Bull Market Catalysts, Bitcoin ETFs Success, Meme Coins, and More!
This Week on Unchained: Don't miss the interviews Eric Balchunas from Bloomberg Intelligence and Alex Pack, managing partner at Hack VC.
In this episode, Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs since their launch two months ago.
Balchunas noted that the ETFs’ performance exceeded his expectations, with a faster and more intense “second wind” than anticipated. He attributed this to a combination of asset managers buying in, retail interest, and the “ETF effect” where the knowledge of incoming flows encourages non-ETF investors to buy.
Balchunas also predicted that BlackRock’s Bitcoin ETF would likely be the most successful of the nine new spot Bitcoin ETFs, while also doubting that any of the smaller issuers would bow out.
He also discussed the potential for spot Ether ETFs, but was less optimistic about their success compared to Bitcoin ETFs.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
In this episode of Unchained, Alex Pack, managing partner at Hack VC. Pack discusses the firm’s recent $150 million fundraise, the challenges of raising capital in a bear market, and the firm’s focus on early-stage Web3 infrastructure. He also shares his thoughts on the intersection of crypto and AI, the future of DeFi, and the importance of security in the crypto space. Pack believes that the current infrastructure of crypto is still in its early stages and needs significant improvement before it can reach mainstream adoption. He also sees potential in the development of more secure smart contracts and the integration of AI into decentralized applications.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
The Chopping Block: Meme Coin Frenzy, Decentralized AI, & Uniswap’s Fee Strategy
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner dive into the hot topics stirring the cryptocurrency world.
Could Uniswap’s fee switch revolutionize DeFi’s economic model? What’s the real potential of decentralized AI in blockchain, and how close are we to seeing its practical applications? And in the whirlwind of the crypto market, what makes meme coins like GeoBoten not just viral, but influential?
This episode offers a detailed analysis of Uniswap’s strategic move to potentially activate fee switches, exploring its implications for liquidity providers and the broader DeFi landscape. We also navigate the promising yet challenging terrain of Crypto AI, dissecting decentralized inference and the feasibility of verifiable training. The phenomenon of meme coins, with a spotlight on Jeo Boden, is dissected for its impact on community engagement and market dynamics. Join us as we probe these intriguing questions, equipped with Robert Leshner’s insights, to unravel the complexities of DeFi innovations, Crypto AI’s frontier, and the unique ecosystem of meme coins.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
In Case You Missed It 👀
Here are some of the most important news of this week:
What’s Going on With Wormhole’s Airdrop?
Token bridging platform Wormhole plans to airdrop 617 million W tokens to eligible users, but some members of the community are contending that allocations have been unfairly determined.
How the Bitcoins in Your ETF Get Sourced: The Real Story
The founder and CEO of Custodia Bank recently raised fears, and hopes of higher bitcoin prices, when she wrote that there was only a limited supply of bitcoin available for the fast-growing spot ETFs. Here’s what she got wrong, however.
Miners Appear to Sell $69 Million Worth of Decade-Old Bitcoin
A large amount of bitcoin mined in 2010 was sent to Coinbase after the leading digital asset hit a new all-time high, suggesting that some of the earliest bitcoin miners are cashing out their old block rewards.
How This Crypto Rally Is Different: Bitcoin Has Been Leading Altcoins
Previous bull markets have often been led by altcoins. Does this mean a more substantial altcoin rally is around the corner?
Ethereum’s Dencun Upgrade Can’t Come Soon Enough as Gas Fees Surge
Ethereum users say they are spending upwards of $100 on gas fees for swaps and NFTs during peak times. The upcoming Dencun upgrade will lower fees, but there is a caveat.
Why Spot Ether ETFs Likely Won’t Steal Bitcoin’s Thunder — Even if Staking Is Included
Some ETF providers are hoping to integrate staking into the US spot ether ETFs to generate additional income. However, the addition is unlikely to turn many investors’ heads away from spot bitcoin ETFs.
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