{"podcast":{"title":"Unchained","slug":"unchained-728975","podcast_index_feed_id":728975,"rss_url":"https://feeds.megaphone.fm/LSHML4761942757","website_url":"https://unchainedcrypto.com","image_url":"https://megaphone.imgix.net/podcasts/b7bf264e-3874-11ed-a2fe-a3feab4203a7/image/f4aec706c3b7929f0528616e7f643eda.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Laura Shin","episode_count":1228,"summary":"Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world.","last_synced_at":"2026-08-01T22:19:50.638328+00:00","page_url":"https://stenobird.com/podcast/unchained-728975"},"episode":{"title":"Bits + Bips: Why the AI Rally Keeps Growing — and Why Circle Launched Arc","slug":"bits-bips-why-the-ai-rally-keeps-growing-and-why-circle-launched-arc","published_at":"2026-05-13T18:55:00+00:00","page_url":"https://stenobird.com/podcast/unchained-728975/bits-bips-why-the-ai-rally-keeps-growing-and-why-circle-launched-arc","show_page_url":"https://stenobird.com/podcast/unchained-728975","url":"https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML4045919454.mp3","audio_url":"https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML4045919454.mp3","summary":"Ram says the entire market is now one giant AI trade. Chris argues the boom is backed by real fundamentals. Austin asks: is AI creating value for the right companies? --- Thank you to our sponsor! Coinbase One: Get 20% off the first year of your Coinbase One annual plan at coinbase.com/unchained. Heads up! If you haven’t yet, be sure to subscribe to Bits + Bips, since the show will migrate there in a few weeks. Follow us on ⁠⁠⁠⁠⁠Apple Podcasts⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠Unchained⁠⁠⁠⁠⁠ and wherever you get your podcasts. ---- Circle just made history as the first publicly traded company to run a token presale, raising $222 million from BlackRock, Apollo, ICE, and a16z at a $3 billion valuation — and the stock went up. At the same time, Coinbase reported a $394 million loss, cut 700 jobs, and suffered a five-hour outage. Ram, Austin, and Chris work through what's really happening: whether Circle's Arc is the institutional payment rail the industry has been waiting for or a financial engineering play, whether Coinbase's troubles are cyclical or structural, and whether the AI-driven market rally is a bubble forming or a fundamental shift that makes the dotcom comparison wrong. Hosts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Austin Campbell (@austincampbell) — Founder, Zero Knowledge Consulting; Adjunct Professor, NYU Stern ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ram Ahluwalia⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Co-Host, CEO of Lumida ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Chris Perkins⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Co-Host, CEO of 250 Digital Asset Management Learn more about your ad choices. Visit megaphone.fm/adchoices","meta_description":"Ram says the entire market is now one giant AI trade. Chris argues the boom is backed by real fundamentals. Austin asks: is AI creating value for the righ…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3182,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/unchained-728975/episodes/bits-bips-why-the-ai-rally-keeps-growing-and-why-circle-launched-arc/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/unchained-728975/bits-bips-why-the-ai-rally-keeps-growing-and-why-circle-launched-arc.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}