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Home > Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency > Why Phantom Is Launching Perps + Why Bit Digital Ditched BTC for ETH - Ep. 866


	Podcast:		Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency
	Episode:		Why Phantom Is Launching Perps + Why Bit Digital Ditched BTC for ETH - Ep. 866
	Category:		Business
	Duration:		01:13:33
	Publish Date:		2025-07-11 13:00:00
	Description:		In the first half of this dual episode, Phantom co-founder Brandon Millman joins Unchained to break down why his Solana-first wallet is launching perpetual swaps, and why it chose to integrate with Hyperliquid over any Solana-native option. Then, Bit Digital’s Sam Tabar explains why the public company ditched its profitable Bitcoin mining business, went all-in on ETH, and what happened when he told Michael Saylor. FalconX Sam Tabar, Chief Executive Officer of Bit Digital, Inc Brandon Millman, CEO and co-founder of Phantom Phantom Unchained: Phantom Wallet Launches Direct Perpetual Trading With Hyperliquid Phantom blog post: Introducing Phantom Perps Dragonfly’s Austin Marrazza tweet Bit Digital The Block: Bit Digital swaps entire treasury into Ethereum, says it's now a top public ETH holder after a $173 million splurge Treasury companies Unchained: These 4 Crypto Treasury Companies Are Primed for a Price Crash BitMine Crashes 39% After It Files to Raise $2 Billion for More ETH Timestamps: Phantom 0:00 Intro 1:36 Why Phantom is launching perps—and why now was the moment to do it 6:08 How they landed on 40x leverage 7:48 How Phantom plans to make money from its new trading product 8:50 Why U.S. users are left out (for now) 10:36 Why Hyperliquid won out over Solana-native DEXes ️ 12:55 Whether wallets and dapps are headed for a showdown
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