Ethereum Foundation Staff Are Leaving. What Does It Mean for ETH? - Uneasy Money

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 24 May 2026

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Top Ethereum Foundation staff are leaving. Why? Also, Trade.xyz launched a synthetic pre-IPO SpaceX perp on Hyperliquid that further shows RWAs moving onchain. ======================================================== Thank you to our sponsor! ⁠Multichain Advisors⁠: Get help navigating TGEs, go‑to‑market, BD and partnerships, capital markets advisory, PR, media placements, KOL activations and more at ⁠multichainadv.com⁠. ⁠⁠⁠⁠Coinbase One⁠⁠⁠⁠: Get 20% off the first year of your Coinbase One annual plan at ⁠⁠⁠⁠coinbase.com/unchained⁠⁠⁠⁠. ======================================================== A synthetic SpaceX perpetual futures contract launched on Hyperliquid ahead of any IPO, jumping 44% before settling back down. Kain and Tay unpack what it means when a dress rehearsal for one of the biggest potential IPOs in years generates $33 million in trading volume. Then: the Ethereum Foundation exodus. Trent Van Epps, Josh Stark, Barnabé Monnot, Tim Beiko, and Carl Beek are out. Kain’s theory: longtime Ethereum “missionaries” were given hope for change under Tomasz Stanczak, only to see that momentum fade. Finally, three DeFi exploits in four days, including a Thorchain attack that Taylor reconstructed in real time using AI tools during incident response — ending with a fully working attack demo she never asked for. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Kain Warwick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Founder of Infinex and Synthetix ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Taylor Monahan⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Security Expert ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Luca Netz⁠⁠⁠⁠⁠, CEO of Pudgy Penguins Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's like, actually, you know, it's like you're living in a like communist utopia,
0:05.3	their quotes, right?
0:07.3	And then like you get invaded by these like capitalist dirtbags and life becomes so much better.
0:13.3	And you're like, oh, weird.
0:15.1	Actually, I do like having Coca-Cola.
0:17.1	That's cool.
0:18.5	And then like the like communist emperor comes back and takes the country over again and takes away your Coca-Cola. And you're like, wait a second, I like that shit. What's this going on? Yeah. I'm back to, like, digging potatoes out of the ground. Like, fuck this. I'm out. Hey, everyone. I'm Kane Wark and welcome to uneasy money because what happens on chain never stays on-share.
0:38.3	Before we begin, here's a word from the sponsors that make the show possible.
0:42.3	Multi-Chain Advisors is an emerging technology growth firm that has helped create $50 plus billion in enterprise value for 80 plus clients over the past four years.
0:56.9	They're the partner to help navigate markets.
1:01.7	Build real traction today at multi-chain ADV.com.
1:09.9	Hey everyone, I'm here with my co-host, Taylor Monaghan security expert, and Luke Nett, CEO of Pudgy Penguins.
1:12.3	How are we doing, guys? Doing good.
1:19.2	Right. You're doing. Nice. Nice. Nice. Yeah. It's very, very extremely dark outside my house right now.
1:25.8	It's like the, we're like into the dead of winter part of this exercise where like it's pitch black.
1:28.1	It's like pretty cool.
1:32.3	So let's let's get started.
1:38.2	Our first topic this week is pre-IPO perks go live.
1:40.9	This is a pretty cool situation.
1:49.0	We talked a little bit about this last week about the kind of, let's call it like Oracle-based perps that don't have a spot market yet. So DefyP Platform trade.com
1:57.0	X.C deployed a synthetic free IPO. And this this is important part pre-IPO so there is no
2:03.6	SpaceX share price to trade against right um they deployed a perpetual futures contract for
	...

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