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Prince states Cloudflare is working on the 402 payment standard with Coinbase and others, seeking a stablecoin solution that can scale to 100 million TPS, which no existing blockchain supports.
Robin Linus compared MicroStrategy to SBF on steroids, implying fraud. Steve and Max counter there's no evidence funds aren't held in Bitcoin, with custody at Coinbase providing contrary evidence.
Max identifies key Stretch risks: custodial hack at Coinbase, and the growth of DeFi loops which comprise 4% of Stretch AUM and could create systemic leverage.
Lorenzo says perpetuals are the most profitable product in crypto. He expects stiff competition from centralized exchanges like Coinbase and Kraken launching their own perpetual products.
Senator Elizabeth Warren called crypto bank charter approvals for Coinbase, Circle, Ripple, and others illegal, arguing they violate the National Bank Act.