Timestamps:

(00:00) Introduction 

(00:44) Why Are Markets So Bearish?

(11:55) Ads (Skale & ZKSync)

(13:41) Sandwich Attacks

(20:06) MGX Invests $2 Billion Into Binance

(26:17) Ads (Skale & ZKSync)

(28:03) Crypto's 2024/25 Cycle

(37:02) Ads (Ledger, Mantle, Arweave)

(39:28) How To Value Protocols?

(50:41) The State Of VC In 2025