You're about to hear the first episode of a new podcast format I'm working on with Michael Nato from the Defi Report.

The idea behind these episodes is to really get inside Michael's head.

His portfolio, his positioning, he's a long-term crypto investor.

He's someone I respect.

I think these episodes will help you on your

crypto journey. We'll be doing these weekly next year in 2026, just not on the bankless podcast feed.

So if you want access to these episodes, we're coming out with them every Wednesday next year in

26. Subscribe to the Defi Report podcast. There'll be a link in the show notes. Go do that now.

Welcome to the DeFi report. Was the Fed rate cut the signal to buy back in to crypto? That's what we're going to explore on today's episode. So last week, the Fed cut rates by 20.25%. They also injected

$40 billion in Fed Treasury bill purchases. Some people are calling this QE light. I got to know

if that was the signal to buy back in. And if not, what signals does Mike from the D5 report

need in order to switch back to risk on

and buy back some of his Bitcoin? I'm going to introduce this episode for you. We are doing

these episodes on a weekly basis. They're going to be 20 to 30 minutes or so. Access is on

the Defy Report, YouTube, Spotify, wherever you consume podcasts. What I want you to do right now

is go subscribe to those feeds so you get this in your podcast listener every week. The first

episode is now. We will be resuming these episodes again after the holidays in January.

And really, what we're going to do is we're going

to put the reports that Mike publishes every Wednesday. We're going to put it in podcast format so

you can consume it right here. You can access those reports at the defyreport.io. So expect these weekly

on a go-forward basis. And the goal for these episodes is education. I am doing

these episodes. We are forking this podcast from bankless because honestly, I want to get inside Mike's

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