Episodes
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Join Matt and Nick as they discuss the recent crypto market dip, the impact of the U.S. central bank’s latest policy update, MicroStrategy buying more Bitcoin, various altcoin updates, and more.
Key Takeaways
Large entities (e.g. MicroStrategy, Marathon, Hub 8) continue to accumulate Bitcoin (BTC). Expect this source of buy-side demand to continue for the foreseeable future.Speculation is mounting over which altcoin will be next to get a spot ETF approval in the U.S. While smaller ETF issuers will keep applying for various altcoin ETFs, it’s hard to get too excited without BlackRock doing the same.This week’s altcoin news featured Avalanche (AVAX), Pengu (PENGU), Uniswap (UNI), Hyperliquid (HYPE) and others.Timestamps:
00:00 Intro & market update
02:55 Crypto investment product flows
04:30 More BTC demand side buying
07:30 FTX distributions
09:20 German bank building an L2
12:00 Will we see a wave of ETFs next year?
15:10 Altcoins news (AVAX, ENS, UNI & PENGU)
22:05 Altcoins news (Alternative L1s & Open Sea)
30:00 Over & under-appreciated -
Join Matt and Nick as they discuss Bitcoin at fresh all-time highs, Electric Capital’s annual developer report and AMP buying Bitcoin. They also discuss various altcoin updates from NEAR Protocol (NEAR), Avalanche (AVAX) and others.
Key Takeaways
Bitcoin (BTC) hit an all-time high, partially due to continued buying from MicroStrategy, which officially entered the heavily traded Nasdaq 100 index.AMP invested $27M AUD worth of BTC, making it the first major superannuation fund to buy into an asset class that has previously been shunned by big fund managers.Electric Capital’s annual developer report showed strong growth in Solana’s developer ecosystem, while the number of developers fell by 7% compared to a year ago.The past week featured various altcoins updates, including projects such as Ethena (ENA), Jupiter (JUP), Ethena (ENA) and Avalanche (AVAX).Timestamps:
00:00 Intro & market update
03:15 ETH ETFs show sign of life
04:35 Bitcoin treasury votes and strategic reserves
06:00 2024 Electric Capital Developer Report
11:25 Should crypto be concerned over quantum computing breakthroughs
16:30 MicroStrategy enters Nasdaq 100
18:45 AMP becomes first Aussie super fund to invest in crypto
21:20 Trump-associated World Liberty Financial buys ETH tokens
24:00 Altcoin news (Pump.Fun, Near, Jupiter, Avalanche, Ethena)
31:40 What to look forward to this week
32:50 Over & under-appreciated
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Missing episodes?
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Join Matt and Nick as they discuss Bitcoin's historic rise above $100,000 and the potential for a strategic Bitcoin reserve in the U.S. They also touch on the resurgence of older cryptocurrencies, President-elect Donald Trump’s latest pro-crypto appointments, and more.
Key Takeaways
Bitcoin (BTC) surpassed $100,000 for the first time, a significant milestone for the leading cryptocurrency.Older cryptocurrencies, or 'dino coins', are seeing renewed interest.Whether the U.S. government establishes a strategic BTC reserve remains the most important variable affecting the rest of this bull market.President-elect Donald Trump continued to make pro-crypto appointments last week by way of Paul Atkins and David Sachs. Atkins will be chair of the SEC and Sachs will be the White House A.I. & Crypto Czar. -
Join Matt and Nick as they discuss the recent fluctuations in the crypto market, focusing on Bitcoin's near approach to $100,000 and the significant rally in altcoins, particularly XRP. They also explore Ethereum's ETF developments, MicroStrategy's continued Bitcoin accumulation, and more.
Key Takeaways
Bitcoin (BTC) failed to surpass $100,000 despite MicroStrategy and Marathon buying more than $2B worth of BTC in recent days.When measured against BTC, altcoins had one of their strongest weeks of the year. The standout performer was XRP, which nearly doubled in value over the past week.The market is every chance to consolidate for at least a few weeks after such an aggressive rally. However, we still believe the market is poised for higher highs in 2025.Hyperliquid (HYPE) executed the largest airdrop to date. At one stage, the median average of the HYPE airdrop was worth $30,000 USD. -
Join Matt and Nick as they discuss Bitcoin hitting fresh all-time highs of nearly $100,000, MicroStrategy buying more BTC, options for Bitcoin ETFs, Aus Crypto Con 2024, Gary Gensler stepping down as SEC chair, spot Solana ETF news, and more.
Key Takeaways
Bitcoin continued to climb, surpassing $99,000 for the first time before retracing to the early $90,000s.MicroStrategy made its largest BTC purchase to date, adding $5.4B worth throughout mid-November. It now holds 386,700 BTC and plans to keep accumulating.SEC Chair Gary Gensler said he would step down on January 20. This was widely celebrated by the industry, given Gensler’s hostility toward crypto in recent years.The launch of Bitcoin ETF options in the U.S. was met with unprecedented interest and volume.Market sentiment is showing some signs of euphoria, reminiscent of previous bull runs, with crypto apps surging up the App Store rankings. -
Join Matt and Nick as they discuss Bitcoin hitting fresh all-time highs, Ethereum Devcon 2024, the Republicans winning both houses, Trump’s plan for a Bitcoin reserve, and more.
Key Takeaways
Bitcoin continued to hit fresh all-time highs last week, surpassing $90,000 for the first time.Ethereum's Devcon showcased important developments for the blockchain's future. Meanwhile, ETH continued to underperform.The Republicans officially completed a ‘red sweep’, taking control of both the U.S. Senate and House of Representatives. Ultimately, this should make it somewhat easier for crypto-friendly laws to pass.Among the other altcoin updates covered: ENS announcing an Ethereum L2 and Maple launching its SYRUP token. -
Join Matt and Nick as they discuss how Donald Trump’s victory in the U.S. election impacts the outlook for Bitcoin (BTC) and the crypto market more broadly.
Bitcoin (BTC) hit an all-time high above $80,000 after Donald Trump convincingly won the U.S. election, an ideal outcome for the crypto market.If the Republicans take out the majority in the House of Representatives, a ‘red sweep’ will be official and markets may climb even higher.The election result has many potential implications for crypto. Among the notable ones are the potential BTC strategic reserve and the probable change in the chair of the U.S. Securities and Exchange Commission (SEC).
Key Takeaways -
Join Nick and Simon as they preview the election in the final hours before voting, discuss Bitcoin’s strength challenging news highs and the impact of more MicroStrategy buying.
Bitcoin fails to break through to a new all-time high.Bitcoin is showing strength with ETF flows, open interest and dominance all approaching highs.Solana continues to stand up as Ethereum struggles.
Key Takeaways -
Join Matt and Nick as they break down payments giant Stripe’s acquisition of Bridge, a stablecoin company. They also talk about Goatseus Maximum (GOAT), Truth Terminal, certain Solana metrics hitting all-time highs, and more.
Key Takeaways
The crypto market slid last week as all eyes remain on the U.S. presidential election. Solana (SOL) was one of the few exceptions to record a weekly gain. Stripe's acquisition of stablecoin company Bridge will be looked back on as one of the highlights of 2024. Not only does it help legitimise the crypto industry, it should help accelerate stablecoin growth.Kraken announced Ink, an Ethereum L2 built on Optimism’s OP Stack. It is expected to go live in early 2025.Among the other altcoin updates covered: growth in Solana’s metrics and Maker’s disappointing rebrand. -
Join Matt and Nick as they discuss Bitcoin's recent surge and Stripe's alleged $1.1B acquisition of stablecoin company Bridge. They also cover a16z's annual report on the state of crypto, the disappointing launch of World Liberty Financial (WLFI), and more.
Key Takeaways
Bitcoin (BTC) hit a three-month high of $69,400 and BTC dominance climbed to its highest level since March 2021 of 58.5%. This latest rally comes as several other traditional assets are posting all-time highs.Payments giant Stripe reportedly acquired stablecoin company Bridge in a $1.1B deal. If true, the acquisition would be the largest in the crypto industry’s history and should fuel further stablecoin growth.a16z crypto published its annual report on the state of crypto, highlighting stablecoin adoption, rising levels of onchain activity, and more.Among the altcoin updates covered: Arbitrum lost its long-held lead as the top Ethereum L2 by total value locked (TVL) and World Liberty Financial’s WLFI token sale disappoints despite its affiliation with Donald Trump and his three sons. -
Join Nick and Simon as they cover Trump-linked World Liberty Financial's massive token sale, Uniswap dropping its Ethereum L2, Unichain, memecoin promoter Murad Mahmudov getting doxxed after his viral ‘memecoin supercycle' presentation and a new crypto game attracts attention from web2 gamers.
Donald Trump’s affiliated cryptocurrency, World Liberty Financial (WLFI), will hold a token sale this week to raise $300M at a valuation of $1.5B.Uniswap, the largest DeFi application, announced Ethereum L2 called Unichain.‘Off The Grid’ debuted to strong interest on the Epic Games Store, making it one of the most successful first-day launches of a crypto game.Memecoin promoter Murad Mahmudov has risen to fame after his viral ‘memecoin supercycle’ presentation, causing onchain sleuths to dox his wallets.
Key Takeaways -
Join Matt and Nick as they discuss the latest developments in the crypto market, Bitcoin’s resilience amid market uncertainty, Swift pushing further into crypto, the ongoing legal battle between the SEC and Ripple Labs, and more. They also discuss one of the biggest insider secrets after a week to forget for EigenLayer (EIGEN) and Celestia (TIA).
Key Takeaways
Crypto encountered increased volatility as uncertainty in the Middle East rose. The market has since rebounded but is ultimately still trading rangebound, with Bitcoin (BTC) now in its eighth straight month between $54K and $72K.ANZ became Australia’s first bank to join Project Guardian, an initiative steered by the Monetary Authority of Singapore (MAS). Watch out for Chainlink’s SmartCon later this month, where other banks and financial institutions may share announcements.Sui (SUI) continues to grow strongly in terms of total value locked (TVL) as more market participants look to take advantage of incentives. It’s clear that Sui has been one of the strongest-performing blockchains of 2024.Celestia (TIA) and EigenLayer (EIGEN) were involved in controversy after awareness spread of people selling their staking rewards, despite them having locked tokens. While TIA and EIGEN were arguably singled out, given this has been happening for years, it what ultimately a good thing that this news surfaced.Among the other altcoin updates covered: Bitwise’s spot XRP ETF application and Sui’s native Ethereum bridge. -
Join Matt and Nick as they discuss how Bitcoin put in its strongest September in over a decade. They also cover U.S. Vice President Kamala Harris’ first comments about blockchain; crypto announcements from Visa and PayPal; altcoins; and more.
Key Takeaways
Bitcoin (BTC) put in its strongest September in over a decade. We now enter Q4, which is BTC’s best quarter based on past performance.BNY Mellon, the world’s largest custody bank, received approval from the U.S. SEC to custody the spot Bitcoin and Ethereum ETFs. It was also granted an exemption from SAB 121, essentially making it commercially viable for BNY Mellon to start offering crypto custody services.U.S. Vice President Kamala Harris said she wants the country to “remain dominant” in blockchain and other emerging technologies. While it is somewhat encouraging to see Harris finally mentioning crypto, we still lack any clear details about her crypto policies would be if she wins November’s election.PayPal and Visa each announced their latest crypto offering, a promising sign for adoption.While FTX distributions are likely to start in Q4, the process will likely extend into 2025. This story is not as bullish as many are making it out to be.Among the altcoin updates covered: Celestia’s $100M funding round, EigenLayer’s EIGEN token becomes transferable, and Ethena’s new stablecoin tied to BlackRock’s BUIDL fund. -
Join Matt and Nick as they break down Token2049 and Solana Breakpoint 2024, two of the largest crypto conferences of the year. They also discuss the latest with World Liberty Financial (WLFI), the upcoming crypto project associated with Donald Trump and the Trump family.
Key Takeaways
The U.S. central bank cut rates for the first time in more than three years. Further cuts are expected by year-end and throughout 2025, ideal conditions for risk-on assets such as crypto.Donald Trump and other Trump family members shared limited information about World Liberty Financial and its WLFI token.Token2049 was likely the largest crypto conference to date. Key themes included DePIN and Crypto x AI.Solana Breakpoint was an overwhelming success. It featured Firedancer development updates, multiple project announcements, and more. Next year’s will be in Abu Dhabi from December 11–13.Among the altcoin updates covered: USDC stablecoin arrives on Sui and Maker officially rebrands to Sky. -
Join Matt and Nick as they break down Trump’s new crypto project, World Liberty Financial, and Japan’s largest energy company expanding into Bitcoin mining. They also discuss certain altcoin updates related to Solana, EigenLayer, Ethereum Name Service, and more.
Key Takeaways
Crypto prices have rebounded, led by BTC. Notably, the ETH/BTC pair hit its lowest level since April 2021.World Liberty Financial, the upcoming DeFi project tied to the Trump family, is gearing up for launch. More details to come this week when Donald Trump appears on an X Space.A subcommittee of the U.S. House Financial Services Committee gathered for a 90-minute hearing devoted to DeFi for the first time. More crypto hearings will take place before the end of the month.Japan continues to adopt crypto and blockchain technology, with recent news highlighted by the country’s largest energy company announcing that it had started mining BTC with excess energy.Coinbase’s launch of cbBTC, a wrapped BTC token, may spur additional growth in the Bitcoin DeFi ecosystem.Among the altcoin updates covered: Solana Breakpoint 2024; Chainlink SmartCon 2024; EIGEN stakedrop; and ENS integrating into PayPal and Venmo. -
Join Matt and Nick as they break down the crypto market sell-off, the state of crypto regulations in the U.S., Wells Fargo’s potential Bitcoin ETF push, and more. They also discuss certain altcoin updates including Arbitrum Stylus and Polygon’s token migration.
Key Takeaways
The crypto market slid amid weakness in stock markets, with ETH temporarily hitting a year-to-date low under $2,200.Last week’s Bitcoin ETF flows totalled -$706M. Net outflows have now occurred for eight straight trading days.Wells Fargo reportedly plans to start actively pitching the spot Bitcoin ETFs to certain clients as of this month. Access to these ETFs should only keep improving over the coming months and years.Qatar announced a comprehensive framework for regulating crypto in a bid to attract global businesses.There are seven altcoin-specific conferences in the next seven weeks: Solana Breakpoint, Cardano Summit, Chainlink SmartCon, Ripple Swell, Stellar Meridian 2024, Cosmoverse, and Avalanche Summit LATAM.Among the altcoin updates covered: Arbitrum Stylus, MATIC to POL token migration, and Ripple USD (RLUSD). -
Join Matt and Nick as they break down August’s market performance, stablecoin supply hitting all-time highs, and the market outlook for September. They also discuss certain altcoins updates including outages for the TON blockchain and MakerDAO’s rebrand.
August was a rough month for crypto—led by BTC (-8.7%), ETH (-22.3%) and SOL (-21.1%)—while major U.S. stock indices managed to record their fourth straight monthly gain.Seasonality indicates that it will be more of the same in September, given it has historically been one of BTC’s worst months.Stablecoin supply hit all-time highs, indicating increased demand to use blockchains.Among the altcoin updates covered: TON struggles with network performance and MakerDAO rebrands to Sky.
Key Takeaways -
Join Matt and Nick as they cover the Federal Reserve's plan to cut rates, the arrest of Telegram’s co-founder and what it means for TON, Marathon becoming a new buyer of Bitcoin (BTC), and more.
Key Takeaways
Crypto rallied after the U.S. central bank all but confirmed it’d cut rates in September. It remains unclear whether the cuts will be 25 basis points or 50 basis points.Telegram’s co-founder and CEO, Pavel Durov, was reportedly arrested by French authorities, crashing the price of TON. While Telegram has not been involved in TON for a few years, the market still treats TON as if it is Telegram’s cryptocurrency. This is unlikely to change any time soon. Therefore, events related to Durov may affect price in the short term.September will feature a number of key events, including the first presidential debate between Trump and Harris (Sep. 10) and the Fed’s rate cut (Sep. 18).Among the altcoin updates covered: Solana ETF application setback and ARB staking vote goes live. -
Join Matt and Nick as they break down crypto’s chaotic week. They also discuss Ethereum vs Solana, the Ethereum ETFs, the SEC vs Ripple Labs court ruling, and more.
Key Takeaways
The market bounced strongly off last week’s lows of less than $50,000 for BTC. For now, it appears the technical reasons for the flash crash have passed.Kamala Harris overtook Donald Trump in U.S. election prediction markets for the first time. This likely contributed to last week’s sell-off, given that a would-be Trump win would likely bolster risk assets.Solana is catching Ethereum across a number of key adoption metrics. There is a strong argument that both can do well in the long term.Among the altcoin updates covered: XRP soars after SEC vs Ripple Labs judgment and Arbitrum to be used by Franklin Templeton. -
Join Matt and Nick as they break down why Bitcoin and the broader cryptocurrency market have sold off heavily, exploring potential reasons such as growing recessionary fears, changing election odds, and the strengthening Japanese yen.
Crypto prices have tumbled amid broader selling of risk-off assets caused by several reasons.These reasons include growing fears of a U.S. recession, a tightening of the election race, and heightened uncertainty surrounding Japan’s economy.Among the altcoin updates covered: Avalanche used by the Californian DMV and Lido’s institutional offering.
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