Onramp Bitcoin Media

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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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

👉 Inheritance Planning: https://onrampbitcoin.com/products/inheritance
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👉 Institutional: https://onrampbitcoin.com/products/institutional
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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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High-signal insights in bitcoin, macro, and custody.
📩 https://onrampbitcoin.com/research

Subscribe to Onramp Media for more:
🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…
Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

Chapters
00:00 - Introduction and New Beginnings
01:27 - The Drift Hack: A New Era of Crypto Exploits
08:02 - Real-World Implications of Digital Security
14:25 - The Intersection of Digital Assets and Banking
19:56 - Challenges in Custody and Perception of Digital Assets
24:46 - Quantum Concerns and Institutional Hesitance
29:02 - Understanding Qubits and Quantum Computing
30:41 - The Perception of Bitcoin and Quantum Threats
31:36 - Cross-Border Money Movement Innovations
35:01- The Acquisition of TBPN by OpenAI
45:44 - Bitcoin-Backed Municipal Bonds in New Hampshire
47:49 - Paradigm's Entry into Prediction Markets
49:44 - AI's Impact on Corporate Structures and Layoffs

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Keep up with Michael:
https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/
Keep up with Liam:
https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/
Keep up with Brian:
https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

In Episode 27 of The ₿roadcast, Bram Kanstein, Brian Cubellis, and Michael Tanguma break down the most important Bitcoin and macro developments from the past few weeks.

0:00 — Quantum Panic or Quantum Grift?
4:28 — Follow the Incentives
9:34 — Bitcoin Will Adapt
12:45 — Settlement in a Fractured World
15:30 — Buffett Finally Tells the Truth
24:07 — Diamonds Are Dying
27:18 — Gold vs. Bitcoin Gets Heated
33:45 — Defend Your Zero Allocation
37:35 — OpenAI's Valuation Problem
40:40 — Just Do Things
45:57 — AI Is Curing Cancer
51:20 — Closing Thoughts

The ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET.

The Last Trade: Jackson, Michael, and Brian break down the Google quantum whitepaper hype, the Strait of Hormuz crisis going binary, Oracle's 30,000-person layoff wave, Warren Buffett calling for 0% inflation, and why ground beef at $7 a pound tells you everything the CPI won't.

---
🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

👉 Inheritance Planning: https://onrampbitcoin.com/products/inheritance
👉 Dynasty Trusts: https://onrampbitcoin.com/products/dynasty-trusts
👉 Institutional: https://onrampbitcoin.com/products/institutional
📩 Schedule a consultation: https://onrampbitcoin.com/consult

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
Google's quantum AI lab dropped a new paper and the panic merchants are back on schedule. The crew separates the theoretical from the existential, flags the incentive structures behind the loudest voices, and explains why bitcoin's conservative development ethos is a feature, not a bug. From there, the conversation shifts to the Strait of Hormuz and the JP Morgan supply map showing US deliverables running dry by mid-April. Oracle cuts 30,000 employees in a single morning email and the stock rallies. Six of the Mag Seven are already in bear markets while the index pretends everything is fine. And then Warren Buffett says what bitcoiners have been saying for years: the Fed's inflation target should be zero. Ground beef is up nearly 100% since 2019. The compounding works both ways.

🧠 Chapters
00:00 — Google Quantum Whitepaper Breakdown
06:08 — Soft Forks, Migration Paths & Why Haste Is Risk
07:29 — Incentives & the Conflict of Interest Question
13:30 — Hormuz: Binary Outcome, Global Consequences
15:36 — JP Morgan Supply Map & the April 15th Cliff
19:29 — COVID Parallels & the Coordination Pattern
23:15 — Market Signals & Trump's Shifting Timeline
26:09 — Abundance Ending, Counterparty Risk Rising
28:18 — CNBC Turmoil Indicator: 40% Average Return
31:05 — Oracle Lays Off 30,000: AI Cover or ZIRP Hangover
36:42 — Mag Seven Bear Markets: Signal or Noise
41:44 — Warren Buffett Says 0% Inflation Target
46:49 — Ground Beef at $7: The Real CPI
50:50 — Coinbase Gambling vs. Wealth Preservation
54:33 — Golf Courses vs. Data Centers & Last Takes

💡 Subscribe & Stay Ahead

Get Onramp’s weekly Research & Analysis:
High-signal insights in bitcoin, macro, and custody.
📩 https://onrampbitcoin.com/research

Subscribe to Onramp Media for more:
🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…
Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

Chapters
00:00 - Morgan Stanley Enters the Bitcoin ETF Race
09:53 - The Implications of Morgan Stanley's Strategy
21:23 - Coinbase's Bitcoin-Backed Mortgages
28:59 - Stablecoin Clarity Act and Market Dynamics
32:51 - The Future of Banking in Crypto
34:08 - Market Dynamics and IPO Insights
38:02 - Legal Challenges in the Crypto Space
42:30 - The Evolution of Bitcoin as a Treasury Asset
45:52 - AI's Impact on the Financial Sector
50:43 - Square's Bitcoin Payment Innovations
54:14 - Tether's Audit and Market Trust
56:44 - The Role of AI in Business Growth
01:00:31 - Long-Term Thinking in a Short-Term Market

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Keep up with Michael:
https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/
Keep up with Liam:
https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/
Keep up with Brian:
https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/