Franklin Templeton's New Bitcoin Product & The Truth Behind AI
June 23, 2026
Presented collaboratively by Early Riders & Onramp Media…
Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.
This week Brian, Michael, and Liam cover Anthropic's Mythos and Fable controversy and the orchestrated open-source-vs-frontier AI dynamic (Microsoft eyeing DeepSeek for enterprise, Japan's Sakana Fugu launch, Goldman's 24x token forecast by 2030), Franklin Templeton's new ETFs that auto-invest stock dividends into Bitcoin, Fidelity and State Street's entry into stablecoin reserve management, Illinois Governor Pritzker's 0.2% crypto wealth tax, the Fed's 130-page stablecoin KYC rulemaking, Binance's MiCA expulsion, Coinbase's tokenized-stocks rollout, SpaceX's IPO run and $60B Cursor acquisition, and the latest on Strategy's STRC product.
Chapters
00:00 - Introduction and Current Events 03:04 - Anthropic's Mythos and Fable Controversy 05:58 - The Role of Open Source in AI 08:54 - AI Models and National Security Concerns 11:54 - Microsoft's Strategic Moves in AI 14:57 - The Future of AI Infrastructure 17:55 - The Dynamics of AI Token Consumption 21:06 - Emerging AI Technologies and Market Trends 24:10 - Japan's Entry into AI with Sakana Fugu 27:11 - Open Source Challenges and GitHub Controversy 30:31 - Merging Money and AI for Market Success 32:08 - Stablecoin Management: Fidelity and State Street's Moves 33:59 - Innovative ETF: Dividends into Bitcoin 38:48 - Regulatory Challenges: Illinois Crypto Tax 42:52 - Stablecoin Issuer Regulations and KYC 48:54 - Tokenized Stocks: Coinbase's New Offering 50:53 - SpaceX's Rapid Growth and Market Dynamics