NEWS

Laura Shin (left) with Alexander Blume and Matteo Pandolfi (right) in a three-way split-screen Unchained Premium video interview

November 4, 2026

Here’s Why Bitcoin Yield on L2s Are Drying Up, According to Two Prime

Alexander Blume of Two Prime and Matteo Pandolfi of Pareto lay out how their vault gathers wrapped bitcoin onchain while Two Prime lends it offchain, and why Blume thinks that beats token-subsidized Bitcoin L2 yields.

PODCASTS

November 3, 2026

Binance Lost $6.3 Billion. Why Does Crypto Still Lack Circuit Breakers?

Binance lost $6.3 billion in a 20-minute burst. Austin, Ram, and Chris ask why crypto still lacks the circuit breakers.

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Latest Podcasts

November 3, 2026

How North Korea Stole $6.3 Billion From Binance in 20 Minutes

A compromised developer laptop and 50 pre-signed transactions let North Korea drain $6.3 billion from Binance. Jonty and Pablo Sabbatella trace how it happened.

October 31, 2026

The Chopping Block: The Binance Hack, Circle’s Fast Freeze, YC’s Crypto Wishlist, and ICE Bringing Hyperliquid Perps Onshore

Episode #1260 | October 29, 2026

Bitcoin’s Price May Have Bottomed. One Reason Is the AI Debasement Trade

October 29, 2026

Uneasy Money: Why Anthropic’s IPO Governance Has Crypto Veterans Worried

October 27, 2026

How AI Agents Are Exposing a Bank Business Model Built on ‘Laziness’

Episode #1257 | October 27, 2026

Why America’s New Cyber Privateers Can’t Go After North Korea

October 24, 2026

The Chopping Block: Black October, Banks Blocking AI Agents, Hyperliquid’s Blockchain-Not-Bitcoin Moment, and the Visa-Fireblocks Rumor

Episode #1255 | October 22, 2026

PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?

October 22, 2026

Uneasy Money: Is the Internet Breaking Because Bots Never Get Lazy?

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Bitcoin

November 4, 2026

Two Prime CEO Calls Bitcoin Yields From Babylon and Stacks ‘VC-Funded Subsidies’

Alexander Blume said the rewards that Babylon and Stacks offered bitcoin holders pay out less as deposits grow, and pointed to a vault Two Prime runs on Pareto that lends to borrowers offchain.

November 4, 2026

Why Bitcoin’s Next Soft Fork Could Feel Like a Practice Run

Matt Corallo explains why patching four legacy bugs is about rebuilding muscle memory, just as much as it’s about Bitcoin maintenance.

November 4, 2026

Here’s Why Bitcoin Yield on L2s Are Drying Up, According to Two Prime

Alexander Blume of Two Prime and Matteo Pandolfi of Pareto lay out how their vault gathers wrapped bitcoin onchain while Two Prime lends it offchain, and why Blume thinks that beats token-subsidized Bitcoin L2 yields.

November 3, 2026

Liquid’s Bitcoin Reserves Fully Back Its Tokens Again as Board Member Points to Blockstream

The Liquid Federation says the roughly 600 BTC hole left by September's exploit is filled.

Business

November 5, 2026

American Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain

Without a $197.3 million accounting gain on the bitcoin it holds, the Eric Trump co-founded miner would have lost about $70 million before taxes, as output, revenue and margins slipped from the second quarter.

November 5, 2026

Coinbase Lays Out Hot Wallet Controls as Customers Ask if a Binance-Style Hack Could Hit It

Customers asked whether Binance’s Oct. 29 breach could happen at Coinbase. The exchange pointed to signing keys that are never reassembled, caps on refilling hot wallets and switches that can pull keys offline.

November 5, 2026

Crédit Mutuel Arkéa Says Attackers Drained Its Own Account and May Have Cashed Out in Crypto

The French bank says the attackers worked through its own account, not customers’, and won’t confirm the reported €118 million ($133 million) loss beyond saying the scale is about right.

November 5, 2026

Boeing, ServiceNow and Nebius Keep Their Stock Off ICE-OKX Token Venue, Lifting Objectors to 62

The venue’s Nov. 4 notice adds Boeing, ServiceNow and Nebius Group to a list that already named Apple, Home Depot and GE Vernova, and the venture has yet to say when trading will start.

DeFi

November 4, 2026

Here’s Why Bitcoin Yield on L2s Are Drying Up, According to Two Prime

Alexander Blume of Two Prime and Matteo Pandolfi of Pareto lay out how their vault gathers wrapped bitcoin onchain while Two Prime lends it offchain, and why Blume thinks that beats token-subsidized Bitcoin L2 yields.

November 3, 2026

Moonwell cbBTC Supplier Asks for a Remediation Plan as the Market Holds $1.72 in Cash

Nearly 10 weeks after the MAMO exploit, Unchained's read of the Base contract shows almost no cbBTC left to withdraw against about $4.56 million in loans, and a formal request for a plan has drawn no replies.

November 3, 2026

THORChain Restarts Most Swaps After Analyst Said Operators Would Expect North Korea to Launder

Jonty, founder of Pangolin Intelligence, said in an Unchained episode recorded Nov. 2, while 10 chains were still halted, that a node operator voting to switch THORChain back on would be doing so “knowingly,” expecting North Korea to launder billions in stolen money; THORNode data showed Bitcoin, Ether and Tron swaps running again by 3:50 p.m. ET on Nov. 3.

November 3, 2026

How North Korea Stole $6.3 Billion From Binance in 20 Minutes

A compromised developer laptop and 50 pre-signed transactions let North Korea drain $6.3 billion from Binance. Jonty and Pablo Sabbatella trace how it happened.

Ethereum

November 2, 2026

Arbitrum’s Security Council Can Move a Wallet’s Funds Without Its Key, Binance Freeze Shows

The council froze 8,426 ETH and 74.6 million ARB on Oct. 30, and a Nov. 2 walkthrough on Ethereum Magicians traces how it sent the transfers in the holder's name.

November 2, 2026

Bitmine Slows to 8,573 ETH Buy as Tom Lee Downplays Binance Hack

Bitmine's crypto, cash and stakes fell to $14.5 billion from about $15 billion a week earlier as ether slipped, leaving the company roughly 49,500 ETH short of its 5% goal.

October 27, 2026

Ethereum Developers Merge Glamsterdam Fix to Keep Validator Deposits Out of Builder Accounts

The change keeps validator deposits pending at the Gloas fork from being credited to a builder that shares the same key, a scenario its author called a conditional finding, not a live exploit.

October 26, 2026

Bitmine’s Holdings Value Dips to $15 Billion Despite 10,452 ETH Buy

Tom Lee's Bitmine is now about 58,000 ETH short of its 5% supply goal after spending roughly $46 million on its own stock last week.

NFTs

October 13, 2026

NFT Marketplace Blur Is Retiring Blur.io on Nov. 12, Keeping Its Contracts Live Onchain

Blur set Nov. 12 as the date it retires the blur.io interface, saying the marketplace protocol stays live onchain and the BLUR token keeps control of its fee switch.

September 1, 2026

StonkBrokers Are Popular on Robinhood Chain. But Is the NFT a Security or Collectible?

Owners must stake, post and attest to a permitted country to earn Robinhood Stock Tokens. Anyone can buy the NFT, and the portfolio inside it, with no KYC.

August 4, 2026

POAP Winds Down After Five Years and Nearly 7.6 Million Onchain Badges

Co-founder Isabel Gonzalez said POAP could not build a sustainable business without undermining what made the project matter, ending a protocol used by Coinbase, Amex, and Warner Music Group.

July 2, 2026

Melania Trump Raked in Over $6 Million From NFTs and Collectibles in 2025

The first lady's annual financial disclosure shows nearly $17 million in total earnings, driven by her Amazon documentary, memoir, and a booming NFT business.

Regulation

November 5, 2026

South Korea’s Finance Ministry Joins Push to Hold Off Crypto Tax Until 2029

Finance Minister Lee Hyoung-il said Seoul will seek a two-year postponement of the 22% tax on crypto gains, paired with a three-year loss carryforward, a day after the ruling Democratic Party called for a delay.

November 4, 2026

Canton Coin Is a ‘Digital Commodity,’ SEC Staff Say in Letter Covering Network Rewards

A Corporation Finance staff letter applies the SEC’s March token taxonomy to Canton’s reward token, resting on what Digital Asset told the agency about how the network works.

November 4, 2026

Crypto Super PACs Back the Winning Side in 28 of 30 Called House Races, 1 of 4 Senate Races

An Unchained tally of FEC filings finds $21.9 million of the $89.5 million four crypto PACs spent on projected races since Sept. 1 was on the winning side.

November 4, 2026

Second Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase

A Second Circuit panel turned down the prediction-market companies' requests for interim relief in a two-page order on Tuesday that leaves their federal preemption argument unresolved.

Tech

November 3, 2026

Consensys Bets Banks Will Pay to Connect Their Private Ledgers, With Canton on Deck

The Ethereum software firm says its new product lets banks, custodians and asset managers settle trades across separate ledgers while assets stay where they are.

November 3, 2026

How North Korea Stole $6.3 Billion From Binance in 20 Minutes

A compromised developer laptop and 50 pre-signed transactions let North Korea drain $6.3 billion from Binance. Jonty and Pablo Sabbatella trace how it happened.

November 2, 2026

Trezor Now Accepts 128-Character Passphrases, Pointing to Coldcard’s Seed Flaw

Trezor's Nov. 1 update lets most of its hardware wallets take passphrases up to 128 characters, and the company opened the announcement with the Coldcard seed failure.

October 30, 2026

Blockchain Data Firm Allium Says Every Chain Passed Checks After Security Incident

Allium says its warehouse data has passed verification checks for every chain five days after it found unauthorized access to its systems, but it has not said how that access happened or what it reached.

In Case You Missed it

October 31, 2026

The Chopping Block: The Binance Hack, Circle’s Fast Freeze, YC’s Crypto Wishlist, and ICE Bringing Hyperliquid Perps Onshore

Rob Hadick guest-hosts for a second week with Tom and Robert, joined by Nemil Dalal of Y Combinator. Hours before the show, Binance lost an estimated $5 billion in what looks like the largest hack in crypto history, Circle and Tether froze funds faster than anyone expected, YC lays out its crypto Request for Startups, and ICE signs with trade.xyz to bring regulated perps built on Hyperliquid’s technology to US customers.

October 24, 2026

The Chopping Block: Black October, Banks Blocking AI Agents, Hyperliquid’s Blockchain-Not-Bitcoin Moment, and the Visa-Fireblocks Rumor

Rob Hadick guest-hosts in Haseeb’s seat with Tom, Tarun, and Robert. A 48-hour wave of disclosures that security experts are calling Black October hit PHP, Node, Railway, and the Linux kernel, banks from JPMorgan to Schwab start blocking AI agents while Bernie Sanders calls to pause AI, Joe Weisenthal comes around on Hyperliquid, and Visa is rumored to be buying Fireblocks.

For Beginners

wbtc alternatives

September 16, 2024

Top Wrapped Bitcoin (WBTC) Alternatives You Should Know About

Several WBTC alternatives have emerged to bring Bitcoin liquidity to DeFi ecosystems across the cryptoverse. Discover the most prominent ones in this guide.

based rollups

July 3, 2024

What Are Based Rollups and How Do They Work?

Based rollups are an exciting new addition to rollup scaling solutions.

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