The Edge Podcast

Sean Farrell is Head of Digital Asset Strategy at Fundstrat.
Equities are at all-time highs. Crypto has lagged all year. And a lot of crypto investors are frustrated.
In this episode, Sean explains exactly why that divergence happened but also why he believes the worst headwinds are now behind us and we're much closer to a bull market than we were at the start of 2026. He covers what data he watches day to day and which DeFi sectors are best positioned to accrue value in the next uptrend, plus the macro case for why Bitcoin and ETH belong in every modern portfolio.
Bear markets are when the most money is made. Start to lock in!
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💎 THIS EPISODE'S SPONSORS
🔒 KPK | Best risk-adjusted yield through automated vaults

🏦 AXIS | The Origin Vault launched on Ethereum

🌐 RE | Earn real yield backed by regulated reinsurance programs

🟠 APYX | The first dividend-backed stablecoin (DBS)

🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale

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⏱️ TIMESTAMPS
0:00 - Intro
3:03 - Sean’s role as Head of Digital Asset Strategy at Fundstrat
6:31 - When did DeFi become legit tech for Fundstrat?
12:47 - How Sean and Tom Lee marry differing market views
20:04 - Why market conditions for crypto have vastly improved
26:28 - Is this the market bottom?
28:47 - Price recovery will precede an expansion in crypto-native credit
31:35 - Can DeFi app-layer tokens be winners in the next uptrend?
36:35 - Which DeFi sectors are best positioned to accrue value?
43:48 - TradFi and fintechs are integrating DeFi into their business
46:16 - Is sentiment bullish for crypto on Wall Street?
52:47 - Chance for CLARITY to pass + possible political headwinds
57:34 - The macro case for ETH and BTC in every portfolio
1:03:00 - From niche alternative markets to trillions onchain
1:05:23 - Closing
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🔗 GUEST LINKS
► Fundstrat Direct: https://fundstratdirect.com/
► Fundstrat Direct on X: https://x.com/fundstratdirect
► Sean Farrell on X: https://x.com/SeanMFarrell
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🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER
► Newsletter: https://the-edge.xyz
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/
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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Parker White is a Founding Contributor of Apyx.
Is STRC back? Saylor's flagship BTC-backed dividend-paying instrument has had a rough summer, trading more than 10% below par since mid-June, until this week. It's been a full on panic of investors asking what comes next.
In this episode, Parker walks us through why STRC exists in the first place, why it's often misunderstood, and how it can fully restore investor confidence to get back to par ($100). He covers what Apyx does to distribute STRC exposure onchain, what happened with Apyx's own apyUSD/apxUSD and what's been improved since then. He also explains why DeFi composability makes STRC exponentially more powerful onchain than it is in a brokerage account.
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💎 THIS EPISODE'S SPONSORS
🔒 KPK | Best risk-adjusted yield through automated vaults

🏦 AXIS | The Origin Vault launches on Ethereum on July 29th

🌐 RE | Earn real yield backed by regulated reinsurance programs

🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale

⚔️ KATANA | Deep liquidity & real yield

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⏱️ TIMESTAMPS
0:00 - Intro
2:33 - From fixed income to building Apyx
4:35 - What is STRC, why it exists, and what’s the end goal?
12:48 - Has the original vision for STRC changed?
17:35 - What is Apyx? How does it distribute STRC exposure in DeFi?
21:47 - What happened with apxUSD and what’s improved?
25:40 - What can Strategy do to get STRC back to par?
34:05 - What else could be used to back apxUSD and apyUSD?
35:48 - Earning back user confidence in Apyx post-STRC’s depeg
39:41 - Thoughts on future maturities for Strategy’s convertible debt
51:01 - Saylor is still Bitcoin’s CMO
53:16 - Why DeFi composability makes STRC more powerful
58:00 - Closing
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🔗 GUEST LINKS
► Apyx website: https://apyx.fi/
► Apyx on X: https://x.com/apyx_fi
► Parker White on X: https://x.com/theotherparker_
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🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER
► Newsletter: https://the-edge.xyz
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/
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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. Apyx has been a sponsor of The Edge Podcast. They have never paid for a guest slot. We do not offer paid guest slots. We chose Parker for his subject matter expertise bridging DeFi and explaining how the STRC perpetual preferred stock works.

Michael Nadeau is the Founder of The DeFi Report.
Is the market bottom in? Michael isn't sure, but he's deploying anyway.
In this episode, Michael walks us through his H2 2026 outlook using onchain data and market structure analysis. We cover why classic BTC top indicators never triggered this cycle, and why he's been buying below $65K while still unsure the lows are fully in. We discuss why application layer tokens could be the big winners next bull run, why fast DeFi protocols hold a place in his portfolio, and how to think about getting long the tokenization of all assets.
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💎 THIS EPISODE'S SPONSORS
🔒 KPK | Best risk-adjusted yield through automated vaults

🏦 AXIS | The Origin Vault launches on Ethereum on July 29th

🌐 RE | Earn real yield backed by regulated reinsurance programs

🟠 APYX | The first dividend-backed stablecoin (DBS)

🌏 MANTLE | The world’s premier RWA distribution layer

🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale

⚔️ KATANA | Deep liquidity & real yield

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⏱️ TIMESTAMPS
0:00 - Intro
1:50 - From accounting to building The DeFi Report
5:20 - The elevator pitch for crypto in 2026
8:46 - What to expect for crypto in the second half of 2026?
13:52 - Is the market bottom in? Why Michael’s buying below $65k BTC
19:13 - What’s different this bear market?
23:43 - Why classic BTC top indicators never triggered?
28:10 - App layer tokens could be big winners next bull run
35:50 - What is fast DeFi and why Michael likes PUMP
45:00 - Why Michael bought ENA
49:30 - How Michael ended up with LIT vs HYPE
59:00 - Key themes in Michael’s portfolio
1:04:20 - How to get long the tokenization of all assets
1:09:09 - What are the best ways to lose money in crypto?
1:15:06 - $1M price target for BTC and why it’s a portfolio anchor
1:18:40 - Closing
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🔗 GUEST LINKS
► The DeFi Report (one month free): https://thedefireport.io/friends
► The DeFi Report on X: https://x.com/the_defi_report
► Michael Nadeau on X: https://x.com/JustDeauIt
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🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER
► Newsletter: https://the-edge.xyz
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/
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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Paul Frambot is the CoFounder and CEO of Morpho.
In this episode, we discuss how Morpho has built through one of crypto's hardest bear markets, thriving off major integrations with CEXs and fintechs like Coinbase and Robinhood, plus partnerships with TradFi players like Apollo.
We get a first look at Morpho Midnight, screensharing their biggest product launch yet, introducing a new primitive for DeFi fixed rate lending and borrowing. We cover what Midnight means for leveraged positions and loopers, and why fixed rates are a non-negotiable condition for serious institutional capital entering DeFi.
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💎 THIS EPISODE'S SPONSORS
🔒 KPK | Best risk-adjusted yield through automated vaults

🏦 AXIS | The Origin Vault launches on Ethereum on July 29th

🌐 RE | Earn real yield backed by regulated reinsurance programs

🕛 NOON | The highest and safest stablecoin yield, built for the long term

🟠 APYX | The first dividend-backed stablecoin (DBS)

🌏 MANTLE | The world’s premier RWA distribution layer

🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale

⚔️ KATANA | Deep liquidity & real yield

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⏱️ TIMESTAMPS
0:00 - Intro
1:58 - How Morpho managed to beat the bear market trend
5:18 - Crypto’s greater success as finance infra
9:57 - Onchain integrations for fintechs like Coinbase & Robinhood
14:00 - Why TradFi partners like Apollo trust Morpho infra
16:53 - The importance of Morpho being credibly neutral
19:46 - The evolution of curators to underwrite billions of people
26:03 - Introducing Morpho Midnight and the problem it solves
29:48 - Screenshare demo of Morpho fixed rate markets
35:08 - Understanding how multi-market offers work
39:22 - Expectations for maturity dates
40:48 - What Midnight unlocks for leverage and loopers
42:40 - Closing
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🔗 GUEST LINKS
► Morpho website: https://morpho.org/
► New Morpho Markets app: https://markets.morpho.org/
► Morpho on X: https://x.com/morpho
► Paul Frambot on X: https://x.com/PaulFrambot
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🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER
► Newsletter: https://the-edge.xyz
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/
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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Pablo Sabbatella is the Founder of Opsek and Louis is the Head of Operations & Audits.
North Korea has an estimated 2,500 organized hackers targeting crypto right now, which is why stolen funds often don't come from smart contract bugs, they start with hacking people.
In this episode, Pablo and Louis walk through the real threat landscape facing DeFi users and protocols today, including the most common attack vectors targeting crypto holders right now. We discuss what DeFi protocols must do to raise the security bar and what we as individual users can do today to meaningfully reduce the risk and protect ourselves.
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💎 THIS EPISODE'S SPONSORS
🔒 KPK | Best risk-adjusted yield through automated vaults

🏦 AXIS | The Origin Vault launches on Ethereum on July 29th

🌐 RE | Earn real yield backed by regulated reinsurance programs

🕛 NOON | The highest and safest stablecoin yield, built for the long term

🟠 APYX | The first dividend-backed stablecoin (DBS)

🌏 MANTLE | The world’s premier RWA distribution layer

🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale

⚔️ KATANA | Deep liquidity & real yield

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⏱️ TIMESTAMPS
0:00 - Intro
2:04 - How Pablo pulled Nomatic’s data from just an email
4:29 - From hacking for fun to white hat security
11:42 - How real is the threat of AI in DeFi?
17:12 - When will AI tools protect DeFi users?
22:58 - Common attack vectors in DeFi and how to stay safe
29:56 - How to safely buy a hardware wallet
32:49 - Assessing Nomatic’s wallet management
35:55 - Passkeys vs 2FA, mistakes to avoid
43:28 - Why everyone should be using physical keys (Yubikey)
46:17 - How DeFi builders can avoid compromising devices
53:01 - What is Security Alliance (SEAL)?
57:14 - How Opsek protects crypto for CEXs, HNWI, and DeFi
1:02:31 - DPRK's 2,500 hackers working to steal your crypto
1:10:22 - Close calls with real hackers
1:18:47 - Closing
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🔗 GUEST LINKS
► Opsek website: https://opsek.io/
► Opsek on X: https://x.com/opsek_io
► Pablo Sabbatella on X: https://x.com/PabloSabbatella
► Louis on X: https://x.com/theSouilos
► Security Alliance on X: https://x.com/_SEAL_Org
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🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER
► Newsletter: https://the-edge.xyz
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/
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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.