…

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.

#785

Why Robinhood CEO Vlad Tenev Is Betting Big on Crypto, Stablecoins, and Prediction Markets - Ep. 754

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 Unchained, Robinhood CEO Vlad Tenev offers a rare glimpse into the company’s strategy. How did memes like Dogecoin become one of Robinhood’s biggest assets, onboarding millions of users? What drove its decision to embrace stablecoins, staking, and a dedicated crypto wallet—and what risks do these moves carry? As Europe’s MiCA regulations set the stage for a global crypto framework, Vlad discusses how Robinhood is positioning itself for growth, the role of prediction markets, and why blockchain could dramatically lower costs for investors. He also shares personal insights from his own experiences with hyperinflation, revealing how stablecoins might safeguard wealth for millions around the world. With crypto ETFs, regulatory shifts, and a new administration looming, here’s what he thinks is next for Robinhood—and the crypto industry. Show highlights: ---How Robinhood has been experiencing growth in the crypto retail market ---The effect of election night and Robinhood’s event contracts on trading volumes ---What Robinhood saw happened with the launch of spot ETFs in the U.S. ---How the exchange was able to attract crypto investors ---The role of MiCA in Robinhood allowing users to stake ETH and SOL ---How the company aims to enhance the user experience with the Robinhood wallet ---Why Robinhood decided to invest in Global Dollar Network, which has stablecoin USDG ---What’s on Vlad’s crypto regulation wish list under the new administration and Congress ---Whether the criteria to list crypto assets on Robinhood will change under a crypto-friendly Trump administration ---Why Vlad is so excited about prediction markets ---Why he sees blockchain technology as a tool that will ultimately help users 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/) --- [Kelp DAO] (https://kelpdao.xyz/gain/growth-vault/?utm_source=unchained) Guest --- [Vlad Tenev] (https://x.com/vladtenev) , CEO of Robinhood Links ---Unchained: [Why Robinhood, a TradFi Hub, Is Growing Its Crypto Business Globally] (https://www.youtube.com/watch?v=5P3VfDUr1IM) ---Reuters: [Robinhood's top attorney Gallagher rules out SEC chair role] (https://www.reuters.com/markets/us/robinhoods-chief-legal-officer-gallagher-rules-out-becoming-sec-chair-cnbc-2024-11-22/) --- [Robinhood Reports Third Quarter 2024 Results] (https://www.globenewswire.com/news-release/2024/10/30/2972043/0/en/Robinhood-Reports-Third-Quarter-2024-Results.html) --- [Robinhood to Acquire Bitstamp] (https://investors.robinhood.com/pressreleases/news-details/2024/Robinhood-to-Acquire-Bitstamp/default.aspx) --- [Spot Bitcoin ETF Options: Why You 'Can't Overstate' Their Importance] (https://www.youtube.com/watch?v=NJ1WFe73miA) --- [The Legend Awakens: Introducing Robinhood Legend, Futures Trading, and Index Options] (https://newsroom.aboutrobinhood.com/the-legend-awakens/) ---Finimize: [Robinhood, Kraken, And Partners Launch New Stablecoin USDG - ] (https://finimize.com/content/robinhood-kraken-and-partners-launch-new-stablecoin-usdg) ---Decrypt: [Robinhood Launches US Presidential Election Prediction Market—For Americans Only] (https://decrypt.co/288635/robinhood-us-presidential-election-prediction-market) Timestamps ---00:00 Intro ---02:43 Robinhood’s growth in the crypto retail market ---05:05 Election night’s surprising impact on trading volumes ---07:11 What Robinhood observed after U.S. spot ETF launches ---11:56 How the platform attracted millions of crypto investors ---16:49 MiCA’s role in enabling ETH and SOL staking on Robinhood ---19:09 Enhancing user experience with the Robinhood wallet ---21:32 Why Robinhood is betting on stablecoins ---25:37 Vlad’s crypto regulation wish list from the new administration ---30:05 Will Robinhood change its crypto listing criteria? ---32:18 Vlad’s excitement about prediction markets ---36:12 How blockchain could lower costs and empower users ---41:21 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

Yesterday

54 MINS

54:13

Yesterday

#784

The Chopping Block: 2025 Predictions, AI's Crypto Play, and U.S. Legislation - Ep. 753

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 special end-of-year episode, they recap 2024's key moments and forecast what's ahead in 2025. The team debates Bitcoin's potential to hit $180K, the impact of AI on crypto security, and upcoming U.S. crypto legislation. They also predict the rise of viral blockchain games. Join the crew as they unpack these predictions and more, offering unique insights into what the new year might bring for crypto enthusiasts. Show highlights 🔹 Bitcoin Hits New Highs: The crew debates Bitcoin's potential to reach $180K, with predictions of a significant rally and subsequent corrections. 🔹 AI Turns Crypto Scammer: A bold prediction that an AI system will become a crypto scammer makes waves, highlighting the intersection of artificial intelligence and blockchain security concerns. 🔹 Crypto Legislation Breakthroughs: Anticipation grows for groundbreaking crypto-specific legislation in 2025, reflecting a major shift in regulatory landscapes. 🔹 Consolidation in Crypto's Infrastructure: Predictions surface about mergers among AppChains and Layer 2 solutions due to economic pressures, signaling a major consolidation trend. 🔹 Viral Blockchain Games: The panel foresees blockchain-based games going viral, capturing mainstream attention and potentially becoming a cultural phenomenon. 🔹 DeFi's Continued Evolution: Discussions center around DeFi's comeback, its impact on the crypto market, and the evolving challenges it faces as it grows in popularity and complexity. 🔹 Surprising Crypto Predictions for 2025: The episode wraps up with each host sharing their most surprising predictions for the coming year, setting the stage for a dynamic and unpredictable future in crypto. 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 03:00 Biggest Winner 8:30 Biggest Loser 14:04 Biggest Surprise 20:50 Best New Mechanism 27:03 Best Meme 31:02 Best/Worst Pivot 38:57 Biggest Flop 44:08 Comeback Story of 2024 48:42 Favorite TCB Guest 51:18 Predictions for 2025 Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

19 Dec 2024

1 HR 05 MINS

1:05:26

19 Dec 2024

#783

Bits + Bips: Bitcoin Keeps Smashing All-Time Highs, and MSTR Joins the Big Leagues - Ep. 752

Bitcoin’s 2024 rally has been explosive, but is the next phase just beginning? In this episode of Bits + Bips, hosts Noelle Acheson, Ram Ahluwalia, and Alex Kruger are joined by Ledn’s Mauricio di Bartolomeo to unpack the forces shaping the crypto market as the year comes to a close. Mauricio explains how Ledn has grown amidst regulatory and economic shifts, and shares insights on why the “Trump put” is creating a new trading setup for crypto. The panel dissects the undercurrents behind Bitcoin’s surge, explores how MicroStrategy’s presence on the NASDAQ creates unique market dynamics, and debates how much higher BTC could climb. But they warn not to expect “buy” ratings on MSTR. Plus, they dive into why Solana underperformed in recent weeks, how Bitcoin enables capital flight (and how they may be happening from China), and what 2025 could hold for crypto. Packed with data, opinions, and a few book recommendations (well, except from Alex), this episode offers sharp analysis as 2024, a pivotal year for crypto, wraps up. Show highlights: ---Mauricio’s background and how Venezuela’s regime led him to crypto ---How Ledn works and how it’s seen substantial growth since the elections ---What’s driving this wave of growth in the price of bitcoin ---How much higher BTC will go and what the effects of the end-of-year portfolio rebalancing will be ---What the risks are for the U.S. economy ---How BTC is the easiest way to trade the Trump bump ---Whether the Chinese macro matters for crypto ---How MicroStrategy has become a Trojan horse ---Why Alex likes XRP and ENA and why SOL has been underperforming recently ---2024 wrap-up: what everyone was most surprised about ---Book recommendations from everyone, except Alex, who’s only focused on shitcoins Hosts: --- [Noelle Acheson] (https://x.com/NoelleInMadrid) , Author of the “Crypto Is Macro Now” Newsletter --- [Alex Kruger] (http://x.com/krugermacro) , Founder of Asgard --- [Ram Ahluwalia] (https://x.com/ramahluwalia) , CFA, CEO and Founder of Lumida Guest: --- [Mauricio di Bartolomeo] (https://x.com/cryptonomista) , cofounder & CSO of Ledn Links ---Unchained: --- [Bitcoin Hits New All-Time High] (https://unchainedcrypto.substack.com/i/153203659/bitcoin-hits-new-all-time-high) --- [MicroStrategy Joins Nasdaq-100, Expanding Bitcoin Exposure to Billions] (https://unchainedcrypto.substack.com/i/153203659/microstrategy-joins-nasdaq-expanding-bitcoin-exposure-to-billions) --- [Trump’s Crypto Project Spent Nearly $45M Onchain in 2 Weeks] (https://unchainedcrypto.substack.com/i/153203659/trumps-crypto-project-spent-nearly-m-onchain-in-weeks) --- [FTX Distributions to Start in Under 2 Weeks] (https://unchainedcrypto.substack.com/i/153248590/ftx-distributions-to-start-in-under-weeks) Timestamps: ---00:00 Intro ---01:38 Mauricio’s journey from Venezuela to crypto ---07:37 How Ledn thrived post-elections and saw major growth ---15:16 Key drivers behind Bitcoin’s explosive rally ---20:30 How high could BTC climb – and might year-end rebalancing affect the price? ---25:22 Risks facing the U.S. economy heading into 2025 ---32:47 BTC as the go-to trade for the Trump bump ---36:13 The significance of Chinese macro trends for crypto ---47:32 MicroStrategy’s role as a Trojan horse for Bitcoin adoption ---53:20 Why Alex likes XRP and ENA, but SOL is lagging ---1:02:35 Biggest surprises from 2024’s crypto market ---1:06:33 Book picks from everyone—except Alex, who’s all about shitcoins Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

18 Dec 2024

1 HR 09 MINS

1:09:40

18 Dec 2024

#782

After an Incredible 2024 for USDe, Ethena Plans to Supercharge Growth - Ep. 751

USDe shattered expectations in 2024, emerging as the largest decentralized stablecoin in circulation and a game changer for DeFi. Ethena’s founder, Guy Young, joins the show to reveal how the protocol surpassed long-established giants, generating billions in fees and setting new benchmarks for yield generation. Guy also breaks down the mechanics behind Ethena’s innovative strategies, including “Aavethena,” a yield-boosting approach that’s changing how users interact with synthetic dollars. Plus, he addresses the risks: what happens when leverage goes too far, and how Ethena mitigates volatility at its core. Will Ethena bridge DeFi and TradFi, leveraging the disconnect between crypto and traditional interest rates to tap into a $100 trillion fixed-income market? Show highlights: ---Why Guy was surprised to see the rapid rise of USDe ---Why Guy is spending 80% of his time on bringing Ethena to TradFi ---The launch of Ethena’s UStb ---How regulation comes into play and the challenges in different jurisdictions ---Whether USDe could launch in the U.S. with a friendlier administration ---Why Ethena hasn’t needed to utilize the reserve fund ---Why Guy believes Ethena has been able, at times, to surpass OG protocols like Ethereum and Uniswap in fees ---How USDe is being used across the board in DeFi applications ---What the “Aavethena” strategy is and how it generates yield for users ---Whether USDe has brought considerable risks of liquidations ---How allowing Pendle’s PT tokens on Aave could supercharge growth ---How Ethena counters the centralization risks around exchanges ---Why Guy thinks that Ethena’s cross-chain strategy has been “pretty poor” ---How ENA has performed well despite airdrops not doing well in 2024 ---Why Guy believes this bull cycle is different ---Why he’s expecting USDe to reach at least $15 billion 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/) --- [Robinhood & Arbitrum] (https://robinhood.com/web3-wallet/) Guest: --- [Guy Young] (https://twitter.com/leptokurtic_) , Founder of Ethena Labs ---Previous appearances on Unchained: --- [Ethena’s USDe Grew to $2 Billion in 7 Weeks. Is It Safe?] (https://unchainedcrypto.com/ethenas-usde-grew-to-2-billion-in-7-weeks-is-it-safe/) --- [How Ethena’s USDe Challenges Traditional Stablecoin Models] (https://unchainedcrypto.substack.com/p/how-ethenas-usde-challenges-traditional) Links ---Unchained: [Ethena’s USDe Becomes Third-Largest Stablecoin] (https://unchainedcrypto.substack.com/i/153066457/ethenas-usde-becomes-third-largest-stablecoin) ---UStB [announcement] (https://x.com/ethena_labs/status/1839258925981642834) --- [How BlackRock, the World's Largest Asset Manager, Took Crypto Mainstream] (https://youtu.be/-pdmASJlioE) ---Blockworks Research [thread] (https://x.com/blockworksres/status/1866894411638116515) on how USDe is used ---Aavethena [tweet] (https://x.com/leptokurtic_/status/1867583725254684998?s=46&t=jalJsCZZQAGOJ3L-bvfu9g) by Guy Young ---“androlloyd’s” [tweet] (https://x.com/androolloyd/status/1866127271897239597) on the level of exposure USDe has ---Unchained: [Circuit Breakers: Is ERC-7265 the Solution dApps Were Waiting For?] (https://www.youtube.com/watch?v=exyQFCKDOyM) ---Seraphim’s tweet on the [Ethena endgame] (https://x.com/MacroMate8/status/1866441709363863729) Timestmaps: ---00:00 Intro ---01:52 The rapid rise of USDe and what surprised Guy about its ascent ---05:11 Ethena’s growth plans for 2025 ---07:36 Ethena’s role in launching UStb ---11:52 Regulatory challenges across different regions ---16:24 Could a U.S. launch for USDe happen with a friendlier administration? ---20:56 Why Ethena’s reserve fund hasn’t been tapped yet ---22:22 How Ethena surpassed OG protocols, including Ethereum, Uniswap, etc., in fees ---25:14 USDe’s growing role in DeFi applications ---27:17 The “Aavethena” strategy and how it generates yield ---30:38 Risks of liquidations tied to USDe ---33:48 Supercharging growth with Pendle’s PT tokens on Aave ---36:15 How Ethena mitigates centralization risks with exchanges ---40:39 Guy’s thoughts on Ethena’s cross-chain strategy struggles ---43:19 Why ENA has performed well despite airdrop fatigue ---48:42 Why this bull cycle feels different 52:44 Guy’s target for 2025 Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

17 Dec 2024

55 MINS

55:16

17 Dec 2024

#781

The Chopping Block: Google’s Willow Chip, ICO Resurgence, and Crypto Dev Trends - Ep. 750

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. This week, the crew explores the resurgence of ICOs through Echo sales, diving into MegaEth’s record-breaking sale and the shifting meta of token launches. They also discuss Google’s quantum computing breakthrough with the Willow chip and its potential implications for cryptographic security in crypto. Tarun doubles down on his critique of Decentralized Science (DeSci), sparking a lively debate on its viability and accountability. Finally, the team unpacks Electric Capital’s developer report, highlighting Solana’s dominance in India and the global trends shaping crypto development. Show highlights 🔹 ICOs and Echo Sales Resurgence:The crew debates the return of ICOs, now rebranded as Echo sales, and their impact on token launches. Is the shift from airdrops to pre-sales a sustainable new meta for crypto? 🔹 MegaEth’s Record-Breaking Sale on Echo: A detailed analysis of MegaEth's $4.2M Echo sale that sold out in seconds. With a $200M FDV, the sale sparked discussions about community involvement and valuation dynamics. 🔹 Airdrops vs. Echo Sales: The panel dissects the shift in sentiment around airdrops, questioning their fairness and efficiency compared to community presales. Are Echo sales the new paradigm for engaging retail investors? 🔹 Quantum Computing and Crypto’s Future: Google’s breakthrough with the Willow chip sparks a discussion on quantum computing’s implications for cryptocurrencies. Is public key cryptography under threat, or do we have time to adapt? 🔹 The Satoshi Dilemma: Speculations about Satoshi Nakamoto’s coins and what would happen if they were ever moved. Could quantum computing make those coins vulnerable? 🔹 Decentralized Science (DeSci) Debate: Tarun doubles down on his criticism of DeSci projects, arguing they lack accountability and meaningful use cases. The team explores whether DeSci can evolve into something impactful. 🔹 Electric Capital’s Developer Report: Reactions to Electric Capital’s 2024 developer report, highlighting Asia overtaking North America in crypto developer activity, Solana’s dominance in India, and the growing trend of multi-chain developers. 🔹 Developer Efficiency in Crypto: Despite the plateauing number of developers, crypto projects demonstrate incredible efficiency. Fewer hacks, more battle-hardened code, and a shift toward higher-quality deployment signal a maturing space. 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 ---01:52 The Return of ICOs ---07:29 Airdrops vs. Community Sales ---19:27 Quantum Computing and Crypto ---28:18 Bitcoin Addresses & Quantum Computing ---32:24 DeSci Debate ---42:56 Electric Capital Developer Report ---51:35 Developer Efficiency in Crypto Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

15 Dec 2024

56 MINS

56:51

15 Dec 2024

#780

How Solana Beat Out Ethereum to Nab New Crypto Developers in 2024 - Ep. 749

The 2024 Developer Report from Electric Capital reveals many shifting dynamics. For starters, for the first time in eight years, Ethereum was not the top chain for new developers—Solana was. Meanwhile, Asia has emerged as the leading hub for crypto development, taking the top spot from North America, which dropped to third. In this episode, General Partner Maria Shen explores how Ethereum's Layer 2 solutions are bolstering its position despite fierce competition, why the Bitcoin developer ecosystem remains steadfast, and how emerging projects like EigenLayer are capturing builders’ attention. She also delves into the top crypto technologies that are fascinating devs, and how their usage and development activity differ across the globe. Show highlights: ---Maria’s top takeaways from the report ---Whether the developer migration from the U.S. will stop under a friendlier regulatory environment ---How Ethereum has maintained its dominance despite its high fees and the rise of Solana ---What the steadiness of the Bitcoin developer ecosystem shows ---Which other smaller ecosystems are growing the most ---How ZK contract usage has been increasing over time ---Why, despite what one could think, NFT minting activity is higher than ever ---How stablecoin usage differs from token to token and also across countries 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/) Guest --- [Maria Shen] (https://x.com/MariaShen) , General Partner at Electric Capital ---Previous appearance on Unchained: [Why Crypto Developer Activity Continues to Grow Despite the Bear Market ] (https://unchainedcrypto.com/podcast/why-crypto-developer-activity-continues-to-grow-despite-the-bear-market-ep-445/) Links ---Unchained: [A Big 2024 Crypto Trend: Solana Attracts More New Developers Than Ethereum] (https://unchainedcrypto.com/a-big-2024-crypto-trend-solana-attracts-more-new-developers-than-ethereum/) Timestamps: ---00:00 Intro ---02:02 Key findings from Electric Capital’s Developer Report ---08:28 Could a friendlier U.S. regulatory environment reverse the developer migration? ---12:54 How Ethereum could stay dominant amid rising competition from Solana ---17:48 Insights from the Bitcoin developer ecosystem ---21:33 Emerging smaller ecosystems gaining traction ---23:41 The steady growth in ZK contract usage ---27:39 Why NFT minting activity is at an all-time high ---32:31 How stablecoin usage varies across tokens, chains and countries ---36:22 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

13 Dec 2024

48 MINS

48:03

13 Dec 2024

#779

Bits + Bips: Bitcoin in Geopolitics, ETH’s Momentum, SOL ETFs & China’s Crypto Pivots? - Ep. 748

In this episode of Bits + Bips, hosts James Seyffart, Ram Ahluwalia, and Noelle Acheson are joined by Jamie Coutts to analyze Ethereum’s breakout and its improving fundamentals, how China’s “moderately loose” policy stance is changing the global liquidity landscape, and the pro-market implications of Paul Atkins leading the SEC. They also explore Jerome Powell’s and Putin’s takes on Bitcoin, the controversial CBOE withdrawal of the Solana ETF filing, and the role of Bitcoin in geopolitics. Show highlights: ---How the employment data showed some mixed reactions in regard to next steps for the Fed ---Whether China will start a new era of augmented liquidity ---Why the U.S. dollar getting stronger is bad for crypto prices ---How bitcoin is not a competitor to the U.S. dollar ---The significance of David Sacks as Crypto & AI Czar ---Why everyone believes that Atkins in the SEC is very positive for markets ---Whether China will pivot and adopt friendlier crypto regulation ---Putin’s remarks on the role of bitcoin ---Why CBOE withdrew its SOL ETF filing ---Jamie’s analysis on how liquidity affects prices and where we’ll see a top ---Why Ram thinks that MSTR has peaked ---Why Jamie believes that ETH will continue its momentum and perform better than the broader market ---Why Microsoft and Amazon might adopt bitcoin on their balance sheet ---Whether the breakthrough in quantum computing will disrupt Bitcoin ---How Solana’s daily fees have grown to a significant percentage of the L1 landscape Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [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 Guest: --- [Jamie Coutts] (https://x.com/Jamie1Coutts) , Chief Crypto Analyst at Real Vision Links China Rally: --- [China Politburo policy shift spurs surge in stocks, bonds | Reuters] (https://www.reuters.com/markets/asia/china-politburo-policy-shift-spurs-surge-stocks-bonds-2024-12-09/) --- [China Eases Overall Monetary Policy Stance for First Time in 14 Years] (https://www.nytimes.com/2024/12/09/business/china-monetary-policy.html) Fed and Powell: ---Decrypt: [Fed Chair Jerome Powell Likens Bitcoin to Gold, Says It’s Not Dollar Rival ] (https://decrypt.co/294915/jerome-powell-likens-bitcoin-gold) Timestamps: ---00:00 Intro ---01:42 Mixed signals from employment data and the Fed’s next steps ---07:33 China’s “moderately loose” policy and its liquidity impact ---13:32 Why a stronger U.S. dollar spells trouble for crypto ---23:49 Bitcoin’s role alongside the U.S. dollar, not against it ---27:49 David Sacks as Crypto & AI Czar: What it means for the industry ---29:40 Why Paul Atkins at the SEC is a win for markets ---34:00 Whether China could adopt a pro-crypto stance ---37:53 Putin’s surprising take on Bitcoin’s geopolitical role ---41:39 What’s behind the SOL ETF filings ---43:25 Jamie’s take on crypto’s potential upside ---46:49 Why Ram believes MSTR may have peaked ---49:59 Jamie’s bullish outlook on ETH outperforming the market ---56:26 Could Microsoft and Amazon add Bitcoin to their balance sheets? ---59:05 The quantum computing breakthrough ---1:01:05 Solana’s fees climb significantly—what does it mean? Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

11 Dec 2024

1 HR 04 MINS

1:04:30

11 Dec 2024

#778

Under the First Crypto President, What Will Regulation of the Industry Look Like? - Ep. 747

With Paul Atkins as the incoming SEC Chair, David Sacks as the AI & Crypto Czar, and potential CFTC leadership changes, the Trump administration is signaling a major shift for crypto, AI, and financial regulation. Guests Mike Selig and Jake Chervinsky break down what this means for token launches, enforcement actions, inter-agency collaboration, and the fate of Operation Chokepoint 2.0. Could this mark the end of the U.S.’s regulatory hostility toward innovation? Show highlights: ---02:18-What changes to expect under an Atkins-led SEC ---08:58-Who could lead the SEC in the period between Gensler resigning and Atkins assuming ---11:54-Whether the Democrats will nominate SEC Commissioner Crenshaw again ---15:50-Elizabeth Warren's influence on the non-Republican SEC commissioner picks ---23:39-Whether Atkins’ leadership at the SEC might shift crypto regulation away from aggressive enforcement ---28:26-Whether Gensler’s recent promotion of people in enforcement roles will further his SEC’s regulation-by-enforcement strategy ---38:52-Whether the SEC and Coinbase will reach a settlement ---41:47-Why Mike and Jake think it’s not likely that the SEC will pursue litigation in the Ripple case ---46:03-How the SEC might clarify securities laws around token sales, airdrops, and exemptions ---55:14-Whether Atkins’ leadership could fast-track Hester Peirce’s Safe Harbor ---59:53-How the CFTC's potential lead on crypto regulation might redefine how it splits duties with the SEC ---1:03:03-Whether it even makes sense to have two financial regulatory agencies ---1:11:00-Who might lead the CFTC ---1:13:59-Why Jake and Mike believe combining AI and crypto under one ‘czar’ makes sense ---1:20:31-How the appointment of Scott Bessent for Treasury secretary will affect the crypto industry ---1:25:47-How the likely end to Operation Chokepoint 2.0 will create a “sea change” 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/) --- [Kelp DAO] (https://kelpdao.xyz/gain/growth-vault/?utm_source=unchained) Guests: --- [Mike Selig] (https://x.com/MikeSeligEsq) , Partner at Willkie Farr & Gallagher ---Previous appearance on Unchained: [Is Gary Gensler on a Mission to Put Crypto Down for Good?] (https://unchainedcrypto.com/is-gary-gensler-on-a-mission-to-put-crypto-down-for-good-ep-457/) --- [Jake Chervinsky] (https://x.com/jchervinsky) , Chief Legal Officer at Variant ---Previous appearances on Unchained: --- [The US vs. Crypto: Jake Chervinsky on Crypto's Legal and Regulatory Status] (https://unchainedcrypto.com/the-us-vs-crypto-jake-chervinsky-on-cryptos-legal-and-regulatory-status/) --- [Why the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and Congress] (https://unchainedcrypto.com/why-the-sec-vs-ripple-order-is-now-about-2-things-coinbase-and-congress/) --- [The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility] (https://unchainedcrypto.com/the-chopping-block-jake-chervinsky-on-how-the-sec-has-lost-credibility/) --- [All Things Crypto Regulation With Jake Chervinsky] (https://unchainedcrypto.com/all-things-crypto-regulation-with-jake-chervinsky/) --- [Everything You Need to Know About the Looming Battle Over Privacy in Crypto] (https://unchainedcrypto.com/podcast/everything-you-need-to-know-about-the-looming-battle-over-privacy-in-crypto/) --- [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/) Links ---Trump’s Office Picks: ---Unchained: --- [Why Trump’s SEC Chair Pick, Paul Atkins, Is So Positive for Crypto] (https://unchainedcrypto.com/why-trumps-sec-chair-pick-paul-atkins-is-so-positive-for-crypto/) --- [David Sacks as A.I. & Crypto Czar? Why the Industry Was Surprised] (https://unchainedcrypto.com/david-sacks-as-a-i-crypto-czar-why-the-industry-was-surprised/) --- [Trump Taps Paul Atkins for Next SEC Chair, Making Good on His Crypto Promises] (https://unchainedcrypto.com/trump-taps-paul-atkins-for-next-sec-chair-making-good-on-his-crypto-promises/) --- [Democratic SEC Commissioner Is Stepping Down, but That Doesn’t Mean Trump Will Get 2 Outright Picks ] (https://unchainedcrypto.com/democratic-sec-commissioner-is-stepping-down-but-that-doesnt-mean-trump-will-get-2-outright-picks/) --- [Trump Taps Hedge Fund Manager Scott Bessent to Be Treasury Secretary] (https://unchainedcrypto.com/trump-taps-hedge-fund-manager-scott-bessent-to-be-treasury-secretary/) --- [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/) --- [Tracking Trump’s Cabinet and Staff Nominations] (https://www.nytimes.com/interactive/2024/us/politics/trump-administration-cabinet-appointees.html) --- [Congressional Results] (https://digitalchamber.org/meet-the-newcomers-of-the-119th-congress/) ---John Reed Stark’s [tweet] (https://x.com/johnreedstark/status/1864369186958372969?s=46&t=69TtUb497YXgqeWelZVL2w) :“current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave” Operation Chokepoint 2.0 ---Forbes: [How ‘Debanking’ Tech And Crypto Companies Could Kill Businesses] (https://www.forbes.com/sites/jackkelly/2024/12/03/how-debanking-tech-and-crypto-companies-could-kill-businesses/) --- [Marc Andreessen and the CFPB: Debunking the Debanking Debunkers] (https://medium.com/@nic__carter/marc-andreessen-and-the-cfpb-debunking-the-debanking-debunkers-33e934442647) by Nic Carter ---Unchained: [Regulators Are Limiting Banks Serving Crypto Clients. Does That Violate the Law?] (https://unchainedcrypto.com/regulators-are-limiting-banks-serving-crypto-clients-does-that-violate-the-law/) ---Unchained: [Killed By Politics, Ex-Diem Boss Says of Meta’s Stablecoin] (https://unchainedcrypto.substack.com/i/152442202/killed-by-politics-ex-diem-boss-says-of-metas-stablecoin) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

10 Dec 2024

1 HR 31 MINS

1:31:35

10 Dec 2024

#777

The Chopping Block: XRP’s DeFi Comeback, Trump’s Crypto Picks, and Bitcoin at $100K - Ep. 746

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 crew to tackle a whirlwind of major market trends and policy shifts.They dive into Bitcoin’s historic leap to $100K, the unexpected "dino coin renaissance" with legacy tokens like XRP and ADA soaring, and the NFT market’s surprising revival. Ripple’s DeFi ecosystem and its place in the broader crypto landscape spark a spirited debate on "chain biases" and decentralization. On the policy front, the team unpacks Trump’s pro-crypto administration, featuring bold regulatory appointments that could redefine the industry. Plus, a look at the dynamics of memecoins, token launch strategies, and the future of ICOs versus airdrops. Show highlights 🔹 Bitcoin Hits $100K: The crew celebrates Bitcoin crossing into six-figure territory, discussing market reactions and the volatility surrounding this milestone. 🔹 Dino Coin Renaissance: Legacy tokens like XRP, ADA, and HBAR are skyrocketing, signaling retail’s return and sparking debate about the sustainability of these "boomer coin" rallies. 🔹 Memecoin Mania: Memecoins as "crypto gaming 2.0" are dissected, with insights on their role in market dynamics and their surprising impact on Layer 1 ecosystems. 🔹 Ripple's DeFi Evolution: Robert shares his deep dive into Ripple’s AMM features and emerging DeFi capabilities, addressing "chain biases" and decentralization concerns. 🔹 Trump’s Crypto Revolution: The panel analyzes the implications of Trump’s pro-crypto administration, featuring key appointments like SEC Chair Paul Atkins and Crypto Czar David Sacks. 🔹 NFT Revival: A surprising rebound in NFT markets sees CryptoPunks, Bored Apes, and Pudgy Penguins soaring, with speculation on what's driving the renewed interest. 🔹 Regulatory Shifts Ahead: Predictions on how new SEC leadership might redefine crypto policy and the industry's hopes for a safer, more transparent regulatory environment. 🔹 ICOs vs. Airdrops: Exploring token launch strategies, the conversation evaluates the potential for a new wave of innovative fundraising models. 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) Timestamps ---00:00 Intro ---01:06 100K Bitcoin & Dino Coin Renaissance ---04:11 Unit Bias and Retail Investors ---12:05 XRP, Ripple & DeFi ---24:53 Trump's Pro-Crypto Administration Picks ---37:53 Does Laura Own Crypto? ---41:18 Regulatory Surprises and Nominations ---45:05 NFT Market Revival ---51:41 Memecoins and Market Dynamics ---56:48 Future of ICOs and Airdrops Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

08 Dec 2024

1 HR 04 MINS

1:04:29

08 Dec 2024

#776

Why Trump’s SEC Chair Pick, Paul Atkins, Is So Positive for Crypto - Ep. 745

With the nomination of the pro-crypto Paul Atkins to be the next SEC chair, the crypto industry is potentially facing a 180 from the agency. As co-chair of The Digital Chamber’s Token Alliance initiative and a board member of Securitize, Atkins is not only pro-crypto, but also against the type of “regulation by enforcement” strategy of current Chair Gary Gensler. In this episode, Cody Carbone, president at The Digital Chamber, explains why Atkins is likely to start reassessment of the agency’s lawsuits against crypto firms, why Trump might break with protocol to fill one of the commissioner seats that would typically be filled by a Democrat, and who he thinks might make for a good “crypto czar.” Show highlights: ---Why Cody that Atkins leading the SEC would be a massive transformational shift ---What can be expected from Atkins given his prior experience ---What crypto cases might be dropped under his leadership ---Whether Atkins could provide rulemaking before Congress passes legislation ---Cody’s hard criticism of Gary Gensler’s modus operandi ---Why Cody thinks Trump could surprise people when it comes to replacing Democratic Cmr. Jaime Lizárraga ---How long it could take for Congress to confirm Atkins ---Why Cody believes that Atkins will support Hester Peirce’s Safe Harbor proposal ---Whether the CFTC will be the primary regulator of the crypto industry in a Trump administration ---Whether the U.S. will have a crypto czar and who it could be ---What crypto legislation Cody thinks is likely to be passed 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/) --- [iYield] (https://go.iyield.com/unchained) Guest --- [Cody Carbone] (https://twitter.com/CodyCarboneDC?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) , President at The Digital Chamber Links ---Trump’s Office Picks: ---Unchained: --- [Trump Taps Paul Atkins for Next SEC Chair, Making Good on His Crypto Promises] (https://unchainedcrypto.com/trump-taps-paul-atkins-for-next-sec-chair-making-good-on-his-crypto-promises/) --- [Democratic SEC Commissioner Is Stepping Down, but That Doesn’t Mean Trump Will Get 2 Outright Picks ] (https://unchainedcrypto.com/democratic-sec-commissioner-is-stepping-down-but-that-doesnt-mean-trump-will-get-2-outright-picks/) --- [Trump Taps Hedge Fund Manager Scott Bessent to Be Treasury Secretary] (https://unchainedcrypto.com/trump-taps-hedge-fund-manager-scott-bessent-to-be-treasury-secretary/) --- [Trump’s Plans for a ‘Crypto Czar’ and a Crypto Advisory Council: Here’s What We Know ] (https://unchainedcrypto.com/trumps-plans-for-a-crypto-czar-and-a-crypto-advisory-council-heres-what-we-know/) --- [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/) --- [Tracking Trump’s Cabinet and Staff Nominations] (https://www.nytimes.com/interactive/2024/us/politics/trump-administration-cabinet-appointees.html) --- [Congressional Results] (https://digitalchamber.org/meet-the-newcomers-of-the-119th-congress/) ---John Reed Stark’s [tweet] (https://x.com/johnreedstark/status/1864369186958372969?s=46&t=69TtUb497YXgqeWelZVL2w) :“current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave” ---Buckley LLP Infobytes Blog: [SEC commissioner proposes cryptocurrency safe harbor] (https://buckleyfirm.com/blog/2020-02-12/sec-commissioner-proposes-cryptocurrency-safe-harbor) ---Fox Business: [Perianne Boring among contenders to lead agency involved with crypto in Trump admin] (https://www.foxbusiness.com/politics/perianne-boring-among-contenders-lead-agency-involved-crypto-trump-admin) Timestamps: ---00:00 Intro ---02:19 Why Cody believes Atkins would be a transformational SEC chair ---03:13 Insights from Atkins’ past experience and what it means for crypto ---07:19 SEC/crypto cases likely to be dropped under Atkins’ leadership ---14:31 Potential for SEC rulemaking before Congress passes legislation ---18:19 Cody’s critique of Gary Gensler’s regulatory approach ---21:13 Why Trump might break with protocol to replace Democratic commissioner Jaime Lizárraga ---23:27 Expected timeline for Congress to confirm Atkins ---26:52 Support for Cmr. Hester Peirce’s Safe Harbor proposal ---28:18 An expanded role for the CFTC in crypto regulation? ---31:37 Speculation on the potential for a U.S. crypto czar ---35:03 Key crypto legislation to watch for in 2025 ---38:24 Crypto News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

06 Dec 2024

50 MINS

50:40

06 Dec 2024

#775

Bits + Bips: Why XRP Might Have Been The ‘Most Hated’ Rally Ever - Ep. 744

In this episode of Bits + Bips, hosts James Seyffart, Noelle Acheson, and Ram Ahluwalia are joined by Alex Thorn, head of research at Galaxy Digital, to discuss the surprising mainstream buzz around XRP’s latest rally, dubbed the “most hated rally in crypto.” They also analyze the new Treasury Secretary’s ambitious economic plan and what it could mean for inflation, fiscal discipline, and market stability. Meanwhile, Ethereum struggles to reclaim its narrative as the go-to blockchain, even as its ETH/BTC ratio shows signs of life. And in a moment that captures the personal side of crypto’s rise, the team reflects on Thanksgiving table conversations, where bitcoin and digital assets became unexpected stars. Show highlights: ---Why the newly appointed Treasury Secretary might be the right person for the job ---Whether the December rates cut is unnecessary ---How Marc Andreessen brought Operation Chokepoint 2.0 to the spotlight ---How Facebook’s project Libra would have benefited the US Dollar hegemony ---Whether the U.S. Congress will pass stablecoin legislation in 2025 ---Why Ram believes Ryan Selkis would be a good Crypto Czar ---How people have been asking more about bitcoin during Thanksgiving ---Whether the XRP rally is a negative indicator ---What James thinks about the filings for news ETFs, such as WisdomTree’s XRP ---Why Alex thinks that ETH could continue its recent rally ---The impact of MicroStrategy being added to the Nasdaq-100, aka the QQQ ETF Hosts: --- [James Seyffart] (https://twitter.com/JSeyff) , Research Analyst at Bloomberg Intelligence --- [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 Guest: --- [Alex Thorn] (https://x.com/intangiblecoins) , Head of Firmwide Research at Galaxy Digital Links Politics ---Unchained: --- [Trump Taps Hedge Fund Manager Scott Bessent to Be Treasury Secretary] (https://unchainedcrypto.com/trump-taps-hedge-fund-manager-scott-bessent-to-be-treasury-secretary/) --- [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/) ---Investing: [How Scott Bessent Plans to Reshape the US Economy with His 3-3-3 Rule] (https://uk.investing.com/analysis/how-scott-bessent-plans-to-reshape-the-us-economy-with-his-333-rule-200614635) Macro ---Investing: [US manufacturing improves in November as orders rebound, input price gains slow] (https://www.investing.com/news/economic-indicators/us-manufacturing-improves-in-november-as-orders-rebound-input-price-gains-slow-3749303) Operation Chokepoint 2.0 ---Forbes: [How ‘Debanking’ Tech And Crypto Companies Could Kill Businesses] (https://www.forbes.com/sites/jackkelly/2024/12/03/how-debanking-tech-and-crypto-companies-could-kill-businesses/) --- [Marc Andreessen and the CFPB: Debunking the Debanking Debunkers] (https://medium.com/@nic__carter/marc-andreessen-and-the-cfpb-debunking-the-debanking-debunkers-33e934442647) by Nic Carter ---Unchained: [Regulators Are Limiting Banks Serving Crypto Clients. Does That Violate the Law?] (https://unchainedcrypto.com/regulators-are-limiting-banks-serving-crypto-clients-does-that-violate-the-law/) ---Unchained: [Killed By Politics, Ex-Diem Boss Says of Meta’s Stablecoin] (https://unchainedcrypto.substack.com/i/152442202/killed-by-politics-ex-diem-boss-says-of-metas-stablecoin) XRP ---Unchained: --- [XRP Becomes the Top Traded Token on Binance and Coinbase, Hits Almost 7-Year High] (https://unchainedcrypto.com/xrp-becomes-the-top-traded-token-on-binance-and-coinbase-hits-almost-7-year-high/) --- [XRP Rallies 70% in a Week to Top Solana, Tether Market Cap] (https://unchainedcrypto.substack.com/i/152442202/xrp-rallies-in-a-week-to-top-solana-tether-market-cap) ---The Block: [WisdomTree files with SEC for spot XRP ETF] (https://www.theblock.co/post/329111/wisdomtree-files-with-sec-for-spot-xrp-etf?ref=onepagecrypto.com) Ethereum ---Unchained: [Ether Gains 19% Against Bitcoin in a Week After Months of Underperformance] (https://unchainedcrypto.com/ether-gains-19-against-bitcoin-in-a-week-after-months-of-underperformance/) Timestamps: ---00:00 Intro ---02:15 Why the new Treasury Secretary could reshape the economy ---06:28 Is a December rate cut unnecessary? ---15:18 How Marc Andreessen spotlighted Operation Chokepoint 2.0 ---19:54 The missed opportunity of Facebook’s Libra for USD dominance ---26:48 Will stablecoin legislation finally pass in 2025? ---31:28 Why Ram thinks Ryan Selkis should be the “Crypto Czar” ---34:45 Bitcoin conversations taking over Thanksgiving dinner ---39:48 Is the XRP rally a red flag for the market? ---48:15 James’s take on new ETF filings like WisdomTree’s XRP ---55:48 Why Alex believes ETH could extend its recent gains ---1:01:37 What MicroStrategy’s NASDAQ addition means for crypto Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

04 Dec 2024

1 HR 05 MINS

1:05:35

04 Dec 2024

#774

How the Tornado Cash Lawsuit Was Won and Why It Matters - Ep. 743

Last week, the crypto world celebrated a major legal victory when a federal appeals court struck down OFAC’s sanctions on Tornado Cash’s immutable smart contracts in a Coinbase-funded lawsuit. While this decision is a significant win for crypto, its implications go far beyond the industry—it challenges the very limits of U.S. sanctions authority on open-source code. In this episode, Coinbase’s Chief Legal Officer Paul Grewal and VP of Legal Leah Bressack discuss the case, the reasoning behind the court’s decision, and its broader implications, especially given that other cases are still in court. They address whether they think the government will appeal, how this ruling impacts other privacy tools and the other lawsuits, and why the case is a critical precedent for the intersection of code, law, and innovation. Plus, what does this mean for Tornado Cash developer Roman Storm? Show highlights: ---Why the decision was so significant, according to Paul ---What reasons the judge used in the ruling ---The basics of Tornado Cash and why OFAC sanctioned it in 2022 ---Why Coinbase decided to get involved in the case ---Why a District Court had previously agreed with OFAC ---Whether the government will appeal and what the implications of the case are outside of crypto ---When users could start using the protocol ---Whether users will be safe to use relayers, which add privacy ---Why Paul believes that the 11th Circuit, where the Coin Center Tornado Cash lawsuit was filed, will not ignore this ruling from the 5th Circuit ---Whether the judges were encouraging Congress to update IEEPA to make it possible for OFAC to sanction smart contracts ---Whether there’s a risk that under new legislation OFAC could sanction smart contracts ---How the case of Tornado Cash developer Roman Storm could be impacted by this decision ---Paul’s and Leah’s take on Balaji’s proposal to build privacy-preserving zero knowledge smart contracts on ZEthereum ---Whether the judges’ opinion will have an impact on existing privacy projects ---What types of sanctions and regulations the government can impose to prevent money laundering 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/) Guests: --- [Paul Grewal] (https://x.com/iampaulgrewal) , Coinbase’s chief legal officer ---Previous appearances on Unchained: --- [Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’ - Unchained] (https://unchainedcrypto.com/coinbases-top-lawyer-calls-sec-wells-notice-a-massive-overreach/) --- [Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown] (https://unchainedcrypto.com/just-a-coincidence-coinbase-and-polygon-lawyers-see-bad-omens-in-sec-crackdown/) --- [Leah Bressack] (https://www.linkedin.com/in/leah-bressack-8741642a) , VP of legal at Coinbase Links ---Previous coverage of Unchained on Tornado Cash: --- [Did OFAC Overstep by Sanctioning Tornado Cash?] (https://unchainedcrypto.com/the-chopping-block-did-ofac-overstep-by-sanctioning-tornado-cash-ep-386/) --- [Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?] (https://unchainedcrypto.com/podcast/tornado-cash-sanctioned-did-the-government-overstep-its-bounds-ep-384/) ---Unchained: [Treasury Overstepped With Tornado Cash Sanctions, Rules U.S. Appeals Court] (https://unchainedcrypto.substack.com/i/152231004/treasury-overstepped-with-tornado-cash-sanctions-rules-us-appeals-court) ---Balaji’s [tweet] (https://x.com/balajis/status/1862548217986269495) on Zatoshi and Zethereum ---Bankless: [Roman Storm Speaks - Tornado Cash Developer on What’s at Stake] (https://www.bankless.com/podcast/roman-storm-speaks-tornado-cash-developer-on-whats-at-stake) Timestamps: ---00:00 Intro ---01:39 Why this ruling is a major milestone for crypto ---02:50 The judge’s key reasoning in striking down the sanctions ---04:00 Why Tornado Cash was sanctioned in 2022 ---06:43 How Coinbase became involved in this landmark case ---13:05 Why the District Court initially sided with OFAC ---15:55 Whether the government will appeal, and what’s at stake beyond crypto ---21:22 When Tornado Cash could be used again ---25:07 Are users safe to use relayers for added privacy? ---33:53 Why the 11th Circuit might uphold this ruling ---38:28 Whether Congress is being nudged to rewrite sanctions laws ---40:52 Could new legislation let OFAC target smart contracts again? ---44:46 What this means for Tornado Cash developer Roman Storm ---48:34 Thoughts on Balaji’s idea for ZEthereum ---50:53 How the ruling could influence other privacy projects ---54:08 What sanctions might look like in the fight against money laundering Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

03 Dec 2024

1 HR 00 MINS

1:00:52

03 Dec 2024

#773

The Chopping Block: DeSci Critiques, Hyperliquid's No-VC Model, and Freysa’s AI Games- Ep. 742

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, special guest Casey Caruso from Topology joins the crew to tackle the latest in crypto and tech. They explore the rise of AI memecoins like Freysa, blending gamified AI agents with blockchain mechanics, and the fallout from a major hack. The discussion also highlights Hyperliquid’s $1.9 billion airdrop and its no-VC funding model, signaling new trends in token launches. The crew critiques decentralized science (DeSci), questioning its accountability and funding models, with a spotlight on Pump.Science’s tokenized longevity experiments. Finally, they examine the success of Base’s incentive-light approach and the impact of frameworks like Eliza on crypto’s evolution. Tune in for a dynamic take on innovation, trends, and challenges shaping the crypto world. 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 🔹 The Rise of AI Memecoins: Exploring the explosive trend of AI memecoins like Freysa, their gamification, and unique mechanics. The crew delves into how these coins combine on-chain activity with AI, creating a new layer of engagement and speculation. 🔹 Freysa’s AI: A detailed look at how Freysa’s prize pool was jailbroken, the mechanics behind the attack, and what it reveals about the vulnerabilities of AI agents connected to smart contracts. 🔹 AI Agents and Crypto Innovation: An overview of AI-enabled agents and their crossover into crypto applications, with insights on current limitations, gamification trends, and how AI integrates with Web3 frameworks like Eliza. 🔹 Airdrop Trends and Hyperliquid: Breaking down Hyperliquid’s $1.9 billion airdrop, its innovative “no VC funding” model, and the market impact of launching into a bull market with a high float percentage. 🔹 The Decentralized Science Debate: Analyzing the potential and pitfalls of decentralized science (DeSci), including critiques of funding mechanisms, accountability, and the practicality of crowdfunding drug discovery through tokenized models. 🔹 Base’s Community-Led Success: Examining how Base has attracted top developers and projects without heavy incentive programs, reshaping the playbook for L1 and L2 ecosystems. 🔹 Pump.Science and Longevity Tokens: A closer look at Pump.Science’s tokenized longevity experiments, the mechanics of its funding model, and the aftermath of its private key leak. 🔹 Challenges of Token-Based Funding: Comparing decentralized incentive models for projects like DeSci with the successes and lessons learned from DeFi, highlighting the difficulty of creating effective accountability mechanisms. 🔹 The DAO Debate: Examining the viability of DAOs for deploying funds in high-stakes environments, with skepticism about their long-term effectiveness in innovation. Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing 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 Guest: ⭐️ [Casey Caruso] (https://x.com/caseykcaruso) , Founder Topology [Disclosures] (http://choppingblock.xyz) Timestamps ---00:00 Intro ---01:24 AI Memecoins & Freysa Challenge ---07:07 Open Source Models & Security ---21:15 Hyperliquid Airdrop ---31:16 Blur vs. Blast Points ---37:16 Decentralized Science (DeSci) ---40:04 Criticisms of DeSci ---48:18 Potential & Future of DeSci Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

01 Dec 2024

1 HR 00 MINS

1:00:29

01 Dec 2024

#772

Vitalik Buterin Aped Into the Social Media App Anoncast. What's It About? - Ep. 741

Farcaster-based social media app Anoncast has quickly grabbed the crypto community’s attention—especially after Ethereum creator Vitalik Buterin jumped in. The platform allows users to speak freely while ensuring no one—not even the platform itself—can trace their identity. And in its short week-and-a-half lifespan, it’s already generated thousands of posts. In this lighter, Black Friday edition of Unchained, developer Kartik Patel joins to discuss how Anoncast works and why the platform has taken off so quickly. He shares insights on the challenges of maintaining anonymity in a connected world, how AI intersects with these developments, and what it was like to “nerd-snipe” Buterin. Show highlights: ---What sparked the rise of Anon and how it evolved into a ZK-powered anonymous posting platform ---Kartik’s favorite casts and what he likes about the platform ---Why the platform has evolved so quickly ---How users can make casts ---How Anoncast completely protects the anonymity of all posters ---Kartik’s background in crypto and how he came to be involved in Anoncast ---Why it felt like a “dream” when Vitalik Buterin bought the ANON memecoin ---How AI is intersecting with this new era of social media ---Why Anoncast moderates the posts ---The new feature that was designed to give credit back to users 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/) Guest ---Kartik Patel, developer of [Anoncast] (https://x.com/anoncast_) Links ---Decrypt: [Vitalik Buterin Buys Anon, Token Surged 350%—What's It All About?] (https://decrypt.co/292783/vitalik-buterin-anon-token-surged-350-whats-it-all-about) --- [Viral cast possibly about the Ethereum Foundation selling ETH] (https://x.com/anoncast_/status/1860331293206282242?s=46&t=69TtUb497YXgqeWelZVL2w) Timestamps: ---00:00 Intro ---01:13 How Anoncast became a ZK-powered anonymous platform ---05:02 Kartik’s favorite casts and why they stand out ---06:44 Why Anoncast has caught on so quickly ---07:32 How Anoncast technically enables anonymous posting ---11:40 How anonymity is protected on Anoncast ---13:28 Kartik’s story and future plans for app development ---15:19 Vitalik Buterin’s surprising interaction with Anoncast ---16:56 The role of AI in the new era of social media ---20:03 Why Anoncast moderates the posts ---21:45 A new feature so users can take credit ---23:42 Crypto News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

29 Nov 2024

34 MINS

34:09

29 Nov 2024

#771

What's the Best Way for Ethereum to Grow? Justin Drake and Martin Köppelmann Debate - Ep. 740

Ethereum has been left behind in this bull market. As rivals like Solana gain ground in metrics such as speed, cost, and developer mindshare, questions are being raised about whether Ethereum’s reliance on Layer 2 solutions is the right path forward—or if it needs a more fundamental redesign. In this episode, Martin Köppelmann, co-founder of Gnosis, and Justin Drake, researcher at the Ethereum Foundation, discuss the trade-offs of native and based rollups, execution capacity, and Ethereum’s ability to maintain its dominance. They debate how Ethereum should address fragmentation across rollups, whether ETH has strayed from its ultrasound money narrative, and whether its deliberate pace of innovation could make it vulnerable in an increasingly competitive landscape. Whose ideas will lead Ethereum out of this dark forest? Show highlights: ---03:10 Why Justin is so optimistic about pre confirmations and Ethereum scaling its throughput ---06:15 Whether Ethereum could reach “maintenance mode” within 5 years ---08:20 Whether Ethereum can solve the problem of fragmentation ---20:21 The difference between based rollups and native rollups ---25:29 Why Martin believes that Ethereum is not building for developers ---34:21 What real-time proving is and why it is relevant ---37:46 How programmable native rollups could have different business models from Ethereum but the same security ---44:51 Why most assets on L2s might not actually be secured by Ethereum ---50:24 Whether Ethereum’s consensus layer might see a “clean slate” redesign with the Beam Chain ---58:59 Whether Ethereum’s slow pace of change could leave it vulnerable to competition ---01:06:55 How Ethereum's shift to rollups and blob data has reshaped its ultrasound money narrative by transforming the primary sources of fee burn 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: --- [Martin Köppelmann] (https://x.com/koeppelmann) , Co-founder and CEO of Gnosis ---Previous appearances on Unchained: --- [Are Layer 2s Failing Ethereum? A New Proposal Advocates for Native L2s] (https://unchainedcrypto.com/podcast/are-layer-2s-failing-ethereum-a-new-proposal-advocates-for-native-l2s/) --- [Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?] (https://unchainedcrypto.com/given-the-sanctions-on-tornado-cash-is-ethereum-censorship-resistant-ep-390/) --- [Justin Drake] (https://x.com/drakefjustin) , Researcher at the Ethereum Foundation ---Previous appearances on Unchained: --- [Why MEV Will Always Be Controversial] (https://unchainedcrypto.com/why-mev-will-always-be-controversial/) --- [Did the Merge Make Ethereum ‘the Most Secure Blockchain in the World’?] (https://unchainedcrypto.com/did-the-merge-make-ethereum-the-most-secure-blockchain-in-the-world-ep-397/) --- [Can Bitcoin Be Secured Only by Transaction Fees? Two Researchers Sound Off] (https://unchainedcrypto.com/can-bitcoin-be-secured-only-by-transaction-fees-two-researchers-sound-off/) --- [Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake] (https://unchainedcrypto.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/) Links ---Previous coverage of Unchained on Ethereum layer 2s: --- [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/) --- [Ethereum Scaling With L2s Has Damaged Its Tokenomics. Is It Possible to Fix It] (https://unchainedcrypto.com/ethereum-scaling-with-l2s-has-damaged-its-tokenomics-is-it-possible-to-fix-it/) Beam Chain: ---Unchained: [Ethereum Researcher Justin Drake Proposes Beam Chain Redesign, but Not All OGs Are Onboard] (https://unchainedcrypto.com/ethereum-researcher-justin-drake-proposes-beam-chain-redesign-but-not-all-ogs-are-onboard/) ---Bankless: [You’re Not Bullish Enough! Ethereum Roadmap & Beamchain with Justin Drake] (https://www.youtube.com/watch?v=8mJDt8TGebc) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

26 Nov 2024

1 HR 26 MINS

1:26:30

26 Nov 2024

#770

Spot Bitcoin ETF Options Are Here. Why You ‘Can’t Overstate’ Their Importance - Ep. 739

On Tuesday, options on BlackRock’s bitcoin ETF, IBIT, launched, seeing $1.9 billion worth of those options changing hands on the first day. The launch of these options could mark a turning point for crypto markets, with implications for liquidity, volatility, and institutional adoption. Eric Balchunas, senior ETF analyst at Bloomberg, explains why these options are so significant, who they’re designed for, and how they could impact the broader ecosystem. Plus, he offers some cautionary advice to bitcoiners, gives insight into whether spot ether etf options are on their way, and discusses the odds of SOL ETFs launching. Show highlights: ---What bitcoin ETF options are and why they are relevant for traders and investors ---Whether options will reduce the volatility of BTC ---Why Eric offers caution after seeing bitcoin surging so much recently ---What Eric thinks about the possibility for Bitcoin ETF options to spark a “gamma squeeze” ---What type of investors Eric thinks typically trade options ---Whether regulators treat Bitcoin differently and with prejudice ---What he would like to see from a new SEC ---Why IBIT options will likely dominate the market, according to Eric ---Why Eric was surprised that options on futures ETFs was so low compared to the spot ETFs ---How the launch of options will affect Deribit, the main exchange for trading options ---Whether options for ether spot ETFs are coming as well ---His thoughts on the news that spot SOL ETFs may be moving to the next phase 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 --- [Eric Balchunas] (https://x.com/EricBalchunas) , Senior ETF Analyst at Bloomberg ---Previous appearances on Unchained: --- [Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday] (https://unchainedcrypto.com/why-spot-ether-etfs-are-now-likely-to-be-approved-on-thursday/) --- [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/) --- [Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday] (https://unchainedcrypto.com/why-spot-bitcoin-etfs-are-likely-to-finally-start-trading-on-thursday/) --- [Will a Spot Bitcoin ETF Finally Get Approved?] (https://www.youtube.com/watch?v=isSiGUL0OaY) Links ---Previous coverage of Unchained on bitcoin ETFs options: --- [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/) ---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) Timestamps: ---00:00 Intro ---01:15 Why Bitcoin ETF options are a game-changer for traders ---07:35 How options could impact Bitcoin’s volatility ---11:38 Eric’s cautionary take after Bitcoin’s recent surge ---13:13 Whether price rises will be due to gamma squeezes or a lack of resistance ---16:04 Insights into the typical investors trading ETF options ---16:58 Perceptions of bias against Bitcoin in traditional markets ---18:53 What Eric hopes for under new SEC leadership ---20:47 Why IBIT options might dominate the market ---23:05 Comparison between futures and spot ETF options ---25:20 What IBIT options mean for Deribit’s dominance ---28:58 Are ether spot ETF options on the horizon? ---29:25 What Eric thinks of the filings for SOL ETFs ---32:37 News Recap Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

22 Nov 2024

45 MINS

45:48

22 Nov 2024

#769

The Chopping Block: Polymarket CEO raided by FBI, Ethereum’s Beam Chain, and Trump’s Pro-Crypto Agen...

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, special guest Vance Spencer of Framework Ventures joins the crew to explore Ethereum’s Beam Chain proposal, a bold yet contentious vision for Ethereum 3.0. With promises of quantum resistance, faster transactions, and decentralized staking, is this five-year roadmap a revolutionary leap or an unachievable ambition? The team dives into the tension between Layer 2s and Ethereum’s base chain, alongside Solana’s growing dominance as a UX benchmark. On the political front, the conversation breaks down Trump’s pro-crypto administration. From speculation around key cabinet picks to the potential establishment of a national Bitcoin reserve, they analyze what this new era could mean for regulation, innovation, and the broader market. Tune in for a lively discussion of the forces shaping Ethereum’s evolution and crypto’s role in America’s future. Show highlights 🔹 Polymarket CEO Raided: The crew discusses the FBI’s raid on Polymarket founder Shayne Coplan following the election, raising questions about politically motivated actions and the future of prediction markets. 🔹 Trump’s Crypto Administration: Trump’s pro-crypto agenda, including cabinet picks and a proposed Bitcoin strategic reserve, signals a potential shift in U.S. crypto policy. 🔹 D.O.G.E. and Dogecoin: The Department of Government Efficiency (D.O.G.E.), led by Elon Musk and Vivek Ramaswamy, ignites a Dogecoin rally and highlights crypto’s rising cultural impact. 🔹 Bitcoin’s Surge: Bitcoin hits $94,000, sparking predictions of $250K or more during Trump’s presidency, while the crew debates whether a long-awaited altseason is imminent. 🔹 Ethereum’s Challenges: Ethereum’s Layer 2 friction and Solana’s growing UX dominance fuel concerns over Ethereum’s long-term competitiveness. 🔹 Solana and memecoins: Solana’s connection to memecoin markets strengthens its position as a key rival to Ethereum. 🔹 Crypto Regulation Outlook: The potential for sweeping pro-crypto legislation under Trump’s administration raises hopes for innovation but also risks overexuberance. 🔹 Ethereum 3.0 Skepticism: The Beam Chain proposal reflects Ethereum’s struggle to balance long-term visions with immediate market pressures, drawing comparisons to Solana’s rapid growth. 🔹 Future Price Predictions: Vance and the crew share bold price predictions for Bitcoin and Ethereum, exploring the political and technological forces driving market momentum. Hosts ⭐️ [Haseeb Qureshi] (https://twitter.com/hosseeb) , Managing 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 Guest: ⭐️ [Vance Spencer] (https://twitter.com/pythianism) , Co-Founder Framework Ventures [Disclosures] (http://choppingblock.xyz) Timestamps ---00:00 Intro ---01:36 Trump's Election and Market Reactions ---03:14 Polymarket CEO FBI Raid ---13:37 DOGE or the Department of Government Efficiency? ---16:10 Memecoin Meta Update? ---23:17 Trump's Pro-Crypto Administration ---33:23 Market Sentiments and Predictions ---42:00 Ethereum 3.0 and Beam Chain ---52:17 Ethereum's Future and Competitors Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

21 Nov 2024

1 HR 08 MINS

1:08:36

21 Nov 2024

#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

20 Nov 2024

1 HR 26 MINS

1:26:04

20 Nov 2024

#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 Ethereum layer 2s: --- [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

19 Nov 2024

38 MINS

38:47

19 Nov 2024

#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

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#785

Why Robinhood CEO Vlad Tenev Is Betting Big on Crypto, Stablecoins, and Prediction Markets - Ep. 754

#784

The Chopping Block: 2025 Predictions, AI's Crypto Play, and U.S. Legislation - Ep. 753

#783

Bits + Bips: Bitcoin Keeps Smashing All-Time Highs, and MSTR Joins the Big Leagues - Ep. 752

#782

After an Incredible 2024 for USDe, Ethena Plans to Supercharge Growth - Ep. 751

#781

The Chopping Block: Google’s Willow Chip, ICO Resurgence, and Crypto Dev Trends - Ep. 750

#780

How Solana Beat Out Ethereum to Nab New Crypto Developers in 2024 - Ep. 749

#779

Bits + Bips: Bitcoin in Geopolitics, ETH’s Momentum, SOL ETFs & China’s Crypto Pivots? - Ep. 748

#778

Under the First Crypto President, What Will Regulation of the Industry Look Like? - Ep. 747

#777

The Chopping Block: XRP’s DeFi Comeback, Trump’s Crypto Picks, and Bitcoin at $100K - Ep. 746

#776

Why Trump’s SEC Chair Pick, Paul Atkins, Is So Positive for Crypto - Ep. 745

#775

Bits + Bips: Why XRP Might Have Been The ‘Most Hated’ Rally Ever - Ep. 744

#774

How the Tornado Cash Lawsuit Was Won and Why It Matters - Ep. 743

#773

The Chopping Block: DeSci Critiques, Hyperliquid's No-VC Model, and Freysa’s AI Games- Ep. 742

#772

Vitalik Buterin Aped Into the Social Media App Anoncast. What's It About? - Ep. 741

#771

What's the Best Way for Ethereum to Grow? Justin Drake and Martin Köppelmann Debate - Ep. 740

#770

Spot Bitcoin ETF Options Are Here. Why You ‘Can’t Overstate’ Their Importance - Ep. 739

#769

The Chopping Block: Polymarket CEO raided by FBI, Ethereum’s Beam Chain, and Trump’s Pro-Crypto Agen...

#768

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

#767

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

#766

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

#765

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

#764

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

#763

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

#762

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

#761

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