neil
1:15:38
1:15:38
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1:15:38In 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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Crypto’s Next Chapter: Who Thrives and Who Folds? | Roundup
50:20
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50:20In 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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Deep Dive: Supra’s Vision and the Rise of Automatic DeFi | Joshua Tobkin
59:17
59:17
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59:17In 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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Macro Trends, Trump’s Evolving Crypto Strategy, and Aave’s New Proposal | Roundup
58:19
58:19
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58:19In 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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Supply Shock Cross-Post: Trump vs Utah: The First To Buy Bitcoin | Dennis Porter
57:03
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57:03Subscribe 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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Crypto’s Market Reset: What Comes Next? | Roundup
1:01:49
1:01:49
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1:01:49In 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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Futarchy Deep Dive: Can Markets Make Better Decisions? | Proph3t
55:33
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55:33In 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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Why Berachain is Becoming a Liquidity Powerhouse | Smokey the Bera
1:04:32
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1:04:32In 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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Unichain, Succinct’s Prover Network, and Crypto’s Trust Crisis | Expansion Crossover Roundup
1:11:58
1:11:58
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1:11:58In 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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The Evolution of Crypto Exchanges | Austin Adams & Jesse Walden
1:10:31
1:10:31
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1:10:31In 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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Lido v3 Deep Dive | Hasu & Konstantin
1:05:46
1:05:46
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1:05:46In 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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Market Volatility, Stablecoin Regulation, and Saylor’s Next Move | Roundup
1:03:50
1:03:50
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1:03:50In 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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Trading Crypto's Weekend Meltdown | 1000x
59:44
59:44
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59:44This 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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The PumpFun Episode | Austin, Jim & Myles
1:11:25
1:11:25
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1:11:25In 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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DeepSeek’s Impact, the JellyJelly Launch, and Crypto Payments | Roundup
1:05:36
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1:05:36In 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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Deep Dive: DeFi Yield Sources | Guy & Sam
1:02:38
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1:02:38In 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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Crypto's Speculative Phase & Ethereum's Mass Reform | Expansion Crossover Roundup
1:23:19
1:23:19
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1:23:19This 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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Go-To-Market Strategies in Crypto | Jim & Myles
1:20:01
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1:20:01In this episode, Jim Parillo from Figment Capital, and Myles O’Neil from Delta, joined us to discuss positioning your product for success in crypto. We dive into the relative valuation game, the impact of token economics, and incentivization of users. Additionally, we unpack the phases of growth seen along the way, and identifying your users at eac…
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Inflation Fears, Four Year Cycles, and Berachain | Roundup
1:01:10
1:01:10
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1:01:10In this episode, we discuss Trumps’ “Crypto Ball”, the Bitcoin strategic reserve, and inflation fears. We also cover the idea of four year cycles in crypto, and why they might not continue. Additionally, we unpack Berachain’s “Proof of Liquidity” mechanism. Finally, we close the episode with discussion on Ethereum’s staking decline. Thanks for tuni…
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A Crypto Native Financial System | Felipe Montealegre
1:15:21
1:15:21
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1:15:21In this episode, we’re joined by Felipe from Theia to discuss his recent thesis piece, “Internet Finance”. We cover his thoughts on global property rights, and how crypto rails can truly make capital a globally competitive market. Additionally, we discuss fundamental based investing, returning capital to token holders, and developing a moat in cryp…
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Trump’s First 100 Days, and AI’s Influence on the Markets | Roundup
58:42
58:42
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58:42In this episode, we discuss the Palisades Fire, macro uncertainty, and Trump’s first 100 days in office. We also dive into AI’s influence on the markets, new developer talent entering the space over time, and the philosophical differences between Ethereum and Solana. Finally, we end the episode with discussion on Robinhood’s involvement in crypto, …
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The State of Liquid Staking, GOOSE-2, and Lido v3 | Hasu
1:45:17
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1:45:17By Blockworks
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Our 2025 Crypto Predictions | Roundup
1:13:25
1:13:25
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1:13:25In this episode, Michael, Vance, and Mippo discuss their 2025 predictions! They cover their macro outlook, and crypto specific predictions for next year. They also ask themselves - Will the L1 trade ever die? Will ICOs return? Are crypto founders returning to America? Thanks for tuning in! Resources 2024 Predictions Episode: https://youtu.be/6V0hWs…
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Morpho: Ushering in DeFi’s Next Era | Paul Frambot
1:02:26
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1:02:26In this episode, Paul Frambot, Co-founder and CEO of Morpho Labs, joined us to discuss the history of Morpho, TAM and network effects for primitive protocols, and what Morpho does today. Additionally, he gave his thoughts why a simple codebase is important, and how TradFi distribution will come onchain. Finally, we unpacked the recent trends in DeF…
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The Attention Economy, Hyperliquid’s Success, and New Asset Classes | Roundup
1:03:13
1:03:13
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1:03:13In this episode, Mike Ippolito and Michael Anderson reflect on some of their 2024 predictions, discuss the attention economy and memecoin activity, and Hyperliquid’s success. They also dive into blockchain business models, and where activity should be across the Ethereum ecosystem. Finally, they give their thoughts on whether or not this cycle has …
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Commonware: Building the Anti-Framework | Patrick O’Grady
1:11:42
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1:11:42In this episode, we’re joined by Patrick O’Grady, Founder of Commonware! We discussed what inspired Commonware, what Commonware aims to solve, and the flexibility it offers to developers. Additionally, we unpacked Patrick’s time at Ava Labs, and the tech stack that Avalanche has built. Finally, we covered how crypto will move past the “TPS Era” and…
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$100k Bitcoin, Hyperliquid’s Airdrop, and Altcoin Cycles | Roundup
47:47
47:47
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47:47In this episode, the Roundup crew discussed the resurgence of Dinocoins, Altcoin cycles, $100k Bitcoin, and the current outlook for Ethereum. They also dove into the background of Trump’s pick to lead the SEC, Paul Atkins, and the impact he might have on the crypto industry. Finally, they ended the episode by giving their thoughts on Hyperliquid, a…
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Scaling Ethereum With Based Rollups | mteam
1:19:40
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1:19:40In this episode, mteam from Spire Labs joined us to discuss Based Rollups, ETH value accrual, and the current state of Ethereum. We also covered designing Based Rollups, their value proposition, and Ethereum’s Rollup centric roadmap. Mteam also gave his thoughts on what Ethereum should prioritize moving forward. Finally, we ended the episode with d…
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Alt Season, Decentralized AI’s Evolution, and Institutional Interest | Roundup
1:03:34
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1:03:34By Blockworks
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EVM vs SVM Tradeoffs, Ethereum Alignment, and App Specific Sequencing | Alex Watts
1:22:46
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1:22:46In this episode, Alex Watts, the Co-Founder and CEO of FastLane Labs, joined us to discuss dealing with MEV, Application Specific Sequencing, and the EVM vs the SVM. Additionally, we asked Alex: is application specific sequencing possible on Solana? Where does Monad fit into things? We closed the episode out with our thoughts on alignment, the roll…
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Solving Ethereum’s UX Challenges | Hart & Dan
51:32
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51:32In this episode, Hart Lambur and Dan Robinson joined us to discuss interoperability across the Ethereum ecosystem! We dove into ERC-7683, EIP-7702, and Unichain’s future. We also unpacked the process behind creating new standards for Ethereum. Finally, we discussed the crossovers between the solver and searcher markets. Thanks for tuning in! -- Res…
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Unichain and MEV On L2s | Hasu & Hayden
1:34:37
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1:34:37In this episode, Hayden Adams and Hasu joined us to discuss Ethereum’s rollup centric roadmap, and the vision for Unichain. We also dove into priority ordering, MEV taxes, and LP arbitrage. Finally, we ended the episode by unpacking MEV on L2s vs mainnet, TEEs, and potential cons of Ethereum’s rollup centric roadmap. Thanks for tuning in! -- Resour…
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In this episode, the Roundup crew discusses the outcome of the presidential election and its impact on DeFi, crypto’s new regulatory environment, and the positive signs for continued DeFi growth. Additionally, the dive into Polymarket’s success leading up to, and on election day, and their outlook on Polymarket going forward. Finally, they give the…
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Unlocking Undercollateralized Lending | Laurence Day
1:22:56
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1:22:56In this episode, we’re joined by Laurence Day, Co-founder of Wildcat Finance! We discussed undercollateralized lending and RWAs in DeFi, the impacts of capital efficiency and liquidity fragmentation on lending markets, and how privacy comes into play. Finally, we unpacked the primary use cases for Wildcat. Thanks for tuning in! -- Resources Bell Cu…
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Coinbase Earnings, Jito Restaking, Memecoin Durability, and Saylor’s Big Announcement | Roundup
49:44
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49:44In this episode, Michael, Vance, and Mike Ippolito sit down to discuss everything happening in crypto leading up to the election! They dive into Jito Restaking and the synergies across Jito’s product suite, the relationship between Raydium and Pumpfun, and Coinbase’s recent earnings report. Thanks for tuning in! -- Resources Jito Restaking Caps Hit…
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