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September 14, 2025

Summary

**Welcome back to episode 279 of The Block Runner Podcast.  As always, we have your host William talking with your cohost I-man as we discuss cryptocurrency developments while we make this new technology relatable to you. You can watch the full episode on YouTube AND stay up to date by subscribing to our newsletter at TheBlockRunner.com.

Here are some of the topics they discuss today:**

First up, revisit Bitcoin DeFi through the lens of this cycle’s emerging “industry cook”: digital-asset treasury companies.

Next, Do we really need native Bitcoin primitives, or will off-chain/custodial routes—UTXO time-locks and loan products be enough to make BTC productive?

and Finally, we pressure-test trench metas like Pokémon “phygital” and map where the music could stop.

Alright, let’s listen in!

218

Summary

MDV has created and is launching one of the more profound UNAT collections DMT has seen yet. DMT-VESSELS is the first DMT UNAT collection that uses 3D Generative Art to bring Bitcoin’s blockchain data to life in a magnificent way. The collection showcases the immense potential when using Bitcoin block information in the generative creation process. Below are features of the collection that make it notable. We discuss with the creator his origins in the Ordinals space and his affinity toward leveraging on-chain Bitcoin data in his creative process even before DMT became standard. Also, we discuss his interpretation of the metaverse and how 3D art will play into it, along with details around the existing art metas of today and how future experimentation can take on-chain art into a new and fresh direction.

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217

Summary

We have an insanely insightful conversation with Bob Bodily PhD, Founder of Bioniq, an NFT/Ordinals marketplace built using ICP to amplify the user experience beyond anything that can exist natively to Bitcoin L1. We discuss the current state of Bitcoin ecosystem affairs with Runes and Ordinals, as well as talk about the many metaprotocols developing on top of Bitcoin L1. We then discuss TAP Protocol’s most recent announcement to partner with ICP in order to bring Bitcoin native assets to EVM/ICP smart contract environments. This will amplify the ability for developers to make cool stuff using Bitcoin and introduce new ways to improve the overall UX for users. We also discuss the differing approaches to scaling the developments happening on Bitcoin from L2s, to sidechains, to BitVM and OP_cat.

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216

Summary

$BAMK has become a top 5 Rune project and stands out among the rest of them simply due to the effort to do something interesting on Bitcoin outside of just memes. The problem BAMK is attempting to solve is the absence of a reliable stablecoin for users of the Bitcoin ecosystem to leverage. In other blockchains there are a variety of stable devices to choose from but none native to Bitcoin to keep all liquidity events onchain without the need of a centralized service. The stablecoin BAMK is introducing is called nUSD, which is derived from Ethena’s USDe, which is a synthetic dollar stablecoin on Ethereum. We ask Jack Liu how it all works and the magnitude of implications for the Bitcoin economy if it becomes widely adopted and standard for stablecoin issuance.

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215

Summary

We have a very insightful conversation with Jiurn, one of the leading experts and educators on all things Bitcoin and Ordinals. Through the last year and a half Jiurn has pieced together daily tweet threads to aggregate all of the latest developments within the space, as a result he has built a very large audience. Now Jiurn is turning his focus onto launching his own Ordinals contribution relating to the book publishing sector. Details of this project are reserved for a future recording. We then get deep into the discussions around preserving the “newness” of Ordinals and not diluting it’s impact with too many cloned copycat attempts. We agree with Jiurn here as we have actively worked to contribute an innovative approach to crafting digital artifacts under the Ordinals umbrella but through the utilization of DMT. We then discuss the merits of meme tokens and make projections on the market trajectory for Bitcoin and the crypto market as a whole for the coming years.

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214

Summary

We continue our conversations around the meme phenomena happening in the web3 space and elude to enough market indication toward it becoming a killer niche for the upcoming bull cycle. We then react to the current day political shift in American politics embracing crypto and making it a main narrative for the upcoming presidential election. This is in stark contrast to the U.S. positioning against the crypto markets over the last several years, but after candidate Trump made recent statements in support of the crypto industry the tone has turned completely. Is this the beginning stages of government adoption which will be the driving force to getting Bitcoin into the 7 figures rage? We discuss.

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