WuBlockchain Podcast

This episode of WuBlockchain Podcast explores the long-term evolution of Vietnam’s crypto market through the perspective of Thanh Le, CEO of G98 and Founder of Ninety Eight. Drawing on his experience since entering the industry in 2017, Thanh discusses how Vietnam’s crypto ecosystem has matured from an early high-risk phase into a highly active market shaped by retail participation, developer talent, and emerging regulation.Ninety Eight builds practical Web3 products, including multi-chain wallets and DeFi tools, from Vietnam. Through G98, a joint venture with G-Group, these technologies are localized and deployed using domestic infrastructure to support digital-asset-related products and services in the Vietnamese market. Timeline:00:00 Opening & Guest Background: A long-term, on-ground perspective since entering the crypto industry in 201701:15 Evolution of Vietnam's crypto market: From widespread scams to recognition as a new asset class03:21 Market size and activity: Vietnam's user base characterized by high ownership and high trading activity07:19 User entry paths: Generational shifts from Bitcoin to GameFi, DeFi, and memecoins10:16 User profiles and risk appetite: From CEX-dominated trading to a growing understanding of on-chain activity and strategy allocation13:26 Regulatory environment: A conservative yet supportive policy stance and expectations around a 2025 inflection point16:41 Shifts in asset and narrative preferences: A return to BTC and major assets alongside interest in emerging narratives19:04 Cooling of Vietnam-based projects: The impact of the bear market, talent outflows, and regulatory uncertainty22:58 Developer ecosystem and city distribution: A technical talent pool spanning both Solana and EVM ecosystems26:18 Changes in the fundraising environment: From pro-cyclical fundraising in 2021 to a broadly tighter capital market29:11 Vietnam's long-term advantages: Strong learning willingness, community mobilization, and talent supply

In this keynote address, Bybit CEO Ben Zhou reviews the rapid development of the global crypto industry in 2025 and systematically outlines Bybit's strategic transition from a "crypto exchange" to a "comprehensive financial platform." He notes that clearer regulatory frameworks, increasing institutional participation, and the growth of stablecoins and real-world assets (RWA) are collectively driving crypto assets into a broader mainstream financial system.During the speech, Ben also reflects in detail on the market turmoil of October 10 (10.10), analyzing its impact on market liquidity and trading infrastructure. He revisits key issues exposed by the event, including liquidation mechanisms, mark price accuracy, auto-deleveraging (ADL), and overall system stability, and introduces a series of upgrades and improvements Bybit implemented afterward across risk management, market surveillance, and core infrastructure.Looking ahead to the coming year, Ben further outlines Bybit's product and strategic roadmap, including continued expansion of global compliance and licensing, enhancements to fiat on- and off-ramp and payment networks, the launch of retail banking accounts and more comprehensive wealth management offerings, the introduction of RWA-based yield solutions, and deeper integration of AI across trading, risk control, and user experience. Overall, Bybit aims to position itself as a long-term infrastructure builder, bridging traditional finance and crypto while improving global access to and efficiency of financial services.Below is the transcript of Bybit CEO Ben's keynote. The audio transcription was generated by GPT and may contain inaccuracies; minor edits have been made for readability.Timeline 00:00 Introduction and keynote opening00:34 2025 crypto adoption trends and global market growth01:57 Regulation, ETFs, stablecoins, and institutional adoption03:40 Crypto as global financial infrastructure and inclusion tool05:41 Bybit's vision: from exchange to financial platform06:52 Compliance-first strategy and global licensing expansion07:35 Building global fiat, card, and payment infrastructure09:39 Bridging TradFi and crypto through RWA and custody solutions12:51 Connecting crypto users with traditional markets (stocks, gold, forex)14:00 Wealth management, Earn products, and private banking services16:43 Launch of retail banking accounts ("MyBank by Bybit")19:51 RWA strategy and tokenized asset outlook20:41 Product simplification, user feedback, and app restructuring24:51 AI-powered support, automation, and user experience upgrades25:54 Advanced trading tools and execution infrastructure30:11 Options market growth and institutional trading features31:35 Market crash reflection and risk management improvements34:19 2026 roadmap: payments, RWA, AI agents, and infrastructure38:40 Corporate responsibility and global community initiatives40:09 Tokenized stocks, DEXs, and future market structure44:04 Closing remarks and long-term vision

In this episode, Tekin Salimi, founder of dao5, discusses his transition from traditional crypto venture capital to building dao5, a decentralized autonomous organization (DAO). He reflects on the challenges and opportunities in the crypto space, shares insights on DAOs, venture funding, and the intersection of blockchain technology with AI, and explores the evolving crypto ecosystem in the wake of 2024 market shifts.Tekin Salimi outlines his journey from Polychain Capital to founding dao5 in 2022, where he focused on creating a unique investment fund model with a strong emphasis on adaptability. His approach in dao5 differs from traditional venture capital by prioritizing people and community formation within the decentralized framework. He delves into the market dynamics of altcoins, token distribution, and venture capital's shift toward decentralization. Tekin also highlights dao5's future governance model, where decisions will be gradually decentralized, but with a strong leadership core initially. The discussion touches on current challenges in meme coins, institutional adoption, and how the DAO model can address issues like liquidity, incentives, and governance in crypto. He concludes with thoughts on the long-term potential of decentralized AI and crypto integration.Timeline:00:00 Introduction and dao5 Overview02:46 Key Differences Between dao5 and Traditional VC04:29 dao5's Focus on People and Governance06:33 Vertical Focus and Investment Strategy08:54 Institutional Adoption vs. Crypto Native Innovation10:45 Shifting Focus Toward Enterprise and Compliance11:41 Performance of dao5's First Fund13:47 Bittensor and dao5's Role as an Incubator15:43 Blockchain and AI: Future Synergies17:05 Shift in VC Return Expectations18:50 The Meme Coin Dilemma for VCs21:09 Transitioning to a DAO: Governance and Structure23:53 Ensuring Balance Between Small and Large Stakeholders26:30 Building Value-Aligned Community Participation27:39 Handling Trust and Legal Risk with Pseudonymous Founders28:55 The Future of Crypto VCs in a DAO-Driven World30:40 Western vs. Eastern Crypto Ecosystems32:18 Overcoming Gaps in Liquidity, Networks, and Regulation

In a January 31 AMA, CZ said Binance’s core strategy today is compliance, stability, and long-term survival, rather than rapid expansion or chasing every new trend. In the current regulatory and industry environment, he stressed that lasting longer matters more than growing bigger. Binance is prioritizing sustainability over short-term scale. Strong regulation, in his view, is a structural trend in crypto—not a temporary phase—and Binance’s approach is to adapt to regulation, not fight it, with different compliance strategies across jurisdictions.CZ also said the get-rich-quick era is over. Crypto is no longer a market driven by fast money or short-term speculation. Strategies that relied on cycle timing and quick gains are fading, and the industry’s focus is shifting toward long-term building—core infrastructure, real demand, and applications that can operate within compliant frameworks.On Binance Alpha, listings, and Meme Rush, CZ positioned Alpha as an ecosystem access layer, not an endorsement. He acknowledged execution issues with Meme Rush, while emphasizing that concerns from neutral users deserve serious attention. He reiterated that exchanges provide market access, not guaranteed returns, and that investment decisions remain the user’s responsibility.From a market perspective, CZ took a more cautious stance on a near-term Bitcoin supercycle, expecting continued volatility. Long term, he remains bullish on Bitcoin and views it as superior to gold, though global consensus will take time to form. He also reaffirmed Binance’s 100% reserves and proof-of-reserves framework, noting that past stress tests have demonstrated the platform’s liquidity and asset safety.CZ also addressed market criticism and community disputes around Binance, BNB, and BNB Chain. He denied claims that Binance or he personally manipulated the market or caused the October 11 sell-off, emphasizing that price movements were driven by macro factors and that no single entity can realistically control Bitcoin’s price.Views related to the 10/10 incident reflect CZ’s personal opinion only. For the official report and broader perspectives, please refer to: LinkTimeline:00:00:00 CZ's comment on Aster00:00:46 Community raises concerns about FUD, listings, Alpha, and Meme Rush00:04:32 Rebuttal of claims that Binance caused the October 10 market crash00:04:32 Explanation of regulation, monitoring, and why manipulation claims are unrealistic00:06:45 Response to accusations about personal wealth and asset dumping00:18:20 System issues, compensation, and limits of technology during peak stress00:13:17 Origins of FUD: competitors, paid “water army,” and emotional traders00:18:34 Meme Rush rationale, implementation flaws, and listening to the silent majority00:21:13 How FUD backfires by increasing Binance visibility and user loyalty00:24:34 Personal responsibility as a core principle for traders00:26:07 Outlook on Bitcoin super cycle becomes more cautious amid volatility00:29:06 Bitcoin vs. gold: long-term superiority vs. short-term adoption reality00:30:48 Role of AI in future trading, UX, research, and exchange operations00:33:15 Proof of reserves, audits, and Binance’s handling of extreme withdrawals

At the 2026 Davos Forum's *New Era for Finance* roundtable, leading figures in the financial sector from various regions gathered to discuss how technological innovations are reshaping global finance, with a particular focus on the role of cryptocurrencies, blockchain, and artificial intelligence in payments and financial transactions. Below is an excerpt of Binance founder CZ's remarks.CZ believes that while the payments sector still faces challenges, the integration of traditional payment methods with cryptocurrency will drive significant growth in the future. He also expressed concerns about the risks associated with Bitcoin payments, Memecoins, and traditional banks, citing their high levels of speculation and uncertainty. When discussing the need for a unified global regulatory framework, CZ noted the difficulty in implementing such a framework due to varying regulations across countries. He proposed the idea of a "regulatory passport," where a license obtained in one country would be recognized by others, offering a more feasible solution than creating a global regulatory body.Text summary: LinkTimeline:00:00 Differences between cryptocurrency and traditional financial regulation03:12 CZ introduces the innovation prospects of cryptocurrency and blockchain06:40 The future of Bitcoin payments07:18 Thoughts on Memecoins and the Metaverse08:22 CZ: Traditional banks will significantly reduce in the next decade09:51 In-depth reflection on bank liquidity issues10:52 Different responses of cryptocurrency and banking systems12:29 Challenges of global regulatory frameworks and regulatory differences between countries14:35 CZ suggests "regulatory passports" as a global regulatory solution

In this episode of ETHPanda, Tomasz Stanczak, Co-Executive Director of the Ethereum Foundation, shares his journey from traditional finance to Ethereum core development. He explains how he founded Nethermind from scratch and became a driving force behind the Ethereum core protocol. Tomasz discusses the challenges he faced, including resource constraints and fundraising. He also provides insight into the future direction of the Ethereum protocol, particularly the integration of Agentic AI with ETH, and how standards like ERC-8004 are driving the adoption of AI agents on Ethereum. Additionally, he covers the interoperability of Layer 2 solutions and the Ethereum community's development strategy.Timeline:00:00 Opening & Introduction03:18 The path to Ethereum core development05:18 The advantages and challenges of starting Nethermind without funding09:23 The development of Nethermind12:45 Key milestones for Nethermind16:57 A piece of advice to my younger self19:11 Ethereum Foundation's goals and challenges22:22 Discussing Layer 2 interoperability26:38 Ethereum's future community development strategy33:29 The future of Ethereum and AI integration39:27 Ethereum as an AI collaboration layer42:34 How Agentic AI integrates with blockchain governance50:09 How the Ethereum Foundation supports AI and ETH development53:13 Contributions from China to Web3 and AI development

In this BNB Chain 2025 Year-End AMA, CZ reflects on a year that marked a turning point both for him personally and for the broader crypto industry. He talks about how life changed after receiving a pardon, and how his focus has shifted toward education, early-stage investing, ecosystem mentorship, and advising governments on crypto policy. The discussion spans key milestones across BNB Chain, Giggle Academy, YZi Labs, and Binance, highlighting renewed growth momentum on BNB Chain, continued adoption of stablecoins, and the emergence of prediction markets as an increasingly important on-chain use case. CZ also shares his perspectives on the evolution of stablecoins, the rise of AI agents, real-world asset (RWA) tokenization, and where crypto infrastructure may be headed in 2026 and beyond.Text summary: LinkTimeline:Host Interview with CZ00:00 Life after the pardon and personal reflections01:20 Four core focus areas: Giggle Academy, YZi Labs, BNB Chain ecosystem mentorship, and government advisory work05:02 Key 2025 milestones: education, BNB Chain growth, investment pace, and Binance user scale08:32 Why prediction markets are gaining momentum and how CZ views multi-team competition13:09 Stablecoins as a turning point in crypto infrastructure discussions15:39 Stablecoin "1.0 vs 2.0," yield mechanisms, regulation, and opportunities on BNB Chain17:42 What CZ looks for in founders and mission-driven teamsCommunity Q&A21:22 Advice for technical builders transitioning into business and leadership roles23:58 Lessons from BNB Chain's early "undervalued" phase and a long-term mindset27:51 Why stablecoin competition is not a zero-sum "horse race"31:47 Crypto social platforms versus X and the value of native crypto communities36:07 Early-stage prediction markets: execution over current features39:38 BNB Chain's future goals and CZ's advisory role41:50 Views on real-world asset tokenization, AI, robotics, and DePIN45:34 AI trading agents, the limits of shared strategies, and future adoption paths

At Binance Blockchain Week 2025, held on December 3–4 in Dubai, Tom Lee-Co-founder of Fundstrat and Chairman of BitMine-delivered a keynote titled "The Crypto Supercycle Intact." In his speech, he systematically outlined his long-term bullish thesis on the crypto market. His core arguments included: why tokenization is the defining theme of 2025; why he believes Bitcoin and Ethereum have already bottomed; how the traditional four-year cycle is being disrupted; why Ethereum is positioned as foundational infrastructure for the future global financial system; and why Digital Asset Treasury (DAT) companies will play a critical role in the next phase of crypto financialization.Tom Lee argues that Bitcoin's cyclical logic is being reshaped by industrial and inflation cycles, rather than the familiar four-year halving pattern. On tokenization, he emphasizes that the true transformation goes far beyond simple "digitization of assets." In his view, the future of finance involves deep financial decomposition and reconstruction, where stocks, cash-flow streams, product lines, and even the implied economic value of a CEO can be fragmented, priced, and tokenized-enhancing transparency, predictive power, and hedging efficiency across capital markets. He also describes how BitMine, as a representative DAT, aims to serve as a bridge between Wall Street and the crypto ecosystem.Text summary: LinkTimeline:00:00 Context of the speech: Tom Lee's professional roles and why he addresses crypto amid a market pullback01:36 Five themes overview: tokenization, market cycles, Ethereum, institutional opportunity, and digital asset treasury companies02:53 Reviewing a decade of asset performance: why crypto remains the strongest asset class03:55 Major positive developments in 2025: policy support and institutional adoption05:39 Tokenization becomes the core narrative of 2025: Ethereum's "ChatGPT moment"06:36 Long-term growth potential: adoption remains extremely low07:46 Assessing the market bottom: mispricing, deleveraging, and structural changes08:26 Discussion of Bitcoin's drawdown: is the four-year cycle still valid?09:36 Fundstrat model adjustments: incorporating Tom DeMark's timing indicators11:22 Dissecting the Bitcoin four-year cycle: why it may be breaking down13:40 Price implications: if the cycle breaks, Bitcoin could set new highs in January14:10 Why Ethereum is the future financial infrastructure15:41 Continued Ethereum upgrades: reinforcing its ecosystem position16:27 ETH/BTC valuation breakout: structural repricing ahead17:39 The true value of tokenization: from digitization to financial decomposition19:56 Prediction markets + tokenization: a new architecture for capital markets21:18 Strategic role of DATs in bridging TradFi and DeFi

In this interview, Ben Fisch, the founder of Espresso, elaborates on the project's technological innovations aimed at solving the fragmentation problem in Web3 blockchain ecosystems. Espresso seeks to address these challenges by offering high-speed finality and supporting Layer 2 technologies, facilitating efficient communication between different blockchains. Ben details how the project leverages improvements in consensus mechanisms and innovative technologies, such as erasure coding and zero-knowledge proofs, to reduce cross-chain latency and improve interchain interaction. He also discusses Espresso's appeal to top developers and investors, as well as its future market positioning and tokenomics model.Text summary: LinkTimeline:00:00 Origins of Espresso and Its Initial Goals03:07 The Impact of AI and Crypto Talent Competition04:17 The Causes of Web3 Fragmentation08:07 Why Digital Finance in Web3 is Still Fragmented08:37 Espresso's Technological Innovations and How It Differs from Traditional Blockchains09:00 The Advantages of Espresso in Supporting Layer 2 and Its Performance Features10:16 How Espresso Solves Cross-Chain Interaction and Finality Issues12:33 Espresso's Consensus Mechanism and Cross-Chain Communication15:08 Espresso's Consensus Design and Achieving Fast Finality18:21 How Espresso Uses Zero-Knowledge Proofs for Real-Time Cross-Chain Communication20:55 How Espresso Supports Multi-Chain Ecosystems and Bridges to Other Chains21:23 The Benefits of Espresso for Rollup Projects23:32 Rollups' Demand for Espresso and Use Cases24:46 The Value of Espresso's Token and Network Effects26:28 Reasons for Introducing the Token and Future Value Drivers29:43 Espresso's Future Vision and Market Positioning

At Binance Blockchain Week 2025, held in Dubai on December 3–4, Binance founder CZ participated in a group media interview. The Q&A covered topics such as crypto payments, digital asset treasuries, U.S. policy shifts, Giggle Academy, life perspectives, and more.CZ emphasized that payments remain crypto's biggest unresolved challenge, that successful Web3 founders must be product- and user-driven with long-term focus, and that while the DAT model is viable, its risk depends on management. He noted that renewed U.S. regulatory openness will unlock major opportunities, mainstream adoption requires regulatory clarity, infrastructure and enterprise integration, crypto is already improving financial access in developing countries, and education, philanthropy, and ecosystem development will be his personal priorities going forward.Text summary: LinkTimeline:00:00 Why Crypto Still Hasn't Solved Payments02:44 Binance's Early Vision, Organizational Evolution, and Regulatory Dynamics04:04 What Makes Founders Survive the Next Cycle: Product Focus & Long-Termism05:18 CZ on Life, Uncertainty, and What Truly Matters07:17 Sustainability and Risk Profile of the Digital Asset Treasury (DAT) Model10:33 After the Trump Pardon: Will the US Become a Core Crypto Market?12:53 How CZ Maintains Mental Health Amid Media Pressure16:22 Keys to Mainstream Adoption: Regulatory Clarity & Financial Integration19:51 How Crypto Brings Real Value to Emerging Markets23:15 Giggle Academy: Education Mission, Content Expansion & Community Funding26:52 CZ's Philanthropy Priorities and Social Impact Projects30:50 When a Billion People Use Web3: Abstraction & the Future of UX33:11 Binance's New Leadership Structure & CZ's Future Focus37:28 Daily Habits Behind CZ's Success: Learning & Staying Healthy

At Binance Blockchain Week 2025, Binance founder CZ and Euro Pacific Asset Management CEO & Global Strategist Peter Schiff engage in a fiery debate over the value and future of Bitcoin versus tokenized gold. Peter argues that tokenized gold, backed by tangible reserves, offers superior stability and real-world utility. CZ counters that Bitcoin, as a decentralized and borderless digital asset, carries unique technological advantages and growing global demand despite volatility. The two clash on payment use cases, investment value, technical foundations, and long-term prospects, ultimately holding firm to their opposing views.Text summary: LinkTimeline:00:00 Peter explains the practical use and value backing of tokenized gold04:16 Peter argues Bitcoin is like fiat money with no backing05:34 CZ presents physical gold on stage and raises the issue of verifiability09:03 CZ: Bitcoin, like the internet, is intangible yet still valuable11:45 Peter emphasizes Bitcoin has "no real utility," therefore no intrinsic value13:44 Peter explains why gold can serve as a central bank reserve asset17:12 Debate on whether Bitcoin qualifies as "money"22:29 CZ highlights Bitcoin's utility in payments and as a store of value25:25 Peter claims Bitcoin resembles a Ponzi structure27:01 Peter: Despite major tailwinds, Bitcoin's price has fallen over the past four years31:05 Peter argues Bitcoin's wealth effect comes from wealth transfer33:04 CZ shares a real example of how Bitcoin improved a user's life in Africa36:31 Debate over whether crypto payment cards actually use crypto for payments42:00 Dispute over whether Bitcoin can store value45:55 Discussion on whether speculators dominate Bitcoin's price49:25 Peter reiterates Bitcoin is purely speculative and lacks real value54:00 Debate concludes: both sides firmly maintain their positions

In this episode of the WuBlockchain Podcast, Rand Hindi, CEO of Zama, explores the transformative potential of Fully Homomorphic Encryption (FHE) in blockchain. He highlights its critical role in ensuring privacy while maintaining scalability. Zama's protocol adds a confidentiality layer to existing blockchains like Ethereum and Solana, enabling secure transactions. Hindi explains how FHE stands out from other privacy technologies such as Zero-Knowledge (ZK) proofs and Multi-Party Computation (MPC), especially in enabling confidential token transfers and DeFi applications. He also discusses Zama's progress and its upcoming token auction.Timeline:00:00 Introduction to Zama and CEO Rand Hindi's background01:27 Why privacy is becoming a critical issue for AI and blockchain technologies02:50 Explanation of FHE vs. other privacy technologies05:46 How Zama uses FHE, MPC, and ZK together to enable confidentiality on existing blockchains07:41 Integration of Zama's privacy layer with EVM-compatible blockchains09:12 Developer ease in building encrypted smart contracts on Zama's protocol10:35 Overcoming the historical challenges of FHE, including scalability and cost12:08 Zama's progress in solving compute problems and scaling FHE to Ethereum-level speeds12:47 The current technical bottleneck: hardware advancements needed for faster computation13:51 Forecast on achieving real-time encrypted computation14:28 Ensuring compliance and auditability in private computations using Zama16:10 The impact of FHE on MEV and blockchain fairness17:10 Expected use cases for FHE in crypto, such as confidential payments and token distribution19:30 Example of confidential token distribution and its importance for privacy20:40 Zama's approach to encrypted auctions for token sales23:34 Unique decentralized applications made possible only by FHE25:22 FHE's role in solving trust issues with AI agents in financial decisions28:11 Zama's team and investors, including the company's research-heavy background and funding30:34 Balancing research and execution in a decentralized, remote working environment32:54 Upcoming events: Zama's mainnet launch and token auction

In this episode, Leonard, CEO of Aster, discusses his career journey from traditional finance to the world of decentralized finance (DeFi) and the role Aster plays in the evolving crypto ecosystem. He shares insights into the competitive landscape with projects like HyperLiquid, Aster's unique product features, and its community engagement approach. Leonard also talks about the development of privacy-focused blockchain infrastructure, Aster's roadmap, and his views on the broader market trends affecting Web3 and cryptocurrencies.Text summary: LinkTimeline:00:00 Transition from TradFi to DeFi: Leonard's Early Career05:28 Collaborating with CZ: How Trust Was Built10:16 Aster's Competitive Edge: Differentiation from HyperLiquid13:02 Multi-Chain Integration and Decentralized Trading Experience17:02 Privacy-Focused Blockchain: Aster's Vision for Privacy in Trading18:03 Aster's Token Airdrop Program: Enhancing Community Engagement and Utility19:18 The Roadmap: Infrastructure, Token Utility, and Privacy Solutions27:50 Focus on AI for Improving User Experience in DeFi33:11 DeFi Users' Concerns and Aster's Trust-Building Strategy40:23 Market Outlook: The Importance of Survival and Positive Cash Flow

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "Asia's Crypto Frontier: Balancing Regulation and Compliant Growth". The session was moderated by Angelina Kwan, Managing Director of Stratford Finance, and featured speakers Wong Huei Ching, Executive Director of Digital Strategy and Innovation at the Securities Commission Malaysia; Uli Agustina, Director of Digital Financial Assets and Crypto Assets Supervision at Otoritas Jasa Keuangan (Indonesia Financial Services Authority); and Harry Kim, Chief Business Officer at Kintsugi Technologies.The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future,"supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport.Text summary: LinkTimeline:00:00 Introduction and framing: Asia's regulatory leadership in crypto02:34 Korea pushes for ETPs, catching up with Hong Kong05:02 Korea's phased legislation: exchanges, custodians, stablecoins07:24 Malaysia pushes institutionalization and bank-crypto collaboration10:27 Tokenization sandbox initiatives in Malaysia13:36 Indonesia's clearinghouse and custodian setup16:09 Real-world use cases: cattle tracking, property tokenization18:52 Perpetuals and ETPs: regulated exchanges entering the space23:21 Korea's tax and custodian regulations still evolving24:49 Malaysia's custodian licensing regime and bank involvement26:57 Indonesia's 2026 focus: derivatives regulation, innovation sandbox30:36 Korea eyes more institutional participation with regulation

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "Hong Kong's Breakthroughs, Innovation and Safeguarding". The session was moderated by Gary Tiu (Executive Director, Head of Regulatory Affairs, OSL Group), with guest Eric Yip (Executive Director, Intermediaries Department, SFC Hong Kong). The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future," supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport.On 3 November, the SFC issued a circular allowing licensed local Virtual Asset Trading Platforms to share order‑books with affiliated overseas platforms -- meaning Hong Kong investors will soon be able to trade into the same liquidity pool as overseas markets, directly accessing deeper liquidity and closer to international pricing.Timeline:00:00 Philosophy and Challenges of Crypto Regulation in Hong Kong03:47 Balancing Regulatory Rules and Principles06:21 Differences Between Banking and Regulatory Mindsets09:30 Progress and Goals of SFC Policies in 202310:35 Progress and Challenges of Regulatory Frameworks11:55 Promoting Rapid Innovation and Licensing Programs14:17 The "Quick Failure" Mechanism in Regulation16:00 Trial-and-Error Challenges and Strategies in Policy Making18:11 Product Innovation and Development Expectations

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "From Hong Kong to the Middle East: The Evolution of Digital Assets Regulation". The session was moderated by Rocky Tung (Director, Policy Research & Specialist Advisor, Financial Services Development Council, Hong Kong), with guests Elizabeth Wong (Director of Intermediaries & Head of FinTech, Securities and Futures Commission, Hong Kong) and Wai Lum Kwok (Senior Executive Director, Financial Services Regulatory Authority, Abu Dhabi Global Market). The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future," supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport.On 3 November, the SFC issued a circular allowing licensed local Virtual Asset Trading Platforms to share order‑books with affiliated overseas platforms -- meaning Hong Kong investors will soon be able to trade into the same liquidity pool as overseas markets, directly accessing deeper liquidity and closer to international pricing.Text summary: LinkTimeline:00:00 Introduction: Hong Kong Financial Services Development Council01:49 SFC's early regulatory experiences and developments04:08 Hong Kong's latest policy: Accessing global liquidity07:05 Changes in Abu Dhabi's regulatory framework08:39 The trend of integration between traditional finance and crypto markets10:40 Regulatory challenges in cross-border transactions and capital flows12:59 Tokenized assets and global regulatory alignment14:31 Progress in Hong Kong's digital asset ecosystem development15:06 The relationship between license approval processes and market development18:56 Interoperability and the integration of technology and regulation22:10 Practical applications and market feedback on tokenized assets

In this episode, Georg Hahn, Delivery and Execution Lead for Bitpanda's Web3 projects, discusses the Vision ecosystem and how Bitpanda is bridging traditional finance (TradFi) and decentralized finance (DeFi). Georg explains how the Vision token powers Bitpanda's Web3 infrastructure -- a suite of products empowering both retail and institutional users -- with a focus on tokenomics, governance, and partnerships.Bitpanda is a cryptocurrency trading platform that provides user brokerage services for Bitcoin and other digital assets. It has a wallet and trading platform, enabling users to buy and sell cryptocurrencies using Euro, credit cards, Skrill, SEPA transfers, and other methods.Text summary: LinkTimeline:00:00 Introduction and Background04:25 The Vision Ecosystem at Bitpanda08:39 Pillars of the Vision Ecosystem12:38 Comparing Vision to Other Tokens18:37 Strategic Partnership with SG Forge20:30 Strategic Goal Behind Bringing SG Forge Stablecoins Directly On-Chain22:02 Balancing Innovation and Compliance25:32 The Future of European Exchanges in Web328:48 Competition vs Collaboration Among European Platforms30:21 Vision Ecosystem's Global Expansion: Focus on Asia34:58 Europe's Web3 Identity: Compliance and Long-Term Sustainability39:11 Vision's Path Forward

In this in-depth interview, Deribit CEO Luuk Strijers shares insights into the company's journey from a niche crypto options platform to a leader in institutional trading. Deribit is currently the largest cryptocurrency options exchange. Its BTC options trading volume accounts for over 80% of the total market, while ETH options make up more than 90% of the total ETH options market volume.Luuk highlights Deribit's early entry, product specialization, and robust infrastructure as key advantages over multi-product competitors like Binance. Luuk details the reasoning behind Deribit's acquisition by Coinbase, citing strategic alignment and expanded global reach. He addresses regulatory challenges, especially KYC complexities, and emphasizes a continued institutional focus. Luuk also shares thoughts on DeFi competitors, expansion plans, product development (including smaller contracts and longer-dated options), and Deribit's vision as Coinbase's international options arm. Text summary.Timeline：00:00 Luuk's Background and Journey into Crypto02:20 Why Deribit Dominates Crypto Options Despite Big Exchange Competition05:20 Product Depth vs. Liquidity vs. Trust: What Drives Deribit's Market Leadership07:25 Coinbase Acquisition: Why Deribit Chose to Sell and Future Synergies10:05 Addressing KYC Complaints and Future Compliance Under Coinbase13:55 Will Deribit Ban Users from China or Hong Kong Post-Acquisition?14:20 Can On-Chain Platforms Like Hyperliquid Challenge Centralized Exchanges?18:00 Strategic Focus: Deribit's Roadmap After Joining Coinbase20:12 Role of Asia in Deribit's Future Growth20:55 Team Size and Culture: Deribit vs. Coinbase Workforce22:10 Biggest Challenges as CEO and Core Competitive Edge in One Sentence24:25 On Competing with IBIT and Market Share Impacts27:53 Expanding Beyond BTC/ETH: Will Deribit Add More Assets Like Gold?31:14 Linear Contracts and Smaller Sizes to Increase Accessibility32:20 Demand for Long-Dated Options (LEAPs) and RFQ-Based Solutions33:27 Institutional Strategy and Why Coinbase-Style Culture Matters

This episode features two segments from OKX Founder and CEO Star Xu at the TOKEN2049 conference: a keynote speech and a fireside chat. The audio content is in English.In his keynote, Star Xu reflected on the evolution of the crypto industry over the twelve years since OKX was founded, highlighting Bitcoin and stablecoins as two major milestones. He contrasted traditional finance, which he described as a "closed system," with DeFi as an "open system." He emphasized that the future of finance will be built on transparent, interoperable, and global on-chain infrastructure, enabling full tokenization of assets and payments.In the fireside chat, Star Xu focused on the rollout and vision of OKX's payment product, OKX Pay. He revisited the rise of Bitcoin and stablecoins, stating that stablecoins are poised to become the core infrastructure of future payments -- enabling low-cost, cross-border, peer-to-peer transactions, while also exceeding traditional banks in terms of security and compliance.Text summary: LinkTimeline:Keynote Speech by Star Xu00:00 Bitcoin and stablecoins as the foundation of the crypto industry01:08 The transparency and globalization of DeFi02:51 Self-custody and compliance empower users to regain control04:42 OKX builds real-time on-chain monitoring and global compliance framework05:30 X Layer and OKX Vision Fund support the on-chain financial ecosystemFireside Chat06:30 How crypto payments can integrate into daily life08:40 Stablecoins as the future infrastructure for cross-border payments10:01 How OKX Pay differs from and improves on traditional credit card payments12:38 How on-chain payments enable yield generation for users14:49 OKX as a liquidity hub for stablecoins15:32 Why OKX chose a hybrid "self-custody + compliance" model16:00 Multi-signature security to protect user funds16:40 X Layer as the global infrastructure powering OKX Pay

The episode of the WuBlockchain Podcast features an interview with Salman Avestimehr, Co-Founder of ChainOpera, for an in-depth discussion on building an AI-agent and model network through community co-creation and co-ownership. Focusing on the intersection of AI and blockchain, the conversation examined how decentralized AI can impact people's lives—much as the internet once brought individuals closer together—by enabling humans to interface more easily with complex ecosystems, giving individuals a degree of agency when facing large centralized systems, and allowing everyone to participate, co-create, and co-own.Text summary: LinkTimeline:00:00 Founding catalyst for ChainOpera02:22 What is ChainOpera AI's mission?03:50 What problems is "decentralized AI" meant to solve?06:15 Team composition and roles08:54 What do "Crypto GPT/Crypto AGI" signify?12:06 Where do AI and blockchain best intersect?16:57 How does ChainOpera AI differ from peer projects?18:45 User base and activity metrics20:25 Four-layer architecture and division of responsibilities22:31 Ecosystem progress23:45 How will AI agents evolve?29:33 Next-step roadmap