Forum
OPRR
Finance
Specials
On-chain Eco
Entry
Podcasts
Activities
In this episode of Forward Guidance, Vishal Gupta—former head of USDC at Circle and Coinbase Exchange—joins to discuss his journey from Goldman Sachs to building crypto-native market infrastructure with his new venture, True Markets. He shares how stablecoins are reshaping market plumbing, the growing relevance of perpetual futures vs. options, and what traditional finance can learn from crypto (and vice versa). Enjoy!
__
Follow Vishal: https://x.com/vishalkgupta
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
—
Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv
__
Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER device today and protect your assets with top-tier security technology. Buy now on https://Ledger.com.
—
Timestamps:
(00:00) Introduction
(01:07) Vishal’s History
(07:06) Most Interesting Crypto Innovations
(10:29) Ledger Ad
(11:21) Stablecoin Adoption & Fragmentation
(20:36) Evolution of Crypto Options & Exchanges
(27:15) Ledger Ad
(28:07) Bringing Exotic Assets Onchain
(30:37) Innovating Market Infrastructure
(37:14) Permissionless IV
__
Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
In this live Roundup episode from the Monetarium 2 conference in DC, we unpack the Fed's hawkish pivot, the growing risk of stagflation, and Powell’s apparent commitment to being “late” with rate cuts. We debate what an SLR exemption means for bond markets, how Treasury issuance and TGA refills could spike yields, and why 2026’s Fed chair pick could upend everything. We also explore global capital flows, the decline of US dollar dominance, and how to navigate a world where almost every asset feels dangerous to own. Enjoy!
—
Follow Joseph: https://x.com/FedGuy12
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
—
Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv
—
Echo Protocol is the first Bitcoin liquid re-staking and yield layer on MoveVM. As the second-largest protocol on Aptos by TVL, Echo secures nearly half of the network’s bridged assets with ~$270M in aBTC minted. https://www.echo-protocol.xyz/
—
Timestamps:
(00:00) Introduction
(02:00) FOMC Decision
(09:06) Aptos Ad
(09:50) FOMC Decision
(13:09) Noisy Economic Data
(14:14) SLR Changes
(18:43) TGA Drain & Buildup
(24:50) Long Bond Yields
(25:28) Aptos Ad
(26:21) Long Bond Yields
(29:11) Powell Replacement
(34:38) Fiscal Dominance
(39:58) US Assets vs ROW
(46:12) Dollar Losing Reserve Status?
(51:17) Where to Put Your Money
—
Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
