Podcast: Consequences Of DeFi’s $320M Hack | Weekly Roundup

Jason Yanowitz and Santiago Roel Santos talk about the latest in crypto news, from explaining the Wormhole hack to analyzing DAOs

by Brianna Beckford /
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In the latest episode of “Empire,” Weekly Roundup, Blockworks’ Jason Yanowitz and Santiago Roel Santos cover the Ethereum hack on Wormhole and MakerDAO’s governance proposal. They also dig into why everyone is misunderstanding the importance of DAOs (hint: it has nothing to do with governance).

Jason and Santiago also talk about:

  • ConsenSys’ MyCrypto acquisition
  • Metaverse’s freedom of expression
  • Pushback to MakerDAO’s governance proposal
  • and so much more

Check out what they had to say in the video below. 👇

About the show

“Empire” is a twice-a-week show. On Thursdays, Jason interviews crypto industry movers and shakers to talk about their struggles, bold moves and tough decisions. Friday’s weekly roundup episodes feature co-host Santiago Roel Santos and cover the top news from the past week.

For any NPR or Guy Raz fans out there, you can think of “Empire” as a “How I Built This” for the bitcoin and crypto industry.

Subscribe to “Empire” today on Apple or Spotify. Watch episodes on YouTube.


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


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Compute demand is two-sided, the precondition for any hedging market. Producers (neoclouds and independent data centers) fear their inventory clears below cost. Consumers (inference platforms and the agentic application layer) fear compute will get more expensive. The common read holds that nonfungibility keeps both off any general exchange, since a buyer wants a named SKU in a named region rather than a basket, so the trade stays bilateral and the only exchange users are dealers hedging their book. That describes launch conditions, but understates how commodity markets form. Canonical benchmarks get made through trading, and reservations standardize as the curve deepens. The dealer-intermediated structure is not the end state, it is the seed of one.

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