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Empire
Blockworks' crypto podcast covering digital-asset markets, investing, founders, protocols, and industry structure.
SOURCE DESCRIPTION · Blockworks
Cloudflare CEO: The Man Deciding The Internet’s Next Business Model
Automated traffic has already surpassed human traffic, and Prince says agentic traffic could reach 1,000 times human traffic in five years, challenging ad-funded models.Cloudflare is pursuing a micropayments rail targeting roughly 10 million transactions per second, but regulation, capacity and preserving free access remain unresolved.
Robinhood Is Proving Distribution Captures Crypto’s Value | Weekly Roundup
Robinhood Chain activity is turning distribution into measurable fees, with $4.7M in one day and a stock repricing near a $100B valuation, though the 90% margin extrapolation is disputed.Tokenized-stock memecoins expose weekend inventory risk because authorized participants cannot mint shares off-hours; Robinhood’s expected 24/5 rollout within nine months and unresolved manipulation, KYC/AML, and Ethereum fee-capture questions are the catalysts to watch.
Figure Co-Founder: How Figure Became A $10B Business | Mike Cagney
Connect—not lending—is Figure’s claimed moat: a Six Street-backed guarantor provides a private Fannie and Freddie-style takeout, supporting $1.6B of Q1 volume and roughly 50% adjusted EBITDA margins.First-lien expansion could make TAM 25x larger, but the wallet and native on-chain vision still depend on moving TradFi dollars and securing durable legislative clarity.


