PERSON DIRECTORY
Jason Yanowitz
Host of Empire. Jason Yanowitz appears in 33 indexed conversations across Empire, 1000x. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
Crypto's Value Capture Problem & Why Robinhood Built Its Own Blockchain
Jason YanowitzSantiago Roel Santos
After eight months across 20-plus sectors, Santos says Inversion’s crypto-embedding thesis failed to clear the return hurdle, shifting focus to quality, cash-flowing businesses.On-chain B2B borrowing costs 8–12%, while crypto FX quotes sit 20–50 basis points above mid-market; Robinhood Chain’s more than $500 million in Uniswap volume and roughly 150,000 new active wallets show verticalization, though P&L value remains disputed.
State of The Market, The Prediction Market Wars & Kraken Pursues Aave
Jason YanowitzSantiago Roel Santos
Crypto venture is splitting into a weak early-stage market and improving later-stage payments, stablecoin, tokenized-asset and M&A activity.Stablecoin transfer volume remains distorted by bots, but adjusted metrics, card swipes and about 30 public-company implementations offer stronger adoption evidence.Kalshi’s reported $40B raise remains unconfirmed as fee compression looms, while institutional clearing and block trades could expand prediction markets.
Avichal Garg On Investing in Crypto, AI and Ethereum’s Path Forward
AI’s dominance makes early-stage entry difficult, pushing Electric Capital toward cold spots such as crypto.Certora’s formal verification could become critical as AI-powered attacks target DeFi securing billions.Stablecoin rails may let 5-6 billion people with limited U.S. market access pay higher P/E multiples for on-chain cash flows, though token re-rating depends on durable revenue and buybacks.
Markets Bounce Back, The Hyperliquid Thesis and Kraken Raises $200M
Jason YanowitzSantiago Roel Santos
Hyperliquid is emerging as Wall Street’s crypto entry point, as one hedge fund bought its DAT after being unable to hold HYPE, seeking an uncorrelated position.Weekend commodities trading gives TradeXYZ a price-discovery role, while US approval could rerate the asset and Kraken’s Deutsche Börse investment and possible SpaceX-linked IPO add catalysts.