The Last Trade: Jackson, Michael, and Brian break down Morgan Stanley's Bitcoin ETF launch, the FDIC greenlighting the Genius Act, a Tennessee wrench attack ring hunting bitcoiners through DoorDash, Anthropic's Project Glasswing, and why bitcoin's 175% run during QT kills any bear argument.
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The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset… in the digital age, it's The Last Trade that investors will ever need to make.
🎙️ About This Episode
Morgan Stanley just launched its bitcoin ETF at 14bps, undercutting BlackRock and coming for a $10 trillion wealth platform — the most bullish signal of the cycle hiding in plain sight. The FDIC finally blessed Genius Act implementation, Jamie Dimon is warning JPM has to move faster on tokenization or get Blockbustered, and a Blockware chart shows bitcoin ran 175% during the most aggressive tightening cycle on record. A Tennessee crime ring got busted running wrench attacks through hacked DoorDash accounts, physical attacks on holders are up 75%, and Anthropic's Project Glasswing is exposing a new AI attack surface while the crypto world front-runs its own quantum existential crisis. Security that scales with the stakes has never mattered more.
🧠 Chapters
00:00 — Monitoring the Situation: Theater vs Substance
04:19 — Energy Shortages & COVID Parallels
07:09 — Cash, Gold, Bitcoin & the Optionality Portfolio
13:20 — Capital Flows East: Oil, Stablecoins & the Yuan Toll
23:25 — The Wall Street Wave: MSBT Goes Live
28:18 — Schwab, Cycles & Why Individuals Are Smart Money
37:30 — FDIC Blesses the Genius Act & Tokenization
42:45 — The Chart That Destroys the ZIRP Bitcoin Thesis
47:51 — The $40M DoorDash Wrench Attack Ring
55:12 — Project Glasswing, Mythos & the AI Attack Surface
1:01:15 — The Bridge From ETFs to Real Ownership
1:05:00 — Last Takes: Broken Money, Inflation & Security That Scales
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