The Chopping Block: Is BlackRock’s ETF Proposal Breathing Life Into Bitcoin? - Ep. 510

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 24 June 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest crypto news. With BTC topping $30,000, the gang tackles the apparent surge in institutional bitcoin interest, with BlackRock’s spot ETF application spawning a bumper crop of similar bids. Why did all these TradFi players act at the same time? That, plus a look at the drama surrounding SEC-friendly Prometheum’s Congressional testimony and what Haseeb and Robert see as the trading platform’s many “red flags.” Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: the not-so logical reasons why the markets are up whether GBTC’s ETF conversion will also get approved if BlackRock’s bitcoin ETF gets the SEC go-ahead how all the applications were ready and were “waiting for some sign,” according to Robert whether Grayscale will have to sell the underlying assets of its GBTC trust why a bitcoin spot ETF is more retail-friendly than a bitcoin futures one how plausible it is that London becomes a leading crypto hub the drama around Prometheum’s testimony before Congress the “shady” details of Prometheum’s track record, according to Haseeb why Tarun says that the venture-funded exchanges have “completely failed on many different levels” and what tokens he would list what happened with Curve founder Michael Egorov’s loan on Aave and why Gauntlet, Tarun’s company, advocated freezing the CRV market in the lending protocol why the Aave community rejected the proposal Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Disclosures Links Unchained: 3AC Founders Launch Venture Capital Firm Binance.US Briefly Displays Bitcoin Price at $138,000 Invesco and WisdomTree Follow BlackRock, Reapply for Bitcoin ETFs BlackRock Files for Bitcoin Spot ETF - Coinbase WSJ: Crypto Exchange Backed by Citadel Securities, Fidelity, Schwab Starts Operations Cointelegraph: Blockchain Assoc. requests info on Prometheum over ‘suspicious’ approval Aave proposal to freeze alleged Curve founder’s loans draws controversy CoinDesk: Andreessen Horowitz (a16z) Chooses U.K. as Destination for First Office Outside U.S. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not as dividend as a tale of two pun.
0:02.3	Now your losses are on someone else's balance.
0:05.1	Generally speaking, air drops are kind of pointless anyways.
0:07.7	I manage trading firms who are very involved.
0:10.6	I like that eat those the old ones.
0:12.8	DeFi protocols are the antidote to this problem.
0:16.6	Hello everybody, welcome to the chopping block.
0:18.5	Every couple of weeks, the four of us get together
0:20.0	and give the industry insight of perspective
0:21.6	on the crypto topics of the day.
0:23.6	So first, quick intros.
0:24.8	We've got Tom, the DeFi Maven, a master of memes.
0:27.3	Next, we've got Robert, the crypto connoisseur,
0:28.9	and Captain of Compound.
0:30.4	Then we've got to run the gigabrain
0:31.7	and Grand Poo-Bot at Conlet.
0:33.3	And finally, I'm the CEO of the head-high band at Dragonfly.
0:35.7	We are early stage investors in crypto,
0:37.1	but I want to caveat that nothing we say here
0:38.6	is investment advice, legal advice, or even life advice.
0:41.6	Please see chopping block that XYZ from artist closures.
0:44.9	Okay, boys, we are back at 30K.
	...

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