CLARITY Failed, Many Stablecoins Debate, Circle Launches Arc & Meta's AI Edge | Weekly Roundup

Jason Yanowitz (0:00)

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Nothing said on Empire is a recommendation to buy or sell any investments or products.

And we're live. What's up, folks? Welcome back to the Roundup. No, Santi, we got Rob here. Rob heard me talking shit about him the other week, so he not only joined this week, but he booted Santi.

Rob Hadick (1:11)

Well, I shouldn't have booted you. I mean, you're the one talking shit, not him.

Jason Yanowitz (1:14)

True, true. You thought I wasn't going to listen.

Rob Hadick (1:16)

It's a test.

Jason Yanowitz (1:18)

You're listening. I'm impressed.

So were you an Empire listener before joining?

Rob Hadick (1:25)

Occasionally. I'm not like an every week listener of any podcast. Like there's no podcast I'm an every week listener of. But occasionally. So like the round up, I would love to hear Santi and you just mostly talk every week about how to buy more hood. So you've been right about that for many, many years. We're right. Yeah.

Jason Yanowitz (1:45)

What's been going on, man? I feel like you've been at like there's you're in New York right now. There's like 400 conferences in New York right now.

Rob Hadick (1:50)

Yeah, I am in New York at the moment.

Jason Yanowitz (1:52)

Yeah, we got Circle, we got Avalanche.

Rob Hadick (1:53)

I was in DC last week at a conference.

Jason Yanowitz (1:55)

DC, yeah. So when are you getting work done these days?

Rob Hadick (2:00)

I don't do work. I just do podcasts and meetings.

Jason Yanowitz (2:04)

Nice, nice. Yeah, someone asked me the other day, I said, who runs the company if you're just podcasting all day? I was like, it's really unfortunate you think of me like that.

Rob Hadick (2:14)

No, it's a sign of like a good leadership, right? Like the place runs itself without you. So yeah, we have an incredible good, incredibly talented set of investors that do most of the work, and I get to come and hang out with you. So there you go.

Jason Yanowitz (2:29)

There you go. It's a good life you live, Rob.

All right, man, we got a long, long list this week. We've got regulatory stuff, which usually I wouldn't dive too deep into, but there was interesting stuff from the SEC and actually CFTC. The CFTC thing got passed over a little bit, but SEC today and then also Clarity got rejected this week, so we should probably start there. There's some other stuff around. Polymarket had some big hires, which I'm sure you'll want to talk about. S&P had two big deals this week, big investment into Kyco, and then they also, S&P acquired a crypto company called Open Zeppelin. Circle launched ARK, announced their token.

Well, it ups a lot of downs on the feed. Anyways, got a lot of buzz, so we should talk about that. I was at the Circle ARK launch event yesterday, and then some smaller news. Kamino got a new CEO. Colum, which is a very interesting kind of AeroBor competitor launched stable coins.

Rob Hadick (3:24)

Make sure you wouldn't call it an AeroBor competitor, to be honest. They're a little bit of different businesses.

Jason Yanowitz (3:30)

You're right. You're right. That was an oversimplification, I would call it.

Rob was like, you know a thing or two about Fintech. And then Instinct. Instinct, my favorite company in the world, Instinct, other than BlockWorks, I said, go Long Instinct, raise it 10 billion. Rob, as usual, wrong, me, right. So anyways.

Rob Hadick (3:50)

By the way, when I was listening to the podcast last week, you had this segment that you guys tweeted out that which was like, oh, you were very clear. You're like, the multi stable coin thesis is dead. It is a duopoly and everything else has been proven wrong. And like you could not have been more wrong in that segment. And like, I don't know. Yeah, and like I wasn't there. So I felt like you had this topic when I wasn't there.