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Robotics hype is everywhere, but are humanoids actually the main event? Lux Capital partner Shahin Farshchi joins David to explain why the bigger opportunity may be AI-powered automation hiding inside factories, warehouses, and other industrial settings.

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TIMESTAMPS

0:00 Is the Robotics Hype Justified?
2:02 Why Humanoids Aren’t the Main Story
8:14 Robotics vs. Automation
12:20 Specialized Robots vs. Generalists
19:24 Making Robotics Accessible
22:25 AI Unlocks New Robotic Tasks
24:52 Robotics’ Internet Moment
27:52 Robots, Jobs, and Cheap Labor
31:28 What Automation Does to the Economy
39:07 What Still Holds Robotics Back
42:30 How AI Actually Powers Robots
50:49 The Robotics Data Bottleneck
53:34 Robotics Companies to Watch

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RESOURCES

Shahin Farshchi
https://x.com/Farshchi

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Bitcoin may be entering a new cycle just as the Treasury starts pushing back on rising yields. Ryan and Haseeb break down the Bessent Put, the return of the debasement trade, Coinbase’s tokenized stocks push, Ethena’s token reset, and whether AI is starting to consume the world’s capital.

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TIMESTAMPS & RESOURCES

0:00 Intro

0:31 Crypto Energy Shift & Bitcoin’s New Cycle

https://x.com/hosseeb/status/2091945147357675623

https://www.theblock.co/news/markets/2026-08-23-bitcoin-record-weekly-dollar-gain-412547

5:55 The Bessent Put

https://www.cnbc.com/2026/08/24/bessent-1-trillion-treasury-general-account-bond-buybacks.html

https://x.com/DeItaone/status/2091852135675658265

https://x.com/CGasparino/status/2091918792146247833

14:11 Druckenmiller vs. Bessent

https://x.com/NickTimiraos/status/2092023686148817227

23:31 Debasement Trade Returns

https://www.cnbc.com/2026/08/26/debasement-trade-to-take-bitcoin-to-300000-in-2029-bernstein-says-.html

https://x.com/TimmerFidelity/status/2092991527127789913

https://x.com/fundstrat/status/2091895628003528804

30:03 Coinbase Tokenized Stocks

https://x.com/base/status/2091918696620896485

41:14 Ethena’s Token Reset

https://x.com/EthenaFndtn/status/2092976592738001383

https://x.com/hosseeb/status/2090828427574268023

53:59 AI Capital Hunger

https://x.com/RaoulGMI/status/2092704327227867585

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Wall Street wants to come onchain, but public-by-default finance creates a problem institutions cannot ignore. ETH Systems co-founders Mo Jalil and Oskar Thoren join David to explain why privacy may be one of Ethereum’s biggest institutional unlocks, what banks and asset managers are actually asking for, and why the opportunity goes far beyond private payments.

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TIMESTAMPS

0:00 ETH Systems
1:34 The Founders
5:28 Institutional Privacy
12:43 Real-World Use Cases
21:19 From Bespoke to Scalable
30:22 Building the Product
33:40 Institutions Are Coming
35:40 The Future of Institutional DeFi
40:24 Privacy vs Transparency
46:51 What Ethereum Can Do?
49:54 Cypherpunks and Institutions

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RESOURCES

Oskar Thoren
https://x.com/oskarth

Mo Jalil
https://x.com/motypes

EthSystems
https://x.com/eth_systems

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The stock market is coming onchain. Jesse Pollak joins David to unpack Coinbase Tokenized Stocks, a new push to bring one-to-one equities onto Base with 24/7 trading, dividends, governance rights and permissionless onchain composability. They explore what happens when stocks plug directly into DeFi, why borrowing and lending may matter more than trading itself, how neobanks could evolve into global brokerages, and Jesse’s bigger vision for Base as the financial backend for stocks, payments, credit and local currencies around the world.
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TIMESTAMPS
0:00 Coinbase Brings Tokenized Stocks to Base
5:17 Permissionless Stocks and the First Assets Going Live
10:11 Plugging Stocks Into Base DeFi
17:52 From Tokenized Stocks to Neo Brokerages
23:32 Crypto as a Global Financial System
27:20 What Builders Can Create With Onchain Stocks
32:04 Bringing Every Currency Onchain
42:47 Jesse’s Role at Base and the Everything Exchange
49:50 Tokenized Stocks Beyond Base
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RESOURCES
Jesse Pollak
https://x.com/jessepollak
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BitMine is within reach of owning 5% of ETH after more than 60 consecutive weeks of purchases, and Tom Lee believes the larger Ethereum trade may only be beginning. He joins David to explain how BitMine accumulated nearly 5% without debt, why it sometimes chooses stock buybacks over additional ETH, what happens when the target is reached, and whether the company would ever sell.
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TIMESTAMPS
0:00 BitMine’s Rapid March Toward 5% of ETH
3:36 More Than 60 Consecutive Weeks of ETH Purchases
5:29 Where BitMine’s Capital Comes From
8:27 What Happens When BitMine Reaches 5%?
13:47 Would BitMine Ever Sell Its ETH?
15:29 Maven and BitMine’s Evolution Beyond a Treasury Company
16:52 Ethereum’s Next Narrative
23:06 Does Ethereum Actually Capture Value?
29:13 Is ETH a Store of Value or a Cash-Flowing Asset?
35:19 What BitMine Has Learned From Michael Saylor
37:42 Why BitMine Issued BMNP
42:13 The Proposal That Could Reduce Staking Yield to Zero
47:54 Funding Ethereum Foundation Spinouts
53:23 BitMine’s Role in Ethereum’s Future
1:02:14 Is AI Crowding Crypto Out of the Market?
1:05:11 Has the Crypto Market Already Bottomed?
1:06:18 Tom Lee’s ETH Price Outlook
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RESOURCES
Tom Lee
https://x.com/fundstrat
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