Arthur Hayes: Ethereum Will Outperform The Entire Market (It’s My Biggest Position)
lundi 7 septembre 2026 • Durée 41:27
Arthur Hayes joins us for a session to understand the underlying economic forces leading to a massive digital assets bull market in the coming months and years.
The money printer is about to flip back on and Arthur Hayes says the Euro/Yen exchange rate is the tell everyone's missing. He gets into why Japan's forced unwinding of its massive carry trade, combined with France's brewing bond market crisis, all but guarantees a faster pace of dollar liquidity creation. He also makes the case that AI's unit economics problem becomes the government's next excuse to print more fueling the fiat debasement thesis further. He explains his positioning in the market and reveals why Ethereum is Maelstrom's largest position heading into this cycle.
Arthur Hayes is the CIO of Maelstrom, the family office of BitMEX co-founder Arthur Hayes, and a prominent macro commentator in digital assets.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
01:57 Fed Chair Warsh Is Irrelevant
04:03 Japan's GPIF Asset Shift
09:34 Japan's National Carry Trade
12:24 Exiting The Restrictive Regime
14:51 The AI Bailout Trade
17:59 Gold And Bitcoin Vs Tech
20:57 Misallocated Capital Flows To Crypto
23:53 Who Controls The Narrative
28:52 Crypto Timeline To New Highs
32:24 Euro/Yen As Leading Indicator
35:38 France's Bond Market Crisis
39:11 Positioning The Barbell Portfolio
Guest Socials:
Arthur Hayes X: https://x.com/CryptoHayes
Maelstrom X: https://x.com/Maelstromfund
Maelstrom Website: https://maelstrom.fund/
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
---
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
Jake Chervinsky: Hyperliquid Is Set To Enter The US Market Imminently (Necessary Steps Explained)
lundi 7 septembre 2026 • Durée 43:42
Jake Chervinsky joins us in the Tokenization Tower to explain the path for Hyperliquid to enter the US markets.
Trump said "Hyperliquid" on national television and Jake Chervinsky was there to watch it happen live. He explains why perpetual futures are already coming to the US through the CFTC, why Hyperliquid is infrastructure rather than a competitor to exchanges like Coinbase and CME, and why the silver and oil market breakouts proved this technology is bigger than crypto. He also unpacks the new Circle-Hyperliquid stablecoin fee deal and makes the case that CLARITY Act-style comprehensive legislation may be dead, in favor of narrow, GENIUS Act-style bills targeting specific proven products.
Jake Chervinsky is the CEO of the Hyperliquid Policy Center, leading the effort to bring onchain derivatives markets into US regulatory compliance.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Guest Socials:
Jake Chervinsky X: https://x.com/jchervinsky
Hyperliquid Policy Center X: https://x.com/HyperliquidPC
Hyperliquid Policy Center Website: https://hyperliquidpolicy.org/
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
---
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
SEC Crypto Chief Counsel: Robinhood Stock Tokens Are Just The Beginning (Our Pro-Innovation Mindset)
dimanche 6 septembre 2026 • Durée 28:56
Taylor Lindman calls in during a pivotal moment of Robinhood Chain stock token mania to debrief us on how the SEC is approaching tokenization.
He explains how Reg Crypto could be the biggest shakeup to token fundraising since the JOBS Act and Taylor Lindman just laid out exactly how it works. She breaks down why tokenized "stock tokens" from Robinhood and others are legally structured more like debt instruments than equity, and unpacks the SEC's new proposal for progressive decentralization: a real checklist that lets a token graduate out of securities law entirely once a project delivers on its promises.
Taylor Lindman is the Chief Counsel of the Crypto Task Force at the U.S. Securities and Exchange Commission.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
02:31 The Robinhood Stock Token Drama
06:14 Debt Securities Have Existing Rules
09:18 Issuer Sponsored Tokens Explained
11:36 Digitization Vs Tokenization
14:04 TradFi Meets Onchain Convergence
17:28 Most Ambitious SEC Agenda Ever
19:46 Reg Crypto's Two Exemptions
22:37 Progressive Decentralization Explained
25:39 Stock Token Price Dislocation
Guest Socials:
SEC X: https://x.com/SECGov
SEC Website: https://www.sec.gov/
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
Ryan Watkins: Hyperliquid Will Dominate Global Finance (It’s Coming To USA)
samedi 5 septembre 2026 • Durée 34:53
Ryan Watkins joins the show for an updated view on the digital assets bull market
Are traders are about to become bigger celebrities than athletes? Well, maybe or maybe not.
He breaks down why Hyperliquid's real endgame was always taking share from Binance and Coinbase, not just onchain rivals, and makes the case that barbell portfolio of store-of-value assets and revenue-generating businesses is only getting started. He also unpacks why social trading platforms like fomo could become the permanent front-end for everything from memecoins to tokenized equities.
Ryan Watkins is the Co-Founder of Syncracy Capital, a research-driven digital assets investment firm.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
02:02 Trump Said Hyperliquid
04:14 Ryan’s Hyperliquid Thesis
07:51 Compounding HYPE Growth
10:33 The Barbell Portfolio Framework
14:17 Why Fundamentals Matter Now
16:45 Bitcoin And Zcash Debate
22:11 The Social Trading Thesis
25:04 Memes Are Just A Wedge
30:00 Why Whales Don't Want To Leak Alpha Onchain
33:17 Ryan Opens fomo Daily
Guest Socials:
Ryan Watkins X: https://x.com/RyanWatkins_
Syncracy Capital X: https://x.com/SyncracyCapital
Syncracy Capital Website: https://www.syncracy.io/
Emad Mostaque: AI Agents Just Broke Out On Their Own
jeudi 3 septembre 2026 • Durée 40:30
Emad Mostaque breaks down the viral story of OpenAI's self-replicating agents that left "hieroglyph-like" trails for successive generations before breaking out and taking over internal services, and explains why he believes intelligence's cost is racing toward zero. He also unpacks Intelligent Internet's Bitcoin-forked monetary thesis for a post-AGI economy, and details his plan to launch state-by-state "champion" institutions designed to keep ownership of AI agents in the hands of the people.
Emad Mostaque is the Founder of Stability AI and the creator of Intelligent Internet, a protocol focused on building AI infrastructure for public institutions and citizen-owned agent economies.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
02:14 Self-Replicating Agents Explained
05:03 The Intelligent Internet Thesis
08:20 What Is Money After AGI
11:51 Objective Hacking And AI Ethics
15:26 The Trolley Test Bias
19:08 Blockchain's Role In AI's Future
22:12 Why Private Inference Matters
26:03 Who's AI Runs Public Policy
29:49 Assume The Internet Goes Offline
32:33 MacBooks Turned Into Hacker Swarms
34:44 Why Bigger Models Don't Matter
37:14 The Implementation Plan Ahead
Guest Socials:
Emad Mostaque X: https://x.com/EMostaque
Intelligent Internet X: https://x.com/ii_posts
Intelligent Internet Website: https://ii.inc/
Will Clemente: Why The Hard Money Thesis Is Set To Explode Very Soon (Full Thesis)
mardi 1 septembre 2026 • Durée 33:26
Will Clemente joins us for an update on the imminent digital asset bull cycle. He breaks down the significance of Treasury Secretary Scott Bessent's long-bond buybacks before Jackson Hole, explaining why the move to backstop yields could force excess liquidity into the system and make Bitcoin & other digital assets an increasingly attractive hedge. He also unpacks his financial repression thesis, a potential "Treasury-Fed Accord 2.0," and why he expects Bitcoin and gold's diverging performance to reverse as capital rotates back into hard assets and away from the AI buildout trade.
Will Clemente is a solo investor and macro analyst known for his research on Bitcoin, onchain data, and the intersection of monetary policy and digital assets.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
02:05 Will Sold Down At The Start Of 2026
04:08 Everyone In Digital Assets Pivoted To Equities
06:13 Bitcoin Cycles Bottom When Sellers Run Out
08:18 Besant Bond Buying Is The Green Light
10:33 Treasury Twist Explained Simply
12:44 Stablecoin Issuance Demand Escalating
14:55 Dollar Debasement Is The Long Game
17:06 Hard Money Assets Vs Fiat Debt
19:14 Iran Oil Risk Still Brewing
21:28 Yen And Dollar Coiling Up Now
23:51 September 9th Besant Bond Buying
25:52 Clarity Act Vote September 15th
28:05 All Roads Lead To Bitcoin Long Term
30:06 Warsh Forward Guidance Contradiction
32:17 Small Position on ZCash
PUMP Is The Most Mispriced Business In Crypto (Here's Why) with RockawayX CIO Austin Barack
lundi 31 août 2026 • Durée 26:01
Austin Barack breaks down why Pump.fun isn't really a meme coin platform. Rather, it's building social trading infrastructure that's about to expand across chains and asset types and explains why the market is mispricing one of the fastest-growing businesses in the world by treating its revenue as cyclical rather than durable. He also discusses the ongoing debate over buybacks as a value accrual mechanism, and identifies the categories he believes are best positioned heading into the next bull cycle.
Austin Barack is a Partner at RockawayX, a digital assets venture capital firm.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
03:51 Pump Is Really Social Trading
06:43 Why Pump's Multiple Feels Too Low
09:35 Perps Trading Everything
13:27 Are Buybacks The End Game
16:00 Building Durable Revenue Businesses
19:14 The Real Winning Categories
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
---
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
Superstate CEO: How Stablecoins Are Setting Up The Biggest Tokenization Boom Yet (Here's Why)
vendredi 28 août 2026 • Durée 27:29
Robert Leshner joins us to unpack his vision of the tokenization supercycle with the explosion of stablecoins as the core undercurrent.
He breaks down why over a dozen major banks including Bank of America, Wells Fargo, and Santander, just announced plans to launch their own stablecoins, and explains why he left Compound to build Superstate, a compliant, tokenized approach to money market funds and real-world assets. He also makes the case that tokenization's addressable market isn't just 100% of finance, plus much more.
Every asset is coming onchain.
Robert Leshner is the Co-Founder and CEO of Superstate, and the founder of Compound, one of DeFi's original lending protocols.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
04:02 Banks Rushing Into Stablecoins?
07:20 A Hundred Approaches To Tokenization
12:25 Compliant Tokens That Do DeFi Well
16:56 From Wild West DeFi To Compliance
23:39 Why He Left Compound To Start Superstate
26:21 100% Market Share, Then Some For Tokenized Assets
Guest Socials:
Robert Leshner X: https://x.com/rleshner
Superstate X: https://x.com/superstateinc
Superstate Website: https://superstate.com/
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
Grayscale Research Lead: Privacy Assets Are The Final Frontier For Massive Upside (Our Predictions)
mercredi 26 août 2026 • Durée 26:19
Zach Pandl joins us for an investing masterclass on how to allocate to privacy in the age of AI. He breaks down how Grayscale converted its nine-year-old Zcash trust into an ETF, following the same playbook that took its Bitcoin trust public, and explains why rising AI-powered surveillance is the real catalyst driving renewed interest in financial privacy.
He also details the Ironwood upgrade's quantum resistance improvements, his ZEC targets, and why he's so bullish on the future of privacy related tokens.
Zach Pandl is the Head of Research at Grayscale, a leading digital assets asset manager known for pioneering trust-to-ETF conversions across Bitcoin, Ethereum, and now Zcash.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
04:41 Cross-Chain Reach Via NEAR Intents
09:50 The Real Catalyst For Zcash
12:05 Ironwood And Quantum Resistance Upgrades
14:52 ZEC Trust To ETF Migration Mechanics
20:35 100% Of Fees Reinvested
Guest Socials:
Zach Pandl X: https://x.com/LowBeta
Grayscale X: https://x.com/grayscale
Grayscale Website: https://www.grayscale.com/
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
Aerodrome Co-Founder: What Coinbase Just Did Changes Everything (Here's Why)
mardi 25 août 2026 • Durée 35:33
Alex Cutler breaks down how Coinbase's partnership with Aerodrome turned cbBTC into the top-traded Bitcoin venue onchain within a week, and explains why he believes the same playbook is about to repeat with tokenized equities at a $100 trillion addressable market. He also unpacks Coinbase's thesis that 10% of global GDP could move onchain within five years, and why he thinks true beneficial ownership structures represent a "leapfrog moment" over earlier synthetic tokenized stock attempts.
Alex Cutler is the Co-Founder of Aerodrome and CEO of Dromos Labs, the team behind the leading decentralized exchange on Base and a primary venue for trading tokenized equities.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
09:22 Coinbase's Wrapped Bitcoin Playbook
13:43 The Revenue Meta Thesis
17:21 10% Of Global GDP Onchain
24:03 Real Ownership Vs Synthetic Tokens
26:04 Coinbase's Leapfrog Moment Explained
Guest Socials:
Alex Cutler X: https://x.com/wagmiAlexander
Aerodrome X: https://x.com/AerodromeFi
Aerodrome Website: https://aerodrome.finance/
Partners:
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
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Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
---
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
1inch Aqua lets you stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
---
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
Learn more here: https://www.spaceandtime.io/
---
Frax is the Future of Digital Money. Open. Stable. Borderless. At Frax, we're building the world's most scalable stablecoin infrastructure for the next generation of finance.
Learn more here: net.frax.com/rollup
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is the confidentiality protocol for onchain finance, using fully homomorphic encryption so smart contracts can compute on encrypted data, keeping balances, positions, and transfers confidential while remaining verifiable and compliant by design. Learn more here: https://www.zama.org/
If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua
---
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
Learn more here: https://www.spaceandtime.io/
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/
---
Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.
---
Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge
---
Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
