Unchained

Why the Crypto Market Cap Could Reach $50 Trillion This Cycle

Ran Neuner argues crypto has finally found product-market fit, and a BlackRock report on AI agents and blockchain rails convinced him the thesis may be much bigger than h

Why Kalshi's Timeline Fight Put Its ETH Perp Volume Under a Microscope: Uneasy Money

Kalshi's ETH perp did half a billion in volume on $3 million in open interest. Kain and Taylor lay out why that isn't necessarily wash trading. Plus, Austin joins as co-h

Bits + Bips: Is Bitcoin Finally Being Priced on Fundamentals?

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips Quick favor: We're deciding what Unchained does next; new shows, stream

How Zcash and NEAR Are Driving This Crypto Bull Run

Zcash and NEAR are both ripping this week, and Illia Polosukhin and Mert Mumtaz say privacy is the reason why. Is this how the “Bitcoin DeFi” vision comes true? ========

Crypto's Clarity Act Collapses. Two Days Later, the SEC Introduces Its Innovation Exemption

Days after Clarity failed, the SEC granted a major exemption for tokenized stocks. The Digital Chamber’s Cody Carbone explains whether agencies can replace the law. ====

Uneasy Money: What Crypto's Gensler Years Say About the AI Slowdown Debate

Delphi Ventures founding partner Tommy Shaughnessy tells Kain and Taylor the AI slowdown talk is a moat against cheap Chinese models. Plus, why the Clarity Act died. ===

The Chopping Block: CLARITY Dies on the Senate Floor, Hunter Biden's LAPTOP Rug, & the AI Pause Pact

The boys get together in person as CLARITY falls short with 47 votes. They break down what comes next, Hunter Biden’s LAPTOP token collapse, the Robinhood/Hyperliquid cas

Bits + Bips: Would AI Rules Box Out Everyone but the Frontier Labs?

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips In one week, OpenAI said its agents solved a Millennium Prize problem, a

Guy Young on Why Ethena Launched a Neobank on Top of Its Stablecoin

Ethena's Guy Young explains why the companybuilt a neobank that pays 6% in yield, 5% cash back, and never tells users they're holding self-custodial stablecoins instead o

Should Stock Tokens Be Limited to KYC'd Users? Or Be Tradeable by Anyone?

The SEC's next tokenization rule could force platforms to get issuer sign-off for stock tokens first. Securitize’s Brett Redfearn lays out what's actually at stake for Wa

Uneasy Money: Is OpenAI Training on Your Private Chats to Win the AI Race?

Alex Thorn and Jon join Kain and Taylor to unpack a Bitcoin hack, two new frontier models, and why nobody trusts their AI chats anymore. ================================

The Chopping Block: FOMO's Co-Founder Defends the Memecoin Trenches, Hunter Biden's $LAPTOP, and AMC vs Robinhood

FOMO co-founder Paul Erlanger joins Haseeb, Tom, and Tarun to answer last week's unc takes on memecoins: why a fully transparent social graph beats copy trading, how FOMO

Bits + Bips: AMC's CEO Calls Robinhood's Stock Tokens 'Vile.'

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips AMC's CEO spent the holiday weekend calling Robinhood's tokenized AMC sh

How GenLayer Is Building a Court System for Disputes Between AI Agents

Albert Castellana and Arthur Hayes walk through how GenLayer resolves an AI agent's dispute in minutes, for cents, without a single human judge involved. ===============

Why the Question Over How to Regulate Perps Has Turned Into a Fight

The CME is suing its own regulator over how perps get classified, and the ruling decides who in the US can trade them. Three lawyers make the case for futures over swaps.

Uneasy Money: Inside the AI Agent Scandal That Cheated, Then Covered Its Tracks

OpenAI's AI agents already had the exam answers. So why did they hack Hugging Face anyway? Kain, Tay, and Austin Griffith explain. ======================================

The Chopping Block: Robinhood Chain's Memecoin Mania and Tokenized Stocks

Laura joins Haseeb, Tom, and Tarun to unpack Robinhood Chain's surge, the strange fusion of stock tokens and memecoins, the damage speculative entertainment can do to ret

Bits + Bips: Is Kalshi Headed to the Supreme Court Next?

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips  A Ninth Circuit panel ruled 3-0 that Nevada can enforce its gambling la

How Cory Klippsten Would Decide How to Secure Bitcoin Post-Coldcard

Bitcoin rallied 23% after Bessent's debt-buyback comments and settled near $80K. Swan's Cory Klippsten weighs in on what ETF inflows and onchain exchange moves really mea

How Tokenized Stocks Could Undercut Interactive Brokers' 77% Profit Margin

Coinbase just launched fully backed tokenized stocks on Base.  Dromos Labs’ Alex Cutler says they’ll chip away at Interactive Brokers "77% profit margin." ============