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Unchained

Ethereum Foundation Staff Are Leaving. What Does It Mean for ETH? - Uneasy Money

May 20 · 1 hr 12 min
0:00-1:12:00

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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.

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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:

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

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