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May 8, 2025 37 mins

In this first full episode of The Local, Tim and Marcus dig into what’s really happening in crypto right now — from regulatory shifts to market microstructure to the culture wars of the chain.

 

They cover:

  • Why US regulatory clarity (or lack of it) is such a critical driver for adoption

  • What makes ETFs the gateway for TradFi, and why that might not be a good thing

  • The rise of Hyperliquid and what it tells us about community, product delivery, and market timing

  • Whether the crypto space has lost its ideological roots, and why financialisation has overtaken idealism

  • Self-regulation vs real enforcement: does the new MM code of conduct mean anything?

 

Plus: some thoughts on why early crypto ideas (NFTs, tokenised assets, on-chain land registries) didn’t take off, and whether it’s all just a generational waiting game.

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