The Scoop

Evan Cheng is the Co-Founder and CEO of Mysten Labs — the development team valued at over $2 billion that is behind the soon-to-be-released Sui blockchain.In this episode, Cheng discusses the limitations of current blockchains in supporting complex consumer applications and explains how Sui plans to overcome this challenge with the help of the Move programming language, which was initially created at Facebook.During this episode, Chaparro and Cheng also discuss: Why a vibrant developer ecosystem is the key to mass adoption How Sui could take blockchain gaming to the next level What advantages Move has over Solidity This episode is brought to you by our sponsors Circle, Railgun, Flare NetworkAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRailgun is a private DeFi solution on Ethereum, BSC, Arbitrum and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let Railgun’s zero-knowledge cryptography encrypt your address, balance and transaction history. You can also bring privacy to your project with Railgun SDK and be sure to check out Railgun with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network.

After sitting on the sidelines during the bull market mania of 2021 and the early part of 2022, early-stage investment firm 1kx has been deploying at a "frantic" pace since the third quarter of last year, according to Founding Partner Lasse Clausen."We really like the bear markets," Clausen said, "We know that this is the good time to be very actively investing."1kx has a policy of holding onto its crypto investments for at least three years, which Clausen suggests is a good guideline given the industry's rapid rate of development:"The space overall just innovates much much faster than anything else, so I think a three to five year time frame makes sense for crypto venture."During this episode, Chaparro and Clausen also discuss: Why 1kx is betting on zk-tech to take Ethereum from '0 to 1' Opportunities in 'NFT financialization' Development of on-chain identity This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRailgun is a private DeFi solution on Ethereum, BSC, Arbitrum and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let Railgun’s Zero-Knowledge cryptography encrypt your address, balance and transaction history. You can also bring privacy to your project with Railgun SDK and be sure to check out Railgun with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network.About NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to six devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

SEC Commissioner Hester Peirce opposes her agency's recent targeting of Kraken's staking program in the US. "If investor protection is about just shutting programs down or preventing people from purchasing certain things — that's a very unimaginative form of investor protection," Commissioner Peirce said.In this episode, Commissioner Hester Peirce discusses how the SEC's recent enforcement action towards Kraken is emblematic of the agency's broader attempt to regulate the crypto industry in the US through enforcement actions.This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRailgun is a private DeFi solution on Ethereum, BSC, Arbitrum and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let Railgun’s Zero-Knowledge cryptography encrypt your address, balance and transaction history. You can also bring privacy to your project with Railgun SDK and be sure to check out Railgun with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network.About NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to six devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

With U.S. regulators cracking down on digital assets, Coinbase's Chief Legal Officer Paul Gewal says Coinbase is just looking for consistency.“We’re not saying we don’t want to be regulated. We’re just saying that regulation all ought to occur under the rule of law that is in a manner that’s consistent with what Congress wrote,” he added.One particular inconsistency Grewal points out is how the Securities and Exchange Commission’s request for crypto exchanges to register as national securities exchanges clashes with Coinbase's explicit policy of not listing securities:“For there to be no distinction drawn between the products that are securities and the products that aren’t, is effectively saying that we would have to agree that the rule of law doesn’t matter and that even though Congress limited the SEC’s jurisdiction to securities and securities alone, we should come in and register anyway,” Grewal said. During this episode, Chaparro and Grewal also discuss: How Coinbase's staking product differs from Kraken's Why it's in the U.S. government's interest to protect stablecoins What it means to receive a Wells notice This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRailgun is a private DeFi solution on Ethereum, BSC, Arbitrum and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let Railgun’s Zero-Knowledge cryptography encrypt your address, balance and transaction history. You can also bring privacy to your project with Railgun SDK and be sure to check out Railgun with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network.About NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to six devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

US financial regulators are conducting a coordinated front against certain crypto companies in what Compound Labs Founder Robert Leshner says is a "planned set of product takedowns."One particular case to watch is the SEC's potential suit against Paxos over its BUSD stablecoin, which the SEC is alleging is an unregistered security. According to Leshner, this case is of particular importance given the precedent it could set for the billion-dollar stablecoin industry:"If there's an argument that USDC and Tether are securities and this winds up being contested over months and years, if it doesn't go the right way, I think it's an Armageddon scenario for a lot of crypto."During this episode, Chaparro and Leshner also discuss: The trade-offs between CeFi vs. DeFi risks How to refine decentralized governance Why crypto is set to flourish off-shore This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.NetworkAbout NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

In this venture-focused segment of The Scoop, veteran crypto VCs Meltem Demirors and Vanessa Grellet unpack the trends shaping crypto's venture landscape in 2023.According to Demirors, crypto companies must follow the flow of funds:"The name of the game is 'interchange,'" Demirors said. "The closer you migrate to where the actual interchange happens, the more likely you are to earn consistent revenues, which then results in you being able to raise capital."Although crypto venture funding hit a two-year low last quarter amidst the chaos caused by FTX's collapse, Grellet is seeing "a lot of excitement in the early stage," with infrastructure and scaling plays among the most popular with investors. This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.NetworkAbout NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

Just as the internet revolutionized the taxi industry through the advent of apps like Uber and Lyft, it is only a matter of time before money gets brought into the digital age, according to the pseudo-anonymous crypto personality Punk6529."Eventually cash is also going to end up being a centralized database," said Punk6529, and "the person who has the master password to the database can decide what rights you have in society."In this episode, Punk64529 lays out two possible futures for our society: one in which a handful of centralized corporations control the details of our daily lives, and one in which decentralized communities come to a consensus on the best path forward.This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.NetworkAbout NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

For web3 developers looking for alternatives to tools like Amazon Web Services or Google Cloud Platform, QuickNode's development environment allows teams to easily build and deploy on over 16 blockchains.According to QuickNode Co-Founder and CEO Alex Nabutovsky, a recent surge in demand for NFT data has played a large part in QuickNode's recent success. "The amount of need for the NFT technology and NFT API, and NFT data is growing on our platform by a factor of let's just say 5x every quarter," Nabutovsky said. In this episode of The Scoop, Nabutovsky discusses how QuickNode's $60 million Series B — which valued the startup at $800 million — will be used to expand the business, and why he believes NFTs will continue to be a driver of growth for the web3 industry in the years to come.This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.NetworkAbout NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

Large corporations like Starbucks and Warner Music are turning to Polygon for their web3 strategies. Polygon Labs'

Since the start of 2023, the total crypto market cap has risen over 20%, and daily exchange volume has nearly tripled, according to data from The Block Research. In this Market Pulse edition of The Scoop, The Block's VP of Research Larry Cermak and eGirl Capital's Hedgedhog discuss the dynamics shaping the crypto market's current rally, and explain why they aren't holding out hope for a sustained uptrend.According to Cermak, crypto is lacking a strong enough narrative to be able to break free from broader macro uncertainty."I think the biggest difference is that right now we don't really have anything to kind of drive the rally to have legs under it, and I think there's still a lot of uncertainty in the macro markets," he said.Hedgedhog shares Cermak's doubts about the current trend, noting how quickly retail market participants have begun displaying risk-on behavior: "We're seeing a lot of degenerate behavior coming back really quickly — Canto and all these new NFTs, and there are new Ohm forks … people haven't really learned anything, and they're really risk-on already."During this episode, Chaparro, Cermak, and Hedgedhog also discuss: How traders are positioning for Ethereum's Shanghai upgrade Why the NFT market is set to decorrelate from crypto A look inside the centralized exchange turf war This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPNAbout CircleCircle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.About RailgunRAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.About FlareFlare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.NetworkAbout NordVPNNordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop