Bell Curve

Blockworks
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Bell Curve breaks down the most important themes in crypto for people who, like us, are confined to the middle of the bell curve. Each season explores a different thesis that we'll test and refine through debate with crypto's best. If you're a crypto native, degen or investooor, this podcast is for you. Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

  1. AUG 15

    The Best of Bell Curve

    Bell Curve is taking a short summer break while the team recharges and enjoys some vacation time. We’ll be back with brand new episodes in September on our usual schedule. In the meantime, we didn’t want to leave you hanging, so we’ve pulled together some of our favorite conversations from past episodes — the moments you loved, and the ones worth hearing again. Enjoy the highlights, and we’ll see you in September with fresh content! -- Resources Hyperliquid’s Bold Vision For DeFi: https://youtu.be/xHGKv0Cx7ao How Bitcoin Prepared Us For the Memecoin Era: https://youtu.be/ITQE2a8hZZg Everything You Need to Know About Crypto Treasury Companies:https://youtu.be/DxyEE_G_3Wk Entering Ethereum’s New Era: https://youtu.be/P1GjDXrE-OQ -- Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users. The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more.  Go to app.katana.network to check it out.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Crypto’s premiere institutional conference returns to London in October 2025. Use code BELL100 for £100 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london -- Follow Michael: https://twitter.com/im_manderson Follow Vance: https://twitter.com/pythianism Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (0:58) Hyperliquid’s Bold Vision For DeFi (13:33) Ads (Katana & Eigen) (14:27) How Bitcoin Prepared Us For the Memecoin Era (24:49) Ads (Katana & Eigen) (26:23) Everything You Need to Know About Crypto Treasury Companies (34:23) Entering Ethereum’s New Era -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

    39 min

  2. AUG 8

    GPT-5, Trump’s Crypto Executive Order, and Ethereum’s Bullish Saga | Roundup

    In this week’s Roundup, we discuss the release of GPT-5, Trump’s Fed Governor appointment and macro policy shifts, Trump’s executive order to ease the path for private assets and crypto to be included in 401(k)s, Ethereum's institutional momentum, and emerging DeFi yield structures. Thanks for tuning in! -- Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users. The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more.  Go to app.katana.network to check it out.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Follow Michael: https://twitter.com/im_manderson Follow Vance: https://twitter.com/pythianism Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (1:33) OpenAI Releases GBT-5 (12:47) Ads (Katana & Eigen) (13:41) Trump Appoints Stephen Miran as Fed Governor (19:48) Trump's 401k Executive Order (32:44) Ads (Katana & Eigen) (34:18) Tom Lee's Bullish Saga Continues (45:41) DeFi Catalysts -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

    58 min

  3. AUG 5

    Empire Cross-Post: The Bull Case For GLXY With Duncan & Rittenhouse Research

    Gm! This week, Duncan and Matt join Yano to dive into Galaxy’s unique business model and how it’s perfectly positioned for the AI, crypto and datacenter narratives as we move into the future.  -- Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information.  Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks  Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. -- Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Follow Rittenhouse Research: https://x.com/RHouseResearch Follow Duncan: https://x.com/FloodCapital Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh -- Timestamps: (0:00) Introduction (2:33) Unpacking Galaxy (6:37) Bitcoin Mining (14:05) Crypto Business (16:05) Arkham Ad (16:30) Galaxy’s Products (23:41) Goldman Sachs’ Valuation (30:57) Data Center Business (41:37) Arkham Ad (42:18) Galaxy’s Business Evolution (51:46) Economics Explored (59:13) Data Center Developments (1:11:12) Challenges (1:24:01) GLXY Stock Analysis -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    1h 32m

  4. AUG 1

    Inside Crypto’s Credit Revival With Sid Powell | Roundup

    In this episode, we’re joined by Maple Finance CEO and Co-Founder, Sid Powell, to discuss the evolving crypto credit landscape. We dive into the SEC’s Project Crypto initiative, institutional demand, structural shifts in DeFi lending post-Genesis, the rise of yield-bearing stablecoins, market indicators of leverage buildup, and the path toward DeFi 2.0 with improved transparency, regulation, and scalability. Thanks for tuning in! -- Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users. The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more.  Go to app.katana.network to check it out.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Follow Sid: https://x.com/syrupsid Follow Michael: https://twitter.com/im_manderson Follow Vance: https://twitter.com/pythianism Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (2:23) SEC Launches Project Crypto (7:20) Institutional Demand (9:58) Ads (Katana & Eigen) (10:52) The Lending Landscape Today (17:58) Borrowing to Short (21:03) Centralized Lenders (23:15) What is DeFi 2.0? (27:17) Ads (Katana & Eigen) (28:50) Crypto's Origination Landscape (35:14) Lending Flow (40:27) Regulatory Hurdles (42:39) Growth Vectors (50:21) Potential Market Convergence (57:08) Where is Leverage Building Up? (1:04:08) Checking Market Health -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

    1h 10m

  5. JUL 29

    Forward Guidance: Threat to Fed Independence is Un-Anchoring Inflation Expectations | Jens Nordvig

    In this episode, PhD Economist Jens Nordvig breaks down the evolving macro environment marked by waning Fed independence, shifting capital flows, and a weakening U.S. dollar. He explains how tariff shocks, long-end bond dynamics, and geopolitical tensions are reshaping global investment behavior and challenging the traditional safe-haven role of U.S. assets. Jens also outlines the structural phases of de-dollarization, central bank reserve diversification, and how these factors may signal a long-term dollar downtrend. Enjoy! -- Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users. The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more.  Go to app.katana.network to check it out.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Follow Jens: https://x.com/jnordvig Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance -- Timestamps: (0:00) Introduction (3:21) Unpacking the Current Regime (7:43) US Macro Overview (8:18) Ads (Katana & Eigen) (9:15) US Macro Overview (13:44) FX & Dollar Hedging (18:55) Tariff Impact on Capital Flows (24:55) Diversifying Central Bank Reserves (28:56) What’s Holding Up the Dollar? (29:38) Ads (Katana & Eigen) (31:12) What’s Holding Up the Dollar? (36:02) Un-anchoring Inflation Expectations (41:04) Bond Yields, Fiscal & the Fed (48:10) US Growth & Investment (50:03) Fed Cut Expectations (51:58) Tariff Threat Overstated? -- Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    57 min

  6. JUL 25

    Everything You Need to Know About Crypto Treasury Companies With Jeff Park | Roundup

    In this episode, we’re joined by Bitwise’s Head of Alpha Strategies, Jeff Park! We explore the financial engineering behind Bitcoin treasury companies, focusing on Michael Saylor’s capital structure innovations. We discuss convertible debt, preferred equity, market demand dynamics, options chains, in-kind contributions, tax and regulatory implications, and the sustainability of these treasury vehicles. Thanks for tuning in! -- Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information.  Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks  Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Follow Jeff: https://x.com/dgt10011 Follow Michael: https://twitter.com/im_manderson Follow Vance: https://twitter.com/pythianism Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (1:49) The Convertible Debt Market (9:44) Preferred Shares vs Converts (12:19) Ads (Arkham & Eigen) (13:10) The Demand Side (21:35) How is Saylor's Strategy Possible? (30:47) Ads (Arkham & Eigen) (32:24) What Is The Investment Bank's Role? (37:45) Bitcoin Treasury Companies Abroad (45:38) What Are Treasury Companies Allowed To Do Onchain? (48:29) Treasury Company Financial Metrics (51:44) The Best Path For Ethereum Treasury Companies (56:56) Bitmine's Options Chain (1:00:05) The Impact of In-kind Contributions (1:03:56) The Doom Loop (1:08:35) Comparing Treasury Vehicles and GBTC (1:11:47) How Do Treasury Companies Impact Demand? -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

    1h 15m

  7. JUL 22

    Empire Cross-Post: DC Crypto Week Takeaways With Rebecca Rettig & Alexander Grieve

    Gm! This week, Rebecca Rettig and Alexander Grieve join Jason to unpack the successful crypto week and the 3 pieces of legislation that have passed and will now impact the way stablecoins and crypto move forward in the US landscape.  -- Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users. The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more.  Go to app.katana.network to check it out.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi.  Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo  Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz -- Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Follow Alex: https://x.com/AlexanderGrieve Follow Rebecca: https://x.com/RebeccaRettig1 Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh -- Timestamps: (0:00) Introduction (1:38) Crypto Week Breakdown (6:01) GENIUS Act (26:03) Ads (Katana & Eigen) (26:57) CLARITY Act (37:36) CLARITY Act + ICOs (41:46) Ads (Katana & Eigen) (43:20) CLARITY Act + DeFi (54:01) Citrea Ad (54:37) ANTI-CBDC Act (58:11) Impacts Of These Bills (1:01:19) Biggest Debates On Bills -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    1h 6m

  8. JUL 18

    Ethereum’s Comeback, PumpFun’s ICO, and Crypto’s Regulatory Shift | Roundup

    In this episode, Mippo and Vance discuss Ethereum’s resurgence driven by institutional inflows, and stablecoin adoption. They also dive into the PUMP ICO, its market positioning, and consumer platform potential. Finally, they cover regulatory developments, including the CLARITY and GENIUS Acts, and Coinbase’s wallet rebrand. Enjoy! -- Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information.  Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks  Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.  -- EigenLayer just launched EigenCloud - the infrastructure powering crypto's "cloud era." Like AWS transformed the internet, EigenCloud gives any developer cloud-grade programmability with crypto-grade verifiability. EIGEN stakers earn from the entire verifiable economy flywheel. Follow @eigenlayer on X to learn more. This is not financial advice.  Investing in blockchain-based assets like the EIGEN token involves significant risk, including the potential loss of your entire investment. By participating, you are agreeing to EigenCloud’s terms and conditions apply. -- Follow Michael: https://twitter.com/im_manderson Follow Vance: https://twitter.com/pythianism Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (2:00) Ethereum's Massive Shift (14:01) Ads (Arkham & Eigen) (14:52) The PUMP ICO (26:11) PumpFun's Buyback & Outlook (34:26) Ads (Arkham & Eigen) (36:03) The CLARITY Act Passes (41:59) Coinbase's Rebrand and Next Steps (54:56) The GENIUS Act Passes (56:21) Robert Leshner's Treasury Company -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

    1 hr
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Ratings & Reviews

4.8
out of 5
33 Ratings

About

Bell Curve breaks down the most important themes in crypto for people who, like us, are confined to the middle of the bell curve. Each season explores a different thesis that we'll test and refine through debate with crypto's best. If you're a crypto native, degen or investooor, this podcast is for you. Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

Information

  • Channel
    Blockworks
  • Creator
    Blockworks
  • Years Active
    2022 - 2025
  • Episodes
    299
  • Rating
    Explicit
  • Copyright
    © 384141 Blockworks 2022
  • Show Website
    Bell Curve

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