Bits + Bips

New US Rules Could Force Coinbase to Delist Tether Aug 18, 2026 3577 A new presidential memo lets private firms hack foreign cybercriminals — a plan Chris Perkins helped pitch. Plus a Trump-family bank charter and a rule that could push Tether offshore. Sponsor ⁠⁠⁠⁠⁠Visit 1inch.com to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at ⁠1inch.com⁠. 👉 Heads up! If you haven't yet, be sure t

A Technical Strategist Sees Opportunity in Bitcoin's Quiet Market Aug 14, 2026 2834 Bitcoin's barely budged in weeks, but Katie Stockton says the charts are flashing a long-term oversold signal that has preceded past turnarounds. Sponsors ⁠⁠⁠Cape⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first s

Why an Ethereum Proposal to Zero Out Staking Yield Sparked a Revolt Aug 12, 2026 3786 An Ethereum proposal to zero out staking yield has the community in revolt. Seth Ginns of Franklin Crypto weighs in on whether it solves a real problem. Plus, the Clarity delay. Sponsor ⁠⁠⁠Visit 1inch.com to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 1inch.com. 👉 Heads up! If you haven't yet, be sure to subscribe

Chinese AI Models Are Defending Bitcoin Wallets Because US Models Won't Aug 4, 2026 3670 Galaxy Digital's Alex Thorn joins Austin, Ram, and Chris on the Coldcard firmware bug that's drained over $100M from cold storage — plus why the researchers chasing the next hack are stuck on Chinese AI models. Sponsor ⁠⁠Cape⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and

Why Wall Street's AI Earnings Verdict Split Meta From Microsoft Jul 31, 2026 2724 Meta fell 10% on its CapEx guidance. Microsoft didn't move. Franklin Templeton's Chris Galipeau looks past the divergence to say that the AI trade isn't over, and lays out why. Sponsors ⁠⁠Cape⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they hap

Why RWAs Just Out-Traded Crypto on Hyperliquid for the First Time Jul 29, 2026 3427 Lorenzo Valente of ARK Invest joins Austin, Ram, and Chris on why real-world assets just out-traded crypto on Hyperliquid for the first time — plus what Jensen Huang's first-ever post on X started. Jensen Huang had never posted on X. His first post ever was an open letter arguing that open AI models are a national asset — and by the end of the week, 50 companies had signed it. Anthropic and Amazo

Why Bitcoin's Vol Index Is Already Pricing In the Odds of the Clarity Act Passing Jul 25, 2026 1858 Cole Kennelly says Bitcoin's volatility index is already pricing in the Clarity Act, weeks before the Senate even votes on it. Sponsors ⁠Cape⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at⁠⁠⁠⁠⁠ https

Stripe Bid $53B for PayPal: Who Actually Wins Stablecoin Payments? Jul 21, 2026 3523 Cyclops founder Alex Wilson on why PayPal 'chose to fail' at stablecoins, and what Stripe's $53 billion bid really means for the payment wars. Plus: the Clarity Act's last shot before recess. --- Thank you to our sponsors: ⁠⁠⁠⁠⁠Cape⁠⁠⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity dai

Bitcoin and ETH Are Up. But This Crypto Rally Still Lacks Conviction. Jul 17, 2026 3001 Crypto just had its best week in months. GSR's Andy Baehr explains why he is not calling it a real rally yet, and what would actually change his mind. Sponsors Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first si

How China May Be Interfering in Local US Politics to Block AI Data Center Progress Jul 14, 2026 3665 Sam Lyman says a Shanghai-based network is quietly blocking billions in AI data centers. Austin, Ram, and Chris also debate Clarity odds and stablecoins. --- Thank you to our sponsors: ⁠⁠⁠⁠Cape⁠⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happ

Why Any DeFi Protocol 'Lives and Dies by Its Oracle' and How to Strengthen Them Jul 10, 2026 3083 From inventing DeFi's first oracle at MakerDAO to auditing BlackRock's tokenized billions, Niklas Kunkel maps the hidden plumbing behind the RWA boom. Sponsors Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first si

Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now?: Bits + Bips Jul 9, 2026 3469 Strategy sold $216M more Bitcoin. Ram, Austin, and Chris ask if Saylor's now a recurring seller, and whether tokens can ever coexist with equity. Plus: the stablecoin wars get real. --- Thank you to our sponsors: ⁠⁠⁠Cape⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks

Anchorage’s David Lawant Explains Why Bitcoin's Options Market Isn't Panicking: Bits + Bips Jul 3, 2026 2749 Fear and greed says panic. The options market says something else. David Lawant of Anchorage Digital walks through the signals that matter right now. Sponsors Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠⁠https://crypto.fidelitycareers.com⁠⁠. Cape: Your

Why Bitcoin May Not Run Until Saylor "Gets Blown Up": Bits + Bips Jul 1, 2026 3616 Bitcoin logged its worst ETF month on record, and the hosts debate whether Strategy has become the marginal seller dragging the whole market down. --- Thank you to our sponsors: ⁠⁠⁠Fidelity⁠⁠⁠: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠⁠⁠crypto.fidelitycareers.com⁠⁠⁠.

Why a Perp Exchange Asked Carmen Li to Make a Market in Her Own Index Jun 27, 2026 2871 Carmen Li is bringing GPU futures to the CME while crypto perp venues court her index. She lays out which financial wrappers actually fit which assets. Sponsors Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠https://crypto.fidelitycareers.com⁠. Cape: Your

Why You No Longer Have to Choose Between TradFi and Crypto Jun 24, 2026 3493 Coinbase is tokenizing US stocks for the rest of the world — but what makes a token 'real,' and who owns it? Plus: the AI trade wobbles and the CME sues its own regulator. --- Thank you to our sponsors: ⁠⁠Fidelity⁠⁠: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠⁠crypto.fide

The Fed Is Turning Hawkish. What Does That Mean for Bitcoin and Strategy? Jun 19, 2026 2586 The Fed dropped its easing bias and half the FOMC penciled in rate hikes. Zach Pandl on what Kevin Warsh's first meeting means for Bitcoin, gold, and Strategy. Sponsors Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: https://crypto.fidelitycareers.com. Cape

Why the Anthropic Export Ban Should Worry the Crypto Industry Jun 16, 2026 3496 A Friday-night directive banned Anthropic's Fable 5 with no public explanation — Sam Enzer on what it means for AI, crypto, and who controls the national security card next. --- Thank you to our sponsors: ⁠Fidelity⁠: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: ⁠crypto.fidel

Was the SpaceX IPO Really to Blame for Bitcoin's Worst Week Since FTX? Jun 9, 2026 3521 Strategy owes $3.4 billion over two years on its preferreds. Austin maps the three exits: issue more stock, sell Bitcoin, or suspend dividends. None are good. --- Thank you to our sponsors: Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they're hiring. Explore career opportunities at one of the most forward-thinking names in finance here: crypto.fidelitycareers.com.

Strategy Sold Bitcoin. Polymarket Can't Agree on When Jun 7, 2026 539 Strategy sold Bitcoin in May and disclosed the sale via SEC filing in June. The Polymarket market on that sale resolved to no sale in May, with tens of millions of dollars on one question: does the trade date control, or the disclosure date? Sam Enzer and Steven Ehrlich map the dispute, the oracle governance concentration risk behind it, and the practical checklist for diligencing any prediction

Why Strategy's Capital Stack Is Starting to Show Cracks Jun 3, 2026 758 Strategy sold Bitcoin for the first time since 2022 — a small sale, but a meaningful signal. Ram, Austin, and Chris work through the capital stack math: $15 billion in preferred stock needs Bitcoin to appreciate 11.5% annually just to cover dividends. What happens if it doesn't? With: Austin Campbell, Founder, Zero Knowledge Consulting; Adjunct Professor, NYU Stern - https://x.com/austincamp

Why Crypto Is Losing the Momentum Trade to AI Stocks Right Now May 31, 2026 733 Bitcoin’s implied volatility just hit a nine-month low. ETF outflows have been running for weeks. And a memory chip ETF may have matched IBIT for the fastest ETF launch in history. So what’s happening to crypto? Steve Sosnick, chief strategist at Interactive Brokers, and Steve Ehrlich break down the structural forces working against crypto right now: AI stocks doing the heavy lifting in portfolio

Why Arjun Sees a Link Between Pope Leo and Bitcoin May 28, 2026 996 What does Pope Leo's first AI encyclical have to do with the Bitcoin white paper? Arjun Sethi, co-CEO of Kraken, traces a philosophical thread from Augustine's City of God through Catholic social teaching's subsidiarity principle to Satoshi's monetary architecture. Austin Campbell finds the same argument in the Federalist Papers. Ram Ahluwalia brings in Immanuel Kant and the Tower of Babel. And

Kevin Warsh Takes Over the Fed. Here's What He Actually Can Do May 23, 2026 375 Kevin Warsh is confirmed as Fed chair today. He says he wants a smaller balance sheet, fewer dot plots, less forward guidance, and new ways to measure inflation. In this clip, Noelle Acheson tells Steve Ehrlich why the bond market will veto the balance sheet goal, why fewer FOMC press conferences may increase volatility rather than reduce noise, and why the most likely outcome for the next few Fed

Structural Stimulus Has Replaced the TACO Trade May 23, 2026 439 The TACO trade — the assumption that Trump will always walk back market damage — is temporary. The BLISS trade is not. In this clip, Noelle Acheson explains Gita Gopinath's thesis from the Financial Times: no government, regardless of political party or political system, will be voted out for spending to protect citizens from hardship. The put under markets is now structural. Noelle and Steve Ehrl

Why Agents Will Ditch Stablecoins That Don't Pay Yield May 20, 2026 437 If the risk is the same, why would any rational agent choose a stablecoin that pays nothing over a money market fund that does? In this clip, Chris Perkins puts the question directly to Circle’s Gordon Liao, who walks through USYC — Circle's yield-bearing instrument — and the seamless toggle between it and USDC. Austin Campbell frames the winners as "transformers": platforms that can move flui

Will On-Chain Repo Reach $1 Trillion? One Reason Yes, One Reason No May 16, 2026 470 Matteo Pandolfi of Pareto puts a number on the table: on-chain repo reaches $1 trillion within five years. He makes the case using the current pipeline of traditional institutions entering the space and the hybrid infrastructure model that does not require full on-chain execution. Craig Burchell of FalconX gives you both sides. The bull case: the facilities are already being built, the demand is r

$5B On-Chain Credit: What's Actually Working and What's Still Missing May 16, 2026 1300 On-chain private credit has crossed $5 billion across more than 2,000 assets. The borrower side has matured significantly — institutional counterparties like FalconX are accessing credit on-chain with clear terms, legal structures that hold up to institutional scrutiny, and professional underwriters applying real credit discipline. But the liquidity side remains the visible gap. Tokenization impro

Is the AI Rally a Bubble? Ram, Chris, and Austin Disagree May 14, 2026 802 Semiconductors now make up 18% of the S&P 500 — a record — as capital floods into AI infrastructure. Is this another dotcom bubble, or something structurally different? Ram Ahluwalia says the spending is coming from the world’s most profitable companies and the returns are already showing up in cloud growth. Christopher Perkins says every mania eventually reaches an extreme. Austin Campbell argue

Paul Tudor Jones Says Bitcoin Is the Best Inflation Hedge. Is He Right? May 7, 2026 458 Paul Tudor Jones called Bitcoin the best inflation hedge the same day it broke through 80 while equities sold off. The Bits + Bips crew debates whether he’s right — and what comes next for the store of value. Ram Ahluwalia sees quantum-resistant successor coins on the horizon. Chris Perkins argues the next backed asset may rely on energy or compute — not gold or Treasuries. Featuring Austin Camp

On Polymarket, You Can't Pose a Question. On Delphi, Anyone Can May 4, 2026 712 Why does Delphi call itself an information market instead of a prediction market? Ben Fielding, CEO of Gensys, says the difference is the direction of the question. On Polymarket, users cannot create markets — only suggest them. On Delphi, anyone can pose a question and pay for the world to answer it. Ben walks through the full thesis: the orange farmer who can finally hedge drought risk without g

OpenAI Is Building an AOL. Here Is Why That Limits AI's Scale May 4, 2026 556 How does a decentralized AI network compete with companies spending hundreds of billions on data centers? Ben Fielding, CEO of Gensys, says the question misunderstands what scale actually means. The big AI labs are building walled gardens, exactly the way AOL built one in the early internet era. They will attract users, extract value, and make great products, but they will not reach the scale of a

How the Kelp rsETH Hack Left Aave With $193M in Bad Debt Apr 26, 2026 2937 The Kelp hack exposed a flaw at the center of monolithic DeFi lending. What comes next for Aave, for looping traders caught underwater, and for users who never knew the risk. A single compromised signature was enough. When an attacker exploited Layer Zero's DVN network to mint 116,000 unbacked rsETH on Ethereum mainnet, Aave's unified pool design did the rest: within minutes, a $193M loan was

DeFi's Security Ceiling: Why Lending Can't Be Like Uniswap Apr 22, 2026 769 After Bybit, the CDS hack, and Kelp DAO, Austin Campbell argues that DeFi's foundational assumption — that incoming transactions should be treated as legitimate — may no longer hold. Ram Ahluwalia pushes back: change that assumption and you risk giving up immutability and finality. Austin draws the distinction: an immutable chain and a skeptical transaction queue aren't mutually exclusive. Mic

Who's Really to Blame for the $290M Kelp DAO Hack? Apr 22, 2026 1006 North Korea's Lazarus Group drained $290 million from Kelp DAO by compromising two RPC nodes feeding Layer Zero's single DVN, swapping the binary for a malicious one, and DDoSing clean nodes to force a failover. In 46 minutes, Kelp DAO managed to stop the bleed — but not before $290M was gone and DeFi TVL dropped $13 billion in 48 hours. Now Layer Zero and Kelp DAO are fighting publicly, with thir

Strategy's Preferred Stock Is Now a Stablecoin. And DeFi Has a Security Problem. Apr 22, 2026 3627 The $290 million Kelp DAO hack, attributed to North Korea's Lazarus Group, has DeFi TVL down $13 billion in 48 hours. Do DeFi's foundational assumptions need to change? --- Heads up! If you haven’t yet, be sure to subscribe to Bits + Bips, since the show will migrate there in a few weeks. Follow us on ⁠Apple Podcasts⁠, ⁠YouTube⁠, ⁠Spotify⁠, ⁠X⁠, ⁠Unchained⁠ and wherever you get your podcasts.

The Miner Sell Wall and Why Saylor Is Absorbing It Apr 20, 2026 617 FalconX global co-head of markets Josh Lim explains what's keeping Bitcoin range-bound near $75-76K: miner selling to fund high-performance compute transitions, breakeven retail holders looking for an exit, and an options market oversupplied with calls. He also covers why the negative funding rates and low vol environment are less bearish than they appear when spot is cash-funded, not levered.

Bits + Bips: Why Josh Lim Is Optimistic on the Dynamics He's Seeing in Bitcoin Apr 19, 2026 2681 Bitcoin's spot-led rally looks healthy on the surface. But derivatives say conviction is thin. Josh Lim from FalconX on what the market structure is actually telling you right now. --- Thank you to our sponsors! MultiChain Advisors is an emerging technology growth firm that has helped create $50B+ in enterprise value for 80+ clients over the past 4 years. They're the partner to help navigate

Is Anthropic’s Mythos a Real Threat? And Who Pays for AI? Apr 15, 2026 999 Anthropic previewed Mythos, a model it says autonomously found 181 Firefox JavaScript exploits and vulnerabilities in OpenBSD that had been missed for decades. Cybersecurity stocks fell. Ram Ahluwalia says it’s masterclass marketing — a Keyser Soze play designed to win back DOD contracts and rattle OpenAI. Chris Perkins thinks the threat is real and the opportunity is bigger than the fear. Austin

The IRGC Is Damned Either Way — Here’s Why Apr 15, 2026 512 Ram Ahluwalia argues that CENTCOM’s move to enforce the US Naval blockade of the Strait of Hormuz was exquisitely timed — placing the IRGC in a vice with no clean exit. He walks through why Iran can’t escalate without facing worse outcomes, and can’t stand down without ceding economic control. Austin Campbell adds the market dimension: we’ve shifted from kinetic escalation to long-term economic at

Why Apple Might Benefit More From AI Than AI Companies Will Apr 14, 2026 3816 The US Naval blockade is live, markets are holding, and Ram thinks the bottom is in. Austin and Chris are not so sure. --- Thank you to our sponsors: ⁠Citrea⁠⁠ ⁠ As Bitcoin's application layer, Citrea gives you access to the first trust-minimized BTC on a fully programmable platform and a native stablecoin for Bitcoin, ctUSD. You can now participate in Bitcoin capital markets with lending, p

Bitcoin's Geopolitical Upturn and the $100K Question Apr 14, 2026 2694 Why ETH outperformed Bitcoin this past week, what's really behind the prediction market activity during the Iran situation, and what comes next for institutional crypto adoption. --- Thank you to our sponsors! ⁠Ether.fi⁠ — 15% cash back on food and rideshare apps, 3% on everything else, borrow at 4% or less ⁠Citrea⁠ — Trust minimized BTC, native stablecoin CT-USD, Bitcoin capital mark

How Iran Uses USDT to Fund Its War Machine Apr 7, 2026 993 Iran's IRGC has reportedly set up a crypto toll system at the Strait of Hormuz, collecting $1 per barrel to $2 million per supertanker in yuan or USDT via Tron. The IRGC moved $3 billion through crypto in 2025 according to Chainalysis, and the Ministry of Defense has begun accepting crypto for arms exports. Is this a gift to US intelligence (freeze and seize) or proof that stablecoins are enabling

Why a Nation State Will Always Beat the Security of a DeFi Team Apr 7, 2026 1094 The biggest DeFi hack of 2026 wasn't a code exploit. It was a six-month North Korean social engineering campaign that ended with $285M drained from Drift protocol in 12 minutes. Circle had six hours to freeze $232M in USDC moving through its own bridge. Should stablecoin issuers be liable? Is a 2-of-5 multisig really decentralized? Austin Campbell (NYU Stern, Zero Knowledge Consulting), Ram Ah

Why the Drift Hack Is an ‘Embarrassment for the Industry’ Apr 7, 2026 3589 A nation state hacked a startup and won. The hosts debate who's liable, what's fixable, and what isn't. --- Thank you to our sponsors: Bitcoin’s application layer, Citrea, launched its mainnet, expanding Bitcoin’s utility to privacy, lending, BTC yields, and more. Citrea enables: cBTC: The first trust-minimized Bitcoin on a fully programmable platform. ctUSD: A native stablecoin for

How Bitcoin Is Both a Risk Asset and a Hedge Against Debasement Apr 5, 2026 2739 Charles Schwab’s chief crypto strategist breaks down why traditional finance valuation frameworks, not narratives, are finally taking hold in digital assets. --- Multichain Advisors is an emerging technology growth firm that has helped create over $50 billion in enterprise value for 80+ clients. Services include TGE support, go-to-market strategy, BD, partnerships, capital markets advisory, PR,

Why Ethereum Is Winning the Tokenization Race, Per Schwab Apr 5, 2026 755 Jim Ferraioli, Director of Crypto Strategy and Research at Charles Schwab, applies a GDP-equivalent framework to smart contract platforms: sum the trailing one-year fees across a network, compare that to market cap, and you get a Buffett-indicator-style read on whether it's cheap or expensive. By that measure, Ethereum has traded in a reliable range for years, and it's currently at the low

Why This Correction Is Worse Than Liberation Day Apr 1, 2026 491 The S&P just closed its worst month since March 2025 at 6,368, marking a fifth straight weekly decline. Moody’s puts recession probability at 50%. Goldman is at 30%. But this isn’t just another pullback: with Brent crude at $116, inflationary supply shocks are compounding the damage in ways that monetary policy tools can’t fix. Ram names his specific buys (Berkshire Hathaway at 1.3x tangibl

Amid the Iran War, Here’s Why It’s Time to Be ‘Defensive’ With Your Portfolio Apr 1, 2026 3830 When do oil prices force a ceasefire? Why is crypto holding firm while equities crack? And does Canton or Ethereum win the institutional race? --- Thank you to our sponsor: ⁠Nexo⁠ — the premier digital wealth platform. Receive interest on your digital assets, borrow against them without selling, and trade a wide range of cryptocurrencies all in one place. Now available in the US with 30 days of

Why Gas Prices, Not Oil, Determine What You Pay for Electricity Mar 27, 2026 528 With European gas prices running 50-70% above normal, Steven Ehrlich sits down with Sean Murray, Head of Special Projects and Crypto Lead at Fuse Energy, to map the cascade: why gas, not oil, drives what consumers pay for electricity; how the Strait of Hormuz closure and the attack on Qatar's LNG processing facility are rippling through fertilizers, jet fuel, and copper markets; and why Sean argue

Where AI Value Actually Goes (Hint: Not Model Companies) Mar 25, 2026 684 Jeff Bezos is raising $100 billion for Project Prometheus to acquire manufacturing companies and transform them with AI. Mark Zuckerberg is building a personal AI CEO agent to bypass management layers at Meta. The question: where does AI value actually accrue? Ram Ahluwalia argues the consumer wins. Venture capital is subsidizing the real economy through tools like Claude that lose money but d

Why Elon’s $25B Chip Fab TeraFab Is 'Not Real' and AI Layoffs Are an Excuse Mar 25, 2026 447 Elon Musk announced TeraFab, a $25 billion joint chip fabrication venture between Tesla, SpaceX, and xAI targeting two-nanometer process technology. Ram Ahluwalia calls the entire thing bullshit. TSM has invested hundreds of billions to build chip fabs. Tesla generates $3-6 billion in free cash flow. The math doesn’t work without massive dilution. Jensen Huang himself has said data centers in

Who Wins the AI Payments War? Mar 22, 2026 412 Coinbase x402 has processed $34M. Tempo just launched its mainnet. Steven and Laurens discuss how the agentic commerce war is shaping up, why stablecoins are the infrastructure layer underneath it, how to tell real adoption from inflated metrics, and what happens when AI agents start getting scammed.

Why Hedge Funds Are Deleveraging and Stocks Are Still Overvalued Mar 18, 2026 581 Ram calls industrials a bubble that's already popped — Caterpillar at 35x PE, hedge funds still deleveraging, and no real capitulation yet. Austin and Chris push back.

The IRGC Is Weakened, but the Iranian People Still Won't Revolt, Says Major-General Mar 16, 2026 331 General Spider Marks has a brother-in-law who's Iranian — and what he says about why 93 million Persians won't rise up should reframe how investors are reading this war.

A U.S. General Explains Why the Iran Strait of Hormuz Threat Is a Bluff Mar 14, 2026 484 A retired U.S. Major General just explained why Iran's navy is at the bottom of the Gulf — and why the Strait of Hormuz was never actually at risk.

Bits + Bips Trailer Feb 22, 2026 76 Does it sound like a fit? Don't forget to subscribe! We livestream every Monday at 4:30 pm ET on X, YouTube and Twitch.

Episodes

Recommended