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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.

Location:

United States

Description:

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.

Twitter:

@laurashin

Language:

English


Episodes
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LayerZero Fought the Sybils and Airdropped Its Token. Did the Team Win? - Ep. 664

6/21/2024
LayerZero’s token claims went live on Thursday, and as with every recent airdrop, there was plenty of controversy. In this episode, Bryan Pellegrino, cofounder and CEO of LayerZero Labs, joined to discuss their ambitious anti-Sybil campaign and the subsequent token distribution. He delved into the challenges of ensuring genuine user participation, the decision to offer a self-report option for Sybil attackers, and the complexities imposed by industrial-grade farmers. Bryan shared what he would have done differently and why a mandatory donation to Protocol Guild was imposed. Also, are airdrops dead? How can the industry improve this not-so-effective distribution method? Show highlights: 00:00 Intro 01:23 Why LayerZero launched an anti-Sybil campaign with its airdrop, and what challenges they faced in ensuring genuine user participation 04:51 Why LayerZero offered a self-report option for Sybil attackers, and how this strategy revealed both the complexities and the creativity within the crypto community 10:16 How the anti-Sybil campaign uncovered over a million fraudulent accounts 14:34 What Bryan would have done differently in their campaign 17:18 What alternative methods, such as KYC and proof-of-humanity protocols, LayerZero could have used for their anti-Sybil campaign 18:35How LayerZero navigated the cat-and-mouse game with industrial airdrop farmers 23:08 Why they decided to impose a donation to Protocol Guild to claim the ZRO token 32:07 What caused the dramatic drop in LayerZero's activity post-announcement of their anti-Sybil campaign, and why the team is optimistic despite the decline 35:23 LayerZero's plans for future airdrops 38:40 What Bryan thinks the future holds for airdrops in crypto, and how the current broken system can be improved to achieve better distribution and user engagement 42:43 Crypto News Recap Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Guest Bryan Pellegrino, cofounder and CEO of LayerZero Labs Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:57:35

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The Chopping Block: VC Tokens, Memecoins & Celebs, and Seasonal Patterns - Ep. 663

6/19/2024
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra explore the latest trends in the crypto world. In this episode, we dive into the impact of celebrity-endorsed memecoins, featuring discussions around Iggy Azalea's 'Mother' token, Waka Flocka Flame's 'Flocka' token, and other celebrities. We debate the broader implications of these phenomena on the crypto market, address criticisms of venture capital's role in crypto, and explore the seasonal nature of crypto trading. Tune in for an in-depth look at how pop culture intersects with cryptocurrency, shaping current market sentiment. Show highlights 🔹 Seasonality in Crypto: Exploration of the historical seasonal trends in crypto markets and their implications. 🔹 Memecoins & Celebrities: Insightful discussion on the rise of celebrity-launched memecoins and their impact on the crypto world. 🔹 Market Cycles: Exploration of the different phases in market cycles and their effects on asset creation and liquidation. 🔹 VC Funding in Crypto: Examination of the role of venture capital in the crypto ecosystem and its impact on market dynamics. 🔹 VC vs. Liquid Funds: Debate on whether venture capital funds are beneficial or detrimental to the crypto markets. 🔹 Institutional and Retail Adoption: The importance of growing crypto usage among both institutions and retail investors. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures Disclosures Timestamps 00:00 Intro 01:58 Market Sentiment 07:34 Celebrity Involvement in Crypto 16:00 Celebrity Coins vs Endorsements 25:24 Influencer Economy and Social Tokens 27:41 Legibility and Value of Memecoins 28:37 Crypto Influencers 31:07 VCs vs. Retail 36:50 Future of Crypto Markets 43:53 Institutional vs. Retail Adoption 50:45 Taking on Populist Takes Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:52:35

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Bits + Bips: Iggy Azalea, $MOTHER, and Celeb Coins: Is This the Top of the Crypto Cycle? - Ep. 662

6/19/2024
A few weeks after its launch, Iggy Azalea's MOTHER memecoin is still in the spotlight. Host Joe McCann, who recently had dinner with her in New York, gives the inside scoop on how Iggy’s $MOTHER came to be, plus her plans. Also, Joe says Iggy is so bullish on Solana because it’s fast and cheap… but James Seyffart counters… nothing can be fast, cheap, and good. Except ETFs. Guests Phil Bonello and Kelly Greer delve into the role of venture capital in crypto, and more particularly into dynamics between liquid hedge funds and massive token generation events. And James tells a mind-blowing story about how one ETF and obscure SEC rules could cause whiplash to the prices of Apple and Nvidia stock over the next few months. Plus, after SEC head enforcer David Hirsch resigned from the SEC this week, everyone gave their takes on why. Is Hirsch going to BlackRock, or was he scared about a potential lawsuit? Show highlights: 00:51 The real story behind Iggy Azalea's MOTHER memecoin and the controversy between Joe and Haseeb Qureshi 07:26 Why Iggy is bullish on Solana, and whether MOTHER is a hopeful case for crypto, reflecting the evolving relationship between entertainment and Web3 12:35 Whether the market has already topped, given the involvement of celebrities in the industry 15:32 Whether VCs are extractive to the overall space, and how liquid funds and token unlocks impact the performance of assets 21:17 Why venture funds and hedge funds have different approaches to liquid crypto investments, and how memecoins are changing the game for allocators 33:18 Why there’s a 0% chance that SOL gets an ETF this year 34:19 What the recent macro trends point to, whether inflation going down is sustainable, and whether rate cuts are coming 43:32 Why Nvidia's rapid growth is about to trigger a multi-billion dollar rebalance in tech ETFs, and how both $NVDA’s and $AAPL’s stock prices might soon seesaw 54:35 The theories about why the SEC’s chief crypto enforcer David Hirsch resigned from the agency (hint: it might have to do with the election) 59:52 Why James believes Ethereum ETFs will launch on July 2 and what amount of inflows the ETH ETFs might garner, esp. considering potential ETHE outflows Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Joe McCann, Founder, CEO, and CIO of Asymmetric Guests: Kelly Greer, Vice President of Trading at Galaxy Philip Bonello, Founding Partner at Plaintext Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:10:13

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Anthony Scaramucci on Why He Supports Biden and Thinks He, Not Trump, Is Best for Crypto - Ep. 661

6/18/2024
The political landscape in the US is heating up with the November elections, and the crypto industry is watching closely. In this episode, Anthony Scaramucci, founder of SkyBridge, doesn’t mince words and explains why he believes Joe Biden is the best choice—even for the crypto voter—in the upcoming election, the significance of the Ethereum ETF approval, and how the industry has overcome significant regulatory hurdles. Scaramucci also shares his insights on the future of Bitcoin ETFs, the role of younger generations in driving crypto policy, and why Solana might be the next big thing. Show highlights: 02:05 Why Anthony believes there’s only one choice in this election: Joe Biden 07:03 Why he thinks the crypto industry “has already won” 16:27 Whether the crypto industry should trust Trump with his pro-crypto comments 17:20 Why Anthony is convinced that the Biden administration has stopped its anti-crypto stance, even with the veto of the SAB 121 repeal 21:26 Why Anthony believes crypto is becoming a bipartisan issue, and how younger generations are driving this change in Washington 28:05 What three key elements would ideally be included in crypto legislation to ensure clarity and industry involvement in regulation 30:49 What happened to SkyBridge after selling a stake to FTX, and how they are riding the industry's “upswing” 38:00 What developments in Bitcoin ETFs could signal its recognition as an asset class and drive institutional adoption 40:00 What led SkyBridge to abandon its Bitcoin ETF application 43:23 What Anthony thinks is the best pitch for a spot Ether ETF to TradFi, and how expected inflows compare to Bitcoin ETFs 49:11 Anthony’s praise of Laura’s book 51:55 Why Anthony believes a Solana ETF might be the next big thing in crypto, despite SEC scrutiny and the need for a futures market first 55:20 Why SkyBridge is actively seeking new acquisitions and partnering with Parcl, a Solana-based decentralized real estate trading app 59:44 What Anthony's bullish predictions for Bitcoin and Ethereum are in the current cycle 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 Guest: Anthony Scaramucci, Founder and Managing Partner at SkyBridge Links Recent coverage of Unchained on the political scenario in the US: How the U.S. Government Can Protect the Dollar Through Stablecoins Why Many Democrats, Including the White House, Have Come Around on Crypto Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:05:26

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The Chopping Block: Iggy Azalea, Hamster Kombat, & Airdrop Insights - Ep. 660

6/14/2024
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra explore the latest trends in the crypto world. In this episode, we dive into the impact of celebrity-endorsed memecoins, featuring Iggy Azalea's new coin 'Mother' and Andrew Tate's 'Daddy.' We discuss how these phenomena influence the broader crypto market, recent trends in airdrops, and the challenge of Sybil resistance. Additionally, we explore the permissionless nature of crypto and the trade-offs involved in fun and chaotic projects, including the explosive rise of 'Hamster Kombat.' Tune in for an in-depth look at how pop culture intersects with the core principles of cryptocurrency, shaping current market sentiment. Show highlights 🔹 Crypto Market Sentiment: Discussion on the latest market trends and how inflation numbers are impacting the community. 🔹 Memecoins & Celebrities: Analysis of Iggy Azalea's $Mother and the phenomenon of celebrity-launched memecoins. 🔹 Emerging Memecoins: Insights into new memecoins, including issues with fake and hacked accounts. 🔹 Tap-to-Earn Games: Overview of the rapid growth of simple click-based games like Hamster Kombat. 🔹 Airdrop Controversies: Exploration of recent controversies, particularly involving zkSync and LayerZero, and challenges of Sybil attacks. 🔹 Future Airdrop Strategies: Discussion on the evolution and need for clear, ungameable metrics. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures Disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:04:01

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Are Memecoins the Next Evolution of Wall Street Bets? - Ep. 659

6/14/2024
Nathaniel Popper just published his latest book, "The Trolls of Wall Street," covering the Wall Street Bets phenomenon. Funnily enough, his book comes at a time when there are striking similarities with the current memecoin mania in crypto. In this episode, Popper explores the rise of online investing communities like Wall Street Bets and their reflection of broader societal changes, particularly among young men. He also touches on the parallels between the trolling culture of these communities and the rise of figures like Donald Trump, and delves into the hidden dangers and psychological influences of memes in modern investing. Show highlights: 01:21 The rise of online money communities and the shift towards investing based on ideas rather than traditional financial fundamentals 04:06 How the changing roles of young men in society have influenced the growth of crypto and online financial communities 13:36 How Robinhood's design choices changed retail investing, sparking FOMO and controversy by making trading as easy as a swipe 18:04 The hidden dangers of memes in modern investing, and how they balance fostering community with driving speculation 22:56 Why Trump's ties to the crypto community highlight the mix of serious intent and trolling 30:07 Crypto News Recap Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Guest Nathaniel Popper, author of The Trolls of Wall Street Links Previous coverage of Unchained on memecoins: Unchained: Why Memecoins Have Been 2024's Most Profitable Crypto Trade: Ansem and Kelxyz - Ep. 641 BRETT Becomes First Memecoin on Base to Reach $1 Billion in Market Cap DWF Labs to Invest in Memecoins, Onchain Data Reveals LADYS Transactions Celebrity Tokens Continue to Bleed With Some Memecoin Traders Losing Six-Figures The book: Blockworks: What do memecoins and meme stocks have in common?: A review of ‘The Trolls of Wall Street’ Fortune: Q&A with the author of ‘The Trolls of Wall Street’: Gambling, conspiracies, and the return of Roaring Kitty, Meme culture WSJ: Meme Stocks Are Back, but Fund Investors Moved On Meet the ‘Degen’ Traders Fueling the Latest Meme-Stock Mania CoinDesk: In Defense of Meme Coins What else could memecoins be? By Vitalik Buterin Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:46:39

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Why Robinhood, a TradFi Hub, Is Growing Its Crypto Business Globally - Ep. 658

6/11/2024
Robinhood has been in the spotlight for its $200 million acquisition of European crypto exchange Bitstamp. The TradFi app’s venture into crypto is paying off: its recent earnings showed that revenue is growing substantially, and the Bitstamp acquisition is just one way the company will grow the pie. Johann Kerbrat, general manager of Robinhood Crypto, came on the show to discuss the acquisition, Robinhood's plans for expanding its crypto business internationally and into the institutional market, the company's approach to listing crypto assets, how regulation has affected its business decisions, and its efforts to bridge traditional finance and decentralized finance. Show highlights: 02:14 How the acquisition of Bitstamp will reshape Robinhood 08:51 Whether Robinhood could list more coins and whether it’s considering more acquisitions 11:54 Whether the U.S.’s unclear crypto regulation influenced the decision to acquire Bitstamp and which other jurisdictions, besides the EU, Robinhood Crypto is eyeing 17:46 Why Johann was disappointed by the Wells notice Robinhood received from the SEC 20:47 Johann’s U.S. crypto regulation wish list and why Robinhood supports the FIT21 bill 24:09 Why Robinhood delisted ADA, MATIC, and SOL, and the process for listing or delisting a coin on the platform 29:49 Johann’s background in crypto and trajectory at Robinhood Crypto 31:35 How Robinhood is uniquely poised to help bring real-world assets and securities on-chain, and how it will handle offerings for institutional investors 37:48 The impact and importance of the introduction of spot bitcoin ETFs 44:26 Why Robinhood decided to offer staking, but only for Solana, not Ethereum 46:11 Whether there’s demand for crypto-native features in the Robinhood platform 48:26 Robinhood’s collaboration with Arbitrum and whether the company might build their own Layer 2 54:29 Johann’s take on the memecoin mania and whether Robinhood could list them 59:26 What Johann thinks about the political fight around crypto 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! Polkadot Guest: Johann Kerbrat, general manager of Robinhood Crypto Links Acquisition of Bitstamp: Unchained: Q&A With Robinhood Crypto General Manager: Why the Crypto Giant Went to the EU Fortune: Robinhood defies the SEC by forking over $200 million for a crypto exchange DL News: Robinhood crypto head says Bitstamp will help lure wealthy investors Robinhood’s crypto business: Bloomberg: Robinhood (HOOD) Profit Beats Estimates as Crypto Revenue Surges Robinhood Reports First Quarter 2024 Results Regulatory actions: Reuters: Robinhood Crypto gets Wells notice from US SEC Robinhood Crypto Launches Staking in Europe with Localized Apps to Follow Memecoin mania Unchained: Celebrity Tokens Continue to Bleed With Some Memecoin Traders Losing Six-Figures Why Memecoins Have Been 2024's Most Profitable Crypto Trade: Ansem and Kelxyz Ether ETFs: Unchained: Ethereum ETFs Likely Protect Ether From the SEC. But What About Staked ETH? Why the SEC May Not Be Done in Its Legal Battles Over Ethereum Kerbrat’s statement on ETFs Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:05:56

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How Coinbase Might Bring 1 Billion People Onchain Using Its Smart Wallet - Ep. 657

6/7/2024
Coinbase’s “onchain summer” has kicked off with the launch of its new smart wallet. This interview with Luke Youngblood, founding contributor to Moonwell, gives a peek at how it’s sweetening the pot for developers and users alike. In this episode, Youngblood describes how smart wallets are different from traditional wallets, how they do away with past security issues, and the more minor potential risks that still do exist with smart wallets. He also gives details on the ways that Coinbase is trying to use its smart wallet to get users onchain: making it much easier to transact onchain directly from their Coinbase accounts, subsidizing gas costs for certain dapps, and making sure everything is web-accessible. Plus, he explains why Moonwell chose Base, how it is branching out to non-crypto native DeFi users, such as populations that only have mobile phones and not desktop computers in geographies like Africa, Latin America, and Asia, and how the DeFi lending protocol differentiates itself from bigger ones that have established a beachhead on Base. Show highlights: (00:00) Intro (01:40) How smart wallets differ from traditional wallets and embedded wallets (04:06) Why Luke is excited to be working with Coinbase smart wallet (06:33) What happens if the user loses the device linked to their smart wallet (08:12) How hard it would be for a hacker to try to get access to the assets in this smart wallet (09:36) How Coinbase is initially paying for user gas fees on dapps like Moonwell and other launch partners (12:02) How Coinbase’s Magic Stand feature enables users to transact onchain straight from their Coinbase accounts (14:24) How Coinbase might keep paying gas fees for some dapps even after the initial launch period (16:38) Why the smart wallet is also accessible via the web, and not just through an app (19:50) Why Moonwell has focused on lending and borrowing (18:03) Why Moonwell chose to build on Base as opposed to, say, Solana (21:24) Moonwell’s plans to grow (23:00) How having access to Coinbase’s user base changes Moonwell’s strategy for attracting users (26:14) Crypto News Recap Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Guest Luke Youngblood Links Previous coverage on Unchained: Coinbase Smart Wallet: Coinbase Launches Its Smart Wallets, Dubbing It Crypto’s ‘IPhone Moment’ Wallets: Why (Almost) Everyone in Ethereum Is So Excited About a Wallet-Related Proposal What Are Externally Owned Accounts (EOAs) in Ethereum? An Introduction to ERC-4337 (Account Abstraction) Standard Base: How Ethereum’s Dencun Upgrade Could Lead to the Rise of Millions of Layer 3s Dencun Day One: Ethereum Layer 2 Networks See Drastic Drop in Transaction Fees Base Daily Transactions Spike to 2 Million Post Dencun Upgrade Why Base’s Creator Thinks Social Apps Will Be a ‘Huge Part’ of the Layer 2 Blockchain’s Success Base TVL Hits $4 Billion as Transactions Per Second Surpass Ethereum 3 Reasons Why Layer 2 Network Base Has More Than Doubled Its Total Value Locked This Year Ethereum Layer 2s: Ethereum L2 Networks Reach Record High of 7 Million Distinct Addresses Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:25:46

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Bits + Bips: Is This the Real Reason the SEC Approved the Ethereum ETFs? - Ep. 656

6/5/2024
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann, along with guest Hal Press, founder of North Rock Digital, dive into the intricate challenges of pitching the ETH spot ETF to traditional finance and the Federal Reserve’s anticipated next steps. They discuss why Biden vetoed the repeal of SAB 121, and why that veto lends credence to an alternative theory as to why the SEC approved Ethereum ETFs. Also, they talk about why the spot ETH ETFs are already turning out to be different from the Bitcoin ETFs, Hong Kong's (and perhaps China’s?) crypto ambitions, recent U.S. macroeconomic indicators, and whether or not Roaring Kitty’s recent antics with GME stock are illegal—and how he’s impacting memecoins. Show highlights: Why Biden vetoed the repeal of SAB 121 and whether it was priced in The recent political change around crypto and the surprise Gen Z celebrity who could swing the U.S. presidential election The impact of the Trump conviction on the crypto industry Why ETF issuers were caught off guard with the spot ETH ETF approvals Whether Bitcoin ETF buyers will rotate to Ethereum, and when the products will launch How the ETH ETF will be pitched to TradFi Why Alex thinks ETH/BTC will go up How Hong Kong is trying to become the Wall Street of crypto, according to Joe The recent macroeconomic indicators in the U.S. and their implications for crypto The massive glitches in the NYSE that showed Berkshire Hathaway going down 99% Whether what Roaring Kitty is doing with the GME stock is illegal Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Joe McCann, Founder, CEO, and CIO of Asymmetric Guest: Hal Press, Founder of North Rock Digital Links Politics: Unchained: President Biden Vetoes SAB121 Repeal Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? POLITICO: Crypto super PACs get $25M boost Fortune: Coinbase donates $25 million to super PAC Fairshake days after Biden vetoes crypto custody bill Ether ETFs: Unchained: Ethereum ETFs Likely Protect Ether From the SEC. But What About Staked ETH? Why the SEC May Not Be Done in Its Legal Battles Over Ethereum Why ETH Spot ETFs Could Benefit Stakers and Make Ethereum More Resilient ETH ETFs Will Be Approved. But Could Grayscale Outflows Depress the Price of ETH? Blockworks: What we learned from the latest ETH ETF filing dump Hong Kong Bloomberg: Hong Kong Says 11 Crypto Exchanges Are Closer to Getting Permits Other recent events: CNN Business: Berkshire Hathaway: NYSE says glitch that showed stock down 99.97% has been resolved WSJ: E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform TIMESTAMPS 00:00 Intro 01:59 Why Biden vetoed the repeal of SAB 121 and whether it was priced in 08:43 The recent political change around crypto and whether this particular Gen Z celeb could swing the U.S. presidential election 12:07 What the impact of the Trump conviction had in the crypto industry 15:38 Whether Bitcoin ETF buyers will rotate to Ethereum, and when the ETH ETFs will launch 25:53 How the ETH ETF will or should be pitched to TradFi 31:02 Why Alex thinks ETH/BTC will go up 32:48How Hong Kong is trying to become the Wall Street of crypto, according to Joe 36:27 The recent macroeconomic indicators in the U.S. and their implications for crypto 45:15 The massive glitches in the NYSE that showed Berkshire Hathaway going down 99% 49:26 Whether what Roaring Kitty is doing with the GME stock is illegal Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:57:03

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How the U.S. Government Can Protect the Dollar Through Stablecoins - Ep. 655

6/4/2024
In this episode, Laura Shin speaks with former CFTC chairman Chris Giancarlo and former CFTC chief innovation officer Daniel Gorfine on the pressing need for the U.S. to safeguard the dollar. They explain why they believe the future of regulation is the government operating nodes on blockchains rather than regulating intermediaries, why even private USD stablecoins will want a USD central bank digital currency, and how China might export the technology behind the digital yuan—and its surveillance capabilities—to other countries. They also touch on how the upcoming U.S. elections could influence crypto policy, why stablecoins are more than just trading instruments, and what the U.S. must do to maintain its financial leadership. Show highlights: How governments should embrace blockchain technology to become better at its job, according to Chris How the financial system needs to change for the younger generations Whether the U.S. is losing ground in terms of innovation Why Daniel thinks stablecoins are much more than a trading instrument for crypto Why Daniel believes that the U.S. is making the regulation of stablecoins “far more complicated than it needs to be” How Singapore is already giving licenses to USD stablecoin issuers Whether the dollar should be trademarked to protect it How Tether has become one of the most profitable companies per employee in history without being under U.S. jurisdiction Who should be the next chair of the SEC and the need to regulate DeFi in order for it to become mainstream Why Daniel thinks that some of the criticism of the FIT21 bill “doesn’t hold water” Why Chris believes that China is lying about not intending to export the technology behind the digital yuan Whether algorithmic stablecoins should be banned, as proposed in the Lummis-Gillibrand bill Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com First Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle? Thank you to our sponsors! Polkadot VaultCraft Guests: Chris Giancarlo, Former Chairman of the US Commodity Futures Trading Commission, author of CryptoDad Forbes: ‘Elizabeth Warren’s Anti-Crypto Wing Is A Shrinking Iceberg’, Says Former Top Regulator FoxBusiness Interview: Elizabeth Warren and others have declared war on cryptocurrency: Chris Giancarlo Op-ed in the FT Banking Risk & Regulation: Can CBDCs be made safe for democracy? Daniel Gorfine, Founder & CEO of boutique advisory firm Gattaca Horizons, former Chief Innovation Officer at the U.S. CFTC, and adjunct professor at the Georgetown University Law Center Opinion: Stablecoin and other digital assets are falsely framed as a choice between personal privacy and national security. We can have both. - MarketWatch Building digital infrastructure for the future of finance Links Stablecoins: Stablecoins Are Defense Tech by Morgan Beller Unchained: Opinion: Regulated Dollar Stablecoins Created by a Proposed New Senate Bill Would be Crypto’s Ultimate Trojan Horse Tether's Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry SAB 121 Unchained: President Biden Vetoes SAB121 Repeal FIT21 Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:27:07

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The Chopping Block: Crypto Populism: From Celebrity Coins to Politics -Ep. 654

6/1/2024
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra explore the latest trends in crypto. This episode explores the buzz around LeBron James' potential memecoin, the recent approval of Ether ETFs, and Biden's shifting stance on crypto policy. We dissect the implications of Trump's pro-crypto promises and the FIT21 legislation. Tune in for a lively debate on celebrity coins, the market's reaction to regulatory changes, and the evolving landscape of political influence in the crypto space. 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 🔹 Celebrity Coins: In-depth discussion on the rise of celebrity-endorsed cryptocurrencies, focusing on LeBron James' potential memecoin and its market implications. 🔹 Ether ETF Approval: Examination of the recent Ether ETF approval, the political motivations behind it, and how it might impact the broader crypto market. 🔹 Biden's Crypto Policy: Analysis of Biden's evolving crypto stance, including recent outreach to the crypto industry and the potential effects on the upcoming elections. 🔹 Trump's Crypto Strategy: Debate on Trump's newfound pro-crypto stance, his promises to the crypto community, and the potential impact on his voter base. 🔹 FIT21 Legislation: Overview of the Financial Innovation and Technology in the 21st Century Act, its key provisions, and the potential for bipartisan support. 🔹 Political Influence in Crypto: Discussion on the increasing influence of politics in the crypto space, including the roles of key figures and the impact of regulatory developments. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures Disclosures Timestamps 00:00 - Intro 02:45 - ETF Approval 07:00 - How deep is this policy shift? 09:00 - FIT21 15:45 - Trump's Pro-Crypto Stance 24:40 - Caitlyn Jenner's Memecoin Launch Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:34:36

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With Ether ETFs in the Works, How Else Might the SEC Pivot on Crypto? - Ep. 653

5/31/2024
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. After some big wins for the crypto industry (and big losses for the U.S. Securities and Exchange Commission), Jason Gottlieb, partner at Morrison Cohen, delves into how the upcoming US elections could reshape the SEC’s crypto agenda, the political pressures influencing SEC decisions, and the potential impact that a new SEC chair could have. Gottlieb provides insights into ongoing court battles involving major crypto firms like Coinbase and explores the broader political implications of the Democrats' recent outreach to the crypto industry. Show highlights: How the sea change in Congress, the White House, and the Biden campaign affects the SEC’s stance on crypto Whether the SEC's agenda on crypto has changed, following the sudden reversal on ETH ETFs Whether the SEC is being pressured politically about crypto and how that could affect its actions between now and the election How the ongoing legal crypto cases are affected by the SEC’s change of tune What the implications of a possible new SEC chair would be How the SEC’s credibility was damaged by the Debt Box case Why Jason thinks Democrats are in an “uncomfortable position” but also believes there’s a lot of common ground with the Republicans with regard to crypto Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot VaultCraft Guest Jason Gottlieb, partner at Morrison Cohen Previous appearances on Unchained: The Department of Justice Goes After Its First NFT Insider Trading Case ‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer Links Previous coverage on Unchained of the recent shift in the US political landscape: Why Many Democrats, Including the White House, Have Come Around on Crypto Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress Bits + Bips: Is US Politics Driving the ETH ETF Approval? Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday Political turn and ongoing cases: The Block: Biden campaign ramps up crypto industry outreach in surprising tone 'shift' Unchained: Ethereum ETFs Likely Protect Ether From the SEC. But What About Staked ETH? Why the SEC May Not Be Done in Its Legal Battles Over Ethereum SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21 Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security TIMESTAMPS: 00:00 Introduction 02:55 The outlook for the SEC’s efforts after the seeming sea change from the Democrats 06:09 Whether the SEC's agenda has changed, after the sudden reversal on ETH ETFs 09:58 Whether the SEC is being pressured politically and whether that will influence its actions between now and the presidential election 15:30 How the ongoing legal crypto cases are affected by the SEC’s change of tune 19:51 What the implications of a new SEC chair would be on court cases winding slowly through the courts 23:52 How the SEC’s credibility was damaged by the Debt Box case 27:59 Why Jason thinks Democrats are in an “uncomfortable position” but also believes there’s a lot of common ground with the Republicans with regard to crypto 34:14 Weekly recap Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:49:59

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Why Many Democrats, Including the White House, Have Come Around on Crypto - Ep. 652

5/28/2024
Sheila Warren, CEO of the Crypto Council for Innovation, joins Unchained to explore the dramatic shift by Democrats in the last few weeks on crypto. She explains why she believes the overturning of SAB 121 and the House vote for the FIT21 bill were both instrumental to the White House's changing view on crypto and may have played a role in the SEC’s surprising approval of spot ETH ETFs. Having worked for years on passing crypto legislation and as a lifelong Democrat, Sheila describes what kinds of arguments were persuasive to Democratic members of Congress, addresses some criticisms of the FIT21 bill, and gives her perspective on the debate about single-issue voters. Show highlights: The overall attitude toward crypto in Washington going into the House vote on SAB 121 on May 8 The bipartisan votes in the House and Senate to overturn SAB 121 Why, by the time of the Senate vote on FIT21, the White House had had a change of heart about crypto Why, after the Senate vote to repeal SAB 121, the SEC approved the spot ETH ETFs Why Sheila is so proud of the passage in the House of the FIT21 bill How Sheila and CCI approached their discussions with Democrats and what arguments they found effective Whether the industry has survived the negative image of SBF and FTX The sea change in the White House between the SAB 121 vote and the FIT21 vote A high-level description of the FIT21 bill What kind of authority the bill would give the CFTC over crypto What the implications of the bill are for launching tokens FIT21’s approach to regulating DeFi and how the FIT21 bill is "kicking the can" on this topic The overall political and legislation landscape and the next likely steps for crypto Whether the ETF approval changes anything about the SEC’s investigation into Ethereum What Sheila thinks about the 'crypto single-issue voter’ debate 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 VaultCraft Guest: Sheila Warren, CEO of the Crypto Council for Innovation Previous appearance on Unchained: Did FTX Ruin Crypto’s Image on Capitol Hill? Two DC Insiders Discuss Links Previous coverage on Unchained of the recent shift in the US political landscape: Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress Bits + Bips: Is US Politics Driving the ETH ETF Approval? Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21 CCI: FIT21 Coalition Support Letter Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Sheila’s op-ed on Fortune: The clock is ticking for Democrats on crypto Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Ethereum Foundation investigation Fortune Crypto: SEC probing crypto companies in Ethereum investigation as hopes for ETF dim Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:31:34

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Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress - Ep. 651

5/24/2024
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. With crypto becoming more politicized than ever, US Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington DC. With crypto becoming more politicized than ever, U.S. Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington, D.C. She delves into what led to bipartisan support to repeal SAB 121, and how the strength of the vote there in both the House and Senate may have affected the about-face decision to approve spot ether ETFs. Sen. Lummis also explains why she disagrees with how Gary Gensler’s SEC is handling the industry, how to avoid the next TerraUSD, why she feels Wyoming-chartered Custodia Bank is not being treated fairly, the ban on a Chinese-owned, Wyoming-based Bitcoin mining firm, and what advice she would give to the crypto industry during this election year. Show highlights: Why the SAB 121 approval was bipartisan Whether President Biden will veto the resolution How it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFs How the SEC's approach to regulating the industry "is not the American way" Whether there is a bipartisan majority in favor of crypto in Congress How bitcoin has come a long way in terms of adoption Sen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situation The differences between the Lummis-Gillibrand bill and FIT21 How Sen. Lummis feels about the denial of a master account for Custodia Bank Whether there's a move against Bitcoin mining companies in the US, given the recent ban of an operation in Wyoming What Sen. Lummis would advise for the industry to accomplish its goals 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 VaultCraft Guest Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress - Ep. 651, U.S. Senator from Wyoming Links Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Bits + Bips: Is US Politics Driving the ETH ETF Approval? Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21: Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Open cases: Fortune: SEC sued over Ethereum, crypto firm asks court to state token is not a security Unchained: Gary Gensler’s Case Against Uniswap: Does the SEC Even Stand a Chance? SEC Puts DeFi in Its Sights With Potential Uniswap Suit Unchained: SEC Investigating Ethereum Foundation Regarding Proof-of-Stake Transition: Report The Real Reason Why the SEC Might Be Going After Ethereum Timestamps: (00:00) Introduction (02:53) Why the SAB 121 approval was bipartisan (04:52) Whether President Biden will veto the resolution (08:40) How it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFs (13:23) Why Senator Lummis believes there is a bipartisan majority in favor of crypto in Congress (20:19) Sen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situation (23:55) The differences between the Lummis-Gillibrand bill and FIT21 (28:59) How Sen. Lummis feels about the denial of a master account for Wyoming-special purpose depository institution Custodia Bank (30:20) What she thinks about the Biden administration’s ban against a Wyoming-based, Chinese-owned Bitcoin mining company near a nuclear site (33:44) What Sen. Lummis would advise for the industry to accomplish its goals (35:04) Weekly Recap Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:50:44

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The Chopping Block: Response to SAB-121, ETH ETF, & More - Ep. 650

5/23/2024
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra explore the latest trends in crypto. This episode covers the anticipated Ether ETF Approval and its market impact, Biden's evolving crypto policy, and the bipartisan repeal of SAB-121. We debate the controversy around High FDV Low Float Tokens and discuss the DOJ indictment for a $25 million MEV exploit. Tune in for insights on memecoin performance, the role of prediction markets in politics, and the increasing participation of retail investors in the crypto market. Show highlights 🔹 Crypto Regulation: In-depth discussion on SEC Crypto Guidance, focusing on SAB-121 and its implications for the crypto and banking sectors. 🔹 Ethereum ETF News: Examination of the anticipated Ether ETF Approval, the political motivations behind it, and potential market implications. 🔹 Biden Administration Crypto Stance: Analysis of Biden's evolving crypto policy, bipartisan repeal of SAB-121, and how these shifts might affect the upcoming elections. 🔹 High FDV Low Float Tokens: Debate on the controversy surrounding high FDV low float tokens, recent market downturns, and potential market structure issues. 🔹 MEV Exploit DOJ: Overview of the DOJ indictment of two brothers for a $25 million MEV exploit, exploring the legal and ethical implications. 🔹 Memecoin Performance: Insights into current market trends, including the performance of memecoins versus VC-backed tokens, and predictions on future regulatory impacts. 🔹 Prediction Markets in Politics: Exploration of how prediction markets are influencing political stances, particularly Trump's pro-crypto stance and its effects on voter behavior. 🔹 Impact of Regulation on Crypto: Discussion on the increased participation of retail investors in the crypto market and its broader implications. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures Disclosures Links Haseeb’s “Why are all these low float / high FDV coins down bad?” https://x.com/hosseeb/status/1792257063399403669 Two Brothers Arrested for Attacking Ethereum Blockchain and Stealing $25M in Cryptocurrency: https://www.justice.gov/opa/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25m-cryptocurrency Tarun’s Towards a Theory of Maximal Extractable Value I: Constant Function Market Makers: https://arxiv.org/pdf/2207.11835 Timestamps (00:00) - Intro (2:20) - Congressional Response to SAB-121 (12:05) - Are memecoiners activists? (16:09) - Crypto is a new wedge issue (19:03) - ETH ETF & Regulation softening (22:23) - Prediction markets steering politics (30:22) - Being anti-crypto is stupid (35:38) - "High FDV, Low Float" tokens (40:16) - Market structure problems (49:14) - Market price is not sustainable (55:38) - DOJ vs. MEV Bot Exploit (1:01:45) - Crypto-on-crypto crime Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:13:32

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Bits + Bips: Is US Politics Driving the ETH ETF Approval? - Ep. 649

5/21/2024
With ETH spot ETFs now more likely than ever, Bits + Bips hosts James Seyffart, Alex Kruger, and Joe McCann delve into the reasons behind this shift, surmising that the reversal may have come from powers above the SEC—perhaps in the Biden administration. The three hosts surmise that ETH will likely reach all-time highs, discuss how this changes their election trading strategy and ponder where there is enough institutional demand for ether ETFs. They also look at whether the potential approval could sway the US elections. Plus, they share insights into stablecoins and how they strengthen the US’s political power globally, dive into the debate on low float/high FDV coins, and also take a peek at what they think could be the potential next crypto spot ETF. Show highlights: Why the chances of an ETH ETF suddenly reversed What the "Coinbase premium" is and how Joe uses it for trading Why Alex believes that ETH is heading to all-time highs Whether there's institutional demand for spot ether ETFs The political pressure that led to this change Whether the ETH ETF will change the course of the US elections The broader macroeconomics conditions and how Alex thinks to trade the US elections How US dollar-pegged stablecoins promote USD hegemony The debate about high FDV, low float coins, and whether there is a solution Whether new crypto spot ETFs will be approved Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Joe McCann, Founder, CEO, and CIO of Asymmetric Links Ether ETF approval: Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security CoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources The Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETF Unchained Podcast: Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday High FDV, low float coins: Unchained: Who’s to Blame for the Underperformance of Low Float, High FDV Tokens? Timestamps: (00:00) Intro (01:40) Why the chances of an ETH ETF suddenly reversed (09:13) Why Alex believes that ETH is heading to all time highs (11:22) Whether there's institutional demand for ether (16:46) The political pressure that led to this change (28:46) The broader macroeconomics conditions and how Alex thinks he’ll trade the US elections (35:51) How US dollar-pegged stablecoins promote USD hegemony and mirror the Eurodollars market (40:01) The debate about high FDV, low float coins, and whether there is a solution (49:52) Whether there are going to be new crypto spot ETFs being approved Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:55:33

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Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday - Ep. 648

5/21/2024
Just when everyone thought that spot Ether ETFs were going to be denied on Thursday, news broke Monday that they are now likely to be approved, with Bloomberg analysts tripling their odds to a 75% chance of approval. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, and Matt Hougan, CIO at Bitwise Asset Management, say this reversal definitely has to do with politics, citing the fight of Staff Accounting Bulletin 121, a rule that was unfriendly to financial institutions wanting to engage with crypto. Plus, they delve into the reasons why Michael Sonnenshein stepped down as CEO of Grayscale after 10 years (hint: it has to do with GBTC), what the 13F filings revealed about who’s been buying the spot bitcoin ETFs since the beginning of the year, and what Vanguard’s incoming CEO, Salim Ramji, who was instrumental to getting BlackRock to launch its Bitcoin ETF, could mean for crypto’s future at the asset management firm. Show highlights: Why Eric believes the ether ETFs will be approved Why Matt thinks the Bitcoin ETFs set off a "complete sea change in Washington around crypto" Whether the spot Ether ETFs will be approved with or without staking Who the authorized participants and other behind-the-scenes players in the ether ETFs will be When the ETH ETFs could start trading and why Eric believes they won't be as successful as Bitcoin ETFs What the 13F filings revealed about the spot Bitcoin ETFs buyers and why their identities are "stunning" Why Michael Sonnenshein stepped down as CEO of Grayscale Grayscale’s new mini ETF, BTC Whether Vanguard's new CEO appointment could mean a change in attitude by the asset management firm towards crypto What a buffered ETF is and why they could be significant Matt's prediction for the BTC price Their outlook on the future of ETFs and developments in the space 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 VaultCraft Guests: Matt Hougan, Chief Investment Officer at Bitwise Asset Management Previous appearances on Unchained: How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence Previous appearances on Unchained: 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 Will a Spot Bitcoin ETF Finally Get Approved? Links Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security CoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources The Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETF SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance Unchained: Senate Votes to Kill SAB 121 Custody Bill: How Crypto Became So Political 13F Filings Unchained: Large Institutions Betting Big on Bitcoin ETFs Revealed in SEC Filings Leadership changes CoinDesk: Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi Veteran WSJ: Meet Salim Ramji, Who Is Going to Oversee the Retirement Assets of Tens of Millions of Americans Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:51:13

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Why the DOJ Doesn’t Want These MEV Exploiters to Get Away With It - Ep. 647

5/17/2024
In this episode, Evan Zinaman, founder and principal at Trailbreak, delves into the first-of-its-kind case of the Bueno brothers, who face Department of Justice charges for exploiting Maximal Extractable Value (MEV) in a cryptocurrency scheme. Accused of manipulating transaction ordering to create an arbitrage opportunity, the brothers are charged with conspiracy to commit wire fraud as well as wire fraud itself. Zinaman explores the broader implications of MEV exploitation, addresses critics who say that the MEV exploiters just got a taste of their own medicine, and the need for block building participants to consider their legal and compliance responsibilities. Show highlights: What the charges against the Bueno brothers are about How block building works on Ethereum and how the relay was manipulated by the Bueno brothers The different types of MEV and which ones are acceptable Why these charges could be seen as a "vanilla fraud," according to Evan Whether the benefits of MEV outweigh the cons of it The lack of terms of service in the MEV space How the regulators' attention to the space has changed over time Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com First Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle? Thank you to our sponsors! iTrustCapital Polkadot VaultCraft Guest Evan Zinaman, Founder & Principal at Trailbreak Where the Rubber Meets the Road: A MEV-Aware, Functionalist Review of OFAC Risk "on the Base Layer" Links Previous coverage on Unchained of MEV: Why MEV Will Always Be Controversial The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum The Mango Markets Attacker on Whether His 'Trade' Was Ethical or Not The Chopping Block: ‘Code Is Law’ Is ‘Obviously Not How Anything Works Ever’ The Case: Unchained: DOJ Alleges Two Brothers Stole $25 Million From MEV Bots Last Year Research: Blockchain Transaction Ordering as Market Manipulation by Mikolaj et al Learn more: What Are Sandwich Attacks in Crypto? A Beginner's Guide What Is MEV in Crypto? Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:48:48

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The Chopping Block: Crypto in US Politics & Roaring Kitty is back! - Ep. 646

5/16/2024
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and special guest Laura Shin explore the latest trends in the crypto world. In this episode, we touch on how Donald Trump's pro-crypto statements influence voter behavior in the upcoming U.S. elections. We ask ourselves, is voting based solely on crypto policy a legitimate strategy? What are the implications of the Biden administration's stance on crypto regulations for future electoral outcomes? Following the political discussion, we unpack the recent GameStop and AMC pump and dissect the viability of their business models. We bring to light the broader implications for memestocks and whether the increased capital really saves these companies. Tune in for a detailed exploration of these critical questions affecting the interplay of politics, finance, and cryptocurrency. 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 🔹 Crypto's Role in U.S. Politics: Trump's pro-crypto stance at a recent gala and its potential implications for voter behavior are examined. 🔹 Single Issue Voting on Crypto: The legitimacy of voting based solely on crypto policy is debated, with insights into how this could impact the political landscape. 🔹 Opinions on Financial Regulations: The various aspects of financial regulation, including the Biden's administration's stance on crypto, and predictions on how this might influence future electoral outcomes. 🔹 Roaring Kitty’s resurgence and its impact on GameStop's stock prices are discussed, analyzing the ongoing influence of meme stocks in the market. 🔹 Retail's Impact on Financial Markets and the broader implications of retail investment behaviors. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Laura Shin, journalist, author of ‘The Cryptopians,’ founder and CEO of Unchained Disclosures Links Blockworks article: https://blockworks.co/news/only-a-fool-would-vote-on-crypto-alone Trump’s 2019 Tweet: https://x.com/realDonaldTrump/status/1149472282584072192 SAB121: https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409250 Roaring Kitty Tweet: https://x.com/TheRoaringKitty/status/1789807772542067105 Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:00:50:08

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Erik Voorhees' New Venture: Why AI Desperately Needs Privacy and Uncensorability - Ep. 645

5/14/2024
Erik Voorhees, a crypto OG, has launched Venice, a private, uncensorable, open-source competitor to OpenAI’s ChatGPT or Anthropic’s Claude, powered by a decentralized crypto network. In the episode, Erik and Venice’s COO Teana Baker-Taylor delve into the problems with censorship and data in current AI agents, including how they create honeypots of information about users’ search history for hackers, or that they can be absurdly politically correct, such as refusing to create images of Caucasian people. As they point out, there’s also the risk that the companies managing them could be censoring the models to please the Chinese government, in order to access the market in that country. They talk about their plan for Venice to gain market share, considering that DuckDuckGo, a privacy-preserving competitor to Google, has a much smaller market share. And they explain why they intend for Venice to eventually use the compute of Morpheus, or other decentralized crypto-powered compute networks. They also critique the SEC’s current regulatory approach to crypto, calling it “a joke.” Additionally, they explore the concept of AI agents using cryptocurrencies as their primary currency. Show highlights: Why Erik decided to move into artificial intelligence and merge it with crypto What problems decentralized AI would solve and why it's hard to solve sexist and racist views in LLMs The differences between ChatGPT and other similar products and Venice AI Why privacy is so important for users, according to Erik, and how Venice doesn't store the users' information How central governments could manipulate information to their own benefit and how to avoid it Whether people will shift from using search engines to LLMs What Morpheus is and its goal to provide decentralized computation for AI How Erik and Teana believe crypto and AI will continue to work together Erik's and Teana's thoughts on some of the recent government actions against founders of crypto privacy services such as Samourai Wallet andTornado Cash Why Erik believes that the SEC has become a joke Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com First Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle? Thank you to our sponsors! Polkadot VaultCraft Guests: Erik Voorhees, Founder and CEO of Venice AI Previous appearances on Unchained: Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets Why ShapeShift’s Erik Voorhees Thinks Toxic Bitcoin Maximalism Is Bullshit Shapeshift’s Erik Voorhees on How Crypto Will Separate Money and State Teana Baker-Taylor, COO at Venice AI Links Previous coverage on Unchained of crypto/AI: When AI and Blockchain Meet, How Can Each Technology Benefit? The Chopping Block: Why AI Will Change the Course of History in Crypto 5 Use Cases of AI in Blockchain A Beginner's Guide to AI Tokens Venice AI: Erik’s thread announcing Venice The Separation of Mind and State Architecture: About Morpheus.Network Messari: What is Akash Network? LLMs: MIT Technology Review: LLMs become more covertly racist with human intervention China Talk: Censorship’s Impact on China’s Chatbots - by Nicholas Welch Recent cases on privacy: CoinDesk: Samourai Wallet Founders Arrested and Charged With Money Laundering Cointelegraph: DOJ’s Tornado Cash arguments show ‘obvious disdain for privacy’ — Lawyer CNBC: North Korea crypto hacking activity soars to record high in 2023, new report shows Reuters: Exclusive: UN experts investigate 58 cyberattacks worth $3 bln by North Korea Erik’s post on the right to have privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Duration:01:18:21