Listen to the episode on Apple Podcasts, Spotify, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week Joe Lubin is stepping in to make the bull case for ETH on what he admits is a tough day to be bullish.
We open on Strategy’s first Bitcoin sale in four years and whether the STRC preferred stock structure is “an algorithmic stablecoin with too many steps,” as Tarun puts it. Joe pivots to pitching Ether DATs, then we get into the Ethereum Foundation’s brain drain – nine researchers gone, CROPS as the new mandate, and a mysterious new developer organization taking shape behind the scenes. The episode’s meatiest block covers DeFi security: Justin Drake warns Q-Day is 50% likely by 2032, Manuel Araoz says all of DeFi is unsafe, ThorChain’s been offline for two weeks post-hack, and the panel debates whether we’re entering a rough 12-24 months where attackers outrun defenders. We close on Hyperliquid’s all-time highs and the CFTC opening the door to US perps.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
Hosts:
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- Haseeb Qureshi, Managing Partner at Dragonfly
- Tarun Chitra, Managing Partner at Robot Ventures
- Tom Schmidt, General Partner at Dragonfly
Guest:
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- Joe Lubin, Co-Founder of Ethereum, Founder & CEO of ConsenSys

