Unchained

Adeniyi Abiodun, co-founder and CPO of Mysten Labs,  walks through how Hashi works and how it differs from the competition. Can it succeed where others have failed?

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Mysten Labs has announced Hashi, a protocol designed to unlock several financial applications for native Bitcoin in a trust minimized way.

Mysten Labs co-founder Adeniyi Abiodun walks through how Hashi works and how it differs from wrapped Bitcoin tokens and L2s.

He says the protocol is built with institutions in mind, highlighting for one that it does not trigger a tax event like alternatives and also comes with low-premium on-chain Bitcoin denominated insurance.

Listen to find out how Hashi manages these and more.

Will Mysten Labs succeed in unlocking Bitcoin's long-desired $1.4 trillion liquidity?

Guests:


⁠⁠⁠⁠Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs

Links


Unchained:


Sui Blockchain Restored After Six-Hour Outage


Sui-Based Typus Finance Loses $3.4 Million in Hack


Coinbase’s cbBTC Crosses $1 Billion Market Cap, Deploys on Solana


New Bitcoin Liquid Staking Protocols Aim to Replicate Lido’s Success


Kraken Launches Wrapped Bitcoin Token kBTC


Top Wrapped Bitcoin (WBTC) Alternatives You Should Know About

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The crew unpacks the significance of the Trade[XYZ] S&P 500 license, why Vanity Fair's recent crypto piece is so controversial and whether the EF is returning to “communism.”

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Trade[XYZ] has obtained a license from the S&P Dow Jones Indices to offer S&P 500 perps on Hyperliquid. A crypto trader lost $50 million in a single Aave swap. A Vanity Fair crypto shoot and article is sparking backlash. And the Ethereum Foundation has unveiled a “new” mandate.

Uneasy Money hosts Kain Warwick, Luca Netz and Taylor Monahan dig into what the S&P license means for crypto with Kain saying it is not priced in yet.

They also debate whether DeFi frontends should block high slippage swaps after the recent Aave swap gone wrong.

Plus, did Vanity Fair intend to mock crypto? Luca shares how he dodged the bullet. Tay explains why OpenSea founder Devin Finzer and his wife got the most heat. Kain lets slip how he found himself on the New York Times for buying Trump's memecoin.

And why Kain does not think the Ethereum Foundation's new mandate matters in the long-run.

Hosts:


⁠⁠⁠⁠⁠Kain Warwick⁠⁠⁠⁠⁠, Founder of Infinex and Synthetix


⁠⁠⁠⁠⁠Taylor Monahan⁠⁠⁠⁠⁠, Security Expert


⁠⁠⁠⁠⁠⁠⁠⁠⁠Luca Netz⁠⁠, CEO of Pudgy Penguins

Links:


Unchained:


S&P 500 Gets First Officially Licensed Onchain Perpetual, Landing on Hyperliquid


Dueling Post-Mortems Reveal How a $50 Million DeFi Swap Went From Bad to Catastrophic


Ethereum Foundation Codifies Its Own Obsolescence in New Mandate

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The crew unpacks the Binance case against the Wall Street Journal. Is the lawsuit just for optics? Plus, why crypto can't turn a blind eye to one Aave user's $50 million loss.

Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. 

Get started at nexo.com/unchained

Binance has sued the Wall Street Journal for defamation over a report that money has flowed from its platform to the Islamic Revolutionary Guard Corp. 

DEX in the City hosts Katherine Kirkpatrick Bos and Jessi Brooks are joined by Arktouros Partner Jane Khodarkovsky to discuss the sanctions implications of the story, what is at stake in the lawsuit and the burden of proof on Binance. 

Is Binance fighting a losing battle? And could the case backfire amid a parallel DOJ investigation?

Beyond the Binance case, the crew unpacks recent efforts by the CFTC and SEC to provide crypto with regulatory clarity. Find out why KK says the CFTC's recent prediction markets guidance is a “nothingburger” and why a no-action letter to Phantom is not a carte blanche for all crypto frontends.

Plus, is it time for crypto to consider best execution rules as an Aave user loses $50 million in a DeFi swap gone wrong?

Hosts:


⁠⁠⁠⁠⁠Jessi Brooks⁠⁠⁠⁠⁠, General Counsel at Ribbit Capital


⁠⁠⁠⁠Katherine Kirkpatrick Bos⁠⁠⁠⁠, General Counsel at StarkWare

Guest:


Jane Khodarkovsky, Sanctions expert

Links:


Unchained:


CFTC Moves to Rein In Prediction Markets as Industry Booms


SEC and CFTC Move Toward Unified Crypto Rules


Dueling Post-Mortems Reveal How a $50 Million DeFi Swap Went From Bad to Catastrophic


Vy Le's paper on on-chain best execution:


Fairness by Design: Verifiable Execution in On-Chain Markets


This week's good news:


Tech boss uses ChatGPT to create cancer vaccine to save dying dog

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Across Protocol wants to retire its token in exchange for equity. Is the DAO model structurally broken?

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Adaptive Security

With Across Protocol proposing to retire its ACX token in favor of equity, a long-simmering question in crypto governance is finally breaking into the open: do token holders actually have meaningful ownership, or just the illusion of it? 

As the regulatory environment under the new U.S. administration shifts dramatically from the Gensler era, the structures that crypto teams were forced to build may now be working against the very communities they were meant to serve. 

Ryan Yi, founder of Onchain Group, and Felipe Montealegre, co-founder and CIO of Theia, have studied these incentive structures closely, and what they have found is uncomfortable. From PumpFun's suppressed valuation to the perverse incentives baked into token buyouts, this conversation examines whether the DAO model was ever built to last, and what governance actually needs to look like if crypto is going to compete with global finance.

Guests:


⁠⁠⁠⁠Ryan Yi, Founder of Onchain Group


⁠⁠⁠⁠Felipe Montealegre, Co-Founder & Chief Investment Officer at Theia

Links:

Read our Aave deep dive here

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Crypto insiders debate the Ethereum Foundation’s new “CROPS” mandate: is the EF losing touch with builders, why does Solana keep pulling startups away, and what will it actually take for Ethereum to stay ahead? Expect a candid conversation on governance, comms, and crypto culture wars.

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. This week we’ve got plenty of firepower with special guests Taylor Monahan (formerly of MetaMask, now a security sensei) and Bankless impresario David Hoffman. The crew digs into the Ethereum Foundation’s freshly dropped “CROPS” manifesto — a 38-page PDF full of cypherpunk values, new acronyms, and debate fuel.

What does it really say about where Ethereum is headed? Is EF finally embracing “sanctuary tech,” or just giving startups another reason to choose Solana? Who deserves credit for Ethereum’s growth: the Foundation, the community, or the market?

Expect sharp takes on EF’s endless comms problems, why L2s aren’t a cure-all, and whether crypto culture matters as much as the tech. It’s a spicy, insider-heavy episode — so grab your popcorn and dive in.

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

Show highlights

🔹 Ethereum Foundation’s new CROPS mandate—what it says, what it avoids, and why it sparked a vibe war  

🔹 Is Vitalik’s “sanctuary tech” vision pushing builders away or just keeping Ethereum pure?  

🔹 The never-ending battle between “cypherpunks” and “pragmatists” in Ethereum’s governance  

🔹 Why Ethereum’s “bad comms” tradition keeps causing existential crises  

🔹 Solana’s support playbook: How culture, not tech, is dominating the builder mindshare  

🔹 Are new projects ditching Ethereum L1 for Base, Arbitrum, and Solana—and does platform risk even matter now?  

🔹 Should EF just stick to research, or actually help grow the ecosystem? And what does “supporting builders” actually mean?  

🔹 Can you keep your values if you don’t win? The hard truths of crypto capitalism  

🔹 Lessons from Defi Summer, NFT mania, and what L2 drama says about ecosystem incentives  

🔹 Haseeb goes “political”: Why virtue-signaling and simple narratives are killing real debate

Hosts

⭐️ Haseeb Qureshi, Managing Partner at Dragonfly

⭐️ Tarun Chitra, Managing Partner at Robot Ventures

⭐️ Tom Schmidt, General Partner at Dragonfly 

Guest

⭐️ Taylor Monahan, Security expert & Host of Uneasy Money⭐️ David Hoffman, Host of Bankless

Timestamps

00:00 Intro

01:51 EF Mandate Explained

03:23 Pragmatists vs. Cypherpunks

05:13 Tay’s Middle Ground

08:54 David Reads Between Lines

13:51 Tom & Tarun Push Back

18:20 EF Factions & Solana Shadow

24:13 Does Ethereum Want Growth

31:01 Virtue Signaling

35:35 Where to Build Now

39:16 Solana Support vs Ethereum Stability

42:12 EF Promotion & Builder Support 

47:54 Goldilocks Time Horizons

51:10 Ethereum Soul and Body

56:03 Does EF Leadership Matter?

01:02:45 Stewardship and Market Failures

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