Transcript Ep. 1200: Sam MacPherson on Why Spark Benefited So Much From the KelpDAO Hack

Spark avoided the DeFi hack that hit almost everyone else in April. Cofounder Sam MacPherson lays out why, and where he thinks AI fits into DeFi security.

Transcript Ep. 1199: Could Some Vaults Trigger Securities Law? Yes, but It’s Case by Case

Onchain vaults now hold $67B. Veda's CEO maps out how they work, and why the SEC just hinted some could be securities.

Transcript Ep. 1194: Should Tokenized Stock Only Come From Issuers? Yes, Says Carlos Domingo

Wall Street's transfer agents want issuers, not outside platforms, to control tokenized stock. Securitize's CEO says the alternative invites insider trading.

Transcript Ep. 1193: Zcash, Ethereum, Aztec, Canton and More: Which Chain Will Win the Privacy Race?

Privacy is having a moment in crypto. As competition heats up, the pitfalls of the technology around the quantum threat, regulatory risk and more make the trajectory hard to predict.

Transcript 1187: Kristin Smith on Why the Clarity Act Comes Down to a Memecoin

Kristin Smith walks through the vote math, the ethics fight, and what happens to crypto capital if the Clarity Act stalls before the midterms.

Transcript 1186: How Jesse Pollak Is Mapping Out Base’s Next Chapter After the App Pivot

Jesse Pollak owns the Base App's social miss, unpacks Robinhood Chain's rise, and explains Brian Armstrong's memecoin moment.

Transcript 1180: How Lyn Alden Will Take on Bitcoin DATs and Private Equity With Orange Juice

Lyn Alden raised $40M to launch Orange Juice, a holding company that buys cash-flowing businesses and layers Bitcoin on top, not another pure-play treasury bet.

Transcript 1178: Why Robinhood Chain Saw Memecoins Take Off Before Real World Assets

Two weeks after launch, 85% of Robinhood Chain’s trading is memecoins and just 1% is RWAs. Johann Kerbrat says that doesn’t change the strategy.

Transcript 1176: Crypto Has Seen Drama Over ENS, BonkDAO and VVV. What Does DeFi’s Future Look Like?

Nick Almond and Proph3t on ENS's treasury fight, the BonkDAO heist, and why Proph3t would not touch Venice's VVV token.

Transcript 1172: How Lighter Powers Robinhood Perps With USDG as the Quote Asset

Robinhood Chain perps now run on Lighter. Vlad Novakovski maps the revenue split, the USDG collateral risk, and the race for a US perps license.

Transcript 1168: Strategy Sold More Bitcoin. Is This a Betrayal of the Bitcoin Ethos?

Strategy sold $260M of Bitcoin at a loss to fund dividends. Parker White of Apyx makes the case that it is smarter than it sounds.

Transcript 1166: How Ethereum Institutional Intends to Grow Ethereum’s Market Share

Joseph Chalom lays out why Ethereum Institutional exists, how it differs from Etherealize, and why he thinks Michael Saylor is in a pickle.

Transcript 1160: How the New Ethlabs Plans to Make Ethereum More Intentional in Designing ETH

Is it Ethereum or bust? Ansgar Dietrichs makes the case that only Ethereum can anchor the financial system, and admits ETH still lacks a clear value story.

Transcript 1156: How the Strategy Empire Breaks, and Whether Saylor Can Stop It

Transcript 1153: How Digital Credit Assets like STRC and SATA Differ from Bitcoin or DAT Stocks

Was Michael Saylor wrong to sell Bitcoin? Matt Cole breaks from his fellow critics on Strategy, S&P's junk rating on MSTR, and whether the model is breaking.

Transcript 1152: Why Kalshi’s John Wang Says Perps Are ‘the Most Pure Trading Instrument’

Kalshi just brought crypto perps to the US, targeting a $90 trillion offshore market. Its Head of Crypto, John Wang, explains the bet, the risks, and who Kalshi is actually competing with.

Transcript 1148: Unchained Celebrates 10 Years! Laura and Haseeb Cover Highs, Lows and New Directions

For the tenth anniversary of Unchained, Laura reflects on the SBF question she never asked, the Charles Hoskinson beef, and why she may be done with strict neutrality.

The $90 Trillion Market Coming Onshore - This Week on Unchained

Plus: the warning shot for AI labs

Transcript 1145: Why the AI Business Model Is Cracking and How Crypto Could Help Fix It

OpenAI, Anthropic, SpaceX and the AI IPO cycle face a structural problem: a cheap, capable open source exit is already drawing enterprise users away before either company goes public.

What If AI Never Makes Money? - This Week on Unchained

Plus: AI found a four-year bug. Then went silent.

Transcript 1141: Why Saylor’s ‘Inoculate’ Comment May Be a Signal He’ll Sell More Bitcoin

About 80% of STRC holders are retail investors. Glenn Cameron walks through the prospectus, how Saylor's public claims differ from the reality, and why Strategy has no good options.

Transcript 1137: Why MSTR Should Have Sold $2 Billion Instead of $2 Million of Bitcoin

Jeff Dorman on why Strategy's four stakeholder classes are all losing, and why Saylor should have sold $2B of Bitcoin at once instead of $2.5M.

Transcript 1138: Why Mike Dudas Has Zero Exposure to ETH, but Is Bullish on Hyperliquid

Mike Dudas holds zero ETH and sees Hyperliquid as crypto’s Tether moment. He also has a clear framework for what makes a token worth buying.

Why One Top VC Owns Zero ETH – This Week on Unchained

Plus: the legal threat prediction markets didn’t see coming

Transcript 1133: Is ‘All of DeFi Unsafe’? What You Need to Know About Holding Assets Onchain

A co-founder of OpenZeppelin said he’s urging friends to exit blue chip DeFi. Isaac Patka and Mike Silagadze explain what he got right, what he got wrong, and what needs to change.