
newsMay 20, 20261:12:00pending
Ethereum Foundation Staff Are Leaving. What Does It Mean for ETH? - Uneasy Money
Get every episode summarized
Each time Unchained publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
About this episode
Top Ethereum Foundation staff are leaving. Why? Also, Trade.xyz launched a synthetic pre-IPO SpaceX perp on Hyperliquid that further shows RWAs moving onchain.
========================================================
Thank you to our sponsor!
Multichain Advisors: Get help navigating TGEs, go‑to‑market, BD and partnerships, capital markets advisory, PR, media placements, KOL activations and more at multichainadv.com.
Coinbase One: Get 20% off the first year of your Coinbase One annual plan at coinbase.com/unchained.
========================================================
A synthetic SpaceX perpetual futures contract launched on Hyperliquid ahead of any IPO, jumping 44% before settling back down. Kain and Tay unpack what it means when a dress rehearsal for one of the biggest potential IPOs in years generates $33 million in trading volume.
Then: the Ethereum Foundation exodus. Trent Van Epps, Josh Stark, Barnabé Monnot, Tim Beiko, and Carl Beek are out. Kain’s theory: longtime Ethereum “missionaries” were given hope for change under Tomasz Stanczak, only to see that momentum fade.
Finally, three DeFi exploits in four days, including a Thorchain attack that Taylor reconstructed in real time using AI tools during incident response — ending with a fully working attack demo she never asked for.
Host:
Kain Warwick, Founder of Infinex and Synthetix
Taylor Monahan, Security Expert
Luca Netz, CEO of Pudgy Penguins
Timestamps
🚀 01:01 SpaceX pre-IPO perps go live on Hyperliquid — it opened at $150 and jumped to $216
📊 06:52 Were SpaceX IPO bankers watching — and was $150 too cheap?
🔒 10:40 Luca on hedging locked positions — and getting ADL’d at the bottom
💹22:25: Multichain Advisors: Get help navigating TGEs, go‑to‑market, BD and partnerships, capital markets advisory, PR, media placements, KOL activations and more at https://multichainadv.com.
💙23:04: Coinbase: Get 20% off the first year of your Coinbase One annual plan at https://coinbase.com/unchained.
🏛️ 24:51 The Ethereum Foundation exodus — who left and why it matters
💥 29:21 Kain’s theory: Ethereum’s “missionaries” were given hope — then lost it
🤖 40:47 Kain: the place you want to be right now gives you infinite inference tokens
⚙️ 43:09 Grok Build launches — and xAI's compute advantage over every other frontier lab
🔓 49:51 Three DeFi exploits in four days: Echo Protocol, Thorchain, and a bridge attack
🔐 54:41 How the Thorchain attacker extracted a raw key that should never have existed
🧠 01:00:00 Tay: AI wrote a full working attack demo during live incident response
Learn more about your ad choices. Visit megaphone.fm/adchoices
Get every episode summarized
Each time Unchained publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Unchained

How NEAR Intents Identified a Suspect and Got Its Stolen Funds Back
Unchained
Oct 9, 202646:00pending

The Chopping Block: Live at TOKEN2049 feat. Balaji Srinivasan & Arthur Hayes on...
Unchained
Oct 9, 202642:03pending

How OpenAI's Math Dump Has Crypto Rethinking Its Cryptography: Uneasy Money
Unchained
Oct 8, 20261:19:40pending

THORChain Says It Can't Block North Korean Laundering. Is That True?
Unchained
Oct 7, 20261:11:43pending