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:
Host:
Ben Floyd, Head of Execution Services
Panelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Georg Toropov, Senior CES Sales Trader