In this episode of When Shift Happens , I sit down with Armani Ferrante to discuss what it really means to build in crypto when everything falls apart. From losing nearly his company’s entire balance sheet in the collapse of FTX, to rebuilding Backpack into a regulated global exchange, Armani explores identity under pressure, the philosophical foundations of crypto, and the structural shift happening as blockchain technology begins to merge with traditional finance. The Quest

In this episode of When Shift Happens , I sit down with Xin Song, Group CEO of GSR Markets, to discuss why crypto’s market structure is fundamentally broken, how misaligned incentives are holding the industry back, and what it would take to rebuild it into something closer to a real financial system. From his early days navigating illiquid crypto markets to his vision of turning GSR into the Goldman Sachs of Web3, Xin offers a perspective that is both deeply operational and u

In this episode of When Shift Happens , I sit down with Xiao-Xiao, President of Jupiter and former digital assets lead at KKR, to discuss his unlikely journey from concert pianist to private equity operator to one of the most prominent builders in DeFi. It is a conversation about timing, conviction, product velocity, and the deeper shift from crypto as narrative to onchain finance as real infrastructure. At the centre of it all is a simple question: if stablecoins were only t