DiscoverUnchainedBits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913
Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Update: 2025-10-01
Share

Description

Crypto’s bull run may be far from over, but the battleground is shifting. 


On this week’s Bits + Bips, Bill Barhydt of Abra and Robert Leshner of Superstate join Ram Ahluwalia and Steven Ehrlich to debate: 




  • The current state of the markets with a looming government shutdown 




  • SWIFT’s move to build on Linea, an Ethereum layer 2




  • Hyperliquid vs Aster




  • The future of perps vs. spot 




  • Why some DATs are starting to look like grifts 




  • Whether DeFi billionaires will ultimately eclipse their CeFi predecessors 




Plus: Binance’s and Tether’s valuation, CZ as the entrepreneur of the decade, and why the industry may be entering an era of “perpification.”


Thank you to Xapo for sponsoring this episode!


Hosts:




  • Ram Ahluwalia, CFA, CEO and Founder of Lumida




  • Steven Ehrlich, Executive Editor at Unchained




Guests: 



Steve’s story on the DAT that claimed it raised much more than it actually did


Subscribe to Bits + Bips newsletter here






Timestamps:




  • 🎬0:00 Intro




  • 📈 3:26 Why Bill believes the bull run is far from over




  • 🧐 5:10 Why Ram is pushing back on market FUD




  • 🏛️ 9:10 Will a government shutdown impact markets?




  • 🌐 12:48 Why SWIFT building on Ethereum’s Linea layer 2 is such a big deal




  • 🏦 22:15 Whether it even matters if banks embrace crypto




  • ⚠️ 27:50 How one DAT may have been the “ultimate grift”




  • ⚔️ 35:58 Inside the DEX perps wars: Hyperliquid vs Aster




  • 👑 40:32 How valuable Binance and CZ really are to the industry




  • 🚀 50:39 What advantages make Hyperliquid stand out in the perp battle




  • 🤔 53:14 Why picking winners in trading isn’t so simple




  • 🔄 57:29 Winners in stablecoin race plus why perps are better than spot



Learn more about your ad choices. Visit megaphone.fm/adchoices

Comments 
In Channel
loading
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Laura Shin