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A synthetic SpaceX perpetual futures contract launched on Hyperliquid ahead of any IPO, jumping 44% before settling back down. Kain and Tay unpack what it means when a dress rehearsal for one of the biggest potential IPOs in years generates $33 million in trading volume.
Then: the Ethereum Foundation exodus. Trent Van Epps, Josh Stark, Barnabé Monnot, Tim Beiko, and Carl Beek are out. Kain’s theory: longtime Ethereum “missionaries” were given hope for change under Tomasz Stanczak, only to see that momentum fade.
Finally, three DeFi exploits in four days, including a Thorchain attack that Taylor reconstructed in real time using AI tools during incident response — ending with a fully working attack demo she never asked for.
Hosts:
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- Kain Warwick – Founder of Infinex and Synthetix
- Taylor Monahan – Security Expert
- Luca Netz – CEO of Pudgy Penguins
