In this week's episode of The Rundown, Michael and Shiv welcome the show's first guest, Juan Leon, Senior Analyst at Bitwise Asset Management. Topics covered: - Juan's background and why Bitwise is so bullish on crypto as an asset class - Insights gleaned from Bitwise's recent survey of 437 investment advisors across the US - The merger of TradFi & Crypto - Bitwise's new spot ETF by the numbers (plus bonus insights on the mechanics of how the ETF works on the back end) -...

In this week's episode of The Rundown, Michael and Shiv break down all of the important data and key takeaways from the Q4 issue of The Ethereum Investment Framework — which you can download here: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Topics covered: - Ethereum's onchain Profit & Loss - Value Accrual: ETH holders vs ETH Stakers - Tokenomics & circulating supply - Ethereum Comps to the top 10 L1s - Now vs Then (Q4-23 vs Q4-17) by the numbers and...

In episode 10 of The Rundown, Michael and Shiv cover the short-term and long-term impacts of the Bitcoin ETF. The duo also discusses intrinsic value as it pertains to Bitcoin, as well as multiple valuation frameworks for crypto networks and protocols. We hope you enjoy the episode! ----- The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter ----- Subscribe to The...

zkSync is the fastest-growing L2 in the Ethereum ecosystem. Find out why in episode 9 of The Rundown as Michael and Shiv go onchain with Token Terminal to unearth the insights behind user activity, top projects on zkSync, user retention rates, and how zkSync compares to its top competitors. We hope you enjoy the episode! ------ Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts:...

In this week’s episode of The Rundown, Shiv and I share our predictions for 2024! Topics covered: BTC, ETH, SOL price targets DeFi DePIN Social Media NFTs & Gaming The election cycle in the US We hope you enjoy the episode! ------ Subscribe on YouTube: https://www.youtube.com/channel/UCGQqZBVIFO8agRSJ1gQCMKw?sub_confirmation=1 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts:...

In this week's episode of The Rundown, Michael and Shiv provide an overview of liquid staking on Solana and a comparison of Marinade Finance and Jito — the largest liquid staking solutions on the network. Learn more about staking on Solana and Marinade Finance here: https://marinade.finance/ The duo also provides a recap of the top stories in crypto in 2023— to help you learn from what transpired as we head into the next adoption cycle. Topics covered: - Marinade Finance vs Jito...

In this week's special edition of The Rundown, Michael and Shiv share their unique journeys into web3 including the unique challenges, lessons learned, the importance of curiosity, and why they are so excited for the future. In the season of giving, we hope you can learn from their experience and apply some takeaways to your own life.  Topics covered: - Michaels's journey from accounting/finance, commercial real estate, and MIT's Investment Management Company to crypto - Shiv's journey...

In this week's episode of The Rundown, Michael and Shiv cover everything you need to know about Bitcoin heading into 2024. This episode is packed with actionable insights. Topics covered (charts & data visuals + discussion): - Bitcoin's Hash Rate - Long-Term Holder Activity - Miner Net Positions & Activity - Stock to Flow Chart - Cost to Mine 1 BTC (and what it means) - MVRV Cycle Indicator Ratio - 200 Week Moving Average (and why recent break out is bullish) Going onchain with...

If you don't know your numbers you don't know you're crypto! In this weeks episode of The Rundown, Michael, and Shiv discuss Uniswap — the largest decentralized exchange in crypto. Topics discussed: - Uniswap's business model & breakthrough innovation - Use cases for Uniswap in finance - Uniswap financials & KPIs - How Uniswap is integrating in the tech stack - The UNI token - How Uniswaps economics change on various blockchains - Will Uniswap launch its own L2? Subscribe on...

If you don't know your numbers, you don't know your crypto! In this week's episode of The Rundown, Michael and Shiv discuss the elements of the Ethereum tech stack and the economics of Ethereum Layer 2 networks. - What are the margins of Ethereum L2s?- How much revenue is running through L2s today?- How many transactions do they need to support to onboard the next billion users?- How do their fundamentals stack up against each other and the alternative L1s?- What are some good mental models...

In this week's episode of The Rundown, Michael and Shiv unpack the question on everyone's minds: are we in a new bull market?? The duo also shared their perspectives on the following important topics: - Global macro & liquidity conditions (and how they impact crypto) - Regulation - Binance - Bitcoin - Solana institutional interest (and the massive premium on Greyscale) Finally, the on-chain data with Token Terminal segment this week covered liquidity conditions, the reflexive nature of...

Welcome to The Rundown! In the first episode, Michael and Shiv share their unique backgrounds, their journeys into web3, and what brought them together to co-host The Rundown. The duo also provides a sneak peek into various topics to be covered in future episodes and why the podcast will be anchored to fundamental analysis and on-chain data. Thanks for tuning in! --- The Rundown is powered by Token Terminal — the leading on-chain data and analytics platform for institutional investors....