Good Sunday!
One of crypto's biggest markets just crossed a major regulatory milestone.
For the first time, crypto perpetual futures are available through a CFTC-approved U.S. exchange, bringing a piece of the $90 trillion offshore perps market onshore.
Laura sits down with Kalshi Head of Crypto John Wang to discuss why perps have become crypto's favorite trading product, how Kalshi plans to compete with Hyperliquid and Coinbase, and why he believes adoption is still in its earliest days.
Meanwhile, one of the world's most powerful AI models was reportedly jailbroken, export-controlled, and effectively shut down within days.
On Uneasy Money, Kain Warwick, Taylor Monahan, and Luca Netz unpack what happened to Anthropic's Fable model, why AI labs may be heading for a regulatory reckoning, and what happens when governments decide a model is simply too powerful to release.
Here’s more on what we unpacked this week on Unchained:
🚨 Why AI Censorship and Reg NMS Matter More Than Most Crypto Investors Realize
The government’s sudden shutdown of Anthropic’s Fable 5 model raises uncomfortable questions about who controls emerging technologies and how. The DITC crew also breaks down the CFTC’s prediction market proposal, the SEC’s plan to scrap key market structure rules, and why crypto could benefit if Wall Street’s old framework starts to crack.🏦 The Fed Just Turned More Hawkish. What Happens Next?
Kevin Warsh’s first Fed meeting delivered a surprise shift toward tighter policy. Grayscale’s Zach Pandl explains why rising real rates could pressure markets, what it means for Bitcoin and gold, and why Hyperliquid and Aave may become two of crypto’s most important revenue stories.🚀 SpaceX IPO Fever Meets Crypto Market Reality
The Chopping Block panel dissects SpaceX’s historic IPO, why it looked remarkably similar to a crypto token launch, and how Hyperliquid’s markets predicted the outcome. They also debate accredited investor rules, tokenized stocks, Coinbase’s latest product push, and the escalating fight over AI export controls.🎙️ Unchained Turns 10: Laura Reflects on a Decade of Crypto
For Unchained’s 10th anniversary, Laura Shin looks back on the biggest moments, missed opportunities, and lessons from covering crypto through multiple market cycles. She discusses SBF, Charles Hoskinson, Brian Armstrong, and why she may be moving away from the strict neutrality that defined her reporting.⚖️ Why the Anthropic Export Ban Should Worry Crypto
A late-night government directive sidelined Anthropic’s most advanced AI model with little public explanation. The Bits + Bips crew explores whether this is a one-off national security action or the beginning of a broader regulatory playbook that could eventually reach AI APIs, DeFi protocols, and crypto infrastructure.
All these episodes are available on Apple Podcasts, Spotify, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
In Case You Missed It 👀
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