This week, the Hivemind team breaks down the current state of the markets and asks whether the start of 2026 will be bullish. We then dive into the ongoing token vs equity debate in crypto and explore the best way to structure ICOs. Enjoy!

--

Follow Ceteris: ⁠https://x.com/ceterispar1bus⁠

Follow Jason: ⁠https://x.com/3xliquidated⁠

Follow Jose: https://x.com/ZeMariaMacedo

Follow Yan: https://x.com/YanLiberman

Follow Empire: ⁠https://x.com/theempirepod⁠

Subscribe on YouTube: ⁠https://bit.ly/4jYEkBx⁠

Subscribe on Apple: ⁠https://bit.ly/3ECSmJ3⁠

Subscribe on Spotify: ⁠https://bit.ly/4hzy9lH⁠

--

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: ⁠https://blockworks.co/newsletter/⁠

--

(00:00) Introduction

(01:53) Will Q1 Be Bullish For Crypto?

(18:56) Crypto’s Token vs Equity Problem

(26:43) The MetaDAO Model

(39:48) What Defines Success For ICOs?

(01:01:31) Solana’s Block Building Dilemma

--

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, the Hivemind team, and our guests may hold positions in the companies, funds, or projects discussed.

AD Derivs. Podcast (Ep. 62) Ilan Levy-Mayer, VP @CannonTrading