
Unchained
Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
Latest episodes

May 6, 2025 • 1h 28min
Ethereum Gave Away Too Much for Too Long. Will Its Pivot Be Enough? - Ep. 829
Tarun Chitra, CEO of Gauntlet, and Max Resnick, Lead economist at Anza, dive deep into Ethereum's struggles and its attempts to pivot. They discuss whether the recent gas limit increase could be a game changer and analyze what went wrong with Ethereum's economics. Max outlines the single most crucial change Ethereum must make, while debating its chances against Layer 2 solutions. The conversation raises concerns about whether these changes come too late in the game, and what they would prioritize if in charge of Ethereum.

May 2, 2025 • 45min
How MOVE’s Contracts Put a Pump and Dump Into a Legal Agreement - Ep. 828
Sam Kessler, Deputy Managing Editor at CoinDesk, uncovers the shocking scandal behind the MOVE token collapse. He discusses how questionable contracts and market manipulation appear to be part of a pump-and-dump scheme, raising serious ethical concerns. Key players' conflicts of interest and dubious dealings come to light, revealing a chaotic environment within Movement Labs. Kessler questions the reliability of their self-investigation and sheds light on the need for regulatory clarity in token launches, ultimately urging for greater market integrity.

17 snips
Apr 30, 2025 • 1h 27min
Bits + Bips: Why It’s Time to Be More Bullish on Bitcoin - Ep. 827
In this discussion, Charles Edwards, founder of Capriole Investments and expert on Bitcoin strategies, joins the conversation. They debate whether now is the time to embrace bullish sentiments on Bitcoin and other crypto assets. The risks surrounding Bitcoin treasury companies like Twenty One Capital come under scrutiny, while skepticism over the potential success of Solana ETFs is voiced. They also analyze how political events, including Trump's influence, are shaping market dynamics, leaving listeners intrigued about the future of cryptocurrency investments.

12 snips
Apr 29, 2025 • 1h 15min
Why Twenty One Capital Is More About Volatility Than Bitcoin - Ep. 826
The race for Bitcoin supremacy just got more complicated.
Twenty One Capital, backed by Tether, SoftBank, and Cantor Fitzgerald, plans to stack as much BTC as it possibly can.
But is this new venture really about Bitcoin … or about creating a hyper-volatile stock to play market cycles?
This week on Unchained, Jeff Park of Bitwise and Mark Palmer of Benchmark join to discuss:
Why SoftBank and Tether are a “perfect match”—and why they turned to Bitcoin
How volatility, not bitcoin itself, might be the real asset investors are buying
What Cantor’s involvement says about Wall Street’s readiness for crypto
Why the launch timing matters
Whether Twenty One could repeat MicroStrategy’s mistakes
Whether these new Bitcoin vehicles are better bets than spot bitcoin or ETFs
Plus, is SoftBank getting into crypto a top signal? 👀
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Bitwise
Jeff Park, Head of Alpha Strategies at Bitwise
Mark Palmer, Senior Analyst at Benchmark
Recent coverage of Unchained on Twenty One: Twenty One Aims to Buy as Much Bitcoin as Possible. Can It Succeed?
Press Release: Tether, SoftBank Group, and Jack Mallers Launch Twenty One, a Bitcoin-native Company, Through a Business Combination With Cantor Equity Partners
Jeff Park’s post on X
Timestamps:
📰 0:00 Introduction
🚀 2:07 Why Jeff sees the Twenty One Capital launch as a huge development
🧠 6:09 How Twenty One might learn from MicroStrategy’s playbook
🏦 11:59 Risks of turning into the next Celsius, Voyager or Genesis
💸 18:52 Why Bitcoin needs income-generating activities to evolve
📊 21:17 How metrics like bitcoin per share bridge crypto and TradFi
🤝 30:16 Whether Tether’s participation makes sense
💍 34:18 Why Jeff thinks SoftBank and Tether are “a perfect match”
🚩 42:29 Is SoftBank entering crypto a top signal?
🏛️ 46:32 Why Cantor’s involvement shows Wall Street is serious
📈 50:24 Why bitcoin vehicle stocks trade at a premium
🗓️ 55:48 Why timing matters compared to MicroStrategy’s 2020 debut
🧮 1:00:06 How to decide between investing in vehicles, spot bitcoin, or ETFs
🌊 1:08:52 Whether SOL investment vehicles will have the same success as bitcoin ones Learn more about your ad choices. Visit megaphone.fm/adchoices

20 snips
Apr 27, 2025 • 49min
The Chopping Block [LIVE]: Bitcoin Arms Race, Content Coin Chaos, and Ethereum’s Crossroads - Ep. 825
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and special guest David Hoffman break down the biggest stories in crypto. This week: MicroStrategy clones are popping up, with Bitcoin-backed SPACs trying to replay Saylor’s playbook. Meanwhile, Trump launches a memecoin for dinner invites, Zora kicks off a new era of “content coins,” and Ethereum faces an existential pivot. David Hoffman joins the crew to debate whether crypto’s future is real innovation—or just financial theater.
Show highlights
🔹 Bitcoin vs Ethereum: Who Wins the Future? – Breaking down why Bitcoin could outgrow Ethereum… or why Ethereum might still be crypto’s last hope.
🔹 Can Content Coins Save Crypto? – Zora’s pivot and the rise of “content coins” spark a full-blown identity crisis for the industry.
🔹 Are We Just Rebranding Memecoins? – The crew debates whether “content coins” are innovation… or just the same casino with better UX.
🔹 The Culture Clash – Why crypto’s new apps feel like they’re built for millennials — and why Gen Z might just not care.
🔹 SoftBank, SPACs, and the Top Signal – 21Capital’s Bitcoin MicroStrategy clone is here. Are we seeing the beginning of the end… again?
🔹 Vitalik’s Existential Pivot – Ethereum is trying to save itself. But can it change fast enough to stay relevant?
🔹 Bitcoin’s Macro Moment – In a world of tariffs, inflation, and chaos, Bitcoin might accidentally become the next Federal Reserve.
🔹 Crypto’s Morality Crisis – Vitalik’s attack on “bad apps” raises a deeper question: what should crypto even be building anymore?
⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tarun Chitra, Managing Partner at Robot Ventures⭐️Tom Schmidt, General Partner at Dragonfly
Guest
⭐️ David Hoffman, Co-owner at Bankless
HostsDisclosures
Timestamps
00:00 Intro
01:55 MicroStrategy Clones and Market Impact
13:40 Trump Coin and Its Controversies
20:35 Zora’s Content Coin vs. Jesse's Coining Controversy
26:56 Zora’s Market Position
32:29 Generational Divide in Crypto
39:32 Ethereum's Strategic Pivot Learn more about your ad choices. Visit megaphone.fm/adchoices

19 snips
Apr 25, 2025 • 49min
Twenty One Aims to Buy as Much Bitcoin as Possible. Can It Succeed? - Ep. 824
Matthew Sigel, Head of Digital Assets Research at VanEck, examines the ambitious Bitcoin acquisition strategy of Twenty One, backed by Tether and SoftBank. He discusses the implications of their plan to start with 42,000 BTC and the risks if their stock dips below NAV. Sigel also proposes innovative 'BIT Bonds' linked to Bitcoin for U.S. Treasury, sparking intrigue. Furthermore, regulatory reporter Veronica Irwin reveals potential upcoming legislation that could reshape the crypto market structure, making for a compelling conversation.

49 snips
Apr 24, 2025 • 1h 8min
Is Bitcoin a Safe Haven? Market Correlation, Gold, and Macro Chaos – The Chopping Block - Ep. 823
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. In this episode, the crew is joined by special guest Joe Weisenthal, co-host of Bloomberg’s Odd Lots podcast, for a wide-ranging, unfiltered conversation. They dive into whether Bitcoin is becoming digital gold, why Ethereum’s value might be leaking away, and how stablecoins are quietly reshaping global finance. Joe challenges the panel on NFTs, DePIN, and whether any of crypto’s big promises have actually delivered. Plus, they debate the rise of MicroStrategy copycats, the failure of crypto social apps, and why Worldcoin’s orb-pilled vision might actually make sense.Show highlights🔹 Bitcoin = Safe Haven? – Why BTC is acting like gold in a crisis while ETH and altcoins are tanking🔹 Ethereum’s Value Leak – Joe questions why ETH hasn’t captured any upside from stablecoins or NFTs🔹 The MicroStrategy Clone Wars – Solana copycats are trying the Saylor playbook… but will it work?🔹 Worldcoin’s Creepy Appeal – Joe is orb-pilled: privacy is dead, but proof-of-personhood might just work🔹 The Freeport Theory of Bitcoin – Could BTC be the decentralized answer to offshore gold storage?🔹 Are Stablecoins the Eurodollars of Crypto? – Haseeb lays out how stables quietly rewrote the financial system🔹 Ethereum’s L2 Gamble – The panel debates if Ethereum’s scaling strategy caused value to bleed out🔹 The DePIN Dilemma – Is decentralized infrastructure a dead-end or just early? Joe wants receipts🔹 Crypto Social Media? – Joe’s skeptical: why decentralized comms hasn’t clicked yet🔹 Utopia or Bust? – If crypto’s gonna be this expensive, Joe says it better deliver a better worldHosts⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate⭐️Tarun Chitra, Managing Partner at Robot Ventures⭐️Tom Schmidt, General Partner at Dragonfly Guest⭐️ Joe Weisenthal, Editor at BloombergDisclosuresTimestamps00:00 Intro01:57 Bitcoin's Market Behavior06:53 Bitcoin as a Safe Haven15:56 Economic Value in Crypto19:51 Stablecoins, NFTs, and Worldcoin36:00 Blockchain's Value in Social Networks41:20 Reality of Crypto Utopias49:19 The Future of Stablecoins and Regulation54:54 MicroStrategy and Bitcoin Investments Learn more about your ad choices. Visit megaphone.fm/adchoices

24 snips
Apr 23, 2025 • 1h 10min
Bits + Bips: Why a Trump vs. Fed Showdown Would Crush the U.S. Dollar - Ep. 822
Zach Pandl, Head of Research at Grayscale Investments, dives into the potential fallout of Donald Trump's threats to fire Fed Chair Jerome Powell. He discusses the critical importance of Fed independence and how these political maneuvers could undermine the U.S. dollar's credibility. The conversation explores a worrying shift in investment strategies, moving away from dollar assets towards Bitcoin and commodities. Plus, hear insights on how young crypto investors might respond to their first bear market, and parallels drawn between today’s economy and Argentina's.

13 snips
Apr 22, 2025 • 1h 22min
How Asia's Crypto Communities View the Tariffs and Trump's Embrace of Crypto
Yat Siu, Chairman of Animoca Brands, and Emily Parker, a key advisor at the Global Blockchain Business Council, delve into Asia's unique crypto perspective. They discuss China's 'banned' crypto narrative and clarify the calm sentiment around U.S. tariffs. The duo highlights how Hong Kong is emerging as a crucial jurisdiction, while Japan and Korea are shaping future regulations. They also explore the booming crypto gaming sector and what lessons the West can learn from Asia's crypto landscape.

16 snips
Apr 18, 2025 • 1h 16min
Jesse Pollak on ‘Base Is for Everyone’ + Guy Young and Carlos Domingo on Converge - Ep. 820
Jesse Pollak, Head of Base at Coinbase, unpacks the whirlwind surrounding the ‘Coined It’ memecoin, discussing its explosive rise and fall and its implications for creator monetization. Meanwhile, Guy Young and Carlos Domingo introduce Converge, a groundbreaking chain aimed at merging traditional and decentralized finance. They share insights on its innovative tech stack and security measures, addressing how it will reshape the on-chain landscape for institutions while also ensuring better user experience. A vibrant discussion on the future of tokenized assets rounds out this exciting conversation.
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