Uneasy Money: Why Crypto Still Can’t Overcome Its ICO Struggles

Jan 23, 2026

Trove Markets crashed at launch after a hyped ICO, X has pulled the plug on the InfoFi meta and Farcaster has been absorbed.

In this packed Uneasy Money episode, hosts Kain Warwick, Luca Netz and Taylor Monahan delve into how Trove’s crash suggests that crypto’s ICO struggles persist. Kain suggests X’s move to block out InfoFi applications is “bullish” for the platform and the crew explores what’s next for decentralized social media along with the takeaways from Farcaster’s run.

They also discuss the pervasiveness of wallet poisoning scams, why Cosmos is struggling despite its good tech and why Paradex’s rollback suggests that crypto’s “code is law” ethos may be dying out.

Don’t miss out on how Luca nearly got wrapped up in the Trove drama and Taylor’s tips to spot suspicious projects. Plus, why Kain thinks two people building with AI could succeed where Farcaster failed.

You can catch this episode of Uneasy Money here.


Uneasy Money streams from Kain's X every Wednesday at 3pm ET.

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