Coinbase Smart Wallet, Stablecoins, ETH ETFs, and More!
This Week on Unchained: Don't miss the interviews with Chris Giancarlo and Daniel Gorfine Warren on stablecoins, and Luke Youngblood on smart wallets. Plus, a new episode of Bits + Bips.
How Coinbase Might Bring 1 Billion People Onchain Using Its Smart Wallet
Coinbase’s “onchain summer” has kicked off with the launch of its new smart wallet. This interview with Luke Youngblood, founding contributor to Moonwell, gives a peek at how it’s sweetening the pot for developers and users alike.
In this episode, Youngblood describes how smart wallets are different from traditional wallets, how they do away with past security issues, and the more minor potential risks that still do exist with smart wallets. He also gives details on the ways that Coinbase is trying to use its smart wallet to get users onchain: making it much easier to transact onchain directly from their Coinbase accounts, subsidizing gas costs for certain dapps, and making sure everything is web-accessible.
Plus, he explains why Moonwell chose Base, how it is branching out to non-crypto native DeFi users, such as populations that only have mobile phones and not desktop computers in geographies like Africa, Latin America, and Asia, and how the DeFi lending protocol differentiates itself from bigger ones that have established a beachhead on Base.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann, along with guest Hal Press, founder of North Rock Digital, dive into the intricate challenges of pitching the ETH spot ETF to traditional finance and the Federal Reserve’s anticipated next steps. They discuss why Biden vetoed the repeal of SAB 121, and why that veto lends credence to an alternative theory as to why the SEC approved Ethereum ETFs.
Also, they talk about why the spot ETH ETFs are already turning out to be different from the Bitcoin ETFs, Hong Kong’s (and perhaps China’s?) crypto ambitions, recent U.S. macroeconomic indicators, and whether or not Roaring Kitty’s recent antics with GME stock are illegal—and how he’s impacting memecoins.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
How the U.S. Government Can Protect the Dollar Through Stablecoins
In this episode, Laura Shin speaks with former CFTC chairman Chris Giancarlo and former CFTC chief innovation officer Daniel Gorfine on the pressing need for the US to safeguard the dollar. They explain why they believe the future of regulation is the government operating nodes on blockchains rather than regulating intermediaries, why even private USD stablecoins will want a USD central bank digital currency, and how China might export the technology behind the digital yuan—and its surveillance capabilities—to other countries. They also touch on how the upcoming US elections could influence crypto policy, why stablecoins are more than just trading instruments, and what the US must do to maintain its financial leadership.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
In Case You Missed It 👀
Here are some articles you will probably want to read:
Should Ethereum Layer 2s Urgently Decentralize Their Sequencers?
After layer 2 network Linea halted block production this week, many demanded the sequencers be decentralized. But is it necessary?
Q&A With Robinhood Crypto General Manager: Why the Crypto Giant Went to the EU
Robinhood’s crypto general manager Johann Kerbrat gave his perspective on the Bitstamp acquisition, the upcoming spot ether ETFs, and how the US regulatory landscape compares to others.
The Top 4 Onchain Metrics Every Crypto Investor Should Understand
Using onchain data, investors can cut through the noise of “Crypto Twitter” and understand the fundamentals of cryptocurrencies.
ZkSync Airdrop Could Be Valued Higher Than the Entire Network’s TVL
A 10% airdrop of ZkSync tokens could be worth over $1.3 billion, which is almost double zkSync’s current TVL of $852 million.
Arbitrum’s $237 Million Catalyze Gaming Proposal Passes Despite Substantial Opposition
23.7% of total votes that participated in the onchain vote were against the proposal to use 225 million ARB tokens from Arbitrum DAO’s treasury, which included Bitcoin OG Eric Wall, GFX Labs, Michigan Blockchain, and Camelot.
Coinbase Smart Wallet Could Offer Free Transactions ‘in Perpetuity’ for Some Dapps
Coinbase smart wallet, which launched this week, is subsidizing gas costs for users’ transactions for some dapps on Base. But a launch partner says one aspect of the setup could enable the company to do this forever.
Read the Weekly Recap!
🤓 Learn With Unchained
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What Are Sequencers in Layer 2 Protocols Such as Optimism, Arbitrum, and Base?
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Would be nice to get connection with XYO and Coinapp NFTs