Onramp Bitcoin Media

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.

This week Liam, Brian, and Michael cover the latest developments in digital assets, DeFi, and macroeconomic trends. The hosts analyze recent events like tether freezes, DeFi exploits, and India's CBDC pilots, providing insights into the evolving landscape of digital finance.

Chapters
05:00 - The Role of Tether in Global Finance
08:10 - Decentralization vs Centralization in Crypto
11:01 - The Fragility of DeFi and Recent Exploits
17:20 - The Impact of AI on Employment
22:39 - Economic Conditions and Corporate Layoffs
31:28 - Digital Asset Roundup: Trends and Innovations
37:28 - The Role of Stablecoins in Transactions
43:09 - Integrating Bitcoin Payments in India
47:19 - AI Investments and the Future of Tech Funding
52:51 - Democratizing Access to Private Companies
58:43 - The Debate on Freezing Coins and Market Dynamics

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/

Originally aired on Joe Consorti's "Over the Horizon" podcast.

Watch the full episode on Joe's channel.

Michael Tanguma joins Joe Consorti to break down the launch of Onramp Finance, the macro setup heading into the next leg of Bitcoin's run, and why custody remains the most underappreciated risk in the entire digital asset stack. The conversation covers the institutional groundwork being laid across Wall Street, the case against digital credit products marketed to retail, and how AI plus Bitcoin are converging into the most asymmetric business opportunity of this cycle.

Over the Horizon: https://www.youtube.com/@JoinHorizon
Joe Consorti on X: https://x.com/JoeConsorti
Michael Tanguma on X: https://x.com/MTanguma
Onramp Finance: https://onrampbitcoin.com/finance

00:00 — What's behind the rally
04:17 — Institutional groundwork falling into place
11:31 — ETFs as the on-ramp to MIC
15:30 — Why custody is existential for Bitcoin
19:36 — How MIC works
24:47 — Announcing Onramp Finance
33:45 — Why everyone is converging on this architecture
44:44 — Stretch and the digital credit problem
53:26 — The custody question nobody asks about DATs
55:05 — AI, credit air pockets, and the Treasury market
1:06:08 — Bitcoin + AI as the asymmetric opportunity
1:12:19 — Closing thoughts

Topics Covered
The macro setup heading into the back half of 2026, including Morgan Stanley's MSBT launch, Charles Schwab opening Bitcoin trading, Goldman's premium income ETF as a trial balloon, the Iran conflict's impact on commodity settlement, and Hank Paulson's call for a Treasury demand backstop.
The Onramp Finance launch — a unified platform combining a cash-earning account paying up to 5%, the lowest-cost Bitcoin brokerage, an earn card with up to 1.5% rewards, IRAs, lending, and spot gold exposure through Argo with optional physical delivery from the Royal Canadian Mint. Built on Stripe-powered settlement infrastructure, with the Genesis founding cohort capped at 210 members.
Why multi-institution custody is the inevitable end state for serious Bitcoin holders, the limits of single-custodian ETF structures, and the case that DATs holding billions across three custodians without addressing custody-layer risk are building on a faulty premise.
A direct take on Stretch and the digital credit category — why retail-driven preferreds priced at marginal spreads over real inflation are not compensating holders for the risk being taken.
The convergence of Bitcoin and AI as the two defining technologies of the next decade, and why bootstrapped Bitcoin-denominated businesses leveraging AI tooling have the structural advantage over fiat-funded incumbents carrying bureaucratic overhead.

The Last Trade: Jackson, Michael, and Brian break down the launch of Onramp Finance, Admiral Paparo's bitcoin testimony before Congress, Kevin Warsh's Fed nomination, bitcoin outperforming as the king of safe-haven assets, BlackRock and Coinbase's influence, & why meeting the market where it's at matters.

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

👉 Onramp Finance: https://onrampbitcoin.com/finance
👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis
📩 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
Onramp Finance is live — a unified money platform combining bitcoin, dollars earning up to 5%, a spending card, and MIC as the long-term custody layer. The crew breaks down why this stands in stark contrast to Polymarket launching 24/7 perpetual futures the same day, and why meeting the market where it's at has been the north star. Meanwhile, a four-star Admiral just called bitcoin a "peer-to-peer, zero-trust, transfer of value system" before Congress, Kevin Warsh is walking into an impossible Fed situation, and BlackRock, Coinbase, and Anchorage want to insert themselves into bitcoin protocol development. The big boys think they're here to fix bitcoin.

🧠 Chapters
00:00 — A Big Week for Onramp
03:04 — Why We Built Onramp Finance
07:00 — The Private Banking Experience, Centered on Bitcoin
10:33 — Meeting the Market Where It's At
16:53 — Genesis Program: 210 Spots, Use Code TLT
21:04 — Admiral Paparo: "Bitcoin Is a Reality"
27:09 — Gold, Multipolarity & Geopolitical Nukes
34:17 — Bitcoin: King of Safe-Haven Assets
39:20 — Reducing Variables in a Chaotic World
43:36 — Warsh, Powell & the Fed's Impossible Position
50:28 — ETF Flows & European Banks Losing Customers
54:56 — OP_Next: BlackRock, Coinbase, Anchorage Want In
1:02:44 — Last Takes & Disclaimers

💡 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 - Big Announcement: Onramp Finance
03:55 - Bridging Bitcoin and Traditional Finance
10:14 - The Future of Financial Services
15:27 - Convergence of TradFi and Bitcoin Services
17:56 - Introducing the Genesis Program
28:05 - DeFi Hacks and Security Concerns
33:31 - The Security Landscape of AI and Blockchain
35:51 - Traditional Finance's Entry into Crypto
39:07 - Institutional Adoption and Market Sentiment
47:20 - Kraken's IPO Journey and Market Dynamics
58:24 - Innovations in Financial Services and User Experience

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/

Links Discussed:
https://onrampbitcoin.com/finance
https://x.com/Jeremybtc/status/2045588919362990431?s=20
https://x.com/waleswoosh/status/2046147450394890680?s=20
https://x.com/tatie_bree/status/2045972538606415992?s=20
https://bitcoinmagazine.com/news/kraken-reportedly-confirms-ipo-filing
https://blog.kraken.com/news/payward-acquires-bitnomial
https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Announces-Details-of-Spot-Crypto-Trading-Launch/default.aspx
https://www.theblock.co/post/397764/morgan-stanley-amy-oldenburg-crypto-daily-business-operations-across-firm?utm_source=telegram1&utm_medium=social
https://finance.yahoo.com/markets/crypto/articles/bitcoin-meets-income-goldman-sachs-013104679.html
https://tether.io/news/tether-launches-tether-wallet-the-peoples-wallet-extending-its-global-financial-infrastructure-directly-to-billions-of-users-left-behind-by-the-traditional-financial-system/
https://fortune.com/2026/04/14/anthropic-mythos-reveals-security-gap-ai-finds-flaws-far-faster-than-companies-can-patch-them/

In Episode 28 of The ₿roadcast, Bram Kanstein, Brian Cubellis, and Michael Tanguma break down the most important Bitcoin and macro developments from the past few weeks.

00:00 - Where Are the Bitcoin Servers Located?
10:38 - Goldman Joins the Bitcoin ETF Game
14:23 - Retail Is Driving This, Not Institutions
25:28 - The Centralization Problem Nobody Wants to Talk About
28:14 - Quantum Panic & BIP-361
36:00 - The Hard Fork Final Boss
43:35 - Bitcoin for Enemies: Iran & the Strait of Hormuz
55:00 - MIC Is How Oil Gets Paid For
56:00 - Anthropic, Intelligence & Energy-Backed Money
01:01:17 - Fiat Debasement Is Mathematically Assured
01:03:24 - The Supply Shock Conversation
01:07:30 - The 21M Cap Is Binary
01:12:06 - Is Destroying Civilization Upside or Downside Risk?
01:14:24 - Tether's Unified Wallet
01:17:06 - America's Forgotten War on Central Banks
01:22:10 - The Money Failed, Not the Democracy

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.