Video Description
The crew debates whether Saylor's STRC preferred shares are "Luna for suits," unpacks the ETH Labs spin-out and Ethereum Foundation layoffs, breaks down the CME's lawsuit against the CFTC to kill domestic perps, and weighs whether Meta's leaked prediction market Arena is a real threat to Polymarket.
Show highlights
🔹 Saylor's STRC preferred shares break below $100 target — Tarun calls it "Luna for suits"
🔹 Haseeb pushes back: no death spiral, no margin calls — Saylor can defer dividends and "burn the boat"
🔹 Tom reveals Strategy execs are cold-calling crypto funds to sell them STRC — "very Luna"
🔹 ETH Labs spins out with 7 senior EF members as the Foundation lays off ~20% of headcount
🔹 CME sues CFTC to block domestic perps — Haseeb: "suing for the right to not compete"
🔹 Haseeb...
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