Unchained Laura Shin

Bitcoin Ordinals have exploded in popularity since their launch by developer Casey Rodarmor in January, changing the NFT game with millions of inscriptions to date. But what comes next for Bitcoin-based digital artifacts? Danny Yang and Bill Tai, cofounders of Metagood and creators of NFT collection OnChainMonkey, discuss why they will move OnChainMonkey from Ethereum to Bitcoin, Rodarmor’s proposal to change the Ordinals inscription numbering system, and why they believe more creators should consider moving to Bitcoin.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

How the idea for Metagood came up

What is give-to-earn and how it is used to reward OnChainMonkey holders

The differences between Ethereum versus Bitcoin when it comes to digital assets

The creative potential of Bitcoin Ordinals 

Why OnChainMonkey will move from Ethereum to Bitcoin

Thoughts on Casey Rodarmor’s Bitcoin Ordinals proposal to change the inscription numbering system

What are recursive inscriptions

How to convince NFT creators to leave other blockchains for Bitcoin


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Guest:


Bill Tai, cofounder of Metagood and creator of OnChainMonkey

Previous appearances on Unchained:


https://unchainedcrypto.com/maitai-globals-bill-tai-on-why-blockchain-is-the-6th-wave-of-technology/ 


Danny Yang,  cofounder of Metagood and creator of OnChainMonkey

Links

Unchained: 


MaiTai Global’s Bill Tai On Why Blockchain Is The 6th Wave Of Technology 


Bitcoin Ordinals Creators Propose Changing Inscriptions Numbering 

What Are BRC-20 Tokens? A Brief Introduction

Was Bitcoin Creator Satoshi Pro-NFTs?


Bitcoin Ordinals Inscriptions Surge Past 2.7 Million 


How to Create a Bitcoin Ordinal 



Elsewhere: 

Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?

A New Frontier for Bitcoin? Recursive Inscriptions Explained

‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum


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As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

The chances of FTX winning in court against Sam Bankman-Fried’s parents

The case against Barbara Fried and Joseph Bankman 

Whether civil cases could turn into criminal ones

Whether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort 

What retail clawbacks are and the likelihood that FTX will pursue them

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Guest

Thomas Braziel, founder of 117 Partners

Previous appearances on Unchained:

Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision

Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In

Will Celsius Survive the Bankruptcy Process?

How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX

Links

Previous coverage of Unchained on Sam Bankman-Fried and FTX:

The Chopping Block: Was FTX a Scam From the Very Beginning? 

How Much Prison Time Is FTX’s Sam Bankman-Fried Facing? 

Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years

The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?

Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion

Is the Collapse of Crypto Lending Over, or Is It Just Starting?

Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?

The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater 

Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets

The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?

Sam Bankman-Fried on How to Prevent the Next Terra and 3AC

Unchained: 

New Suit Claims That FTX Kept Its Fraud All in the Family

Stanford University Will Return $5.5 Million to FTX

FTX Sues SBF’s Parents to Claw Back Misappropriated Funds: Report

Full text of the FTX lawsuit against Bankman and Fried

CoinDesk: Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved


Bloomberg: How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire


The Verge: The best stuff Sam Bankman-Fried’s parents bought using FTX money



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Welcome to The Chopping Block – where crypto insiders chop it up about the latest news. This week, Haseeb Qureshi and Tom Schmidt speak to Will Warren, cofounder of 0x Labs, to discuss why the CFTC issued them a Wells Notice, how they responded to regulatory scrutiny, and how other countries may offer a blueprint for crypto regulation.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights: 

why the CFTC issued a Wells Notice to 0x

how a decentralized application addresses the issue of geolocalization of users

how the team at 0x worked together with the CFTC to avoid violating the Commodity Exchange Act (CEA) again

what are the implications of the settlement and who's liable for offering services 

why it's so hard for crypto projects to follow the rules without clear regulatory guidance

why Haseeb says that the SEC wants this industry to “not exist”

how lack of regulatory clarity may be stunting US innovation

whether there's a conflict of interest between the companies building protocols and the protocols themselves

Hosts


Haseeb Qureshi, managing partner at Dragonfly 


Tom Schmidt, general partner at Dragonfly 

Guest

Will Warren, cofounder of 0x Labs 
Disclosures
Links

Unchained: 

UniswapX Launches With MEV Protection and Gas Free Swaps

CFTC Charges Three DeFi Protocols With Violating AML Rules, Operating Without Licenses


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Zeke Faux, author of 'Number Go Up,' shares his findings after making a deep dive into the world of crypto. From skepticism to a full-blown investigation, Faux recounts his journey that led him to the heart of crypto, meeting some of the most eccentric characters in the industry. As a Bloomberg investigative reporter, Faux brings a critical eye to the crypto sphere, unearthing the bizarre, the risky, and the downright astonishing facets of what the crypto community calls a financial revolution.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

what the book 'Number Go Up' is about

Zeke's background as an investigative reporter for Bloomberg

whether Zeke is skeptical about crypto 

why Zeke thought it was a big deal to investigate Tether, the issuer of USDT

whether he had a conclusion on the fact that he couldn't find anything big about Tether

why Zeke says that Sam Bankman-Fried had a sloppy approach to risk management

why Zeke believes that SBF did not give so much money to charity even though he's an effective altruist

how projects like STEPN and Axie Infinity are 'clearly not the future of finance,' according to Zeke

how SBF had such an open relationship with the media that helped him when the FTX collapse happened

what Zeke found out investigating pig butchering scams in Cambodia

how Zeke’s attempt to buy a Mutant Ape to get into an Ape Fest in New York City taught him about crypto’s bad user experience


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LayerZero

Guest:

Zeke Faux, author of ‘Number Go Up’
Bloomberg: 11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall
Links
Tether

Unchained: 

Is Tether a Fraud? Its Bank Says It's Not 

Tether, the Multibillion-Dollar Stablecoin at the Heart of the Crypto Ecosystem

Sam Bankman-Fried and FTX

Unchained: 

Sam Bankman-Fried on How to Prevent the Next Terra and 3AC

SBF Behind Bars: Why Revoked Bail Is a Big Deal for Crypto’s Biggest Trial

Pig butchering scams
Unchained: How This Prosecutor Is Spearheading the Fight Against Crypto ‘Pig Butchering’ Scams

Crypto in developing countries

Bitcoin in El Salvador: Why Would Cypherpunks Support Government-Mandated Bitcoin Adoption?

Anita Posch on Why ‘Bitcoin Is a Tool for Freedom’ – Especially in Africa


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In the wake of FTX’s collapse, Binance – already the biggest exchange in the world by a large margin – has continued to grow. But a series of challenges, including billions of dollars worth of customer outflows, the winding down of its stablecoin BUSD and the SEC and CFTC lawsuits related to its U.S. operations have challenged its market dominance. Steven Ehrlich, director of research at Forbes Crypto, joins the show to discuss how Binance has been dealing with a deluge of bad news and how it plans to forge a path forward. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

how the collapse of FTX impacted Binance and its market dominance

how Binance has been losing market share over the past few months

why Steven believes that Binance.US is in a "very tenuous situation"

whether Binance is feeling stronger now that the SEC experienced a partial loss in the Ripple case

the consequences of consumers losing trust in Binance, according to Steven

the speculation around the recently filed sealed motion filed by the SEC

whether the theory that Binance is the next FTX has some merits

how Binance.US needs to recuperate some market volume to increase its revenue

Thank you to our sponsors!

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Guest

Steven Ehrlich, director of research at Forbes Crypto
Links

WSJ: 

Binance, the Biggest Player in Crypto, Is Facing Legal Risks Over Russia

More Binance Executives Leave, Including Some Overseeing Russia

How the Binance CEO Operates: Weigh the Risk, Calculate the Reward

What Is Happening With Binance?

Binance Lays Off Over 1,000 Employees

Some Binance.US Crypto Trading Was a Mirage, the SEC Alleges

Binance.US Legal, Risk Executives Leave the Crypto Exchange

Reuters: 

Crypto exchange Binance hit by executive exodus

Paxos receives U.S. SEC notice over Binance's stablecoin 'BUSD'

Binance CEO's trading firm received $11 billion via client deposit company, SEC says

The Block:

Binance.US can't grow until CZ sells stake, fixes regulatory issues: sources

Binance to end support for BUSD, encourages conversion to FDUSD

Mastercard, Binance end crypto card partnership in four countries

Binance withdraws crypto license application in Germany 

CoinDesk: SEC's Secret Binance Court Filing Has Observers Bracing for Bad News


John Reed Stark’s post on X 

CFTC: CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange



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It’s been a busy year for USDC issuer Circle, with several new product launches and partnerships, a crypto banking crisis to contend with, the entry of PayPal into the stablecoin business, and plenty of new global regulatory developments, including a bill in the U.S. now making its way through Congress. Circle co-founder and CEO Jeremy Allaire joins Unchained for an in-depth discussion on the reasons behind Coinbase’s investment in Circle, how Circle has emerged stronger from the banking crisis, what he thinks of PYUSD, what he likes and doesn’t like about the current U.S. stablecoin bill, and his thoughts on what the final bill will look like. 
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

why Circle and Coinbase created the Center Consortium and why Coinbase acquired a stake in Circle

whether Circle is aiming to be acquired or become a public company, and why Jeremy is pursuing a "multi-decade" strategy

why Circle partnered with MercadoLibre and the stablecoin usage in Latin America [may need to cut if embargo does not stick]


how the company has been supporting developers to build applications

why Circle is launching native USDC on so many new blockchains 

what the purpose of cross-chain transfer protocol (CCTP) is and what the big problems with bridges are

how Circle responded to Silicon Valley Bank’s collapse and why the world began to feel that "it's not safe to be exposed to the US"

Jeremy's thoughts on the launch of PayPal's stablecoin, PYUSD

why having stablecoin legislation is a "national priority," according to Jeremy

why Jeremy is a proponent of a fully reserved banking system

why he thinks the US needs to "aggressively" take action to preserve the global reserve currency status of the US dollar

how China’s national digital currency is likely to develop

how crypto can provide a better way of providing identity without giving up privacy

why blockchain technology is much more than just a financial regulatory matter


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LayerZero

Guest:

Jeremy Allaire, cofounder, Chairman and CEO of Circle

Previous appearances of Jeremy on Unchained: 

Crypto on Every Corner: Driving Adoption With Jeremy Allaire and Meltem Demirors

Circle’s Jeremy Allaire and Sean Neville on Why Crypto Will Be Bigger Than the Web

Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Links

Unchained: 

Coinbase Acquires Equity Stake in Circle Amid USDC Updates and Market Challenges

Will PayPal’s PYUSD Steal Market Share From Tether and Circle?

The Fall of SVB: What Happened and How It Affects Crypto



CoinDesk: 


U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House 

Circle Seeks to Make Crypto Payments Easier With New 'Programmable Wallets'


Written Statement of Jeremy Allaire Before the United States House Committee on Financial Services, “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem”

South China Morning Post: Head of crypto firm Circle accepts ban in mainland China, but sees role for yuan-backed stablecoins 

TechCrunch: Solana Pay integrates plug-in with Shopify for USDC payments 

Decrypt: News Explorer — Circle Partners With Mercado Libre to Bring USDC to Chile 


Jeremy’s comments on the launch of PYUSD




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