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Welcome to The Chopping Block \u2013 where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and chop it up about the latest news. This week, the gang is joined by Shuyao, cofounder of MegaETH Labs and founder of hotpot DAO.\xa0\nThey dive into the unfolding drama surrounding WBTC and BitGo's strategic shift towards multi-jurisdictional custody in Hong Kong. They also explore the growing buzz around decentralized AI, sparked by Haseeb\u2019s newfound role as an \u201cinfluencer\u201d in the space, and debate whether these projects can truly succeed.\xa0\nMoreover, with the SEC reportedly issuing subpoenas to crypto VCs, the discussion turns to the potential implications for token investments and regulatory scrutiny.\nLastly, is this cycle lacking a zero-to-one innovation?\nShow highlights:\xa0\n\n\u27a1\ufe0f 02:22 What MegaETH is and how hotpot DAO was born\n\n\u27a1\ufe0f 07:09 Reflections on the Science Blockchain Conference and its academic rebranding across major universities\n\n\u27a1\ufe0f 16:55 How Haseeb became an \u201cinfluencer for decentralized AI\u201d and whether decentralized AI projects will succeed\n\n\u27a1\ufe0f 25:45 What BitGo's move to multi-jurisdictional custody with Justin Sun-linked company BitGlobal in Hong Kong means for the future of WBTC\n\n\u27a1\ufe0f 40:33 What the SEC's rumored subpoenas to crypto VCs might mean for the future of token investments and underwriter laws\n\n\u27a1\ufe0f 48:28 How the current crypto cycle's lack of a "0 to 1" innovation reflects the industry's momentum and sentiment\n\nHosts\n\n\nHaseeb Qureshi, managing partner at Dragonfly\xa0\n\n\nTom Schmidt, general partner at Dragonfly\xa0\n\n\nTarun Chitra, managing partner at Robot Ventures\n\nGuest:\n\nShuyao, cofounder of MegaETH Labs and founder of hotpot DAO\nDisclosures\nLearn more about your ad choices. Visit megaphone.fm/adchoices