Show overview
Bits + Bips has published 30 episodes, alongside 1 trailer or bonus episode during 2026. That works out to roughly 10 hours of audio in total. Releases follow a several-times-a-week cadence.
Episodes typically run ten to twenty minutes — most land between 9 min and 45 min — with run-times ranging widely across the catalogue. None of the episodes are flagged explicit by the publisher. It is catalogued as a EN-language News show.
The show is actively publishing — the most recent episode landed 2 days ago, with 30 episodes already out so far this year. Published by Unchained.
From the publisher
Exploring how crypto and macro collide one basis point at a time. Hosted by Ram Ahluwalia, Austin Campbell and Chris Perkins. Livestream: Every Monday at 4:30 pm ET.
Latest Episodes
View all 30 episodesIs the AI Rally a Bubble? Ram, Chris, and Austin Disagree
Paul Tudor Jones Says Bitcoin Is the Best Inflation Hedge. Is He Right?
On Polymarket, You Can't Pose a Question. On Delphi, Anyone Can
OpenAI Is Building an AOL. Here Is Why That Limits AI's Scale
How Microsoft Won the OpenAI Fight as Markets Rally on Iran
How the Kelp rsETH Hack Left Aave With $193M in Bad Debt
DeFi's Security Ceiling: Why Lending Can't Be Like Uniswap
Who's Really to Blame for the $290M Kelp DAO Hack?
Strategy's Preferred Stock Is Now a Stablecoin. And DeFi Has a Security Problem.
The Miner Sell Wall and Why Saylor Is Absorbing It
Bits + Bips: Why Josh Lim Is Optimistic on the Dynamics He's Seeing in Bitcoin
Is Anthropic’s Mythos a Real Threat? And Who Pays for AI?
The IRGC Is Damned Either Way — Here’s Why
Why Apple Might Benefit More From AI Than AI Companies Will
Bitcoin's Geopolitical Upturn and the $100K Question
How Iran Uses USDT to Fund Its War Machine
Iran's IRGC has reportedly set up a crypto toll system at the Strait of Hormuz, collecting $1 per barrel to $2 million per supertanker in yuan or USDT via Tron. The IRGC moved $3 billion through crypto in 2025 according to Chainalysis, and the Ministry of Defense has begun accepting crypto for arms exports. Is this a gift to US intelligence (freeze and seize) or proof that stablecoins are enabling adversaries? Austin Campbell (NYU Stern, Zero Knowledge Consulting), Ram Ahluwalia (Lumida), and Chris Perkins (CoinFund) also debate the Iran campaign execution, the F-15 pilot rescue, Polymarket's controversial war bets, and whether Trump's rhetoric matches the military strategy. This clip is from a longer conversation on DeFi security, Iran's crypto war machine, and the token fundamentals crisis. Full episode here: https://youtube.com/live/SKcuC5kqQ7k We go live every Monday at 4:30 PM ET — subscribe to catch it live. Ether.fi is giving Unchained listeners 15% cashback on food and ride apps — and that's on top of the 3% you get on everything else. Your bank is charging you to use your own money. Laura switched and loves her card! Go to ether.fi/unchained to claim your offer. Bitcoin’s application layer, Citrea, launched its mainnet, expanding Bitcoin’s utility to privacy, lending, BTC yields, and more. Citrea enables: cBTC: The first trust-minimized Bitcoin on a fully programmable platform. ctUSD: A native stablecoin for Bitcoin, allowing for unified liquidity. Bitcoin Capital Markets bringing demand, and utility to the Bitcoin Network. Explore the Citrea Ecosystem.
Why a Nation State Will Always Beat the Security of a DeFi Team
The biggest DeFi hack of 2026 wasn't a code exploit. It was a six-month North Korean social engineering campaign that ended with $285M drained from Drift protocol in 12 minutes. Circle had six hours to freeze $232M in USDC moving through its own bridge. Should stablecoin issuers be liable? Is a 2-of-5 multisig really decentralized? Austin Campbell (NYU Stern, Zero Knowledge Consulting), Ram Ahluwalia (Lumida), and Chris Perkins (CoinFund) confront the liability question, Chris's proposal for licensed "neoprivateers," and why US regulators wasted four years not building the framework we need now. This clip is from a longer conversation on DeFi security, Iran's crypto war machine, and the token fundamentals crisis. Full episode here: https://youtube.com/live/SKcuC5kqQ7k We go live every Monday at 4:30 PM ET — subscribe to catch it live. Bitcoin’s application layer, Citrea, launched its mainnet, expanding Bitcoin’s utility to privacy, lending, BTC yields, and more. Citrea enables: cBTC: The first trust-minimized Bitcoin on a fully programmable platform. ctUSD: A native stablecoin for Bitcoin, allowing for unified liquidity. Bitcoin Capital Markets bringing demand, and utility to the Bitcoin Network. Explore the Citrea Ecosystem. Ether.fi is giving Unchained listeners 15% cashback on food and ride apps — and that's on top of the 3% you get on everything else. Your bank is charging you to use your own money. Laura switched and loves her card!Go to ether.fi/unchained to claim your offer.
Why the Drift Hack Is an ‘Embarrassment for the Industry’
A nation state hacked a startup and won. The hosts debate who's liable, what's fixable, and what isn't. --- Thank you to our sponsors: Bitcoin’s application layer, Citrea, launched its mainnet, expanding Bitcoin’s utility to privacy, lending, BTC yields, and more. Citrea enables: cBTC: The first trust-minimized Bitcoin on a fully programmable platform. ctUSD: A native stablecoin for Bitcoin, allowing for unified liquidity. Bitcoin Capital Markets bringing demand, and utility to the Bitcoin Network. Explore the Citrea Ecosystem. Ether.fi is giving Unchained listeners 15% cashback on food and ride apps — and that's on top of the 3% you get on everything else. Your bank is charging you to use your own money. Laura switched and loves her card!Go to ether.fi/unchained to claim your offer. ---- North Korea just pulled off the largest DeFi hack of 2026, draining $285 million from Drift protocol in 12 minutes through a six-month social engineering campaign that included face-to-face meetings at industry conferences. Circle had a six-hour window to freeze $232 million in USDC moving through its own bridge and didn't act. Meanwhile, Iran's IRGC is reportedly collecting crypto tolls at the Strait of Hormuz in USDT via Tron, and the token market is cracking under the weight of 750,000 issuances since 2020 with the median token down 80% from peak. Ram, Austin, and Chris confront the liability question for stablecoin issuers, whether DeFi's security model can survive nation-state attackers, why Chris is calling for licensed "neoprivateers" to recover stolen funds, and what Franklin Templeton's acquisition of 250 Digital signals about where institutional capital is headed. Hosts: Austin Campbell, Host of Bits + Bips, Zero Knowledge Consulting Ram Ahluwalia, Co-Host, CEO of Lumida Chris Perkins, Co-Host, President of CoinFund
How Bitcoin Is Both a Risk Asset and a Hedge Against Debasement
Charles Schwab’s chief crypto strategist breaks down why traditional finance valuation frameworks, not narratives, are finally taking hold in digital assets. --- Multichain Advisors is an emerging technology growth firm that has helped create over $50 billion in enterprise value for 80+ clients. Services include TGE support, go-to-market strategy, BD, partnerships, capital markets advisory, PR, media placements, and KOL activations. Visit https://www.multichainadv.com/ --- Charles Schwab recently hired Jim Ferraioli to build a dedicated crypto research team, a signal that institutions are moving beyond narrative-driven investing and are taking this asset class seriously. In this episode, Steven Ehrlich sits down with Jim to explore how traditional finance valuation frameworks apply to crypto. They discuss Bitcoin’s role as a hedge against monetary debasement (not a safe haven), Jim’s cost-of-production model for valuing Bitcoin, and why Ethereum’s dominance in tokenization matters far more than short-term price action. Most compellingly, Jim argues that today’s Bitcoin prices sit at historical support levels used by the most efficient miners, and that Ethereum’s position as the tokenization standard is nearly unshakeable. If you’ve been waiting for crypto analysis grounded in fundamentals rather than hype, this is the conversation to hear. Host: Steven Ehrlich, Head of Research, SharpLink Guest: Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab Links: Charles Schwab & Institutional Crypto Research Jim Ferraioli | Charles Schwab CoinDesk: Liquidity Lifts Bitcoin, but 'Halving Cycle' Fears Could Limit Rally, Says Schwab Nasdaq: Top 4 Reasons More Americans Are Investing in Crypto, According to Schwab Ethereum Tokenization & Real-World Assets Coindesk: The Tokenization Boom: Why Ethereum Remains the Rails for RWA Tokenization Quantum Computing Risk CoinDesk: Bitcoin Isn't Under Quantum Threat Yet, but Upgrading Could Take 5-10 Years How Bitcoin, Ethereum, and Solana Are Preparing for the Quantum Threat
Why Ethereum Is Winning the Tokenization Race, Per Schwab
Jim Ferraioli, Director of Crypto Strategy and Research at Charles Schwab, applies a GDP-equivalent framework to smart contract platforms: sum the trailing one-year fees across a network, compare that to market cap, and you get a Buffett-indicator-style read on whether it's cheap or expensive. By that measure, Ethereum has traded in a reliable range for years, and it's currently at the low end. But the more interesting argument is structural. Ethereum's fee base has historically been almost entirely tied to crypto market cap growth. Stablecoin usage, liquid staking, lending, trading — all of it moves with the broader market. Tokenization changes that equation. Real-world assets don't care what Bitcoin is doing. And with Ethereum holding the lion's share of tokenized assets — roughly $350 billion including stablecoins, with the next competitor at around $80 billion — it has a first-mover position that is genuinely hard to dislodge. This clip is from a longer conversation he had with Steven Ehrlich on Bitcoin valuation frameworks, zombie protocols, and quantum risk. Full episode here: https://youtube.com/live/YgDIHGuESJk We go live every Thursday at 12 PM ET. Subscribe to catch it live.