Afleveringen
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In this episode, we discuss Bitcoinâs breakout to a new all-time high and the factors driving it, including public companies like MicroStrategy, RIOT, and Semler continuing to stack BTC on their balance sheets. BlackRockâs recommendation of a 2% Bitcoin allocation further underscores growing institutional confidence in BTC as do conversations around global Bitcoin strategic reserves progressing in the U.S., Russia, and France. We also gather onchain insights into BTC active supply, with 4.1M BTC moving onchain in the last six months.Onchain developments include the rise of stablecoin supply, AI agents driving meme token trends, and Lidoâs phased withdrawal of Polygon support. We also spotlight Pudgy Penguins' momentum and token launch with PENGU.
On the macro side, we preview the upcoming Fed meeting and its potential market impact. Finally, David provides an overview of Coinbaseâs crypto outlook for 2025, offering a forward-looking perspective on the year ahead.Topics Covered:
Market: BTCâs all-time high, institutional moves, and BlackRockâs 2% allocation call.Strategic Reserves: Bitcoin reserve discussions across the U.S., Russia, and France.Onchain: Stablecoin growth, AI-driven memes, Pudgy Penguins' token launch, and Lidoâs Polygon phase-out.Supply Trends: BTC active supply analysis and market implications.Macro: Fed meeting preview and its impact on markets.Outlook: Coinbaseâs 2025 crypto market forecast.Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Joshua Pak, CES Salestrader -
In this episode, we break down a turbulent week in crypto markets, starting with a wave of liquidations driven by recent volatility. We explore ETF flows, contrasting ETH and BTC trends, and analyze the resilience of CME basis despite normalized funding rates.
Corporate treasury expansion takes center stage as we highlight significant Bitcoin acquisitions by MicroStrategy, MARA Holdings, and others.
On the regulatory front, David Sacks' new appointment sparks debate on crypto policy direction. Onchain developments include Googleâs intriguing Willow project, the UKâs blocking of Pumpâs frontend, and Pudgy Penguins' rise as a top NFT collection. Plus, Flokiâs debut debit card marks another milestone in crypto adoption.
We also review the macro outlook, previewing the upcoming CPI release and its potential ripple effects on the market.Topics Covered:
Market: Liquidations, ETF updates, and CME basis trends.Client Conversations: Strategic positioning, rotation, and profit-taking.Bitcoin Miners & Treasuries: Bold moves by MARA and MicroStrategy.Macro & Regulation: CPI preview and shifting Fed leadership dynamics.Onchain Trends: Googleâs qubits, NFT reshuffles, and token launches.Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Georg Toropov, Senior CES Sales Trader -
Zijn er afleveringen die ontbreken?
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Join us for an interview with Cindy Leow, co-founder of Drift, as she shares the inside scoop on their Solana-based decentralized exchange thatâs making waves with its 50x leverage perpetual futures trading and BET prediction market. In markets, Greg Sutton talks about the consolidation of assets like BTC, ETH and SOL over the last week, as well as the major disruptions happening on South Korean crypto exchanges after the countryâs declaration of martial law (since blocked by the national assembly). We then explore the rise of AI agents with David Han, who also discusses the massive airdrop from DeFi protocol Hyperliquid.
Host:
David Duong, Head of Institutional ResearchPanelists:
David Han, Research AnalystGreg Sutton, CES Sales TraderDonât miss this episode packed with market analysis, macro insights, and cutting-edge onchain trends.
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In this episode, we delve into Bitcoin's march toward $100K, analyzing market flows, technical drivers, and ETF developments, including the impact of 13F filings and the launch of ETF options. We also spotlight the strength in XRP tied to ETF applications and discuss key macro shifts, including Trump's Cabinet picks, Gary Gensler's exit from the SEC, and what it all means for crypto. David Duong covers the upcoming Fed meeting and its implications, while David Han provides an onchain update on long-term Bitcoin holders and the rise of meme tokens.
Donât miss this episode packed with market analysis, macro insights, and cutting-edge onchain trends.
Topics Covered:
Market Update: BTC's rally, ETF flows, 13F surprises, and XRPâs surge.Macro Shifts: Fed meeting preview, Trump's crypto impact, and regulatory updates in the U.S. and U.K.Onchain Update: Insights into BTC holders' strategies and meme innovation.Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional ResearchDavid Han, Research AnalystGreg Sutton, CES Sales Trader -
In this episode, we analyze the latest crypto market trends, highlighting BTCâs rally, standout tokens like SOL and XRP, and increased corporate adoption. Joe Flanagan, Co-Founder of Maple Finance, joins us to discuss the platformâs transition to secured lending, expansion into new borrower sectors, and the introduction of their governance token, SYRUP. We also explore the launch of IBIT options, examining how they could enhance liquidity, improve risk management, and offer strategic flexibility for investors. Donât miss this episode packed with market updates, institutional trends, and deep dives into DeFi innovation.
Topics Covered:
Market Update: BTC and altcoin movements, corporate BTC adoption, and ETF flows.Maple Finance Insights: Its transition to secured lending, its long-term plans for expansion, and its SYRUP token launch.IBIT Options: Implications for liquidity, risk management, and portfolio strategies.Host:
Ben Floyd, Head of Execution ServicesSpecial Guest:
Joe Flanagan, Co-Founder and Executive Chairman of Maple FinancePanelists:
David Duong, Head of Institutional Research
David Han, Research Analyst -
In this episode, we dive into the major market movers, examining shifts in onchain BTC activity as long-term holders start to potentially position to take profits and funding rates hit extreme levels. Rachel Ziv provides the latest insights on the Coinbase financing business, including current trends in the fluctuating cost of capital. Special guest John DâAgostino, Senior Adviser to Coinbase, introduces the Coin50 Index, explaining its methodology, potential impacts, and its future role in shaping crypto portfolio strategies. David Duong delivers a macroeconomic update covering CPI, retail sales, and insights into what the Fed may do next. Onchain specialist David Han provides a breakdown of Beam Chain, as highlighted by the Ethereum Foundationâs Justin Drake, along with the latest from the Base ecosystem. Donât miss this packed episode full of expert analyses, innovative tools, and essential market data.
**Host:**
Ben Floyd, Head of Execution ServicesSpecial Guests
John DâAgostino, Senior Adviser
Rachel Ziv, Senior Financing TraderPanelists
David Duong, Head of Institutional Research
David Han, Research Analyst -
Trumpâs victory in the 2024 US presidential election has been a significant catalyst for the crypto market in recent days. Following the election results, bitcoin reached a new all-time high exceeding $75,000, along with substantial gains in other cryptocurrencies such as ETH, SOL, and DOGE. This surge is attributed to bullish market sentiment and re-risking by traders. Moreover, the election has led to a more crypto-friendly Congress, enhancing optimism around regulatory clarity. In this podcast, Ben Floyd, David Duong, Greg Sutton and David Han discuss some of the regulatory and policy implications of a Trump presidency. They also talk about the Federal Reserve decision, the Ethereum Foundationâs report, Solana trading ecosystem profits, and the recent spike in stablecoin supply.
**Host:**
Ben Floyd, Head of Execution Services**Panelists:**
David Duong, Head of Institutional Research
David Han, Research Analyst
Greg Sutton, CES Sales TraderDonât forget to like and subscribe.Links:
Stand with CryptoReflections on the election through a crypto lensCoinbase Research -
In this episode, we kick off with an exclusive interview featuring Coinbaseâs Head of US Policy Kara Calvert about how the upcoming election could reshape the crypto regulatory landscape. Donât miss her outlook on the future of crypto policy under different political scenarios.
Our expert panel also breaks down bitcoinâs latest price movements, US spot ETF inflows, and the shifting dynamics between ETH and SOL. David Duong walks us through a busy earnings season, focusing on major market movers like Apple, Google and Microsoft, while highlighting key macro drivers. David Han wraps up the episode with an analysis of the rising traction in Solana and Base DEX volumes.
**Special Interview with Kara Calvert:**
- How crypto regulation might unfold under Trump vs Harris.
- The possibility of leadership changes at different executive agencies.
- The shape of crypto policy over the next two years.**Market Update with Joshua Pak:**
- CME open interest trends, spot bitcoin ETF inflows, and trading desk flows.
- Unlock updates and the divergence between ETH and SOL.
- Onchain revenue trends and correlations to BTC.**Macro Insights with David Duong:**
- Earnings updates: Apple, Microsoft, Amazon, Google, and Metaâimpacting nearly a quarter of the S&P 500.
- Key economic indicators: Non-farm payrolls and JOLTs report insights.**Onchain Section with David Han:**
- Blobs developments & Pectra upgrade
- Traction update on Farcaster.
- Solana DEX volumes up +19% WoW and Base DEX growth at +15% WoW.**Host:**
Ben Floyd, Head of Execution Services**Panelists:**
David Duong, Head of Institutional Research
David Han, Research Analyst
Joshua Pak, CES Sales TraderLinks:
Stand with CryptoQ4 Guide to Crypto MarketsCoinbase Research -
In this episode, our expert panel explores the latest market trends, including CME fund flows, Bitcoin ETF inflows, and altcoin performance. We dive into Stripeâs strategic acquisition of Bridge, election positioning in crypto markets, and Fed Governor Christopher Wallerâs positive comments on DeFiâs potential role alongside centralized finance. Stay tuned for insights on token governance, onchain updates, and the rise of a new memecoin sensation.
Topics Covered:
Market Update: Record open interest at CME, $2B Bitcoin ETF inflows, and altcoin market dynamics.Election Positioning: A look at funding rates, option skew and a discussion on how traders are preparing for election outcomes.Regulatory Updates: The SECâs approval for more Bitcoin ETF options and its impact on market sentiment.Stripe Acquires Bridge: Analysis of what this acquisition means for crypto adoption and why it fits into Stripeâs strategy.Polymarket Odds: Current election odds, questions of market manipulation, and implications for crypto trading.Macro Insights: Fed Governor Wallerâs remarks on DeFiâs complementary role, plus key macro indicators like next weekâs JOLTS and NFP reports.Onchain Trends: Updates on the Pectra upgrade, Scrollâs launch, and governance developments across Maker, Uniswap, and ENS.Memecoin Spotlight: The meteoric rise of a new GOAT memecoin, now valued at $400 million.Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Greg Sutton, Senior CES Sales TraderLinks:
Q4 Guide to Crypto Markets
Coinbase Research -
In this episode, our expert panel dives into the BTC rally (testing the critical $68k mark) and the strong inflows into US spot BTC ETFs. We also explore key developments such as the Unichain announcement (from Uniswap), the growth of Base across multiple metrics, and the Coinbase Q4 Guide to Crypto Markets report.
Topics Covered:
BTC ETF Inflows: How BTCâs rally is influenced by ETF demand.Unlocks: Breaking down unlocks including TIA and EIGEN, and their potential market impact.Financing Market Trends: Zaid examines shifts in perpetual futures markets, funding rates, CME basis, liquidations, and other signs of leverage re-entering the market.CME & DeFi Funding: Exploring CME basis changes and funding rates in CeFi and DeFi sectors.Uniswap announces Unichain: What it is and what this means for liquidity migration and token-holder value.Q4 Crypto Report Highlights: Key takeaways on stablecoins, Ethereum, and Bitcoin L2s, and standout charts from our partners.Macro Insights: Chinaâs stimulus effects, US earnings, and Polymarket election oddsâ market impact.Onchain Trends: Base growth in TVL, DEX, and stablecoin volumes.Gaming Spotlight: âOff the Gridâ (using Avalanche subnet) tops Epic Game Store charts.Be sure to like, subscribe, and check out the teamâs research for more insights.
Host: Ben Floyd, Head of Execution Services
Panelists:
David Duong, Head of Institutional ResearchDavid Han, Research AnalystGeorg Toropov, CES SalestraderZaid Khan, Senior Prime Financing Sales TraderLinks:
Q4 Guide to Crypto MarketsCoinbase Research -
In this episode, our panel unpacks key updates including the anticipated FTX repayment schedule and the latest regulatory developments, while also discussing broader macroeconomic trends.
Topics Covered:
Risk Overview: Josh starts by providing analysis of the current risk picture, focusing on perp funding rates, basis, volumes, and institutional interest in the market.FTX Repayments: A detailed look at the FTX repayment timeline, and what impact that could have on the market.Macro Overview: David Duong recaps key macro themes, including last weekâs NFP data, the upcoming inflation report, and the diminishing effects of Chinaâs stimulus on global markets. He also talks through what he thinks the market will focus on next.Onchain Insights: David Han discusses high ETH transaction fees, increased onchain DEX volumes (centered on ETH and SUI), and updates on EIP 7782.Make sure to like, subscribe, and check out the teamâs research in the show notes for deeper insights into these developments!
Host: Ben Floyd, Head of Execution Services
Panelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Joshua Pak, CES SalestraderLinks: Coinbase Research
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In this episode, we explore the latest movements in the crypto market, including Kamala Harrisâ recent mention of digital assets and its potential impact on regulation. Our expert panel breaks down the dynamics driving ETF flows, funding rates, and key macro trends influencing the market.
Market Overview: Georg Toropov kicks off with a comprehensive market update, highlighting ETF flows, funding rates, and the major movers shaping today's crypto landscape.Kamala Harris & Digital Assets: We discuss Kamala Harrisâ recent mention of digital assets and and the potential regulatory implications for the crypto space.Flows & Unlocks: Georg provides insights into hedge fund activity and key upcoming token unlocks, including SUI, ZETA, and TIA.Mt. Gox Distribution: David Duong updates us on the timeline for the Mt. Gox distribution, with ~45k BTC still to be released and uncertainty surrounding the exact timing.Macro Outlook: David Duong gives a detailed macroeconomic analysis, covering Middle East tensions, the Fedâs hawkish stance, and important economic indicators like JOLTS and the upcoming non-farm payrolls report.Onchain Update: David Han wraps up with an onchain update, covering the rise in ETH fees, an overall increase in onchain activity, and the EigenLayer token unlock.
Topics Covered:Make sure to like, subscribe, and check out the teamâs research in the show notes for deeper insights into these developments!
Host: Ben Floyd
Panelists:
David Duong, Head of Institutional Research
Georg Toropov, Senior CES Trader
David Han, Research AnalystLinks: Coinbase Research
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In this episode, we welcome Ralph Achacoso, CIO of Factor6 Capital, to dive deep into the intersection of Bitcoin mining and AI, discuss takeaways from Token49, and explore broader market movements and trends in the digital asset space. Our panel covers everything from ETF flows and funding rates to the potential launch of IBIT options, offering an insightful and timely discussion for crypto investors.
Topics Covered:
Market Overview: We kick off with a quick market update, covering ETF flows, funding rates, and key movers shaping the market.BTC Miners and AI Integration: We explore how BTC miners are engaging with AI, as well as the challenges and barriers of AI implementation in mining.AI x Crypto: Ralph shares how he thinks about AI x Crypto and where value could accrue.IBIT Options Overview: The panel discusses the potential launch of IBIT options, comparing them with the BITO options available today, and Ralph provides his expert perspective.Token 49 Rundown: David Duong gives a detailed breakdown of Token 49 discussions, highlighting key takeaways and what to watch out for.Macro Outlook: With recent Fed actions, David Duong provides a broader market outlook and what investors should expect moving forward.Onchain Developments: David Han wraps up with a look at the latest onchain activity, including developments around Ethereum's Pectra upgrade and Wrapped Bitcoin.Make sure to like, subscribe, and check out the links to our research in the show notes for deeper insights.
Host: Ben Floyd, Head of Execution Services
Guest: Ralph Achacoso, CIO of Factor6 CapitalPanelists:
David Duong, Head of Institutional Research
Greg Sutton, Senior CES Trader
David Han, Research Analyst
Links: Coinbase Research -
In this episode, we sit down with Jim Hiltner, co-founder of Superstate, to explore the cutting-edge intersection of traditional finance and decentralized finance. Jim provides insights into the founding of Superstate, the company's long-term vision, and an in-depth overview of their innovative products, including USCC, their carry product. We delve into the nuances of market behavior, such as why term futures can be positive when perpetuals are negative, and discuss who their clients are, how they navigate regulatory challenges, and the exciting opportunities they see on the horizon.
1:00 Basis and funding rate updates
Interview Highlights:
3:30 Superstate's Origins and Vision: Jim shares the story behind founding Superstate and the company's long-term goals in the evolving financial landscape.
7:50 Product Overview: A detailed look at Superstate's product offerings, with a special focus on USCC.
18:40 Market Mechanics: Exploring why term futures can sometimes be positive when perpetual futures are negative, and what this means for their clients.
23:00 Regulatory Strategy: How Superstate approaches regulation today and anticipates future changes.
27:00 Technology and Future Opportunities: An inside look at Superstate's tech stack and where they see the next big opportunities in the market.
Market Color:
34:41 13F Filings Summary: A review of the latest 13F filings and the rise in investment advisors.
38:07 ETF Updates: The latest flows in the Bitcoin and Ethereum ETFs.
39:10 BTC Mining & AI: Updates on the Bitcoin mining sector and the integration of AI.
Political Climate Update:
41:30 DNC Insights: An update on the current political landscape and its implications for the crypto industry.
Macro Update:
42:20 Jackson Hole & Fed Minutes:insights: What to look out for from Jackson Hole and in the Fed Minutes
44:02 Rate Cut Expectations: A discussion on the evolving expectations for rate cuts.
Onchain Developments:
44:32 MKR wBTC Vote: Updates on the MakerDAO wBTC vote.
46:15 Eigenlayer Updates: Thoughts on the two recent developments from the Eigenlayer project.
This episode is packed with expert insights, timely updates, and strategic discussions essential for anyone navigating the rapidly evolving world of digital assets. Whether you're an investor, a market enthusiast, or simply interested in the latest trends in DeFi, this conversation with Jim Hintner and our expert panel offers valuable knowledge to keep you informed and ahead of the curve.
Subscribe and stay informed: Donât miss out on our continued deep dives into cryptocurrency trends, market dynamics, and pivotal developments influencing the global markets.
Special Guest:
Jim Hiltner, Co-Founder & Head of BD, Superstate
Host:
Ben Floyd, Head of Execution Services
Panelists:
David Duong, CFA - Head of Institutional Research
Greg Sutton, Senior CES Trader
David Han, Research Analyst
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Melanee Hannock, the Chief Digital and Innovation Officer of ALSAC St. Jude Childrenâs Research Hospital, shares her background in marketing and technology and how she helped pioneer St. Judeâs acceptance of cryptocurrency donations. St. Jude first started accepting crypto as a way to tap into an emerging donor demographic and new revenue stream. Hannock discusses the key benefits as well as challenges of accepting crypto as part of their charity efforts. She also looks ahead to the growth in this sector and offers helpful guidance to other non-profits considering crypto philanthropy to support important missions, as blockchain technology becomes more mainstream.
Market Movements:
Later in the episode, we also discuss the latest in crypto markets. Most major coins recovered after last Mondayâs sell-off, with moderate strength in BTC and ETH while altcoins have struggled to gain momentum due to inflationary unlock schedules-- albeit there have been some notable exceptions. Meanwhile, in web3, we discuss the vulnerability patch in Solana and why it got a mixed reaction from the community. Finally, we discuss our new research report on âETH and the Rise of L2s,â where we parse the economics of blockchain scaling and the tradeoffs specific to an L2-focused roadmap.Special Guest:
Melanee Hannock, Chief Digital and Innovation Officer of ALSAC St. Jude Childrenâs Research HospitalHost:
David Duong, CFA - Head of Institutional ResearchPanelists:
Georg Toropov, Senior CES TraderDavid Han, Research Analyst -
Crypto markets are moving in sympathy with other asset classes as concerns over a global recession and rising tensions in the Middle East proliferate. While prices have recovered somewhat, the uncertainty lingers.
Follow our Head of Research David Duong, Senior CES Trader Georg Toropov, Head of Prime Financing Trading Sarah Williamson and Research Analyst David Han as they discuss what happened in markets, the challenges ahead for the Federal Reserve, the current financing situation and what to expect for the rest of 3Q24.
They also look at the plethora of web3 and onchain developments including the latest with Eclipse, Avalanche's partnership with the California DMV, Jupiter's announcement to reduce it's JUP supply and the recent Terra hack.
2:30 Whatâs driving the big market moves
8:25 Market technicals
10:25 Potential Fed response
15:23 Endogenous crypto catalysts
17:50 Financing update, leverage, and margin calls
24:18 Crypto flows
27:00 ETFs
30:40 Onchain updates
36:40 Jupiter cutting token supply
37:54 Ethereum Pectra upgradePlease like and subscribe to our podcast and visit our research portal for more content.
Host: David Duong, CFA - Head of Research
Panel:
Georg Toropov - Senior CES Trader
Sarah Williamson - Head of Prime Financing Trading
David Han - Research Analyst -
In this episode, we have a special guest, Jack Platts, co-founder of Hypersphere, joining us to provide deep insights into the cryptocurrency market. We delve into significant market movements, macroeconomic trends, and key insights from the newly released Q3 Guide to Crypto Markets. Our expert panel, featuring Jack Platts, Greg Sutton, David Duong, and David Han, offers comprehensive analyses and actionable strategies for investors.
(1:05) Interview with Jack Platts:
Background and Career:
Jack shares how his experience at the Web3 Foundation prepared him to launch Hypersphere.
(6:30) Political Climate and Crypto:
Discuss the current US political climate and its impact on crypto, including insights from the event at Mar-a-Lago.
11:40 TON Ecosystem:
Explore the TON ecosystem and its potential.
19:47 Early-Stage Investments:
Insights into writing checks into early-stage Layer 1 deals like Berachain.
28:30 Future Excitement:
What excites Jack the most about the future of crypto.
35:54 Market Movements:
Post-Trump BTC Nashville:
Greg Sutton discusses market movements following Trump's appearance at BTC Nashville.
37:55 ETH ETF Update:
Explore the latest updates on Ethereum ETFs and how large wallet movements are influencing the market.
39:35 Macroeconomic Trends:
Key Economic Indicators:
David Duong and Greg Sutton analyze crucial economic data, including JOLTS and consumer confidence on Tuesday, and significant earnings reports from MSFT, Meta, and the FED on Wednesday, followed by Amazon and Apple on Thursday.
44:10 Onchain Developments:
Governance and Protocol Updates:
David Han delves into recent governance activities on Compound, and the latest updates on AAVEnomics and its safety module.
48:45 Q3 Guide to Crypto Markets:
Report Insights:
David Duong and David Han discuss the changes made from the previous edition of the Guide to Crypto Markets.
Compelling Trends:
Highlight the most compelling or surprising insights from the report and the sectors or assets presenting significant opportunities.
Strategic Adjustments:
Based on the findings in the Q3 Guide, they offer advice on how investors should adjust their strategies to navigate the evolving market landscape.
This episode is packed with expert analyses, timely updates, and strategic insights essential for anyone involved in the cryptocurrency market. Whether you're an investor, a market enthusiast, or simply interested in the latest trends, this discussion provides valuable knowledge to help you stay ahead in the rapidly evolving world of digital assets.
Download the Guide to Crypto Markets Here:
Subscribe and stay informed: Donât miss our continued deep dives into cryptocurrency trends, market dynamics, and pivotal developments influencing the global markets.
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In this comprehensive episode, we delve into the latest developments, from the impact of ETH and BTC ETFs to significant political shifts and long-term catalysts. Our expert panel, including David, Greg, and David Han, provides in-depth analyses and insights into the forces shaping the future of digital assets.
ETH ETFs Performance: David and Greg discuss the trading volume of ETH ETFs so far, the 10% drop in ETHE, and the implications of moving ETHE to mini ETH. They also cover issuer fees and Bitwise's disclosure of ENS addresses for spot Ethereum ETF holdings.(7: 05) BTC ETF Inflows: Greg highlights the significant inflows into BTC ETFs, with IBIT receiving $526 million yesterday alone.
(2:08) ETH and BTC ETF Updates:(10:58) Political Landscape and Predictions:
Biden Drops Out: Our panel discusses the implications of Biden dropping out of the race, Kamala Harris stepping in, and current prediction market trends showing 64% for Trump (down from 70%) and 33% for Kamala.Fairshake Super PAC: Explore how the pro-crypto group Fairshake has become the largest super PAC of the election cycle, raising over $200 million.Trump at Bitcoin 2024: Speculation around Trump's potential announcement to add Bitcoin to US reserves during his speech at Bitcoin 2024 on July 27th.(20:09) Long-Term Crypto Catalysts:
(20:20) Mt Gox Distributions: Greg and David Duong discuss the upcoming ~$3 billion distribution in kind from Mt Gox and its potential market impact.(21:30) FTX Claims Trading: An update on FTX claims trading ~$1.20, the unclear timeline, and hedge funds accumulating positions, now totaling $400 million.Market Flows and Volumes:
Funding and Futures Update: Greg provides insights into general market flows, volumes, and the latest updates on funding and futures.(23:55) Real World Asset Developments:
Private Credit Fund: David Han covers Hamilton Lane's launch of a $920.7 billion private credit fund on Solana and Ethereum, highlighting the integration of real-world assets into blockchain platforms.(25:55) Onchain Activity:
Solana vs. Ethereum DEX Volumes: David Han reports that Solana DEX volumes have recently surpassed Ethereum DEX volumes on a monthly basis.Pump.fun Revenue: Recap of Pump.fun generating $1 million in daily revenue, surpassing MakerDAO.Memecoin Volumes: Analysis of memecoin volumes being more "sticky" than anticipated.This episode offers a thorough exploration of the latest trends, political developments, and long-term catalysts in the cryptocurrency market. Whether you're an investor, a crypto enthusiast, or simply curious about the evolving financial landscape, this discussion provides valuable insights into the strategic movements shaping the future of digital assets.
Subscribe and stay informed: Donât miss out on our continued deep dives into cryptocurrency trends, market dynamics, and pivotal developments influencing the global markets.
Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional ResearchGreg Sutton, Senior CES TraderDavid Han, Research Analyst -
Join us in this episode as we dissect the latest trends and shifts in the cryptocurrency market, along with key political influences and macroeconomic indicators. Our discussion spans from significant market movements to in-depth insights on recent political developments and major cryptocurrency conferences.
Market Outlook:
German Government and Mt. Gox Flows: The team analyzes the impact of the large financial flows from the German government and ongoing Mt. Gox settlements while also discussing the recent positive price movements in the crypto market. ETF Dynamics: Dive into the strong inflows into BTC ETFs with updates on both ETH and SOL ETFs, exploring how these financial products are shaping market behavior.Macro Economic Trends:
Inflation and Interest Rates: Examine the latest data showing a decline in supercore inflation for two consecutive months and how this is shaping expectations for potential rate cuts. Powellâs Testimony: Reflect on the implications of Federal Reserve Chair Jerome Powell's recent testimony, which appeared more lenient towards the possibility of rate cuts, assessing its impact on financial markets.Political Landscape:
Trumpâs Crypto Influence: Speculate on what Donald Trumpâs political actions could mean for the future of cryptocurrency, considering his past statements and potential policies should he re-enter office. JD Vanceâs Crypto Advocacy: Explore the background of JD Vance and his history with cryptocurrency, discussing how his position could influence legislative attitudes towards digital assets.ETHCC Highlights and Sector Insights:
Ethereum and Layer 1 Direction: Gain insights into the strategic direction of Ethereumâs Layer 1 from the latest ETHCC conference. Layer 2 Differentiation and Challenges: Discuss the differentiation among Layer 2 solutions, touching on community fragmentation, interoperability, and the update on consumer applications, which are crucial for the adoption and growth of these technologies.Subscribe and stay informed: Donât miss out on our continued deep dives into the trends, dynamics, and pivotal developments influencing the cryptocurrency markets globally.
Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional Research Joshua Pak, CES Trader David Han, Research Analyst -
Decoding Crypto Dynamics: Market Catalysts and Strategic Insights
Tune into this episode as we dive into the short-term catalysts and strategic insights shaping the cryptocurrency landscape. Our expert panel, featuring David, Sarah, andGeorg unpacks everything from market overhangs to macroeconomic events, providing a comprehensive analysis of the current state of the crypto world.1:45 Key Market Catalysts
- **Overhang Influences:** Explore significant overhangs affecting the market such as the news around Mt. Gox and the German government BTC holdings, including the implications of potential Mt. Gox distribution timelines.
7:45 **Deleveraging Dynamics:**
Sarah provides an in-depth look at the current state of deleveraging across various client types, including insights into orderly margin calls during the recent volatility. Sarah also provides an overview of the portfolio margin system at Coinbase.**FTX Claims and Recovery:**
16:20 **FTX Timeline:**
Georg discusses the timeline for FTX claims and assesses the potential positive outcomes for the market as these claims progress.
18:26 **Macro Economic Trends:**
- **Busy Economic Calendar:** David highlights key recent and upcoming macroeconomic events, including last week's non-farm payroll data, this week's CPI, and insights from multiple Federal Reserve members' speeches.
20:24 **Political and Regulatory Impact:**
- **Political and Legal Considerations:** David continues, delving into the latest political updates that could influence the crypto industry and examines how the Chevron deference might impact rule-making in this space.**Market Pressures and Predictions:**
23:34 **Token Unlocks:**
Georg analyzes the current pressure on the market due to token unlocks and discusses the implications of these events on market dynamics.
26:00 **BTC Supercycle Discussion:**
Georg and David follow up revisiting the concept of a Bitcoin supercycle and its potential impacts on the broader market.
30:10 Monthly Outlook - Advanced Predictive Analysis:**
- **Machine Learning Insights:**
David wraps up with his monthly outlook, discussing what machine learning models are predicting about future crypto market movements, offering a unique analytical perspective to our listeners.
This episode is packed with critical insights and analysis, perfect for anyone interested in understanding the intricate details and broader trends affecting the cryptocurrency market today. Whether you're an investor, trader, or simply crypto-curious, these discussions will provide valuable insights into the strategic movements shaping the future of digital assets.
**Subscribe to stay updated:** Donât miss our deep dives into cryptocurrency trends, market dynamics, and pivotal developments that influence investment and regulatory frameworks around the globe.
Host: Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional Research
Sarah Williamson, Head of Prime Financing Trading
Georg Toropov, Senior CES Trader - Laat meer zien
