Circle is the first public company to run a token presale, and its stock went up on the news. @ramahluwalia, @austincampbell, and @perkinscr97 ask the one question that matters: where does the value actually accrue? On @bitsandbips Timestamps: 🚀 0:00 Introduction and Iran ceasefire update 🛢️ 1:02 What Ram and Chris are watching in oil and Hormuz 📊 4:49 Why markets are shrugging off geopolitical noise 🤖 13:25 Ram on why the market is all one giant bet on AI 💬 16:03 Is the AI rally a bubble or a fundamental shift? 🏦 27:04 Circle launches Arc: could its token compete with its own stock? 📉 40:21 Coinbase: were the layoffs due to AI or the bear market? 🎭 48:26 What it says about the industry that Consensus’s afterparty was at E11even The Crypto Industry’s Maturity Problem

WEEKLY ROLLUP: Crypto Is Running Out of Reasons to Go Lower Inflation cooled, war intensified, and crypto climbed anyway. @TrustlessState and @RyanSAdams ask if the bottom is in, unpack Robinhood Chain’s surge past Base, and debate who benefits from Ethereum’s L2 boom. [TIMESTAMPS] 0:00 Intro 0:29 Cycle Bottom Watch - @TrustlessState - @goodalexander - @brian_armstrong 5:24 Inflation Cools, War Heats - @kobeissiletter - @geiger_capital 14:56 Crypto Outperforms Stocks - @saylor 22:34 Robinhood Chain Breaks Out - @donnoh_eth 29:31 @Base Pivots to Trading - @jessepollak - @austincampbell - @cobie 36:15 Does $ETH Earn Enough? - @vladtenev - @LorenzoARK - @apolynya - @ethereumJoseph 47:29 L2s and Rent Sharing - @sgoldfed - @l2beat 56:20 Ethereum Spinoffs Multiply - @eth_systems - @fradamt 58:49 DeFi Hacks May Be Peaking - @hosseeb - @maraoz 1:01:44 Buy-and-Burn Wins - @blknoiz06 1:06:29 Closing & Disclaimers