Skip to content
Artwork for When Shift Happens Podcast
BusinessInvesting

When Shift Happens Podcast

Kevin Follonier

I sit down every week with the most based people in crypto.

My goal is to create a safe space to have the deepest and most real conversations with the biggest builders and investors in the industry, as well as to help educate the mainstream people, politicians, celebrities and big Web2 entrepreneurs coming into Web3.

Hopefully this platform does its little part in onboarding as many people as possible into the incredible world of opportunities that Web 3 offers, while staying true to crypto’s core values and ethos.

Thank you for watching.

Play
  • 24 episodes
  • weekly
  • Avg 1 hr 18 min
  • English
Counted on this page — what you have heard stays on this device, so it is not something the list can be paged by.
  • #165
    April 9 · 1 hr 25 min

    E166: Bitget CEO From Divorced Single Mom to Running a $20B/Day Crypto Exchange

    Gracy Chen went from a divorced single mom to CEO of Bitget, a top 5 crypto exchange doing $20B in daily volume with 25 million users. THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter ___________ PARTNERS 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102... 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/ ⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/ 🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/ 💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/ ♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com ___________ Follow Gracy Chen • Twitter: https://x.com/GracyBitget • Twitter: https://x.com/bitget • Website: https://linktr.ee/bitgetofficials FOLLOW WHEN SHIFT HAPPENS Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/ Website: https://kevinfollonier.com/ DISCLAIMER The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome. 0:00 Introduction 1:34 Please Subscribe 2:00 The Only Bad Experience With When Shift Happens 3:47 Gracy’s T-Shirt & Where It Came From 4:37 How Do We Motivate More Women To Join The Crypto Space 6:13 Bitget’s Overall Work Environment Explained 7:06 How Gracy Manages 2,200 Remote Workers 10:09 Partnerships: @JupiterExchange @KASTxyz 10:50 Who Is Gracy Chen? 13:04 Where Does Gracy’s Fire In The Belly Come From? 15:01 Why Is It Necessary To Go To The Best Schools 22:23 Why Gracy Left Acumulus? 23:45 The Hardest Part About Building A Business 28:52 Partnerships: @Ethena @sumsub 41:36 What Is Bitget, Explained Simply? 43:55 Gracy’s Breakdown Of Bitget’s Numbers 45:09 How Bitget Got Over 40% Of Its Management Team To Be Female 46:48 Where Women Excel In Terms Of Business Management Practice 50:45 Where Do Men Excel In Business Management Practice 52:20 Partnerships: @Trezor @BitwiseInvest @SuiNetwork 53:17 What Are Gracy’s KPIs As The CEO Of Bitget? 56:45 How Bitget Is Growing The Pie To Continue Expanding 1:03:40 What’s The Endgame For Bitget? 1:05:49 Why Can Anyone Become A CEO? 1:09:28 Running A 2,200 Employee Company While Taking Care Of A Kid, How? 1:11:22 How Has Bitget Evolved Since Gracy Joined In 2022 1:17:12 What The Voice In Gracy’s Head Tells Her In The Morning & Evening 1:20:05 One Thing Gracy’s Learned That You Can Take With You 1:24:31 Closing Thoughts

  • #165
    April 2 · 1 hr 23 min

    E165: Backpack CEO: How I Survived Crypto's Biggest Collapse, Then Built a $420B Exchange

    Armani Ferrante is the Founder and CEO of Backpack, a regulated global crypto exchange with over $420 billion in trading volume and one of the leading builders in the Solana ecosystem. THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter ___________ PARTNERS 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102... 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/ ⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/ 🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/ 💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/ ♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com ___________ Follow Armani Ferrante • Twitter: https://x.com/armaniferrante • Twitter: https://x.com/Backpack • Website: https://backpack.exchange/ FOLLOW WHEN SHIFT HAPPENS Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/ Website: https://kevinfollonier.com/ DISCLAIMER The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome. 0:00 Introduction 1:32 Please Subscribe 1:56 Michelle Fuko & Her Philosophical View On The Panopticon Metaphor 5:25 Armani’s Answer To This Philosophical View In Regards To Crypto 7:50 Who Is Armani Ferrante? 8:39 Partnerships: @JupiterExchange @KASTxyz 9:19 Where Armani’s Chip On The Shoulder Comes From 10:43 Getting Hired Twice At Alameda Research Twice Explained 13:46 Being Able To Work On Early Solana Projects 14:43 Why Instead Of Going To FTX Did Armani Go & Build His Own Exchange? 18:26 Was There Ever Any FOMO From Not Joining FTX? 23:32 Partnerships: @Ethena @sumsub 24:34 How Armani & Backpack Got Affected By The FTX Collapse 36:25 What’s The TLDR On The MadLad Story 42:03 How Important Was The MadLad Story For Backpack? 43:40 Armani’s Deepest Belief On What Crypto Should Be 51:59 Partnerships: @Trezor @BitwiseInvest @SuiNetwork 52:55 Explain Backpack To Your Uber Driver 57:36 Most Of Crypto Is Currently A Test Bed 1:04:15 Percentage Of People Think They Own Shares From Huge Companies But Really Don’t 1:06:41 What Unified Margin Accounts Solve & Why You Should Care 1:15:20 Why Armani Left Sunny California For Tokyo Japan 1:17:18 Why These Huge Exchanges Don’t Exist In Japan 1:18:43 How Did Backpack Acquire Licenses At A fraction Of The Cost Compared To FTX 1:21:53 Closing Thoughts

  • #164
    March 26 · 1 hr 13 min

    E164: GSR CEO: The New Era of Crypto Is About to Begin

    Xin is the Group CEO of GSR Markets, one of crypto's oldest market-making firms - bootstrapped with $20K over twelve years ago and still independently funded today. In this episode, he breaks down why crypto's market structure is fundamentally broken, how misaligned incentives are holding the industry back, and why GSR is transforming into crypto's first full-service investment bank modeled after Goldman Sachs. THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter ___________ PARTNERS 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102... 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/ 🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/ 💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/ ♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com ___________ Follow Xin Song • Twitter: https://x.com/xinsong86 • Twitter: https://x.com/gsr_io • Website: https://www.gsr.io/ FOLLOW WHEN SHIFT HAPPENS Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/ Website: https://kevinfollonier.com/ DISCLAIMER The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome. 0:00 Introduction1:32 Please Subscribe 2:02 Sleep & Age Banter 3:15 Advantage Of Age & Maturity 7:33 Who Is Xin Song? 9:23 What Did You Learn From Your Parents 12:47 Partnerships: @JupiterExchange @KASTxyz 13:27 What’s Happening With Crypto Right Now Considering The Market 16:12 What Broken Market Structure Means 19:18 Why Crypto Companies Shouldn’t Be Competing With Each Other 21:27 What Shocks You That People Don’t Understand With Crypto vs TradFi 26:42 What’s The Incentive To Make These Changes 28:41 GSR Explained To Your Mom 32:51 Partnerships: @Ethena @sumsub 33:53 Why Do Market Makers In Crypto Have Bad Reputations 36:48 How To Fix The Crypto Market Makers Reputation 40:09 What Does It Mean That GSR Wants To Become The Goldman Sachs Of Crypto 42:05 Example: Goldman Sachs Worked With Coca Cola & How GSR Reflects That In The Web 3 World 44:50 Why Is It Necessary For GSR To Become The Goldman Sachs Of Web 3 48:34 You Made 2 Major Acquisitions, Why? 51:49 Partnerships: @Trezor @BitwiseInvest @SuiNetwork 52:45 Why Is Now The Best Moment For Focusing On Tokenization 56:24 What Must Happen For 10% Of $300 Trillion To Be On Chain 59:20 Katana Explained Simply 1:12:18 Closing Thoughts

  • #163
    March 19 · 1 hr 19 min

    E163: Jupiter President: How Crypto Will Replace Your Bank (And Why Wall Street Knows It)

    Xiao-Xiao is the President of Jupiter, the leading DeFi super app on Solana, and former digital assets lead at KKR, one of the world's top private equity firms. In this episode, he reveals why he left Wall Street to go all-in on crypto - and how Jupiter is building zero-fee global payments that could disrupt a $5 trillion market. THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter ___________ PARTNERS 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102... 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/ 🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/ 💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/ ♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com ___________ Follow Xiao-Xiao • Twitter: https://x.com/xxjzhu • Twitter: https://x.com/jupiterexchange • Website: https://jup.ag/ FOLLOW WHEN SHIFT HAPPENS Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/ Website: https://kevinfollonier.com/ DISCLAIMER The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome. 0:00 Introduction 1:26 Please Subscribe 1:52 Xiao’s Personal Thoughts On Dubai 3:11 Kevin Working For Luxury Brands 3:47 Working, Chaos, & A Delicate Balance Within Jupiter 5:16 How Xiao’s Previous Job At KKR Compares To Jupiter 6:01 Coming From TradFi Means Less Structure More Output 7:35 What Is Jupiter Global 8:29 Siloed Point Solution vs The Network Effect & Aggregation 10:09 Who Is Xiao Xiao 11:26 Partnerships: @JupiterExchange @KASTxyz 12:06 Tell Us More About The Musical Part Of Your Life 13:49 Xiao’s Realization About What He Wanted To Pursue 16:22 What Was This BCG Project About? 18:00 Xiao’s Big Crypto Aha Moment 22:10 What Happens At A Big Firm Like KKR In Terms Of Market Cycles 27:00 Did You Feel FOMO In Regards To FDX Around 2022 31:01 How Advanced Is This Institutional Adoption Within Crypto Now vs Future 37:14 Partnerships: @ethena, @sumsub 38:16 The Fantasy/FOMO Of Going All In On Crypto With Your Job 48:25 What Xiao’s Trying To Prove Within This Jupiter Chapter 51:13 Are You The Reason KKR & ParaFi Invested In Jupiter? 52:48 Why Concretely Did ParaFi Invest $35 Million Into Jup Token 57:31 Partnerships: @Trezor @BitwiseInvest @SuiNetwork 58:28 What Does Onchain Finance Look Like In 5 years 1:07:25 One Thing That Makes You Proud To Be Apart Of Jupiter 1:10:42 Kevin’s One Thing He’s Proud Of With Jupiter 1:14:24 What Shift Is Happening That Most People Don’t See 1:18:18 Closing Thoughts

Showing 21–24 of 24 episodes