Unchained

The Chopping Block: Are VCs Bad for Crypto? - Ep. 481

30 snips
Apr 15, 2023
Guest
Laura Shin
Laura Shin, author and CEO of Unchained, joins crypto insiders to dissect pressing industry issues. They debate the potential revival of the collapsed FTX exchange, with mixed opinions on whether it could regain trust. The conversation dives into the U.S. Treasury's misconceptions about decentralized finance and the debate on whether VCs compromise crypto's founding principles. They also explore the balance of democratizing finance versus fundraising, touching on the complexities of investor behavior in today’s volatile market.
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INSIGHT

Shapella Upgrade

  • Ethereum's Shapella upgrade enabled unstaking of ETH.
  • Staking was previously one-way, causing uncertainty about market impact.
INSIGHT

Post-Shapella Withdrawals

  • Roughly $1.8B of the $35B staked ETH was queued for withdrawal after Shapella.
  • Most withdrawals came from Kraken due to US staking shutdown.
INSIGHT

Market Reaction to Shapella

  • Ether and Bitcoin prices surged after Shapella, contrary to some predictions.
  • The price action reinforces that market predictions are often unreliable.
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