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Unchained podcast

…

Unchained

…

·

  Laura Shin  

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.

 

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Progress

Duration

Release Date

#768

Bits + Bips: Will Rate Cuts and Trump's Policies Spark a Bitcoin Supercycle? - Ep. 737

Bitcoin and SOL are flirting with all time highs, Ethereum is lagging behind, and the next six months could define the trajectory of crypto markets.  In this episode of Bits + Bips, James Seyffart, Alex Kruger, and guest David Grider unravel the key stories driving the space: What could a meeting between Trump and Coinbase’s Brian Armstrong mean for crypto policy? Could a new Treasury Secretary pick become the industry’s biggest ally? And is Ethereum’s underperformance hiding a major comeback? Plus, what crypto categories might be winners in the near future. Show highlights: What the potential meeting of Trump with Brian Armstrong shows ---Which pick for the Treasury Secretary position would be most positive for crypto ---Whether Michael Saylor has been driving the bitcoin market ---Whether rate cuts are coming in December and what impact it’s having on the markets ---How tariffs are not as bad as people think, but massive deportation is, according to Alex ---Why a potential Treasury General Account (TGA) rundown would be bullish for the markets ---Whether traders will be taking profits at the $90,000 bitcoin level ---How ETH has been underperforming and why David sees a silver lining ---How the lack of institutional interest in ETH has changed dramatically since the election ---Why David is so optimistic about restaking across different ecosystems ---What the outlook for crypto regulation looks like in the near future and what will benefit the industry ---Why James believes that we’ll have in-kind creations and redemptions for bitcoin ETFs under new SEC leadership ---What the future trajectory of bitcoin’s price is and the role of a strategic bitcoin reserve ---How different categories within crypto will perform in the markets Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [Alex Kruger] (http://x.com/krugermacro) , Founder of Asgard Guest: --- [David Grider] (https://x.com/David_Grid) , Partner at Finality Capital Links Trump and politics: ---Unchained:  --- [Donald Trump to Meet Coinbase CEO Brian Armstrong: Report] (https://unchainedcrypto.substack.com/i/151838526/donald-trump-to-meet-coinbase-ceo-brian-armstrong-report) --- [Truth Social in Talks to Acquire Crypto Platform Bakkt] (https://unchainedcrypto.substack.com/i/151838526/truth-social-in-talks-to-acquire-crypto-platform-bakkt) --- [Who Might Trump Pick for S.E.C. Chair? This Is Who Jay Clayton Hopes to See] (https://unchainedcrypto.com/who-might-trump-pick-for-s-e-c-chair-this-is-who-jay-clayton-hopes-to-see/) --- [The Trump-Connected Brad Bondi Is a New SEC Chair Contender and Pro-Crypto] (https://unchainedcrypto.com/the-trump-connected-brad-bondi-is-a-new-sec-chair-contender-and-pro-crypto/) --- [A Degen Administration? Why the Crypto Czar May Be Allowed to Own Tokens] (https://unchainedcrypto.com/a-degen-administration-why-the-crypto-czar-may-be-allowed-to-own-tokens/) Markets: ---Unchained:  --- [Spot Ether ETFs See Record $515 Million Weekly Inflows] (https://unchainedcrypto.substack.com/i/151743466/spot-ether-etfs-see-record-million-weekly-inflows) --- [Solana dApps See Massive Fees Amid Memecoin Frenzy] (https://unchainedcrypto.substack.com/i/151743466/solana-dapps-see-massive-fees-amid-memecoin-frenzy) Bitcoin ETF options: ---Unchained:  --- [Bitcoin Hits New All Time High as IBIT’s First-Day Volume Nears $1.9 Billion ] (https://unchainedcrypto.substack.com/p/what-a-massive-debut) --- [Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto] (https://unchainedcrypto.com/why-bitcoin-etf-options-could-unlock-massive-amounts-of-capital-for-crypto/) Timestamps: ---00:00 Intro ---02:31 What a Trump-Brian Armstrong meeting means for crypto ---07:36 Who could be crypto’s biggest ally as Treasury Secretary ---12:43 Is Michael Saylor driving bitcoin’s rally? ---14:46 Whether December rate cuts will shake the markets ---19:33 Tariffs vs. deportation: What’s worse for crypto? ---26:03 Whether a Treasury General Account rundown would be bullish for markets ---30:19 Whether traders will take profits at $90K Bitcoin ---35:50 Why ether’s underperformance might hide a comeback ---47:15 Whether institutional interest in ETH has turned around ---51:49 Why David is bullish on restaking across ecosystems ---54:09 What’s next for crypto regulation and industry growth ---1:06:55 Whether new SEC leadership would greenlight better bitcoin ETF structures ---1:09:10 Whether strategic Bitcoin reserves could drive its price higher ---1:17:25 Which crypto categories could lead the next rally Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

18 hrs Ago

1 HR 26 MINS

1:26:04

18 hrs Ago

#767

Are Layer 2s Failing Ethereum? A New Proposal Advocates for Native L2s - Ep. 736

Martin Köppelmann, co-founder of Gnosis, has proposed that Ethereum should have native rollups—a vision aimed at addressing scalability and decentralization. Köppelmann critiques the current state of layer 2 solutions, highlighting their limitations in fully inheriting Ethereum’s security and composability.  He proposes a bold alternative: 128 Ethereum-native rollups designed to expand block space, strengthen alignment with Ethereum’s core principles, and ensure long-term viability for developers and users. Plus, Martin tackles the controversies: Are L2s parasitic? Could native rollups spell the end for existing solutions? And why should they rely on zero-knowledge proofs instead of Optimism? Show highlights: ---Whether the Ethereum scaling roadmap is accomplishing its goals ---Why based rollups are not a full solution, according to Martin ---What Martin proposes instead ---Why Martin is proposing these rollups to be ZK-rollups instead of optimistic ---Whether the proposed solution would focus on privacy ---What it is about chain abstraction that Martin doesn’t like ---How he envisions that these native rollups will solve many composability issues across L2s ---Whether the community has embraced this proposal and how likely it is to be implemented ---What would happen to current L2s if native rollups get implemented ---Why despite being against the current state of L2s, Martin says that they are not parasitic to Ethereum Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Robinhood & Arbitrum] (https://robinhood.com/web3-wallet/) --- [iYield] (https://go.iyield.com/unchained) Guest: --- [Martin Köppelmann] (https://x.com/koeppelmann) , Co-founder and CEO of Gnosis Links ---Previous coverage of Unchained on prediction markets: --- [ETH Is Down Bad, While Layer 2s Are Ripping. Are L2s Parasitic to Ethereum?] (https://unchainedcrypto.com/eth-is-down-bad-while-layer-2s-are-ripping-are-l2s-parasitic-to-ethereum/) --- [Are L2s ‘Parasitic’? Analysis Shows Ethereum Only Gets a Tiny Percentage of Fees] (https://unchainedcrypto.com/are-l2s-parasitic-analysis-shows-ethereum-only-gets-a-tiny-percentage-of-fees/) --- [Are Solana’s ‘Network Extensions’ Just Like Ethereum’s Layer 2s But by a Different Name?] (https://unchainedcrypto.com/are-solanas-network-extensions-just-like-ethereums-layer-2s-but-by-a-different-name/) --- [Ethereum Has Had a Banner Year in Most Areas. Except Price.] (https://unchainedcrypto.com/ethereum-has-had-a-banner-year-in-most-areas-except-price/) --- [Should Ethereum Layer 2s Urgently Decentralize Their Sequencers?] (https://unchainedcrypto.com/should-ethereum-layer-2s-urgently-decentralize-their-sequencers/) ---Blockworks: [Gnosis founder argues Ethereum needs native L2s] (https://blockworks.co/news/gnosis-founder-argues-ethereum-needs-native-l2s) ---Martin’s [tweet] (https://x.com/koeppelmann/status/1858427383314850237) on USDC yields Timestamps:  ---00:00 Intro ---01:47 Is Ethereum’s scaling roadmap meeting its goals? ---04:07 Why Martin believes based rollups aren’t the full solution ---08:11 Martin’s bold proposal for native rollups ---12:07 Why ZK-rollups over optimistic rollups ---15:56 Whether these rollups should also preserve privacy ---17:11 Martin’s issue with chain abstraction ---22:35 How native rollups could solve L2 composability problems ---26:49 Has the community embraced Martin’s vision? ---30:52 What happens to existing L2s if native rollups win ---36:06 Whether Martin thinks L2s are parasitic to Ethereum Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

Yesterday

38 MINS

38:47

Yesterday

#766

How BlackRock, the World's Largest Asset Manager, Took Crypto Mainstream - Ep. 735

BlackRock’s entry into crypto through its bitcoin ETF (and later on the spot ether ETF) has rewritten the record books, driving massive inflows and reshaping the narrative for institutional crypto adoption. Robbie Mitchnick, head of digital assets at BlackRock, unpacks the story behind this monumental shift. He shares the journey from skepticism to success, how BlackRock’s ETF has changed the market, and the surprises even he didn’t expect. Plus, he explains why he believes people mistake bitcoin for a risk-on asset, what the investment case is for Ethereum, and what’s next for crypto in 2025. Show highlights: ---01:31 What and who is driving this massive amount of activity in bitcoin trading ---05:05 Why Robbie offers some caution about the future of digital asset regulation ---08:35 What about crypto captivated Robbie ---13:32Whether Robbie was the one who “orange pilled” BlackRock CEO Larry Fink ---14:37 Why Robbie thinks that bitcoin is not a risk-on asset ---18:08 The backstory of how BlackRock ended up filing for a spot bitcoin ETF ---20:15 How inflows into ETFs surprised Robbie, even considering fairly optimistic projections ---24:14 Why BlackRock’s clients always ask about bitcoin’s correlation with other assets ---27:22 Robbie’s take on the critique that BlackRock could centralize a decentralized ecosystem ---29:34 What his thesis is on stablecoins, payments, and tokenization ---31:25 The reasons why Ethereum ETFs have not been as successful as bitcoin ---34:14 How Robbie pitches the ether ETF to clients ---35:26 Why BUIDL is built on Ethereum, a public blockchain, rather than on a private one ---36:48 Why DeFi’s potential is “immense,” according to Robbie ---41:56 How bitcoin ETF options will impact the behavior of investors ---43:57 What features BlackRock would love to see under a new SEC regime ---45:32 What it’ll take for regulators to approve staking in ether ETFs ---46:33 Why Robbie is not sure which crypto ETFs might come next ---48:16 Whether BlackRock will develop proof of reserves for its ETFs ---52:21 Robbie’s outlook for the markets in 2025 Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest: --- [Robbie Mitchnick] (https://www.linkedin.com/in/robert-mitchnick-76b0b427/) , Head of Digital Assets for BlackRock Links ---Previous coverage of Unchained on Bitcoin ETFs: --- [Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto] (https://unchainedcrypto.com/why-bitcoin-etf-options-could-unlock-massive-amounts-of-capital-for-crypto/) --- [How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years ] (https://unchainedcrypto.com/how-in-7-weeks-bitcoin-etfs-reached-inflows-that-took-gold-etfs-3-years/) --- [Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access] (https://unchainedcrypto.com/bitcoins-price-is-way-up-and-48-trillion-in-wealth-just-got-access/) --- [How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock] (https://unchainedcrypto.com/how-small-bitcoin-etf-issuers-will-compete-with-the-likes-of-blackrock/) ---Unchained: [BlackRock’s Spot Bitcoin ETF Eclipses Firm’s Gold ETF in Net Assets] (https://unchainedcrypto.com/blackrocks-spot-bitcoin-etf-eclipses-firms-gold-etf-in-net-assets/) ---CNBC: [BlackRock CEO Larry Fink: I believe bitcoin is a legit financial instrument] (https://www.cnbc.com/video/2024/07/15/blackrock-ceo-larry-fink-i-believe-bitcoin-is-a-legit-financial-instrument.html) ---CoinDesk: [BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs] (https://www.coindesk.com/business/2024/05/02/blackrock-sees-sovereign-wealth-funds-pensions-coming-to-bitcoin-etfs/) ---Forbes: [A Trump U.S. Strategic Bitcoin Reserve ‘Game-Changer’ Is Suddenly Hurtling Toward The Bitcoin Price] (https://www.forbes.com/sites/digital-assets/2024/11/07/a-trump-us-strategic-bitcoin-reserve-game-changer-is-suddenly-hurtling-toward-the-bitcoin-price/) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

15 Nov 2024

1 HR 08 MINS

1:08:08

15 Nov 2024

#765

How Crypto Played the Political Game—and Won 'Bigly' - Ep. 734

The 2024 elections have reshaped the future of crypto in Washington. With almost $200 million in donations, the Fairshake Super PAC not only backed pro-crypto candidates but also took bold risks by challenging entrenched incumbents. This strategic gamble appears to have paid off, leading to the most crypto-friendly Congress in U.S. history. In this episode, Coinbase’s Faryar Shirzad and Kara Calvert reveal the behind-the-scenes decisions that drove this unprecedented effort, discuss why crypto needs to transcend partisanship, and explain how this election could usher in long-awaited regulatory clarity. They also delve into the global stakes of blockchain adoption and whether the U.S. can reclaim its leadership as other nations surge ahead in Web3 innovation. Show highlights: ---01:48 The journey of how crypto became so important in this election ---04:16 The differences between Fairshake and Stand With Crypto ---08:48 How Fairshake decided which candidates to support ---12:48 How Washington reacted to the massive influx of money to support pro-crypto candidates ---15:51 Why Fairshake stayed out of the Presidential race ---18:23 How hard it was for Fairshake to handle its non-partisan stance with both parties ---22:32 How the U.S.’s approach to crypto can be compared to how it lost on the cutting-edge technologies of 5G and semiconductors ---26:41 What drove the decision to attempt to unseat Sherrod Brown, which ended up giving Sen. Warren more power on the Senate Banking Committee ---32:54 Whether Sen. Warren’s anti-crypto stance has been diminished after the elections ---35:28 How the industry got past the fiasco of Sam Bankman-Fried and FTX ---42:07 Why Faryar believes that “anyone would be an upgrade” from Gary Gensler as Chair of the SEC ---46:45 How blockchain technology allows for instant settlements, a feature so needed in capital markets ---49:36 What could happen with the SEC’s legal actions against crypto companies now that Gensler will lose his position as SEC chair ---53:22 What Faryar and Kara expect the new administration to do around crypto ---56:47 How DeFi can be regulated in the U.S. and whether Trump will support the motto “code is free speech” ---1:01:37 The perception of Washington insiders about Polymarket  ---1:04:28 Whether the technology sector will be on the Republican side from now on Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Robinhood & Arbitrum] (https://robinhood.com/web3-wallet/) --- [iYield] (https://go.iyield.com/unchained) Guests: --- [Faryar Shirzad] (https://x.com/faryarshirzad) , Coinbase Chief Policy Officer  --- [Kara Calvert] (https://x.com/karacalvert) , Coinbase Head of US Policy Links Previous coverage of the elections on the podcast: --- [Under Trump, the First Crypto President, Where Will Markets Go?] (https://unchainedcrypto.com/under-trump-the-first-crypto-president-where-will-markets-go/) --- [Bits + Bips: Trump Won and the Question Is: Do You Have Enough Crypto?] (https://unchainedcrypto.com/bits-bips/bits-bips-trump-won-and-the-question-is-do-you-have-enough-crypto/) --- [How Arthur Hayes Has Prepared His Portfolio for the Elections] (https://unchainedcrypto.com/how-arthur-hayes-has-prepared-his-portfolio-for-the-elections/) --- [The Chopping Block: 2024 Election Debate feat. Mike Novogratz & Shaun Maguire] (https://unchainedcrypto.com/the-chopping-block-2024-election-debate-feat-mike-novogratz-shaun-maguire/) --- [It’s Not Just the Presidency. Congressional Races Matter a Lot for Crypto] (https://unchainedcrypto.com/its-not-just-the-presidency-congressional-races-matter-a-lot-for-crypto/) Unchained:  --- [DeFi Tokens Jump on Hopes That Trump Will Provide Crypto Regulatory Clarity] (https://unchainedcrypto.com/defi-tokens-jump-on-hopes-that-trump-will-provide-crypto-regulatory-clarity/) --- [What Gary Gensler Could Still Do Against Crypto in His Remaining Days as SEC Chair] (https://unchainedcrypto.com/what-gary-gensler-could-still-do-against-crypto-in-his-remaining-days-as-sec-chair/) --- [Elizabeth Warren Will Be the Top Democrat on the Senate Banking Committee] (https://unchainedcrypto.com/elizabeth-warren-will-be-the-top-democrat-on-the-senate-banking-committee/) --- [Stand With Crypto Says These Races Are Crucial for Crypto. But Why?] (https://unchainedcrypto.com/stand-with-crypto-says-these-races-are-crucial-for-crypto-but-why/) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

12 Nov 2024

1 HR 12 MINS

1:12:39

12 Nov 2024

#764

The Chopping Block: How Prediction Markets Outsmarted the 2024 Election feat. Laura Shin - Ep. 733

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner get together and give the industry insider's perspective on crypto. This week, Laura Shin joins the squad to help break down the aftermath of the 2024 U.S. presidential election and its impact on the crypto landscape. With a new pro-crypto administration on the horizon, they explore what Trump’s stance on blockchain regulation could mean for the industry, from ETFs and stablecoin legislation to the potential of a national Bitcoin reserve. They also dig into the power of prediction markets, which outperformed mainstream media in election coverage, signaling a shift in trust and transparency. From the populist appeal of crypto to the challenges facing a divided Democratic Party, this episode uncovers the political dynamics that could drive innovation or stifle growth in the U.S. crypto market. Expect insights on the forces shaping America’s crypto future and the role of policy in crypto’s place on the global stage. Show highlights 🔹 Prediction markets outpaced mainstream media in calling the 2024 election, marking a shift in how people track election outcomes. 🔹 Trump’s pro-crypto stance signals potential changes for the industry, from new ETFs to a possible federal Bitcoin reserve. 🔹 The Democratic Party’s anti-crypto stance highlights a disconnect between progressive values and blockchain innovation. 🔹 As prediction markets gain popularity, more Americans rely on them over traditional media for real-time election insights. 🔹 One high-stakes bettor’s multi-million-dollar wager on the election paid off, thanks to a unique strategy involving the "neighbor effect." 🔹 The Democratic Party’s focus on "woke" issues may have contributed to a historic loss, raising questions about the future of these policies. 🔹 With pro-crypto Republicans in control, sweeping legislative changes are expected, from stablecoin laws to crypto tax reforms. 🔹 Crypto’s anti-elite appeal is resonating with populist movements, indicating a potential path for mass adoption. 🔹 The idea of Bitcoin on the U.S. national balance sheet is gaining traction as a pro-crypto administration takes office. 🔹 Political choices could propel or stifle America’s standing as a global leader in blockchain innovation and technology. Hosts ⭐️ [Haseeb Qureshi] (https://x.com/hosseeb) , Managing Partner at Dragonfly  ⭐️ [Tom Schmidt] (https://x.com/tomhschmidt) , General Partner at Dragonfly  ⭐️ [Robert Leshner] (https://x.com/rleshner) , CEO & Co-founder of Superstate ⭐️ [Laura Shin] (https://x.com/laurashin) , journalist, author of ‘The Cryptopians,’ founder and CEO of Unchained [Disclosures] (http://choppingblock.xyz) Links Kamala Harris Shouldn’t Just Embrace Crypto. She Must Help It Flourish by Laura Shin: [https://time.com/7111315/kamala-harris-crypto-laura-shin-essay/] (https://time.com/7111315/kamala-harris-crypto-laura-shin-essay/)   How the Trump Whale Correctly Called the Election by Alexander Osipovich [https://www.wsj.com/finance/how-the-trump-whale-correctly-called-the-election-cb7eef1d] (https://www.wsj.com/finance/how-the-trump-whale-correctly-called-the-election-cb7eef1d)   Timestamps  ---00:00 Intro ---01:17 Election Night Observations ---04:32 Polymarket's Role ---06:19 French Whale x Neighbor Effect ---14:52 Mainstream Media vs. Prediction Markets ---25:54 The Future of Prediction Markets ---27:26 Crypto and the Democratic Party's Missteps ---30:30 Democratic Party's Superiority Complex ---31:38 Crypto's Global Impact and Legislation ---43:23 Predictions for Crypto's Future in the U.S. ---49:47 The Return of Crypto Companies to the U.S. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

08 Nov 2024

56 MINS

56:53

08 Nov 2024

#763

Under Trump, the First Crypto President, Where Will Markets Go? - Ep. 732

With a friendlier regulatory environment in sight, will crypto finally get its moment? Jeff Park, head of alpha strategies at Bitwise, joins Unchained to break down what a pro-crypto approach in Washington could mean for the industry, why DeFi tokens such as UNI are thriving, and whether Bitcoin has a place as a strategic national asset.  Plus, Park shares insights into how China will respond to Trump’s economic measures and explains what he means by the “radical portfolio” thesis.  Tune in to find out how this new political era could set the stage for crypto’s long-awaited breakout. Show highlights: ---Jeff’s main takeaways from the intersection of crypto and politics this cycle ---Whether crypto has become a partisan issue ---Why Jeff highlights the usefulness of Polymarket to track the chances of each candidate ---Why Uniswap’s token UNI outperformed the broader market ---What sectors of the industry could boom with more regulatory clarity ---Whether the idea of using bitcoin as a strategic reserve is feasible  ---How China will respond to Trump’s economic measures ---What is the “radical portfolio” thesis and what’s bitcoin’s role in it Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest --- [Jeff Park] (https://x.com/dgt10011) , Head of Alpha Strategies at Bitwise --- [The Radical Portfolio Theory] (https://dgt10011.substack.com/p/the-radical-portfolio-theory) Links Unchained:  --- [Ether Breaks Past $2,800 to 3-Month High Following Trump’s Victory] (https://unchainedcrypto.com/ether-breaks-past-2800-to-3-month-high-following-trumps-victory/) --- [DeFi Tokens Jump on Hopes That Trump Will Provide Crypto Regulatory Clarity] (https://unchainedcrypto.com/defi-tokens-jump-on-hopes-that-trump-will-provide-crypto-regulatory-clarity/) --- [Bitcoin Just Gained $100 Billion in Market Cap Overnight. Is it Time to Take Profits?] (https://unchainedcrypto.com/bitcoin-just-gained-100-billion-in-market-cap-overnight-is-it-time-to-take-profits/) --- [Bitcoin Hits New All-Time High of $75,000] (https://unchainedcrypto.com/bitcoin-hits-new-all-time-high-of-75000/) --- [What Gary Gensler Could Still Do Against Crypto in His Remaining Days as SEC Chair] (https://unchainedcrypto.com/what-gary-gensler-could-still-do-against-crypto-in-his-remaining-days-as-sec-chair/) [Haralabos Voulgaris] (https://twitter.com/haralabob) ’s tweets on gambling: ---Expressing [concern about gambling addiction] (https://x.com/haralabob/status/1766096028392939727) ---Contrasting [gambling now vs. when he started] (https://x.com/haralabob/status/1770223259797360899) ---His [opposition to how much gambling is promoted] (https://x.com/haralabob/status/1771186790709240206) Timestamps: ---00:00 Intro ---01:13 Key takeaways on crypto’s role in politics ---02:38 Has crypto become a partisan issue? ---06:47 Why Polymarket is crucial for tracking election odds ---09:29 Why UNI is outperforming the market ---11:56 Which sectors could thrive with regulatory clarity? ---15:07 Could Bitcoin become a national strategic reserve? ---18:32 How might China respond to Trump’s economic policies? ---20:17 What is the “radical portfolio” thesis? ---29:57 Crypto News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

08 Nov 2024

41 MINS

41:45

08 Nov 2024

#762

Bits + Bips: Trump Won and the Question Is: Do You Have Enough Crypto? - Ep. 731

Donald Trump is headed back to the White House, and the crypto markets are surging in response.  This episode of Bits + Bips dives into what the election means for crypto, the potential crypto IPOs coming soon, why DeFi tokens are outperforming, and what changes in U.S. regulation could mean for investors. Ram Ahluwalia and Noelle Acheson join to explore this unprecedented moment in crypto and how inflation and policy changes may boost Bitcoin and the broader ecosystem. Show highlights: ---Everyone’s initial reactions to Trump’s win ---How some crypto companies could have their IPO soon ---Whether it’s time to take profits after the substantial run ---Why DeFi tokens have been the biggest winners  ---What the next crypto spot ETF will be and whether we’ll see staking rewards for ETH ---Why mainstream media didn’t see the Trump win coming ---Why Ram and Alex believe that Kamala Harris was not the right candidate ---How Trump won the appeal of the lower class in the U.S. ---Whether immigration was key to sustaining the GDP and avoiding a “hard landing” ---Crypto’s massive win in Congress ---How much impact Elon Musk had in the outcome of the elections ---How Polymarket has become a “new source of truth,” according to Ram ---Why the Fed doesn’t have a need to accelerate rate cuts ---Whether Trump’s policies will be inflationary and whether he’ll go forward with tariffs ---Whether the 10-year bond will reach new highs Thanks to [Gemini] (http://gemini.com/unchained) for sponsoring this episode of Bits + Bips. Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [Alex Kruger] (http://x.com/krugermacro) , Founder of Asgard Guests: --- [Ram Ahluwalia] (https://x.com/ramahluwalia) , CFA, CEO and Founder of Lumida --- [Noelle Acheson] (https://x.com/NoelleInMadrid) , Author of the “Crypto Is Macro Now” Newsletter  Timestamps: ---00:00 Intro ---01:57 Reactions to Trump’s election win ---03:13 Which crypto companies might IPO soon? ---09:28 Is it time to take profits in crypto? ---17:30 Why are DeFi tokens surging? ---20:31 What’s next for crypto ETFs and ETH staking rewards? ---28:00 Why mainstream media missed Trump’s victory ---33:44 Ram’s thoughts on Kamala Harris’s candidacy ---43:52 How Trump gained appeal with lower-income voters ---45:41 Did immigration help sustain GDP? ---53:11 Crypto’s big win in Congress ---56:53 Elon Musk’s influence on the election outcome ---1:04:10 Is Polymarket becoming a “new source of truth”? ---1:10:30 Why the Fed may not need faster rate cuts ---1:13:26 Will Trump’s policies drive inflation? ---1:17:08 Will the 10-year bond hit new highs? Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

07 Nov 2024

1 HR 20 MINS

1:20:59

07 Nov 2024

#761

Is There a Better Way to Launch Tokens in Crypto? - Ep. 730

Crypto networks are meant to be decentralized, community owned systems. But they’re turned out to be dominated by whales and to have more mercenaries who are just interested in getting free tokens to dump them, rather than having long-term believers who want to build the ecosystem. How can tokens be launched in a way that gets token holders aligned with long-term success?  Today’s guests, Mike Dudas, founding partner of 6th Man Ventures, and Matt O’Connor, co-founder of Legion, believe there’s room for improvement. In this episode, they share how Legion aims to reshape the process, focusing on fair distribution, incentivizing organic user growth, and building loyal communities. They explore Legion’s approach to token sales, its compatibility with regulatory frameworks, and why it might be the key to bringing new people into crypto. Show highlights: ---How Legion was born and what its main goal is ---The problems with how token launches currently work  ---Why projects don’t want to return to the ICO model ---Whether the criteria to earn a better reputation on Legion is gameable  ---How Legion actually works and what the role of KYC is ---What type of regulatory framework Legion is leveraging ---How MiCA’s rules for token offerings allowed for this type of project to emerge ---Whether the U.S. should follow Europe in establishing a crypto framework like MiCA ---What the business model of Legion is ---What the difference is between Legion and other similar platforms such as Cobie’s Echo ---Whether token sales is a better distribution mechanism than airdrops Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) --- [Robinhood & Arbitrum] (https://robinhood.com/web3-wallet/) Guests: --- [Mike Dudas] (https://x.com/mdudas) , Founding partner of 6th Man Ventures --- [Matt O’Connor] (https://x.com/mattyTokenomics) , Co-Founder of Legion ---Matt’s open source publication: [Tokenomics for Builders] (https://tokenomics-guide.notion.site/Tokenomics-for-Builders-The-Practitioner-s-Guide-to-Token-Design-b5154feba117415cafd67678355e317b) Links ---Unchained: [Legion Launches New Tool to Identify Best Contributors in Crypto Fundraises] (https://unchainedcrypto.com/legion-launches-new-tool-to-identify-best-contributors-in-crypto-fundraises/) --- [Legion Whitepaper] (https://legion.cc/documents/Legion_Whitepaper.pdf) Timestamps: ---00:00 Intro ---01:49 How Legion was born and its main goal ---05:33 What’s wrong with current token launches? ---11:13 Why projects avoid the ICO model ---13:37 Can Legion’s reputation system be gamed? ---26:18 How Legion works and the role of KYC ---35:23 The regulatory framework behind Legion ---39:06 How MiCA enabled this type of project ---44:09 Should the U.S. adopt a framework like MiCA? ---46:32 What is Legion’s business model? ---50:28 How Legion differs from Cobie’s Echo ---53:18 Are token sales better than airdrops for distribution? Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

05 Nov 2024

1 HR 01 MINS

1:01:24

05 Nov 2024

#760

The Chopping Block: 2024 Election Debate feat. Mike Novogratz & Shaun Maguire - Ep. 729

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner slice into the juiciest topics in crypto. This week, Robert Leshner welcomes two special guests: Mike Novogratz, CEO of Galaxy, and Shaun Maguire, general partner at Sequoia Capital, for a one-of-a-kind debate on how the upcoming 2024 U.S. presidential election could shape the future of crypto. With the stakes higher than ever, they explore what a Harris or Trump presidency could mean for crypto regulation, market infrastructure, and the populist undercurrents driving the industry forward. From blockchain voting possibilities to the macroeconomic forces impacting Bitcoin and stablecoins, the conversation pushes beyond policy to the heart of crypto's role in tomorrow's world. This episode delivers crucial insights on the political forces that could redefine crypto’s trajectory in the U.S. and beyond. Show highlights 🔹 Crypto in the Election Crosshairs: Mike Novogratz and Shaun Maguire debate how a Trump or Harris presidency could reshape the U.S. crypto landscape. 🔹 Deregulation vs. Innovation: Trump’s pro-deregulation stance meets Harris’s pro-innovation campaign promises. Which path is better for crypto growth? 🔹 Crypto's Populist Appeal: How Trump’s base connects with crypto’s populist movement and why that resonates with “the people at the bottom” of the income bracket. 🔹 Deep State and Political Jaywalking: Shaun Maguire dives into the concept of “political jaywalking” and its impact on trust in U.S. elections. 🔹 The Future of Blockchain Voting: Could blockchain-based voting bring transparency to elections? The crew weighs in on the feasibility and timing of decentralized voting. 🔹 Bitcoin's Role in Macro Trends: With U.S. debt surging, Mike and Shaun share their thoughts on Bitcoin as a hedge, whether Trump or Harris takes office. 🔹 The Crypto Political Machine: A look at how crypto insiders engage with political campaigns and the industry’s impact on down-ballot races. 🔹 Wildcard Assets: How a national Bitcoin reserve might impact U.S. fiscal policy – could it ever happen under Harris? Hosts ⭐️ [Robert Leshner] (https://twitter.com/Rleshner) , CEO & Co-founder of Superstate Guests ⭐️ [Mike Novogratz] (https://x.com/novogratz) , CEO of Galaxy ⭐️ [Shaun Maguire] (https://x.com/shaunmmaguire) , general partner at Sequoia Capital [Disclosures] (http://choppingblock.xyz) Timestamps  ---00:00 Introduction ---02:03 Shaun’s Argument for Trump ---05:10 Mike's Argument for Harris ---11:10 Political Bias and Prediction Markets ---18:25 Flynn & Political Jaywalking ---24:26 Macroeconomic Implications for Crypto ---30:29 Bitcoin Price Predictions Post-Election ---32:38 Gold & Central Bank Dynamics ---34:41 Nation States & Bitcoin Reserves ---37:35 Military Technology & Future Dominance ---39:10 Presidential Campaign Issues & AI ---47:44 Election Integrity & Blockchain Voting ---53:17 Crypto's Influence in Politics ---56:42 $WLFI Endeavors ---01:00:17 Closing Thoughts Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

03 Nov 2024

1 HR 02 MINS

1:02:43

03 Nov 2024

#759

How Arthur Hayes Has Prepared His Portfolio for the Elections - Ep. 728

As the 2024 U.S. election draws near, the crypto market is buzzing with speculation on what’s next. Arthur Hayes, co-founder of BitMEX, joins Unchained to discuss how Bitcoin and altcoins might react depending on who wins. Hayes shares his insights on election trade strategies, from the importance of sticking to the majors to his preference for Solana over Ethereum in the short term. He also dives into whether Trump will fulfill his promises to the crypto community and drops a banger explanation on what could be the next Federal Reserve move. (Hint: it’s not about interest rates.)  Plus, Unchained reporter Veronica Irwin joins the show to discuss her latest scoops on Stand With Crypto’s scoring system and SEC Commissioner Hester Peirce’s stance on whether she would want to become Chair of the agency in replacement of Gary Gensler. Show highlights: ---   01:39 How the market could react based on the election outcome ---   03:53 Has a Trump win been priced in? What if there’s no clear winner? ---   06:30 Arthur’s short-term trade strategy for the elections ---   13:00 Will Bitcoin surge, and is an altcoin rotation coming? ---   16:52 Why Arthur favors SOL over ETH right now ---   21:28 Whether Layer 2s are parasitic to Ethereum ---   24:19 Could crypto regulation reform come after the election? ---   26:12 Whether Trump would deliver on his promises to the crypto community ---   29:45 The election outlook for memecoins ---   30:52 Why traders should focus on high-cap AI memecoins ---   36:41 Why Arthur believes the Fed need to restart quantitative easing ---   47:55 How much money China will print to tackle its property crisis ---   52:21 Arthur’s take on Japan’s political shift and economic impact ---   54:44 Whether Stand With Crypto has been honest with the crypto community ---   56:20 A potential conflict of interest of one of the top executives ---   56:58 Stand With Crypto’s affiliation with PAC Fairshake ---   1:04:19 Whether Hester Peirce will become SEC Chair if Trump wins ---   1:08:27 Crypto News Recap Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest --- [Arthur Hayes] (https://x.com/CryptoHayes) , Co-Founder of BitMEX and CIO at Maelstrom ---Previous appearances on Unchained:  --- [Arthur Hayes and Will Clemente on How This Bitcoin Halving Is Different] (https://unchainedcrypto.com/arthur-hayes-and-will-clemente-on-how-this-bitcoin-halving-is-different/) --- [Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He Loves] (https://unchainedcrypto.com/arthur-hayes-on-why-bitcoin-is-money-and-eth-is-a-shitcoin-he-loves/) --- [Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH ] (https://unchainedcrypto.com/arthur-hayes-former-ethereum-skeptic-on-why-the-merge-makes-him-bullish-on-eth-ep-393/) --- [Arthur Hayes of Bitmex on Why Countries Will Turn to Digital] (https://unchainedcrypto.com/arthur-hayes-of-bitmex-on-why-countries-will-turn-to-digital-cash-ep-63/) --- [The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks] (https://unchainedcrypto.com/the-chopping-block-arthur-hayes-on-why-crypto-needs-to-ditch-the-banks/) --- [How Crypto and Blockchain Technology Could Change Financial Services] (https://unchainedcrypto.com/how-crypto-and-blockchain-technology-could-change-financial-services-ep-97/) Links ---Unchained:  --- [Why You Might Have to Wait a Little Longer for a Crypto Bull Market] (https://unchainedcrypto.com/why-you-might-have-to-wait-a-little-longer-for-a-crypto-bull-market/) --- [What Needs to Happen for Altcoins to Finally Pump: Report] (https://unchainedcrypto.com/what-needs-to-happen-for-altcoins-to-finally-pump-report/) ---Arthur’s latest [blog post] (https://cryptohayes.substack.com/p/lets-go-bitcoin) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

01 Nov 2024

1 HR 21 MINS

1:21:02

01 Nov 2024

#758

The Chopping Block: AI Memecoins, Trump’s Token Flop, & Ethereum’s Malaise - Ep. 727

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner slice into the juiciest topics in crypto. This week, the crew tackles everything from AI-powered memecoins and the explosive rise of GOAT token to the ongoing rivalry between Ethereum and Solana. They break down the appeal of AI-driven assets, analyze Trump’s World Liberty Finance flop, and debate whether Ethereum’s current fragmentation is hurting its narrative. With Halloween thrills and market chills, this episode delivers insider insights on the trends pushing crypto forward. Show highlights 🔹 GOAT Token Madness: The latest in AI memecoin hype and how GOAT token captured the attention of investors and Twitter alike. 🔹 Memecoin Stagecraft: Are AI-driven coins here to stay, or is it all clever stagecraft? Our thoughts on the future of AI-based assets.  🔹 AI Meets Memecoins: Is character-driven AI the secret sauce in building compelling memecoins? Exploring the potential of charismatic, interactive assets.  🔹 World Liberty Finance Flop: Trump's crypto token sale misses the mark—are accredited investor rules and lack of memes to blame?  🔹 Trump’s Role in Crypto: How Trump’s “hands-off” approach may have impacted World Liberty’s slow start.  🔹 Ethereum vs Solana: Ethereum’s current challenges and Vitalik’s roadmap defense—can Ethereum reclaim its narrative from Solana’s simpler, single-layer approach?  🔹 Fragmentation in Ethereum’s Ecosystem: How Ethereum’s L2 rollup competition might be confusing new users and hurting its narrative. Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing Partner at Dragonfly  ⭐️ [Tom Schmidt] (https://twitter.com/tomhschmidt) , General Partner at Dragonfly ⭐️ [Robert Leshner] (https://twitter.com/Rleshner) , CEO & Co-founder of Superstate ⭐️ [Tarun Chitra] (https://twitter.com/tarunchitra) , Managing Partner at Robot Ventures [Disclosures] (http://choppingblock.xyz) Timestamps ---00:00 Intro ---02:12 The Rise of GOAT Token ---11:41 The Future of AI Coins & Meme-Based Value ---21:50 The Importance of Attention in Crypto ---23:53 Trump's World Liberty Finance Token Sale ---31:24 Ethereum's Struggles and Vitalik's Response Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

31 Oct 2024

42 MINS

42:25

31 Oct 2024

#757

It’s Not Just the Presidency. Congressional Races Matter a Lot for Crypto - Ep. 726

[Subscribe to Unchained’s new regulatory newsletter Unregulated.] (https://unchainedcrypto.substack.com/s/unregulated) With the presidential race in the spotlight, it’s easy to overlook the powerful role that Congress could play in shaping crypto policy in the coming years. From committee chairs to legislative allies, crypto advocates are keenly focused on the outcome of key Congressional races. Kristin Smith of the Blockchain Association and Alex Grieve of Paradigm join us today to break down which races and committees are critical for crypto, why the industry is more visible in Washington than ever, and what the chances are for lame duck legislation this year.  Read more: [How Congressional Committee Leadership Could Shake Out for Crypto This Election] (https://unchainedcrypto.com/how-congressional-committee-leadership-could-shake-out-for-crypto-this-election/) Show highlights: ---Why this election is “incredibly important” for crypto  ---How the presence of Fairshake is increasingly noticed by Washington ---Why some committees are more important than others for the industry ---Why the Senate Banking Committee is key ---Whether Alex and Kristin are concerned about Sen. Warren becoming chair of the Senate Banking Committee ---What could happen to the House Financial Services Committee ---Who is likely to take on both of the Agricultural Committees, which is in charge of the CFTC ---How the Senate Commerce affects the crypto industry ---How the members of the House Energy Committee don’t have a strong stance on crypto ---What the stance of the Finance Committee on crypto is ---Why there is an opportunity in the House Ways and Means Committee ---Whether crypto tax legislation is in the works ---Who could be the SEC Chair under a Trump or Harris presidency ---Who could be the next Chair of the CFTC ---Whether Yellen will be replaced on Treasury, with many pro-crypto options on tap ---Why the Federal Reserve matters much more if they get to regulate stablecoins ---What the odds are for crypto legislation being passed this year Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) --- [Robinhood & Arbitrum] (https://robinhood.com/web3-wallet/) Guests: --- [Kristin Smith] (https://x.com/KMSmithDC) , CEO of the Blockchain Association ---Kristin’s Op-ed on Unchained: [In the Ongoing SAB 121 Fight, Here’s How Crypto Can Move Forward With Bipartisan Support] (https://unchainedcrypto.com/in-the-ongoing-sab-121-fight-heres-how-crypto-can-move-forward-with-bipartisan-support/) ---Previous appearances on Unchained: --- [Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End ] (https://unchainedcrypto.com/kristin-smith-on-why-crypto-legislation-could-be-passed-by-years-end-ep-404/) --- [Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky] (https://unchainedcrypto.com/can-crypto-be-a-force-in-the-midterms-yes-say-kristin-smith-and-jake-chervinsky/) --- [What the Crypto Industry Could See Under a Biden Administration] (https://unchainedcrypto.com/what-the-crypto-industry-could-see-under-a-biden-administration/) --- [Alexander Grieve] (https://x.com/AlexanderGrieve) , VP of Government Affairs at Paradigm Links ---Previous coverage of Unchained on the elections: --- [With Rate Cuts and Upcoming Elections, What’s the Best Play in Crypto?] (https://unchainedcrypto.com/with-rate-cuts-and-upcoming-elections-whats-the-best-play-in-crypto/) --- [Why Congressman Ro Khanna Is Hopeful the Democratic Party Will Embrace Crypto] (https://unchainedcrypto.com/why-congressman-ro-khanna-is-hopeful-the-democratic-party-will-embrace-crypto/) --- [Why Gary Gensler Will Likely Be Out as SEC Chair No Matter Who Wins the Election] (https://unchainedcrypto.com/why-gary-gensler-will-likely-be-out-as-sec-chair-no-matter-who-wins-the-election/) --- [Congressman French Hill on Crypto and His Top Pick for the Next SEC Chair] (https://unchainedcrypto.com/congressman-french-hill-on-crypto-and-his-top-pick-for-the-next-sec-chair/) Timestamps:  ---00:00 Intro ---01:55 Why this election is pivotal for crypto ---04:50 How Fairshake’s presence is catching Washington’s eye ---16:39 Which committees matter most for crypto? ---22:49 Why the Senate Banking Committee is crucial ---28:54 Concerns about Sen. Warren as potential chair? ---38:15 Possible shifts in the House Financial Services Committee ---41:47 Who could control the Agricultural Committees and CFTC oversight? ---47:35 How the Senate Commerce Committee impacts crypto ---51:04 House Energy Committee’s stance on crypto ---53:21 Finance Committee’s crypto perspective ---55:03 Opportunities in the House Ways and Means Committee ---57:28 Is crypto tax legislation in the works? ---1:01:23 Potential SEC Chairs under Trump or Harris ---1:03:57 Who could be the next CFTC Chair? ---1:05:46 Will Yellen be replaced with a pro-crypto Treasury option? ---1:08:06 Why the Fed’s role could be pivotal for stablecoin regulation ---1:10:46 Odds of crypto legislation passing this year Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

29 Oct 2024

1 HR 17 MINS

1:17:03

29 Oct 2024

#756

The Backstory of How 3 AI Agents Led to the Rise of the Hottest Memecoin, GOAT - Ep. 725

Subscribe to our new regulatory newsletter Unregulated: https://unchainedcrypto.substack.com/s/unregulated The two-week-old GOAT memecoin, which hit a market cap of almost $880 million on Thursday, is captivating everyone in crypto. Not because this is memecoin szn, but because its rise was fueled by an AI called Truth Terminal, which is itself a baby of two other AI models.  Teng Yan, founder of Chain of Thought, joins Unchained to break down how this unexpected AI creation has turned into a phenomenon, why it has captured the attention of the crypto world, and what the future holds for AI-driven tokens.  At the end, Laura also discusses with Unchained’s regulatory reporter Veronica Irwin two interesting and important news stories: who Kamala Harris is vetting for SEC chair and how one Senate race could inadvertently give Senator Elizabeth Warren more power over crypto.  Show highlights: ---How an AI experiment unexpectedly led to the creation of GOAT and sparked interest in AI-generated subcultures ---How "Terminal of Truth" evolved its own personality, gained attention from Marc Andreessen, and began posting about a new "Goat Sea gospel" religion ---How the spelling mistake sparked skepticism about the AI model ---What happened with the $50,000 in BTC that Marc Andreessen gave to Truth Terminal ---Whether an AI can have its own wallet and what the implications are  ---Whether AI memecoins could start surging on other chains ---What we can expect in terms of the proliferation of AI memecoins ---What the future looks like for the intersection of crypto and AI ---Who Kamala Harris is considering for SEC Chair if she wins the U.S. election ---Why one Senate race could give Elizabeth Warren more power over crypto Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest --- [Teng Yan] (https://x.com/0xPrismatic) , Founder of Chain of Thought ---Teng’s article: [GOAT: The Gospel of Goatse] (https://x.com/0xPrismatic/status/1849057159704871104)   Links ---Previous coverage of Unchained on GOAT: --- [GOAT Hits a Record $879 Million Market Cap After Brian Armstrong Offers to Help Truth Terminal] (https://unchainedcrypto.com/goat-hits-a-record-879-million-market-cap-after-brian-armstrong-offers-to-help-truth-terminal/) --- [GOAT: How AI Agents Talking Turned Into a $268 Million Memecoin 'Religion'] (https://unchainedcrypto.com/goat-how-ai-agents-talking-turned-into-a-268-million-memecoin-religion/) --- [Infinite backrooms] (https://dreams-of-an-electric-mind.webflow.io/) ---Andy : [https://x.com/AndyAyrey] (https://x.com/AndyAyrey) ---Andy Ayrey's (creator of Truth Terminal) [research paper] (https://pdfupload.io/docs/aae14f87) on LLMtheism:  ---Truth Terminal's [X account] (https://x.com/truth_terminal)   ---Kaito: GOAT’s [mindshare] (https://x.com/_kaitoai/status/1849354273328447607) Timestamps:  ---00:00 Intro ---01:28 How an AI experiment led to the creation of GOAT ---06:16 The rise of “Terminal of Truth” and its unexpected evolution ---11:57 How a simple spelling mistake raised skepticism ---20:09 What happened to the $50,000 in BTC from Marc Andreessen? ---21:06 Whether AI models can have their own wallets ---24:17 Whether AI memecoins will surge on other chains ---26:19 What’s next for the rise of AI memecoins ---28:35 The future of AI and crypto’s intersection ---31:39 Who Kamala Harris may consider for SEC Chair ---34:12 How one Senate race could boost Elizabeth Warren’s power over crypto ---40:33 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

25 Oct 2024

51 MINS

51:01

25 Oct 2024

#755

The Chopping Block (feat. Anatoly): Solana's Second Act, SVM vs EVM, & Extension Dilemma - Ep. 724

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner slice into the juiciest topics in crypto. In this episode, the crew is joined by special guest Anatoly Yakovenko, the mastermind behind Solana, for a deep dive into the network’s evolution and future. The conversation kicks off with a look at Solana's rapid rise from its rocky early days to its current status as a blockchain powerhouse. They debate the role of memecoins in Solana’s ecosystem and whether they’re here to stay or just a passing craze. Next, Anatoly opens up about Fire Dancer’s impact on the network’s scaling and performance, sparking a broader discussion about vertical vs. horizontal scaling. Finally, they explore Solana’s ambitious push into the mobile space with the Seeker phone and its implications for the broader crypto industry. Packed with expert insights, bold predictions, and a few surprises, this episode is a must-listen for anyone following the future of blockchain. Listen to the episode on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/unchained/id1123922160) , [ Spotify] (https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf) , [ Overcast] (https://overcast.fm/itunes1123922160/unchained) , [ Podcast Addict] (https://podcastaddict.com/podcast/4129535) , [ Pocket Casts] (https://pca.st/podcast/bb16e6b0-1469-0134-a447-13e6b3913b15) , [ Pandora] (https://www.stitcher.com/podcast/forbes-podcast-network/unchained-big-ideas-from-the-worlds-of-blockchain-and-fintech) , [ Castbox] (https://castbox.fm/channel/Unchained-id1370321) , [ Google Podcasts] (https://www.google.com/podcasts?feed=aHR0cDovL3VuY2hhaW5lZC5saWJzeW4uY29tL3VuY2hhaW5lZA%3D%3D) , [TuneIn] (https://tunein.com/podcasts/Business-News/Unchained-Big-Ideas-From-The-Worlds-Of-Blockchain-p887100/) [, Amazon Music] (https://music.amazon.com/podcasts/f5ec630d-4dfa-4e73-baca-3f5062927c55/unchained?refMarker=null) , or on your favorite podcast platform. Show highlights 🔹 Solana’s Rise: Solana’s journey from early turbulence to becoming a blockchain powerhouse. 🔹 Memecoin Frenzy: The explosive growth of memecoins on Solana and their impact on the ecosystem. 🔹 Fire Dancer Impact: How Fire Dancer could revolutionize Solana’s scalability and performance. 🔹 Vertical vs Horizontal Scaling: Is Solana’s vertical scaling approach stronger than Ethereum’s rollups? 🔹 Seeker Phone: Solana’s ambitious push into mobile with the Seeker phone and its potential disruption of the app store landscape. 🔹 ETHOS Phone: How does Ethereum’s new phone compare to Solana’s mobile vision? 🔹 Network Extensions: The introduction of network extensions and whether they align with Solana’s long-term vision. 🔹 App Chains: Could the rise of app-specific chains lead to fragmentation or strengthen Solana’s ecosystem? 🔹 Developer Experience: The challenges of Solana’s development environment and their impact on innovation. 🔹 Ethereum Rivalry: With both networks advancing, how is the competition between Solana and Ethereum shaping up? Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing Partner at Dragonfly  ⭐️ [Tom Schmidt] (https://twitter.com/tomhschmidt) , General Partner at Dragonfly  ⭐️ [Tarun Chitra] (https://twitter.com/tarunchitra) , Managing Partner at Robot Ventures Special Guest ⭐️ [Anatoly Yakovenko] (https://x.com/aeyakovenko) , Co-Founder & CEO Solana Labs [Disclosures] (http://choppingblock.xyz) Timestamps  ---00:00 Intro ---02:56 TCB’s Criticisms ---05:12 Evolution of Solana's Ecosystem ---17:36 Solana's Competition ---22:05 What Is Solana's Moat? ---28:31 The Role of Atomicity and Composability ---34:11 Network Extensions ---44:20 First Mover vs. Second Cohort ---48:44 Future of Asset Types and Content ---52:49 Developer Experience and Token Implementations ---1:00:38 Solana Phone vs. EthOS ---1:09:16 Thoughts and Criticism Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

24 Oct 2024

1 HR 17 MINS

1:17:19

24 Oct 2024

#754

Bits + Bips: The Real ‘Trump Trade’ & Why Trump's World Liberty Financial Was a Flop - Ep. 723

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Jeff Park of Bitwise to discuss some of the latest developments in the crypto world. They share their thoughts on a controversial ECB paper about Bitcoin, breaking down why they believe the authors missed the mark. They also dive into the rising institutional interest in spot Bitcoin ETFs and how Trump’s momentum in the polls could impact the market, especially for altcoins. Plus, the conversation explores the significance of Bitcoin ETF options and why they could have a larger impact than many expect. Show highlights: ---Why the guys believe that the ECB paper on Bitcoin is a joke ---How the Minneapolis Fed report said that prohibiting Bitcoin would allow the government to operate at permanent deficits  ---The institutional demand for spot bitcoin ETFs ---How Trump has been rising in the polls and what the Trump trade looks like at the moment ---Whether polls and Poylmarket bets on the U.S. elections are manipulated ---How the Fed is putting more focus on jobs than inflation ---When the bitcoin ETF options might launch and which issuers will get it first ---How memecoins succeed and the rise of AI memecoins like GOAT, fueled by the AI bot truth_terminal ---What the $1.1 billion acquisition by Stripe of stablecoin company Bridge means  ---Why Donald Trump’s World Liberty Financial token sale was a flop Sponsors: --- [Gemini] (http://gemini.com/unchained) --- [Stellar] (http://stellar.org/)   Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [Alex Kruger] (http://x.com/krugermacro) , Founder of Asgard --- [Joe McCann] (http://x.com/joemccann) , Founder, CEO, and CIO of Asymmetric Guest: --- [Jeff Park,] (https://x.com/dgt10011) Head of Alpha Strategies at Bitwise Links ---ECB paper on bitcoin: [Bitcoin Appreciation Could Be ‘Fuelling The Division Of Society’] (https://www.forbes.com/sites/digital-assets/2024/10/20/ecb-bitcoin-appreciation-could-be-fuelling-the-division-of-society/) ---Omid Malekan’s [rebuttal to the paper by Bindseil & Schaaf (of the ECB)] (https://omid-malekan.medium.com/bitcoin-has-plenty-of-utility-a-rebuttal-to-the-the-distributional-consequences-of-bitcoin-by-42b9672c7fa1) ---Minneapolis Fed report: [Unique Implementation of Permanent Primary Deficits? | Federal Reserve Bank of Minneapolis] (https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits) ---Alex Kruger’s [tweet] (https://x.com/krugermacro/status/1847172310249168935) on memecoins  ---Alex Thorn’s [tweet] (https://x.com/intangiblecoins/status/1848424042635600307) on bitcoin adjusted by inflation Timestamps: ---00:00 Intro ---03:08 Why the ECB’s Bitcoin paper missed the mark ---10:17 Political motivations behind the Minneapolis Fed report on Bitcoin ---14:18 Rising institutional demand for spot Bitcoin ETFs ---21:38 How Trump’s poll momentum could impact crypto ---32:14 Are election polls and Polymarket bets manipulated? ---43:36 Why the Fed is prioritizing jobs over inflation ---52:37 When will Bitcoin ETF options launch? ---1:01:08 What makes memecoins, including AI memecoins like GOAT, succeed? ---1:13:00 The significance of Stripe’s $1.1 billion crypto deal ---1:18:02 Why the WLFI token sale was a “flop” Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

23 Oct 2024

1 HR 25 MINS

1:25:00

23 Oct 2024

#753

How This Stablecoin Business in Africa Is Taking on SWIFT and Big Banks - Ep. 722

Africa is quickly becoming one of the most dynamic regions for crypto adoption, but the story unfolding there is very different from what many in the West might imagine.  Chris Maurice, co-founder and CEO of Yellow Card, joins the show to share how stablecoins are already transforming businesses across the continent, solving real-world problems, and taking on SWIFT. Plus, he explains why USDT is the stablecoin of choice there.  He also dives into the long-term economic impact of crypto adoption and explains why anyone serious about business should be paying close attention to Africa.  Show highlights: ---What Yellow Card is and the focus on U.S. Dollar stablecoins ---The complexities of doing business in Africa ---Which African countries have the highest rate of adoption ---Chris’s background and his fun story of how he got into working in Africa ---How operating a company in Africa is different from other places ---Why Yellow Card is currently operating with three stablecoins, and the dominance of USDT ---Why Yellow Card only offers centralized stablecoins ---Why everyone should pay more attention to the continent, according to Chris Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) --- [Robinhood & Arbitrum] (https://robinhood.com/web3-wallet/) Guest: --- [Chris Maurice] (https://x.com/chrismaurice) , cofounder and CEO of Yellow Card Links ---Previous coverage of Unchained on stablecoins and emerging markets:  --- [Anita Posch on Why ‘Bitcoin Is a Tool for Freedom’ – Especially in Africa] (https://unchainedcrypto.com/anita-posch-on-why-bitcoin-is-a-tool-for-freedom-especially-in-africa/) --- [6 Stablecoins That Are Driving the Sector’s Two-Year High in Market Capitalization] (https://unchainedcrypto.com/6-stablecoins-that-are-driving-the-sectors-two-year-high-in-market-capitalization/) ---Castle Island Ventures’ report: [Stablecoins: The Emerging Market Story] (https://castleisland.vc/writing/stablecoins-the-emerging-market-story/) Timestamps:  ---00:00 Intro ---02:03 What Yellow Card is and why it focuses on U.S. dollar-denominated stablecoins ---04:31 The complexities of doing business in Africa ---10:42 Which African countries have the highest crypto adoption ---19:17 How Chris got into working in Africa ---25:11 How operating in Africa differs from other regions ---32:42 Why USDT dominates Yellow Card’s stablecoin business ---38:31 Why Yellow Card only uses centralized stablecoins ---39:22 Does Africa deserve more attention? Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

22 Oct 2024

44 MINS

44:26

22 Oct 2024

#752

What's a Fair Value for Crypto Networks Like BTC, ETH and SOL? - Ep. 721

How do you determine the value of decentralized networks like Bitcoin, Ethereum, or Solana? It’s not as straightforward as traditional investments. Jon Charbonneau, general partner at crypto investment firm DBA, joins Unchained after writing a paper that dives deep into the complexities of valuing blockchain networks. He explains why applying traditional equity models to networks such as Bitcoin falls short, how tax inefficiencies in staking rewards impact valuations, and whether Layer 2 solutions like Optimism and Arbitrum are helping or hurting the long-term value of Layer 1 blockchains. Also, he looks at the big question—are these networks sustainable in the long run? Show highlights: ---What motivated Jon to write the paper ---What the main points of the paper are ---Why tax inefficiencies in staking rewards are a critical factor in valuing decentralized networks and how they differ from traditional corporate taxes ---What makes valuing networks tricky, as Jon explains how proof-of-work vs. proof-of-stake systems differ from traditional equity models ---How he thinks about valuing Layer 2s and whether they are parasitic to the L1 ---Whether blockchains are sustainable in the long term Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest --- [Jon Charbonneau] (https://x.com/jon_charb?lang=en) , co-founder and General Partner at DBA --- [L1 & L2 Token Value Capture] (https://dba.xyz/l1-l2-token-value-capture/) Links ---Previous coverage of Unchained on this topic: --- [How to Figure Out Whether a Crypto Token Is Worth Its Trading Price] (https://unchainedcrypto.com/how-to-figure-out-whether-a-crypto-token-is-worth-its-trading-price/) --- [ETH Is Down Bad, While Layer 2s Are Ripping. Are L2s Parasitic to Ethereum?] (https://unchainedcrypto.com/eth-is-down-bad-while-layer-2s-are-ripping-are-l2s-parasitic-to-ethereum/) --- [Are Layer 2s Parasitic to Ethereum and ETH as an Asset?] (https://unchainedcrypto.com/are-layer-2s-parasitic-to-ethereum-and-eth-as-an-asset/) --- [Are L2s ‘Parasitic’? Analysis Shows Ethereum Only Gets a Tiny Percentage of Fees] (https://unchainedcrypto.com/are-l2s-parasitic-analysis-shows-ethereum-only-gets-a-tiny-percentage-of-fees/) --- [Ether-Bitcoin Ratio Is at Multi-Year Lows, But It’s Just ‘Temporary’ and an ‘Opportunity’] (https://unchainedcrypto.com/ether-bitcoin-ratio-is-at-multi-year-lows-but-its-just-temporary-and-an-opportunity/) Timestamps:  ---00:00 Intro ---01:25 What sparked Jon's interest in this topic? ---03:35 Key takeaways from the paper ---08:30 How staking taxes could change the game ---13:46 Why traditional models fail for blockchain ---20:10 Are Layer 2s helping or hurting Layer 1s? ---26:51 Can blockchains survive long term? ---29:20 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

18 Oct 2024

40 MINS

40:12

18 Oct 2024

#751

The Chopping Block: Memecoin Frenzy, Unichain Reaction, & Kamala’s Crypto Agenda - Ep. 720

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner slice into the juiciest topics in crypto. In this episode, the crew dives headfirst into the “Memecoin Supercycle,” sparking a debate on whether these wild, meme-powered coins are just a fleeting obsession or a genuine revolution. They then dissect Uniswap’s bold leap to launch its own chain on the Optimism Superchain, asking if this move could steal the spotlight from Ethereum and forever reshape the DeFi landscape. And just when you think it’s all about tech, they dive into Kamala Harris’ latest crypto play, with an eyebrow-raising appeal to memecoin investors. From soaring hype to DeFi drama and political power moves, this episode is packed with hot takes, spicy predictions, and a glimpse at what might lie ahead in the world of crypto. Show highlights 🔹 “Memecoin Supercycle” and whether memecoins are on track to overtake traditional altcoins as they fuel a new wave of financial speculation. 🔹 Unichain: Uniswap’s bold move to launch its own chain on the Optimism Superchain, questioning whether this could pull DeFi liquidity away from Ethereum and reshape the crypto ecosystem. 🔹 Kamala Harris’ unexpected crypto appeal in her new “opportunity agenda for Black men,” which includes a vague promise for regulatory protection for digital assets. 🔹 Memecoins vs. VC Coins: Murad’s thesis on memecoins outshining VC-backed tokens sparks a heated debate on whether financial nihilism is driving this trend and what it means for the future of crypto investing. 🔹With the new Unichain possibly diverting DeFi liquidity, the crew ponders whether Ethereum is at risk of losing its dominance as the “home of DeFi.” Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing Partner at Dragonfly  ⭐️ [Tom Schmidt] (https://twitter.com/tomhschmidt) , General Partner at Dragonfly ⭐️ [Robert Leshner] (https://twitter.com/Rleshner) , CEO & Co-founder of Superstate ⭐️ [Tarun Chitra] (https://twitter.com/tarunchitra) , Managing Partner at Robot Ventures [Disclosures] (http://choppingblock.xyz) Timestamps  ---00:00 Intro ---2:10 The Memecoin Supercycle ---9:13 VC Coins vs. Memecoins ---25:30 Unichain: A New Era for Uniswap ---31:51 Token Issuance on Ethereum vs. L2s ---35:59 Uniswap's Future and Asset Creation ---38:30 Predictions for Unichain's Impact ---44:11 Retail Flow and MEV Extraction ---53:31 Kamala Harris' Crypto Policy ---56:05 Trump vs. Harris Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

16 Oct 2024

1 HR 03 MINS

1:03:04

16 Oct 2024

#750

2 Crypto Investors on Why They Believe DeFi Is Poised for a Bull Run - Ep. 719

DeFi tokens have faced significant challenges in recent years. However, are we now on the verge of a new bull market? Arthur Cheong, founder and CIO of DeFiance Capital, and Jordi Alexander, founder of Selini Capital and chief alchemist at Mantle, join the show to discuss why they believe DeFi is poised for growth. They dive into how DeFi's security and user experience have improved, the impact of Layer 2 solutions on Ethereum, and whether Ethereum or Solana will drive the next bull run. Plus, they discuss whether interest in memecoins takes attention from DeFi, and why sustainable tokenomics matters when it comes to valuing coins.  Are DeFi tokens finally ready to shine again? Show highlights: ---Why they believe that DeFi is poised for a bull cycle  ---How DeFi's security and UX have improved ---Whether DeFi activity can be sustained in the long term ---Why Jordi thinks that Layer 2s are not parasitic to ETH but Arthur thinks they are ---Whether the DeFi bull case is stronger on Ethereum, Solana or other chains ---Whether the Ethereum Foundation and Vitalik Buterin should be more proactive in supporting DeFi ---How memecoins reflect a broader societal problem  ---The importance of tokens that don’t have big unlocks ---How the lack of solid frameworks for valuing tokens might be causing capital misallocation in crypto ---Whether a liquid venture investing approach is better for crypto ---Why Jordi says that there’s a lot of “potential to unlock” with the overlap of Bitcoin and DeFi Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) Guests: --- [Arthur Cheong] (https://x.com/Arthur_0x) , founder and CIO of DeFiance Capital --- [Aave, the Core Pillar of Decentralized Finance and Onchain Economy] (https://writing.defiance.capital/aave-the-core-pillar-of-decentralized-finance-and-onchain-economy-34c0a2bf8483) --- [Liquid Venture Investing in Crypto] (https://writing.defiance.capital/liquid-venture-investing-in-crypto-59190f1514f2) --- [Jordi Alexander] (https://x.com/gametheorizing) , Chief Alchemist at Mantle, Founder of Selini Capital Links ---Previous coverage of Unchained on this cycle & DeFi : [Has Decentralized Finance Hit Bottom?] (https://unchainedcrypto.com/has-decentralized-finance-hit-bottom/) ---Kain Warwick’s [tweet] (https://x.com/kaiynne/status/1821020189594669398) on Vitalik being anti-DeFi ---Cointelegraph: [Vitalik Buterin responds to criticism that Ethereum ‘doesn’t care’ about DeFi] (https://cointelegraph.com/news/vitalik-buterin-defends-defi-after-critique) --- [The great return of DeFi] (https://x.com/tradetheflow_/status/1838477764183064860) , by @tradetheflow Bitcoin DeFi --- [Bitcoin Layer 2s Aim to Attract Ethereum-Like Dapps. Will They Succeed?] (https://unchainedcrypto.com/bitcoin-layer-2s-aim-to-attract-ethereum-like-dapps-will-they-succeed/) --- [Bitcoin Is Worth Over $1 Trillion. How Much Will Coinbase’s New cbBTC Grab?] (https://unchainedcrypto.com/bitcoin-is-worth-over-1-trillion-how-much-will-coinbases-new-cbbtc-grab/) L2s and ETH: --- [ETH Is Down Bad, While Layer 2s Are Ripping. Are L2s Parasitic to Ethereum?] (https://unchainedcrypto.com/podcast/eth-is-down-bad-while-layer-2s-are-ripping-are-l2s-parasitic-to-ethereum/) --- [Are L2s ‘Parasitic’? Analysis Shows Ethereum Only Gets a Tiny Percentage of Fees] (https://unchainedcrypto.com/are-l2s-parasitic-analysis-shows-ethereum-only-gets-a-tiny-percentage-of-fees/) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

15 Oct 2024

1 HR 11 MINS

1:11:27

15 Oct 2024

#749

FTX's Ryan Salame Is Going to Prison. Here’s What He Has to Say - Ep. 718

Ryan Salame, the former CEO of FTX Digital Markets, is headed to prison, but not before sharing his side of the story. Ryan talks candidly about the decisions he made at FTX, why he withdrew millions of dollars worth of assets in the days leading up to its bankruptcy, and the backstory behind the Thai prostitute trading scheme to unfreeze Alameda’s funds in China. He also disputes the claims about his campaign finance violations, while explaining why he thinks Caroline Ellison is “at least as guilty as SBF” and that Nishad Singh lied. Show highlights: ---Ryan’s life pre-FTX and how he got into crypto ---His three attempts to quit working at FTX ---How Ryan committed campaign finance violations ---Why Ryan disputes claims that FTX misled banks and misused customer funds ---How Ryan was involved in setting up trading accounts with the identities of Thai prostitutes to unfreeze Alameda’s funds ---Whether Ryan was involved in bribing a Chinese official ---Why he withdrew millions of dollars worth of assets from his FTX accounts right before its bankruptcy ---Why Ryan claims he was cooperative with prosecutors, despite common belief ---How he refuses to comment on his wife Michelle Bond's case, but denies wrongdoing ---Why Ryan pleaded the Fifth Amendment ---His allegations that prosecutors lied to his lawyers about whether they would pursue charges against Michelle ---Why he thinks that SBF could have never coerced Caroline Ellison and whether Ellison is “equally guilty” as SBF ---Why Ryan believes Nishad Singh lied to save himself and his take on Gary Wang ---How, if he didn’t know about the fraud, he could be so certain that Caroline or Nishad lied ---Whether the legal advice from FTX’s and Alameda’s lawyers should have been considered in Bankman-Fried's trial ---Whether testimony from more employees could have created reasonable doubt in SBF's trial ---Why Ryan is going to law school ---His plans post-prison ---What Ryan learned from the FTX debacle Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) Guest: --- [Ryan Salame] (https://x.com/rsalame7926) , former CEO of FTX Digital Markets Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

11 Oct 2024

1 HR 45 MINS

1:45:55

11 Oct 2024

#748

The Chopping Block w/ Stani Kulechov: Operation Chokepoint 2.0, Ethereum Innovation Push, & Polymark...

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and special guest Stani Kulechov chop it up about the latest in crypto. In this episode, the crew dives into the latest speculation about Satoshi Nakamoto, spurred by the just-released HBO documentary. They also discuss Ethereum’s big debate over block times and blob storage expansion, exploring whether these changes can keep Ethereum competitive. The conversation gets heated with talk of a Trump whale on PolyMarket, Operation Chokepoint 2.0, and TikTok’s role in onboarding memecoin buyers. Don’t miss this episode packed with crypto conspiracies, performance debates, and insider gossip! Show highlights 🔹 Who is Satoshi? Speculation about the HBO documentary “Money Electric” possibly revealing Satoshi Nakamoto’s identity. 🔹 Trump Betting Whale on PolyMarket: Discussion about a large whale accumulating Trump shares in Polymarket and addresses conspiracy theories. 🔹 MEV Reduction Through Shorter Block Times: Reducing Ethereum’s block times from 12 seconds to 8 seconds could decrease MEV by making arbitrage harder, with potential UX and cost improvements for Ethereum. 🔹 Blob Space Expansion: Increasing Ethereum’s blob storage for rollups might prevent alternative data availability layers like Celestia from gaining ground, raising whether more blob space is necessary. 🔹 Operation Chokepoint 2.0: New revelations suggest that regulators, possibly spurred by Elizabeth Warren, pressured banks to unbank crypto firms without formal rulemaking, with Tom calling it “shocking” how accurate initial speculations were. 🔹 Ethereum’s Future Performance Debate: Stani suggests Ethereum should continue to innovate and improve Layer 1 performance, advocating for faster block times and more radical changes to maintain its competitive edge. 🔹 DeFi Market Dynamics: The panel dives into how competitive decentralized finance platforms like Aave and Compound maintain resilience in an ever-evolving landscape, with Stani commending Robert’s contributions to the space. Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing Partner at Dragonfly  ⭐️ [Tom Schmidt] (https://twitter.com/tomhschmidt) , General Partner at Dragonfly  ⭐️ [Tarun Chitra] (https://twitter.com/tarunchitra) , Managing Partner at Robot Ventures Guest:  ⭐️ [Stani Kulechov] (https://x.com/StaniKulechov) , Founder & CEO Avara [Disclosures] (http://choppingblock.xyz) Timestamps ---00:00 Intro ---01:09 Mainnet Conference Recap ---05:39 HBO & Satoshi Nakamoto ---12:55 Election Betting ---21:24 World Liberty Financial ---31:54 Operation Chokepoint 2.0 Exposed ---39:44 Challenges in Crypto Disclosures ---50:18 Ethereum's Potential Upgrades ---1:03:59 Future of Avara Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

10 Oct 2024

1 HR 07 MINS

1:07:03

10 Oct 2024

#747

Bits + Bips: Why ‘All Assets Will Go Up’ in the Near Future - Ep. 716

As the PBOC and Fed shift their stances on rates and liquidity flows, the macro landscape is evolving rapidly. In this episode of Bits + Bips, we unpack how these policy changes could spark a massive surge across all asset classes—from equities and bonds to Bitcoin and crude oil.  The hosts, joined by Nikos Kargadouris, a seasoned trader, discuss why liquidity is about to flood the markets, why fears of a U.S. recession may be overblown, and how even memecoins could benefit.  Plus, are central banks close to buying bitcoin ETFs? Show highlights: ---How the PBOC's shift in policies impacted the markets and when we’ll see a “bazooka” ---How market complacency and short positions on oil amid geopolitical tensions could lead to mispricing and unexpected volatility ---How rising crude oil prices could slow the U.S. economy, despite the country being a net oil exporter ---How strong payrolls data reduced market expectations of U.S. rate cuts ---Why predictions of a U.S. recession might be off ---Whether it matters for crypto who wins the elections  ---The chances of central banks adopting Bitcoin ---What the outlook for memecoins looks like in the next months ---Whether the HBO documentary about the identify of Satoshi Nakamoto will be a disappointment  Sponsors: --- [Gemini] (http://gemini.com/unchained) --- [Stellar] (http://stellar.org/) Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [Alex Kruger] (http://x.com/krugermacro) , Founder of Asgard --- [Joe McCann] (http://x.com/joemccann) , Founder, CEO, and CIO of Asymmetric Guest: --- [Nikos Kargadouris] (https://x.com/macrowizards) , Chief Investment Officer of a private investment office specializing in cross-asset thematic macro and digital asset strategies. Timestamps: ---00:00 Intro ---02:09 Impact of the PBOC’s policy shift and timing of the “bazooka” ---15:01 Oil mispricing and volatility due to geopolitical tensions ---27:30 Rising oil prices and potential U.S. economic slowdown ---35:51 Strong payrolls reducing expectations for U.S. rate cuts ---44:11 Why U.S. recession predictions might be wrong ---50:10 Can prediction markets reflect U.S. election outcomes? ---56:05 Does the election winner matter for crypto? ---1:04:43 Memecoin outlook for the next months ---1:15:34 Will the HBO documentary disappoint? Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

09 Oct 2024

1 HR 20 MINS

1:20:41

09 Oct 2024

#746

How North Koreans Infiltrated the Crypto Industry to Fund the Regime - Ep. 715

The crypto community is facing a new kind of threat—North Korean devs are infiltrating crypto companies to steal millions and funnel funds back to the regime in order to bypass sanctions.  In this episode, Sam Kessler, CoinDesk’s deputy managing editor for tech and protocols, and Taylor Monahan, security at MetaMask, explain how North Korea has embedded its operatives into the crypto space, the red flags companies should watch for, and what these hackers are doing once inside crypto firms. Plus, they share their most interesting stories about how these hackers have gotten hired at crypto companies and the red flags the industry should know about.  Show highlights: ---What Sam found in his investigation about North Koreans infiltrating the industry ---How Taylor has found that this is a recurring issue ---Why Sam and Taylor refer to these infiltrated workers as ‘IT’ workers ---The most interesting stories that Sam and Taylor have discovered ---The trends in the hiring process that lead to North Koreans being hired and also what the big red flags are ---How “easy it is to de-anonymize” addresses and transactions in blockchains ---What assets and networks these workers often use to get paid ---How, after infiltrating a company, those projects get hacked ---How to deal with a situation in which you’ve already hired North Koreans ---How to protect a protocol from another type of North Korean hack: by hacking groups ---Whether the industry is getting better at security Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) Guests: --- [Sam Kessler] (https://x.com/skesslr) , CoinDesk's deputy managing editor for tech and protocols ---CoinDesk: [How North Korea Infiltrated the Crypto Industry] (https://www.coindesk.com/tech/2024/10/02/how-north-korea-infiltrated-the-crypto-industry/) --- [Taylor Monahan] (https://x.com/tayvano_) , Co-Founder of MyEtherWallet ---Previous appearances on Unchained: --- [The QuadrigaCX Case: Taylor Monahan on What We Know From the Blockchain] (https://unchainedcrypto.com/the-quadrigacx-case-taylor-monahan-on-what-we-know-from-the-blockchain/) --- [MyCrypto's Taylor Monahan on Why She's Not a Fan of ICOs] (https://unchainedcrypto.com/podcast/mycryptos-taylor-monahan-on-why-shes-not-a-fan-of-icos/) Links ---Previous coverage of Unchained on North Korea: --- [Why North Korea Is Interested in Cryptocurrency] (https://unchainedcrypto.com/podcast/why-north-korea-is-interested-in-cryptocurrency/) --- [Yeonmi Park on Why Doing Business With North Korea Is Like Buying a Ticket to a Concentration Camp] (https://unchainedcrypto.com/podcast/yeonmi-park-on-why-doing-business-with-north-korea-is-like-buying-a-ticket-to-a-concentration-camp/) Others: ---DL News: [North Korean hackers are infiltrating crypto job boards in a ‘quiet war’ that rakes in $600m] (https://www.dlnews.com/articles/defi/fake-developers-flood-crypto-job-boards-amid-bull-market/) --- [FBI PSA] (https://www.ic3.gov/Media/Y2024/PSA240903) : North Korea Aggressively Targeting Crypto Industry with Well-Disguised Social Engineering Attacks ---Chainalysis:  --- [2024 Crypto Crime Mid-year Update Part 1: Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder] (https://www.chainalysis.com/blog/2024-crypto-crime-mid-year-update-part-1/) --- [Funds Stolen from Crypto Platforms Fall More Than 50% in 2023, but Hacking Remains a Significant Threat as Number of Incidents Rises] (https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2024/) --- [Russian and North Korean Cyberattack Infrastructure Converge: New Hacking Data Raises National Security Concerns] (https://www.chainalysis.com/blog/north-korea-russia-crypto-money-laundering/) ---ZachXBT: [How Lazarus Group laundered $200M from 25+ crypto hacks to fiat from 2020–2023] (https://zachxbt.mirror.xyz/B0-UJtxN41cJhpPtKv0v2LZ8u-0PwZ4ecMPEdX4l8vE) Timestamps: ---00:00 Intro ---01:59 Sam's findings on North Korean workers infiltrating crypto projects ---04:04 Taylor on the recurring nature of the issue ---09:05 Why they’re referred to as ‘IT’ workers ---16:17 Most interesting infiltration stories ---34:16 Hiring trends and red flags for North Korean operatives ---44:02 How easy it is to de-anonymize blockchain transactions ---51:05  Assets and networks used for payment ---54:06  How infiltrated companies end up getting hacked ---58:36 What to do if you've already hired North Korean operatives ---1:00:21 How to protect a protocol from being hacked ---1:06:22 Is the industry improving in security? Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

08 Oct 2024

1 HR 13 MINS

1:13:28

08 Oct 2024

#745

The Chopping Block: EigenLayer Launch, Celestia Controversy, and Ethereum’s Future - Ep. 714

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. In this episode, the crew dives into Ethereum’s homestaking crisis and its growing competition from high-throughput chains like Solana. They tackle the explosive drama between EigenLayer and Celestia, including the controversial $82 million token sale by VCs. The discussion also covers Ethereum's future, staking rewards, and how restaking could boost its long-term value. Tune in for a deep dive into the challenges and ethical debates shaping the blockchain space right now! Show highlights 🔹 Total Fees in DA: Data availability (DA) layers generate relatively low fees compared to other blockchain networks. 🔹 EigenLayer Token Launch: EigenLayer launched at a $6 billion valuation, sparking drama with Celestia over DA performance. 🔹 VC Staking Practices: Polychain sold $82 million in Celestia staking rewards, raising ethical concerns about token vesting practices. 🔹 Ethereum Homestaking Debate: Ethereum’s focus on homestaking is being questioned as it faces competition from faster, high-throughput chains. 🔹 Ethereum vs. Solana: Ethereum is urged to take growing competition from Solana seriously to maintain its market dominance. 🔹 Restaking for Monetary Premium: Restaking in EigenLayer could significantly boost Ethereum’s value and long-term sustainability. 🔹 Staking Rewards and Inflation: Staking rewards protect investors but can lead to ethical issues with inflation mechanics. 🔹 Scaling Ethereum: Critics suggest Ethereum should increase bandwidth and capital requirements to enhance scalability and performance. Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing Partner at Dragonfly  ⭐️ [Tom Schmidt] (https://twitter.com/tomhschmidt) , General Partner at Dragonfly ⭐️ [Robert Leshner] (https://twitter.com/Rleshner) , CEO & Co-founder of Superstate ⭐️ [Tarun Chitra] (https://twitter.com/tarunchitra) , Managing Partner at Robot Ventures [Disclosures] (http://choppingblock.xyz) Links Disclosures Related to Employee and Investor Staking by EigenLayer [https://docs.eigenlayer.xyz/eigenlayer/information-and-transparency/disclosures] (https://docs.eigenlayer.xyz/eigenlayer/information-and-transparency/disclosures)   “Polychain invested around $20mil in the Series A&B round of Celestia and have already sold over $82 million worth of $TIA just from staking rewards” by @gtx360ti [https://x.com/gtx360ti/status/1839553081773560045] (https://x.com/gtx360ti/status/1839553081773560045)   “I think there's a sane version of this where we recognize that 32 ETH is much more of a barrier than bandwidth reqs” by @VitalikButerin [https://x.com/VitalikButerin/status/1841756178692358587] (https://x.com/VitalikButerin/status/1841756178692358587)   Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

06 Oct 2024

48 MINS

48:54

06 Oct 2024

#744

Bitcoin's Price Dropped After Iran's Attack on Israel. Is ‘Uptober’ Canceled? - Ep. 713

October started with hopes for “Uptober”—a positive price trajectory in October—in the Bitcoin community, since, historically, Bitcoin has performed well this month. But things took a turn when geopolitical tensions in the Middle East escalated, raising concerns about how that could affect Bitcoin’s price this month.  In this episode, André Dragosch, European Head of Research at Bitwise, talks about how Bitcoin typically responds to geopolitical shocks, whether this could present a buying opportunity, and how major events like the U.S. elections might shape Bitcoin’s future. Show highlights: ---How Bitcoin’s reacted to the geopolitical escalations ---Why André believes this is a buying opportunity ---How there was a macro capitulation after the beginning of the unwind of the Japan carry trade in August ---Whether Bitcoin can truly act as a safe haven asset ---How the clientele of ETFs have changed the market structure for Bitcoin ---Whether ‘Uptober’ is canceled ---How Andre expects Bitcoin will perform depending on the winner of the U.S. elections Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest ---André Dragosch, European Head of Research at Bitwise --- [Bitcoin as a Safe-Haven: Hedging Against Geopolitical Risks] (https://etc-group.com/blog/crypto-research/hedging-against-geopolitical-risks-25-07-2024/) Links ---Previous coverage of Unchained on the recent market movements:: --- [Investors Ditch Bitcoin, Scoop Up Gold, as Iran-Israel Tensions Escalate] (https://unchainedcrypto.com/investors-ditch-bitcoin-scoop-up-gold-as-iran-israel-tensions-escalate/) --- [$500 Million Liquidated From Crypto Markets Cools ‘Uptober’ Enthusiasm] (https://unchainedcrypto.com/500-million-liquidated-from-crypto-markets-cools-uptober-enthusiasm/) ---Unchained:  ---Bitwise CIO Matt Hougan’s [thread] (https://x.com/Matt_Hougan/status/1840926328184508672) on how [bitcoin & gold have performed] (https://x.com/Matt_Hougan/status/1840926328184508672) ---BlackRock’s [bitcoin report] (https://www.blackrock.com/us/financial-professionals/literature/whitepaper/bitcoin-a-unique-diversifier.pdf)   Timestamps: ---00:00 Intro ---01:14 How Bitcoin's price reacts to geopolitical tensions ---03:17 Whether this could be a buying opportunity ---08:54 Macro capitulation after the start of the Japan carry trade unwind ---11:02Can Bitcoin act as a safe haven asset? ---16:12 How ETFs have changed Bitcoin's market structure ---20:28 Is ‘Uptober’ canceled? ---24:17 Bitcoin’s future based on U.S. election outcomes ---28:45 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

04 Oct 2024

40 MINS

40:07

04 Oct 2024

#743

Could Bittensor End Up Being the Only Crypto/AI Project That Matters? - Ep. 712

AI and crypto are two of the hottest topics of the decade, but are there any projects truly making waves at the intersection of both? Bittensor, an open-source, decentralized AI network, is positioning itself as a leader in this space, with its TAO token seeing explosive growth and its model challenging traditional centralized AI companies. In this episode, we’re joined by Joseph Jacks, aka JJ, founder of OSS Capital, and Sami Kassab, partner at OSS Capital, to explore why they’ve gone all-in on Bittensor. They discuss how Bittensor works, what makes it different from centralized AI models, and why they believe this project could be transformative for both crypto and AI. Show highlights: ---OSS Capital’s background and how they got to invest in Bittensor ---Why Sami and JJ are bullish on TAO ---What the three roles in the Bittensor ecosystem are ---How new subnets incentivize miners to develop AI models ---Why it’s so expensive to launch a subnet ---Why Bittensor was built on the Polkadot SDK ---The pros and cons of rolling out EVM compatibility  ---What Allora and Commune AI are focused on within the ecosystem ---How Bittensor can compete with the big AI companies  ---The dangers AI poses to humanity and whether Bittensor can mitigate them Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle] (https://meth.mantle.xyz/campaigns) Guests: --- [Joseph Jacks] (https://x.com/JosephJacks_) , Founder and General Partner of OSS Capital --- [Sami Kassab] (https://x.com/Old_Samster) , Partner at OSS Capital Links Previous coverage of Unchained on Crypto/AI:  --- [Erik Voorhees' New Venture: Why AI Desperately Needs Privacy and Uncensorability] (https://unchainedcrypto.com/erik-voorhees-new-venture-why-ai-desperately-needs-privacy-and-uncensorability/) --- [When AI and Blockchain Meet, How Can Each Technology Benefit?] (https://unchainedcrypto.com/when-ai-and-blockchain-meet-how-can-each-technology-benefit/) --- [The Chopping Block: Why AI Will Change the Course of History in Crypto] (https://unchainedcrypto.com/the-chopping-block-why-ai-will-change-the-course-of-history-in-crypto/) Learn more: --- [A Beginner's Guide to AI Tokens] (https://unchainedcrypto.com/ai-tokens/) --- [5 Use Cases of AI in Blockchain] (https://unchainedcrypto.com/use-cases-of-ai-in-blockchain/) Bittensor: ---Bittensor’s [website] (https://bittensor.org/) --- [The game theory of TAO] (https://bittensor.org/the-game-theory-of-bittensor-tao/) ---Nous Research [leaving] (https://x.com/mrink0/status/1838321548035526782) Bittensor  ---Seth Bloomberg’s [tweet] (https://x.com/bloomberg_seth/status/1839058152513482935) on “Bittensor’s Network Effects” --- [Cost] (https://taostats.io/subnets) of building a subnet --- [Commune.ai] (https://communeai.org/) --- [Allora Network] (https://www.allora.network/) Timestamps: ---00:00 Intro ---02:39 Background of OSS Capital and investing in Bittensor ---19:06 Why Sami and JJ are bullish on TAO ---24:51 The three roles in the Bittensor ecosystem ---35:00 How subnets incentivize AI model development ---47:50 Why launching a subnet is expensive ---50:12 Bittensor’s foundation on the Polkadot SDK ---53:00 Pros and cons of EVM compatibility ---1:03:03 Focus areas for Allora and Communi ---1:06:48 How Bittensor competes with big AI companies ---1:09:19 JJ’s take on AI dangers and Bittensor’s role Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

01 Oct 2024

1 HR 20 MINS

1:20:17

01 Oct 2024

#742

Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto - Ep. 711

With Bitcoin ETF options on the horizon, the crypto market is bracing for significant changes. In this episode, Joshua Lim, co-founder and CEO of Arbelos Markets, joins us to explain what the launch of Bitcoin ETF options means for the broader market. Could they unlock vast amounts of capital and set off a new altcoin boom? Josh also dives into the potential effects on Bitcoin volatility, DeFi lending, and even the onchain options markets. Plus, what could the 2024 U.S. presidential election mean for Bitcoin? Show highlights: ---What are options and why they are significant for bitcoin ETFs ---How they will affect the price of BTC ---When options will actually launch and what needs to be done ---How the launch of IBIT options could lower Bitcoin volatility and compress spreads ---Whether dominant players in derivatives will suffer from this launch ---How the launch of options could lead to an “altcoin boom” ---Why Josh thinks the SEC delayed its decision on ether ETF options ---How rising Bitcoin options interest could trigger volatility during major options expiries ---What Josh thinks the impact of the US presidential election will be on the markets Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! --- [Coinbase] (https://www.coinbase.com/one?utm_source=unchained&utm_source=podcast&utm_campaign=cb1_p_m_w_m_m_unc_pod_0_cb1-unchained) --- [iTrustCapital] (https://www.itrustcapital.com/) --- [Polkadot] (https://polkadot.network/ecosystem/community/) --- [Mantle’s FBTC] (http://fbtc.com/) Guest: [Joshua Lim] (https://x.com/joshua_j_lim) , Co-founder and CEO of Arbelos Markets Links --- [Approval] (https://www.sec.gov/files/rules/sro/ise/2024/34-101128.pdf) for BlackRock’s IBIT ---The Block: [Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval] (https://www.theblock.co/post/318018/bitcoin-etfs-set-to-attract-liquidity-and-speculation-as-ibit-options-trading-gains-approval) ---CoinDesk: [BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally, Bitwise Predicts] (https://www.coindesk.com/markets/2024/09/23/blackrock-bitcoin-etf-options-to-set-stage-for-gamestop-like-gamma-squeeze-rally-bitwise-predicts/) Decrypt: [SEC Hits Pause on Ethereum ETF Options Following Bitcoin Nod - ] (https://decrypt.co/251119/sec-hits-pause-on-ethereum-etf-options-following-bitcoin-nod) Timestamps:  ---00:00 Intro ---01:48 What Bitcoin ETF options are and why they’re significant ---05:41 Impact on BTC price ---08:17 When Bitcoin ETF options will launch ---10:03 How IBIT options could reduce volatility ---15:53 Will dominant players in derivatives be affected? ---20:40 How options could trigger an altcoin boom ---24:12 Thoughts on potential ether ETF options approval ---24:47 Rising Bitcoin options interest and volatility risks ---28:22 Impact of the 2024 US election on crypto markets ---31:48 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

27 Sep 2024

43 MINS

43:32

27 Sep 2024

#741

Bits + Bips: Why Bitcoin Is a Leveraged Bet on Global Liquidity - Ep. 710

Listen to the episode on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/unchained/id1123922160) , [ Spotify] (https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf) , [ ] (https://overcast.fm/itunes1123922160/unchained) [Pods] (https://pods.media/unchained) , [Fountain] (https://fountain.fm/show/XCVXRPNvY3wLrlMHwAMs) , [Podcast Addict] (https://podcastaddict.com/podcast/4129535) , [ Pocket Casts] (https://pca.st/podcast/bb16e6b0-1469-0134-a447-13e6b3913b15) , [Amazon Music] (https://music.amazon.com/podcasts/f5ec630d-4dfa-4e73-baca-3f5062927c55/unchained?refMarker=null) , or on your favorite podcast platform. In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Sam Callahan of The NewsBlock to explore how macroeconomic factors and liquidity conditions are driving Bitcoin’s price. They dive into the Federal Reserve's recent rate cuts, the impact of Solana's token unlocks, and why many investors are concerned about a potential liquidity crunch. Plus, the panel discusses whether Bitcoin’s price is increasingly dependent on global M2 money supply, and how BlackRock’s Bitcoin ETF options could impact the market.  Is Bitcoin simply a leveraged macro bet? And could Solana’s unlocks cause a price squeeze?  Show highlights: ---Alex and Joe’s takeaways from Token 2049 and Solana Breakpoint ---Why there’s so little attention on Bitcoin at these conferences ---The SOL vs. ETH trade debate ---Why Sam thinks that the Fed cut rates to help the Treasury ---Whether they think inflation will persist  ---How China's rate cuts aim to boost its economy amidst export challenges ---How Bitcoin's correlation with global liquidity can break down during speculative bull runs, despite its typical sensitivity to liquidity conditions ---The pros and cons of the approval of Bitcoin ETF options ---Why fears about BlackRock and Coinbase's bitcoin holdings are unfounded, according to James Sponsors: --- [Gemini] (http://gemini.com/unchained) --- [Stellar] (http://stellar.org/)   Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [Alex Kruger] (http://x.com/krugermacro) , Founder of Asgard --- [Joe McCann] (http://x.com/joemccann) , Founder, CEO, and CIO of Asymmetric Guest: --- [Sam Callahan] (https://x.com/samcallah) , Current Free Agent Analyst & Scribe of the NewsBlock ---Sam’s [research post with Lyn Alden] (https://www.lynalden.com/bitcoin-a-global-liquidity-barometer/) Links Coverage of Unchained on Token 2049 and Solana Breakpoint: --- [Should the Solana Foundation Be Dissolved? Yes... and No...] (https://unchainedcrypto.com/should-the-solana-foundation-be-dissolved-yes-and-no/) --- [$1.3 Billion Market Cap BONK Caught Asymmetric Financial's Eye at $28 Million, Founder Tells Solana Breakpoint Event] (https://unchainedcrypto.com/1-3-billion-market-cap-bonk-caught-asymmetric-financials-eye-at-28-million-founder-tells-solana-breakpoint-event/) --- [Bring Back ICOs, Says Multicoin Capital’s Tushar Jain, Winning Agreement From Debate Adversary Qiao Wang of AllianceDAO] (https://unchainedcrypto.com/bring-back-icos-says-multicoin-capitals-tushar-jain-as-he-wins-agreement-from-debate-adversary-qiao-wang-of-alliancedao/) --- [PYTH Stakers Get Carrots and Sticks as Douro Labs Rejigs Staking Mechanism] (https://unchainedcrypto.com/pyth-stakers-get-carrots-and-sticks-as-douro-labs-rejigs-staking-mechanism/) --- [DeFi Protocol Sky, Formerly MakerDAO, to Launch on Solana Blockchain] (https://unchainedcrypto.com/defi-protocol-sky-formerly-makerdao-to-launch-on-solana-blockchain/) --- [Firedancer Efforts Bring Solana a Step Closer to Leap in Processing Power, Says Jump Trading’s Science Chief ] (https://unchainedcrypto.com/firedancer-efforts-bring-solana-a-step-closer-to-leap-in-processing-power-says-jump-tradings-science-chief/) --- [Stoner-Originated Proof-of-Liquidity Network Berachain Scores a Hit at Token2049 ] (https://unchainedcrypto.com/stoner-originated-proof-of-liquidity-network-berachain-scores-a-hit-at-token2049/) SOL vs. ETH --- Unchained: [SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani] (https://unchainedcrypto.com/sol-on-course-to-flip-eth-says-multicoin-capitals-kyle-samani/) ---Alex’s [tweet:] (https://x.com/krugermacro/status/1838082213579051183) “Ironically $SOLETH is barely up in 2024” Rate cuts and macro: --- [Fed Cuts Rates for First Time Since 2020] (https://unchainedcrypto.com/fed-cuts-rates-for-first-time-since-2020-bitcoin-remains-mostly-flat/) China: ---Reuters: [China's central bank unveils most aggressive stimulus since pandemic | ] (https://www.reuters.com/world/china/china-unveils-broad-stimulus-measures-revive-economy-2024-09-24/) ETF options: ---CoinDesk: [BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally] (https://www.coindesk.com/markets/2024/09/23/blackrock-bitcoin-etf-options-to-set-stage-for-gamestop-like-gamma-squeeze-rally-bitwise-predicts/) ---Decrypt: [SEC Hits Pause on Ethereum ETF Options Following Bitcoin Nod - ] (https://decrypt.co/251119/sec-hits-pause-on-ethereum-etf-options-following-bitcoin-nod) Kamala Harris: ---Unchained:  --- [Kamala Harris Makes Her First Comments on Crypto] (https://unchainedcrypto.com/kamala-harris-makes-her-first-comments-on-crypto-and-the-reaction-is-mixed/) --- [Harris Commits to Prioritizing Emerging Industries Like Blockchain in Speech] (https://unchainedcrypto.com/harris-commits-to-prioritizing-emerging-industries-like-blockchain-in-speech/) Timestamps: ---00:00 Intro ---02:55 Takeaways from Token 2049 and Solana Breakpoint ---07:14 Little Bitcoin interest me at conferences ---12:23 The SOL vs. ETH trade debate ---17:32 Sam’s view on the Fed’s rate cuts ---28:55 Will inflation persist? ---41:14 China’s rate cuts and economic boost ---49:44 Bitcoin’s correlation with global liquidity ---1:02:43 Pros and cons of Bitcoin ETF options ---1:13:23 BlackRock and Coinbase Bitcoin holdings fears Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

26 Sep 2024

1 HR 18 MINS

1:18:04

26 Sep 2024