Bitcoin doesn’t fix itself—people do. We explore why complacency has quietly become Bitcoin’s biggest threat and why human intervention, not blind faith, will determine its future. As we challenge the myth that Bitcoin behaves like nature—that if we “just wait,” it will evolve on its own. Instead, reveal how its human-made architecture depends on aligned incentives, maintenance, and active participation to survive. We trace the debate from store-of-value versus peer-to-peer cash toward the real issue: how to keep miners profitable, decentralization intact, and Bitcoin’s security budget sustainable. With shrinking miner revenues, developer centralization, and @Tether_to entry into mining, we ask whether institutional “decentralization” is really decentralization at all. The discussion dives into how the @natgmi token and Digital Matter Theory (DMT) introduce new incentive loops—meme to market cap to miner subsidy—that could strengthen Bitcoin’s economic design from the ground up. If Bitcoin’s problem is incentive-shaped, then the solution must be incentive-shaped too. We break down what Tether’s mining move means for the ecosystem, how $NAT’s loops realign the economics of security, and why this could mark the beginning of a new phase for Bitcoin—one where creators, miners, and markets finally work in sync. Watch until the end where we connect everything back to human coordination, digital matter, and the long-term alignment Bitcoin needs to survive. Topics: First up, exploring why complacency has quietly become Bitcoin’s biggest threat Next, tracing the debate from store-of-value versus peer-to-peer cash toward the real issue Then, diving into how the @natgmi token and Digital Matter Theory (DMT) introduce new incentive loops and Finally, breaking down what Tether’s mining move means for the ecosystem Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We unveil The 10 NATmandments — a structured framework for identifying projects with true 1000x potential. These aren’t memes or narratives; they’re principles that separate technological substance from market noise. The returning Memecoin Moses dissect each commandment in detail — from solving Bitcoin’s security budget crisis and addressing miner centralization, to exploring how Digital Matter Theory (DMT) introduces a new primitive that anchors digital value to non-arbitrary patterns in Bitcoin itself. They analyze historical parallels with Ethereum, DeFi, and NFTs, compare Lindy effects across ecosystems, and show how measurable network adoption, energy expenditure, and Reed’s Law still govern crypto’s biggest winners. The conversation culminates in a powerful discussion on human alignment, exploring how decentralization and miner incentives could push Bitcoin toward long-term sustainability—and even a Type I civilization. Topics: First up, the guys unveil The 10 NATmandments — a structured framework for identifying projects with true 1000x potential. Next, xploring how Digital Matter Theory (DMT) introduces a new primitive and Finally, analyzing historical parallels with Ethereum, DeFi, and NFTs, compare Lindy effects across ecosystems, and show how measurable network adoption, energy expenditure, and Reed’s Law still govern crypto’s biggest winners. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We break down @MustStopMurad's “17 Commandments” for identifying 100x coins and measure how @natgmi stacks up against each one. From the cult-like community around Digital Matter Theory to the mechanics behind Bitcoin’s slowing growth and the mining subsidy dilemma, this episode explores how NAT might represent the second chance at Bitcoin. We also discuss the return of “Memecoin Moses,” the psychology of speculative markets, and why aligning both sides of the brain—meme energy and fundamental innovation—might be the key to finding the next 1000x opportunity. Topics: Next, From the cult-like community around Digital Matter Theory to the mechanics behind Bitcoin’s slowing growth to the mining subsidy dilemma, this episode explores how NAT might represent the second chance in Bitcoin and Finally, discuss the return of “Memecoin Moses” Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

Today we get honest about the market’s headless-chicken phase—rapid mini-narratives, doom charts, and strategy tokens that can’t sustain themselves—and make the case for substance over hype. We break down why real primitives create year-long metas, revisit what made Ordinals and Pump meaningful, and explain how @natgmi/DMT differs by tying activity to Bitcoin’s security budget instead of short-lived speculation. We look at the collapse pattern in “NFT strategy” models, outline what a viable revenue flywheel would actually require, and discuss exporting Bitcoin-derived signals into developer-friendly environments while directing value back to miners. If you’re a miner or developer evaluating where to spend time, this episode lays out why NAT has persisted while other ordinal-era assets faded, what “substance” really means in product terms, and how builders can participate in the next phase. Share your take in the comments, DM us, and join the Telegram to plug into the creator call we’re planning. Thanks for watching—see you in the next podcast. Topics: First up, we get honest about the market’s headless-chicken phase—rapid mini-narratives, doom charts, and strategy tokens that can’t sustain themselves Next, break down why real primitives create year-long metas, revisit what made Ordinals and Pump meaningful and Finally, look at the collapse pattern in “NFT strategy” models, and discuss exporting Bitcoin-derived signals into developer-friendly environments Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We connect the macro to the miner. Gold at highs, BRICS hedging, and the sudden flood of stablecoin rails from Big Tech and fintech aren’t random—together they outline how the U.S. could accumulate Bitcoin through balance-sheet proxies (think corporate treasuries and miners) instead of a headline-grabbing “sell gold, buy BTC.” If Bitcoin is the new reserve asset, its long-run security budget can’t rely on price doubling forever or on “fees will save us.” We dig into why miners keep going bankrupt post-halvings, how AI is siphoning racks and power, what a policy path of subsidies for home nodes/miners might look like, and why that still isn’t enough to keep Bitcoin credibly neutral. Enter NAT: a parallel, market-driven subsidy that pays miners without touching 21M—designed to counter deflationary hardware trends and reduce centralization pressure. We cover who would actually buy NAT (and why we want miners to sell it), the “strategic reserve via companies” thesis, and how this all fits the next 100 years of dollar rails, stablecoins, and energy. If you’re a miner, dev, or serious Bitcoiner who cares about durability over vibes, this one’s for you. Nothing here is financial advice. Topics:  First up, We connect the macro to the miner. Gold at highs, BRICS hedging, and the sudden flood of stablecoin rails from Big Tech and fintech aren’t random Next, If Bitcoin is the new reserve asset, its long-run security budget can’t rely on price doubling forever or on “fees will save us.” and Finally, covering who would actually buy NAT (and why we want miners to sell it) Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

DMT isn't just a meme; it might be the only way to uncover the hidden architecture of Bitcoin. We explore how pattern-driven token issuance, like NAT, could become the foundation for a more secure and decentralized mining future. If you're still laughing at 69s in block headers, you're missing the bigger threat: a Bitcoin security collapse that ends in miner centralization or state capture. We lay out the geopolitical stakes, the infrastructure behind DMT, and why NAT might not just be a token but the thing that keeps Bitcoin from becoming the next dollar. Topics: First up, DMT isn't just a meme; it might be the only way to uncover the hidden architecture of Bitcoin. Next, exploring how pattern-driven token issuance, like NAT, could become the foundation for a more secure and decentralized mining future. and Finally, laying out the geopolitical stakes, the infrastructure behind DMT, and why NAT might not just be a token but the thing that keeps Bitcoin from becoming the next dollar. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We continue unpacking the NATpaper with Part 2 — diving deep into why $NAT has evolved from a novel idea to a structural necessity for Bitcoin’s long-term sustainability. With @SpiderPool_com, one of Bitcoin's largest mining pools, officially integrating @natgmi rewards, we're witnessing the early stages of an alternate security model being adopted at scale. We explore the fundamental question: can Bitcoin survive as a global monetary system without rethinking its incentive structure? From dissecting Michael Saylor’s shifting perspective to drawing parallels between @blockbuster collapse and Bitcoin’s resistance to innovation, we lay out the full picture of what’s at stake. This isn't just about NAT anymore — it's about whether Bitcoin remains decentralized or becomes a Ponzi for sovereign nations. We explain how NAT enables a second subsidy, how it ties directly to miner activity via the bits field, and why DMT opens the door to Bitcoin-aligned utility across other chains. If you’re a miner, developer, or policymaker — this is your blueprint for how Bitcoin can evolve without compromising its core ethos. This is NATstoppable. Let's build forward. Topics: First up, Spiderpool becomes the first major Bitcoin miner to integrate NAT rewards, signaling real adoption of a second subsidy. Next, the team breaks down the deeper implications of this move — questioning Bitcoin’s long-term sustainability and the flawed assumption that price alone will secure the network. Then, revisiting Michael Saylor’s evolving stance on protocol changes and contrast it with the Knots vs Core debate, raising the alarm on complacency in Bitcoin. And finally, outlining how NAT and DMT unlock a minimally invasive model for decentralized apps to return value to Bitcoin—without parasitically draining it. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

Is Bitcoin’s security future-proof? We dive deep into why Bitcoin’s long-term survival hinges on increasing its cost of attack—and how $NAT may be the missing piece. We explore the uncomfortable truth: Bitcoin isn’t being used as peer-to-peer cash, and the current fee model may not be enough to sustain its security past 2140. We challenge core assumptions about BTC’s future, question the infinite doubling thesis, and unpack how @natgmi aims to subsidize miners, increase decentralization, and reinforce Bitcoin’s cost of attack without altering its monetary policy. From trillion-dollar hypotheticals to hardware realities, this is part 1 of our breakdown of the NATpaper. Topics: First up, they explore why Bitcoin’s value doesn’t come from its market cap, but rather its cost of attack — and how that defines its long-term viability. Next, they break down why Bitcoin alone may not be able to sustain its own security budget forever, especially as mining rewards approach zero by 2140. Then, they introduce the NAT token as a potential solution — not just a subsidy, but a parallel system to reinforce Bitcoin’s decentralization and resilience. And finally, they take on critics like Adam Back and lay the foundation for NAT’s origin, design, and why it may be the most important innovation since Bitcoin itself. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord  

Topics: First up, revisit Bitcoin DeFi through the lens of this cycle’s emerging “industry cook”: digital-asset treasury companies. Next, Do we really need native Bitcoin primitives, or will off-chain/custodial routes—UTXO time-locks and loan products be enough to make BTC productive? and Finally, we pressure-test trench metas like Pokémon “phygital” and map where the music could stop. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

Topics: First up, Bitcoin might be hitting new highs—but under the surface, its economic engine is breaking. Next, ive deep into the looming security budget crisis threatening Bitcoin’s future and Finally, why Digital Matter Theory and the NAT token could be the lifeline that get bitcoin secured Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We take a hard look at the current state of crypto and why so much of it feels broken. From scam tokens and insider trading to fake engagement and deceptive marketing, the noise makes it nearly impossible to separate real projects from the endless stream of grifts. We share our own experience with $NAT, a project built to solve real problems but held back by industry “standards” like inflated social metrics and bought followers—tactics we refuse to use. This puts us at a crossroads: do we play the dirty game to gain traction, or stick to a cypherpunk ethos of organic growth and community-first building? In this episode, we wrestle with that tension and argue for a shift toward substance, sustainability, and real community-driven initiatives—drawing inspiration from how companies like Apple built enduring value over decades, not hype cycles. Topics: First up, look at the current state of crypto and why so much of it feels broken. Next, From scam tokens and insider trading to fake engagement and deceptive marketing, the noise makes it nearly impossible to separate real projects from the endless stream of grifts. and Finally, we wrestle with that tension on real community-driven initiatives Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We take a high-level look at where the next major opportunities in crypto may emerge, connecting developments in $NAT with broader market narratives. We begin with a deep dive into $NAT’s latest progress and why its evolving role as a Bitcoin-native secondary subsidy could address long-term network sustainability—placing it in the same early-stage category as other innovations once dismissed before gaining mainstream adoption. We then shift to the surging ZORA ecosystem, now nearing a $500M market cap, and examine its structural parallels to earlier BASE projects like Virtuals. This leads us to $DOCKER—a $3M market cap asset designed to capture ecosystem upside through buyback-driven flywheels—mirroring the path that propelled $VADER to $100M+. By unpacking the economic models, token mechanics, and adoption curves at play, we highlight why these assets may offer asymmetric potential in the current market. Whether your interest lies in Bitcoin’s evolving economic design or identifying high-conviction bets before they go mainstream, this discussion distills the signals from the noise to give you a clear strategic edge. Topics: First up, look at where the next major opportunities in crypto may emerge, connecting developments in $NAT with broader market narratives. Next, shift to the surging ZORA ecosystem, now nearing a $500M market cap, and examine its structural parallels to earlier BASE projects like Virtuals. and Finally, unpacking the economic models, token mechanics, and adoption curves at play Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

The hash power wars are heating up—and $NAT might just become Bitcoin’s first trillion-dollar commodity. We break down why the SEC’s surprising crypto-friendly shift could supercharge Ethereum treasuries, why Trump is suddenly shilling Bitcoin, and how hash power economics could redefine BTC’s value layer. We dive into how $NAT aligns with Bitcoin’s long-term security budget, why ETH treasuries are a multi-year asymmetric bet, Michael Saylor’s unfair advantage and what ETH projects must learn, the real implications of stablecoin dominance and global adoption, and the macro triggers like rate cuts, unemployment, and the next BTC all-time high. If you’re here for memes, market structure, and the kind of alpha you can’t get from CNBC, you’re in the right place. Topics: First up, $NAT might just become Bitcoin’s first trillion-dollar commodity Next, break down why the SEC’s surprising crypto-friendly shift could supercharge Ethereum treasuries. and Finally, dive into the macro triggers like rate cuts, unemployment, and the next BTC all-time high Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

Bitcoin’s second-largest mining pool, Antpool, just made a move that could fundamentally reshape crypto’s economic layer—validating $NAT by selling its miner-distributed holdings on open markets. This signals a shift from memecoin speculation toward memecoins with embedded utility, narrative strength, and real alignment with core blockchain incentives. We analyze how $NAT may evolve into a new subsidy mechanism for Bitcoin miners, and why its structure mirrors the earliest stages of now-massive crypto assets. We also explore how memecoins like PENGU are bridging brand equity with speculative upside, creating a blueprint for the next meta. At the same time, we examine one of the most bizarre yet increasingly discussed topics in government disclosure: the claim that humanity may be on a countdown to contact—with 2027 cited again and again. This isn’t just another market update—it’s a map of where the real narratives are forming, and what they could mean for capital, culture, and crypto’s next major wave. Topics: First up, Bitcoin’s second-largest mining pool, Antpool, just made a move that could fundamentally reshape crypto’s economic layer Next, explore how memecoins like PENGU are bridging brand equity, creating a blueprint for the next meta. and Finally, examine one of the most bizarre yet increasingly discussed topics in government disclosure Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

In this week’s episode of TBR, we unpack the escalating drama in Congress and how it’s slowing momentum for key crypto legislation like the FIT and Clarity Acts. As political distractions dominate headlines, critical regulatory progress is being delayed—impacting everything from stablecoin frameworks to broader market legitimacy. We also break down what the latest developments in the Epstein files mean for public sentiment and institutional transparency, and why it's becoming harder to separate conspiracy from reality in the age of digital narratives. Meanwhile, memecoin markets are still hot, with BONK and PUMP trading volumes staying high and brands like Pudgy Penguins pushing narratives forward. As traditional systems stall, onchain innovation continues to evolve. Plus: updates on $NAT trading migration, HyperMall growth, and the ongoing shift in creator-led token infrastructure Topics: First up, unpack the escalating drama in Congress and how it’s slowing momentum for key crypto legislation, like the FIT and Clarity Acts. Next, break down what the latest developments in the Epstein files mean for public sentiment and institutional transparency and Finally, memecoin markets are still hot, with BONK and PUMP trading volumes staying high and brands like Pudgy Penguins pushing narratives forward Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We analyze the shifting dynamics of the crypto market as speculation ramps up ahead of major catalysts. We discuss the implications of pump.fun $10B+ ICO and whether meme coin infrastructure is entering a more mature, investable phase. We also explore the rise of alternative launchpads and flywheel-driven token economies that may challenge Pump's dominance. Bitcoin price models are back in focus, with some forecasting a potential cycle top of $444K from Fred Krueger. We unpack what it would take for that thesis to materialize and whether current macro conditions support it. Additionally, we examine the growing crypto-native streaming space and the risks it may face as regulatory pressure catches up. The conversation rounds out with a deeper look at metaprotocols and the role they’ll play in preserving value as market narratives evolve. As always, our goal is to navigate through both sentiment and signal to help you stay one cycle ahead. Topics: First up, We discuss the implications of pump.fun $10B+ ICO and whether meme coin infrastructure is entering a more mature, investable phase Next, explore the rise of alternative launchpads and flywheel-driven token economies that may challenge Pump's dominance and Finally, examine the growing crypto-native streaming space and the risks it may face as regulatory pressure catches up. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

We discuss the accelerating alignment between on-chain speculation and emerging metaprotocol infrastructure. While retail attention is fixated on stock-themed tokens and high-velocity meme cycles, a deeper value shift is underway—one that positions Bitcoin as the backbone of a new digital asset paradigm. We examine the $DOG resurgence through the lens of social consensus and market memory, and consider how a third breakout to a billion-dollar cap may reflect more than just memetic power—it may signal a renewed appetite for assets grounded in Bitcoin's architecture. At the same time, NAT continues to gain momentum in the DMT metaprotocol space, offering a glimpse into the mechanics of protocol-layer differentiation in a multichain world. As markets oscillate between distraction and discovery, we explore what it means for value to become infinite, how metaprotocols can evolve beyond speculation, and why most observers are missing the biggest story unfolding in plain sight. Topics: First up, We discuss the accelerating alignment between on-chain speculation and emerging metaprotocol infrastructure. Next, examining the $DOG resurgence through the lens of social consensus and market memory and Finally, we explore what it means for value to become infinite, how metaprotocols can evolve beyond speculation, and why most observers are missing the biggest story unfolding in plain sight. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Tele

We analyze key macroeconomic trends currently shaping market sentiment and influencing the price of Bitcoin, and we connect these broader forces to the growing movement of companies adopting Bitcoin as a treasury asset. A unique alignment of macro conditions—rising inflation concerns, weakening fiat credibility, and increased investor appetite for alternative stores of value—is creating a compelling case for struggling companies to pivot toward Bitcoin as a strategic hedge. In this discussion, we explore the potential ripple effects of this trend, including how it might play out if widely adopted. Could the entry of well-known, high-profile stocks—such as GameStop—into the Bitcoin treasury space spark a wave of speculative enthusiasm among retail investors? And if so, could that enthusiasm push the sector into full-blown bubble territory? We also examine how such a scenario could impact broader crypto markets and what it might ultimately mean for on-chain value. If this trend accelerates, we could be witnessing the early stages of a feedback loop between corporate adoption, market speculation, and Bitcoin’s long-term valuation. Topics: First up, We analyze key macroeconomic trends currently shaping market sentiment and influencing the price of Bitcoin. Next, A unique alignment of macro conditions, rising inflation concerns, weakening fiat credibility, and increased investor appetite for alternative stores of value. and Finally, examine how such a scenario could impact broader crypto markets and what it might ultimately mean for on-chain value. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

Topics: First up, exploring the rise of Riot Culture, a movement powered by fast-building, “vibe coding,” AI agents, and meme-driven experimentation Next, diving into how platforms like @virtuals_io, Doppler, and others are accelerating this new creative economy. and Finally, why capital is now tied directly to culture, and how the Internet Capital Market thesis is maturing in real time. Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord

Pump.fun just announced plans to raise $1 billion at a $4 billion valuation through an upcoming ICO—news that’s sent ripples through the crypto world. Is this another massive value extraction scheme, or a pivotal growth moment for crypto’s next breakout unicorn? In this episode, we unpack our initial skepticism and how our perspective has shifted. We explore why Pump.fun may actually be catalyzing a broader inflection point in on-chain market design, bringing new energy and viability for creators and users alike. We break down how its model resembles a modern form of market making—one with the potential to revive crypto activity across all levels, in a way we haven’t seen since the 2021 bull run. We also touch on breaking news from Yuga Labs, which is dissolving the Ape DAO—the governing body behind Bored Ape IP, ApeChain, and Otherside. Is this the final nail in the coffin for DAOs as a sustainable model for web3 governance? Tune in for our thoughts. Topics: First up, Pump.fun just announced plans to raise $1 billion at a $4 billion valuation through an upcoming ICO. Another massive value extraction scheme, or a pivotal growth moment for crypto?   Next, exploring why Pump.fun may actually be catalyzing a broader inflection point in on-chain market design   and Finally, breaking news from Yuga Labs. Is this the final nail in the coffin for DAOs as a sustainable model Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Telegram: bit.ly/TBR-Telegram Discord: bit.ly/TBR-Discord