Coinbase Markets Podcast

This week, host Ben Floyd is joined by David Duong and Joshua Pak to break down the latest market action and key developments shaping the crypto landscape.We start with an overview of market trends, including ETF flows, basis, funding rates, CEX vs DEX volumes, and sector winners and losers. Then, we move into macro updates, discussing the CPI, the Fed’s next steps, GDPNow forecasts, and regulatory shifts—including growing support for The BITCOIN Act.Onchain, we highlight Solana’s five-year milestone, including some protocol highlights, and the latest in tokenized real-world assets. Finally, we wrap up with key catalysts to watch.We also celebrate four years of Coinbase Prime, our best-in-class platform that thousands of institutional clients use to trade, stake, finance, and custody crypto at scale. Coinbase also launched Coinbase for Governments to help bring them onchain.Topics Covered:Market Trends: ETF outflows, AI & memecoin sector moves, and BTC/ETH key levels.Macro & Regulation: Fed policy outlook, GDPNow, and crypto legislation updates.Onchain Insights: Solana’s five-year growth, ETH-based RWA inflows, and major protocol updates.Upcoming Catalysts: Key economic events, protocol launches, and Nvidia’s GTC conference.Host: Ben Floyd, Head of Execution ServicesSpeakers: David Duong, Head of Institutional Research Joshua Pak, Senior CES Sales TraderLinks:Coinbase Institutional ResearchCoinbase for GovernmentsLatest Coinbase Advertisement Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, host Ben Floyd is joined by David Duong, David Han, and Greg Sutton to break down the latest market action and what’s on the horizon. We kick off with insights from our interview with Man AHL (Part of Man Group's Systematic Investment Business), exploring their approach to trend following and their evolving crypto strategy. From there, we dive into the macro landscape, reviewing the market movers of the past week, key support and liquidation levels, and what they signal for future price action. Onchain, we cover Ethereum’s Pectra upgrade, stablecoin supply growth, and the surprising decline in DEX volumes.To wrap up, we outline the most important upcoming catalysts that could shape market sentiment — plus, we’ve linked some essential reading from Man AHL and Coinbase Institutional Research in the show notes.Topics Covered:Man AHL Insights: Trend following strategies and crypto adoption.Macro & Market Movers: What’s been driving volatility and key levels to watch.Ethereum & DeFi: The Pectra upgrade, stablecoin expansion, and DEX activity.Catalyst Watch: Upcoming events and protocol changes that could move markets.Special GuestsTarek Abou Zeid, Partner at Man AHL and Global Head of Client Portfolio ManagementAndre Rzym, Partner and Portfolio Manager at Man AHLHost:Ben Floyd, Head of Execution ServicesSpeakers:David Duong, Head of Institutional ResearchDavid Han, Research AnalystGreg Sutton, Senior CES Sales TraderLinks:An Investors Guide to Crypto - Man AHLIn Crypto We Trend - Man AHLCoinbase Institutional Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, host Ben Floyd is joined by David Han and Georg Toropov to navigate a tough crypto landscape. We break down Solana’s sharp decline—down nearly 50% from its highs—Ethereum nearing a death cross, and extreme fear gripping the market amidst over $1B in ETF outflows and widespread liquidations. We also cover the Bybit hack and its ripple effects across trading activity.On the onchain side, we dive into the drop in Solana DEX volumes, Pump.fun’s plan to launch its own AMM, and a wave of more recent mainnet launches from the likes of Berachain and Story, as well as Monad’s testnet debut.Meanwhile, macro factors add to the uncertainty, with rate cuts unlikely before summer. Client conversations reveal a lack of clear near-term catalysts with significant legislation potentially taking months to materialize. But we finish on a high note—Ethereum’s RWA market is growing in both value and adoption, even as the Pectra testnet hits delays.Links:Coinbase Research2025 Crypto OutlookTopics Covered:Market Weakness: SOL’s drop, ETH’s death cross risk, ETF outflows, and liquidations.Security Incident: The Bybit hack and market response.Onchain Activity: Solana DEX struggles, Pump AMMs, and major protocol launches.Macro & Sentiment: Delayed Fed cuts, client sentiment, and regulatory hurdles.Ethereum Outlook: Pectra testnet hiccups, but RWA growth as a bright spot.Host:Ben Floyd, Head of Execution ServicesSpeakers:David Han, Research AnalystGeorg Toropov, Senior CES Sales Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, we discuss bitcoin's range-bound trading and what upcoming option expiries might mean for price action. Additionally, the episode covers Solana's recent selloff, driven by concerns over memecoin launches and upcoming unlocks. FTX will begin repaying smaller creditors this week, which could have a positive impact on markets. We also review recent ETF applications and what their impact on spot trading flows may be. Lastly, David Han takes us through staking ETFs and potential changes at the CFTC.Links:Coinbase Research2025 Crypto OutlookTopics Covered:BTC option expiriesSolana price actionFTX repaymentsStaking ETFsHost: Joshua Pak, Senior CES TraderSpeakers:David Han, Research AnalystGregory Sutton, Senior CES Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, we discuss the dip in the crypto markets and welcome Ejaaz Ahamadeen, ex-Product Manager at Coinbase and founder of 26 Crypto Capital, who shares his insights on the AI agents sector. Ejaaz delves into the significance of crypto AI agents versus centralized services, navigating the intricacies of emerging subsectors, and addressing practical challenges like AI hallucination. Additionally, the episode covers major trading updates, including corporate investments and ETF flows, plus some regulatory news. We also look at recent stablecoin growth and offer a comprehensive view of current market dynamics and future trends. Finally, we tackle market innovations such as Uniswap Labs’ new Layer-2 ‘Unichain’ as well as Lido’s vault upgrades.Links:Coinbase Research2025 Crypto OutlookTopics Covered:AI agents: Why they matter and where’s the value accrualTrading Trends: Some large scale corporate purchases of crypto, changes in perp volume dominanceOnchain Updates: Launch of L2 Unichain, Lido vault upgradesHost: David Duong, Head of Institutional ResearchSpecial Guest: Ejaaz Ahamadeen, 26CCSpeakers:Joshua Pak, CES TraderDavid Han, Research Analyst Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, host Ben Floyd is joined by David Duong, David Han, and Greg Sutton to break down the latest macro and crypto market movements. We’ll dive into the impact of new tariffs on crypto, how the Fed might respond, and the key data points policymakers are watching next. We’ll also analyze weekend trading activity and BTC’s continued outperformance, alongside ETH’s relative weakness and overall funding rate trends.David Sacks’ press conference on a potential Bitcoin strategic reserve continues discussion on the role of BTC in national reserves, and we’ll also explore the broader implications of a potential U.S. sovereign wealth fund.On the onchain front, we’ll refresh on Ethereum’s Pectra upgrade, the implications of increasing validator balances, and the recent gas limit vote. We’ll also cover ETH’s inflation rate nearing BTC’s, Uniswap V4’s structural improvements, and the growing stablecoin supply, with $3B added this week—$2B on Ethereum alone. Finally, we compare DEX volumes to gauge onchain liquidity shifts.Links:Coinbase Research2025 Crypto OutlookTopics Covered:Macro & Markets: Tariff impact, Fed expectations, and key economic signals.Trading Trends: BTC strength on pullbacks, ETH underperformance, and weekend activity.Onchain Updates: Ethereum’s Pectra upgrade, validator changes, and gas limit vote.Stablecoin & DEX Activity: Supply growth and liquidity trends.Uniswap V4: Programmable hooks, improved routing, and liquidity migration patterns.Host: Ben Floyd, Head of Execution ServicesSpeakers:David Duong, Head of Institutional ResearchDavid Han, Research AnalystGreg Sutton, Senior CES Sales Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, we explore the evolving crypto landscape with regulatory updates, major market movements, and macroeconomic insights. The SEC sees changes with Mark Uyeda and Hester Peirce taking center stage, while the SAB 121 repeal opens new opportunities for banks holding crypto. The CME teases potential futures for SOL and XRP, and BlackRock files for in-kind redemptions on its spot BTC ETF (IBIT).We analyze the market reaction to Deepseek's launch, which topped Apples's U.S. App Store and led a repricing of many AI- linked assets. Corporate crypto buying also continues as Metaplanet announces a $745M raise to purchase BTC and MicroStrategy adds $1.1B in BTC, supported by a bold $2B perpetual strike preferred stock offering. ETF inflows surge to $1.9B, showcasing sustained institutional interest.On the macro front, we preview tariff updates, the FOMC meeting, and December PCE data. In the Ethereum ecosystem, the Ethereum Foundation has allocated 50K ETH to DeFi protocols, with Paradigm calling for quicker network upgrades. The Pectra upgrade also receives a tentative March 11 release date. Finally, we spotlight Jupiter's market outperformance driven by its buyback plans and Moonshot acquisitions.Links:Coinbase Research2025 Crypto OutlookTopics Covered:Regulatory Updates: SEC leadership changes and SAB 121 repeal implications.Market Movers: Deepseek's impact, CME futures possibilities, and IBIT's filing for in-kind creation and redemptions.Corporate Activity: Metaplanet's raise, MicroStrategy's BTC purchase, and ETF inflows.Macro Overview: Tariff and FOMC previews, PCE data implications.Ethereum Update: Pectra update and Paradigm's push for faster upgrades.Jupiter's Surge: Buyback plans and Moonshot investment.Host:Ben Floyd, Head of Execution ServicesPanelists:David Han, Research AnalystGeorg Toropov, Senior CES Sales Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We unpack the explosive market moves as Bitcoin hits a new all-time high of $110K and Solana reaches $293 as crypto welcomes President Trump. TRUMP Coin’s debut contributed to the market frenzy, while COIN50 posted an impressive 8.74% weekly gain, signaling strong momentum as new users flood into the crypto space.We provide a financing overview, highlighting DeFi lending growth on Solana, funding rate fluctuations, and weekend liquidations. Onchain activity breaks records with DEX volumes at all-time highs, despite some network degradation and Ethereum’s leadership reshuffle. The team also runs through Coinbase’s partnership with Morpho in the U.S. that now allows clients to take USD loans using DeFi protocols secured by their Bitcoin, marking a significant innovation in crypto-backed lending.ETF inflows soar with $2B in Bitcoin ETFs and $213M in Ethereum ETFs, alongside MicroStrategy’s bold addition of $1.1B in BTC.On the macro front, we preview the upcoming Fed meeting and discuss its implications for crypto markets.Topics Covered:Market Highlights: BTC & SOL ATHs, Trump Coin launch, and COIN50’s strong performance.Financing Trends: DeFi lending on Solana and funding rate insights.On-Chain Activity: Record DEX volumes, network challenges, and Ethereum’s leadership changes.ETF and Corporate Moves: Large inflows and MicroStrategy’s BTC holdings.Macro Preview: Key updates ahead of the Fed meeting.Links:Coinbase Research2025 Crypto OutlookLiquid Staking WebinarHost: Ben Floyd, Head of Execution ServicesPanelists: David Duong, Head of Institutional Research David Han, Research AnalystZaid Khan, Head of EMEA Financing Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode unpacks the latest developments in crypto markets as corporates like Intesa Sanpaolo and Genius Group join the Bitcoin buying wave, with MicroStrategy’s premium holding steady at 1.91. We also highlight Tether’s move to El Salvador and the growing traction of IBIT options, now capturing 50% of Deribit’s open interest, signaling surging institutional demand. An ETF flow update and client strategies reveal how the big players are positioning themselves for 2024.We analyze funding rates, the Ondo unlock, and how to interpret these trends in relation to market dynamics. Recent aggressive crypto acquisitions reflect growing confidence in the new regulatory environment, paired with an update on Coinbase’s Third Circuit Court of Appeals filing.On the macro front, we discuss last week’s CPI, PPI, and employment data and we explore fiscal policy outlooks, debt sustainability, and potential policy shifts shaping the economic landscape. Additionally, we discuss China’s 10Y yield dropping from 2.1% to 1.65% and it's potential impact on global liquidity.In the on-chain segment, we break down stablecoin borrow rates, with Aave at 10-11% and Sky peaking at 12.5%, alongside a surge in USDS growth (25% in the past week). Finally, we examine Sony’s L2 launch on the OP stack, signaling a shift in how corporates leverage blockchain for Web3 adoption, and the interplay between public and permissioned chains.Topics Covered:Corporate Moves: New entrants into BTC buying, MicroStrategy premium analysis.Institutional Trends: IBIT options, ETF flows, and client strategies.Funding Rates & Unlocks: How market dynamics shape strategies.Regulatory Environment: Crypto acquisitions and Coinbase court updates.Macro Update: Key data reflections, China’s stimulus, and fiscal policy outlook.On-Chain: Stablecoin borrow rates, USDS growth, and Sony’s L2 launch for Web3 corporates.Host:Ben Floyd, Head of Execution ServicesPanelists: David Duong, Head of Institutional Research David Han, Research Analyst Georg Toropov, Senior CES Sales Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, we explore Bitcoin’s increasing institutional adoption, with MicroStrategy expanding its holdings and other companies considering BTC for their balance sheets. We analyze ETF flows over the past two weeks and provide a Q1 market outlook, focusing on key drivers and emerging trends. In the macro segment, we examine pro-crypto regulatory appointments, potential legislation from a crypto-friendly Congress, and the Fed's rate outlook for H1. We also discuss the implications of economic data volatility and what Canada’s potential new leadership could mean for Bitcoin. Additionally, we highlight global moves toward Bitcoin as a strategic reserve.Onchain, we delve into the growth of protocols like Morpho, Babylon, and Pendle, alongside AI agents gaining traction, with Eliza ai16z’s GitHub surpassing Google Gemini in stars. We also explore the significance of high DEX volumes and Backpack’s acquisition of FTX's EU operations, shedding light on its impact on European derivatives markets.Topics Covered:Market: Institutional BTC adoption, ETF flows, and Q1 market outlook.Macro: Pro-crypto regulatory changes, potential legislation, Fed rate trajectory, and global BTC reserves.On-Chain: Protocol growth, AI agent innovation, and European market developments through Backpack’s FTX acquisition.Host: Ben Floyd, Head of Execution ServicesPanelists: David Duong, Head of Institutional Research David Han, Research Analyst Georg Toropov, CES Sales Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we discuss Bitcoin’s 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. BlackRock’s 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 Lido’s 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 Coinbase’s crypto outlook for 2025, offering a forward-looking perspective on the year ahead.Topics Covered:Market: BTC’s all-time high, institutional moves, and BlackRock’s 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 Lido’s Polygon phase-out.Supply Trends: BTC active supply analysis and market implications.Macro: Fed meeting preview and its impact on markets.Outlook: Coinbase’s 2025 crypto market forecast.Host:Ben Floyd, Head of Execution ServicesPanelists:David Duong, Head of Institutional ResearchDavid Han, Research AnalystJoshua Pak, CES Salestrader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 Google’s intriguing Willow project, the UK’s blocking of Pump’s frontend, and Pudgy Penguins' rise as a top NFT collection. Plus, Floki’s 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: Google’s 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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join us for an interview with Cindy Leow, co-founder of Drift, as she shares the inside scoop on their Solana-based decentralized exchange that’s 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 country’s 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 TraderDon’t miss this episode packed with market analysis, macro insights, and cutting-edge onchain trends. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.Don’t 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 XRP’s 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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we analyze the latest crypto market trends, highlighting BTC’s rally, standout tokens like SOL and XRP, and increased corporate adoption. Joe Flanagan, Co-Founder of Maple Finance, joins us to discuss the platform’s 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. Don’t 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 ResearchDavid Han, Research Analyst Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 D’Agostino, 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 Foundation’s Justin Drake, along with the latest from the Base ecosystem. Don’t miss this packed episode full of expert analyses, innovative tools, and essential market data.**Host:**Ben Floyd, Head of Execution ServicesSpecial GuestsJohn D’Agostino, Senior AdviserRachel Ziv, Senior Financing TraderPanelistsDavid Duong, Head of Institutional ResearchDavid Han, Research Analyst Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Trump’s 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 Foundation’s 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 ResearchDavid Han, Research AnalystGreg Sutton, CES Sales TraderDon’t forget to like and subscribe.Links:Stand with CryptoReflections on the election through a crypto lensCoinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we kick off with an exclusive interview featuring Coinbase’s Head of US Policy Kara Calvert about how the upcoming election could reshape the crypto regulatory landscape. Don’t miss her outlook on the future of crypto policy under different political scenarios.Our expert panel also breaks down bitcoin’s 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 Meta—impacting 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 ResearchDavid Han, Research AnalystJoshua Pak, CES Sales TraderLinks:Stand with CryptoQ4 Guide to Crypto MarketsCoinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, our expert panel explores the latest market trends, including CME fund flows, Bitcoin ETF inflows, and altcoin performance. We dive into Stripe’s strategic acquisition of Bridge, election positioning in crypto markets, and Fed Governor Christopher Waller’s positive comments on DeFi’s 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 SEC’s 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 Stripe’s strategy.Polymarket Odds: Current election odds, questions of market manipulation, and implications for crypto trading.Macro Insights: Fed Governor Waller’s remarks on DeFi’s complementary role, plus key macro indicators like next week’s JOLTS and NFP reports.Onchain Trends: Updates on the Pectra upgrade, Scroll’s 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 ResearchDavid Han, Research AnalystGreg Sutton, Senior CES Sales TraderLinks:Q4 Guide to Crypto MarketsCoinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 BTC’s 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: China’s stimulus effects, US earnings, and Polymarket election odds’ market impact.Onchain Trends: Base growth in TVL, DEX, and stablecoin volumes.Gaming Spotlight: “Off the Grid” (using Avalanche subnet) tops Epic Game Store charts.Be sure to like, subscribe, and check out the team’s research for more insights.Host: Ben Floyd, Head of Execution ServicesPanelists:David Duong, Head of Institutional ResearchDavid Han, Research AnalystGeorg Toropov, CES SalestraderZaid Khan, Senior Prime Financing Sales TraderLinks:Q4 Guide to Crypto MarketsCoinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 week’s NFP data, the upcoming inflation report, and the diminishing effects of China’s 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 team’s research in the show notes for deeper insights into these developments!Host: Ben Floyd, Head of Execution ServicesPanelists:David Duong, Head of Institutional ResearchDavid Han, Research AnalystJoshua Pak, CES SalestraderLinks: Coinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we explore the latest movements in the crypto market, including Kamala Harris’ 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.Topics Covered: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 Harris’ 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 Fed’s 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.Make sure to like, subscribe, and check out the team’s research in the show notes for deeper insights into these developments!Host: Ben FloydPanelists:David Duong, Head of Institutional ResearchGeorg Toropov, Senior CES TraderDavid Han, Research AnalystLinks: Coinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 ServicesGuest: Ralph Achacoso, CIO of Factor6 CapitalPanelists: David Duong, Head of Institutional ResearchGreg Sutton, Senior CES TraderDavid Han, Research AnalystLinks: Coinbase Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 updatesInterview 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 Minutes44:02 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, SuperstateHost:Ben Floyd, Head of Execution ServicesPanelists:David Duong, CFA - Head of Institutional ResearchGreg Sutton, Senior CES TraderDavid Han, Research Analyst Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 moves8:25 Market technicals10:25 Potential Fed response15:23 Endogenous crypto catalysts17:50 Financing update, leverage, and margin calls24:18 Crypto flows27:00 ETFs30:40 Onchain updates36:40 Jupiter cutting token supply37:54 Ethereum Pectra upgradePlease like and subscribe to our podcast and visit our research portal for more content.Host: David Duong, CFA - Head of ResearchPanel:Georg Toropov - Senior CES TraderSarah Williamson - Head of Prime Financing Trading David Han - Research Analyst Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.(2:08) ETH and BTC ETF Updates: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.(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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 Services Panelists: David Duong, Head of Institutional Research Joshua Pak, CES Trader David Han, Research Analyst Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Decoding Crypto Dynamics: Market Catalysts and Strategic InsightsTune 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 ResearchSarah Williamson, Head of Prime Financing TradingGeorg Toropov, Senior CES Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 distributions1:55 Perp funding rates & futures markets6:45 German government sales9:28 ETH ETF update13:00 BTC ETF flows14:30 Election insights16:00 Token unlocks20:40 TON update and Telegram integration24:40 Solana technical updates28:45 Seasonal BTC trendsHost: David Duong, Head of Institutional ResearchPanelists:Gregory Sutton, Senior CES TraderDavid 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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The State of Crypto: Expert Insights from the Coinbase & Financial Times SummitDive 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.HostsBen Floyd - Head of Execution ServicesDavid Duong - Head of Institutional Research Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Global Conference Insights: From Milken to ConsensusJoin 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 hack41:15 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 ServicesSpecial Guest: Lauren Abendschein, Global Head of Institutional SalesPanelists:David Duong, Head of Institutional ResearchDavid Han, Research AnalystGeorg Toropov, Senior CES Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 ResearchDavid Han, Research AnalystGeorg Toropov, Senior CES TraderRachel Ziv, Senior Financing Sales TraderLinks:Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 diversificationBitcoin 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 sectorMarket 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 ServicesSpecial Guest: James Check, Lead Analyst, GlassnodePanelists:Greg Sutton, Senior CES TraderDavid Han, Research AnalystGeorg Toropov, Senior CES TraderLinks:Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 ServicesPanelists:Greg Sutton, Senior CES TraderDavid Han, Research AnalystZaid Khan, Head of EMEA Financing TradingRyan Yi, Corporate Development Manager, VenturesLinks:Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join us in this week's enthralling episode for a comprehensive journey through the cryptocurrency landscape, as we untangle the complex world of derivatives markets, navigate the unpredictable waves of altcoins, and shed light on groundbreaking onchain developments. We initiate our exploration with a detailed analysis of the derivatives market, spotlighting the notable reset in funding rates, the impact of $65 million in liquidations, and providing an insightful update on the evolving ETF scene.Derivatives Insight: We explore the CME and perpetual basis dynamics, dissecting the significance of $65 million liquidated, funding rates falling below 11%, and an open interest (OI) of $22 billion. This segment aims to demystify what these developments mean for the broader market and individual investors.Macro Perspectives: Set against the backdrop of strong ISM and GDP data, coupled with the anticipation of forthcoming rate cuts, we delve into the macroeconomic factors potentially steering crypto price actions.ETF Update: Our discussion takes you through the shifting terrain of the ETF market, highlighting the substantial outflows from GBTC, which now exceed $15 billion, and how behemoths like Blackrock and Fidelity are navigating with their crypto products.Onchain Updates: In a special farewell to Sid, he offers one last insightful look into the latest onchain trends, including Base’s growing traction, the innovative Farcaster, and the introduction of DEGEN L3. Sid also discusses the game-changing promise of L3 solutions in enhancing blockchain ecosystems.Airdrops and Beyond: We broaden the scope to significant airdrops, such as Wormhole’s distribution of 670 million W tokens and the noteworthy $750 million airdrop by Ethena, analyzing their potential market impact. Moreover, we take a deep dive into the Ethena Protocol, exploring its evolving role and potential applications in the DeFi space.Designed for enthusiasts, investors, and anyone keen to stay abreast of crypto's derivatives complexities, the vibrant world of altcoins, and onchain advancements, this episode promises enlightening discussions and invaluable insights.Remember to like and subscribe to stay updated on the cutting-edge developments shaping the digital asset landscape.Host: Ben Floyd, Head of Coinbase Execution ServicesPanelists:Greg Sutton, Senior CES TraderGeorg Toropov, Senior CES TraderSid Shekhar, Senior Blockchain ManagerLinks:Coinbase Institutional Research website Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our special guest Ben Rodriguez (Senior Protocol Specialist, Coinbase Cloud) helps us navigate the Ethereum layer-2 landscape post-Dencun Fork, as the total value locked on these networks has picked up sharply in recent weeks. But there still seems to be some congestion-induced fee volatility on these L2s despite the fact that EIP-4844 helped reduce fees. We also discuss EigenLayer with respect to the upcoming launch of actively validated services as well as the tradeoffs inherent in liquid restaking tokens.Separately, our senior CES sales traders Georg Toropov and Greg Sutton walk us through the markets and flows, covering the recovery in bitcoin performance after some big outflows from spot BTC ETFs. Altcoins are similarly retracing in sympathy. Other key themes: The Federal Reserve kept three rate cuts for 2024 in their dot plot and increased US growth expectationsFlows last week suggest that many institutions actually feel underallocated to this space, indicating the pain trade may be higherSome ETH related news as BlackRock launched a digital liquidity fund on Ethereum, while the Ethereum Foundation received an enquiry from an unidentified “state authority”Funding rates in perpetual futures markets for bitcoin are normalizing from levels as high as 60-70% in bitcoin back down to sub-20% levelsDon’t forget to like and subscribe for further in-depth discussion.Host: David Duong, Head of Institutional ResearchSpecial Guest: Ben Rodriguez, Senior Protocol Specialist, CoinbasePanelists:Greg Sutton, Senior CES TraderGeorg Toropov, Senior CES Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we welcome Sui Chung, CEO of CF Benchmarks, as our special guest to unravel the intricacies of crypto index provision and its important impact on the market. Sui offers an enlightening overview of the role of an index provider and delves into the impressive scope of CF Benchmarks, which underpins >$20Bn of assets. He provides insider insights into the anticipated integration of wirehouses, the significant capital influx expected from wirehouses and RIAs, and explores the burgeoning international demand and possibilities for increased investment.Sui also sheds light on the observable shifts in spot volume patterns following the launch of ETFs, setting the stage for an in-depth discussion on the evolving landscape of digital asset investments.Market Update:Addressing the recent weaknesses in BTC and ETH.The notable strength in SOL and MKR, shedding light on the factors driving their performance.Flows in AI-related crypto namesImplications of funding rate reductions.Macro Insights:Latest expectations for the FOMC, the significance of the dot plot, offering a comprehensive analysis of how global macroeconomic factors are influencing the crypto space.This episode is a treasure trove for anyone keen on understanding the complex world of crypto indices, the market’s current state, and the macroeconomic elements at play.Don’t forget to like and subscribe for further in-depth discussion.Host: Ben Floyd, Head of Execution ServicesSpecial Guest: Sui Chung, CEO CF BenchmarksPanelists: David Duong, Head of Institutional ResearchGreg Sutton, Senior CES TraderTimestamps00:00 Podcast introduction02:12 Sui Chung introduction04:27 What’s the role of CF Benchmarks and why is it significant for investors?06:50 What challenges have you faced in the space as an Index provider?11:24 What are the key considerations around bringing Wirehouses onboard?16:30 Who are the main Wirehouses we should be aware of and what do they do?19:20 How much capital is involved when we discuss Wirehouses?23:05 What’s going on with ETFs outside of the US?27:40 What do you think about the capital pool in HK and China?30:20 Have you seen any recent changes in spot volumes given the state of the US?34:50 How are ETFs impacting trading in other instruments?37:17 How do you think about Indexing in the crypto ecosystem?42:11 Market update53:20 Macro56:52 Conclusion Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In another busy week, this episode dissects the monumental achievements and pivotal trends shaping the blockchain and digital asset world.Market Update:Scaling New Heights: Revel in Bitcoin’s landmark achievement as it hits a new all-time high above $72,900, marking a significant milestone in crypto history.The Convergence of Crypto and AI: Explore the innovative realms where cryptocurrency meets artificial intelligence, spotlighting trailblazing projects like WLD and FET.The Meme Coin Phenomenon: Delve into the world of meme coins, embracing their unique role and the lighthearted spirit they bring to the crypto space.Anticipating the Bitcoin Halvening: Discuss the implications of the upcoming Bitcoin halvening and its potential impact on the market.ETF Dynamics: Examine the current state of Bitcoin within ETFs and assess the growing likelihood of an ETH ETF making its debut.Macro & Research Insights:Sticky Inflation: Analyze this morning’s CPI report, offering a critical view on the persisting inflation and its ramifications.The Dencun Fork: Unpack the recent performance leading into the Dencun fork, focusing on EIPs 7514 and 4844, and their influence on the ecosystem.Onchain Activities:Social Dynamics on the Chain: Explore what recent developments mean for onchain activity, particularly in terms of social interaction.Frames Platform Update: Get the latest insights into Frames and its evolving role in the blockchain landscape.Flow Analysis: Market Liquidity and Maker DAO: Address the concerns around high funding rates and delve into significant changes to Maker DAO and the broader implications for DAOs in Wyoming.Join our panel of experts as they navigate the complexities and breakthroughs in today’s crypto ecosystem. This episode is a must-listen for enthusiasts and professionals alike, seeking to stay informed and ahead in the rapidly evolving world of digital assets.Host: Ben Floyd, Head of Execution ServicesPanelists: David Duong, Head of Institutional ResearchGreg Sutton, Senior CES TraderSid Shekar, Staff Blockchain ResearcherGeorg Toropov, Senior CES Trader Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join us for an in-depth exploration of the latest advancements in the crypto space, with a spotlight on Base, Ethereum’s Layer 2 solution that’s rapidly gaining traction. This episode features a special guest, Jesse Pollak, who is about to celebrate his 7th anniversary at Coinbase. Jesse’s journey from leading retail operations to focusing on the development of Base has positioned him as a key figure in the crypto community. His unique insights into the evolution of Base and its significant role in the broader crypto market promise to make this a captivating discussion.Base Unveiled: Jesse Pollak, renowned as Base Contributor #1, delves into the impressive journey of Base, highlighting its achievement of $1B in Total Value Locked (TVL) and the emerging applications finding success on the platform. He provides an insider’s look at upcoming technical enhancements, including the anticipated impact of EIP-4844 on transaction fees. Jesse also discusses how the launch of Coinbase Smart Wallets aims to revolutionize the onboarding process, enhancing UX and safety for users. Moreover, Jesse shares his personal experiences with Farcaster and gives us a sneak peek into the future developments planned for Base in 2024.Market Update: Dive into a comprehensive market analysis with Greg and Ben, covering the latest trends in ETF flows and key dates crucial for understanding new product holdings. They explore the landscape for a potential ETH ETF and its implications for staking. The resurgence of retail interest is evident from Coinbase’s ascent in app store rankings, the profitability of holders, and the surprising uplift of meme coins. This segment promises to shed light on the current dynamics shaping the crypto market.Economic Insights: David presents his latest findings on USDC and discusses essential economic data set to be released, which could significantly sway the direction of interest rates. This analysis is crucial for anyone looking to understand the macroeconomic factors influencing the crypto space.DeFi and NFTs Spotlight: Sid brings attention to the notable increase in Total Value Locked across DeFi platforms and the remarkable rise in NFT values, with a special focus on CryptoPunks. Additionally, he addresses the current costs and efficiency of executing transactions on Base compared to Ethereum L1, highlighting Base’s potential to transform transaction experiences.This episode is a must-listen for anyone interested in the cutting-edge developments in digital assets and blockchain technology. Engage with us as we unravel the complexities of Base, the crypto market’s current state, and the exciting possibilities on the horizon.Host: Ben Floyd, Head of Execution ServicesSpecial guest: Jesse Pollak, Base Contributor #1Panelists:David Duong, Head of Institutional ResearchGreg Sutton, Senior CES TraderSid Shekar, Staff Blockchain Researcher Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of our podcast, we sit down with Shiliang Tang, President of Arbelos Markets, who entered the crypto space in 2012 and has since become a leading authority in the crypto derivatives market. Shiliang shares his unique insights on how market structures have evolved over the years and the significant role derivatives have played in the recent upward trends in the market.Diving deeper, Shiliang discusses the influence of an ETH overwriter from Asia and its implications for the market dynamics. Our market update segment, with our experts David Duong, Gregory Sutton and Sid Shekhar, provides a comprehensive analysis of the current state of various cryptocurrencies including: BTC’s Strength and Dominance: A rally in Bitcoin dominance prompts speculation on a potential dominance rally leading into the Halvening, and the subsequent possibility of a market rotation.The outlook for ETH/BTC in the context of a potential ETH ETF, Eth Denver and the Dencun update.Strength in UNI and the DeFiPulse Index after the announcement of Uniswap’s recent fee proposalSTX Strengths: STX’s narrative as a Bitcoin Layer 2 solution.Meme Coins and GameFi: A look into the rally of meme coins like Pepe, Floki, and Dogwifhat, and updates on GALA and gamefi.David Duong shares his insights on the broader economic landscape, suggesting that a soft landing for the economy appears to be on the horizon, potentially impacting asset pricing. He notes the influence of Nvidia’s movements on market flows, indicating a growing "risk on" sentiment. However, he cautions about the traditionally negative seasonality in March, tied to tax payments, and points out the importance of upcoming data releases, including new home sales and the core PCE number, in shaping market expectations.Greg shares an update on flows on the desk as well as ETF flows. In addition, he covers funding rates and thinks through possible paths ahead.Sid explores the potential for transaction based innovations within Farcaster Frames and Ethena’s interest in delta hedging derivative positions. Sid also touches on the growth in Ethena’s TVL and its significant growth in perps OI.Don’t forget to like and subscribe for more insightful discussions on the forefront of digital asset trends and innovations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we celebrate Ethereum breaking the $3k mark, a testament to the anti fragile nature of the crypto market. Georg takes the lead with an in-depth analysis of ETF flows, highlighting a record-breaking week and the year-to-date performance that paints a picture of growing investor confidence. He also provides a comprehensive market update, delving into the greed and fear index and the strategic positioning within ETH as it achieves this new milestone. Additionally, Georg sheds light on FIL’s significant open interest and the emerging story of SEI. David steps in with crucial macro updates in anticipation of a bustling week ahead, featuring fed minutes, initial jobless claims, and insights from various Fed members this week. He explores the potential trajectory for an ETH ETF, shares updates on Eigenlayer, and discusses the prospects of a DeFi renaissance, setting the stage for a deep dive into the macroeconomic factors influencing the crypto space. Sid rounds off the discussion with a focus on Web3 developments, demystifying the concept of liquid re-staking and addressing the risks associated with restaking strategies. He highlights a popular trade involving stETH and ETH. Sid also covers the Starknet airdrop, discussing the tokens and the second-order effects of reward distribution within the ecosystem. Join us for this comprehensive exploration of the latest trends and shifts in the cryptocurrency market, from Ethereum’s impressive rally to the cutting-edge developments in Web3. Stay tuned for a deep dive into the strategies, risks, and opportunities that lie ahead in this rapidly evolving landscape. Don’t forget to like and subscribe for more thought-provoking discussions and to stay at the forefront of digital asset trends and innovations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, join us as Josh kicks things off with a comprehensive market update, covering the significant movements in BTC, the latest on ETF flows, and an in-depth look at locked ETH dynamics, including developments around Eigenlayer, stETH, Blast, and the anticipation surrounding upcoming unlocks. This segment provides a nuanced understanding of the factors driving current market behaviors and what they might indicate for the future. David takes the conversation further into the realm of macroeconomics, dissecting today's inflation data and offering his seasoned outlook on potential rate cuts. His analysis bridges the gap between traditional financial indicators and their implications for the crypto market, providing listeners with a clear picture of the economic landscape ahead. Greg delves into the realm of institutional engagement, sharing insights from recent flows, volumes, and conversations with institutional clients, alongside a detailed examination of CME futures & options open interest. This segment sheds light on the institutional mindset and strategic positioning in the crypto space, revealing trends and sentiments that are shaping the market. Sid brings a fresh perspective with an update on Farcaster Frames, discussing their burgeoning potential and the exciting possibility of implementation on Solana. This discussion highlights the innovative applications and community engagement driving the growth of decentralized platforms. We wrap up this episode with us for a deep dive into the pivotal developments and strategic insights that are defining the landscape of digital assets and macroeconomic trends. Don’t forget to like and subscribe for more thought-provoking discussions and stay at the forefront of digital asset trends and innovations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.