The Chopping Block: WBTC Drama, Decentralized AI & SEC Subpoenas - Ep. 689

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 14 August 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and chop it up about the latest news. This week, the gang is joined by Shuyao, cofounder of MegaETH Labs and founder of hotpot DAO. They dive into the unfolding drama surrounding WBTC and BitGo's strategic shift towards multi-jurisdictional custody in Hong Kong. They also explore the growing buzz around decentralized AI, sparked by Haseeb’s newfound role as an “influencer” in the space, and debate whether these projects can truly succeed. Moreover, with the SEC reportedly issuing subpoenas to crypto VCs, the discussion turns to the potential implications for token investments and regulatory scrutiny. Lastly, is this cycle lacking a zero-to-one innovation? Show highlights: ➡️ 02:22 What MegaETH is and how hotpot DAO was born ➡️ 07:09 Reflections on the Science Blockchain Conference and its academic rebranding across major universities ➡️ 16:55 How Haseeb became an “influencer for decentralized AI” and whether decentralized AI projects will succeed ➡️ 25:45 What BitGo's move to multi-jurisdictional custody with Justin Sun-linked company BitGlobal in Hong Kong means for the future of WBTC ➡️ 40:33 What the SEC's rumored subpoenas to crypto VCs might mean for the future of token investments and underwriter laws ➡️ 48:28 How the current crypto cycle's lack of a "0 to 1" innovation reflects the industry's momentum and sentiment Hosts Haseeb Qureshi, managing partner at Dragonfly Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Guest: Shuyao, cofounder of MegaETH Labs and founder of hotpot DAO Disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I can say that's all from Grace to go from like you're getting your company acquired
0:04.5	from a few multi-billion dollars to I have to go in the maker governance form.
0:09.3	It's a tale of two quand.
0:13.0	Now your losses are on someone else's balance.
0:15.0	Generally speaking, air drops are kind of pointless anyways.
0:18.0	I made the trading firms who are very involved.
0:21.0	I like that eat is the ultimate problem.
0:23.0	D5 protocols are the antidote to this problem.
0:26.0	All right.
0:28.0	Hello everybody, welcome the chopping block.
0:30.0	Every couple of weeks, the four of us get together and give the industry insiders perspective on the crypto topics of the day.
0:34.5	So quick intro us, first you got Tom, the Defy Maven and Master of Memes.
0:37.5	Hello everyone.
0:38.5	And we've got Taroon, the Giga Brain and Grand Puba at Conlan.
0:42.0	Yo.
0:43.0	And joining us today special guests, we have Brother Bing, who is the Heiress of Hot Pot Dow.
0:48.0	What's up guys?
0:49.0	And then I'm perceived the head-hike man at Dragonfly.
0:52.0	So we're Oastation investors in crypto,
0:53.4	but I want to caveat that nothing we say here
0:54.8	is investment advice, legal advice, or even life advice.
0:57.5	Leasy chopping block that XYZ for more disclosures.
	...

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