🪙 Should Crypto Tokens Come With Real Investor Rights?
As BitMEX quietly winds down after 11 years, Steven Goldfeder of Offchain Labs joins Kain and Taylor to explores why failed token projects rarely get the same grace. They also debate whether crypto’s grant-funded era is ending, what Uniswap’s permissioned pools mean for token holders, the rise of North Korean hacking crews, and the growing tension between Solana builders and Multicoin.

🚧 Will Every Failed Crypto Idea Eventually Work?
On the Chopping Block, YC’s Nemil Dalal joins the panel to discuss why he’s more bullish than ever despite a wave of shutdowns across crypto. The conversation spans DAOs, creator coins, onchain reputation, Base’s consumer strategy reset, AI-agent payments, and whether crypto’s real purpose has always been money.

⚖️ Has ‘Control’ Replaced Decentralization as Crypto’s Legal Test?
An AI agent’s escape from a sandbox sparks a broader discussion about open-source software, liability, and regulation. The DEX in the City crew also examines the Clarity Act’s vote count, Hester Peirce’s latest DeFi comments, and why regulators increasingly care less about decentralization and more about who ultimately controls a system.

📈 Real-World Assets Just Beat Crypto on Hyperliquid
For the first time, RWAs generated more trading volume than crypto assets on Hyperliquid. Lorenzo Valente of ARK Invest joins Austin, Ram, and Chris to debate whether tokenized stocks are becoming a bigger opportunity than crypto-native markets, while also tackling AI competition, Google’s slowing cash flow, geopolitical risks, and the widening rift between Multicoin and its ecosystem.

🕵️ Who Will Win Crypto’s Privacy Race?
Privacy is emerging as one of crypto’s biggest battlegrounds. Leaders from Aztec, Logos, and Helius debate whether Zcash, Ethereum, Aztec, or Canton has the strongest path forward, why institutions increasingly demand onchain privacy, how the recent Zcash counterfeit-mint bug exposed the challenges of advanced cryptography, and whether quantum threats will force the industry to rethink its assumptions.