Unchained

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Unchained

Unchained

Creator: Laura Shin

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 cry...

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Recent Episodes

1142 episodes
Pump.fun’s $370M Burn Was a Mistake, Says Luca Netz: Uneasy Money

Pump.fun’s $370M Burn Was a Mistake, Says Luca Netz: Uneasy Money

Pump.fun set fire to $370 million in tokens. Luca lays out the airdrop math that says they should have done the opposite.



T...

2026-05-01 23:57:00 4472
The Chopping Block: Defi United’s “Bailout,” MegaETH’s KPI Vesting, and Prediction Market Chaos

The Chopping Block: Defi United’s “Bailout,” MegaETH’s KPI Vesting, and Prediction Market Chaos

Is the era of protocol bailouts upon us? The Chopping Block crew and MegaETH's Shuyao Kong debate Defi United’s community-funded rescue, the KPI vesti...

2026-04-30 17:00:00 3644
How Microsoft Won the OpenAI Fight as Markets Rally on Iran

How Microsoft Won the OpenAI Fight as Markets Rally on Iran

One side wins the OpenAI-Microsoft divorce, Ram calls a 19% earnings growth year 'bananas,' and Chris wants the US to hack back against DeFi exploiter...

2026-04-29 20:38:00 3456
How Microsoft Won in Its Revised Deal With OpenAI

How Microsoft Won in Its Revised Deal With OpenAI

Microsoft restructured its agreement with OpenAI, and Ram Ahluwalia has a clear verdict: Microsoft won. 

In this segment from Bits + Bips...

2026-04-29 17:00:00 201
3. Why Aave's Unified Pool Turned a Bridge Hack Into $193M in Bad Debt

3. Why Aave's Unified Pool Turned a Bridge Hack Into $193M in Bad Debt

Luke Leasure and Shaunda Devens of Blockworks Research explain how three compounding failures, Kelp's one-of-one bridge signer, Layer Zero's permissiv...

2026-04-28 16:21:00 577
How Morpho Survived a $300M DeFi Hack With Only $1M Exposure

How Morpho Survived a $300M DeFi Hack With Only $1M Exposure

People think of Aave and Morpho as competitors. But Morpho only lost $1 million when North Korea drained $300M from a DeFi protocol. The architecture...

2026-04-28 15:43:00 2266
Arbitrum Froze $70M From North Korea? Griff Green on the Decision + Miguel Morel on the Hack

Arbitrum Froze $70M From North Korea? Griff Green on the Decision + Miguel Morel on the Hack

KelpDAO’s hackers left telltale signs pointing to one culprit, North Korea. Then, in a surprise move, the Arbitrum Security Council decided to fight b...

2026-04-26 20:15:00 4074
Did Arbitrum Violate DRPK's Property Rights? No, Because It Wasn't Their Property

Did Arbitrum Violate DRPK's Property Rights? No, Because It Wasn't Their Property

The $300M KelpDAO exploit became a watershed moment for DeFi, and the Arbitrum Security Council voted froze $70M worth of stolen funds. Is this a slip...

2026-04-24 23:29:00 4801
DEX in the City: KelpDAO vs. LayerZero: Who Is Liable When a DeFi Protocol Is Hacked?

DEX in the City: KelpDAO vs. LayerZero: Who Is Liable When a DeFi Protocol Is Hacked?

A $300M bridge exploit is forcing the question DeFi has been avoiding: when users lose money, who is actually responsible — the protocol, the infrastr...

2026-04-24 04:06:00 2862
The Chopping Block: Kelp DAO Hack Fallout, DeFi Socialized Losses & Arbitrum’s “Reverse Hack”

The Chopping Block: Kelp DAO Hack Fallout, DeFi Socialized Losses & Arbitrum’s “Reverse Hack”

The Chopping Block crew and guest Monet Supply break down the $200M Kelp DAO bridge exploit, finger-pointing between LayerZero, Kelp DAO, and Aave, th...

2026-04-23 17:00:00 3695
Is Canton Permissionless? CEO Says Yes, but SuperValidators Need Approval

Is Canton Permissionless? CEO Says Yes, but SuperValidators Need Approval

Digital Asset’s CEO faces pointed questions about Canton’s core claims and admits something surprising about the network’s architecture.

...

2026-04-22 19:31:00 5161
Strategy's Preferred Stock Is Now a Stablecoin. And DeFi Has a Security Problem.

Strategy's Preferred Stock Is Now a Stablecoin. And DeFi Has a Security Problem.

The $290 million Kelp DAO hack, attributed to North Korea's Lazarus Group, has DeFi TVL down $13 billion in 48 hours. Do DeFi's foundational assumptio...

2026-04-22 18:33:00 3627
Bits + Bips: Why Josh Lim Is Optimistic on the Dynamics He's Seeing in Bitcoin

Bits + Bips: Why Josh Lim Is Optimistic on the Dynamics He's Seeing in Bitcoin

Bitcoin's spot-led rally looks healthy on the surface. But derivatives say conviction is thin. Josh Lim from FalconX on what the market structure is a...

2026-04-19 18:34:00 2681
The Chopping Block: Quantum FUD, Circle vs. Tether & WLFI Drama

The Chopping Block: Quantum FUD, Circle vs. Tether & WLFI Drama

Quantum computing risk, USDC vs. Tether drama after the Drift hack, and World Liberty Financial’s governance circus take center stage as Haseeb, Tom,...

2026-04-19 17:00:00 4802
How the DOJ and SEC Cases Against BitClout's Nader Al-Naji Collapsed

How the DOJ and SEC Cases Against BitClout's Nader Al-Naji Collapsed

Debanked 12 times. Walked through an airport in handcuffs. Every charge eventually gone. Nader Al-Naji on the defense strategy that convinced both age...

2026-04-18 02:12:00 4848
Uneasy Money: BIP-361 Wants to Freeze Satoshi's Coins. What Happens If It Passes?

Uneasy Money: BIP-361 Wants to Freeze Satoshi's Coins. What Happens If It Passes?

A Bitcoin developer just proposed freezing wallets that don't upgrade for quantum resistance. Including Satoshi's.



Thank yo...

2026-04-18 01:36:00 4596
Anthropic's Mythos Is More Powerful Than the U.S. Government's AI. Does That Make Sense?

Anthropic's Mythos Is More Powerful Than the U.S. Government's AI. Does That Make Sense?

Can a private company be trusted to decide which 40 firms get access to the world’s most dangerous AI model? And separately — is the SEC’s new Reg Cry...

2026-04-17 02:11:00 3123
Bits + Bips: Why Apple Might Benefit More From AI Than AI Companies Will

Bits + Bips: Why Apple Might Benefit More From AI Than AI Companies Will

The US Naval blockade is live, markets are holding, and Ram thinks the bottom is in. Austin and Chris are not so sure.

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T...

2026-04-15 00:43:00 3816
How Onchain Options Could Replace the Basis Trade as Crypto's Yield Strategy

How Onchain Options Could Replace the Basis Trade as Crypto's Yield Strategy

The basis trade paid 15–30% near risk-free for years. Options couldn't compete. Then 10/10 happened.

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2026-04-14 23:00:00 3329
Bits + Bips: Bitcoin's Geopolitical Upturn and the $100K Question

Bits + Bips: Bitcoin's Geopolitical Upturn and the $100K Question

Why ETH outperformed Bitcoin this past week, what's really behind the prediction market activity during the Iran situation, and what comes next for in...

2026-04-14 04:18:00 2694
Why Morgan Stanley Launched the Cheapest Bitcoin ETF on the Market

Why Morgan Stanley Launched the Cheapest Bitcoin ETF on the Market

James Seyffart didn't expect Morgan Stanley to do this. Now he's watching to see if BlackRock blinks.



Nexo is the premier d...

2026-04-11 00:36:00 1887
The Chopping Block: Who's Really Satoshi? Quantum Panic, and AI Eating Code

The Chopping Block: Who's Really Satoshi? Quantum Panic, and AI Eating Code

Bitcoin’s Satoshi drama heats up again as a major journalistic “reveal” drops, just as the crypto industry gets rocked by a quantum computing breakthr...

2026-04-10 17:00:00 3638
How Does Crypto Remain Secure in a World of Always On AI Hacks? - Uneasy Money

How Does Crypto Remain Secure in a World of Always On AI Hacks? - Uneasy Money

Anthropic's new model is too dangerous to release publicly. It's already found 20 zero-days. Kain, Taylor, and Austin want to know when it finds the f...

2026-04-10 02:00:00 4221
DEX in the City: How the SEC’s Crypto Task Force Is Rebuilding Trust with Builders

DEX in the City: How the SEC’s Crypto Task Force Is Rebuilding Trust with Builders

Will SEC guidance stick around if the administration changes? Commissioner Peirce and Sumeera Younis of the Crypto Task Force answer.

2026-04-08 17:30:00 3252
How ‘Booth Babes’ Can Result in Huge Hacks Like Drift’s

How ‘Booth Babes’ Can Result in Huge Hacks Like Drift’s

The Drift hack wasn't a one-off exploit. It was a patient operation spanning months, with nation-state actors working the conference circuit. Then Cir...

2026-04-08 07:00:00 4204
Bits + Bips: Why the Drift Hack Is an ‘Embarrassment for the Industry’

Bits + Bips: Why the Drift Hack Is an ‘Embarrassment for the Industry’

A nation state hacked a startup and won. The hosts debate who's liable, what's fixable, and what isn't.

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Thank you to our...

2026-04-07 23:04:00 3589
How Bitcoin Is Both a Risk Asset and a Hedge Against Debasement

How Bitcoin Is Both a Risk Asset and a Hedge Against Debasement

Charles Schwab’s chief crypto strategist breaks down why traditional finance valuation frameworks, not narratives, are finally taking hold in digital...

2026-04-06 11:00:00 2739
How State-Sponsored Hackers Like DPRK Drain DeFi Protocols: Uneasy Money

How State-Sponsored Hackers Like DPRK Drain DeFi Protocols: Uneasy Money

The Drift Protocol is down $285 million and Circle has the power to freeze the funds — but won’t. Kain, Taylor, and Luca explain why.

2026-04-06 02:12:00 4591
The Chopping Block: Is Canton a Real Blockchain? Ethereum’s Cypherpunk Dilemma, AI Security Chaos

The Chopping Block: Is Canton a Real Blockchain? Ethereum’s Cypherpunk Dilemma, AI Security Chaos

The Chopping Block crew and Wintermute’s Evgeny Gaevoy debate whether Canton is truly permissionless, if Ethereum Foundation should double down on cyp...

2026-04-05 11:05:00 3404
How Bitcoin Is Both a Risk Asset and a Hedge Against Debasement

How Bitcoin Is Both a Risk Asset and a Hedge Against Debasement

Charles Schwab’s chief crypto strategist breaks down why traditional finance valuation frameworks, not narratives, are finally taking hold in digital...

2026-04-05 06:40:00 2784
How Solana's Largest Perp DEX Was Exploited for $285 Million

How Solana's Largest Perp DEX Was Exploited for $285 Million

Chaos Labs' Omer Goldberg unpacks the $285 million Drift Protocol exploit. Did the perp DEX fail to implement best practices?


2026-04-04 17:44:00 2337
DEX in the City: Why the Prediction Market Bans Could Just Be Beginning

DEX in the City: Why the Prediction Market Bans Could Just Be Beginning

Former FTX General Counsel Ryne Miller joins the DEX in the City crew to unpack the CFTC's crypto moves. Does the agency have the staffing to achieve...

2026-04-03 15:10:00 2519
Quantum Computing Got 20x Closer. It Threatens A Third of All Bitcoin

Quantum Computing Got 20x Closer. It Threatens A Third of All Bitcoin

Google just set a deadline. Quantum computers could break Bitcoin's encryption by 2029. Are blockchains ready?

Sponsored by ⁠Nexo⁠
...

2026-04-03 14:40:00 4158
Do Centralized Real World Assets on DeFi Break Ethereum? - Bits + Bips

Do Centralized Real World Assets on DeFi Break Ethereum? - Bits + Bips

When do oil prices force a ceasefire? Why is crypto holding firm while equities crack? And does Canton or Ethereum win the institutional race?
<...

2026-04-01 17:30:00 3875
Bits + Bips: Grid Congestion Is Energy’s L1 Problem. This Crypto Company Has a Solution

Bits + Bips: Grid Congestion Is Energy’s L1 Problem. This Crypto Company Has a Solution

Oil above $100, Qatar's LNG infrastructure in ruins, and a 150-year-old grid buckling under AI-era demand: Sean Murray breaks down why energy has an L...

2026-03-28 00:49:00 2753
Why AI Agents Might Require Humans to Transact More Than as You Think

Why AI Agents Might Require Humans to Transact More Than as You Think

Will AI agents use cards or stablecoins? Here’s how two crypto VCs see the agentic future shaping up.

Sponsored by Nexo: A crypto lending...

2026-03-27 19:22:00 2331
Uneasy Money: How the Resolv Hack Shows an Audit Doesn't Mean 'Secure'

Uneasy Money: How the Resolv Hack Shows an Audit Doesn't Mean 'Secure'

Chaos Labs’ Omer Goldberg joins the crew to dig into the Resolv Labs exploit. Why was the USR minting function controlled by a single key? And how did...

2026-03-27 18:26:00 5041
Bits + Bips: Why Iran Is Trump’s Greatest Taco. Plus, Is Elon’s TeraFab ‘Bullshit’?

Bits + Bips: Why Iran Is Trump’s Greatest Taco. Plus, Is Elon’s TeraFab ‘Bullshit’?

Trump pulled off a five-day ceasefire nobody expected. Ram calls it the greatest TACO of his career.

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Thank you to our sp...

2026-03-25 12:01:00 3745
Bits + Bips:  What Iran, Oil Shocks, and No Rate Cuts Mean for Crypto

Bits + Bips: What Iran, Oil Shocks, and No Rate Cuts Mean for Crypto

Bitcoin dropped under $69K even as the SEC and CFTC create more clarity for crypto, and agentic commerce looks like it will reshape the sector.
...

2026-03-23 13:23:00 2560
Bitcoin DeFi Has Been Elusive. Can Mysten Labs Bring $1.4 Trillion Onchain?

Bitcoin DeFi Has Been Elusive. Can Mysten Labs Bring $1.4 Trillion Onchain?

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 other...

2026-03-20 22:29:00 1803
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