Gm! This week we're joined by Jeff Dorman to discuss his recent tweet on the bear case for Coinbase. We deep dive into the Coinbase business model, the rise of DEXs (Hyperliquid), who is best positioned to win the exchange wars, the opportunity for DeFi & more. Enjoy!
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Petra Earn was designed to make DeFi more accessible for everyone—from seasoned pros to DeFi beginners. Manage your balance, claim rewards and deposit directly from the app. By supplying USDT to Aries lending pools, users have the potential to earn a higher yield compared to some traditional methods.
Not financial advice. Participating in Defi carries risks. To learn more visit https://petra.app/earn
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Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.
The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC will be live in April 2025.
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Timestamps:
(00:00) Intro
(03:06) Do Fundamentals Matter In Crypto?
(08:58) Ripple's Breakthrough Moment
(11:38) Ads (Aptos, Zenrock)
(12:58) The Coinbase Business Model
(20:59) Are Coinbase Users Sticky?
(25:29) The Rise Of DEXs
(31:41) Ads (Aptos, Zenrock)
(33:01) Is There A Bull Case For Coinbase?
(37:55) Tokenization
(43:37) Ads (Falcon x, Token.com)
(45:05) The Opportunity For DeFi
(50:32) Value Accrual
(57:07) How To Bring Assets Onchain
(01:10:09) Should Securities Laws Be Updated?
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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, and our guests may hold positions in the companies, funds, or projects discussed.