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Market Dynamics Overview:
Weekend Crypto Volatility (03:17): Our panel discusses the unusual market activity over the weekend and what it suggests about broader investor attitudes toward risk.Geopolitical Impact on BTC Dominance: Explore how current geopolitical tensions might influence Bitcoin’s dominance in the crypto market.Seasonal Challenges and Rate Concerns: We delve into the tough seasonal trends and the ongoing weakness in traditional markets exacerbated by rate hike concerns.Funding Rates and Liquidation Trends: Get updated on the latest shifts in funding rates and what recent liquidations could mean for the market.BTC Halving:
Bitcoin Halving Update: An essential briefing on the latest developments regarding the Bitcoin halving and its potential implications.Financial Structures and Trends with Zaid Khan:
Crypto Lending Market Evolution: Zaid provides insights into how the structure of the crypto lending market has changed since the last cycle.Market Trends Snapshot: A quick overview of current market trends, the rising demand for USD, and general rate conditions.Margin Finance Developments (18:55) : Updates on Margin Fi TVL after their CEO resignedWallet Ecosystem Innovations with Ryan Yi:
Exploring Wallet Diversity (28:14): Ryan breaks down the different types of wallets emerging in the ecosystem, highlighting growth in unique addresses and what these new wallet infrastructures enable.Apps Worth Trying: Recommendations on some innovative apps to experiment with in the new wallet landscape.Whether you're a seasoned trader or a crypto newcomer, this episode will equip you with the knowledge to understand the latest market fluctuations and wallet technology advances. Don't forget to like and subscribe for more insightful discussions on the rapidly evolving world of digital assets.
Host: Ben Floyd, Head of Coinbase Execution Services
Panelists:
Greg Sutton, Senior CES Trader
David Han, Research Analyst
Zaid Khan, Head of EMEA Financing Trading
Ryan Yi, Corporate Development Manager, VenturesLinks:
Coinbase Institutional Research websiteIf you want to learn more about any of Coinbase's products, please email [email protected]
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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
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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.
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.
Derivatives Insight:
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 Trader
Georg Toropov, Senior CES Trader
Sid Shekhar, Senior Blockchain ManagerLinks:
Coinbase Institutional Research website -
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% levels
Don’t forget to like and subscribe for further in-depth discussion.
Host: David Duong, Head of Institutional Research
Special Guest: Ben Rodriguez, Senior Protocol Specialist, CoinbasePanelists:
Greg Sutton, Senior CES Trader
Georg Toropov, Senior CES Trader -
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 TraderTimestamps
00:00 Podcast introduction
02:12 Sui Chung introduction
04:27 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 update
53:20 Macro
56:52 Conclusion -
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
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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 -
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 proposal
STX 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.
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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.
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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.
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In this engaging podcast episode, we dive deep into the latest developments across the traditional and cryptocurrency markets, starting with Georg's comprehensive market update. David then offers a crucial macroeconomic perspective, shedding light on the implications of Powell's recent remarks which have tempered expectations for an imminent interest rate cut in March, pivoting our sights towards a potential May adjustment. This segment explores the enduring disinflationary trends, with a particular focus on China's economic landscape and the troubled commercial real estate sector and how that could affect crypto prices.
Greg takes the helm to analyze current flows and the intricacies of perpetual futures positioning, providing listeners with an insight into the market' sentiment. Sid brings to the fore the remarkable growth of Farcaster and the buzz around the Jupiter airdrop, highlighting the innovative developments within the Solana community.Beyond these updates, the episode covers a spectrum of critical topics:
The latest on FTX, including their plans to return 100% of funds to customers based on current value and the decision against restarting the exchange.Insights into the Tether Foundation's profitability amidst the market's ebbs and flows.A discussion on mining from a supply perspective, including considerations around the halvening and the introduction of ordinals.A closer look at Farcaster Frames, which grants every user an onchain account on Optimism, showcasing the platform's meteoric rise in user engagement and the innovative applications developed by the community.Updates from the Solana ecosystem, including airdrops, new apps and the Chapter 2 phone.Don’t forget to like and subscribe for more thought-provoking discussions and stay at the forefront of digital asset trends and innovations.
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On Tuesday 30th January, the Coinbase Institutional Team hosted Jules Urbach the CEO of Otoy, the company behind Render and Trevor Harries-Jones, the COO. Located at our Hudson Yards office, David Duong (Head of Institutional Research) and Ben Rodriguez (Senior Protocol Specialist) conducted an insightful fireside discussing the following:
Rendering of 3D content vs decentralized GPUHow they overcome some of the key bottlenecks such as data quality, model complexity, and hardware limitationsThe recent announcement of the Render Network FoundationRender’s rationale behind migrating to the Solana ecosystemCrypto’s cold start problem & sustainable DePIN development -
In this enlightening episode, we’re joined by Ben Dean, Director of Digital Assets at WisdomTree, to unravel the complexities and future of cryptocurrency ETFs. Ben shares his journey into the crypto space deep dives into the current state of spot Bitcoin ETFs, 2 weeks post-launch, amidst Bitcoin’s weakness.
We discuss the potential for an Ethereum ETF and the nuanced demand potentially awaiting unlock for Ethereum exposure. The conversation also covers forthcoming ETH ETF deadlines, suggesting a significant probability increase for approvals, with a keen eye on May as a critical timeline. The conversation navigates to concerns around security classifications, staking complications, and the intricacies of ETF redemption processes. Moreover, Ben provides insights into the existence and success of ETH ETFs in Europe and Brazil versus the potential for a U.S. ETF, considering the unique regulatory and market dynamics. He also contemplates the future of Ethereum, including scaling, privacy enhancements, and the evolution of compliant tokenisation. Wrapping up, we touch on the prospects of SOL futures and an ETF, broadening the discussion to encompass the wider landscape of digital asset infrastructure.
In addition to these topics, the episode also includes our regular segments on market flows, macroeconomic analysis and Web3, including the upcoming Jupiter airdrop, Telegram’s recent conference in London and Farcaster’s recent explosive user growth.
Don’t forget to like and subscribe for more thought-provoking discussions and stay at the forefront of digital asset trends and innovations.
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In this captivating episode, we’re excited to host Arianna Simpson, General Partner at a16z and a seasoned veteran in the crypto space with over 11 years of experience. Arianna shares her profound insights into the direction of consumer Web3 heading into 2024, offering a unique perspective gained from her extensive involvement in the industry.
We delve into the innovative developments observed during the crypto winter, uncovering what has been brewing behind the scenes. Arianna discusses the burgeoning potential of Web3 gaming and creator economies, highlighting how these domains are set to revolutionize user interaction and engagement.
The conversation shifts to the key themes a16z is focusing on within the Web3 space, including infrastructure trends that are paving the way for new use cases. Arianna talks about the importance of scalable Layer 2 solutions like Base and Optimism (OP), and how they're enabling more consumer-friendly applications. We also explore the dynamics of Web3 communities, the diversity among developers in this space, and overarching consumer trends. Arianna then provides an overview of the a16z State of Crypto index, covering vital indicators like active addresses, developer activity, and NFT creator trends.
For those want to test in real life, the discussion on Blackbird, a Web3 powered restaurant loyalty network was especially relevant for those in NYC for Restaurant Week.
Additionally, we touch upon the growing traction of Web3 social platforms, with a focus on Farcaster on Optimism. In addition to these topics, the episode also includes our regular segments on market flows and macroeconomic analysis.
Don't forget to like and subscribe for more thought-provoking discussions and stay at the forefront of digital asset trends and innovations.
Links mentioned a16z State of Crypto Index - https://a16zcrypto.com/stateofcrypto/
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In this special edition of our podcast with James Seyffart, an ETF research analyst at Bloomberg intelligence, we dive into the launch of spot bitcoin ETFs in the US - a watershed moment for the expansion of the cryptoeconomy. We compare and contrast these products with BITO and the seminal gold ETF, hypothesize on their future differentiation, and consider key aspects such as proof of reserves and fee waivers.
We also cover liquidity and AUM perspectives and the other attributes that may help ETFs succeed, alongside our thoughts on market share distribution and the strategic considerations for issuers post-launch. The conversation then looks at where additional demand may come from -- such as the integration of these ETFs into diverse portfolios, other ETFs and model portfolio allocations.
Additionally, we unravel the complexities of wirehouses, explaining their function and impact on custodial relationships. As we explore product developments atop ETFs, we touch upon potential restrictions, such as the prohibition of options, and the often slow adoption rate of some platform houses.
This episode is a must-listen for anyone seeking to understand the new bitcoin ETFs. Tune in for a comprehensive understanding of what the next year holds and remember to subscribe for more in-depth analysis and expert takes on the crypto market's future.
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In the final podcast of the year, we delve into David’s comprehensive 2024 crypto market outlook (read it here), offering a glimpse into the future of key players like Solana, Ethereum, and Bitcoin. David unpacks the potential trajectories and pivotal developments anticipated for these major assets, providing listeners with an informed perspective on what to expect in the coming year.
We also explore the evolving landscape of ETFs within the crypto space, discussing their potential impact and the new dynamics and products they might introduce. Special attention is given to DEPIN and the burgeoning area of Data Availability, highlighting how these elements could reshape the digital asset environment for the better.
At the end of the call, our team shares their personal excitement for 2024, revealing what they are most looking forward to. Whether it’s technological advancements, regulatory changes, or market trends, this segment offers a unique blend of professional analysis and personal enthusiasm.
Wishing everyone Happy Holidays! Thank you so much for listening and remember to subscribe for more in-depth analysis and expert takes in 2024.
Host:
Ben Floyd, Head of Execution ServicesPanelists:
David Duong, Head of Institutional ResearchGreg Sutton, Senior CES Sales TraderGeorg Toropov, Senior CES Sales Trader -
In this week’s episode, we welcome James Check, the lead analyst at Glassnode, as our special guest. James delves into the on-chain dynamics of the recent Bitcoin rally and its subsequent price drop last Sunday, offering a detailed analysis of the market’s movements. He sheds light on how the behavior of long-term holders and the average acquisition price of Bitcoin influence its trading patterns.
Further exploring the lifecycle of bull markets, James provides an expert perspective on the different stages and what might lie ahead for crypto enthusiasts. A significant focus is placed on the upcoming Bitcoin halving in 2024, discussing potential outcomes and expectations within the community. James also examines the expanding world of derivatives in both onshore and offshore markets, highlighting their growing impact on the cryptocurrency landscape.
Josh then steers us through a comprehensive market update, focusing on significant developments in the Solana ecosystem, including Orca and Helium, along with Helium’s new mobile plan and the notable rise in AVAX.
David concludes the episode with a macroeconomic overview and teases some key findings from our recent survey conducted in collaboration with Interactive Investor, offering a glimpse into the sentiments and trends shaping the future of digital assets.
Remember to subscribe for more in-depth discussions and expert insights in the dynamic world of crypto.
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In this week's episode of our podcast, we're joined by special guest Anjan Vinod, Vice President at Parafi, one of the oldest crypto funds, who brings a wealth of expertise in the evolving landscape of digital assets. Anjan dives into the intricate trade-offs between modular and monolithic blockchain structures, discussing how these choices impact the ecosystem. He also sheds light on the burgeoning growth in Real World Assets within the crypto space, along with insights into the DEPIN..
Anjan further explores the evolving landscape of stablecoins, dissecting their product-market fit and potential future trajectories. The discussion also veers into the realm of prediction markets, examining their past, current status and future prospects.
Georg then takes us through a comprehensive market update. He analyzes the current dynamics of BTC and ETH dominance versus altcoins, highlighting significant capital rotations into altcoins with STX as a prime example. Georg also discusses Celestia’s performance, attributing its success to the rising popularity of modular chains.
Finally, David provides an overview of the upcoming macroeconomic data and its potential impact on the crypto market, pinpointing specific crypto-related elements that warrant close attention.
Don’t forget to subscribe for more insights and in-depth analysis in the fast-paced world of digital assets.
Host:
Ben Floyd, Head of Execution ServicesGuests:
Anjan Vinod, Vice President at ParafiGeorg Toropov, Senior CES Sales TraderDavid Duong, Head of Institutional Research -
In this episode of our podcast, Josh kicks off with the latest news shaking the crypto world. We dissect the Binance news, delve into the groundbreaking entry of USDC in Japan, and analyze recent trends in crypto fund inflows.
David takes the reins to explore macroeconomic factors, focusing on consumer spending and what the outlook for 2024 could mean for the digital asset space. This segment offers a crucial understanding of how broader economic trends might influence crypto markets.
Greg, in his segment, presents an intriguing hypothesis from a recent JPM note on potential flows in GBTC post any ETF conversion. He also breaks down the futures basis in Bitcoin, offering strategies on how to navigate these trades, and highlights an uptick in flows observed on the desk.
Lastly, we dive into the realm of Web3 with Sid. The launch of Blast, a new Layer 2 platform created by the founder of Blur, has garnered attention with a staggering $600 million in TVL in its first week. We also discuss the possible ramifications of a potential hard fork in Cosmos, providing insights into what this could mean for the ecosystem.
Don’t forget to like, subscribe, and connect with the Coinbase Institutional team for further insights and updates.
Host:
Ben Floyd, Head of Execution ServicesPanelists:
Josh Pak, CES Sales Trader David Duong, Head of Institutional Research Greg Sutton, Senior CES Sales Trader Sid Shekhar, Blockchain Research Manager -
In this special Thanksgiving episode, we invite some of our previous guests to talk through two themes:
1. What they’re excited about across markets and web3
2. What they’re thankful for!
Thank you to the following contributors for their incredible insights!
Tania Reif, Founder & CEO - Senda Digital AssetsSeth Ginns, Managing Partner - CoinfundDavid Duong, Head of Research - CoinbaseJennifer Murphy, Founder & CEO - Runa Digital AssetsCosmo Jiang, Portfolio Manager - PanteraVance Spencer, Co-Founder - Framework VenturesSid Shekhar, Blockchain Research Manager - CoinbaseJai Prasad, Co-Founder - DefinitiveViktor Bunin, Group Protocol Specialist - CoinbaseAnthony Bassili, Head of Tokenization - CoinbaseThanks for listening in and Happy Thanksgiving!
- Visa fler
