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2025 was a year of mixed outcomes for crypto. The industry got landmark stablecoin regulations in the U.S. but with a major limitation. Bitcoin soared to new all-time highs but failed to surge to heights many expected and is set to end the year flat.

In this final installment of Unchained's year in review show, Ambient Finance founder Doug Colkitt and Gwart take a look back at the passing of the GENIUS Act, Bitcoin's all-time high run and the “10/10” crash.

Plus, did “threadguy's” tax woes trigger Zcash's run? And is Nic Carter overreacting about the quantum computing threat to Bitcoin?

Guests:

Doug Colkitt, Co-founder of Fogo and Ambient Finance
Gwart, Host of The Gwart Show

Links:

Unchained:

Timestamps:

🚀 00:00 Introduction

🫠 00:53 Why GENIUS Act blocking interest payments is problematic

🤔 4:31 Did PUMP launch buybacks too soon?

👀 10:56 Is Stripe fully committed to Tempo?

⁉️ 14:28 Was Hyperliquid's USDH partner “pre-ordained?”

😅 19:38 Is Cobie Coinbase’s best hire yet?

😵‍💫 27:16 Bitcoin's peak in downtober

❕️ 29:55 What “10/10” says about the crypto industry

🤣 41:13 Did “threadguy's” tax woes trigger Zcash's run?

👀 47:27 Is the AI agent meta a “charade?”

🤺 50:27 What is fueling the bitter rivalry between Kalshi and Polymarket

🤔 56:50 Did “ICOBeast” deserve to lose his MegaETH allocation?

💥 1:00:40 Is “Choose Rich” Nick now mainstream?

🫣 1:02:55 Was Do Kwon's 15 year sentence excessive?

🧐 1:08:54 Is Nic Carter overreacting about the quantum computing threat to Bitcoin?

🔮 1:13:42 Doug and Gwart lock in their 2026 predictions

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