.@benbybit on who actually won the last bull run: @ethena, Hyperliquid, and prediction markets. "The rest - I don't know what's going on with them." The early @Bybit_Official bet on Ethena looks pretty good right now.

E168: @Bybit_Official - The CEO Who Went on a Podcast 3 Days After a $1.5B Hack and Made it all Back in 8 Months @benbybit, the co-founder and CEO of @Bybit_Official, reveals how he led the company back from the biggest crypto theft in history - filling the $1.5 billion hole in just 8 months while still paying bonuses and dividends. In this episode, Ben shares the untold story of the recovery, Bybit's growth to 85 million users, and his vision to merge banks, brokers, and exchanges into crypto's next financial super-app. Timestamps: 0:00 Introduction 1:39 Please Subscribe 2:04 Why Ben Is Meeting With Prime Ministers 5:52 Partnerships: @JupiterExchange @KASTxyz 6:32 The Most Fun Part About Building In Crypto 8:16 Why Ben Would Go On A Podcast 3 Days After Losing $1.5B 11:00 How Does ByBit Use AI To Run Their Business 16:22 When Did Ben Realize AI Was Game Changing For The Business 17:47 How Do You Measure A $150 Million F1 Sponsorship Deal 21:47 Why Did ByBit Sponsor The Stockholm Opens 23:07 Why Ben Is So Hands On With ByBit Decisions 25:33 Partnerships: @ethena @sumsub 26:35 The Most Surprising Thing Ben Learned From The ByBit Hack 28:06 How Do You Deal With An Outside Party When Big Issues Happen 30:20 Ben’s Message To Anyone Dealing With A Big Crisis 32:51 How Ben Managed The Negative Spotlight 36:51 How Big Is ByBit Today In Terms Of Key Numbers 37:38 How Do You Take ByBit To The Next Level 39:09 What’s The Endgame For ByBit 40:03 What Is @byreal_io 42:34 Does Ben See A World Where DEXes Takeover CEXes 43:13 What Is ByBit Doing With Ethena 45:06 Ben’s Thoughts About The Ethena Partnership 46:05 Ben’s Opinions On Hyperliquid As A Competitor 49:34 Partnerships: @Trezor @Bitwise @SuiNetwork 50:30 What’s ByBit Doing To Prepare For An AI Driven World 53:56 The Evolution Of Crypto vs AI 56:57 What Makes Ben Happy 57:21 Does Ben Feel Happier Now That He’s Rich 58:30 One Thing Ben Is Holding Onto That He Should Let Go Of 59:04 What Ben Does With His Money 1:00:14 What Does The Voice In Ben's Head Tell Him 1:02:58 One Thing Ben’s Learned That You Can Takeaway Today 1:04:11 Who Is Ben Zhou 1:06:20 Closing Thoughts

DROPS E34: @Plasma - Stablecoins Will Outgrow Crypto @SplitCapital is Chief Strategy Officer at Plasma. Nine years across the full stack - buy side research, DeFi, centralized exchanges becoming multi-hundred billion dollar businesses - and now CSO at the stablecoin neobank he was backing before he joined. We cover why stablecoins are the only crypto vertical set to outgrow crypto, what's actually broken about every wallet people use today, and what a 90% token drawdown means when you're still in beta. We talk about: - Why nobody owns stablecoin customer distribution today - Why stablecoins are the only vertical bigger than crypto itself - Plasma One - making stablecoin spending feel like Revolut or Venmo - Getting card fees 50-80% cheaper than anything that exists - The shift from tech-first narrative to outcome-first product - Exchange dominance never lasts - from BitMEX to Binance to FTX to whatever's next - Staying under 50 people and why over-hiring kills companies And much more… Timestamps: 0:00 - Introduction 1:43 - Who are you? 2:53 - 9 years of experience 5:33 - Patience in a Bear Market 8:29 - What people get wrong about Crypto? 12:42 - Relation between Plasma & Zaheer 14:36 - Right time to Build 16:46 - Explaining Plasma 18:43 - Focus of Plasma 20:41 - From Tech-First to Revenue-First 22:49 - How does Plasma make money? 24:09 - What is Plasma One? 24:53 - How Plasma is 10x Cheaper, Faster and Better? 27:52 - Fixing broken Crypto UX 29:02 - The Fees Game 31:30 - Hiring in Plasma 33:43 - Ultimate KPI for Plasma 34:37 - Who's a user? 35:44 - Way Forward for XPL

E159: @Hyperliquidx: Housing all of Finance @chameleon_jeff came back on the When Shift Happens Podcast to talk about the Hyperliquid journey since the TGE and what the future holds for one of the most loved and prolific protocols in the space Hyperliquid Timestamps 0:00 Intro 2:01 Singapore 2:27 Reminiscing on the Token Launch 5:00 Was This Scale Of Wealth Expected? 6:28 Doing The Right Thing In Crypto 9:07 The Responsibility that comes with Billions of $ 11:10 @JupiterExchange @KASTxyz 11:51 Bringing Hyperliquid to the masses 15:21 Pre TGE and Post TGE: Operational difference 20:13 Choices on what to build Internally vs Externally 22:05 How to build a reliable team 24:51 Did the Team celebrate the HYPE wealth Generation event? 26:45 How to test talents for High Integrity 28:31 How much does the Hyperliquid team sleep? 30:05 Employee Vesting Fears 31:41 Dealing with FUD 32:28 How Does Jeff Personally Handle FUD 35:02 Token "Buybacks" critics 37:20 Why Hyperliquid can't have Discretionary "Buybacks" 39:04 HyperEVM, explained Simply 40:00 @paradex @zodl_app 40:41 HyperEVM: Success so Far? 44:05 HIP-3, explained Simply 47:44 What makes Hyperliquid's approach different 48:19 Why Should People Care? 51:33 Bring All Finance On Chain 52:08 Why Is The Hyperliquid Approach Better? 53:47 Key Numbers showing that Hyperliquid Is Doing it right 59:01 What Has the @unitxyz team demonstrated with spot trading on Hyperliquid in 2025 1:03:29 HIP-4: Outcome Markets 1:08:01 @Trezor @bitwise @SuiNetwork 1:08:58 What does "Housing All Of Finance" mean? 1:10:51 Why Hyperliquid is not a crypto company 1:12:23 Why Does Hyperliquid have A Stablecoin USDH (@nativemarkets) 1:14:39 What Is @Kinetiq_xyz & Why Does It Matter? 1:16:15 Why Is What @Hyperlendx Is Building Important For HyperLiquid 1:23:39 Where did Fairness cost the most? 1:24:47 What should Hyperliquid be Remembered for? 1:25:24 Why should people stay in Crypto when there's an AI brain drain? 1:28:10 Closing Thoughts