Steven Ehrlich

Pennsylvania

Executive Editor at Unchained

Director of Research @ForbesCrypto | Fmr @krakenfx @Citi, @BoozAllen, US Dept of Defense | @columbiaSIPA @teppercmu #flyeaglesfly #ringthebell, 10/10 #RoomRater

Articles

Will Mantra Founder Try to Recover His 150 Million OM?

2 days ago | unchainedcrypto.com | Steven Ehrlich

Mantra founder and CEO John Patrick Mullin is working hard to try and win back the faith and confidence of the Mantra community after the OM tokens suddenly dropped 91.7% in a single day on April 13. On that day the token dropped from $6.31 to $0.52, erasing $5.63 billion in value.
How Trump's Tariffs Could Affect U.S. Bitcoin Miners

6 days ago | unchainedcrypto.com | Steven Ehrlich

President Donald Trump said at a 2024 campaign event that he wanted all remaining bitcoin, about 1.15 million units out of the original 21 million supply, to be mined in America. While this pledge was impractical, as well as counterproductive to Bitcoin’s decentralized ethos, the message was clear: the U.S. was going all in on bitcoin mining. Fast forward to April 2025 and this pledge seems downright silly.
Mantra OM Token Crashes 90%, CZ Denies DOJ Deal Against Justin Sun, Bitcoin Trades Flat Amid Policy Swings, CryptoPunk Whale Jailed, Tokenized Treasuries Defy Market Turmoil

1 week ago | unchainedcrypto.beehiiv.com | Steven Ehrlich |Juan Aranovich

We’ve done a couple of livestreams in the past, and we know you loved them — so we’re making it official: Bits + Bips is going live from now on. We also heard your feedback about wanting the episodes released earlier. Well, this is even better! Now you can join us live, as the show is happening. Come hang out with us and be part of the conversation in real time. Tune in today on YouTube or X at 4:30 p.m. ET.
Tokenized T-Bills Grow Despite Trump Tariffs Causing U.S. Treasuries Sell-off

1 week ago | unchainedcrypto.com | Steven Ehrlich

“I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market.
Best cryptos to buy amid tariff market crash

2 weeks ago | unchainedcrypto.com | Steven Ehrlich

Crypto continues to fall with the rest of the market as a result of President Trump’s large and indiscriminate global sanctions announcement last Wednesday. As of this writing bitcoin is down 5.86% since then, and that is after a recovery from a stumble below $75,000 for the first time since the Nov. 5 election. Other large-cap cryptos like ether, solana, and xrp trail the market leader over this time period. Traders are understandably in a panic.
Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe Haven

3 weeks ago | unchainedcrypto.com | Steven Ehrlich

As the global economy anxiously awaits President Trump’s tariff announcements, some traders are already thinking about worst-case scenarios. In today’s climate that means stagflation, a troublesome economic climate defined by high inflation and low growth. “Tariffs are a stagflationary shock to the economy. They reduce growth and raise inflation,” says Zach Pandl, head of research at digital asset manager Grayscale and a former senior economist at Goldman Sachs.
Radical Proposal in Trump's World Could Hurt Stablecoins, but Boost Bitcoin

3 weeks ago | unchainedcrypto.com | Steven Ehrlich

One of President Trump’s signature economic policies, aside from tariffs, is the promotion of a weak U.S. dollar. He believes that a weaker dollar can promote economic growth by making it cheaper to borrow money and lower the price for U.S. exports around the world. But unlike tariffs, which are very much the domain of the president, the executive branch has little control over the price of the dollar.
Hijos de Trump incursionan en la minería de bitcoin junto a Hut 8

3 weeks ago | forbes.com.mx | Nina Bambysheva |Steven Ehrlich

Hut 8 anunció este lunes que se asoció con el hijo del presidente Donald Trump, Eric Trump, para lanzar una empresa de minería de bitcoin llamada American Bitcoin. Hut 8, con sede en Miami, Florida, fusionó la mayoría de sus operaciones de minería para adquirir una participación del 80% en American Data Centers, una empresa formada por un grupo de inversores que incluye a Eric Trump y Donald Trump Jr., y que fue relanzada como American Bitcoin.
Signalgate Reveals Crypto’s Privacy Problem

3 weeks ago | unchainedcrypto.com | Steven Ehrlich

Every once in a while privacy issues come to the forefront of the news cycle. It happened again this week when news broke that senior government officials, including Vice President JD Vance, National Security Advisor Mike Waltz, and Secretary of Defense Pete Hegseth, along with about a dozen others including one national journalist, were included in a private chat on the encrypted Signal messaging application that was used to share detailed attack plans against a terrorist group in Yemen.
Bitcoin Drops as Fed Leaves Rates Unchanged, as Expected

1 month ago | unchainedcrypto.com | Steven Ehrlich

The Federal Reserve left its benchmark interest rate target unchanged at 4.25% to 4.50% as expected Wednesday, as the U.S. central bank navigates a tenuous economic climate. The uncertainty has sent major stock indexes including the S&P 500, Nasdaq 100, and Russell 2000 into correction territory, or worse, in recent weeks. Bitcoin has not been immune, as the $1.68 trillion asset is down 10.82% year-to-date and nearly 20% from its all-time high above $108,000 in late January.