Mt. Gox Repayments, Consensys vs. SEC, and More!
This Week on Unchained: Don't miss the interviews with Alex Thorn on how the Mt. Gox repayments affect Bitcoin, and Laura Brookover and Sam Enzer on the SEC investigation into ETH.
Why the Mt. Gox Repayments May Not Hurt the Bitcoin Price Much
Ten and a half years after filing for bankruptcy, Mt. Gox is finally set to disburse 142,000 Bitcoin worth nearly $9 billion to creditors between July and October.
Market concern has been growing over the potential impact on Bitcoin prices, but Alex Thorn, head of research at Galaxy, explains why only a small fraction of those bitcoins will be sold. He also discusses the implications of this redistribution on the market, the potential success of Ethereum ETFs, and the chances of a Solana ETF approval.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
The SEC Ends Its Ethereum 2.0 Investigation, but Staking Isn’t in the Clear
Consensys revealed that the SEC had concluded an investigation into Ethereum 2.0, referring to when Ethereum transitioned from a proof-of-work consensus mechanism to a proof-of-stake one.
In this episode, Laura Brookover, senior counsel & head of litigation and investigations at Consensys, and Sam Enzer, partner at Cahill Gordon & Reindel, explore the implications of this decision on ether’s status as a commodity versus a security, and why the SEC dropped the pursuit, including whether the shifting political winds played a role. For instance, how much of the decision was influenced by the ETH ETF approvals, Democrats crossing party lines to vote for FIT21 and the repeal of SAB 121, and/or SEC crypto enforcement chief David Hirsch’s resignation?
In this discussion, they also explained why the closure doesn’t necessarily mean that staking, or restaking, is safe from the SEC. Plus, what’s the impact of this closure on the other big crypto cases, such as Coinbase, Kraken, Uniswap, and Ripple?
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, 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:
Solana Has Cemented Itself in ‘Crypto’s Big Three’: GSR
Analysts at GSR think that not only is it likely that a Solana ETF will be approved, but the impact on the digital asset might be the largest yet.
Base on Pace to Record 6 Million Monthly Active Addresses, Nearing Coinbase’s Monthly Users
Base’s monthly active addresses from April to May jumped by less than 18,000, whereas the difference between May to June is projected to be more than 2.2 million addresses. Meanwhile, Coinbase sees eight million monthly transacting users on average.
Airdrop Hunters Don’t Give Up as They Shift Focus to Scroll and Linea Post-ZKsync
Even though some industry leaders say that the airdrop meta is over, there’s clearly still a lot of interest.
Arbitrum Endowment Committee Recommends Six Real-World Asset Products Including BlackRock’s BUIDL Fund
The total value of tokenized treasury product tokens has reached $1.72 billion, more than double the $778 million figure at the year’s start.
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