A Perp Venue Asked Her to Trade Her Own Benchmark. She Said No

Episode notes

Carmen Li thought it was a joke when a perpetual futures marketplace asked her to become the market maker for her own index. It wasn't. In this segment from Bits + Bips: The Interview, she walks Steven Ehrlich through the requests that alarmed her, a daughter analogy for why trading your own benchmark destroys neutrality, the manipulation risks she sees in crypto's index practices, and why she insists any perp venue on her index be regulated and guardrailed. Host: Steven Ehrlich - Host of Bits + Bips and Head of Research at Sharplink Guest: Carmen Li - CEO of Silicon Data and Compute Exchange This clip is from a longer conversation on GPUs, compute markets, and crypto. Full episode here: We go live every Monday -

• The Chopping Block: Visa, Mastercard & 140 Firms Take On Circle, Saylor’s Digital Credit Reset & the DAO Reckoning76 / 100
• How a Fake Podcast Invite Nearly Hacked Laura Shin
• How the New Ethlabs Plans to Make Ethereum More Intentional in Designing ETH
• Why CME Sued the CFTC Over the Kalshi Bitcoin Perp Approval
• How the Strategy Empire Breaks, and Whether Saylor Can Stop It