Coinbase Institutional Market Call

BTC Momentum, Stripe’s Crypto Move, and Fed Signals on DeFi

Episode Notes

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 Services

Panelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Greg Sutton, Senior CES Sales Trader

Links:
Q4 Guide to Crypto Markets
Coinbase Research