This podcast episode analyzed the impact of the Shapella upgrade on the Ether price, deemed insignificant despite anticipations. The speakers criticized the proposed FTX reboot. They explored the idea of a debt token for FTX creditors, but acknowledged the challenges. Furthermore, the podcast discussed the Treasury report on DeFi, its issues were pointed out. It highlighted the US Treasury's misunderstanding of smart contracts in regulating DeFi. The debate on VC involvement in crypto, addressing both advantages and disadvantages including centralization concerns, was also covered. Ethereum's funding history, involving VCs, was examined. Finally, preference for long-term investors over retail investors in token sales was discussed.