In this episode of Bits + Bips, hosts Austin Campbell, Ram Ahluwalia, and Chris Perkins tackle a packed agenda: from the fairness of Binance’s listing fees to the ways in which DeFi didn’t perform well during the “Black Friday” crash, why Tempo’s $500 million raise might have been a political ploy, and the growing war over stablecoin dominance.

The trio debates whether Bitcoin is undervalued compared to gold, why Ethereum’s 10-year track record gives it an edge, and whether today’s Digital Asset Treasuries (DATs) are just froth, or the permanent backbone of institutional crypto.

Plus: Austin makes a bold prediction about the stablecoin that will dominate by 2040.

Sponsors:

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  Mantle

  
  

Hosts:

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  Ram Ahluwalia, CFA, CEO and Founder of Lumida

  
  


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  Austin Campbell, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting

  
  


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  Christopher Perkins, Managing Partner and President of CoinFund

  
  

  
  

  
  

Links:

Binance Listing Fee Drama

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  Unchained: 

  
  




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  Binance Listing Fee Fight: What’s a Fair Price to List on the Top Crypto Exchange?

  
  


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  Binance Claims It Does Not Profit From Token Listings

  
  




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  Jesse Pollak (Base) chimes in

  
  

Tempo & Dankrad

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  Fortune: Exclusive: Stripe-backed blockchain startup Tempo raises $500 million round led by Joshua Kushner’s Thrive Capital and Greenoaks

  
  


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  Ethereum core dev Dankrad Feist joins Tempo

  
  


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  Reactions:

  
  




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  Ryan Adams (Bankless): Tempo will optimize for itself, not ETH.

  
  


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  Nick Almond: Not a death sentence for ETH

  
  


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  Breadguy: Big loss. Dankrad was a major L1 scaling advocate.

  
  

Black Friday

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  Dan Wilson: 3 big lessons post-crash

  
  

Gold vs. BTC

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  GOLD/BTC up ‎23.5% in past month

  
  


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  Bitcoin Is Undervalued vs. Gold

  
  

DATs

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  Bloomberg: Huobi Founder Li Lin Set To Launch $1 Billion Ether Accumulator - Bloomberg

  
  


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  CoinDesk: Ripple Set to Enter Corporate Treasury Business With $1B Acquisition of GTreasury

  
  

Timestamps:

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  🎬 0:00 Intro

  
  


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  💸 3:39 Binance listing fees — fair price for distribution or pay-to-play?

  
  


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  🏛️ 10:19 What is the best way to go public?

  
  


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  ⚔️ 11:57 How exchanges really compete behind the scenes

  
  


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  💥 15:00 “Black Friday”: why Chris calls it catastrophic — but with a silver lining

  
  


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  🧱 24:52 What the industry must fix to prevent another meltdown

  
  


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  💵 30:15 How Tempo’s $500M raise represents peak frothiness

  
  


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  🚨 39:12 Is Dankrad’s exit from the Ethereum Foundation a red alarm for ETH?

  
  


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  🔮 43:07 Austin’s bold prediction: which stablecoin wins by 2040

  
  


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  🥇 46:17 Is Bitcoin undervalued compared to gold?

  
  


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  🏗️ 52:21 Why DATs are here to stay despite the market carnage

  
  

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