In Episode 2 of The LOCAL, Tim returns from Token2049 with some questions, and very few answers.Between degen rabbit suits and multi-billion-dollar acquisitions, it’s clear where the real action is (and it’s not on the conference floor). Coinbase buys Deribit. Stripe goes stablecoins. Movement Labs signed a shocker of a market-making deal, which we dig right in to.

This week:

• Who’s still taking conferences seriously, and why the smart money isn’t
• Why the biggest crypto deals now happen behind closed doors
• Coinbase x Deribit: smart options play or branding headache?
• Stripe’s stablecoin pivot and why it matters
• Movement Labs and the market maker with a Gmail address
• What price targets, fake volume, and “free tokens” say about the MM problem

Also:

• • The Dutch invented market making — we just broke it
  • Will crypto ever get an ISDA moment?
  • Plus: a toast to Warren Buffett

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Follow us on X:⁠https://x.com/TheLocalWMC⁠@timmeggs | Marcus (the other one)