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Unchained

2025 Crypto Year in Review, Part 1: Shit Talking Edition - Ep. 990

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 26 December 2025

⏱️ 64 minutes

🧾️ Download transcript

Summary

Crypto natives entered 2025 with many expectations, but bingo cards likely did not include world leaders launching memecoins. In this first installment of a two part Unchained Special, Ambient Finance founder Doug Colkitt and “Gwart” join to offer a whimsical take on some of the years major happenings as it pertains to crypto. How did an erstwhile dropshipper get in bed with world leaders and convince them to launch memecoins? And did Tom Lee's “good hair” save ETH? Thank you to our sponsor, Walrus! http://walrus.xyz/ Guests: Doug Colkitt, Co-founder of Fogo and Ambient Finance Gwart, Host of The Gwart Show Links: Unchained: Why Lyn Alden Isn’t a Fan of Trump’s Memecoins, but Neutral on a Strategic Bitcoin Reserve The Chopping Block: Trump’s Crypto Shake-Up, Solana’s Big Moment, that Changes Everything Why Would Argentine President Javier Milei Protect Kelsier’s Hayden Davis? How the $1.5 Billion Bybit Hack Could Have Been Prevented Which Crypto Assets Belong in a Reserve? This VC Says Not XRP and ADA White House Crypto Summit: Two Attendees Share Why It Matters Arthur Hayes and Hanson Birringer on Hyperliquid’s Success (And What Could Stop It) Hyperliquid Trader Makes $87M in 70 Days, Loses It In Five The Chopping Block: Tom Lee the New Saylor? DAT Consolidation, Token Wrappers Under Fire Circle, Issuer of the $61.5 Billion USDC, Raises $1.1 Billion in Landmark IPO Why Arbitrum Won Over Robinhood + A $59 Million Polymarket Controversy DAT Stocks Are on Sale. Are They a Buy? Plus, Why Crypto Is Dead Timestamps: 🚀 00:00 Introduction  😵 1:20 How Trump and Melania surprised the crypto community with Solana memecoins 😅 4:46 How Hayden Davis went from dropshipping to launching coins with world leaders 🫠 8:39 Could a test transaction have saved Bybit from the largest heist of all time? 🫡 13:34 How Ripple lobbyists reportedly got Trump to shout out an XRP reserve 🤣 17:55 Was the White House Crypto Summit hijacked by FIFA? 🤺 20:20 Hyperliquid's Run and the CZ v. Jeff Memes 😅 26:48 Who is James Wynn, really? 😆 30:36 What sparked ETH's comeback? Tom Lee's good hair or EF reforms? 📈 35:51 How Circle's IPO run blindsided Arthur Hayes 🎇 38:48 Robinhood's grand on-chain debut 🫠 43:58 Still early or DOA? Base's hit and miss campaigns 🤔 54:23 How does the DAT mania end? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So where I disagree.

0:02.7

Is Trump a creator coin? Is Trump coin in creator coin?

0:06.0

Yeah. In my opinion. I mean, so like. He's underpaid. You know, he's only getting paid

0:11.6

400k a year to be president. He's got to monetize somehow.

0:16.5

Hi, everyone. Welcome to Unchained. Your no hype resource for all things crypto. I'm your host,

0:21.2

Laura Shin. Thanks for joining this live stream. Just a heads up. This is a pre-record,

0:25.9

but I feel quite certain you will want to listen to this one. Before we get started, a quick reminder,

0:31.9

nothing you hear on Unchained is investment advice. This show is for informational and entertainment

0:35.9

purposes only, and my guest

0:37.7

and I may hold assets discussed on the show. For more information, that's at UnchainedCripto.com.

0:44.3

If you look at most debts today, they depend on quite a complex mesh of different infrastructure,

0:50.2

a lot of which is centralized. Walrus is a decentralized data platform.

0:55.1

It's particularly good with large, unstructured data files, and it allows you to store and

1:01.1

use those without dependency on any centralized systems.

1:05.7

It works really well as part of the SWE stack.

1:08.6

It was created by Mistin Labs, who are also the originators of

1:12.8

that Suis stack. And what that means is natively together, they allow developers to build

1:20.1

with trust, ownership, privacy, baked in right from the beginning. And what this does is it allows

1:27.0

you to build use cases that

1:29.2

monetize data in ways that just have not been possible before. So there are whole new revenue

1:34.7

streams that are now available to builders to come and build on Morris.

1:41.7

Today's topic is 202525 year in review.

...

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