Delphi's Hivemind: ETFs, 4844, Solana L2s & Ethena

This episode covers topics such as ETF flows, GBTC selling, the long-term outlook for Bitcoin, the potential approval of an ETF, the buyers of Bitcoin, the conviction of investors, the timing of ETF approval, 4844 and base rollups, Drip and Solana L2s, and scalable rollups. In this conversation, the hosts discuss memes and meme dilution in the cryptocurrency market. They talk about the rapid rise of new memes and the potential challenges of investing in them. They also discuss the Athena project and its risks and benefits. The hosts touch on the impact of higher rates on DeFi and the potential consequences of integrating stablecoins into various platforms. They conclude with some closing remarks.

00:00 – Introduction

01:03 – ETF Flows

05:55 – Long-Term Outlook

07:20 – ETF Approval

08:20 – Buyers of Bitcoin

09:47 – Investor Conviction

13:07 – ETF Rejection

14:35 – ETH ETF and Maker Endgame

22:31 – 4844 and Base Rollups

29:35 – Drip and Solana L2s

34:18 – Scalable Rollups

35:10 – Memes and Meme Dilution

50:35 – Discussion on Athena

01:05:26 – Impact of Higher Rates on DeFi

01:10:41 – Closing Remarks