Bitcoin's Crossroad: DeFi Bleeds While Stablecoins Win

About this episode

The episode discusses the current state of Bitcoin, the challenges facing DeFi, and the rise of stablecoins amidst regulatory actions.

Bitcoin holds steady while DeFi scrambles through a $300 million bailout after the Kelp DAO hack raising real questions about how decentralized DeFi actually is. Meanwhile, stablecoins are making moves. Meta is paying creators in USDC, Tether proposed a mega merger to build the biggest public Bitcoin company, and the Treasury seized nearly $500M in Iranian crypto. The Fed is expected to hold rates in Powell's likely final meeting, and Wall Street just split on whether quantum computing is coming for Bitcoin's encryption. We break it all down live. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Scott Melker

Topics covered

• Bitcoin
• DeFi
• stablecoins
• crypto regulation
• quantum computing
• financial markets

Keywords

• Bitcoin
• DeFi
• stablecoins
• Kelp DAO hack
• Meta USDC
• Tether merger
• crypto regulation
• quantum computing

Mentioned in this episode

Organizations: Meta, Tether, Treasury, Kelp DAO

Places: Iran

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