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 UnchainedGuests:  Bill Barhydt, Founder and CEO of Abra Robert Leshner, Co-founder & CEO of SuperstateLinks:Steve’s story on the DAT that claimed it raised much more than it actually didSubscribe to Bits + Bips newsletter hereTimestamps: 🎬 📈 🧐 🏛️ 🌐 🏦 ⚠️ ⚔️ 👑 🚀 🤔 🔄 Learn more about your ad choices. Visit megaphone.fm/adchoices