Unchained

Laura Shin

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world.

  1. 2 days ago

    How NEAR Intents Identified a Suspect and Got Its Stolen Funds Back

    A bridging bug cost NEAR Intents $3.8 million. Alex Shevchenko reveals how a coded tweet and a Signal invite encrypted with the attacker's key got the funds back. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ======================================================== Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for.⁠⁠⁠⁠⁠ Our listener survey⁠⁠⁠⁠⁠ takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura ======================================================== NEAR Intents halted services after an attacker exploited a bug in its Omni bridging infrastructure and walked off with $3.8 million. Twelve hours after announcing the hack, the team tweeted at the suspect: "We have identified you, sir." Alex Shevchenko, GM of NEAR Intents, joins Laura Shin to walk through how the attacker got the protocol to credit USDT deposits on BNB Chain that never happened, why NEAR Intents covered the loss from its own pockets, and how a Signal invite encrypted with the attacker's public key opened a private channel that ended with the funds coming back, partly in XMR. He also lays out how Shield, NEAR Intents' detection system, kept 99% of the more than $50 million tied to the Bitget hack from passing through, and why he thinks shielded Zcash could face Monero's fate. His argument: crypto that protects thieves can never become the economic backbone its builders want. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guest: ⁠Alex Shevchenko - GM of NEAR Intents Timestamps 🚨 01:43 How an Omni bridging bug let an attacker fake deposits and drain $3.8M 🌐 02:37 What NEAR Intents is, and how it relates to NEAR Protocol and near.com ⚙️ 05:01 How the hack worked and how the identified that it had occurred 💧 09:51 1inch Aqua: Back multiple positions with one token balance at https://1inch.com/aqua 🚔 10:55 Law enforcement, and how NEAR Intents identified a suspect within 12 hours 🔐 17:51 The Penn and Teller playbook: a Signal invite only the attacker could decrypt 🏎️ 22:52 Why Alex says a bug bounty beats hacking, Lambo included 🛡️ 26:24 Shield: how NEAR Intents kept 99% of Bitget hack funds off the protocol ⚖️ 32:07 Does blocking stolen funds make NEAR Intents centralized? Alex says no 🕶️ 40:17 Can shielded Zcash stay clean, or will it follow Monero's path? Learn more about your ad choices. Visit megaphone.fm/adchoices

  2. 6 days ago

    Paid Partnership: How Nexo Wants You To Build Wealth Using Crypto

    SPONSORED CONTENT: This video is a paid partnership with Nexo. It was produced in collaboration with Nexo and is separate from Unchained's editorial coverage. Nexo is a digital asset wealth platform offering yield products and crypto-backed lines of credit. Join Nexo and get up to $5,000 in rewards. Terms apply. Geo-restrictions, eligibility and terms apply. https://ref.nexo.com/_5MiOg41 ======================================================== A new report revealed that affluent investors aren't using crypto to build wealth. Nexo US COO Neil Steinhardt explains how the platform aims to fix that. ======================================================== About two-thirds of the affluent investors Nexo surveyed own crypto, but fewer than 5% have fully integrated it into how they build long-term wealth, according to the company's new report, The Future of Digital Wealth. Neil Steinhardt, COO of Nexo US, walks host Ryan S. Gladwin through the report's Crypto Integration Index and why he says friction, not conviction, is holding investors back. He covers why Argentina has the highest ownership but the lowest integration, and how incoming regulatory clarity has brought Nexo back to the US. Steinhardt also details how Nexo's crypto-backed credit lines work, what he heard from advisors at a registered investment advisor conference, and why a $35 trillion to $106 trillion wealth transfer could land with a generation that has high conviction in digital assets. He closes on why he thinks CeFi lenders, which he says outpaced DeFi lenders for the first time in Q2, are positioned for the convergence of TradFi and crypto. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ryan S. Gladwin - Freelance Journalist Guests: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Neil Steinhardt - COO of Nexo US Timestamps 🔎 01:04 Why Neil says friction, not conviction, keeps crypto out of wealth plans 🧮 02:48 Inside Nexo's Crypto Integration Index 🌎 05:01 Other factors preventing crypto from integrating into wealth plans 🤝 06:50 How Nexo fixes friction in wealth building ⚖️ 08:27 How incoming regulatory clarity has brought Nexo back to the US 💳 10:15 How Nexo's crypto-backed credit lines work 👵 15:06 The coming wealth transfer to a generation with high crypto conviction 🏛️ 18:03 Investment advisors aren't advocating for crypto, here's how to change that 🏎️ 19:31 Nexo's card program and why Neil says wealth means experiences 📈 22:35 Why CeFi lenders outpaced DeFi lenders in Q2 Learn more about your ad choices. Visit megaphone.fm/adchoices

  3. 30 Sept

    How Bitget Is Chasing $388 Million in Stolen Funds After a Zero-Day Hack

    Bitget lost $388 million — and days later, CEO Gracy Chen says scammers posing as a major investment team targeted her. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ======================================================== Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for.⁠⁠ Our listener survey⁠⁠ takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura ======================================================== On September 24, attackers used a zero-day in a third-party security product to slip fraudulent withdrawal commands into Bitget's wallet system, pulling out about $388 million across chains from Ethereum and XRP to Zcash. Bitget CEO Gracy Chen joins Laura Shin to reconstruct the attack, from test transfers that stayed under risk thresholds to her team's call to switch wallets back on mid-attack and sweep hot and warm funds into cold storage. She lays out how the exchange's protection fund covered users and why reopened withdrawals showed an early net inflow. Then comes the industry response. Tether, Circle, and NEAR Intents froze funds, THORChain declined her request, and only $632K is frozen so far. Chen also describes scammers impersonating an investment firm to target her after the hack. Her case that "permissionless doesn't mean neutral" puts a hard question to DeFi. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guest: ⁠Gracy Chen - CEO of Bitget Timestamps 🚨 01:50 How attackers used a third-party zero-day to fake withdrawal commands ❄️ 07:15 Why Bitget switched wallets back on mid-attack to sweep funds to cold storage 💧 14:30 1inch Aqua: See how LPs back multiple positions with the same token balance at http://unchainedcrypto.com/go/1inch-sn ⛓️ 15:37 Why the hackers were able to transact even after withdrawals were paused 🧊 19:04 How Tether, Circle, and NEAR Intents froze funds, and why recovery is harder 🕵️ 24:05 ZachXBT's shift on the Bitget hack and his earlier pump-and-dump claims 🛡️ 30:01 NEAR Intents vs. THORChain: does permissionless mean neutral? 💰 41:55 Why Bitget built its protection fund in 2022 and how it covered the loss 🎭 48:17 How scammers posed as an investment team to target Gracy after the hack 📈 01:01:32 A net ETH inflow after withdrawals reopened, and whether the IPO is still on Learn more about your ad choices. Visit megaphone.fm/adchoices

  4. 25 Sept

    Why the Crypto Market Cap Could Reach $50 Trillion This Cycle

    Ran Neuner argues crypto has finally found product-market fit, and a BlackRock report on AI agents and blockchain rails convinced him the thesis may be much bigger than he thought. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ======================================================== Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for.⁠ Our listener survey⁠ takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura ======================================================== The 10-year Treasury yield just hit its highest level since 2007, and Ran Neuner thinks Scott Bessent will answer by bringing more money to the party. Neuner, founder and CEO of Crypto Banter, makes the case to Laura Shin that this is not just another Bitcoin cycle but crypto's first real bull market. His argument rests on two use cases. The first is social trading, which he describes as the world's biggest social network and casino "having a baby," with Hyperliquid and Pump.fun earning millions of dollars a day. The second is AI agents: he cites a study projecting one billion agents by 2029 and a new BlackRock report arguing machine-to-machine payments favor blockchain rails over ACH and card networks. They also cover why he calls RWAs magazines moved online, whether AI IPOs will drain crypto liquidity, and why he thinks Zcash may be more useful than Bitcoin. If he's right, his own 7x altcoin projection may prove conservative. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guest: Ran Neuner - Founder and CEO of Crypto Banter Timestamps 🏦 01:47 Why Ran thinks Bessent is engineering 'the ultimate short squeeze' 📊 04:45 Why an ETH/BTC breakout signals crypto's first real product-market fit 🎰 09:35 Social trading: a social network and a casino 'having a baby' 💧 14:03 1inch Aqua: Back multiple liquidity positions with one wallet balance at http://unchainedcrypto.com/go/1inch-yt 🤖 15:06 How a billion AI agents could send altcoins far past Bitcoin ⏱️ 29:14 Why Ran thinks AI agents will borrow against compute and tell time in blocks 🌐 37:01 Will AI IPOs drain crypto liquidity? Ran on why AI isn't the dot-com bubble 🛡️ 40:05 Privacy vs. social trading, and why Ran calls Zcash 'more useful than Bitcoin' Learn more about your ad choices. Visit megaphone.fm/adchoices

  5. 23 Sept

    Bits + Bips: Is Bitcoin Finally Being Priced on Fundamentals?

    📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for. Our listener survey takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura  When the Clarity Act stalled in Congress, the shorts expected Bitcoin to break. It dipped to $75,000 and stopped. Then came the surprise that the bill might pass after all, and Bitcoin closed its first weekly candle above its 50-week moving average in 45 weeks. Ram Ahluwalia calls it a short squeeze, and says that doesn't make it illegitimate. Chris Perkins sees a regime change, with institutions now underwriting crypto on fundamentals. Austin Campbell asks what happens if US retail, still missing from the Coinbase premium, shows up too. Hosts: Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97 This segment is from a longer conversation on Bitcoin, the Fed, a $30 trillion debt pile, and Meta's new AI agent. Full episode here: https://youtu.be/r2Z9ooMTcZ0?si=-mncR-xhm7kUM507  We go live every Monday - subscribe to catch it live. 👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at http://unchainedcrypto.com/go/1inch-sn    Chapters: 📊 00:34 Bitcoin's 50-week reclaim: the bull case and the bear case laid out 🐻 03:51 Why Ram thinks it's a short squeeze, and why that doesn't make it illegitimate 🔄 05:14 Why Chris thinks this is a regime change toward fundamentals ⚖️ 07:31 Austin on how Clarity's failure invalidated the short case 👀 12:26 Why retail hasn't shown up yet, and what happens if it does Learn more about your ad choices. Visit megaphone.fm/adchoices

  6. 23 Sept

    How Zcash and NEAR Are Driving This Crypto Bull Run

    Zcash and NEAR are both ripping this week, and Illia Polosukhin and Mert Mumtaz say privacy is the reason why. Is this how the “Bitcoin DeFi” vision comes true? ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ======================================================== Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for. Our listener survey takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura ======================================================== Zcash just cracked the top 10 on CoinGecko, up 32% in a week and near an all-time high. NEAR is up 69% over the same stretch, and both rallies trace back to the same catalyst: transactions nobody else can see. Illia Polosukhin, co-founder of NEAR Protocol, and Mert Mumtaz, co-founder and CEO of Helius, join Laura Shin to unpack why confidential transactions, not speculation, are driving the rally, and why the two networks now function as one privacy-preserving liquidity layer for real businesses and institutions, not just traders. They cover NEAR Intents' $260 million in TVL, the multi-party computation and secure enclaves behind NEAR's confidential balances versus Zcash's zero-knowledge shielded pool, the counterfeiting bug that forced Zcash's Ironwood migration, and NEAR's Shield system, which halted transactions mid-hack during a Litecoin exploit. Zcash's next upgrade, Project Tachyon, aims to make the network quantum-proof and scale it 100x, and Mert argues privacy will not stay a competitive edge for long. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guest: ⁠Illia Polosukhin - Co-Founder of NEAR Protocol ⁠Mert Mumtaz - Cofounder and CEO of Helius Timestamps 🚀 01:39 Guest intros, plus why ZEC (+32%) and NEAR (+69%) are ripping this week 🌐 03:13 Illia and Mert on why NEAR and ZEC's price action is turning heads 🟠 08:34 Is Zcash and NEAR the Bitcoin DeFi dream, minus Bitcoin? 🕵️ 11:54 Why coffee-shop-level balance visibility is a real business risk ✈️ 15:06 Mert's travel hack: booking flights and hotels privately via NEAR Intents 🧠 18:12 Why privacy is a retention tool first, not just an onboarding one 📣 25:11 1inch Aqua: back multiple liquidity positions with one wallet balance at http://unchainedcrypto.com/go/1inch-yt 🔐 26:23 Privacy vs confidentiality: ZK proofs versus NEAR's MPC-and-enclave model 🛡️ 29:26 Inside NEAR's secure enclaves, and why store-of-value needs real privacy 🔄 33:59 How a NEAR Intents swap settles across chains, and its $206 million in TVL 🐛 39:09 The Zcash counterfeit bug, the Ironwood migration, and formal verification 🤖 45:49 How NEAR's Shield AI system and MPC guardrails manage solver risk ⚡ 51:33 Zcash's NU7 upgrade: faster blocks, quantum-proofing, and private voting Learn more about your ad choices. Visit megaphone.fm/adchoices

  7. 18 Sept

    Crypto's Clarity Act Collapses. Two Days Later, the SEC Introduces Its Innovation Exemption

    Days after Clarity failed, the SEC granted a major exemption for tokenized stocks. The Digital Chamber’s Cody Carbone explains whether agencies can replace the law. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 1inch.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ======================================================== The Clarity Act failed its cloture vote this week, with every Senate Democrat voting no and sinking crypto's biggest legislative shot in years. Cody Carbone, CEO of the Digital Chamber, joins Laura Shin to unpack what killed the bill: an ethics fight over Trump's blind trust and digital-asset dealings, stablecoin-reward limits the banks wouldn't accept, and a Blockchain Regulatory Certainty Act rewrite that stripped noncustodial developers of criminal-liability protection. Carbone argues Democrats rejected 80% of their own ethics demands rather than hand Republicans a win, and traces how crypto PAC money and the threat of Maxine Waters chairing House Financial Services shape what happens next. Two days after Clarity died, the SEC granted an innovation exemption for tokenized stock trading, and Carbone says the SEC and CFTC are about to unleash years of rulemaking with or without Congress. The question now is whether that agency-driven momentum outlasts the next hostile administration, or gets undone with a single signature. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guest: Cody Carbone - CEO of The Digital Chamber Timestamps 🏛️ 01:18 Why the Clarity Act's cloture vote failed: 'politics beat policy' ⚖️ 02:38 Scoring Trump's corruption against Nixon and Suharto fuels the ethics fight 🗳️ 06:51 Election pressure: a lame duck vote and crypto PAC money's next targets 🏦 11:57 Why Cody blames the banks' stablecoin rewards fight for killing Clarity 🌊 14:35 1inch Aqua: See how LPs back multiple positions with one token balance at http://unchainedcrypto.com/go/1inch-yt 📜 15:23 The SEC's new innovation exemption for tokenized stock venues 🔓 18:28 Could 2 years of SEC and CFTC rulemaking replace a crypto law? 🧩 23:20 Why regulators are staying silent on synthetic stock tokens 🤝 26:46 What's left to negotiate: developer liability and stablecoin yield 🔮 31:14 Is the lame duck Clarity's last shot, or could agency rules become permanent? Learn more about your ad choices. Visit megaphone.fm/adchoices

  8. 16 Sept

    Bits + Bips: Would AI Rules Box Out Everyone but the Frontier Labs?

    📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips In one week, OpenAI said its agents solved a Millennium Prize problem, a researcher quit Anthropic warning that both labs are "gambling with our lives," and Dario Amodei called for the industry to pace the frontier. Jordi Visser doesn't dismiss the cyber risk, but he calls the fallout "a big midterm election story." Austin Campbell asks whether the labs are making a commercial play, Chris Perkins explains why regulation forces consolidation the way it did for banks, and Ram Ahluwalia makes the case that open weight models still have a seat at the table. Hosts: Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto Guest: Jordi Visser - Founder of Visser-Labs, LLC This clip is from a longer conversation on AI regulation, frontier lab valuations, oil and the Fed. Full episode here: https://youtu.be/pNogg0vEjjs?si=Wrzh-5BJXnkkcQLr  We go live every Monday at 4:30pm ET. Subscribe to catch it live. 👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at http://unchainedcrypto.com/go/1inch-yt    Chapters: 🧠 00:35 Why Jordi says Leopold's 'Situational Awareness' paper saw this coming 🗳️ 02:17 Jordi's read: this is a big midterm election story 💼 05:58 Is the AI slowdown a commercial play to cool CapEx before the IPOs? 🏦 07:28 Chris on why regulation is 'a really beautiful way of boxing out competition' ⚖️ 10:25 Jordi on who eats the liability when a model goes wrong 🔓 11:27 Could decentralization put AI liability back on the user? 📈 11:57 Ram's power law problem: capital concentration as the real story Learn more about your ad choices. Visit megaphone.fm/adchoices

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About

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.

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