About this episode
In this episode, we discuss Vitalik’s “low-risk DeFi” blog post, unpack Hasu and Jon Charbonneau’s HYPE supply-reduction proposal, and take a look at post-GENIUS Act stablecoin momentum. We also compare AI’s surge with crypto market performance, and close the episode with discussion on Tether’s $500B raise. Thanks for tuning in!
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Resources
Low-risk DeFi Can Be For Ethereum What Search Was For Google: https://vitalik.eth.limo/general/2025/09/21/low_risk_defi.html
Proposal to Reduce HYPE Total Supply By 45%: https://x.com/jon_charb/status/1970117627017105554
Ethereum Validator Queue: https://www.validatorqueue.com/
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Katana directs chain revenue back to DeFi users for consistently higher yields.
It starts with VaultBridge, which turns bridged assets into yield streams that back a perpetually funded real yield, boosting rewards for DeFi users. Katana is pioneering Productive TVL, assets actually being used in DeFi and reinforces this with Chain-owned Liquidity, permanent liquidity the chain controls.
Stop sleeping on your bags:
https://app.katana.network/?utm_source=BW-Pod
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Crypto’s premiere institutional conference returns to London in October 2025. Use code BELL100 for £100 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london
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Timestamps:
(0:00) Introduction
(4:10) Vitalik's Blog On Low-Risk DeFi For Ethereum
(25:07) Katana Ad
(25:36) Should HYPE's Total Supply Be Reduced?
(36:38) Activity In The Stablecoin Market
(41:00) Katana Ad
(41:37) Crypto vs AI Performance
(54:57) Tether's Major Capital Raise
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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast i
