463 episodes

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.

Unchained Laura Shin

    • Noticias
    • 5.0 • 8 Ratings

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.

    The Chopping Block: Why Canto, Up Nearly 500% This Month, Has Its Haters

    The Chopping Block: Why Canto, Up Nearly 500% This Month, Has Its Haters

    Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they cover:


    why Bitcoin maximalists are mad about Bitcoin NFTs

    why Robert thinks Bitcoin is not a good blockchain on which to build things

    why Canto, a layer 1 blockchain, surged in price and activity and why Haseeb is anti-Canto

    how Ethereum will have multi-dimensional fee structures 

    what the role of applications in generalized blockchains should be and why they think they shouldn't be enforced at the base layer

    the accusations against the LayerZero team and their response

    the battle to provide the bridging services to Uniswap


    Hosts


    Haseeb Qureshi, managing partner at Dragonfly Capital


    Tarun Chitra, managing partner at Robot Ventures


    Robert Leshner, founder of Compound 


    Tom Schmidt, general partner at Dragonfly Capital


    Links
    Disclosures

    Bitcoin NFTs: 


    The Block: What are Bitcoin NFTs Ordinals and how do they work?


    BTC: Core On-chain - Glassnode Studio

    Bitcoin - The Overview

    Ordinals


    Canto: 


    The Block: Layer 1 blockchain Canto sees surge in trading activity


    Canto - Lending


    LayerZero controversy:

    James Prestwich’s tweet


    Bryan Pellegrino’s response



    Explanation of the situation by Bartek


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    • 59 min
    Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way'

    Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way'

    Following the release of Celsius' examiner report, Kadhim Shubber, an investigative reporter at The Financial Times, dives into the controversial business practices of the lender, how the company inflated the CEL token, the use of customers' money, and much more.

    Show highlights:

    how Celsius used investors’ money to prop up the price of CEL

    the reasons why Celsius inflated the CEL token

    where the money to pay rewards to investors came from

    blatant misstatements from Alex Mashinsky and how his team tried to cover him

    how the company leveraged Bitcoin to fill the hole in its balance sheet

    who was responsible for Celsius' shady business practices

    Celsius' poor investment decisions

    whether Mashinsky is at risk of facing criminal charges


    Thank you to our sponsors!
    Crypto.com

    Guest
    Kadhim:
    Twitter

    Links


    Final report of Shoba Pillay, examiner


    Financial Times: Crypto lender Celsius misused customer funds for years, examiner finds



    Unchained: 7 Revelations From Celsius’ Examiner Report



    CoinDesk: Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner



    The Block: Tether denies it borrowed $2B from Celsius, as described in court report



    Blockchain News: Celsius' Official Creditor Committee Denies Rejected Bids


    Ram Ahluwalia’s take on the Celsius bankruptcy examiner report



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    • 38 min
    Did FTX Ruin Crypto’s Image on Capitol Hill? Two DC Insiders Discuss

    Did FTX Ruin Crypto’s Image on Capitol Hill? Two DC Insiders Discuss

    Sheila Warren, CEO of the Crypto Council for Innovation, and Miller Whitehouse-Levine, Policy Director of the DeFi Education Fund, offer insider takes on how lawmakers and regulators are viewing crypto after FTX’s catastrophic failure. Both expect heightened activity in the U.S. from what they’re calling the “Crypto Congress.” Will this be the year for stablecoin regulation? Is DeFi still in the crosshairs? What about Ripple’s fight with the SEC? The two crypto policy experts look to the U.S. and beyond for what regulatory battles lie ahead in 2023.

    Show highlights:

    why the current environment in Washington makes it difficult to pass new legislation

    whether the opinion of members of Congress on crypto has changed in the aftermath of FTX’s alleged fraud

    how Elizabeth Warren and others are using the FTX collapse to prove their anti-crypto stance

    whether it’s possible to prevent a fallout like FTX from ever happening again

    why Miller believes that this year Congress will be “absolutely obsessed” with crypto

    what stablecoin legislation would look like, and why stablecoins are more likely to be regulated sooner

    why Sheila thinks Ripple could win its case against the SEC

    why they believe the SEC’s failure to approve a spot Bitcoin ETF is a logical inconsistency 

    why they think it’s not possible to apply TradFi rules to DeFi technology

    how more policymaker education needs to be done

    how OFAC sanctioning Tornado Cash sparked many conversations among researchers and policymakers

    the role of the government in preserving national security

    how MiCA took an appropriately slow approach to imposing DeFi regulations

    the impact of China and India adopting digital currencies 

    why Miller thinks China’s digital yuan is “the apotheosis of a totalitarian technology” 

    Thank you to our sponsors!
    Crypto.com
    FTSE

    Links

    Previous coverage of Unchained on crypto legislation:

    Why Bitcoin Now: Michael Casey and Niall Ferguson on How Bitcoin Fits in the History of Money

    Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End

    Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto


    Guests:
    Sheila:
    Twitter
    Miller:
    LinkedIn

    FTX


    CoinDesk: 

    After FTX: How Congress Is Gearing Up to Regulate Crypto

    Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses

    After FTX: How Congress Is Gearing Up to Regulate Crypto



    CNBC: House Republicans move to regulate crypto industry with a new subcommittee


    MiCA


    CoinDesk:

    Analyzing What's Next for Europe's Markets in Crypto Assets Law

    EU’s MiCA Crypto Law Would Have Stopped FTX's Malpractice, Officials Say


    Others

    Project Hamilton - Building a Hypothetical Central Bank Digital Currency

    U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash

    Tornado Cash is no “golem.” It’s a tool for privacy and free speech. - Coin Center


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    • 1 hr 15 min
    The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum

    The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum

    Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Flashbots co-founder Phil Daian joins the show to go deep on what maximal extractable value (MEV) means and how it’s shaping the Ethereum ecosystem.

    Show highlights:

    how Phil started working in MEV and why he believes it resembles 'Alice in Wonderland'

    Phil's definition of MEV and when he realized this was an actual problem

    how Flashbots was born

    the story of how Vitalik didn't care about sandwich attacks at the time Uniswap was released

    whether it's possible to minimize MEV via more competition

    the never-ending debate about whether MEV should be accepted

    why Tarun thinks the concept of fair ordering is against nature 

    how Bitcoin uses social norms to solve its weaknesses 

    how Google is being called out in court for creating auction to front run its customers

    how Flashbots worked prior to and after Ethereum's Merge

    why Flashbots complies with OFAC sanctions 

    what is the Suave project and how it aims to decentralize Flashbots

    what the future of MEV looks like




    Hosts


    Haseeb Qureshi, managing partner at Dragonfly Capital


    Tarun Chitra, managing partner at Robot Ventures


    Tom Schmidt, general partner at Dragonfly Capital


    Guest:
    Phil:
    Twitter

    Disclosures

    Links
    The Block: Flashbots seeks up to $50 million at a billion-dollar valuation
    CoinDesk: Opinion: Miners, Front-Running-as-a-Service Is Theft
    CNN: DOJ sues Google over its dominance in online advertising market
    Unchained: 51% of Ethereum Blocks Are OFAC Censored
    Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? - Ep. 390

    The Cost of Decentralization in 0x and EtherDelta

    Previous coverage of Unchained on MEV:
    Why Is Ethereum Trying to Maximize Value From Users? Two Sides Debate

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    • 1 hr 32 min
    Why Grayscale Is Suing the SEC Over Its Denial of a Bitcoin ETF

    Why Grayscale Is Suing the SEC Over Its Denial of a Bitcoin ETF

    Michael Sonnenshein, CEO of Grayscale Investments, gives an overview of his firm’s case against the SEC, which has denied requests to turn Grayscale’s bitcoin trust into an exchange-traded fund (ETF). With oral arguments kicking off March 7, Sonnenshein lays out what a worst-case “tender offer” would entail and whether DCG CEO Barry Silbert has any say over GBTC’s fate. 

    Show highlights:

    why Grayscale charges higher fees than, say, the average ETF

    what Grayscale will do if it loses its case against the SEC

    why Grayscale has not filed for Regulation M relief

    Michael's comments on Gemini liquidating 31 million shares of GBTC

    the reason behind the October 2022 timing of Grayscale changing GBTC's “authorized participant”

    the relationship between Grayscale and DCG, and Barry Silbert's involvement in Grayscale's operations

    why the trust agreement of GBTC was changed


    Thank you to our sponsors!
    Crypto.com

    Guest
    Michael Sonnenshein:
    Twitter

    Links


    CNBC: Court sets date for oral arguments in Grayscale's challenge of SEC's bitcoin ETF decision


    Reuters: 

    Grayscale would appeal lawsuit against SEC if court rejects case, CEO says

    Ruling in Grayscale-U.S. SEC lawsuit likely within a year


    MarketWatch: Grayscale may ‘ultimately’ consider tender offer for bitcoin trust, CEO says



    CoinTelegraph: Grayscale terminates Bitcoin trust material agreements with Genesis



    CoinDesk: Grayscale Slams SEC's 'Unreasonable' Barring of Spot Bitcoin ETFs



    Bloomberg: Hedge Fund Sues Grayscale for Data on Battered Bitcoin Trust



    Bitcoinist: Here's What A Reg M Will Entail For Genesis, DCG And Bitcoin


    Why Investment Experts Say a Spot Bitcoin ETF Would Be Superior to Bitcoin Futures ETFs by Laura Shin


    Andrew Parish’s tweet on the possibility of the case going to the Supreme Court



    Grayscale’s End of Year CEO Letter to Investors



    Ycharts: GBTC Discount or Premium to NAV




    Previous coverage of Unchained on GBTC: 

    Bitwise's Latest Plans to Get a Bitcoin ETF Approved

    DCG's Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini?

    Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?

    ‘The Last Big Whale’: Why the Crypto Contagion of 2022 Eventually Hit Genesis


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    • 39 min
    The Chopping Block: Will Genesis Creditors Be Made Whole?

    The Chopping Block: Will Genesis Creditors Be Made Whole?

    Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they covered:

    why the markets were up so much recently

    how and why Genesis entered into bankruptcy

    why the hole in DCG's financials are potentially much bigger than previously reported

    the differences between the bankruptcies of FTX and Genesis

    whether 3AC founders Su Zhu and Kyle Davies will find success with their new exchange

    what will happen to GTBC now that a huge portion has already been liquidated

    whether Tarun is predicting "the start of a new supercycle"

    the large percentage of vested SOL held by the FTX estate

    how SBF is still trying to win the public 


    Hosts


    Haseeb Qureshi, managing partner at Dragonfly Capital


    Tarun Chitra, managing partner at Robot Ventures


    Robert Leshner, founder of Compound 


    Tom Schmidt, general partner at Dragonfly Capital



    Links

    Disclosures

    Genesis: 


    Bloomberg: FTX Bankruptcy Judge Backs Company Law Firm, Rejects Last Minute ‘Rumors’


    CoinDesk: 

    Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor

    Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure

    CNBC: 

    Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities

    Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG

    Unchained: 

    Is Genesis’s Prepackaged Bankruptcy The Ultimate Sacrifice? 

    Gemini Ends Its Earn Program and Calls for Barry Silbert’s Ouster

    DCG Under Investigation by DOJ and SEC: Report

    Genesis CEO Says Firm Needs More Time to Find a Solution



    FTX:


    Unchained: 

    SBF Says Excel Spreadsheet Proves FTX US Is Solvent


    WSJ: New FTX Chief Says Crypto Exchange Could Restart


    The Block: FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’



    3AC/GTX: 

    Unchained: 3AC Founders Are Raising $25M for ‘GTX’


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    • 56 min

Customer Reviews

5.0 out of 5
8 Ratings

8 Ratings

Lewis Santh ,

Tuned in

Great to have a journalist so business focused and well connected. Amazing guests and amazing contents.

Great to have you now once a week.

elPableras6s ,

Geniales entrevistas

Me encanta poder escuchar las opiniones de tantas personalidades del mundillo de las criptodivisas.

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