Trading & Markets
基金、股票、杠杆与崩盘
English interviews about trading and markets, in Chinese — AI-dubbed in each speaker's own voice, faithful translation only. Hedge funds, equities, leverage, and what happens when they break.
Unofficial fan channel · not affiliated with Hyperliquid · AI-dubbed, faithful translation.
Curated. Original-voice Chinese dubs.
33 episodes
This is How Pump.Fun Goes to $100 Billion! | Noah Tweedale
Ran sits down with Noah Tweedale, co-founder of Pump.fun, the launchpad that generated over $1 billion in revenue since January 2024 and drives roughly 40% of Solana's activity. Noah breaks down the $2 billion foundation treasury, the 50% buyback and burn, the 25% token unlock, why the founders stay undoxed, and the plan to turn Pump.fun into a mobile-first social trading app with a stablecoin, perps and prediction markets. All of Pump.fun's major next steps are revealed in this interview...
Martin Shkreli Breaks Down the Collapse of Situational Awareness
Martin Shkreli breaks down the collapse of Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness: why leverage turns an ordinary market correction into a disaster, how Wall Street unwinds a position that size, and why AI infrastructure stocks sold off even as AI demand hit records — and whether the AI trade has further to fall.
Is the AI Bubble Bursting? Not Yet, Says Dan Farley
Dan Farley from State Street Investment Management discusses the recent volatility in global equities, particularly in semiconductors, while maintaining optimism about the ongoing AI-driven rally supported by strong earnings growth. He cautions against calling for a bubble too early but acknowledges risks related to earnings performance and potential interest rate increases.
Vladimir Novakovski: Lighter Bull Thesis For 2026 (What’s Changed)
In this interview from DeFi Slate 2022, Vladimir Novakovski, CEO and founder of Lighter, discusses the growing interest in blockchain technology among traditional financial institutions and highlights Lighter’s unique design, emphasizing its robust security features and escape hatch mechanism. He also delves into the educational role Lighter plays in helping institutions understand the complexities of decentralized finance platforms.
The Undervalued Hyperliquid Rival? Is Lighter ($LIT) the Next Hyperliquid?
This interview explores whether Lighter, a ZK layer 2 on Ethereum, offers a distinct advantage over established players like Hyperliquid by providing zero fees and a more robust engineering team, potentially opening up new market opportunities. The discussion highlights how these differences in strategy and economics could make Lighter a compelling alternative for traders and platforms looking to reduce costs and enhance user experience.
Saylor’s Bitcoin Trade Is Spreading! The $300T Credit Bet Explained
In this interview, Jeff Walton, Chief Risk Officer at Strive and creator of the SATA product, argues that Bitcoin should be seen as digital capital rather than just digital gold, emphasizing the potential for high-yield collateral-backed equity products like SATA to grow into a significant market size. He contends that these products are not Ponzi schemes but require robust risk management and balance sheet structure to ensure sustainability and trust.
DeFi Dad: Ethereum Will Be The Backbone of Finance (Tokenization & Stablecoins)
Defi Dad, a prominent figure in the crypto community, discusses with Andy the differences between lighter and Hyperliquid, emphasizing that while both platforms offer opportunities, he believes lighter provides a crucial escape hatch to Ethereum L1, which is a significant advantage. Despite the smaller market cap of lighter, Defi Dad points out that its regulatory setup and buyback mechanisms might offer better value than Hyperliquid's higher fees and greater mainstream awareness.
Venice vs. OpenAI and Anthropic: The Fight for Private AI
John and Jesse from Venice, the head of strategy and CTO respectively, explain that Venice aims to become a mass-market consumer app where privacy is a core feature, attracting users who may not be crypto enthusiasts. They discuss the importance of private AI to protect personal data from potential misuse by large tech companies, emphasizing that Venice offers an alternative for individual privacy in the age of advanced AI models.
I Re-Created A Quant Trading Strategy With Claude Code (Insanely Cool)
This video reveals the trading strategies used by hedge fund quants, which involve complex methods like state analysis (bull, sideways, bear) and the Markov property to make decisions based on current data rather than historical trends. The presenter simplifies these strategies into a format understandable for AI integration, providing viewers with a copy-paste prompt to implement them in their own trading systems using tools like Clawed Code or Pine Script.
Why the Co-Founder of LinkedIn Is Betting on NFTs Again
Reed Hoffman, a long-time believer in cryptocurrency and co-founder of AI companies, discusses his continued focus on the application layer while exploring new areas such as AI and identity management through NFTs. He emphasizes the importance of cryptographic networks for providing provenance, truth, and trust in an era dominated by AI-generated content, particularly in light of concerns like deep fakes.
Sal Ternullo: Why NEAR Remains Extremely Undervalued (Full Thesis)
In recent weeks, Near has seen significant market interest and uptake, particularly in relation to its AI and privacy features, diverging from Bitcoin's performance for the first time in a negative correlation. Sal Telo, co-founder of Sovereign and developer behind Near, discusses how the platform is repositioning itself as a unique asset with strong fundamentals, driven by growing institutional investment and the potential bullish catalyst of the Clarity Act.
Did Polymarket Resolve the MSTR Bet Wrong?
This interview transcript discusses the skepticism and criticism towards traditional financial institutions like SoFi from young Americans, who view them as problematic post-2008. The discussion also covers topics such as initial public offerings (IPOs), stable coins, and the impact of speculative investments on capital markets, with insights provided by Steve Saznik, Chief Strategist at Interactive Brokers.
Western Union, Visa, PayPal, Meta: Why Major Payments Giants Are Racing to Solana
In a bear market, Forward Financials emphasized strengthening their balance sheet by acquiring a minority stake in Onry, a reinsurance company issuing RWA on Solana, and securing a low-cost debt vehicle with Galaxy. This move aligns with the trend of treasury companies finding ways to optimize assets, as seen on platforms like Solana where various institutions are increasingly adopting stablecoins for global, fee-efficient transactions.
Solana’s Anatoly Yakovenko Says Permissionless Systems Are Critical for Institutions
In this interview, a key figure in the crypto space discusses the rapid pace of innovation and the necessity for gut-driven decisions to succeed in Solana's competitive landscape. They also explore how Solana can balance decentralization with institutional needs while emphasizing the importance of credible neutrality and upcoming technical milestones.
Strategy's Bitcoin Dilemma: Who Gets Hurt First?
This interview transcript discusses market dynamics, particularly focusing on the impact of geopolitical tensions and earnings reports on stock markets. Steve Sosnick, Chief Strategist at Interactive Brokers, explains how positive news from the Persian Gulf has led to a "ratchet effect" in stock prices, where each positive story temporarily boosts markets without significant follow-through. Additionally, the conversation touches on Fidelity's hiring for crypto and DeFi roles, highlighting the growing interest in blockchain technology within traditional financial institutions.
An Unfiltered Conversation with Chris Camillo
Mr. Chris shares his journey from an internet hustler who started with sneaker reselling in high school, moved to NFTs, and eventually shifted to crypto trading, only to find success in stocks through a unique methodology. He discusses the frustration of being a lone wolf in traditional markets before finding a community in crypto traders, seeing them as potential allies rather than competitors due to their relentless approach and technical skills.
Logan Jastremski: Will Hyperliquid Flip Solana?
Logan and Arby discuss the current state of high-throughput blockchain networks versus specific perps platforms in the crypto space, emphasizing the importance of execution and monetization. They explore how blockchains need to scale for global trading applications and contrast traditional layer-two solutions with localized ingestion models that could revolutionize market structures.
Evan Cheng on Why Sui Will Outlast Every L1
Evan, CEO and co-founder of Sui, discusses his company's focus on building core infrastructure for blockchain technology, emphasizing that while finance currently drives much of the interest in blockchain, tokenization has broader applications. He also explores the trend towards automation and integration with AI, highlighting Sui’s strategy to develop its own products and move up the stack from foundational layer one capabilities.
Crypto Coming of Age in the Era of Tokenization & AI | Thomas J. Lee (BitMine) | PBW 2026
Tom Lee, chairman of Bitmain, argues that the current crypto winter is not as severe as previous ones, citing the absence of a concurrent stock market bear market. He believes the equity markets have likely bottomed and predicts Ethereum could reach $60,000, driven by factors including tokenization and agentic AI.
Why Hyperliquid Is Still Undervalued - Bitwise Head of Research
This interview transcript features Ryan Rasmusen from Bitwise Asset Management discussing the recent launch of their Hyperliquid ETFs, highlighting the significant adoption and market response. Rasmusen explains how Bitwise's focus on crypto markets and its regulatory expertise contributed to their successful launch, setting them apart from larger traditional asset managers. He also provides insight into the mechanics of buying and staking through the ETF, emphasizing the one-to-one relationship between investment and staking rewards.
Michael Saylor: How to Stop Panicking When Bitcoin Drops
The interviewee discusses their resilience to the extreme volatility of cryptocurrencies like Bitcoin, drawing parallels between their experiences at MIT and founding a successful tech company. They emphasize that such volatility is a feature, not a bug, of the crypto market, and advocate for a long-term investment perspective of 4-10 years.
Vitalik Finally Says ETH Matters. Zak Cole: ‘Should Have Said That 5 Years Ago’
Vitalik Buterin discussed the Ethereum Foundation’s (EF) transition in his post, highlighting concerns about large companies' greed and their influence on technology development. He emphasized the EF's focus on longevity over breadth due to limited financial resources, with only 0.16% of all ETH, and stressed that ETH is now recognized as the most valuable product of the Ethereum blockchain, despite past reluctance to acknowledge its importance.
Clarity Act could expedite the institutional adoption of crypto investing, say ETF managers
Bitcoin has lost significant value since its peak in October 2025 but is expected to reach new highs within a year due to high investor interest and strong correlations with US stocks. The medium-term outlook remains positive, driven by growing institutional adoption and the potential impact of regulatory clarity, though altcoins remain cautious bets until further regulatory guidance is provided.
The EF Is Shrinking. What Does It Mean for Ethereum — and ETH?
In this interview, Laura Shin of Unchained discusses recent turmoil within the Ethereum Community Foundation, including departures of senior figures and Vitalik Buterin’s announcement about the foundation’s reduced role. Guests Zack Cole and Greg Markou offer their perspectives on these developments, noting that while there have been some positive steps, overall sentiment is negatively influenced by the current market downturn and concerns over the foundation's priorities and relevance in a mature Ethereum ecosystem.
NASDAQ Startup Bringing Gold Onchain | Co-founder and CEO of Streamex | DROPS E36
Henry McVey, co-founder and CEO of Stream X, explains that tokenized commodities like GLDY allow for exposure to assets such as gold while offering a 3.5% annual yield in additional gold. Stream X aims to bring traditional commodities into the digital age through tokenization, creating a future where these assets are more accessible and efficient.
Michael Saylor: Why Bitcoin Will Make You Rich (And Everything Else Fails)
Michael Sailor argues that Bitcoin is the dominant digital monetary network, comparing it to historical protocols like Arabic numerals and English as a global language, asserting its inevitability due to its stability and widespread adoption. He emphasizes that just as certain standards emerge victorious in various domains, Bitcoin has become the most powerful and widely accepted form of digital capital.
Hyperliquid to $150? Arthur Hayes Breaks Down His Bull Case
In this interview, Arthur Hayes discusses his bullish thesis on HYPE tokens from Hyperliquid, highlighting the platform's genuine trading volume and liquidity, which outperforms competitors despite increased competition. He explains how traders are using Hyperliquid to trade traditional assets like oil during market closures, validating the platform’s vision of providing 24/7 access to a wide range of tradable products.
“I Urge You To Sell Now Before It's Too Late" | Chris Camillo bitcoin prediction
In this interview, Chris Camillo, a money expert and multi-million dollar investor, advises against holding 12% of one’s portfolio in Bitcoin, citing its high risk and lack of market consensus, while also highlighting the potential for significant returns and the growing global interest in cryptocurrencies. He contrasts this with his own diversified investments, including a leveraged position in Amazon, and discusses the regulatory risks facing Bitcoin that could change in the next few years.
David Sold His ETH...Here's Why
In this interview, David Eless transitions from holding Ether to no longer owning it and discusses the current market conditions, including weak performance of Bitcoin and Ethereum but notable gains in some altcoins like Zcash and Hype. He also addresses macroeconomic concerns such as stagflation and rising bond yields, while reflecting on the exodus of researchers from Ethereum Foundation and his new "bankless" stance.
Hyperliquid Founder: Why Crypto Must Fix Finance Before AI Takes Over - Jeff Yan | E159
The interview focuses on Hyperlquid, a blockchain project aiming to become the "internet for money." Founder Jeff Yan emphasizes the company’s role in DeFi and its potential to revolutionize finance through a layer 1 blockchain with an on-chain order book exchange. He also discusses the challenges and responsibilities of generating significant revenue early in the project's lifecycle, highlighting the unique opportunity for early adopters to meaningfully participate in network growth.
Hyperliquid Founder: How to Win in Crypto (by Building for Users, Not VCs) | E95
Jeff is the Founder of Hyperliquid Labs, the company behind Hyperliquid, a decentralized perpetual exchange offering best-in-class speed, liquidity, and pricing for crypto traders. Hyperliquid is also one of the most awaited Layer 1s launches and aspires to become the "Amazon Web Services of Liquidity". The protocol is setting a new standard in DeFi by prioritizing users and rejecting traditional VC funding structures. In this episode, we explore: -Who is Jeff? His journey to Hyperliquid Labs -B...
Robinhood CEO Vlad Tenev: European Stock Tokens & Global Crypto Access
Robinhood CEO Vlad Tenev said tokenization could solve the issue of liquidity "by tapping into a global network of hundreds of millions of crypto market participants." Robinhood is launching their own crypto tokens, including tokens linked to OpenAI and SpaceX, hoping to give retail investors more access to private companies. Tenev says he’s welcoming scrutiny by European regulators. He speaks with Bloomberg’s Francine Lacqua in London. 00:00 - Vlad Tenev on products for EU stock tokens, giveawa...
The Next Chapter for Pump.Fun with Co-Founder Alon
Interview with Alon, Co-Founder of Pump.Fun, discussing the next chapter of their platform and future plans.
Request any English interview in Chinese — $1/episode launch price (≤60 min), live within 24h, requester credited. Listening is free for everyone.
how it works →