FCAT Crypto Brief™

  Listen in as our hosts are joined by Bryan Pellegrino, CEO and Co-founder of LayerZero Labs, to explore the evolving infrastructure powering blockchain interoperability. From his unconventional journey—from poker pro to protocol architect—to the technical and economic implications of unified liquidity, Bryan shares his insights on tokenization, governance, and the future of agentic AI on-chain. Whether you're crypto-native or crypto-curious, this episode offers a compelling look at how organizations like LayerZero are reshaping cross-chain communication and user experience.   Episode Topics:     [0:00] Intro [1:26] News Rundown [2:55] Bryan’s Story [4:58] An Introduction to Interoperability [9:29] Innovations in Tokenization [12:20] Governance Deep-dive [17:01] Considerations for Unified Liquidity [20:43] Facilitating Currency Exchange [24:07] Exploring the Stargate Acquisition [27:09] Opportunities for Agentic AI on-Chain [30:22] Final Thoughts & Outro       Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.   Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW.  Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.   Chapters (00:00:00) - Intro(00:01:26) - News Rundown(00:02:55) - Bryan’s Story(00:04:58) - An Introduction to Interoperability(00:09:29) - Innovations in Tokenization(00:12:20) - Governance Deep-dive(00:17:01) - Considerations for Unified Liquidity(00:20:43) - Facilitating Currency Exchange(00:24:07) - Exploring the Stargate Acquisition(00:27:09) - Opportunities for Agentic AI on-Chain(00:30:22) - Final Thoughts & Outro

Last episode, we asked if crypto is mainstream. Now, with adoption surging and regulation taking shape, the focus shifts: how is crypto reshaping finance, policy, and global markets inside and out? Tune in as our hosts break down what “maturity” means in 2025, tracing crypto’s early roots in the late-augts, highlight insititutional and governmental initiatives, and why it could matter for everyone: crypto natives, tradfi leaders, and everyday users alike.   Episode Topics:     [0:00] Intro [03:20] Evolution of Prediction Markets [13:33] Luxembourg’s Sovereign Wealth Fund [21:50] Reflections on Crypto’s Evolution [28:55] Final Thoughts & Outro       Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.   Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW.    Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.   Chapters (00:00:00) - Intro(00:03:20) - Evolution of Prediction Markets(00:13:33) - Luxembourg’s Sovereign Wealth Fund(00:21:50) - Reflections on Crypto’s Evolution(00:28:55) - Final Thoughts & Outro

From end-user innovations to new legislation, crypto and the larger blockchain ecosystem have recently headlined numerous stories worldwide. However, as the industry wrestles with topics like utility, clarity, and untapped economic opportunities, the question still remains: is crypto mainstream?  In this episode, our hosts delve into crypto acceptance, adoption, and education — exploring what “mainstream” actually means and the extent to which this all matters for various cross-industry stakeholders.    Episode Topics:     [0:00] Intro  [02:15] Biweekly News Roundup  [10:55] Defining “Mainstream”  [22:37] Key Crypto Signals & Milestones  [28:27] Final Thoughts & Outro        Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.   Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW.    Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.   Chapters (00:00:00) - Intro(00:02:15) - Biweekly News Roundup(00:10:55) - Defining “Mainstream”(00:22:37) - Key Crypto Signals & Milestones(00:28:27) - Final Thoughts & Outro

In this special live edition — recorded during this year’s ETH Boston — our hosts unpack the latest developments in tokenization and the evolving role of real-world assets (RWAs) across crypto. From reflections on the event to deep-dives into key technical, economic, and end user implications, get a comprehensive look at how tokenization could impact financial markets and user experience into the future.   Episode Topics:   [0:00] Intro [2:06] Reflections on ETH Boston [4:12] Background & Considerations Surrounding Tokenization [14:47] An Exploration of Real World Assets [24:21] Private Credit Deep-dive [28:09] Implications for Users & Underlying Networks [36:32] Final Thoughts & Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:02:06) - Reflections on ETH Boston(00:04:12) - Background & Considerations Surrounding Tokenization(00:14:47) - An Exploration of Real World Assets(00:24:21) - Private Credit Deep-dive(00:28:09) - Implications for Users & Underlying Networks(00:36:32) - Final Thoughts & Outro

As an asset, bitcoin has reached global recognition and widespread adoption — however, as a technology, it’s still often misunderstood. Listen in as our hosts are joined by Jack Blatchford of FCAT’s Blockchain Incubator to explore how the network has quietly progressed, utility has expanded, and development has flourished. Want to learn more? Check out the full report to help stay ahead of the curve and dive into the latest developments, expert insights, and in depth analysis of the technology driving the future of Bitcoin: https://fcatalyst.com/blog/aug2025/the-bitcoin-renaissance-part-two-a-technical-deep-dive   Episode Topics:   [0:00] Intro [1:10] Biweekly News Roundup [11:55] The Bitcoin Renaissance [15:50] SegWit & the Blocksize Wars [17:47] Soft Forks, Hard Forks, & The Bitcoin Community [24:51] About Covenants [28:40] What (Might) Be Next for Bitcoin [33:30] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:01:10) - Biweekly News Roundup(00:11:55) - The Bitcoin Renaissance(00:15:50) - SegWit & the Blocksize Wars(00:17:47) - Soft Forks, Hard Forks, & The Bitcoin Community(00:24:51) - About Covenants(00:28:40) - What (Might) Be Next for Bitcoin(00:33:30) - Outro

Join our hosts as they dive into the world of crypto treasury companies—exploring how they work, their impact across both DeFi and traditional finance, and key considerations around emergent models.   Episode Topics: [0:00] Intro  [1:30] News Rundown  [4:42] Key Concepts & Definitions  [7:54] Transaction Structures Overview  [22:55] Risks & Considerations  [29:02] Key Takeaways & Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:01:30) - News Rundown(00:04:42) - Key Concepts & Definitions(00:07:54) - Transaction Structures Overview(00:22:55) - Risks & Considerations(00:29:02) - Key Takeaways & Outro

Join our hosts as they sit down with Stephen Patane, Vice President of Crypto and Digital Assets Policy at Fidelity Investments, to unpack the evolving landscape of U.S. crypto regulation. We’ll explore key provisions of recent legislation, how federal agencies are responding to these changes, and key takeaways for stakeholders across the DeFi landscape.   Episode Topics: [0:00] Intro [2:00] Ethereum Turns Ten [4:45] Welcome to Stephen Patane [6:34] A Deep-dive into Recent Legislation [24:08] Updates from the President's Working Group [29:58] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:02:00) - Ethereum Turns Ten(00:04:45) - Welcome to Stephen Patane(00:06:34) - A Deep-dive into Recent Legislation(00:24:08) - Updates from the President's Working Group(00:29:58) - Outro

We’re celebrating 100 episodes of the Crypto Brief! Join our hosts as we take a look back at three years of headlines, innovations, and evolution on-chain—addressing some of the top trends and market factors that have emerged since we started back in 2022.   Episode Topics: [0:00] Intro [2:17] News Roundup [8:01] New Approaches to Tokenization [15:02] The Evolution of Chains [20:00] Powering the Future of Blockchain [28:40] Revisiting Tokenization Complexities [30:47] Key Takeaways [34:35] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:02:17) - News Roundup(00:08:01) - New Approaches to Tokenization(00:15:02) - The Evolution of Chains(00:20:00) - Powering the Future of Blockchain(00:28:40) - Revisiting Tokenization Complexities(00:30:47) - Key Takeaways(00:34:35) - Outro

Historically, traditional and decentralized finance have remained fairly separate, but as these two worlds continue to converge, what are builders prioritizing across the financial landscape and what value might be unlocked by strategic integration? Listen in as the hosts are joined by Sergey Nazarov, co-founder of Chainlink, to discuss his work and vision for the future of blockchain. Learn about on-chain security, permissionless innovation, the role of oracles, and how TradFi and DeFi stakeholders can work together to build better networks.   Episode Topics: [0:00] Intro [01:14] GENIUS Act Update [06:52] About Chainlink [13:48] Security On-chain [21:22] Integrating with Solana [26:29] Linking TradFi & DeFi [30:12] Permissionless Innovation [32:16] The Role of the Oracle [46:48] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:01:14) - GENIUS Act Update(00:06:52) - About Chainlink(00:13:48) - Security On-chain(00:21:22) - Integrating with Solana(00:26:29) - Linking TradFi & DeFi(00:30:12) - Permissionless Innovation(00:32:16) - The Role of the Oracle(00:46:48) - Outro

What’s next for crypto? How do experts track signals and develop new solutions? How do we drive innovation on-chain? The hosts are joined by Ari Juels, a Professor at Cornell Tech, Co-founder and Co-director of the Initiative for CryptoCurrencies and Contracts (IC3), and Chief Scientist at Chainlink Labs — as well as FCAT researcher and Principal Blockchain Engineer Developer Kosala Yapa Mudiyanselage — to discuss how academia and industry are teaming up to solve some of blockchain’s greatest challenges and unlock new opportunities across the ecosystem. Learn about the origins of maximal extractable value (MEV), how collaboration between FCAT and our academic partners has developed a potential solution to improve fairness on-chain (PROF), and how research sparks innovation for users across networks. For a closer look at the PROF project, check out https://prof-project.github.io/.   Episode Topics: [0:00] Intro [3:28] Biweekly News Roundup [7:20] An Intro to IC3 & Exploration of MEV [11:55] Exploring Protected Order Flow (PROF) [14:52] On Fairness [19:06] Economic & Regulatory Factors [23:43] How Research Sparks Innovation On-chain [31:21] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:03:28) - Biweekly News Roundup(00:07:20) - An Intro to IC3 & Exploration of MEV(00:11:55) - Exploring Protected Order Flow (PROF)(00:14:52) - On Fairness(00:19:06) - Economic & Regulatory Factors(00:23:43) - How Research Sparks Innovation On-chain(00:31:21) - Outro

Got questions? We’ve got answers. Join us on this special Q&A episode of the Crypto Brief as hosts Matt Allen and Jack Neureuter address the future of mining and the current state of crypto venture.   Episode Topics: [0:00] Intro [1:10] Biweekly News Roundup  [10:46] Proof of Work & the Evolving Role of Mining  [18:43] The Current State of Crypto Venture  [24:42] Recent Trends in Fundraising  [32:04] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:01:10) - Biweekly News Roundup(00:10:46) - Proof of Work & the Evolving Role of Mining(00:18:43) - The Current State of Crypto Venture(00:24:42) - Recent Trends in Fundraising(00:32:04) - Outro

Imagine a world where blockchain platforms can be fast, secure, and scalable all at once. Sounds too good to be true? Welcome to the Blockchain Trilemma, the ultimate tradeoff that’s long challenged developers and users alike. In this episode, we’re diving straight into the strategic drivers and decisions that have shaped two of the most popular blockchain networks: Ethereum and Solana. Join us as we weigh the pros and cons of each network, explore the underlying strategies and communities, and discuss the wins, frustrations, and recent developments that continue to shape the future of blockchain.   Episode Topics: [0:00] Intro [1:36] Biweekly News Roundup  [8:50] The Blockchain Trilemma  [11:20] Pros, Cons & Everything In-between  [20:58 Network Strategies & Culture  [28:24] What’s on the Horizon?  [30:16] Outro         Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:01:36) - Biweekly News Roundup(00:08:50) - The Blockchain Trilemma(00:11:20) - Pros, Cons & Everything In-between(00:20:58) - Network Strategies & Culture(00:28:24) - What’s on the Horizon?(00:30:16) - Outro

Listen in as our hosts dive into another big week in crypto. On this episode of the Crypto Brief, the team is joined by Senior Manager of Bitcoin Mining at FCAT, Kevin Kelly, to discuss Ethereum’s upcoming Pectra upgrade and what it might mean for users.   Episode Topics: [0:00] Intro [1:46] Biweekly News Roundup [4:23] Pectra Upgrade: Features Deepdive [22:14] About Blobs [26:26] Ethereum at a Crossroads [30:42] Key Takeaways       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved. Chapters (00:00:00) - Intro(00:01:46) - Biweekly News Roundup(00:04:23) - Pectra Upgrade: Features Deepdive(00:22:14) - About Blobs(00:26:26) - Ethereum at a Crossroads(00:30:42) - Key Takeaways

Listen in as our hosts address the question of business expansion in crypto. On this episode, the team discusses recent M&A activity, strategic investments, and what organizations might consider as they seek to expand their offerings and market share. Tune in to learn how these moves will impact the future of DeFi.   Episode Topics: [0:00] Intro [01:22] Crypto Brief news update [07:02] Recent M&A activity [14:52] The impact of strategic investments on customer experience [26:50] Outro       Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.

Listen in as our hosts dive into another big week in crypto. On this episode of the Crypto Brief, the team discusses recent crypto M&A events and how companies are approaching questions around IPO and funding.   Episode Topics: [0:00] Intro [1:48] Recent M&A Events [8:36] Updates on Tether     A quick note to our audience: starting today, the Crypto Brief will be moving to a biweekly cadence. Stay connected with us beyond the podcast by following FCAT on Instagram, LinkedIn, and X where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.

Listen in as our hosts dive into another big week in crypto. On this episode of the Crypto Brief, the team discusses new verified pools, the launch of a new EVM-compatible network, and acquisitions that could help converge DeFi with TradFi.   Episode Topics: [0:00] Intro [1:45] The Recent Development of New Verified Pools [15:23] The Launch of a New EVM-compatible Network [27:00] An Acquisition That Could Help Converge DeFi with TradFi       Stay connected with us beyond the podcast by following FCAT on Twitter, Instagram, and LinkedIn, where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.

Listen in as our hosts dive into another big week in crypto. On this episode of the Crypto Brief, the team discusses a reversal of the IRS’s DeFi broker rule, Mesh’s Series B funding, a perpetual futures liquidation event, and a recent sandwich attack.   Episode Topics: [0:00] Intro [1:30 ] IRS DeFi Broker Rule Overturned [5:16] Mesh Secures Series B Funding [10:30] Hyperliquid Liquidation Event [18:10] Crypto Trader Sandwich Attack         Stay connected with us beyond the podcast by following FCAT on Twitter, Instagram, and LinkedIn, where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.

Listen in as our hosts dive into another big week in crypto. On this episode of the Crypto Brief, the team discusses recent updates on DeFi governance and crypto reserve strategies in the U.S. and El Salvador.   Episode Topics: [0:00] Intro [01:50] Executive Order to create a strategic bitcoin reserve and digital asset stockpile [15:12] The Future of Bitcoin Reserves in El Salvador [25:07] Updates on DeFi governance       Stay connected with us beyond the podcast by following FCAT on Twitter, Instagram, and LinkedIn, where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.

Listen in as we explore another big week in crypto. On this episode, our hosts dive into the Bybit hack — what happened, how the company has reacted, and what this means for the broader industry.   Episode Topics: [0:00] Intro [3:05] Background on the Bybit hack [14:46] How Bybit is responding [19:22] Broader crypto industry implications       Stay connected with us beyond the podcast by following FCAT on Twitter, Instagram, and LinkedIn, where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.

Listen in as our hosts dive into another big week in crypto. On this episode of the Crypto Brief, the team discusses the first SEC-registered interest-bearing stablecoin, a new public testnet, and how regulators are refocusing their efforts to protect investors.   Episode Topics: [0:00] Intro [0:57] The first SEC-registered, interest-bearing stablecoin [11:12] New public testnet launch [22:52] Regulators refocus on consumer protection       Stay connected with us beyond the podcast by following FCAT on Twitter, Instagram, and LinkedIn, where we share additional insights and updates on all things emerging tech. Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2025 FMR LLC. All rights reserved.