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- Coinbase: Get 20% off the first year of your Coinbase One annual plan at coinbase.com/unchained.
Circle just made history as the first publicly-traded company to run a token presale, raising $222 million from BlackRock, Apollo, ICE, and a16z at a $3 billion valuation — and the stock went up.
At the same time, Coinbase reported a $394 million loss, cut 700 jobs, and suffered a five-hour outage.
Ram, Austin, and Chris work through what’s really happening: whether Circle’s Arc is the institutional payment rail the industry has been waiting for or a financial engineering play, whether Coinbase’s troubles are cyclical or structural, and whether the AI-driven market rally is a bubble forming or a fundamental shift that makes the dotcom comparison wrong.
Hosts:
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- Austin Campbell, Founder, Zero Knowledge Consulting; Adjunct Professor, NYU Stern
- Ram Ahluwalia, Co-Host, CEO of Lumida
- Chris Perkins, Co-Host, CEO of 250 Digital Asset Management
