Listen to the episode on YouTube, Apple Podcasts, Spotify, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

Thank you to our 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 to Bits + Bips on its dedicated channels. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts.

AMC’s CEO spent the holiday weekend calling Robinhood’s tokenized AMC shares “contemptible” and “vile,” and AMC stock jumped nearly 21% anyway.

Austin Campbell, Ram Ahluwalia, and Chris Perkins pick apart Adam Aron’s fight with Robinhood, and ask whether the dispute is really about capital formation, or about who gets to sell exposure to a company’s stock. The discussion also sees them cover the mechanics of a reverse ADR and debate the value of the stock tokens, with Ram saying they solve no real problems.

Plus, why memecoins like $FAMI and $STONK are trading against Robinhood Chain’s stock tokens, Anthropic’s Fable 5.1 and OpenAI’s GPT-6 Astra clearing new cybersecurity thresholds, Bernie Sanders’ bill to ban artificial superintelligence, and whether Kevin Warsh’s Fed will hike in September.

Chris says stock-paired memecoins are GameStop 2.0 and Ram says Warsh is only talking the talk but likely won’t walk the walk.

Hosts: