Track market-moving stories before they get noisy

Episode 3 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and a16z Crypto Founder Chris Dixon.

Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Chris Dixon is a managing partner at a16z and the founder of a16z crypto.

In this episode, Dixon gives an overview of his new book, Read Write Own: Building the Next Generation of the Internet, and explains how blockchains have the potential to create more equatable online experiences.

OUTLINE
00:00 Background
08:04 New Book
11:13 Crypto Skeptics
14:56 Tech Centralization
19:53 Web2 vs Web3
24:11 Networks vs Tokens
31:12 Platform Ownership
33:49 Platform Take Rates
37:49 Consumer Crypto
40:49 Regulatory Uncertainty
47:29 Venture Landscape

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision

Leading political finance (PolitiFi) coins have defied the broader market trend, experiencing price declines in the past 24 hours. ConstitutionDAO (PEOPLE) and Maga (MAGA) saw their values drop despite overall market stability.

These movements come as the US election day, set for November 5, approaches, adding uncertainty to the performance of these politically linked tokens.

ConstitutionDAO Loses SteamPEOPLE currently trades at $0.08, registering a 2% drop over the past 24 hours. During that period, its trading volume has surged by 17%. A price drop accompanied by rising trading volume suggests that many traders are selling the asset, creating downward pressure.

PEOPLE’s negative Chaikin Money Flow supports this bearish bias. As of this writing, it is at -0.01 and in a downward trend. 

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

PEOPLE CMF. Source: TradingViewWhen both price and CMF are declining, the bearish sentiment is strengthened. The falling price shows weakness, and the negative CMF confirms that traders are not accumulating the asset, further reinforcing the downward momentum.

If the downtrend continues, PEOPLE’s price could drop by 26%, reaching $0.06. Should the bulls fail to defend this support level, a further decline to $0.05 may occur.

PEOPLE Price Analysis. Source: TradingViewThe Demand for MAGA Grows WeakerMAGA is another leading PolitiFi coin whose value has plunged over the past 24 hours. The meme coin currently trades at $0.00014, noting a 10% price drop during the period on review. Its technical setup, assessed on a 12-hour chart, confirms the waning accumulation.

For example, readings from its moving average convergence/divergence (MACD) indicator show its MACD line (blue) below the signal line (orange). This indicator tracks a trend’s momentum. When set up this way, it signals weakening momentum and indicates a downward price trend.

Additionally, MAGA’s Elder-Ray Index has fallen below zero, sitting at -0.000027. This indicator assesses the strength of buyers and sellers, with a negative value signaling that sellers are currently stronger, reflecting bearish market sentiment. If this trend continues, MAGA’s price could decline by 57%, potentially reaching $0.000061.

Read more: Best Crypto To Buy Now: Top Coins To Keep an Eye on in October 2024

MAGA Price Analysis. Source: TradingViewHowever, if the altcoin witnesses a resurgence in demand, MAGA’s price may rebound and climb toward $0.0031, invalidating the bearish projection. 

Remember when ConstitutionDAO tried (and failed) to buy a copy of the U.S. Constitution? Well, now there’s a project aiming to do much the same with a nuclear bunker.

The creators of doomsday-themed Solana project Meatbags hope to purchase a nuclear bunker built during the Cold War in Rutland, England. To do this, 100,000 Billionaire Bunker Club NFTs will be offered for sale at $14 a pop in an attempt to raise $1.4 million, with NFT holders forming a decentralized autonomous organization or DAO collective that will vote on what to do with the property.

The site spans 1.4 acres with a nuclear bunker and former reservoir, according to SDL Property Auctions, and was built in 1960 to act as a British Royal Observer Corps (ROC) Cold War monitoring post. This was one of 1,500 underground monitoring posts built across the United Kingdom, during a time of heightened fear of nuclear war. 

Photo of the nuclear bunker and reservoir. Image: SDL Property Auctions.Planning permission has already been secured for the site by its current owners to turn it into a luxury home with two floors of “cathedral-type ceilings,” a large glass frontage, and views across the Leicestershire countryside. Meatbags claims to have an estimate on how much these plans will cost, and the team has factored this into the NFT raising price.

The attempt recalls the well-publicized effort from ConstitutionDAO, which formed in late 2021 in an attempt to purchase a copy of the U.S. Constitution at auction.

We’re giving Doomsday Preppers around the world a chance to reserve their slice of the Billionaire Bunker Club—a Cold War artifact and the first historic site ever fractionalized into a fully decentralized, community-governed real-world asset on-chain.

— MEATBAGS (@mfmeatbags) April 19, 2025

Despite raising about $47 million to further such aims, the DAO failed to win the auction, losing out to billionaire Citadel CEO Ken Griffin. ConstitutionDAO eventually refunded its participants, which Meatbags has also pledged to do if it can’t secure the aforementioned bunker or an alternative site within six months of its bid being rejected.

But other DAO-driven efforts have had more success fulfilling their aims—such as LinksDAO, which purchased the Spey Bay Golf Club in Scotland in 2023 and is overhauling the site.

Robert, the pseudonymous co-founder and CEO of Meatbags creator Dead Bruv, told Decrypt that the team has scoped out a couple of alternatives already, some of which are also in the United Kingdom—but they’re open to landing a site elsewhere, too.

“We’re confident we'll be able to get our hands on a bunker,” he added.

Photo of proposed refurbishment of property. Image: SDL Property Auctions.Billionaire bunker clubIf the Meatbags collective successfully purchases the property as the result of the upcoming “Buy the Bunker” campaign, it will allow the newly formed DAO to vote on what will be done with the property.

“I guess the idea would be to be able to have people come to the property, stay on it. Either I think it will turn into a tourist attraction, or I think it could also go down the route of being an insane property on Airbnb,” Robert told Decrypt. “Ultimately, it’ll come down to what the DAO votes [for].”

Meatbags is a narrative-driven NFT project about doomsday preppers living in a world that is coming to an end, called Surviville, which mirrors real-world concerns like war tensions, global pandemics, and the rise of powerful AI. As such, the community already has its toe in the world of doomsday prepping—so there’s a chance the DAO could vote to use the property as a functional bunker if the worst was to happen.

Aside from participating in the DAO, Billionaire Bunker Club holders will also receive an on-chain land deed verifying that they own a share of the bunker, and will be invited to an opening party.

Robert claims to have reached out to the auctioneers via email and said they appear open to the NFT project buying the property. SDL Property Auctions did not respond to Decrypt’s request for comment.

The site is currently listed for a guide price of over £650,000 (or about $862,000) plus fees. Meatbags aims to raise $1.4 million so it can also refurbish the place, create wiggle room for negotiating, and pay management, operating, and legal fees incurred throughout the campaign. The DAO will vote on how any remaining funds will be used.

Billionaire Bunker Club NFTs will go on sale on Monday at 8am ET, with users able to purchase using Solana Pay or credit card via the Dead Bruv website. 

ConstitutionDAO fell short of its own goal, and attempting to sell 100,000 NFTs in 2025 at any price might seem like a Herculean task. Even so, the team is confident in its chances to pull this off.

“I’m about as optimistic as you can be when betting on crypto and the apocalypse at the same time,” pseudonymous co-founder and creative director Psychrome told Decrypt.

Edited by Andrew Hayward

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