Episodes
-
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: Don’t 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
-
Missing episodes?
-
Melanee Hannock, the Chief Digital and Innovation Officer of ALSAC St. Jude Children’s Research Hospital, shares her background in marketing and technology and how she helped pioneer St. Jude’s 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 Monday’s 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 “ETH and the Rise of L2s,” 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 Children’s 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 What’s 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: Don’t miss our continued deep dives into cryptocurrency trends, market dynamics, and pivotal developments influencing the global markets.
-
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: Don’t 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. Powell’s 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:
Trump’s Crypto Influence: Speculate on what Donald Trump’s political actions could mean for the future of cryptocurrency, considering his past statements and potential policies should he re-enter office. JD Vance’s 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 Ethereum’s 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: Don’t 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:** Don’t 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 -
This week, we discuss the recent market volatility and price drops associated with the long-awaited liquidation of Mt Gox assets, along with some bitcoin selling by the German government. Our expert panelists Greg Sutton (senior CES trader) and David Han (research analyst) also analyze spot ETH ETF expectations and the potential impact of a launch in early July, given the current low liquidity conditions. Note that while July tends to be a slower month, historically we have seen that it brings positive seasonality trends, at least for bitcoin.
The panelists also touched on the political situation with the US presidential debate taking place on June 27 and the Supreme Court potentially overturning Chevron Deference. Meanwhile, technical updates on Solana (including Blinks, ZK Compression and Magic Blocks) are focused on improving the user experience, while the outperformance of TON has been driven by integration within the Telegram platform demonstrating a shift toward user acquisition over technical debates.Overall the discussion cuts through the noise of macro factors, regulatory developments, and innovation across crypto markets to discuss the implications for institutional investors.
1:10 Mt. Gox distributions
1:55 Perp funding rates & futures markets
6:45 German government sales
9:28 ETH ETF update
13:00 BTC ETF flows
14:30 Election insights
16:00 Token unlocks
20:40 TON update and Telegram integration
24:40 Solana technical updates
28:45 Seasonal BTC trendsHost: David Duong, Head of Institutional Research
Panelists:
Gregory Sutton, Senior CES Trader
David Han, Research Analyst**Subscribe to stay updated** with our deep dives into cryptocurrency trends, market dynamics, and the pivotal developments influencing investment and regulatory frameworks around the globe.
-
The State of Crypto: Expert Insights from the Coinbase & Financial Times Summit
Dive into the highlights of the "State of Crypto Summit," co-hosted by Coinbase and the Financial Times at Casa Cipriani in New York. This special episode features exclusive interviews with leading experts and thought leaders in the cryptocurrency industry who gathered to discuss the current and future landscape of digital assets. Listen as we explore their insights on regulation, institutional adoption, which sectors they're excited about, and predictions for Bitcoin's price trajectory.Summit Highlights and Discussions:
Regulatory Landscape: Delve into expert perspectives on the current regulatory landscape for cryptocurrencies. Understand the challenges and opportunities stemming from recent regulatory developments, and what they might mean for the future.Institutional Adoption: Experts share their experiences and insights on what is driving institutional interest and the obstacles that institutions encounter when adopting these technologies.Exciting Sectors: Discover which sectors within the crypto space are generating the most buzz among summit attendees. Learn about the areas that experts are most optimistic about and why they believe these sectors hold significant potential.Bitcoin Price Predictions: Hear predictions from top analysts and industry leaders about Bitcoin’s price by year-end. Will it surpass the $100k mark? Explore a range of perspectives on the factors that could influence Bitcoin's price movement in the coming months.Why This Matters: This episode offers an in-depth overview of the pivotal discussions and sentiments shared by key figures at one of the most significant crypto gatherings of the year. Whether you're an investor, a crypto enthusiast, or simply curious about the financial landscape, these discussions provide invaluable insights into the strategic movements shaping the future of digital assets.
Subscribe and Stay Informed: Don't miss out on our continued coverage of groundbreaking crypto events. Subscribe to our podcast for more thorough discussions and expert analyses that keep you informed on the rapidly evolving world of digital assets.
Hosts
Ben Floyd - Head of Execution Services
David Duong - Head of Institutional Research -
Global Conference Insights: From Milken to Consensus
Join us for an insightful episode featuring special guest Lauren Abendschein (Global Head of Institutional Sales at Coinbase), as she provides crucial updates from prominent global conferences including Milken, Medici, and Consensus. This discussion delves into the evolving landscapes of these events, comparing dynamics of the current year with previous ones, exploring technological advancements, and analyzing the varied sentiments among different participant groups.
Conference Highlights:
2:30 Milken Conference Reflections: Lauren provides an in-depth comparison of this year’s Milken conference to 2023, highlighting the diverse perspectives among corporates, money managers, and other attendees, particularly in the context of the BTC ETF success and the anticipated ETH ETFs.
7:45 Medici Developments: Explore the progression of the Medici conference over the years, focusing on the shifting emphasis and significant technological strides being made.
11:00 Consensus Key Themes: Unpack the discussions around political and regulatory environments at Consensus, alongside other major trends that have dominated conversations.
Global Sentiments and Variations:
17:15 Cross-Conference Perspectives: Gain insights into the general sentiment across these conferences and how it varies globally, providing a nuanced view of the international crypto landscape.
Political and Social Movements:
20:00 PAC Fundraising and Crypto in Politics: Discuss recent developments in PAC fundraising and President Trump’s initiative to accept BTC payments via the Lightning Network.
26:18 Roaring Kitty’s Reemergence: Georg Toropov offers insights on the comeback of Roaring Kitty and its potential impact on crypto meme coins and the broader market context.
29:36 Core Scientific's New Venture: Explore Core Scientific’s significant new contract worth approximately $290 million per year with an AI company, discussing potential implications for the crypto and tech industries.
Macro Economic Overview by David Duong:
31:02 Economic Indicators: David provides updates on recent weak data indicators such as ISM and JOLTS job data, setting the stage for the upcoming non-farm payrolls and the Federal Reserve meeting next Wednesday.
On-Chain Developments with David Han:
34:50 On-Chain Revenue and Hacks: Highlight the impressive on-chain revenues from platforms like Pump.fun, and discuss the impact of recent disruptions such as Linea’s block production stop following a DeFi hack
41:15 Uniswap and ARB Initiatives: Review the delay in Uniswap’s governance proposal vote and delve into the allocation of 200 million ARB ($250 million) to support gaming initiatives.
This episode offers an extensive overview of the latest developments from global conferences, market trends, economic updates, and on-chain activities. Whether you're an investor, a crypto enthusiast, or simply curious about the financial landscape, this discussion provides valuable insights into the strategic movements shaping the future of digital assets.
Subscribe to stay informed with our in-depth analyses of cryptocurrency trends, market dynamics, and pivotal developments that influence investment and regulatory frameworks worldwide.
Host: Ben Floyd, Head of Coinbase Execution Services
Special Guest: Lauren Abendschein, Global Head of Institutional Sales
Panelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Georg Toropov, Senior CES Trader -
Unpacking the Future of ETFs: Insights on the ETH ETF, Political Dynamics, and Key Market Trends
Description:
Join our expert panel including David Duong, Georg Toropov, David Han, and Rachel Ziv as they explore the complexities and strategic dimensions of the Ethereum ETF and its broader implications for the cryptocurrency market. This episode provides a deep dive into potential trading timelines, demand forecasts, and comparisons with other global ETFs, along with a thorough analysis of the critical dynamics at play in the crypto finance landscape.**ETF Trading and Dynamics:**
2:30 - **Initiation and Expectations:** David Duong breaks down the anticipated timeline and procedural steps for the ETH ETF to begin trading, setting the stage for a transformative shift in crypto investments.
5:20 - **Comparative Analysis:** Georg Toropov examines the potential demand for the ETH ETF and contrasts it with existing products like HK ETFs, Canadian ETFs, and derivatives such as futures and perpetuals, offering a global perspective.
8:00 - **Market Dynamics:** David Han explores the vital market dynamics to watch, including the effects of staked ETH and potential outflows from products like ETHE.**ETH Financing and Market Updates:**
11:40 - **Financing Trends:** Rachel Ziv delves into how leverage trends are evolving in response to ETF approvals, comparing these trends between ETH and the earlier BTC ETF launch.
16:00 - **Staking and Liquidity:** Rachel further discusses the current ETH staking rate, its impact on financing rates, and inventory concerns, shedding light on the liquidity challenges and yield opportunities in the market.**Future ETF Prospects and Political Landscape:**
17:00 - **Next in Line:** David Duong speculates on what other cryptocurrencies might see similar ETF products in the future, considering the evolving regulatory and market conditions.
26:05 - **Cryptocurrency and Politics:** Highlighting the increasing role of cryptocurrencies as a political issue, David references recent statements from political figures and analyzes voter sentiments toward digital assets.
35:07 **Institutional Engagement and Protocol Updates:**
- **Institutional Flows:** Georg Toropov talks about the changes in institutional narratives and flows post the ETH ETF announcement, emphasizing the significance of ETH call skew and open interest increases.
37:15 - **Protocol Developments:** David Han provides updates on forthcoming protocol upgrades and policy changes in networks like Solana and Ethereum, which are crucial for future market strategies.**Market Movements and Economic Indicators:**
30:33 - **Significant Market Movements:** Georg Toropov revisits recent significant market events, including the BTC movements from a Mt. Gox cold wallet and contrasts them with potential payouts from the FTX estate.
43:55 - **Economic Outlook:** The panel wraps up with a discussion on upcoming economic data and token unlocks that market watchers should keep an eye on.This episode is packed with expert analyses and forecasts, crucial for anyone involved in or following the cryptocurrency markets. From investors and market analysts to crypto enthusiasts, these discussions provide essential insights into the rapidly evolving landscape of digital assets and the strategic movements shaping their future.
**Subscribe to stay updated** with our deep dives into cryptocurrency trends, market dynamics, and the pivotal developments influencing investment and regulatory frameworks around the globe.
Host: Ben Floyd, Head of Coinbase Execution ServicesPanelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Georg Toropov, Senior CES Trader
Rachel Ziv, Senior Financing Sales TraderLinks:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
Dive into this week's episode as we explore the exhilarating surge in Ethereum prices and the broader implications of the anticipated ETH ETF approvals. This discussion will not only cover market dynamics but also address critical onchain developments and legislative updates poised to reshape the cryptocurrency landscape.
ETH ETF and Market Dynamics (2:04):
Market Surge: Analyze the recent remarkable upticks, with ETH up by 20% alongside a general rally in meme coins by 10-30%.
Record Futures Interest: Discuss Ether futures reaching a record open interest of $14 billion and what this signifies for market sentiment.
Betting on Approval: Review how Polymarket odds have shifted to a 70% likelihood of ETF approval, reflecting increased market optimism.
Deep Dive into ETH ETF Queries (05:24):
Simultaneous Approvals: Address whether all pending ETH ETF applications might be approved concurrently and the implications of such a scenario.
Trading Dynamics: Consider how ETH might trade leading up to and following potential ETF approval.
Key Dates: Highlight important dates to watch concerning ETF approval and how these could impact market movements.
Legislative Influences (13:30): Examine how legislative developments, including the SAB21 and the FIT Act House Vote, are crucial to the crypto environment in the upcoming weeks.
Onchain Innovations:
New Protocols (22:45): Unpack the details of ERC-7683 by Uniswap Labs and Across, exploring how this standard could shape the approach towards cross-chain interactions.
Optimism’s Fraud Proofs (25:02): Discuss the launch of fraud proofs by Optimism chain and their potential to enhance security and trust within the network.
Tune in to gain a comprehensive understanding of the current state of the Ethereum market and the exciting onchain developments that continue to push the boundaries of what's possible in crypto. Whether you're an investor, a crypto enthusiast, or a newcomer, this episode will equip you with the insights needed to navigate the evolving digital asset scene.
Links:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
Is cryptocurrency the next logical evolution of the monetary system? In Evolving Money, to explore whether we're at an inflection point, we'll look back at moments in the history of money when how we paid for things and stored value long-term changed for the better. Subscribe to Evolving Money, a new podcast from Coinbase and Bloomberg Media Studios, today.
-
Join us for an exclusive deep dive into the Ethena protocol with its founder, Guy Young. This episode provides an in-depth look at the mechanics, vision, and future plans of Ethena, alongside key updates from the wider cryptocurrency and blockchain space.
In-Depth Conversation with Guy Young:
Introduction to Ethena: Learn about Guy Young, his background, and the inception of Ethena.Yield Mechanisms Explained: Guy explains how Ethena generates its yield and the innovative financial mechanisms behind it.Backend Operations: Unpack the technical workings of Ethena, providing clarity on how the protocol operates behind the scenes.Vision and Exchange Layer: Explore Guy's vision for building a network and exchange layer around USDe, aiming to enhance crypto's usability and accessibility.2024 Roadmap: Dive into the strategic plans and key milestones Ethena aims to achieve in the coming year.Founder's Insights: What challenges and concerns keep Guy up at night? An honest look at the hurdles and worries facing the leader of a growing crypto protocol.Additional Crypto Updates:
EIP-7702 Overview: An overview of Vitalik Buterin’s draft EIP-7702, discussing its implications and potential impact on the Ethereum ecosystem.BTC & ETH ETF Updates: Get the latest on BTC ETF flows and the recent developments regarding Ethereum’s regulatory approval, plus insights into Polymarket's recent fundraising efforts.Market Catalysts: Preview the important upcoming economic events, including CPI data and 13F filings, and discuss their anticipated effects on the crypto market.This episode offers a unique perspective into one of the most intriguing new projects in the blockchain space, combined with expert analysis on current trends and upcoming market catalysts. Whether you're an investor, enthusiast, or industry professional, this dialogue with Guy Young will provide valuable insights into Ethena's potential and the broader digital asset landscape.
Make sure to subscribe for more detailed discussions and expert analyses that keep you informed about the rapidly evolving world of digital assets.
Links:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
Join us for an insightful conversation with Dadi Kristjansson, where we explore his bullish stance on BTC, preference for SOL over ETH, and other critical updates shaping the cryptocurrency market. This episode delves into technical analysis, regulatory landscapes, macroeconomic factors, onchain developments, and the latest in ETF trends.
Conversation with Dadi Kristjansson (01:34)
Crypto Preferences: Discover why Dadi is long on BTC, bullish SOL and a little concerned for ETH, providing an in-depth analysis of his investment strategy.
Market Update (21:46)
Technical Analysis: Unpack the key technical levels to watch in the current market.
Collateral Integration: Discuss Bybit’s recent move to integrate Ethena Labs' USDe as a collateral asset.
Regulatory Landscape: Analyze the mixed signals from regulators and what these could mean for the crypto market.
Macro Economic Insights (24:16)
Federal Meeting and Economic Data Update: Recap the outcomes of Wednesday's Fed meeting and the implications for the financial markets.
Key Economic Data: Look ahead to the CPI release on the 15th and Nvidia’s earnings on the 22nd, and their potential impacts on the market.
Onchain Developments (34:20)
Aave's Innovations: Explore the latest announcements from Aave, including the announcement of Aave V4 and the Aave 2030 vision.
Ethereum Gas Fees: Examine how Ethereum’s low gas fees are affecting the ETH burn rate, driving it to a yearly low.
ETF Updates (28:30)
ETF Flow : Review the recent inflows into GBTC and their significance.
Hong Kong ETF Dynamics: Provide an update on the performance and reception of ETFs in Hong Kong’s market.
This episode offers a comprehensive overview of the current state and future directions of the cryptocurrency market. Whether you’re deeply embedded in the crypto space or just keeping an eye on investments, these insights are crucial for navigating today's volatile market.
Make sure to subscribe for more detailed discussions and expert analyses that keep you informed about the rapidly evolving world of digital assets.
Links:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
Tune into this episode for an in-depth analysis of pivotal developments reshaping the cryptocurrency landscape. We cover a range of significant topics, from the launch of ETFs in Hong Kong to the intricacies of the EigenLayer airdrop, comprehensive updates on upcoming token unlocks, and critical macroeconomic trends.
3:14 Hong Kong ETF Launch:
Initial Performance: Review day one trading volumes and overall market reception of the new Hong Kong ETFs.
Australian Market Outlook: Preview the expected listings by Van Eck Associates Corp. and BetaShares Holdings Pty on the ASX Ltd.
US ETF Trends: Analyze current ETF flows and their implications for the market.
9:50 EigenLayer Airdrop:
EIGEN Token Overview: Explore the functionalities of the EIGEN token as an Intersubjective Work Token and its role in enabling unique blockchain behaviors.
Airdrop Dynamics: Discuss the airdrop's regional exclusivities, the surprising terms regarding token transfer restrictions, and the vesting schedule.
Community Reactions: Address community responses to the airdrop's structure, including the impact on Pendle's market positioning.
16:44 Token Unlocks:
FTX Estate Developments: Detail the process and market impact of the second tranche of locked Solana sales by the FTX estate.
Market Implications: Consider the broader implications of these unlocks on liquidity and market volatility.
23:40 Macro Economic Insights:
Global Economic Indicators: Delve into the upcoming Fed meeting, NFP data, and the current earnings season on the crypto market.
Currency Fluctuations: Evaluate the significance of Yen weakness and a strong dollar on global and crypto-specific financial dynamics.
19:52 Additional Updates:
Coinbase and Lightning Network: Discuss Coinbase's implementation of the Lightning Network to enhance Bitcoin transactions globally, in collaboration with Lightspark.
Market Structure Observations: Review shifts in CME Basis and investor behaviors, shedding light on strategic market movements.
Don't miss this comprehensive episode where we dissect the latest events and trends in the crypto world. Whether you're a seasoned investor or new to the field, these insights are crucial for understanding the dynamic changes in digital assets.
Subscribe and stay tuned for more in-depth analysis and discussions that keep you well-informed on the rapidly evolving world of cryptocurrencies.
Links:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
Dive deep into the essential insights of the Q2 2024 Guide to Crypto Markets, a collaborative effort by Coinbase and Glassnode, in this enlightening podcast episode. James Check, Lead Analyst at Glassnode, along with our other leading industry experts, unpack the comprehensive report to bring you the latest trends, forecasts, and detailed analyses that are defining the cryptocurrency market today.
In-Depth Report Overview:
Quarterly Analysis: Explore key insights from the report, focusing on the benefits of BTC within strategic portfolio diversification
Bitcoin Halving Examination (4:02): Delve into the anticipated effects of the Bitcoin Halving on both the mining sector and the overall market through detailed expert analysis.
Growth Trends (15:44): Discuss the notable increase in staked ETH and the expansion of stablecoin supply, examining how these factors are influencing investor strategies and market dynamics.
Macro Economic Context:
Interest Rate Implications (31:50): Analyze how global interest rate shifts could potentially impact the cryptocurrency markets, dissected through a comprehensive macroeconomic perspective.
Dollar Strength Analysis: Evaluate the possible consequences of a strong dollar on the sector
Market Trends and Updates:
Hashrate Developments: Receive updates on the growth of hashrate and its implications for the security and efficiency of Bitcoin mining.
Technical Analysis (24:17): Get insights into Bitcoin's technical analysis and the critical levels to monitor, including an assessment of market seasonality.
ETF Movements (27:50): Monitor the latest ETF inflows and outflows to understand their impact on the market.
Regulatory Filings (35:00): Prepare for the upcoming 13-F filings and their potential effects on investor sentiment and market behavior.
Mt. Gox and NYSE Developments (44:15): Keep informed with the latest news from Mt. Gox and the NYSE’s plans to potentially introduce 24/7 trading.
Additional Resources:
For further details and a more thorough understanding, download the Q2 2024 Guide to Crypto Markets from the Coinbase institutional page here.
Whether you're a seasoned investor or a cryptocurrency enthusiast, this episode provides crucial insights into the current and future dynamics of the cryptocurrency markets. Tune in to stay well-informed and ahead in the fast-evolving world of digital assets.
Don't forget to rate us and subscribe for more in-depth discussions and expert insights.
Host: Ben Floyd, Head of Coinbase Execution Services
Special Guest: James Check, Lead Analyst, Glassnode
Panelists:
Greg Sutton, Senior CES Trader
David Han, Research Analyst
Georg Toropov, Senior CES TraderLinks:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
Market Dynamics Overview:
Weekend Crypto Volatility (03:17): Our panel discusses the unusual market activity over the weekend and what it suggests about broader investor attitudes toward risk.Geopolitical Impact on BTC Dominance: Explore how current geopolitical tensions might influence Bitcoin’s dominance in the crypto market.Seasonal Challenges and Rate Concerns: We delve into the tough seasonal trends and the ongoing weakness in traditional markets exacerbated by rate hike concerns.Funding Rates and Liquidation Trends: Get updated on the latest shifts in funding rates and what recent liquidations could mean for the market.BTC Halving:
Bitcoin Halving Update: An essential briefing on the latest developments regarding the Bitcoin halving and its potential implications.Financial Structures and Trends with Zaid Khan:
Crypto Lending Market Evolution: Zaid provides insights into how the structure of the crypto lending market has changed since the last cycle.Market Trends Snapshot: A quick overview of current market trends, the rising demand for USD, and general rate conditions.Margin Finance Developments (18:55) : Updates on Margin Fi TVL after their CEO resignedWallet Ecosystem Innovations with Ryan Yi:
Exploring Wallet Diversity (28:14): Ryan breaks down the different types of wallets emerging in the ecosystem, highlighting growth in unique addresses and what these new wallet infrastructures enable.Apps Worth Trying: Recommendations on some innovative apps to experiment with in the new wallet landscape.Whether you're a seasoned trader or a crypto newcomer, this episode will equip you with the knowledge to understand the latest market fluctuations and wallet technology advances. Don't forget to like and subscribe for more insightful discussions on the rapidly evolving world of digital assets.
Host: Ben Floyd, Head of Coinbase Execution Services
Panelists:
Greg Sutton, Senior CES Trader
David Han, Research Analyst
Zaid Khan, Head of EMEA Financing Trading
Ryan Yi, Corporate Development Manager, VenturesLinks:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
-
In this episode, we welcome Joshua Frank, Co-Founder and CEO of The Tie, to unravel the complexities and anticipate the future trends of the cryptocurrency market. From the implications of the Bitcoin halving to the evolving landscape of ETFs, and the shifting balance between retail and institutional influence, this discussion offers a comprehensive overview of what's shaping the crypto world today and tomorrow.
Key Discussions:
Bitcoin Halving Insights: Joshua and David shares their expert analysis on the significance of the Bitcoin halving. Is it as impactful as it's touted to be, and what might the market response signal for future cycles?
ETFs and Wealth Management: We're on the cusp of witnessing RIAs and wealth management platforms integrating crypto, particularly 90 days post-ETF launch. How much will activate and what does this mean?
Public Filings - Retail vs. Institutional: With 13F filings on the horizon in May, we dive into the debate on whether the crypto market is predominantly retail or institutionally driven and what the data might reveal. What can we learn about the future of the crypto market from Form D filings? This segment aims to decode the information these filings offer about crypto's trajectory.
Upcoming Unlocks into Year End: Addressing the significant volume of unlocks anticipated this year and their potential impact on the market.
ETF Flows and Market Sentiment: Rounding off with an update on ETF flows, BTC & ETH basis, and the nature of client conversations surrounding the Ethena project, providing a pulse on current market sentiment. A Liquid Restaking Update: An update on liquid restaking developments, along with a discussion on some of the emerging concerns in this space.
Whether you're an investor, enthusiast, or industry professional, join us for a thought-provoking discussion that demystifies the dynamics at play in today's digital asset landscape.
Don't forget to like and subscribe for more in-depth analyses and expert conversations that keep you informed on the rapidly evolving world of cryptocurrencies.
Special Guest:
Joshua Frank, Co-Founder & CEO, The TieHost:
Ben Floyd, Head of Coinbase Execution ServicesPanelists:
Greg Sutton, Senior CES TraderDavid Han, Research AnalystLinks: Coinbase Institutional Research website
- Show more
