Bits + Bips: Why Tron’s IPO Matters & How Crypto Exchanges Will Win - Ep. 853

18/06/2025 1h 8min Episodio 853
Bits + Bips: Why Tron’s IPO Matters & How Crypto Exchanges Will Win - Ep. 853

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Episode Synopsis

In this week’s episode of Bits + Bips, the panel digs into why Tron’s rumored IPO is more than a headline, what Wall Street’s quiet shift into stablecoins signals, and how exchanges are racing to control token flow, even as regulation hangs in the balance.

They also explore:



What the Israel–Iran conflict means for global markets, oil prices, and crypto positioning




Whether banks can adopt stablecoins without threatening their own deposits




If regulatory clarity will come fast enough to shape the next crypto phase




How to tell if ETH’s revival has staying power




Sponsors:



Bitwise



Hosts:






Ram Ahluwalia, CFA, CEO and Founder of Lumida






Steve Ehrlich, Executive Editor at Unchained




Guests:



Christopher Perkins, President of CoinFund








Vishal Gupta, Cofounder and CEO of True Markets.




Links




Tron and Justin Sun



FT: Crypto group Tron to go public after US pauses probe into billionaire founder




Unchained: Eric Trump Claims No Public Involvement in Tron’s Nasdaq Entity




The Guardian: Crypto entrepreneur eats banana art he bought for $6.2m




Israel - Iran



WSJ: 





Israel Takes Control of Iran’s Skies—a Feat That Still Eludes Russia in Ukraine




How Israel’s Mossad Smuggled Drone Parts to Attack Iran From Within





Stablecoins and TradFi



Unchained: 





JPMorgan Files ‘JPMD’ Trademark, Hints at Bigger Crypto Offering




Coinbase and Amex Team Up on Bitcoin Card as Exchange Reveals Broad Expansion Plans





Bloomberg: Bessent Says $2 Trillion Reasonable for Dollar Stablecoin Market.




WSJ: Walmart and Amazon are considering launching U.S. dollar-pegged stablecoins 




Reuters: French Societe Generale became the first major bank to launch a dollar-pegged stablecoin




The Information: Financial markets giant DTCC is exploring a stablecoin, according to The Information




Regulation



Unchained: White House Rejects Ban on Conflicts of Interest in Crypto’s CLARITY Act






Timestamps:

🎬 0:00 Intro

📰 4:18 Why Tron’s potential IPO creates a dilemma for investors, and how Justin Sun’s Trump ties play into it

🛡️ 15:58 Should exchanges like Coinbase let investors trade whatever they want?

🏦 20:47 The reason why crypto treasury companies even exist

📊 25:59 What is driving the fierce competition among exchanges

💵 34:18 Can JPMorgan, Bank of America, and other TradFi giants succeed with stablecoins?

🤔 37:58 Will stablecoins cannibalize banks’ own deposit bases?

🌍 45:51 How the Iran–Israel conflict could shake macro markets and crypto sentiment

🚀 55:37 Why Ram and Chris are calling for an ETH breakout

📜 57:47 What are the risks if crypto regulation fails?


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