by The Block
The Big Brain Podcast features conversations with crypto's most influential thinkers, builders, and traders. Co-hosted by The Block CEO Larry Cermak and MegaETH CSO Namik Muduroglu, these interviews challenge ideas, dig into mental models, and push guests beyond the headlines. This show isn't about predicting the future of crypto—it’s about spotlighting the big brains shaping it.
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Publishing Since
5/20/2025
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April 22, 2026
<p>In episode 11 of The Big Brain Podcast, Larry and Namik are joined by Zaheer Ebtikar, Chief Strategy Officer at Plasma. Zaheer explains why stablecoins are the most important use case in crypto, the need for simplified user experiences, and why verticalized chains may outperform general-purpose blockchains. </p><p>The conversation also covers token design, institutional adoption, and how the industry is evolving toward real utility over speculation.</p><p>OUTLINE<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8">00:00</a> Introduction<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=78s">01:18</a> Plasma Pivot<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=608s">10:08</a> Verticalization Thesis<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=991s">16:31</a> Plasma USP<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=1170s">19:30</a> Whop Announcement<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=1280s">21:20</a> Token Value Accrual<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=1720s">28:40</a> Token Transparency<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=1908s">31:48</a> Role of Community<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=2130s">35:30</a> ETH vs. SOL<br><a href="https://www.youtube.com/watch?v=5WRQnAXVDc8&t=2640s">44:00</a> Market Outlook</p><p>Guest links:<br>Zaheer Ebtikar - <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbms0S1ZDNFZtWWhaOWZDbFhiZFpkeXIydFFLQXxBQ3Jtc0trQ3JiVUEwVmtqZjJlNWNJdjhuZ2Y3VlhFT0V5Zy0zV2g5WDZrQmhfMGpUdDUxNWx2dmU2OFVWZDZrejFlRXYyZWk2Ny1JUkY4SjA2NGhJc2loRWVsYlFnMTloa2xlanBlaS1VWlRYOWtrQWJaaXR3OA&q=https%3A%2F%2Fx.com%2Fzaheerebtikar&v=5WRQnAXVDc8">https://x.com/zaheerebtikar</a><br>Plasma - <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa2NyQ0NMRE9TMmV2X1k3ZGdoejBKb3AwRWV6d3xBQ3Jtc0trdnU3WTBtNExoOXVOWjRsYUsxWE5pSlI1X0pRU2dGbjRKYjczTHJCYXJVMVpCN1djTkQzaGFxS0FybkJTek9xTE1MNmZES2tXR19pTkx5WkJJbFpoeDFhX0FpOEhQaGxNeENjcnM5c1JXbW5zUHVUUQ&q=https%3A%2F%2Fx.com%2Fplasma&v=5WRQnAXVDc8">https://x.com/plasma</a></p><p>Show links:</p><ul><li>Apple: apple.co/43F3vmq<p></p></li><li>Spotify: spoti.fi/44NT1lZ<p></p></li><li>Larry: x.com/lawmaster<p></p></li><li>Namik: x.com/NamikMuduroglu<p></p></li><li>The Block Podcasts: x.com/TheBlockPods<p></p></li></ul><p><br>--------------------------------------------------------------------------------------</p><p>Subscribe to The Block's Newsletters!<br>🚨 Breaking News<br>👨🔬 Expert Analysis<br>📈 Market Insights</p><p>Subscribe now 👉 <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqazdJSjRTeHlJbDBSdTFZTjlTbXc0RHRjdWFMUXxBQ3Jtc0tuNjI5ZlhxbUdVX09KTlpEdkJyUGRiZTYxTmg2SHVVdDFCSlBRVDFNVVg2b0w0V0cydEJJUXFiZlc0T0cxOHhEeU82TzI2WkU2Vm5ZVDRLVUlYUFI0TWxUZVdLZlUyYkR5Z004elRjX210Z2xDMlRHYw&q=https%3A%2F%2Fwww.theblock.co%2Fnewsletters&v=5WRQnAXVDc8">https://www.theblock.co/newsletters</a></p><p>--------------------------------------------------------------------------------------</p><p>Hiring in crypto?<br>🧠 Find top talent fast with Campus, powered by The Block!<br>✅ Challenge candidates with our Crypto Assessment Test<br>⚡ Hire faster, build stronger teams</p><p>Start your free trial today 👉 <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbjVBZlVjLUVlLWlabVIwcUZhY05jVzBaemR5Z3xBQ3Jtc0trWXpXUjc0dTJPSVp2VTh3bFFrWDI1WE9SNUpLUFcyOUpvVVd3UGZqeWdrcWdMemhiVHl0cms4cDNaLTEyWThOZlkwRGdpUXFVYUhtenNiQUY5VWRFa1phMU5melN4Y3Q0ZlkyTHRsTHF4REN2Tk9LMA&q=https%3A%2F%2Ftheblock.co%2Fcampus&v=5WRQnAXVDc8">https://theblock.co/campus</a></p>
December 16, 2025
In episode 10 of The Big Brain Podcast, Larry and Namik are joined by Gauntlet founder and CEO Tarun Chitra. Tarun recounts how an unexpected ADL event on a tiny test position pushed him to research how exchanges handle insolvency when liquidations fail, especially after October 10th. He argues the common ranking approach concentrates losses unfairly and may overshoot during cascading events. The discussion also covers transparency, insurance funds, and why improving these systems matters if perp exchanges want to onboard new users. OUTLINE 00:00:00 - Introduction 00:00:54 - Tarun’s background 00:10:50 - Tarun's ADL paper 00:15:40 - ADL usage 00:26:25 - Transparency gap 00:31:44 - Critiques of Tarun's paper 00:36:32 - Impact of Tarun's paper 00:41:09 - Potential fixes 00:45:31 - Cult-like communities in crypto 00:52:42 - 10x verticals looking ahead 01:02:29 - Conclusion Guest links: Tarun Chitra - x.com/tarunchitra Gauntlet - x.com/gauntlet_xyz Show links: - Apple: apple.co/43F3vmq - Spotify: spoti.fi/44NT1lZ - Larry: x.com/lawmaster - Namik: x.com/NamikMuduroglu - The Block Podcasts: x.com/TheBlockPods --------------------------------------------------------------------------------- Subscribe to The Block's Newsletters! 🚨 Breaking News 👨🔬 Expert Analysis 📈 Market Insights Subscribe now 👉 https://www.theblock.co/newsletters --------------------------------------------------------------------------------- Hiring in crypto? 🧠 Find top talent fast with Campus, powered by The Block!✅ Challenge candidates with our Crypto Assessment Test⚡ Hire faster, build stronger teams Start your free trial today 👉 https://theblock.co/campus
November 27, 2025
In episode 9 of The Big Brain Podcast, Larry and Namik are joined by Infinex founder Kain Warwick. The trio discuss how crypto's complex user experience remains a roadblock for projects to gain broader adoption and find new users, and how Infinex aims to tackle this by being the first true "superapp." The conversation also digs into multi-chain routing, gas abstraction, fundraising, “CT mafia” dynamics, and how Infinex aims to compete with MetaMask, Phantom, and Coinbase Wallet. OUTLINE 0:00 – Introduction 2:51 – Evolution of Infinex Vision 5:30 – Decentralization vs User Experience 8:29 – Infinex in a Multi-Chain Future 12:30 – User Experience in Super Apps 15:10 – How Infinex Works Behind Scenes 19:25 – Funding Challenges for Super Apps 25:40 – YAP Run Drama Reflections 27:44 – Social Media’s Impact on Founders 29:56 – Navigating Crypto Regulations 31:25 – Token Distribution Strategies 34:09 – Token Launch & Listing Challenges 36:46 – On-Chain Liquidity & Multi-Chain 38:50 – Re-Engaging Users Online 41:28 – TGE Strategy Breakdown 44:40 – Token Utility & Revenue Models 51:53 – Competing in a Crowded Market Guest links: Kain Warwick - https://x.com/kaiynne Infinex on X - https://x.com/infinexInfinex - https://infinex.xyz/ Show links: Larry - https://x.com/lawmaster Namik - https://x.com/NamikMuduroglu
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The Big Brain Podcast features conversations with crypto's most influential thinkers, builders, and traders.
Co-hosted by The Block CEO Larry Cermak and MegaETH CSO Namik Muduroglu, these interviews challenge ideas, dig into mental models, and push guests beyond the headlines.
This show isn't about predicting the future of crypto—it’s about spotlighting the big brains shaping it.
This podcast updates daily.
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