Crypto’s bull run may be far from over, but the battleground is shifting.  On this week’s Bits + Bips, Bill Barhydt of Abra and Robert Leshner of Superstate join Ram Ahluwalia and Steven Ehrlich to debate:  The current state of the markets with a looming government shutdown  SWIFT’s move to build on Linea, an Ethereum layer 2 Hyperliquid vs Aster The future of perps vs. spot  Why some DATs are starting to look like grifts  Whether DeFi billionaires will ultimately eclipse their CeFi predecessors  Plus: Binance’s and Tether’s valuation, CZ as the entrepreneur of the decade, and why the industry may be entering an era of “perpification.” Thank you to Xapo for sponsoring this episode! Hosts: Ram Ahluwalia, CFA, CEO and Founder of Lumida Steven Ehrlich, Executive Editor at Unchained Guests:  Bill Barhydt, Founder and CEO of Abra Robert Leshner, Co-founder & CEO of Superstate Links: Steve’s story on the DAT that claimed it raised much more than it actually did Subscribe to Bits + Bips newsletter here Timestamps: 🎬0:00 Intro 📈 3:26 Why Bill believes the bull run is far from over 🧐 5:10 Why Ram is pushing back on market FUD 🏛️ 9:10 Will a government shutdown impact markets? 🌐 12:48 Why SWIFT building on Ethereum’s Linea layer 2 is such a big deal 🏦 22:15 Whether it even matters if banks embrace crypto ⚠️ 27:50 How one DAT may have been the “ultimate grift” ⚔️ 35:58 Inside the DEX perps wars: Hyperliquid vs Aster 👑 40:32 How valuable Binance and CZ really are to the industry 🚀 50:39 What advantages make Hyperliquid stand out in the perp battle 🤔 53:14 Why picking winners in trading isn’t so simple 🔄 57:29 Winners in stablecoin race plus why perps are better than spot Learn more about your ad choices. Visit megaphone.fm/adchoices