Episoder
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AI and crypto are two of the hottest topics of the decade, but are there any projects truly making waves at the intersection of both? Bittensor, an open-source, decentralized AI network, is positioning itself as a leader in this space, with its TAO token seeing explosive growth and its model challenging traditional centralized AI companies.
In this episode, we’re joined by Joseph Jacks, aka JJ, founder of OSS Capital, and Sami Kassab, partner at OSS Capital, to explore why they’ve gone all-in on Bittensor. They discuss how Bittensor works, what makes it different from centralized AI models, and why they believe this project could be transformative for both crypto and AI.
Show highlights:
OSS Capital’s background and how they got to invest in Bittensor
Why Sami and JJ are bullish on TAO
What the three roles in the Bittensor ecosystem are
How new subnets incentivize miners to develop AI models
Why it’s so expensive to launch a subnet
Why Bittensor was built on the Polkadot SDK
The pros and cons of rolling out EVM compatibility
What Allora and Commune AI are focused on within the ecosystem
How Bittensor can compete with the big AI companies
The dangers AI poses to humanity and whether Bittensor can mitigate them
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Polkadot
Mantle
Guests:
Joseph Jacks, Founder and General Partner of OSS Capital
Sami Kassab, Partner at OSS Capital
Links
Previous coverage of Unchained on Crypto/AI:
Erik Voorhees' New Venture: Why AI Desperately Needs Privacy and Uncensorability
When AI and Blockchain Meet, How Can Each Technology Benefit?
The Chopping Block: Why AI Will Change the Course of History in Crypto
Learn more:
A Beginner's Guide to AI Tokens
5 Use Cases of AI in Blockchain
Bittensor:
Bittensor’s website
The game theory of TAO
Nous Research leaving Bittensor
Seth Bloomberg’s tweet on “Bittensor’s Network Effects”
Cost of building a subnet
Commune.ai
Allora Network
Timestamps:
00:00 Intro
02:39 Background of OSS Capital and investing in Bittensor
19:06 Why Sami and JJ are bullish on TAO
24:51 The three roles in the Bittensor ecosystem
35:00 How subnets incentivize AI model development
47:50 Why launching a subnet is expensive
50:12 Bittensor’s foundation on the Polkadot SDK
53:00 Pros and cons of EVM compatibility
1:03:03 Focus areas for Allora and Communi
1:06:48 How Bittensor competes with big AI companies
1:09:19 JJ’s take on AI dangers and Bittensor’s role
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With Bitcoin ETF options on the horizon, the crypto market is bracing for significant changes. In this episode, Joshua Lim, co-founder and CEO of Arbelos Markets, joins us to explain what the launch of Bitcoin ETF options means for the broader market. Could they unlock vast amounts of capital and set off a new altcoin boom? Josh also dives into the potential effects on Bitcoin volatility, DeFi lending, and even the onchain options markets. Plus, what could the 2024 U.S. presidential election mean for Bitcoin?
Show highlights:
What are options and why they are significant for bitcoin ETFs
How they will affect the price of BTC
When options will actually launch and what needs to be done
How the launch of IBIT options could lower Bitcoin volatility and compress spreads
Whether dominant players in derivatives will suffer from this launch
How the launch of options could lead to an “altcoin boom”
Why Josh thinks the SEC delayed its decision on ether ETF options
How rising Bitcoin options interest could trigger volatility during major options expiries
What Josh thinks the impact of the US presidential election will be on the markets
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Coinbase
iTrustCapital
Polkadot
Mantle’s FBTC
Guest:
Joshua Lim, Co-founder and CEO of Arbelos Markets
Links
Approval for BlackRock’s IBIT
The Block: Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval
CoinDesk: BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally, Bitwise Predicts
Decrypt: SEC Hits Pause on Ethereum ETF Options Following Bitcoin Nod -
Timestamps:
00:00 Intro
01:48 What Bitcoin ETF options are and why they’re significant
05:41 Impact on BTC price
08:17 When Bitcoin ETF options will launch
10:03 How IBIT options could reduce volatility
15:53 Will dominant players in derivatives be affected?
20:40 How options could trigger an altcoin boom
24:12 Thoughts on potential ether ETF options approval
24:47 Rising Bitcoin options interest and volatility risks
28:22 Impact of the 2024 US election on crypto markets
31:48 News Recap
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Manglende episoder?
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Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Sam Callahan of The NewsBlock to explore how macroeconomic factors and liquidity conditions are driving Bitcoin’s price. They dive into the Federal Reserve's recent rate cuts, the impact of Solana's token unlocks, and why many investors are concerned about a potential liquidity crunch. Plus, the panel discusses whether Bitcoin’s price is increasingly dependent on global M2 money supply, and how BlackRock’s Bitcoin ETF options could impact the market.
Is Bitcoin simply a leveraged macro bet? And could Solana’s unlocks cause a price squeeze?
Show highlights:
Alex and Joe’s takeaways from Token 2049 and Solana Breakpoint
Why there’s so little attention on Bitcoin at these conferences
The SOL vs. ETH trade debate
Why Sam thinks that the Fed cut rates to help the Treasury
Whether they think inflation will persist
How China's rate cuts aim to boost its economy amidst export challenges
How Bitcoin's correlation with global liquidity can break down during speculative bull runs, despite its typical sensitivity to liquidity conditions
The pros and cons of the approval of Bitcoin ETF options
Why fears about BlackRock and Coinbase's bitcoin holdings are unfounded, according to James
Sponsors:
Gemini
Stellar
Hosts:
James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard
Joe McCann, Founder, CEO, and CIO of Asymmetric
Guest:
Sam Callahan, Current Free Agent Analyst & Scribe of the NewsBlock
Sam’s research post with Lyn Alden
Links
Coverage of Unchained on Token 2049 and Solana Breakpoint:
Should the Solana Foundation Be Dissolved? Yes... and No...
$1.3 Billion Market Cap BONK Caught Asymmetric Financial's Eye at $28 Million, Founder Tells Solana Breakpoint Event
Bring Back ICOs, Says Multicoin Capital’s Tushar Jain, Winning Agreement From Debate Adversary Qiao Wang of AllianceDAO
PYTH Stakers Get Carrots and Sticks as Douro Labs Rejigs Staking Mechanism
DeFi Protocol Sky, Formerly MakerDAO, to Launch on Solana Blockchain
Firedancer Efforts Bring Solana a Step Closer to Leap in Processing Power, Says Jump Trading’s Science Chief
Stoner-Originated Proof-of-Liquidity Network Berachain Scores a Hit at Token2049
SOL vs. ETH
Unchained: SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani
Alex’s tweet: “Ironically $SOLETH is barely up in 2024”
Rate cuts and macro:
Fed Cuts Rates for First Time Since 2020
China:
Reuters: China's central bank unveils most aggressive stimulus since pandemic |
ETF options:
CoinDesk: BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally
Decrypt: SEC Hits Pause on Ethereum ETF Options Following Bitcoin Nod -
Kamala Harris:
Unchained:
Kamala Harris Makes Her First Comments on Crypto
Harris Commits to Prioritizing Emerging Industries Like Blockchain in Speech
Timestamps:
00:00 Intro
02:55 Takeaways from Token 2049 and Solana Breakpoint
07:14 Little Bitcoin interest me at conferences
12:23 The SOL vs. ETH trade debate
17:32 Sam’s view on the Fed’s rate cuts
28:55 Will inflation persist?
41:14 China’s rate cuts and economic boost
49:44 Bitcoin’s correlation with global liquidity
1:02:43 Pros and cons of Bitcoin ETF options
1:13:23 BlackRock and Coinbase Bitcoin holdings fears
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The Fed just made its first rate cut in years, slashing 50 basis points off interest rates—but what does this mean for the crypto markets? With Bitcoin lagging behind traditional finance, and the looming U.S. elections, uncertainty is growing.
In this episode, Quinn Thompson of Lekker Capital and Travis Kling of Ikigai Asset Management break down the major factors influencing the markets: from Bitcoin’s sluggish summer and the unwinding of the Japan yen carry trade, to why the 2024 elections could be a pivotal moment for crypto. Are these the catalysts we’ve been waiting for, or should we brace for more turbulence ahead?
Also, they cover which assets could benefit the most under a Trump administration, and why they believe SOL could have a negative catalyst in the near future.
Show highlights:
Why the Fed cut rates by 50 basis points and what the chances of a recession are in the U.S.
Why Bitcoin has underperformed the broader TradFi markets this summer
The risks of the unwinding of the Japan carry trade for crypto
How the election results might matter differently for different sectors of the industry
Whether rate cuts affect stablecoin yields in DeFi
How the approval of Bitcoin ETF options will affect the price of BTC
Whether Bitcoin miners will be affected by AI’s need for computing power
Ether’s lagging performance this year and what might be a huge catalyst for ETH
How SOL will manage through the huge unlock in early 2025
What Quinn and Travis think about investing in memecoins
How the rise of Base will impact Coinbase
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
Mantle
Gemini
Guests:
Quinn Thompson, CIO of Lekker Capital
Travis Kling, Founder and CIO of Ikigai Asset Management
Previous appearance on Unchained: With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold
Links
Rate cuts
Unchained:
Fed Cuts Rates for First Time Since 2020; Bitcoin Remains Mostly Flat
Fed Rate Cut Should Spur Crypto Investors to Load up on Memecoins, Asymmetric Founder Tells Token2049
Bitcoin Is Now in a ‘Classic Setup’ to Surge Higher Soon, Analysts Say
Bitcoin and the Crypto Markets Slump as Fed Faces Tough Rate Cut Decision
What Do Cooling Inflation and Rate Cuts Mean for Crypto and Bitcoin Prices?
ETH performance and L2s:
Unchained:
SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani
Ether Has Been a Much Worse Investment Than Both Gold and Silver So Far This Year
Are L2s 'Parasitic'? Analysis Shows Ethereum Only Gets a Tiny Percentage of Fees
Alex Kruger’s tweet: “Ironically $SOLETH is barely up in 2024”
Bitcoin ETF options:
CoinDesk: BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally, Bitwise Predicts
Mining and AI:
TIME: Why So Many Bitcoin Mining Companies Are Pivoting to AI
Timestamps:
00:00 Intro
02:09 Fed rate cut and recession chances
12:34 Bitcoin’s underperformance this summer
14:56 Risks of Japan carry trade unwinding
21:3 Election impacts on crypto sectors
38:00 Rate cuts and DeFi stablecoin yields
43:00 Bitcoin ETF options
49:31 AI’s impact on Bitcoin miners
54:38 Ether’s lagging performance and future catalysts
1:03:19 SOL’s 2025 unlock concerns
1:10:39 Investing in memecoins
1:18:15 Base’s rise and Coinbase impact
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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 squad is live from Token2049 in Singapore and joined by special guests Mo Shaikh, CEO and Co-Founder of Aptos Labs, and Arthur Hayes, CIO at Maelstrom. In this episode, they tackle the buzz around Trump’s DeFi projects, the challenges of hosting Token2049 during F1, and the controversy surrounding Iggy Azalea’s cancelled debate. The conversation also covers the macro impact of potential Fed rate cuts, the role of celebrity coins, and the future of global crypto adoption. Don't miss this insightful live discussion in front of the Token2049 audience!
Show highlights
🔹 Token2049 Event: Token2049 faced logistical challenges due to Singapore’s F1 weekend, resulting in heavy traffic and delays for attendees.
🔹 Canceled Celebrity Coin Debate: Iggy Azalea’s debate with Eric Wall about celebrity coins was canceled due to conflicts with Singaporean regulations, which prevented her planned on-stage stunts.
🔹 World Liberty Financial Overview: The Trump family’s DeFi project, World Liberty Financial, is scrutinized for its lack of clear direction and concerns over the 70% insider token pre-allocation.
🔹 Fed Rate Cuts and Market Implications: Potential Fed rate cuts and their impact on the dollar-yen exchange rate could lead to liquidity crises and increased market volatility.
🔹 Celebrity Coins and Memecoins: A look into celebrity coins and memecoins raises questions about their value, considering whether they bring meaningful attention to crypto or are merely speculative distractions.
🔹 Korea vs. Japan in Crypto: Korea’s active crypto trading culture and crypto-friendly policies contrast with Japan’s more cautious, restrictive approach, reflecting different market dynamics.
🔹 Global Crypto Adoption Rankings: Skepticism is expressed regarding India’s top spot in Chainalysis’ Global Crypto Adoption Index, with a case made for Korea ranking higher than 19th.
🔹 Aptos and Mainstream Adoption: Aptos is pushing for mainstream adoption through partnerships in Korea and innovations like the Aptos card, offering integrated cold storage and new financial products.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures
Guest
⭐️ Mo Shaikh, CEO and Co-Founder of Aptos Labs
⭐️ Arthur Hayes, CIO at Maelstrom
Disclosures
Links
The 2024 Global Adoption Index: Central & Southern Asia and Oceania (CSAO) Region Leads the World in Terms of Global Cryptocurrency Adoption: https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/
Timestamps
0:00 Intro
00:49 TOKEN2049
06:20 $10 Billion FDV? World Liberty Financial
16:10 Allure of Memecoins & Celebcoins
19:06 Beyond Memecoin Adoption
20:27 Global Crypto Adoption Ranking
24:43 Korea vs. Japan's Crypto Scenes
29:19 Macro Trends and Fed's Impact
35:26 Crypto's Resilience Against Regulation
40:00 The Future of Crypto and Decentralization
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This week, Republican Representatives Tom Emmer and Patrick McHenry sent a letter pressing SEC Chair Gary Gensler for clarity on how securities laws apply to airdrops.
With billions of dollars worth of tokens airdropped this year alone, projects need clarity more than ever.
In this episode, Amanda Tuminelli, Chief Legal Officer of the DeFi Education Fund, dissects the SEC’s stance on airdrops, why her organization believes the SEC has stretched the legal definition of “compensation” too far, and what Congress might ask Gensler in his upcoming hearing.
Plus, she talks about how the SEC “regrets” any confusion it caused for using the term “crypto assets securities,” since the agency now admits that tokens themselves are not securities.
Show highlights:
Why Amanda believes the SEC’s position on airdrops doesn’t make sense
Why the DeFi Education Fund sued the SEC over the BEBA airdrop
How the SEC’s position on airdrops has been clear for a while, but is “wrong” according to Amanda
Her take on users bypassing the geographic restrictions to claim airdrops in the U.S.
How and why the SEC has changed its language around “crypto assets securities”
How the SEC’s new position on crypto assets implicating securities laws seems to rest on the “embodiment” theory
Why Amanda believes the Supreme Court or Congress may be needed to step in
What Amanda expects Congress to question Gary Gensler about in the hearing next week
Amanda’s takeaways from the first Congressional DeFi hearing last week
How she expects the presidential election will impact the regulatory landscape in the U.S.
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Coinbase
iTrustCapital
Polkadot
Mantle
Stellar
Guest
Amanda Tuminelli, Chief legal officer of the DeFi Education Fund
Previous appearances on Unchained:
Gary Gensler’s Case Against Uniswap: Does the SEC Even Stand a Chance?
Is This the End of DeFi? Why the US Government Is Going After Tornado Cash
Links
Airdrops:
Blockworks: Republican Reps. ask Gensler for clarity on how securities laws apply to airdrops -
Gabriel Shapiro’s tweet: “We may *disagree* that the position is correct but it's not unclear.”
CoinDesk: Crypto Airdrops Ban U.S. Users, but Americans Are Claiming Tokens Anyway
SEC’s amended complaint in the Binance case
BEBA case
DeFi Education Fund suing the SEC
First Congressional Hearing on DeFi
Unchained: First Congressional Hearing on DeFi Highlights Divide Between Republicans and Democrats
Timestamps:
00:00 Intro
01:42 SEC’s stance on airdrops
04:25 DeFi Education Fund’s lawsuit over BEBA
06:47 Amanda: SEC’s position on airdrops is “wrong”
08:27 Users bypassing geographic restrictions for airdrops
12:47 Why the SEC suddenly apologized for using the term “crypto asset securities” for years
16:47 Amanda’s take on what the SEC’s new theory is for why tokens fall under securities laws
17:43 Why Supreme Court or Congressional involvement is likely needed
19:01 What Congress might ask Gensler in a hearing next week
19:59 Key takeaways from the first Congressional DeFi hearing
20:43 Amanda’s take on how the presidential election might impact crypto
23:45 News Recap
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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 squad is joined by special guest Mert Mumtaz, co-founder of Helius. In this episode, the crew dives into the growing rivalry between SVM and EVM, the surge of VC investments in the Solana ecosystem, and the fierce debate over rollups. They also explore the rise and fall of memecoins, Solana’s infrastructure evolution, and the future for high-performance blockchains. Tune in for a high-energy discussion on the cutting edge of crypto!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights
🔹 SVM vs. EVM Showdown: The team breaks down the growing battle between Solana's SVM and Ethereum's EVM, examining what’s at stake for both ecosystems.
🔹 VC Investments in Solana: As VC interest in Solana surges, the crew discusses how this new wave of funding could reshape the future of blockchain development.
🔹 Memecoin Chaos: The rapid rise and fall of memecoins comes under fire, with a debate on whether they are a net positive or simply speculative noise in the market.
🔹 Solana’s Infrastructure Evolution: Solana's ongoing efforts to improve scalability and performance are highlighted, especially with innovations like Fire Dancer and ZK compression.
🔹 Network Extensions Controversy: A heated discussion on Solana’s push to rebrand rollups as “network extensions,” sparking backlash from Ethereum proponents.
🔹 VC vs. Market Sentiment: The role of venture capital in the crypto space is examined, with insights into whether VCs are driving innovation or creating unsustainable hype.
🔹 Solana Breakpoint Preview: Excitement builds around Solana’s flagship event, with predictions on what key announcements could impact the blockchain’s future.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures
Guest
⭐️ Mert, Co-founder & CEO at Helius
Disclosures
Timestamps
0:00 Intro
02:02 Impressions of Singapore
07:55 Mert's Journey & Solana Advocacy
15:41 Challenges & Growth in Solana Ecosystem
21:01 EBOLA [EVM Bags Over Logic Affliction]
31:13 Solana's Resilience
34:38 The Rise of SVM and Developer Perspectives
41:41 Network Extensions vs. Rollups
51:08 Future of High-Performance Blockchains
59:47 AI's Impact on Developer Ecosystems
01:06:19 Memecoins and Market Dynamics
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World Liberty Financial (WLF), the Trump-backed DeFi project, launched this Monday.
In this episode, crypto security expert Ogle discusses his role as an advisor to WLF. He dives into why he joined the project, what makes it unique, and how Trump’s involvement could bridge the gap for many who are new to the space.
Plus, Ogle shares his thoughts on the security challenges WLF might face and the project's potential to rival major players in the market.
He also touches on his new L1 blockchain Glue, and why he thinks it will provide a better user experience than what is out in crypto today.
Show highlights:
2:05 Ogle’s background and how he came up with a standard for dealing with crypto hacks
10:28 Where crypto hackers are usually from
13:21 Why he does security work for free
16:57 Why Ogle is advising the Trump family’s DeFi project, World Liberty Financial
22:30 Why some in the crypto community are skeptical of WLF
26:39 His thoughts on how to prevent a crypto hack of a high-profile project
32:52 Why Ogle is not worried about WLF having been forked from the hacked app Dough Finance
33:54 How the Trump family is involved in WLF
41:00 How Donald Trump is excited about the project and actually gets it, according to Ogle
43:49 Why Ogle believes WLF will attract as much traction as the entire market cap of Shiba Inu
47:04 How Ogle's new layer 1 blockchain, Glue, aims to be crypto’s AOL
56:33 Why Glue’s L2s will be specific to certain areas of the industry
1:02:41 When Ogle expects Glue to launch and whether it’ll have a token
1:04:19 How North Korean hackers are now “just so clever, socially”
1:13:56 Ogle’s tips for crypto 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
Mantle
Stellar
Gemini
Guest:
Ogle, crypto security expert, founder of Glue, and advisor to World Liberty Financial.
Previous appearance on The Chopping Block: How This DeFi Hack Negotiator Gets Hackers to Return Stolen Money
Links
World Liberty Financial (WLFI)
Unchained: Trump’s New DeFi Project Could Be a Magnet for Hackers
CoinDesk: In Trump-Backed Crypto Project World Liberty Financial (WLFI), Insiders Are Poised for Unusually Big Token Payouts
IBTimes: Donald Trump Announces DeFi Project's Launch Date – What To Know About World Liberty Financial
Latin Times: Who Is Ogle? The Crypto Sleuth Recruited As An Advisor For Trump's DeFi Project
Glue:
Glue, The Web3 Network Built for Regular Users
How Glue Will Keep User Assets Safe
Scams and North Korea:
FBI Fraud report
North Kora Aggressively Targeting Crypto Industry with Well-Disguised Social Engineering Attacks
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Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news in crypto. This week the squad is joined by special guest Jason Choi, co-founder of Tangent. In this episode the crew tackles the overvaluation of crypto projects by VCs, Friend.Tech’s 96% token crash, and the ethics of early token launches They also explore how airdrop farming skews user metrics, the volatility of memecoins, and whether VCs are extracting more value from crypto than they contribute. Tune in for insights into the ever-evolving crypto landscape!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights
🔹 Friend.Tech Token Crash: Friend.Tech’s token dropped 96%, highlighting the risks of launching tokens without sustainable product planning and user retention strategies.
🔹 Project Exits and Ethics: Early token launches raise concerns about ethical obligations when teams abandon projects, with accusations of rug-pulling increasing.
🔹 Airdrop Farming’s Impact: Airdrop farming distorts true user engagement, leading to inflated metrics that misrepresent product-market fit and real user growth.
🔹 Venture Capital in Crypto: Low barriers for VCs have led to inflated project valuations, often resulting in overhyped, underdelivered crypto ventures.
🔹 Challenges of Early Token Launches: Early token releases often harm long-term project potential by confusing market signals and damaging user retention.
🔹 VC vs. Liquid Funds: Debate over whether venture capital is extracting value from crypto or whether liquid funds can improve market efficiency.
🔹 Hedge Funds and Market Efficiency: Hedge funds may improve market liquidity, but their impact on long-term crypto growth remains under scrutiny.
🔹 Speculative Markets and Long-Term Value: The crypto market continues to grapple with balancing short-term speculative plays and the creation of sustainable, long-term value.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures
Guest
⭐️Jason Choi, Co-Founder of Tangent
Disclosures
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On Thursday, Coinbase unveiled cbBTC, a tokenized version of Bitcoin on its Base layer 2 and Ethereum. This launch follows the recent BitGo controversy about the custody arrangement for Wrapped Bitcoin (WBTC) now involving Justin Sun, sparking concerns within the crypto community.
In this episode, Will Robinson, Coinbase’s VP of engineering, discusses the strategic importance of cbBTC, how it differs from other wrapped Bitcoin products, and what this means for the future of Bitcoin within DeFi ecosystems.
Will Coinbase’s reputation as a "trusted custodian" be enough to make cbBTC the go-to choice for Bitcoin in DeFi, or will the industry remain skeptical?
01:54 Why Coinbase launched cbBTC and how it aims to bring Bitcoin into the world of DeFi
04:05 What happens behind the scenes when users mint cbBTC
05:21 What sets cbBTC apart from other wrapped Bitcoin options, according to Will
06:32 Whether Coinbase will expand cbBTC to other layer 2s and where users can already use it on major DeFi platforms
08:45 Will’s response to criticisms about the centralization of cbBTC
12:28 Why Coinbase's cbBTC launch was part of long-term plans, unrelated to the recent controversy around WBTC and Justin Sun
13:31 How Coinbase plans to make money from cbBTC, considering that WBTC has not been a big moneymaker for BitGo
15:38 Why Coinbase has the ability to freeze and blacklist cbBTC addresses
19:34 How Coinbase ensures that Bitcoin backing cbBTC remains the property of token holders and won’t be used as collateral or rehypothecated
20:58 Why Coinbase, a centralized entity, is launching cbBTC, a product for the decentralized, onchain world
23:57 Why Will doesn't want to predict how much demand there'll be for cbBTC
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
iTrustCapital
Polkadot
Mantle’s FBTC
Gemini
Stellar
Guest
Will Robinson, VP of Engineering at Coinbase
Links
cbBTC
Unchained: Coinbase’s Wrapped Bitcoin Product cbBTC Launches on Base and Ethereum
BitGo changing custody and its implications:
Unchained:
Wrapped Bitcoin (WBTC) Redemptions Vastly Outpaced Minting Since BitGo’s Custodial Changes Announcement
Lending Protocol Aave to Propose Onboarding TBTC in Response to Concerns About Latest WBTC Custodial Changes
Could dlcBTC Resolve the Issues With Wrapped Bitcoin?
BitGo Abruptly Pivots on Holders of WBTC Multi-Sig Keys Following Community Outcry
MakerDAO Considers Offboarding WBTC as BitGo Plans Custody Changes
Aave DAO’s Chaos Labs Says ‘Risk-Off’ Recommendation for WBTC ‘Premature’
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As crypto markets continue to struggle, experts weigh in on whether the capitulation phase is finally over and what lies ahead. In this episode, hosts James Seyffart and Joe McCann, along with guest Noelle Acheson, delve into the recent market downturn, the potential for a recession in 2025, and why Bitcoin's divergence from gold is puzzling analysts. They also explore the impacts of upcoming rate cuts, the lingering effects of fiscal dominance, and whether Ethereum ETFs are living up to the hype.
Show highlights:
Why crypto has been down so bad recently despite the macro cycle
The three factors weighing on the bitcoin price for the moment, according to Noelle
The chances of a recession in the U.S. in 2025 and how much the Fed might cut rates
Why the current rate-cutting cycle is unusual, with markets expecting far more cuts than usual, and how a potential spike in inflation could complicate the Fed's response
Why the K-shaped economy endures, driven by the U.S. government's reliance on capital gains taxes
Why fiscal dominance is a growing concern and why bitcoin's recent divergence from gold is puzzling, as they typically move together during crises
Whether retail has been a buyer of the spot Bitcoin ETFs or it’s just onchain traders who are now buying them
Why James says the Ethereum ETFs “have been an absolute flop"
Sponsors:
Gemini
Stellar
Hosts:
James Seyffart, Research Analyst at Bloomberg Intelligence
Joe McCann, Founder, CEO, and CIO of Asymmetric
Guest:
Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter
Timestamps:
00:00 Introduction
03:35 Why crypto is struggling recently
09:16 Three key factors weighing on Bitcoin's price
15:12 Chances of a 2025 U.S. recession and potential Fed rate cuts
25:55 Unusual rate-cutting cycle and inflation risks
32:06 Enduring K-shaped economy and capital gains tax impact
34:37 Concerns about fiscal dominance and Bitcoin’s divergence from gold
54:57 Retail vs. onchain traders in spot Bitcoin ETFs
1:01:43 Whether Ethereum ETFs have been a "flop"
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Ethereum's Layer 2 solutions are booming, but are they inadvertently holding back the value of ETH itself?
In this episode, Justin Bons and Ryan Berckmans engage in a heated debate over whether L2s are enhancing Ethereum's ecosystem or siphoning off its potential. They discuss the impact of L2s on decentralization, network effects, and whether Ethereum L1 can scale on its own or if the base layer and the rollups now have different incentives. Has Ethereum scaled appropriately for future usage, or was scaling via L2s the wrong roadmap for Ethereum?
Show highlights:
02:43 How Ethereum's rollup-centric roadmap consists of a decentralized Layer 1 (L1) for security with Layer 2 (L2) providing more transaction throughput
04:53 Why Justin is so critical about how L2s centralize Ethereum
14:53 Why, according to Ryan, Layer 2 solutions aren't parasitic to Ethereum but instead enhance its network effects, decentralization, and long-term value
25:35 Why Justin criticizes Ryan’s reliance on "trust me, bro" arguments, questioning the tribalism and authority in claiming the superiority of Ethereum researchers over those from other blockchains
28:15 How Justin thinks the Ethereum L1 could scale and what the tradeoffs are
39:58 Justin’s argument that Ethereum is stuck in the past and his claim that the blockchain trilemma doesn't exist anymore
46:30 Ryan’s take on Ethereum's L1 scaling focuses on solving bandwidth limitations and addressing whether L2s are going to fully decentralize
51:01 Whether SNARKS is the way that Ethereum scales the L1
59:24 Whether L2s will start accepting other tokens to pay for gas
1:05:23 Why Ryan predicts Ethereum's L2 adoption will surge, driving up L1 fees and boosting Ether's value as the leading digital money
1:05:39 Whether based rollups are a good solution for Ethereum to scale without losing all the fees
1:13:21 Why L2s would even try to decentralize and why Justin says that Solana has a better roadmap than Ethereum
1:17:54 Concluding thoughts from Ryan and Justin
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guests:
Justin Bons, Founder & CIO of Cyber Capital
Previous appearances on Unchained:
Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off
Ryan Berckmans, Ethereum community member and investor
Links
Previous coverage on Unchained of ETH and L2s:
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?
Ethereum Has Had a Banner Year in Most Areas. Except Price.
Should Ethereum Layer 2s Urgently Decentralize Their Sequencers?
Others
Justin’s thread on whether L2s are parasitic
Tweet by Zach Rynes, aka ChainLinkGod
Adam Cochran’s tweet on based rollups
Ethereum Foundation September AMA
Vitalkin on L2s
How do layer 2s really differ from execution sharding?
Layers 2s as cultural extensions of Ethereum
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The SEC and CFTC’s recent actions against Uniswap and Galois Capital could mark a turning point in crypto regulation. With both firms settling on relatively low fines, are we witnessing regulators establish precedent for a broader crackdown on the industry?
In this episode, Larry Florio, general counsel at 1kx, delves into the implications of these settlements, the frustrations asset managers face with regulatory compliance, and whether the SEC’s approach could push the crypto industry into a corner. Will these actions set a precedent for more aggressive enforcement ahead?
Show highlights:
Why the SEC's action against Galois Capital highlights a shift in language, focusing on tokens "offered and sold as securities"
What a qualified custodian is and why the SEC's action against Galois punishes them for using FTX, which could have fit one definition of a qualified custodian if it hadn’t been perpetrating a fraud
How the SEC demands crypto fund managers comply with regulations on qualified custodians while also limiting qualified custodians in crypto
Whether the SEC is effectively banning crypto funds by requiring compliance with impossible rules
How the SEC penalized Galois for giving affiliates better liquidity terms than outside investors
How SEC Commissioner Mark Uyeda’s call for clarity on "crypto asset securities" reflects the industry’s frustration with the lack of clear guidelines from the SEC
Why the CFTC's fine against Uniswap for alleged leveraged transactions may set a precedent for future enforcement actions
How Commissioner Summer K. Mersinger's dissent highlights the unfairness of punishing Uniswap despite their proactive compliance, according to Larry
Whether the New York Attorney General’s subpoenas to VCs about Uniswap signal a renewed adversarial approach to regulating DeFi
The timing of these actions, along with the SEC’s Wells notice to OpenSea
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guest
Larry Florio, general counsel at 1kx
Timestamps:
➡️ 01:51 - The SEC using different language to describe tokens as securities
➡️ 04:53 - Qualified custodians & Galois Capital's use of FTX
➡️ 09:04 - Compliance frustrations for crypto asset managers
➡️ 11:58 - The SEC effectively banning crypto funds?
➡️ 18:22 - Penalty for giving some investors undisclosed preferential treatment
➡️ 18:25 - SEC Commissioner Mark Uyeda’s call for clarity on crypto assets
➡️ 19:35 - CFTC's fine against Uniswap: A troubling precedent?
➡️ 23:09 -Uniswap's compliance efforts & two CFTC Commissioners’ dissents
➡️ 24:56 - NY Attorney General’s subpoenas
➡️ 27:04 - OpenSea’s Wells notice: NFTs as securities?
➡️ 30:34 - Crypto News Recap
Links
Galois Capital:
The Block: SEC charges and settles with crypto-focused Galois Capital over custody issues
Larry Florio’s thread
Uniswap:
CoinDesk: Uniswap Labs Settles CFTC Charges Over 'Illegal' Margin Products
Blockworks: CFTC Commissioners dissent on Uniswap settlement
Comments from Uniswap counsel
Axios: The SEC has questions for VCs about Uniswap
NY Attorney General’s Subpoenas
CoinDesk: VC Giants a16z, Union Square Ventures Get Subpoenaed by New York About Uniswap: Sources
OpenSea’s Wells notice:
Unchained: If the SEC Sues OpenSea, Here's Why the NFT Platform Could Win Easily
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Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. In this episode, the boys tackle the buzz around World Liberty Financial, a controversial DeFi project linked to Donald Trump, and its ties to a previously hacked protocol. They explore the motivations behind the Trump family's involvement in crypto, questioning the legitimacy and future of the project.
The conversation pivots to memecoins, with debates around the sustainability of the memecoin market and the growing influence of platforms like Pump.fun. We explore the thought-provoking discussion on the evolution of financial games in crypto, where both strategies and the game's rules can change dynamically. The squad also reflects on broader crypto market trends, touching on AI-driven markets, decentralized finance, and the shifting regulatory landscape.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights
🔹 World Liberty Financial, a DeFi project allegedly linked to Donald Trump, sparks controversy with its origins in a hacked protocol.
🔹 Debate on the motivations behind Trump family involvement in crypto, questioning the legitimacy of World Liberty Financial.
🔹 Discussion around memecoins and their market cycles, with concerns about the sustainability and long-term viability of these tokens.
🔹 The concept of dynamically adjusting financial rules in crypto systems, contrasting it with traditional finance.
🔹 Pump.fun reaches $100M in revenue, marking it as a dominant memecoin platform, but also raising questions about the health of the memecoin ecosystem.
🔹 The innovation in memecoins, suggesting that dynamic mechanics could extend the life cycle of these tokens.
🔹 Broader reflections on the future of memecoins, potential market corrections, and how the crypto ecosystem will adapt.
🔹 Speculation on the continued rise of AI-driven markets and the evolving role of decentralized finance in a digital-first world.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures
Disclosures
Links
Coindesk article: “Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist”
https://www.coindesk.com/business/2024/09/04/in-trump-backed-crypto-project-insiders-are-poised-for-unusually-big-paydays
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As the 2024 elections draw near, Bitcoin and crypto have become hot topics on the political stage. In this episode, Trey Walsh, host of The Progressive Bitcoiner podcast, and Jason Maier, author of “A Progressive’s Case for Bitcoin,” explain why they believe progressive values align with Bitcoin. They discuss how Bitcoin can be a tool for social justice and financial inclusion, challenge misconceptions about its environmental impact, and debate whether making Bitcoin a presidential issue in 2024 was premature.
With Elizabeth Warren attacking crypto and the unfriendly environment for the industry under the Biden administration, the guests also highlight that there’s a slight change in the Democratic party, though they are not certain that the Harris campaign will adopt a pro-Bitcoin stance.
Show highlights:
How Trey and Jason became Bitcoiners
What progressivism means to Trey and Jason, highlighting Bitcoin's alignment with social justice and financial inclusion, beyond its typical libertarian associations
How Jason and Trey persuade skeptical progressives about Bitcoin
Whether they believe that other areas of crypto besides Bitcoin have value
Why they think Bitcoin’s environmental impact is the biggest misconception among progressives
Whether Elizabeth Warren’s focus on consumer protection blinds her to Bitcoin as a tool for financial inclusion
Why Jason believes pushing Bitcoin as a presidential issue in 2024 was premature
Why Trey sees potential hope for pro-crypto policies under a potential Harris administration, despite the hostility of the Biden administration
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
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Guests:
Trey Walsh, host of The Progressive Bitcoiner podcast
Jason Maier, author of “A Progressive’s Case for Bitcoin”
Trump and the Future of Bitcoin, Jason’s op-ed
Timestamps:
➡️ 02:06 - How Trey and Jason became Bitcoiners
➡️ 05:14 - Bitcoin, progressivism & social justice
➡️ 11:24 - Persuading skeptical progressives
➡️ 16:19 - Value beyond Bitcoin? Other cryptos
➡️ 21:46 - Environmental impact misconceptions
➡️ 34:36 - Elizabeth Warren & Bitcoin: Consumer protection vs. financial inclusion
➡️ 41:24 - Was making Bitcoin a 2024 election issue premature?
➡️ 55:15 - Potential for pro-crypto policies under Harris?
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Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. In this episode, the squad is joined by Rebecca Rettig, Polygon’s Chief Legal & Policy Officer, to dissect the SEC's impact on the crypto landscape, particularly focusing on OpenSea's Wells notice and impending legal challenges.
They discuss the arrest of Pavel Durov, Telegram's founder, analyzing the political and cybersecurity ramifications. The conversation shifts to the internal frictions within the Ethereum Foundation and Vitalik Buterin's criticism of DeFi, reflecting the community's mixed reactions. The broader implications for the crypto industry, privacy, and regulatory clarity are highlighted with special insights from guest Rebecca Rettig, who adds depth on the legal and historical context. Wrapping up, they anticipate future challenges and emphasize staying informed.
Show highlights
🔹 Arrest of Telegram founder Pavel Durov in France sparks global free speech and encryption debates.
🔹 Impact of Pavel Durov's charges on Telegram's role in global communication and crypto communities.
🔹 DeFi protocols face challenges with decentralization, privacy, and regulatory pressures.
🔹 OpenSea receives a Wells notice from the SEC, raising concerns about NFT marketplaces and royalty enforcement.
🔹 Ethereum Foundation's spending and Vitalik Buterin's critical comments on DeFi stir community debate.
🔹 Tension between public goods and financial services in Ethereum's future development.
🔹 Real-World Assets (RWAs) and their controversial role in Ethereum's ecosystem.
🔹 Speculation on future Ethereum protocol changes and their impact on network efficiency and user experience.
🔹 Broader implications of the SEC's aggressive stance towards crypto exchanges and NFT platforms.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures
Special Guest
⭐️Rebecca Rettig, Chief Legal & Policy Officer at Polygon Labs
Disclosures
Links
Plurality philosophy in an incredibly oversized nutshell by Vitalik:
https://vitalik.eth.limo/general/2024/08/21/plurality.html
OpenSea’s response to SEC Wells notice “Taking a stand for a better internet” by Devin Finzer
https://opensea.io/blog/articles/taking-a-stand-for-a-better-internet
Timestamps
00:00 Intro
01:24 Telegram’s Pavel Durov’s Arrest
05:12 Free Speech/Encryption in the Crypto World
09:26 Policy Implications for Tech Platforms
13:57 France's Role and International Reactions
27:49 SEC Targets OpenSea
36:35 SEC’s Jurisdictional Strategies
40:29 Good vs. Bad Actors
45:16 Ethereum Foundation: Public Good or DeFi?
56:43 Vitalik vs. Crypto Twitter
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The SEC’s latest enforcement action is targeting NFTs, and OpenSea is in the crosshairs. In this episode, crypto lawyer Preston Byrne joins to unpack the implications of the SEC's Wells Notice to OpenSea and what it might mean for the platform and the broader NFT market. Could Section 230 of the Communications Decency Act provide a unique defense for OpenSea? Preston also dives into other recent SEC moves, including cases against Stoner Cats, Impact Theory, and more.
Lastly, with the 2024 elections looming and political divides sharpening, is the SEC overreaching in its approach to crypto?
Show highlights:
Why Preston believes that the SEC will go after OpenSea for being an unregistered securities exchange
What the Stoner Cats case was about and why it was not a strong enforcement action, according to Preston
Why OpenSea's defense against the SEC may hinge on Section 230 protections for user-generated content, setting it apart from traditional exchanges like Coinbase or Binance
How the clear-cut promises made by Impact Theory about potential returns made their NFTs resemble securities, unlike the typical art-focused NFTs on OpenSea
Why Nate Chastain’s NFT insider trading case is unlikely to impact the SEC’s potential lawsuit against OpenSea
Whether the $4 million settlement by Dapper Labs over NBA Top Shot NFTs likely represents little relevance to OpenSea's SEC issues
What a Wells notice signals about the SEC's likelihood of suing OpenSea and why they might feel confident about winning this case
How Jonathan Mann and Brian Frye's lawsuit for clarity on NFTs as securities highlights the SEC's potentially overreaching stance in its possible case against OpenSea
How Trump's careful language around his NFT collection likely minimizes SEC risk by avoiding investment promises and focusing on their use as digital collectibles
Whether the SEC's actions could reinforce the divide among crypto voters, with Trump promising a crypto-friendly stance and Harris likely continuing a more adversarial approach
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guest
Preston Byrne, Managing Partner at Byrne & Storm
Links
Wells notice
Original announcement by X by OpenSea’s CEO Devin Finzer
Unchained: OpenSea's Wells Notice From the SEC Could Prove ‘Disastrous’
Recent cases
Unchained: Are NFTs Securities Offerings? Two Artists Sue the SEC to Find Out
The Defiant: NFTs Are Securities? All Eyes Turn to Top Shot Case
Reuters:
US regulator fines Stoner Cats creator for offering NFTs
Ex-OpenSea manager sentenced to 3 months in prison for NFT insider trading
Hester Peirce’s dissent on the Stoner Cats case
Others
Paper: The Economic Reality of NFT Securities.
Mondaq: Defining NFTs: Property, Securities, Or Commodities?
National Post: Trump’s newest NFTs show him as superhero, boxer and motorcyclist
Timestamps:
00:00 - Introduction
02:11 - SEC targets OpenSea: Unregistered exchange?
03:58 - Stoner Cats case: Weak for SEC?
07:42 - OpenSea's defense: Section 230 protections
13:15 - Impact Theory's promises vs. OpenSea's NFTs
15:34 - Nate Chastain's case
17:15 - Dapper Labs settlement: Relevance to OpenSea
18:56 - Wells notice: SEC's confidence to sue
19:48 - Mann & Frye's lawsuit: SEC overreach?
22:39 - Trump’s NFT strategy: Minimizing SEC risk
24:53 - What this Wells notice says about the presidential election
58:25 - News Recap
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In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann welcome venture capitalist Rennick Palley to explore the implications of Fed chair Jerome Powell's recent shift from focusing on inflation to employment, analyzing how it might influence crypto and global markets.
Palley also shares some incisive analysis for why he thinks blue-chip DeFi projects might be overvalued, and both McCann and Palley highlight why they are still bullish on memecoins.
Finally, the gang discusses the growing political influence of the crypto industry, the potential impact of Kamala Harris presidential run on future regulations, and whether Justin Sun is using Tron as his “personal piggy bank.”
Plus, what’s the latest with bitcoin ETF option applications, and what Telegram CEO Pavel Durov’s arrest means.
Show highlights:
00:00 Intro
02:41 How Powell's speech signaled a shift from a focus on inflation to employment and what that means for crypto markets
10:25 Why the Fed's proactive stance on the labor market could cement Powell's legacy, and how cutting rates amid high real rates might prevent long-term economic damage
23:47 How a significant payroll revision caused a brief panic, yet the markets dismissed it as noise due to its lagging nature
27:21 What the absence of crypto in the DNC's platform means for the industry, and how Kamala Harris’ presidential run could impact future regulations
34:12 How the surge in crypto contributions to political campaigns highlights the industry's growing influence
37:00 How the growing narrative around undervalued DeFi tokens could play out under a Trump administration, given the perception of Republican support for crypto
43:15 Why blue-chip DeFi projects, despite their dominant market share and attractive business models, may be overvalued, according to Rennick
53:44 Whether Justin Sun uses Tron as his “personal piggy bank”
58:52 Whether investing in memecoins is a good strategy and how to construct a portfolio around them
1:12:59 Why James says that the withdrawal and refiling of bitcoin ETF options applications signals potential progress, and how the SEC’s ongoing review could lead to approval by early 2025
1:19:43 Pavel Durov’s arrest and why Alex believes TON might be a good asset to buy
Hosts:
James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard
Joe McCann, Founder, CEO, and CIO of Asymmetric
Guest:
Rennick Palley, Czar of Speed, Protector of the Hat.
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In this episode of Unchained, Keone Hon of Monad Labs, Jay Jog of Sei Labs, and Vijay Chetty of Eclipse Labs share insights on their distinct approaches to scalability and performance in high-throughput blockchains. They discuss the technical advantages of parallelized EVMs, the strategic decisions behind blockchain architecture, and the innovations driving the next generation of high-speed chains.
Show highlights:
00:00 Intro
02:02 How Monad got started and its mission from the very beginning
03:46 The features that enable Monad to be a high-throughput blockchain
07:32 Why Monad chose to make a new blockchain instead of an L2
08:36 Why Keone believes that Monad offers the best experience for developers and why he doesn’t like the ‘Ethereum killer’ description
15:48 Monad’s big venture capital raise and how they’ll use the money
17:30 Monad’s strong community
19:21 The next steps for Monad and whether we’ll see a token soon
20:02 What Sei is and the role of the GameStop saga in the creation of it
21:31 Why Jay believes the EVM developer ecosystem is so strong
25:45 Why Sei pivoted from Cosmos to the EVM that led to the launch of its v2
27:14 What allows Sei to be “the fastest chain, even faster than Solana”
33:03 How Sei DB works, and why Jay says that the monolithic approach has many advantages to the modular one
45:35 How Eclipse works by combining Ethereum, Solana, and Cosmos
53:22 How Eclipse deals with the complexities of its modular architecture
54:54 What ways there are to transact in SOL on Eclipse
55:44 Vijay’s reaction to how Eclipse Labs has responded to the allegations against its founder and former CEO Neel Somani
57:21 How Eclipse aims to attract developers
1:01:15 What areas within crypto Vijay expects will flourish on Eclipse
1:03:49 The next steps for Eclipse and when the mainnet could launch
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guests:
Keone Hon, Co-founder and CEO at Monad Labs.
Jay Jog, Co-founder of Sei Labs.
Vijay Chetty, CEO of Eclipse Labs.
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Pendle Finance, an innovative protocol that lets users trade yield, surged in popularity earlier this year but is now grappling with a downturn in usage.
In this episode, founder TN Lee shares insights into Pendle's approach, the factors behind its recent success, and the challenges it faces in recovering user engagement and TVL. Plus, since Pendle’s rise was driven by the points narrative, TN talks about how the protocol can keep growing.
Show highlights:
00:00 Intro
01:24 What Pendle is, how the idea for it was born, and how it works
05:06 Why Pendle has exploded this year, even though it launched years ago
12:01 Whether Pendle is an app for sophisticated traders and the most common strategies in the protocol
15:46 How users are able to leverage their earned points in several protocols
19:20 Besides market risks, what the risks are of trading in Pendle and how they try to mitigate them
20:57 Pendle’s recent significant drop in TVL and plans to recover
24:13 If the points narrative ends, will Pendle remain relevant?
27:31 Crypto News Recap
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guestl
TN Lee, Founder of Pendle Finance
Links
Previous coverage of Unchained on Pendle: DeFi Protocol Pendle Reaches All-Time High as Total Value Locked Tops $5.78 Billion
Background Information on Pendle
Introduction
Glossary
Minting
Advanced Yield Trading Strategies
vePENDLE
DeSpread Research report (Sept 2023)
Cointelegraph Research: Deciphering Pendle Finance’s surge
Others:
Crypto News: Major Changes Ahead: Pendle Ends Earn UI, Focuses on V3
Pendle reached its second largest maturity event on July 25
DeFi Llama: Pendle’s TVL
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