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Crypto just shrugged off a Fed hike and the death of the Clarity Act. Ryan and David break down the early-bull signal, the SEC’s tokenized-stock breakthrough, the coming options race, and Hyperliquid’s path into the U.S.

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TIMESTAMPS & RESOURCES

0:00 Intro

0:26 Bull Market Signals: BTC, Zcash & Altcoins

https://x.com/econoar/status/2099874713539604734

https://x.com/TrustlessState/status/2100286172253815281

https://x.com/AviFelman/status/2100288435474825301

https://x.com/NEARProtocol/status/2099968050405495246

https://x.com/NEARProtocol/status/2099883498848784778

8:39 Macro: Tom Lee, Bonds & the Fed Hike

https://x.com/StockMKTNewz/status/2100267546683543913

https://x.com/geiger_capital/status/2099503989364609340

https://x.com/CNBC/status/2100284014221295770

https://www.bloomberg.com/news/videos/2026-09-16/fed-chairman-warsh-calls-rate-hike-a-sober-decision-video

https://www.cnbc.com/2026/09/16/trump-fed-interest-rate-warsh.html

23:43 Clarity Act Falls Apart

https://x.com/CoinDesk/status/2099429197034766830

https://x.com/tradfi/status/2099319531168731528

https://x.com/Polymarket/status/2099529644596731950

https://x.com/EleanorTerrett/status/2100389230874689650

26:27 Regulators Fill the Gap: SEC & Tokenized Stocks

https://x.com/chairmanselig/status/2100232064259735589

https://x.com/SECPaulSAtkins/status/2100256253645668860

https://x.com/hosseeb/status/2100274788170162522

https://x.com/SECPaulSAtkins/status/2100572313334821271

https://x.com/Bankless/status/2100582318335275190

https://x.com/NateGeraci/status/2100581006004691453

42:31 The Crypto Options Race

https://thedefireport.io/research/the-watch-list-derive-drv

https://www.bankless.com/podcast/crypto-is-ready-for-onchain-options-nick-forster-ceo-of-derive

https://x.com/TrustlessState/status/2100297485147406766

45:46 Hyperliquid Comes Onshore

https://x.com/Payward/status/2100178016617869710

https://www.payward.com/press-release/payward-hyperliquid-onchain-perpetual-futures

48:38 Arc Chain Launches

https://x.com/arc/status/2100170550857404852

50:50 OpenZeppelin Joins S&P Global

https://x.com/OpenZeppelin/status/2100557026438848568

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Not financial or tax advice. See our investment disclosures here:

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Circle just launched Arc Mainnet, and its ambition is much bigger than putting USDC on another blockchain. Circle Chief Product and Technology Officer Nikhil Chandhok joins David on launch day to unpack the vision for an “economic OS” built around fast settlement, stablecoin gas, privacy, and institutional-grade financial infrastructure.

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TIMESTAMPS

0:00 Arc Mainnet Is Live
2:57 The “Economic OS” Vision
5:29 Validators, Privacy and Post-Quantum Security
8:27 How Private Is Arc?
12:24 Immutability and the Lazarus Test
16:14 What Gets Built on Arc First?
19:19 AI Agents Become Economic Actors
26:45 Agentic Commerce Gets Real
33:17 Reputation, Nano-Payments and Agent Credit
36:37 Tokenized Stocks and 24/7 Markets
39:59 Solving the On-Ramp and FX Problem
47:39 What Happens After Launch Day?
49:16 Closing Thoughts

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RESOURCES

Nikhil Chandhok
https://x.com/chandhok

Arc
https://www.arc.io/

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Not financial or tax advice. See our investment disclosures here:
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Getting the direction of ETH right doesn’t guarantee you survive the trade. Derive co-founder Nick Forster joins David Hoffman to unpack why crypto’s options market has lagged behind perps, and why he believes that is changing. From the October 10 crash to a $300,000 Ethereum trade, they explore the different risks of leveraged bets, where options-based yield comes from, and why the deadline matters.

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TIMESTAMPS

0:00 Why Options Lagged
5:56 The October 10 Shift
9:03 Options vs. Perps
21:37 Market Size & Economics
27:26 Derive’s HYPE Strategy
30:01 Why Onchain Matters
33:09 Inside the Risk Engine
35:51 What V3 Changes
38:02 Options in Everyday Apps
41:53 Does Volume Lift Prices?
44:08 Following Derive

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RESOURCES

Nick Forster
https://x.com/nickforster

Derive
https://x.com/DeriveXYZ

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Not financial or tax advice. See our investment disclosures here:
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Crypto speculation is back, but is this really a new bull phase? Ryan and David unpack the altcoin surge, Treasury’s escalating bond-market fight, Robinhood’s tokenized stock boom, and the OpenAI controversy raising new questions about AI, privacy, and ownership.

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TIMESTAMPS & RESOURCES

0:00 Intro

2:03 Altcoin Season & Degen Debasement Trade

https://www.tradingview.com/symbols/BTC.D/

https://x.com/JustDeauIt/status/2095608847381733386

16:00 Treasury vs. The Bond Market

https://x.com/KobeissiLetter/status/2097708859531923682

https://x.com/KobeissiLetter/status/2097719382533177507

https://x.com/uncnooman/status/2097579298181853548

https://x.com/Hedgeye/status/2098029288092013024

https://x.com/Hedgeye/status/2098045985926914317

https://x.com/KobeissiLetter/status/2097746862463955076

http://pbs.org/newshour/politics/watch-trump-promises-5000-dividend-for-americans-if-gop-wins-midterms

27:31 Robinhood Chain & AMC’s Tokenized Stock War

https://x.com/0xcarlosg/status/2096919808235208766

https://x.com/uttam_singhk/status/2096903386168021033

https://x.com/Pumpfun/status/2097785975434846285

https://x.com/haydenzadams/status/2095874039927509161

https://x.com/haydenzadams/status/2095932954417451020

https://x.com/CEOAdam/status/2095622531524784212

https://x.com/vladtenev/status/2095711439810159027

https://x.com/CEOAdam/status/2095761359388520460

https://x.com/Ryan__Rigg/status/2097744223269188000

https://x.com/TrustlessState/status/2098063002205659638

40:12 OpenAI Math & Privacy Controversy

https://x.com/OpenAI/status/2097374640582668336

https://x.com/OpenAI/status/2097375276384567642

https://x.com/hosseeb/status/2097217378753106336

https://x.com/TrustlessState/status/2097396382982340783

52:30 Hunter Biden’s LAPTOP Memecoin

https://x.com/WatcherGuru/status/2097696366596071825

https://x.com/HunterBiden/status/2097790749861638547

55:00 MetaMask Split & Ethereum’s Smart Wallet Future

https://x.com/MetaMask/status/2097689508187680794

https://www.theblock.co/news/business/2026-09-09-consensys-splits-metamask-institutional-ethereum-infrastructure-businesses-414022

https://x.com/TrustlessState/status/2097054140350554620

https://x.com/VitalikButerin/status/2096370186094076098

https://x.com/ethlabs_org/status/2097838222621446629

https://www.theblock.co/news/ecosystems/2026-09-08-ethereum-foundation-quantum-resistance-2029-413716

1:03:24 Clarity Act’s Do-or-Die Vote

https://www.theblock.co/news/regulation/2026-08-08-majority-leader-thune-files-cloture-on-clarity-act-setting-up-sept-15-senate-vote-411211

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Not financial or tax advice. See our investment disclosures here:

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What if the most interesting crypto investments of the next cycle aren’t new blockchains at all? RockawayX Liquid founder Austin Barack joins David to explain why his attention has shifted toward a small group of applications with real users, rapidly growing revenue, and increasingly explicit token value capture.

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TIMESTAMPS

0:00 Finding Growth and Value in Crypto
4:17 Why Liquid Tokens Are Winning His Attention
7:00 How Austin Values Venice and VVV
15:34 The Biggest Bet in the Venice Model
24:53 Can Venice Balance Growth and Token Value?
32:53 Venice Growth and the OpenRouter Signal
37:31 Can Fundamental Tokens Outperform the Crypto Cycle?
43:50 Pump, Hyperliquid and EtherFi
48:57 EtherFi’s Shift Into a Neo Brokerage
58:24 Why the Market Discounts Pump
1:02:42 The Next Era of Crypto

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RESOURCES

Austin Barack
https://x.com/AustinBarack

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures