
Unchained 2025 Crypto Year in Review, Part 1: Shit Talking Edition - Ep. 990
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Dec 26, 2025 Doug Colkitt, co-founder of Fogo and Ambient Finance, and Gwart, the host of The Gwart Show, bring humor to crypto's wild world. They discuss the surprising launches of Trump and Melania’s memecoins, diving into the implications of political figures entering the crypto space. They also explore Hayden Davis's unexpected rise as a coin launcher and his media antics. Plus, insights on the Bybit hack and its fallout highlight the precariousness of the market, leaving listeners both entertained and informed on the latest trends.
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Treat Multisig Signing Like High-Risk Ops
- When operating as a multisig signer, assume compromise is possible and verify signatures across isolated machines.
- Use air-gapped setups and multiple independent checks to reduce the risk of fraudulent transactions.
Lobbying Shaped Presidential Crypto Endorsements
- Trump publicly promoted an XRP/Cardano reserve after reported Ripple lobbying, surprising crypto insiders who expected BTC/ETH mentions.
- The inclusion of Solana in the tweet was allegedly to lend crypto-credibility, not because Solana lobbied.
Hyperliquid's Revenue-First Rise And Drama
- Hyperliquid rose as a revenue-driven protocol that returned fees via buybacks and attracted true believers.
- Its arc included centralization concerns, bridge security flags, big trades by Arthur Hayes, and meme-filled founder feuds.


