About this episode
In today's episode: Jason and Alex break down one of the craziest crypto stories yet—a $100M meme coin meltdown, insider trading, and Argentina’s president caught in the middle. Coffeezilla joins the show to explain how meme coins are rigged, why Dave Portnoy got a $5M refund while everyone else got wrecked, and what really went down with the Libra token. Plus, we debate if crypto can be fixed or if the grift is too far gone. Timestamps: (0:00) Jason and Alex kick off the show.(2:17) Libra fiasco, crypto scams, and influencer involvement(4:42) The impact of meme coins on politics and ethical considerations(8:02) Trump's involvement in meme coins(10:10) Northwest Registered Agent. Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!(11:30) The Libra coin scandal and its broader implications(18:39) Coffeezilla interview clip with Hayden Davis(20:20) Netsuite. Download the CFO's Guide to AI and Machine Learning for free at https://www.netsuite.com/twist (21:46) Introduction to Pump.fun and discussion on token launching risks(23:21) Coffeezilla joins Alex and Jason!(24:10) Discussion on Argentinian president and Tech Forum Argentina(27:29) Examination of Hayden Davis and token manipulation(29:29) Horatio. Visit https://www.hirehoratio.com/twist and get $2,000 off your initial setup.(31:02) Analysis of the broken crypto system and regulatory issues(35:40) Intentional fraud, regulation, and meme coins in politics(41:21) Potential solutions and regulatory controls under new administration(50:23) Concerns and proposed framework for crypto regulation(54:52) Importance of regulation and combating crypto fraud(58:18) Coffeezilla's perspective on meme coins and future regulations(1:01:22) Advice to potential crypto investors and FTC news implications(1:02:08) Impact of regulation on American innovation and tech giants' growth(1:05:03) Current administration's stance on business combinations(1:06:10) Arguments against large companies acquiring competitors(1:07:23) Risks and potential benefits of hypothetical acquisitions(1:08:29) Debate on market competition dynamics * Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com Check out the TWIST500: https://www.twist500.com Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Follow Coffeezilla: Patreon: patreon.com/coffeezilla YouTube: https://www.youtube.com/channel/UCFQMnBA3CS502aghlcr0_aw X: https://x.com/coffeebreak_YT * Follow Alex: X: https://x.com/alex LinkedIn: https://www.linkedin.com/in/alexwilhelm * Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Thank you to our partners: (10:10) Northwest Registered Agent. Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today! (20:20) Netsuite. Download the CFO's Guide to AI and Machine Learning for free at https://www.netsuite.com/twist (29:29) Horatio. Visit https://www.hirehoratio.com/twist and get $2,000 off your initial setup.* Great TWIST interviews: Will Guidara, Eoghan McCabe , Steve Huffman , Brian Chesky , Bob Moesta, Aaron Levie , Sophia Amoruso , Reid Hoffman , Frank Slootman , Billy McFarland * Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups Substack: https://twistartups.substack.com * Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916