Unchained
Landmark Regulation, ICOs, Downtober & Privacy: 2025 Crypto Year in Review (Part 2) - Ep. 991
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2025 was a year of mixed outcomes for crypto. The industry got landmark stablecoin regulations in the U.S. but with a major limitation. Bitcoin soared to new all-time highs but failed to surge to heights many expected and is set to end the year flat.
In this final installment of Unchained's year in review show, Ambient Finance founder Doug Colkitt and Gwart take a look back at the passing of the GENIUS Act, Bitcoin's all-time high run and the “10/10” crash.
Plus, did “threadguy's” tax woes trigger Zcash's run? And is Nic Carter overreacting about the quantum computing threat to Bitcoin?
Guests:
Doug Colkitt, Co-founder of Fogo and Ambient Finance
Gwart, Host of The Gwart Show
Links:
Unchained:
Who Are the Winners and Losers of the New Stablecoin Law in the U.S.?
Pump.fun Becomes Third Largest ICO, Raises $600M in 12 Minutes
Stripe and Paradigm Announce New Layer 1 Blockchain ’Tempo’
Stablecoin Issuers Enter Bidding War to Launch Hyperliquid’s USDH
Coinbase Buys Cobie’s ‘Up Only’ NFT and Echo in $375 Million Deal
Bitcoin Hits All-Time High Ahead of $125,500
Crypto Markets Recover After Record $19 Billion Liquidation
Why the Black Friday Whale’s $192 Million Crypto Trade Was Legal
Why the Privacy Coins Mania Is Much More Than Price Action
How the x402 Standard Is Enabling AI Agents to Pay Each Other
MegaETH Just Had Its Public Sale. Can It Succeed in Building a Web2-Like Experience?
Can ‘Choose Rich’ Nick Create the Barstool Sports of Crypto?
Do Kwon Sentenced to 15 Years in Prison
Cracking Bitcoin Encryption Is Getting Much Easier, Google Says
Timestamps:
🚀 00:00 Introduction
🫠 00:53 Why GENIUS Act blocking interest payments is problematic
🤔 4:31 Did PUMP launch buybacks too soon?
👀 10:56 Is Stripe fully committed to Tempo?
⁉️ 14:28 Was Hyperliquid's USDH partner “pre-ordained?”
😅 19:38 Is Cobie Coinbase’s best hire yet?
😵💫 27:16 Bitcoin's peak in downtober
❕️ 29:55 What “10/10” says about the crypto industry
🤣 41:13 Did “threadguy's” tax woes trigger Zcash's run?
👀 47:27 Is the AI agent meta a “charade?”
🤺 50:27 What is fueling the bitter rivalry between Kalshi and Polymarket
🤔 56:50 Did “ICOBeast” deserve to lose his MegaETH allocation?
💥 1:00:40 Is “Choose Rich” Nick now mainstream?
🫣 1:02:55 Was Do Kwon's 15 year sentence excessive?
🧐 1:08:54 Is Nic Carter overreacting about the quantum computing threat to Bitcoin?
🔮 1:13:42 Doug and Gwart lock in their 2026 predictions
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