{"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":"The Chopping Block: Tokens vs Equity, Lighter's Robinhood Perps Deal, and Trump's $2.4B Crypto Windfall","slug":"the-chopping-block-tokens-vs-equity-lighter-s-robinhood-perps-deal-and-trump-s-2-4b-crypto-windfall","published_at":"2026-07-09T16:00:00+00:00","page_url":"https://stenobird.com/podcast/unchained-728975/the-chopping-block-tokens-vs-equity-lighter-s-robinhood-perps-deal-and-trump-s-2-4b-crypto-windfall","show_page_url":"https://stenobird.com/podcast/unchained-728975","url":"https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML1135808158.mp3","audio_url":"https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML1135808158.mp3","summary":"Vladimir Novakovski of Lighter joins the Chopping Block crew to untangle one of crypto's oldest debates: what happens when tokens and equity coexist. The gang digs into the Venice/VVV controversy, breaks down Lighter's new Perps integration with Robinhood Chain and the fragmentation questions it raises, dissects the wild BonkDAO governance exploit, and reacts to the eye-popping $2.4 billion in crypto income disclosed in Trump's financial filings. 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, joined this week by special guest Vladimir Novakovski of Lighter. The crew dives deep into the resurfaced tokens-versus-equity debate sparked by Dragonfly's investment in Venice and its VVV token, with Haseeb making the case that Venice is fundamentally different from Uniswap Labs style structures. Vlad explains how Lighter has approached the same dilemma through programmatic buybacks and a single C corp structure, and the group debates fiduciary duties, Delaware law, and what a merged DeFi/TradFi future for equity and tokens might look like. From there, they unpack Lighter's big Robinhood Chain announcement, including Lighter's new role as the native Perps engine inside Robinhood Wallet, and whether running a separate instance fragments liquidity. The episode wraps with a breakdown of the BonkDAO governance exploit that let an attacker vote themselves $20 million in tokens, and a reaction to Trump's staggering $2.4 billion in pre-tax crypto income revealed in his latest financial disclosure. Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Show highlights 🔹 Haseeb breaks down…","meta_description":"Vladimir Novakovski of Lighter joins the Chopping Block crew to untangle one of crypto's oldest debates: what happens when tokens and equity coexist. The…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3538,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/unchained-728975/episodes/the-chopping-block-tokens-vs-equity-lighter-s-robinhood-perps-deal-and-trump-s-2-4b-crypto-windfall/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/unchained-728975/the-chopping-block-tokens-vs-equity-lighter-s-robinhood-perps-deal-and-trump-s-2-4b-crypto-windfall.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}