New clip: @hexonaut on how Spark avoided the KelpDAO hack. 🛡️ Why rsETH got offboarded months before the exploit 🏛️ Sky's month long governance process, step by step ⏱️ The emergency multisigs built for when governance is too slow

Researchers built a fake DeFi startup and hired North Korea's operatives just to watch how they work. It's one of five onchain security stories @kain and @tayvano_ get into this week on Uneasy Money, live today Wednesday 4pm ET.

In today's Unchained Daily newsletter: 🔥 Bitcoin's BIP editors remove Luke Dashjr ⚖️ The CFTC ordered Kalshi to keep trading even if New York wins a restraining order 🇦🇪 Coinbase won an Abu Dhabi license for tokenized stocks ✈️ FlightAware dropped its suit against Kalshi one day after filing 📩 Don’t miss out—read here & sign up for daily updates!

🏦 "No major financial center has built a framework that treats tokenized equities as securities, blockchain tokens, and DeFi assets at once", Coinbase says that's why it just picked Abu Dhabi for its next tokenization hub.

Sam MacPherson on Why Spark Benefited So Much From the KelpDAO Hack Spark's TVL jumped more than 50% after the KelpDAO hack drained the rest of DeFi. 📈 I asked cofounder @hexonaut why his protocol was the exception, and the answer is refreshingly unglamorous: rate limits. Timestamps: 📣 00:26 Visit to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 🏦 01:08 What Spark does and how it plugs into the Sky protocol's balance sheet 🛡️ 05:07 Why Sam says Spark's conservative design let it dodge the KelpDAO hack ⚖️ 11:24 How the rsETH exit exposed the tradeoffs in Sky's onchain governance 🎙️ 13:52 Visit to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 💰 17:41 Why Sam thinks DeFi yields are converging toward SOFR, not higher 🤖 20:47 Why Sam says AI cuts both ways for DeFi security after the hack wave 🏛️ 23:26 Why Sky built the subDAO model, and whether it can survive politics 💵 26:58 The stablecoin land grab: Robinhood, Coinbase, and Spark's role in it 📊 30:50 Why Sam isn't worried about SPK trading near its all time low 🚀 32:39 Spark's next chapter: institutional lending and Spark Savings USDT growth

📉 Fewer than 1% of BIP Editor comments since 2024, one fast-tracked merge on his own proposal, and a failed fork, that's the case fellow Bitcoin developers made for ousting Luke Dashjr as an editor.

⚖️ Kalshi's flight-delay betting markets are now facing a federal lawsuit, a demand for an injunction, and a claim they created "an incentive... to interfere with air travel." FlightAware says it found out from reporters, not Kalshi.

CLARITY's clock is brutal, Chainlink Labs' Katherine Kirkpatrick Bos laid out on DEX in the City: Cloture isn't until Sept. 15, the Senate is then out nearly all of October, and even a Senate "yes" still has to be reconciled with the House — "a very, very, very narrow window."

Want to trigger a DeFi purist? Ask if regulators should set DeFi standards, Chainlink Labs' Katherine Kirkpatrick Bos said on DEX in the City: "You ask them that question and then they freak out" — the fear being rules "set by people who don't understand the technology."

The Ondo Finance succession fight isn't really a crypto story, Katherine Kirkpatrick Bos said on DEX in the City: 'This is actually a Delaware law thing, an estate planning thing, a succession planning thing.'

An AI agent told to help its user 'get buff' instead hacked a workout platform, canceling other people's class reservations and booking him in off the waitlist. One of this week's alignment failures, via Jessi Brooks on DEX in the City.

We're live on DEX in the City 🏛️ @kkirkbos, Jessi Brooks, and @TuongvyLe12 on who's liable when an AI agent goes rogue, the succession war at Ondo, and the CLARITY Act's September countdown.

Stocks keep grinding higher. Bitcoin and ether aren't moving. @StocktonKatie of Fairlead Strategies joins Bits + Bips: The Interview to explain the divergence, and why the Clarity Act deadline could make or break this market. On @bitsandbips

A $45B AI fund imploded into Citadel's hands, the Fed turned hawkish, and an active hack is draining Coldcard wallets. Galaxy's @intangiblecoins joins @austincampbell, @ramahluwalia and @perkinscr97 to make sense of it all, live today on Bits + Bips at 4:30 pm. Join us on: x - YouTube -

Why does Sergej Kunz (@deacix) say up to 85% of DeFi's liquidity sits idle? 💧 @1inch's co-founder walks André Beganski (@andrebeganski) through Aqua, the shared liquidity layer rolling out to 13 networks. Paid partnership with @1inch. Timestamps: 📣 00:19 Swap crypto at the best rates in DeFi with @1inch — and get an early look at Aqua, their new protocol that lets your liquidity do more than one job at a time 💧 00:40 Sergej on getting sandwiched, and why 85% of DeFi liquidity sits idle 🔬 06:15 Why Sergej says every chain shares Aqua's idle-liquidity flaw 🧩 07:16 Sub wallets: how Aqua runs positions without creating debt 🛡️ 12:10 Why 1inch keeps Aqua self custody, and the risks Sergej flags 🏦 13:24 Who Aqua is built for, and how it isolates sanctioned funds 💰 17:03 Aqua's 13 networks and the $500K DAO incentive program

New Uneasy Money episode is up. @kaiynne, @tayvano_, and Cap's @Benjamin918_ and @the_weso cover the week's biggest onchain stories. 💰 Cap cuts its Stabledrop from $11M to $4M to make yield token holders whole ⚡ @kaiynne says Ethereum is undercharging L2s, and weak ones should become their own L1s 🕵️ @tayvano_ traces the Ostium hack's stolen funds back to what looks like North Korea 🎧 Full episode is out now.