Unchained

Latest Episodes:

Could Bittensor End Up Being the Only Crypto/AI Project That Matters? - Ep. 712 Oct 01, 2024

Show notes

AI and crypto are two of the hottest topics of the decade, but are there any projects truly making waves at the intersection of both? Bittensor, an open-source, decentralized AI network, is positioning itself as a leader in this space, with its TAO token seeing explosive growth and its model challenging traditional centralized AI companies.

In this episode, we’re joined by Joseph Jacks, aka JJ, founder of OSS Capital, and Sami Kassab, partner at OSS Capital, to explore why they’ve gone all-in on Bittensor. They discuss how Bittensor works, what makes it different from centralized AI models, and why they believe this project could be transformative for both crypto and AI.

Show highlights:

OSS Capital’s background and how they got to invest in Bittensor
Why Sami and JJ are bullish on TAO
What the three roles in the Bittensor ecosystem are
How new subnets incentivize miners to develop AI models
Why it’s so expensive to launch a subnet
Why Bittensor was built on the Polkadot SDK
The pros and cons of rolling out EVM compatibility
What Allora and Commune AI are focused on within the ecosystem
How Bittensor can compete with the big AI companies
The dangers AI poses to humanity and whether Bittensor can mitigate them

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guests:

Joseph Jacks, Founder and General Partner of OSS Capital
Sami Kassab, Partner at OSS Capital

Links

Previous coverage of Unchained on Crypto/AI:

Learn more:

Bittensor:

Bittensor’s website
The game theory of TAO
Nous Research leaving Bittensor
Seth Bloomberg’s tweet on “Bittensor’s Network Effects”
Cost of building a subnet
Commune.ai
Allora Network

Timestamps:

00:00 Intro
02:39 Background of OSS Capital and investing in Bittensor
19:06 Why Sami and JJ are bullish on TAO
24:51 The three roles in the Bittensor ecosystem
35:00 How subnets incentivize AI model development
47:50 Why launching a subnet is expensive
50:12 Bittensor’s foundation on the Polkadot SDK
53:00 Pros and cons of EVM compatibility
1:03:03 Focus areas for Allora and Communi
1:06:48 How Bittensor competes with big AI companies
1:09:19 JJ’s take on AI dangers and Bittensor’s role

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Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto - Ep. 711 Sep 27, 2024

Show notes

With Bitcoin ETF options on the horizon, the crypto market is bracing for significant changes. In this episode, Joshua Lim, co-founder and CEO of Arbelos Markets, joins us to explain what the launch of Bitcoin ETF options means for the broader market. Could they unlock vast amounts of capital and set off a new altcoin boom? Josh also dives into the potential effects on Bitcoin volatility, DeFi lending, and even the onchain options markets. Plus, what could the 2024 U.S. presidential election mean for Bitcoin?

Show highlights:

What are options and why they are significant for bitcoin ETFs
How they will affect the price of BTC
When options will actually launch and what needs to be done
How the launch of IBIT options could lower Bitcoin volatility and compress spreads
Whether dominant players in derivatives will suffer from this launch
How the launch of options could lead to an “altcoin boom”
Why Josh thinks the SEC delayed its decision on ether ETF options
How rising Bitcoin options interest could trigger volatility during major options expiries
What Josh thinks the impact of the US presidential election will be on the markets

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guest:

Joshua Lim, Co-founder and CEO of Arbelos Markets

Links

Approval for BlackRock’s IBIT
The Block: Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval
CoinDesk: BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally, Bitwise Predicts

Decrypt: SEC Hits Pause on Ethereum ETF Options Following Bitcoin Nod -

Timestamps:

00:00 Intro
01:48 What Bitcoin ETF options are and why they’re significant
05:41 Impact on BTC price
08:17 When Bitcoin ETF options will launch
10:03 How IBIT options could reduce volatility
15:53 Will dominant players in derivatives be affected?
20:40 How options could trigger an altcoin boom
24:12 Thoughts on potential ether ETF options approval
24:47 Rising Bitcoin options interest and volatility risks
28:22 Impact of the 2024 US election on crypto markets
31:48 News Recap

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Bits + Bips: Why Bitcoin Is a Leveraged Bet on Global Liquidity - Ep. 710 Sep 26, 2024

Show notes

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

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Sam Callahan of The NewsBlock to explore how macroeconomic factors and liquidity conditions are driving Bitcoin’s price. They dive into the Federal Reserve's recent rate cuts, the impact of Solana's token unlocks, and why many investors are concerned about a potential liquidity crunch. Plus, the panel discusses whether Bitcoin’s price is increasingly dependent on global M2 money supply, and how BlackRock’s Bitcoin ETF options could impact the market.

Is Bitcoin simply a leveraged macro bet? And could Solana’s unlocks cause a price squeeze?

Show highlights:

Alex and Joe’s takeaways from Token 2049 and Solana Breakpoint
Why there’s so little attention on Bitcoin at these conferences
The SOL vs. ETH trade debate
Why Sam thinks that the Fed cut rates to help the Treasury
Whether they think inflation will persist
How China's rate cuts aim to boost its economy amidst export challenges
How Bitcoin's correlation with global liquidity can break down during speculative bull runs, despite its typical sensitivity to liquidity conditions
The pros and cons of the approval of Bitcoin ETF options
Why fears about BlackRock and Coinbase's bitcoin holdings are unfounded, according to James

Sponsors:

Hosts:

James Seyffart, Research Analyst at Bloomberg Intelligence
Alex Kruger, Founder of Asgard
Joe McCann, Founder, CEO, and CIO of Asymmetric

Guest:

Sam Callahan, Current Free Agent Analyst & Scribe of the NewsBlock
Sam’s research post with Lyn Alden

Links

Coverage of Unchained on Token 2049 and Solana Breakpoint:

SOL vs. ETH

Unchained: SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani
Alex’s tweet: “Ironically $SOLETH is barely up in 2024”

Rate cuts and macro:

Fed Cuts Rates for First Time Since 2020

China:

Reuters: China's central bank unveils most aggressive stimulus since pandemic |

ETF options:

Kamala Harris:

Timestamps:

00:00 Intro
02:55 Takeaways from Token 2049 and Solana Breakpoint
07:14 Little Bitcoin interest me at conferences
12:23 The SOL vs. ETH trade debate
17:32 Sam’s view on the Fed’s rate cuts
28:55 Will inflation persist?
41:14 China’s rate cuts and economic boost
49:44 Bitcoin’s correlation with global liquidity
1:02:43 Pros and cons of Bitcoin ETF options
1:13:23 BlackRock and Coinbase Bitcoin holdings fears

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With Rate Cuts and Upcoming Elections, What’s the Best Play in Crypto? - Ep. 709 Sep 24, 2024

Show notes

The Fed just made its first rate cut in years, slashing 50 basis points off interest rates—but what does this mean for the crypto markets? With Bitcoin lagging behind traditional finance, and the looming U.S. elections, uncertainty is growing.

In this episode, Quinn Thompson of Lekker Capital and Travis Kling of Ikigai Asset Management break down the major factors influencing the markets: from Bitcoin’s sluggish summer and the unwinding of the Japan yen carry trade, to why the 2024 elections could be a pivotal moment for crypto. Are these the catalysts we’ve been waiting for, or should we brace for more turbulence ahead?

Also, they cover which assets could benefit the most under a Trump administration, and why they believe SOL could have a negative catalyst in the near future.

Show highlights:

Why the Fed cut rates by 50 basis points and what the chances of a recession are in the U.S.
Why Bitcoin has underperformed the broader TradFi markets this summer
The risks of the unwinding of the Japan carry trade for crypto
How the election results might matter differently for different sectors of the industry
Whether rate cuts affect stablecoin yields in DeFi
How the approval of Bitcoin ETF options will affect the price of BTC
Whether Bitcoin miners will be affected by AI’s need for computing power
Ether’s lagging performance this year and what might be a huge catalyst for ETH
How SOL will manage through the huge unlock in early 2025
What Quinn and Travis think about investing in memecoins
How the rise of Base will impact Coinbase

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guests:

Quinn Thompson, CIO of Lekker Capital
Travis Kling, Founder and CIO of Ikigai Asset Management
Previous appearance on Unchained: With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold

Links

Rate cuts

ETH performance and L2s:

Unchained:
SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani
Ether Has Been a Much Worse Investment Than Both Gold and Silver So Far This Year
Are L2s 'Parasitic'? Analysis Shows Ethereum Only Gets a Tiny Percentage of Fees
Alex Kruger’s tweet: “Ironically $SOLETH is barely up in 2024”

Bitcoin ETF options:

CoinDesk: BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally, Bitwise Predicts

Mining and AI:

TIME:Why So Many Bitcoin Mining Companies Are Pivoting to AI

Timestamps:

00:00 Intro
02:09 Fed rate cut and recession chances
12:34 Bitcoin’s underperformance this summer
14:56 Risks of Japan carry trade unwinding
21:3 Election impacts on crypto sectors
38:00 Rate cuts and DeFi stablecoin yields
43:00 Bitcoin ETF options
49:31 AI’s impact on Bitcoin miners
54:38 Ether’s lagging performance and future catalysts
1:03:19 SOL’s 2025 unlock concerns
1:10:39 Investing in memecoins
1:18:15 Base’s rise and Coinbase impact

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The Chopping Block: World Liberty Financial, Liquidity Risks, and Global Crypto Adoption - Ep. 708 Sep 23, 2024

Show notes

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 the squad is live from Token2049 in Singapore and joined by special guests Mo Shaikh, CEO and Co-Founder of Aptos Labs, and Arthur Hayes, CIO at Maelstrom. In this episode, they tackle the buzz around Trump’s DeFi projects, the challenges of hosting Token2049 during F1, and the controversy surrounding Iggy Azalea’s cancelled debate. The conversation also covers the macro impact of potential Fed rate cuts, the role of celebrity coins, and the future of global crypto adoption. Don't miss this insightful live discussion in front of the Token2049 audience!

Show highlights

🔹 Token2049 Event: Token2049 faced logistical challenges due to Singapore’s F1 weekend, resulting in heavy traffic and delays for attendees.

🔹 Canceled Celebrity Coin Debate: Iggy Azalea’s debate with Eric Wall about celebrity coins was canceled due to conflicts with Singaporean regulations, which prevented her planned on-stage stunts.

🔹 World Liberty Financial Overview: The Trump family’s DeFi project, World Liberty Financial, is scrutinized for its lack of clear direction and concerns over the 70% insider token pre-allocation.

🔹 Fed Rate Cuts and Market Implications: Potential Fed rate cuts and their impact on the dollar-yen exchange rate could lead to liquidity crises and increased market volatility.

🔹 Celebrity Coins and Memecoins: A look into celebrity coins and memecoins raises questions about their value, considering whether they bring meaningful attention to crypto or are merely speculative distractions.

🔹 Korea vs. Japan in Crypto: Korea’s active crypto trading culture and crypto-friendly policies contrast with Japan’s more cautious, restrictive approach, reflecting different market dynamics.

🔹 Global Crypto Adoption Rankings: Skepticism is expressed regarding India’s top spot in Chainalysis’ Global Crypto Adoption Index, with a case made for Korea ranking higher than 19th.

🔹 Aptos and Mainstream Adoption: Aptos is pushing for mainstream adoption through partnerships in Korea and innovations like the Aptos card, offering integrated cold storage and new financial products.

Hosts

⭐️Haseeb Qureshi, Managing Partner at Dragonfly

⭐️Tom Schmidt, General Partner at Dragonfly

⭐️Tarun Chitra, Managing Partner at Robot Ventures

Guest

⭐️ Mo Shaikh, CEO and Co-Founder of Aptos Labs

⭐️ Arthur Hayes, CIO at Maelstrom

Disclosures

Links

The 2024 Global Adoption Index: Central & Southern Asia and Oceania (CSAO) Region Leads the World in Terms of Global Cryptocurrency Adoption: https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/

Timestamps

0:00 Intro
00:49 TOKEN2049
06:20 $10 Billion FDV? World Liberty Financial
16:10 Allure of Memecoins & Celebcoins
19:06 Beyond Memecoin Adoption
20:27 Global Crypto Adoption Ranking
24:43 Korea vs. Japan's Crypto Scenes
29:19 Macro Trends and Fed's Impact
35:26 Crypto's Resilience Against Regulation
40:00 The Future of Crypto and Decentralization

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The SEC Thinks Crypto Airdrops Are Securities. Here's Why This Lawyer Thinks It's Wrong - Ep. 707 Sep 20, 2024

Show notes

This week, Republican Representatives Tom Emmer and Patrick McHenry sent a letter pressing SEC Chair Gary Gensler for clarity on how securities laws apply to airdrops.

With billions of dollars worth of tokens airdropped this year alone, projects need clarity more than ever.

In this episode, Amanda Tuminelli, Chief Legal Officer of the DeFi Education Fund, dissects the SEC’s stance on airdrops, why her organization believes the SEC has stretched the legal definition of “compensation” too far, and what Congress might ask Gensler in his upcoming hearing.

Plus, she talks about how the SEC “regrets” any confusion it caused for using the term “crypto assets securities,” since the agency now admits that tokens themselves are not securities.

Show highlights:

Why Amanda believes the SEC’s position on airdrops doesn’t make sense
Why the DeFi Education Fund sued the SEC over the BEBA airdrop
How the SEC’s position on airdrops has been clear for a while, but is “wrong” according to Amanda
Her take on users bypassing the geographic restrictions to claim airdrops in the U.S.
How and why the SEC has changed its language around “crypto assets securities”
How the SEC’s new position on crypto assets implicating securities laws seems to rest on the “embodiment” theory
Why Amanda believes the Supreme Court or Congress may be needed to step in
What Amanda expects Congress to question Gary Gensler about in the hearing next week
Amanda’s takeaways from the first Congressional DeFi hearing last week
How she expects the presidential election will impact the regulatory landscape in the U.S.

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guest

Amanda Tuminelli, Chief legal officer of the DeFi Education Fund
Previous appearances on Unchained:
Gary Gensler’s Case Against Uniswap: Does the SEC Even Stand a Chance?
Is This the End of DeFi? Why the US Government Is Going After Tornado Cash

Links

Airdrops:

Blockworks: Republican Reps. ask Gensler for clarity on how securities laws apply to airdrops -
Gabriel Shapiro’s tweet: “We may *disagree* that the position is correct but it's not unclear.”
CoinDesk: Crypto Airdrops Ban U.S. Users, but Americans Are Claiming Tokens Anyway
SEC’s amended complaint in the Binance case

BEBA case

DeFi Education Fund suing the SEC

First Congressional Hearing on DeFi

Unchained: First Congressional Hearing on DeFi Highlights Divide Between Republicans and Democrats

Timestamps:

00:00 Intro
01:42 SEC’s stance on airdrops
04:25 DeFi Education Fund’s lawsuit over BEBA
06:47 Amanda: SEC’s position on airdrops is “wrong”
08:27 Users bypassing geographic restrictions for airdrops
12:47 Why the SEC suddenly apologized for using the term “crypto asset securities” for years
16:47 Amanda’s take on what the SEC’s new theory is for why tokens fall under securities laws
17:43 Why Supreme Court or Congressional involvement is likely needed
19:01 What Congress might ask Gensler in a hearing next week
19:59 Key takeaways from the first Congressional DeFi hearing
20:43 Amanda’s take on how the presidential election might impact crypto
23:45 News Recap

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The Chopping Block: SVM vs. EVM, VC Investment in Solana and Memecoins’ Future - Ep. 706 Sep 19, 2024

Show notes

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, the squad is joined by special guest Mert Mumtaz, co-founder of Helius. In this episode, the crew dives into the growing rivalry between SVM and EVM, the surge of VC investments in the Solana ecosystem, and the fierce debate over rollups. They also explore the rise and fall of memecoins, Solana’s infrastructure evolution, and the future for high-performance blockchains. Tune in for a high-energy discussion on the cutting edge of crypto!

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights

🔹 SVM vs. EVM Showdown: The team breaks down the growing battle between Solana's SVM and Ethereum's EVM, examining what’s at stake for both ecosystems.

🔹 VC Investments in Solana: As VC interest in Solana surges, the crew discusses how this new wave of funding could reshape the future of blockchain development.

🔹 Memecoin Chaos: The rapid rise and fall of memecoins comes under fire, with a debate on whether they are a net positive or simply speculative noise in the market.

🔹 Solana’s Infrastructure Evolution: Solana's ongoing efforts to improve scalability and performance are highlighted, especially with innovations like Fire Dancer and ZK compression.

🔹 Network Extensions Controversy: A heated discussion on Solana’s push to rebrand rollups as “network extensions,” sparking backlash from Ethereum proponents.

🔹 VC vs. Market Sentiment: The role of venture capital in the crypto space is examined, with insights into whether VCs are driving innovation or creating unsustainable hype.

🔹 Solana Breakpoint Preview: Excitement builds around Solana’s flagship event, with predictions on what key announcements could impact the blockchain’s future.

Hosts

⭐️Haseeb Qureshi, Managing Partner at Dragonfly

⭐️Tom Schmidt, General Partner at Dragonfly

⭐️Tarun Chitra, Managing Partner at Robot Ventures

Guest

⭐️ Mert, Co-founder & CEO at Helius

Disclosures

Timestamps

0:00 Intro
02:02 Impressions of Singapore
07:55 Mert's Journey & Solana Advocacy
15:41 Challenges & Growth in Solana Ecosystem
21:01 EBOLA [EVM Bags Over Logic Affliction]
31:13 Solana's Resilience
34:38 The Rise of SVM and Developer Perspectives
41:41 Network Extensions vs. Rollups
51:08 Future of High-Performance Blockchains
59:47 AI's Impact on Developer Ecosystems
01:06:19 Memecoins and Market Dynamics

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Trump’s Crypto Project May Attract Hackers. That's Why This Security Expert Joined - Ep. 705 Sep 17, 2024

Show notes

World Liberty Financial (WLF), the Trump-backed DeFi project, launched this Monday.

In this episode, crypto security expert Ogle discusses his role as an advisor to WLF. He dives into why he joined the project, what makes it unique, and how Trump’s involvement could bridge the gap for many who are new to the space.

Plus, Ogle shares his thoughts on the security challenges WLF might face and the project's potential to rival major players in the market.

He also touches on his new L1 blockchain Glue, and why he thinks it will provide a better user experience than what is out in crypto today.

Show highlights:

2:05 Ogle’s background and how he came up with a standard for dealing with crypto hacks
10:28 Where crypto hackers are usually from
13:21 Why he does security work for free
16:57 Why Ogle is advising the Trump family’s DeFi project, World Liberty Financial
22:30 Why some in the crypto community are skeptical of WLF
26:39 His thoughts on how to prevent a crypto hack of a high-profile project
32:52 Why Ogle is not worried about WLF having been forked from the hacked app Dough Finance
33:54 How the Trump family is involved in WLF
41:00 How Donald Trump is excited about the project and actually gets it, according to Ogle
43:49 Why Ogle believes WLF will attract as much traction as the entire market cap of Shiba Inu
47:04 How Ogle's new layer 1 blockchain, Glue, aims to be crypto’s AOL
56:33 Why Glue’s L2s will be specific to certain areas of the industry
1:02:41 When Ogle expects Glue to launch and whether it’ll have a token
1:04:19 How North Korean hackers are now “just so clever, socially”
1:13:56 Ogle’s tips for crypto users

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guest:

Ogle, crypto security expert, founder of Glue, and advisor to World Liberty Financial.
Previous appearance on The Chopping Block: How This DeFi Hack Negotiator Gets Hackers to Return Stolen Money

Links

World Liberty Financial (WLFI)

Glue:

Scams and North Korea:

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The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits - Ep. 704 Sep 13, 2024

Show notes

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news in crypto. This week the squad is joined by special guest Jason Choi, co-founder of Tangent. In this episode the crew tackles the overvaluation of crypto projects by VCs, Friend.Tech’s 96% token crash, and the ethics of early token launches They also explore how airdrop farming skews user metrics, the volatility of memecoins, and whether VCs are extracting more value from crypto than they contribute. Tune in for insights into the ever-evolving crypto landscape!

Show highlights

🔹 Friend.Tech Token Crash: Friend.Tech’s token dropped 96%, highlighting the risks of launching tokens without sustainable product planning and user retention strategies.

🔹 Project Exits and Ethics: Early token launches raise concerns about ethical obligations when teams abandon projects, with accusations of rug-pulling increasing.

🔹 Airdrop Farming’s Impact: Airdrop farming distorts true user engagement, leading to inflated metrics that misrepresent product-market fit and real user growth.

🔹 Venture Capital in Crypto: Low barriers for VCs have led to inflated project valuations, often resulting in overhyped, underdelivered crypto ventures.

🔹 Challenges of Early Token Launches: Early token releases often harm long-term project potential by confusing market signals and damaging user retention.

🔹 VC vs. Liquid Funds: Debate over whether venture capital is extracting value from crypto or whether liquid funds can improve market efficiency.

🔹 Hedge Funds and Market Efficiency: Hedge funds may improve market liquidity, but their impact on long-term crypto growth remains under scrutiny.

🔹 Speculative Markets and Long-Term Value: The crypto market continues to grapple with balancing short-term speculative plays and the creation of sustainable, long-term value.

Hosts

⭐️Haseeb Qureshi, Managing Partner at Dragonfly

⭐️Tom Schmidt, General Partner at Dragonfly

⭐️Tarun Chitra, Managing Partner at Robot Ventures

Guest

⭐️Jason Choi, Co-Founder of Tangent

Disclosures

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Bitcoin Is Worth Over $1 Trillion. How Much Will Coinbase’s New cbBTC Grab? - Ep. 703 Sep 13, 2024

Show notes

On Thursday, Coinbase unveiled cbBTC, a tokenized version of Bitcoin on its Base layer 2 and Ethereum. This launch follows the recent BitGo controversy about the custody arrangement for Wrapped Bitcoin (WBTC) now involving Justin Sun, sparking concerns within the crypto community.

In this episode, Will Robinson, Coinbase’s VP of engineering, discusses the strategic importance of cbBTC, how it differs from other wrapped Bitcoin products, and what this means for the future of Bitcoin within DeFi ecosystems.

Will Coinbase’s reputation as a "trusted custodian" be enough to make cbBTC the go-to choice for Bitcoin in DeFi, or will the industry remain skeptical?

01:54 Why Coinbase launched cbBTC and how it aims to bring Bitcoin into the world of DeFi
04:05 What happens behind the scenes when users mint cbBTC
05:21 What sets cbBTC apart from other wrapped Bitcoin options, according to Will
06:32 Whether Coinbase will expand cbBTC to other layer 2s and where users can already use it on major DeFi platforms
08:45 Will’s response to criticisms about the centralization of cbBTC
12:28 Why Coinbase's cbBTC launch was part of long-term plans, unrelated to the recent controversy around WBTC and Justin Sun
13:31 How Coinbase plans to make money from cbBTC, considering that WBTC has not been a big moneymaker for BitGo
15:38 Why Coinbase has the ability to freeze and blacklist cbBTC addresses
19:34 How Coinbase ensures that Bitcoin backing cbBTC remains the property of token holders and won’t be used as collateral or rehypothecated
20:58 Why Coinbase, a centralized entity, is launching cbBTC, a product for the decentralized, onchain world
23:57 Why Will doesn't want to predict how much demand there'll be for cbBTC

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guest

Will Robinson, VP of Engineering at Coinbase

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