Coffee with Captain: Crypto Markets, Products and Builders

Exchange plumbing and market-maker behavior set the tone, starting with how a Binance API outage left market makers sidelined and amplified liquidations. The conversation then moved to stablecoin rails and why USDC can briefly depeg in liquidity pools even when Circle’s backing is redeemable. From there, they zoomed out to how CEX flows and the push into perps, including Coinbase, change the risk surface and competitive landscape. Loki joined for a Friday NFT pulse check, using Doopies as a read on sentiment and what “still sells” versus what feels purely extractive, with quick touches on broader digital collectibles ecosystem chatter. They closed on regulatory clarity and why a cleaner framework could be a real catalyst, even if it does not fix the market overnight.Subscribe:Coffee with Captain Newsletter: https://coffeewithcaptain.beehiiv.com/YouTube: https://www.youtube.com/@coffeewithcaptainshowFollow on X:Captain Zwingli: https://x.com/ChrisJourdanThis podcast is for entertainment purposes only. None of the information shared on this podcast is meant to be taken as financial advice. Chris and guest speakers may hold tokens discussedCheck Out:The Everything Token: A Book on Web3 and NFTs

Hyperliquid stayed at the center of the conversation as the crew unpacked $HYPE sell pressure, the Assistance Fund, and why the burn narrative matters for how people are valuing the product today. That rolled straight into the bigger distribution question: Coinbase pushing deeper into PERPs and what that means for the “everything app” race versus crypto-native venues like Hyperliquid. A quick policy detour on stablecoins and banking incentives set up why “rails” and regulation can be just as market-moving as new features. Andrew (CEO) and Blake (CMO) from Claynosaurz and HEEBOO then joined to talk consumer IP building and what it takes to make collectibles feel mainstream, not just crypto-native. The back end closed on ApeCoin and ApeChain around ComplexCon-style onboarding, plus a brief reminder that platform design and creator framing still matter when real people take real risk.Special Guests:Andrew - CEO of Claynosaurz & HEEBOO: https://x.com/AndrewsaurPBlake - CMO of Claynosaurz & HEEBOO: https://x.com/smokemonsterLASubscribe:Coffee with Captain Newsletter: https://coffeewithcaptain.beehiiv.com/YouTube: https://www.youtube.com/@coffeewithcaptainshowFollow on X:Captain Zwingli: https://x.com/ChrisJourdanThis podcast is for entertainment purposes only. None of the information shared on this podcast is meant to be taken as financial advice. Chris and guest speakers may hold tokens discussedCheck Out:The Everything Token: A Book on Web3 and NFTs

A choppy market set the tone as Cap unpacked sharp intraday moves in $ETH and the broader “whale war games” feel behind sudden wick-downs and snap-backs. The conversation zoomed out into year-end mechanics like tax loss harvesting, how crypto differs from equities around wash sale rules, and why ETF-era flows have changed the market’s texture. On the NFT side, the most actionable segment centered on CryptoPunks loans sitting underwater and how leverage can quietly turn into forced selling pressure if liquidations cascade. Cap also previewed ongoing show ops improvements and the bigger positioning shift toward “markets, products, builders,” before closing with quick hits around Pudgy Penguins rewards and $PENGU chatter.Subscribe:Coffee with Captain Newsletter: https://coffeewithcaptain.beehiiv.com/YouTube: https://www.youtube.com/@coffeewithcaptainshowFollow on X:Captain Zwingli: https://x.com/ChrisJourdanThis podcast is for entertainment purposes only. None of the information shared on this podcast is meant to be taken as financial advice. Chris and guest speakers may hold tokens discussedCheck Out:The Everything Token: A Book on Web3 and NFTs

The conversation centered on why storytelling is still the biggest moat for crypto brands and how creators can build a repeatable narrative engine through better writing, reading, and systems. Outer Lumen joined as a cohost as the crew mapped the gap between “attention” and “trust,” and what it takes to communicate clearly in a noisy market. They dug into OpenSea’s Treasure Chest and incentive waves, focusing on how different user types react and why reward design can backfire when expectations are mis-set. The show also touched Pump.fun’s legal situation and the optics around Solana Breakpoint headlines. It closed with a long, practical breakdown of Web3 merch and real-world perks, arguing that premium physical execution and meaningful access are what turn digital collectibles into something people actually want to hold.Subscribe:Coffee with Captain Newsletter: https://coffeewithcaptain.beehiiv.com/YouTube: https://www.youtube.com/@coffeewithcaptainshowFollow on X:Captain Zwingli: https://x.com/ChrisJourdanThis podcast is for entertainment purposes only. None of the information shared on this podcast is meant to be taken as financial advice. Chris and guest speakers may hold tokens discussedCheck Out:The Everything Token: A Book on Web3 and NFTs

Bitcoin and NFT markets set a quick backdrop as the crew checked floors and recent brand moments like Pudgy Penguins’ Sphere spotlight. The core of the episode focused on a poll about what will bring the next five million people into digital collectibles, with a clear takeaway that “cheaper floor price” is not the unlock. Instead, they argued adoption will come from perks, access, and real utility that makes ownership feel rewarding, especially for long-term supporters. The conversation broadened into incentive design, warning that points, multipliers, and fee discounts can drive noisy behavior if they are not tied to genuine participation and distribution.Subscribe to the Coffee with Captain Newsletter: https://coffeewithcaptain.beehiiv.com/Subscribe on YouTube: https://www.youtube.com/@coffeewithcaptainshowFollow on X:Captain Zwingli: https://x.com/ChrisJourdanThis podcast is for entertainment purposes only. None of the information shared on this podcast is meant to be taken as financial advice. Chris and guest speakers may hold tokens discussedCheck Out:The Everything Token: A Book on Web3 and NFTs