Episode Details

In this episode of Bits + Bips, we examine how rising global trade tensions could impact macro conditions, the Fed’s next move, and market stability. We also explore how investors should position themselves with inflation cooling and an uncertain policy path at the Fed.

We then look at what’s happening on the crypto side: volume shifting to tokenized public equities, the growing number of corporate stablecoin plans, and whether the promise of tokenization is matched by meaningful traction.

Joining hosts Joe McCann, Ram Ahluwalia, and Steve Ehrlich is Rob Hadick of Dragonfly, who shares his perspective on product-market fit in crypto, shifting market structure, and where real adoption may emerge.

Sponsor:

• Bitwise
  

• Joe McCann, Founder, CEO, and CIO of Asymmetric

• Ram Ahluwalia, CFA, CEO and Founder of Lumida

• Steve Ehrlich, Executive Editor at Unchained

• Rob Hadick, General Partner at Dragonfly

  
  

  LINKS:

• WSJ:

• Trump Faces Crucial Week for Reaching Trade Deals

• EU Still Hopes for Initial U.S. Trade Deal Before Deadline

• Reuters: Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to 14 nations

• CNN: Trump announces new tariffs of up to 40% on a growing number of countries

• University of Washington: OBBB Signed Into Law

• Unchained: 

• OpenAI Says Robinhood’s Stock Tokens Are Not Equity

• Tron Is Now More Expensive Than Ethereum. Will That Hurt Justin Sun’s New Company?

• AI Crypto Tokens Swoon as Nvidia Reaches a New All-Time High

• CoinDesk: CoreWeave to Acquire Core Scientific in $9B All-Stock Deal

• The Block: Bit Digital swaps entire treasury into Ethereum, says it's now a top public ETH holder after a $173 million splurge

  
  

  
  

• Timestamps:

• 🎬 0:00 Intro

• 🎭 2:05 Why Ram sees the tariff drama as more theater than substance

• 🎌 7:09 Whether Trump is leveraging tariffs ahead of Japan’s elections

• 📉 8:17 How low inflation is pressuring Jerome Powell and the Fed’s next move

• ⚠️ 12:06 Why Rob sa