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Empire
Blockworks' crypto podcast covering digital-asset markets, investing, founders, protocols, and industry structure.
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47 EPISODESENTRACKED SHOW
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Big Tech Earnings, DeFi United and Pump Fun’s Token Burn
Jason YanowitzSantiago Roel Santos
Crypto trading is contracting even as stablecoins dominate earnings calls, with Robinhood volumes down 40% and Hyperliquid perp volume down 30%.Yano’s deal flow shows fintechs quietly moving infrastructure to stablecoins, while Visa’s related card volume rose 200% YoY across 160 programs.Value capture remains contested: Santi says Tempo has little flow, and Pump Fun’s $370M burn failed to lift its token.