The Scoop

Luke Hoersten is the founder and CEO of Bitnomial — a derivatives exchange that aims to replace the underlying rails of the global commodities trading market with crypto.Bitnomial has obtained regulatory approval for an exchange license, a clearinghouse license and a brokerage license, making them the first business to have all three licenses under one roof.In this episode, Hoersten discusses the technical innovation to collateral management and trading offered by crypto and the future of collateral management in the crypto derivatives market. OUTLINE00:00 Introduction04:36 Bitnomial's Licenses05:48 Bitnomial's Product Suite07:46 Competition 12:09 Phases of Crypto Collateral 19:01 CME Marketshare 21:07 Importance of Derivatives 24:55 Future of Crypto Derivitives 32:18 Onshore vs. Offshore Derivatives 35:09 TradFi Perps 37:37 Closing Thoughts

Founder and CIO of Split Capital, Zaheer Ebtikar, discusses the challenges and opportunities of liquid crypto investment strategies, market inefficiencies, impact of ETFs, and shifting fundamentals in the crypto market. He explores the evolution of crypto venture, nuances of liquid funds, and market opportunities for capital allocators.

Max Boonen is the founder of PV01 — a platform that allows issuers to access capital and for investors to purchase debt using blockchain.In this episode, Boonen discusses the challenges of accessing debt capital markets and the potential of tokenization in the crypto space, including the paradigm shift from provider-based markets to token-based markets in DeFi.PV01 uses a special purpose vehicle (SPV) to buy one bond and issue a token that represents the bond. This token is both a representation of a bond and a bond itself.

Mike Cagney, co-founder of Figure Markets, talks about the future of equity trading on the blockchain, DeFi lending, rebuilding crypto's credit markets, and the institutionalization of crypto. He also discusses the need for a 'marketplace of everything,' and Wall Street's appetite for ATS, along with regulatory considerations.

Soona Amhaz, Managing partner at Volt Capital, discusses challenges for capital allocators, rise of meme coins, controversies in token distributions, mainstream crypto adoption, macro impact on crypto VC, 'Memecoin Meta', tokenomics best practices, and evolution of investment categories in the crypto venture landscape.

Michael Bentley, co-founder of Euler Labs, reflects on the $200 million hack and the security enhancements in Euler V2. They discuss the journey from evolutionary theorist to DeFi innovator, the recovery process post-hack, enhancing security in Euler V2, risks in crypto credit markets, and tokenization of real-world assets in DeFi.

Roshun Patel, Partner at HackVC, discusses crypto market volatility, caution in funding, AI-crypto intersection, future of tokenomics. They cover recent events, decision-making in investment calls, angel investments to VC, layer one dynamics, and future trends in tokenomics.

Li Jin, crypto VC from Variant, discusses the rise of meme coins in the crypto market, analyzing their attention-capturing abilities and marketing strategies. They delve into the classification of meme coins, their trading dynamics, and the intersection of memetics and economics.

Securities law professor J.W. Verret discusses potential legal challenges Uniswap may face from the SEC, including allegations of unlicensed broker-dealer operations and selling unregistered securities. The podcast explores Uniswap's potential legal tactics in response to regulatory threats, the challenges of operating a platform like Uniswap amidst regulatory scrutiny, and the uncertainties in negotiating with regulatory authorities in the crypto space. The conversation also delves into the difficulties in determining the regulatory status of assets in the DeFi sector and the legal battles with the SEC over the classification of certain assets as securities.

Brandon Mulvihill, Co-founder and CEO of Crossover Markets, discusses the changing market structure in crypto trading and the importance of fee compression. He compares ECN and CLOB trading models, explores the similarities between FX and crypto trading, and touches on topics like crypto flash crashes, market maturity, and institutional credit.