The Signal The DeFi Report

On Episode 6 of The Signal, Michael and Oskari are joined by a special guest, Daniel Batten, an expert in ClimateTech and ESG investing. Together, we dive deep into the intersection of Bitcoin, energy, and the environment. We discuss how Bitcoin can accelerate renewable energy adoption, mitigate methane emissions, and potentially become the world's first carbon-negative network. Daniel shares his insightful research, debunks common myths about Bitcoin's environmental impact, and explores the unique economic incentives that make Bitcoin mining beneficial for renewable energy projects. We also touch on the potential for nation-states and major energy producers to get involved in Bitcoin mining. 



Links:

1. https://www.batcoinz.com/

2. https://x.com/DSBatten

3. ch4capital.com

4. https://x.com/dsbatten/status/1776555625318650205?s=46

5. https://x.com/dsbatten/status/1671336675497349121?s=46



Timestamps:

00:00 Introduction

01:30 Daniel Batten's Journey into ESG Investing and Bitcoin

03:06 The Potential of Bitcoin Mining to Mitigate Methane Emissions

06:43 Debunking Myths: The Environmental Impact of Bitcoin Mining

18:20 A Deep Dive into Bitcoin's Energy Consumption and Sustainability

30:30 Addressing Bitcoin FUD with Facts and Patience

34:29 Bitcoin's Unique Journey and Global Impact

39:12 Debunking Myths: Bitcoin and Renewable Energy

43:21 The Growing Recognition of Bitcoin's Environmental Benefits

48:08 Future Prospects: Bitcoin's Role in Energy and Climate Solutions

58:30 Envisioning Bitcoin's Expansion and Environmental Impact

01:02:27 Advice for Climate Tech Investors Considering Bitcoin



We hope you enjoy the episode!



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https://thedefireport.io/ethereum-inv...



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Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/



Follow Oskari: https://www.linkedin.com/in/oskaritempakka/



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The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice. 



The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. 



Listeners are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol.

This episode of The Signal dives into the evolution of Coinbase, one of Wall Street's most misunderstood companies. Learn about Coinbase's transformation from a Bitcoin-only exchange to a key player in the web3 infrastructure space, with a multifaceted business model including trading, staking products, stablecoins, a layer 2 blockchains, and prime brokerage services.

We analyze Coinbase's competitive positioning, operational efficiency, regulatory challenges, and the company's potential for unprecedented growth in the crypto and onchain economy over the next decade. Whether you're an investor, analyst, or simply curious about the future of crypto, this episode offers valuable insights into Coinbase's strategic direction and its pivotal role in web3.



00:00 From Bitcoin Exchange to Web3 Pioneer

02:21 Coinbase's Multifaceted Business: Beyond Just an Exchange

06:55 The Founding Story of Coinbase and Its Web3 Vision

11:38 Exploring Coinbase's Revenue Streams and Market Position

12:48 The Rise of Base: Coinbase's L2 and Its Impact

34:57 Coinbase Wallet and the Future of Web3 Accessibility

38:30 Understanding Coinbase's Trading Revenue and Market Dynamics

50:43 The Growing Importance of Stablecoins in Coinbase's Revenue

55:24 Staking

01:00:33 Prime Brokerage and Custody

01:02:59 Strategic Partnerships: Strengthening Coinbase's Ecosystem

01:06:24 The Competitive Landscape

01:17:29 Coinbase's Venture Portfolio

01:19:20 Coinbase vs. SEC

01:24:59 Analyzing Coinbase's Financials and Profit Drivers

01:31:51 Drawing parallels with Amazon’s growth trajectory



We hope you enjoy the episode!



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Subscribe to The DeFi Report Newsletter: ⁠

https://thedefireport.io/subscribe⁠



Download a copy of The Ethereum Investment Framework:

https://thedefireport.io/ethereum-inv...



Subscribe on YouTube:

⁠https://bit.ly/3SeyyA8⁠



Subscribe on Spotify:

⁠https://podcasters.spotify.com/pod/sh...



Subscribe on Apple Podcasts:

⁠https://podcasts.apple.com/us/podcast...



Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/



Follow Oskari: https://www.linkedin.com/in/oskaritempakka/



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The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.



The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.



Listeners are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol.

This episode provides an in-depth analysis of Circle and USDC, while also exploring the broader stablecoin landscape. The discussion highlights stablecoins as crypto’s killer use-case, Circle's transition from a Bitcoin wallet to a leading figure in the stablecoin space,  a data driven overview of USDC adoption, an overview of the competitive landscape, the regulatory environment, the anticipations around Circle's IPO, and the broader implications of stablecoins on the crypto ecosystem, banking sector, and global economy. 





00:00 Introduction

00:27 Stablecoins: Crypto’s killer use case

01:36 The Impact of Stablecoins on Global Finance

06:25 Circle's Evolution: From Bitcoin Wallet to Stablecoin Powerhouse

17:31 The Business Model Behind Stablecoin Issuers

31:50 Exploring the Competitive Landscape of Stablecoins

43:15 Data Dive: Analyzing USDC Distribution and Activity

48:04 Deep Dive into USDC's Performance on Different Blockchains

50:02 The Role of Bots in Crypto Transactions and Their Impact

51:05 Analyzing Transaction Volumes and User Behaviors Across Blockchains

01:04:08 Exploring Future Use Cases for Stabelcoins: Payroll and Daily Payments

01:09:37 Market Share, Rate Sensitivity, and the Impact of Interest Rates on Stablecoins

01:14:36 Regulatory Challenges and the Future of Stable-coins

01:22:23 Circle's Potential IPO

01:29:17 Concluding Thoughts



We hope you enjoy the episode!



---



Subscribe to The DeFi Report Newsletter: ⁠

https://thedefireport.io/subscribe⁠



Download a copy of The Ethereum Investment Framework:

https://thedefireport.io/ethereum-inv...



Subscribe on YouTube:

⁠https://bit.ly/3SeyyA8⁠



Subscribe on Spotify: 

⁠https://podcasters.spotify.com/pod/sh...



Subscribe on Apple Podcasts: 

⁠https://podcasts.apple.com/us/podcast...



Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/



Follow Oskari: https://www.linkedin.com/in/oskaritempakka/



---



The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.



The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.



Listeners and are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol.

In episode 3 of The Signal, Michael and Oskari take a deep dive into the onchain data landscape. They discuss various metrics and data points crucial for analyzing market cycles, comparing blockchain and dApps, and assessing the health and growth of crypto. They cover tools and platforms for accessing and interpreting onchain data, such as Token Terminal, Glassnode, Dune, and others. 

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Timestamps and topics covered:

00:00 Intro

01:04 Market updates & ETF flows

10:09 Exploring web3 data, its impact, and differences to web2 data

12:52 Deep dive into onchain data: Understanding the basics

25:45 The landscape of web3 data providers

35:34 Standardizing metrics for blockchains & dApps

39:59 Onchain data as a competitive edge 

46:21 Institutional interest in crypto

46:32 Onchain data's impact on equity analysis and traditional finance

53:54 Overview of Mike's favorite metrics and charts (ALPHA)

01:09:11 Preview of next week's episode on Circle



We hope you enjoy the episode!

---


Subscribe to The DeFi Report Newsletter: https://thedefireport.io/subscribe⁠


Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv...


Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠


Subscribe on Spotify: ⁠https://podcasters.spotify.com/pod/sh...


Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast...


Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/


Follow Oskari: https://www.linkedin.com/in/oskaritempakka/

In episode 2 of The Signal, Michael and Oskari discuss the current state of the liquid staking market on Solana.



Resouces:

1. The Liquid Staking Set-Up on Solana (And an analysis of Marinade Finance): https://thedefireport.io/research/the-liquid-staking-set-up-on-solana

2. Solana Liquid Staking (Revisiting the thesis): https://thedefireport.io/research/solana-liquid-staking-revisiting

Timestamps and topics covered:
00:00 Market update: Bitcoin halving and ETF flows
06:48 Solana's liquid staking landscape & comparing Ethereum and Solana staking dynamics
11:34 Marinade Finance: A case study in Solana's liquid staking market
15:24 Future projections and business model insights
20:42 Marinade vs. Jito
27:03 Exploring the potential of Sanctum: A new approach to liquid staking
36:20 The future of money and liquidity in DeFi

We hope you enjoy the episode!

--

Subscribe to The DeFi Report Newsletter: ⁠
https://thedefireport.io/subscribe⁠



Download a copy of The Ethereum Investment Framework:

https://thedefireport.io/ethereum-investment-framework

Subscribe on YouTube:
⁠https://bit.ly/3SeyyA8⁠

Subscribe on Spotify:
⁠https://podcasters.spotify.com/pod/sh...

Subscribe on Apple Podcasts:
⁠https://podcasts.apple.com/us/podcast...

Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/

Follow Oskari: https://www.linkedin.com/in/oskaritempakka/

In episode 1 of The Signal, Michael and Oskari share Ethereum's Q1 Earnings Results.



We recommend downloading a copy of the Q1 issue of The Ethereum Investment Framework to go along with this episode.



If you're interested, you can do so here:



Topics covered:



- Financial performance for the quarter (onchain profit)

- Operating performance (user growth and other KPIs)

- Growth of L2s (vs Ethereum L1)

- Ethereum "GDP"

- Market metrics

- DeFi metrics (TVL, ETH staked, trading volumes)

- Token Economics (ETH burned vs issued)

- EIP 4844

- Market Outlook



We hope you enjoy the episode!

--

Subscribe to The DeFi Report Newsletter: ⁠

https://thedefireport.io/subscribe⁠



Download a free copy of The Ethereum Investment Framework: ⁠

https://thedefireport.io/ethereum-investment-framework⁠



Subscribe on YouTube:

⁠https://bit.ly/3SeyyA8⁠



Subscribe on Spotify:

⁠https://podcasters.spotify.com/pod/show/thedefireport⁠



Subscribe on Apple Podcasts:

⁠https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936⁠



Follow Michael:

⁠https://www.linkedin.com/in/michael-austin-nadeau/⁠



Follow Oskari: 

⁠https://www.linkedin.com/in/oskaritempakka/⁠



Learn more about Artemis:

⁠https://www.artemis.xyz/⁠