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The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.

CoinDesk

A $3M bet on Bitcoin hitting $95K by October.

A single trader placed a $3.17 million options bet that bitcoin will reach $95,000 by the end of October, using a strategy that pays off most if BTC lands right at that level. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Trader Bets $3M on Bitcoin Hitting $95K by October | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Strike CEO Jack Mallers, who explains why he stepped down as CEO of Twenty One Capital, makes his case for bitcoin as "the most American money," and unpacks the launch of Strike Private. Zero Knowledge Group Founder and CEO Austin Campbell breaks down the CLARITY Act's failure to advance in the Senate, why the GENIUS Act has already reshaped the regulatory landscape, and how crypto has become caught in a broader fight over congressional ethics heading into the midterms. Plus, Christian Lopez, Managing Director and Head of Blockchain and Digital Assets at Cohen & Company Capital Markets, on the Fed's rate hike, how Anthropic's looming IPO is soaking up market liquidity, and why the tokenization of real-world assets is pulling Wall Street into crypto.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:26 Markets: Bitcoin Tops $85K After the Fed Hike

00:50 Oil, Iran and the Trump-Xi Summit

01:13 Anthropic Pushes Its IPO to November

01:31 Strike CEO Jack Mallers Joins

02:04 Why Mallers Left Twenty One Capital

04:28 Mallers' Bitcoin Outlook and Advice

06:22 Why Bitcoin Doesn't Need the CLARITY Act

08:19 Bitcoin as Legal Tender and 'The Most American Money'

09:50 Inside Strike Private and Bitcoin-Backed Loans

13:10 Austin Campbell on the CLARITY Act's Senate Defeat

14:58 Why GENIUS Already Changed the Game

16:01 Crypto, the Midterms and the Ethics Fight

18:00 Could a Future Administration Undo the Rules?

19:47 Stablecoins as the Leading Force

21:35 Bitcoin and Ether ETF Flows

22:24 Christian Lopez on the Fed and Risk Assets

24:28 How the Anthropic IPO Soaks Up Liquidity

26:21 Q3 Earnings and Tokenizing Real-World Assets

28:44 Why TradFi Is Racing Into Crypto

Will Bitcoin Become Legal Tender in the U.S.? Plus, Why Crypto Isn’t Waiting for CLARITY

The SEC approved its "innovation exemption" that brings stocks on-chain.

Google and Apple are both hiring for digital-asset roles, from tokenizing real-world assets in Asia to Apple Pay strategy, a sign that stablecoins and tokenization are becoming core expertise inside Big Tech. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Google & Apple Hunt for Crypto Talent | CoinDesk Daily

The SEC approved its "innovation exemption" that brings stocks on-chain.

The SEC approved a five-year "innovation exemption" that lets firms trade real tokenized U.S. stocks on public blockchains, favoring tokens that carry full shareholder rights over synthetic price-tracking products. The move opens a regulated lane for DeFi and puts pressure on offshore offerings like Robinhood's stock tokens and Kraken's xStocks. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

SEC Opens the Door to Tokenized U.S. Stocks After CLARITY Failure | CoinDesk Daily

Nikhil Chandhok, Chief Technology and Product Officer at Circle, joins CoinDesk Contributor Kate Irwin on Markets Outlook the day Arc mainnet goes live. Chandhok explains why gas on Arc is USDC and not a native token, how opt-in privacy works, why BlackRock and Visa signed on as validators, and what changes for institutions when GENIUS rules take effect in January.

Plus, Beezie Founder and CEO Andrea Miele on why tokenized luxury goods are the next frontier for provenance and liquidity.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Timecodes:

00:00 - Nikhil Chandhok Joins Markets Outlook

00:59 - CLARITY Failed. Why GENIUS Is Circle's Guiding Light

02:37 - Circle Announces Arc Mainnet

03:00 - How Opt-In Privacy Works on Arc

04:35 - Why Gas Is USDC and Not a Native Token

06:52 - Will AI Agents Take Over Onchain Activity?

10:10 - Brand New Rails: Tokenized Luxury with Beezie

13:11 - Why BlackRock and Visa Signed On as Validators

15:20 - DeFi on Arc: Aave, Morpho and Uniswap

16:43 - The Biggest Challenge Facing Institutions

18:45 - Bitcoin, Ethereum, and Why Circle Isn't Bearish

Circle Launched Its Own Blockchain. What Happens to Ethereum? | Markets Outlook

The CLARITY Act comes down to a procedural vote.

The U.S. Senate votes today on whether to advance the Clarity Act, crypto's market structure bill. A pass moves the industry closer to its first clear U.S. rules, while a failure would likely shelve the effort until after the November midterms. Bitcoin slipped to below $77,000 as Polymarket odds on the bill faded. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Senate Votes on Crypto's Clarity Act as Bitcoin Slides | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ram Ahluwalia, CEO and Founder of Lumida, who makes a non-consensus case that the Fed will hold rather than hike at its September meeting, and argues that AI has more room to run than crypto as capital rotates between the two. Then Joris Delanoue, CEO of Fairmint, breaks down the SEC's proposed overhaul of transfer-agent rules, the first in decades, which could let a blockchain serve as the official record of securities ownership. He unpacks the three models of tokenized equities, the AMC–Robinhood stock-token dispute, and why a single source of truth matters for the issuer-shareholder relationship. Plus, a look at ETF flows, with bitcoin ETFs posting their worst week since July and ether ETFs drawing net inflows.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:21 Crypto Green as AI Stocks Sell Off, Oil Tops $100

00:47 Lumida's Ram Ahluwalia on the Macro Picture

01:23 The Non-Consensus Call: No Rate Hike Coming

03:26 Anthropic's Coming S1 and the AI "Nothing Burger"

04:46 Why AI Has More Room to Run Than Crypto

06:58 Tokenization, DeFi, and the CLARITY Act

08:30 Ahluwalia's Top AI Plays and Midterm Positioning

10:27 SEC Proposes Biggest Transfer-Agent Overhaul in Decades

10:42 Fairmint's Joris Delanoue Joins

11:41 The Tokenization Paper-Crisis Parallel

12:43 Three Models of Tokenized Equities

15:17 The AMC–Robinhood Fight Over Stock Tokens

16:19 Fixing the Issuer-Shareholder Disconnect

18:38 Educating CEOs on What Tokenization Unlocks

20:31 ETF Flows: BTC Bleeds $463M, ETH Gains $197M

Should You Bet on AI or Crypto? Plus, the SEC’s Tokenized Stock Overhaul

Trump agrees to stricter ethics rules for CLARITY Act.

President Trump agreed to about 80% of a stricter ethics package tied to the Clarity Act, clearing a path for a Senate cloture vote Tuesday. The deal lets state attorneys general enforce the law and forces elected officials, spouses, and federal judges to divest or blind-trust any significant crypto stake. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Trump Agrees to Stricter Ethics Rules to Save the Clarity Act: Report | CoinDesk Daily

Kalshi wants 24/7 Tesla, Apple, and Nvidia perps.

Kalshi is seeking approval for roughly 60 perpetual futures tied to individual stocks and ETFs, including Tesla, Apple, and Nvidia — which would be the first regulated single-stock perps in the U.S. The plan is already igniting a fight over whether the CFTC or SEC should regulate them. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Kalshi Wants 24/7 Perps on Tesla, Apple & Nvidia | CoinDesk Daily

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the AMC–Robinhood tokenization showdown playing out on X and "CLARITY Act death watch," before sitting down with Cody Carbone, CEO of the Digital Chamber. Carbone argues the bill's fate comes down to ethics and that the White House and President Trump himself will have to weigh in publicly on the Tillis–Gallego ethics proposal to get to 60 votes. He also lays out the contingency plan if CLARITY stalls and breaks down the Digital Chamber's lawsuit against Illinois' new crypto tax. Plus, Rebecca and Renato debrief on why spot-market authority survives even if CLARITY doesn't, and name LeBron James, and the wave of celebrity prediction-market deals, as their Person of the Week.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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Chapters/Timecodes:

00:00 Welcome to The Policy Protocol

02:54 The AMC–Robinhood Tokenization Showdown

05:18 Can AMC Actually Sue? Renato's Litigation Read

07:41 CLARITY Act Death Watch

10:15 Why Reg Crypto Isn't Enough Without Market Structure

11:06 Cody Carbone, CEO of the Digital Chamber Joins

12:03 Ethics, Ethics, Ethics: Will the White House Weigh In?

15:25 What Happens to Crypto Policy if Clarity Fails?

17:42 Federal Preemption and the Illinois Crypto Tax Fight

20:51 The Convergence of TradFi and Digital Finance

23:32 Rebecca and Renato Debrief on Spot Authority

24:37 Person of the Week: LeBron James and Prediction Markets

CLARITY Act on “Death Watch”: Can Crypto’s Biggest Bill Survive?

Ran Neuner, Founder of Crypto Banter, joins Coindesk’s Jennifer Sanasie on Markets Outlook with charts in hand to explain why Bitcoin's pullback from $82K is textbook post-golden-cross behavior, and why he thinks the real story is what comes next. Neuner breaks down Scott Bessent's Treasury buybacks as the engine of the rally, why ETH just broke a nine-year downtrend against Bitcoin, and why he's rotating out of layer ones and into apps with real users and revenue.

Plus, Energy Substantiation Co-Founder Wil Harris joins Brand New Rails to explain why hard-to-custody assets, like oil, are tokenization's real frontier.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Timecodes:

00:00 - Ran Neuner Joins Markets Outlook

00:45 - The Golden Cross and Bitcoin's Pullback

02:31 - Bessent's Buybacks and Why $6B Disappointed the Market

03:56 - Oil, the War, and Trump's $1.4T Stimulus Promise

06:47 - Brand New Rails: Tokenized WTI Crude Oil

09:37 - "Crypto's Biggest Bull Market Ever"

11:33 - ETH Breaks a Nine-Year Downtrend Against Bitcoin

14:03 - Altcoins to 7X Bitcoin? Crypto's Product Market Fit

18:02 - Why AI Agents Are Crypto's Real Use Case

19:54 - What Makes an Altcoin Win: Users, Revenue, Buybacks

Is Bitcoin on the Verge of Its Biggest Bull Run? | Markets Outlook

Nasdaq's Ventures invested $100 million in Payward, the parent company of crypto exchange Kraken. Payward Chief Commercial Officer Mark Greenberg joins Jennifer Sanasie to explain what the deal unlocks: from bringing Nasdaq's traditional equities on-chain as permissioned tokens, to new collaborations on market surveillance, data, and expanding xStocks to more markets. Plus, insights into Kraken's shift from a crypto-only exchange to a multi-asset platform and the company's 2027 IPO timeline.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

Nasdaq Invests $100M in Kraken Parent Payward

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by special guest co-host Ophelia Snyder, Co-Founder of 21Shares.

Payward Chief Commercial Officer Mark Greenberg breaks down Kraken parent Payward's new partnerships with SoFi and the London Stock Exchange, and how xStocks is bringing tokenized equities and 24/7 markets to investors around the world.

Bullish Exchange President Chris Tyrer unpacks Bullish's $4.2 billion acquisition of transfer agent Equiniti, its first tokenized-share trades on a GFSC-regulated venue, and the competing models shaping the future of tokenized stocks.

Plus, Sanasie and Snyder break down another billion-dollar week for Bitcoin and Ethereum ETFs and what shifting macro conditions could mean for crypto.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:40 Has the Mood Shifted on the Clarity Act?

03:32 The ColdCard Hack and the Case for Intermediaries

05:26 Payward's Mark Greenberg Joins

05:47 Inside the London Stock Exchange xStocks Deal

07:11 Will xStocks Come to the US?

08:41 The AMC-Robinhood Tokenized Stock Spat

09:57 Why Issuers Should Embrace Tokenized Equities

11:13 Nasdaq Equity Tokens and Yield on xStocks

13:20 Bullish's Chris Tyrer on the $4.2B Equiniti Deal

14:23 The Three Models of Tokenized Equity

15:10 Who Owns Your Stock? Cede & Co. and Issuer Visibility

17:51 Tokenization as the Next Mega Trend

19:31 Turning Shareholders Into Members

21:31 Tokenization, NFTs, and the Governance Problem

24:28 Another $1.2B Week for BTC and ETH ETFs

25:04 Reading the Flows: Macro and a Bitcoin Regime

27:47 Alt Flows and the First US Staked TRON ETF

AMC Slams Robinhood's Approach To Tokenized Stocks: Why Kraken and Bullish Are Betting Big Anyway

An Anthropic researcher warns AI could kill us all.

A researcher who spent three years on pretraining at OpenAI and Anthropic resigned with a warning that the labs are racing toward self-improving superintelligence that could kill everyone by the end of the decade. Anthropic's own alignment lead put the odds above 10%. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Anthropic Researcher Warns AI Could Kill Us All After Quitting | CoinDesk Daily

Hunter Biden is launching a LAPTOP memecoin.

Hunter Biden is launching a memecoin called LAPTOP on Base, named after the laptop he left at a Delaware repair shop in 2019. Founders get 30% of the 1 billion supply, and part of the airdrop targets wallets underwater on the TRUMP token. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Hunter Biden Is Launching a Memecoin | CoinDesk Daily

Zcash jumps above $1,000.

Zcash surged around 20% to $1,000, nearly doubling in a month and liquidating $34.5 million in short positions. A new Grayscale spot ETF is helping fuel the privacy coin's run. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Zcash Hits $1,000 as Short Sellers Lose $34 Million | CoinDesk Daily

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, joins Jennifer Sanasie for a special edition of Markets Outlook from the New York Stock Exchange to unpack the market's overnight flip from despair to euphoria. Hougan explains why a traditional 60/40 portfolio is "100% fiat currency," why holding 0% Bitcoin has become a misallocation, and where he's allocating now. Plus, why he gives Bitcoin a good chance of reclaiming $100K this year and sees $1.3 million by 2035. 

Stellar Development Foundation CEO Denelle Dixon also joins to unpack Stellar crossing $4 billion in tokenized real-world assets, a 400% jump since January.

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Timecodes:

00:00 - Matt Hougan Joins Markets Outlook

00:45 - Despair to Euphoria: What Flipped the Market

03:20 - AI Stocks vs. Bitcoin

05:49 - Brand New Rails: Stellar Crosses $4B in Tokenized RWAs

08:05 - Bitcoin, Zcash, and the Tokenization Trade

14:15 - Matt's Bitcoin Price Prediction This Year and By 2035

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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This episode was hosted by Jennifer Sanasie.

$1.3 Million Bitcoin Will Be “Relatively Easy,” Says Bitwise’s Matt Hougan | Markets Outlook

The copy-paste hack that stole $150K.

CrowdStrike and federal authorities dismantled Sality, a botnet that spent eight years swapping copied wallet addresses for the attacker's, so victims unknowingly sent crypto to a stranger. The fix is simple: check the first and last characters of any address after you paste it. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

The Malware That Hijacked Crypto Payments for 8 Years | CoinDesk Daily

Tether faces lawsuit for allegedly freezing $42M USDT before a warrant.

Two Thai businessmen are suing Tether, alleging it froze 42.4 million USDT months before U.S. authorities obtained a seizure warrant. Tether calls the lawsuit baseless, but it raises the question of whether the issuer can freeze tokens in private wallets before any legal process. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Tether Sued for Allegedly  Freezing $42M Before a Warrant

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ben Spiegelman, Head of Institutional at Base, to break down Coinbase's newly launched tokenized stocks. Zach Pandl, Head of Research at Grayscale, unpacks the debut of the first-ever Zcash ETF. Plus, Solstice CEO Ben Nadareski explains strcUSX, a Solana-based product that splits the economics of Strategy's STRC preferred into senior and junior tranches.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

-

To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:24 Coinbase Brings Tokenized Stocks to Base

00:44 Base's Ben Spiegelman Joins Public Keys

01:02 What Makes Coinbase's Tokenized Stocks Different

03:26 The Killer DeFi Use Case: Borrowing Against Your Stocks

04:11 The CLARITY Act and a Future US Launch

05:24 Trading, Financing, and Payments on Base

07:04 What Still Gives Institutions Pause On-Chain

09:15 ETF Flows: Bitcoin and Ether Cool After a Record August

10:04 Grayscale's Zach Pandl on a Healing Crypto Market

11:13 What Happens If the CLARITY Act Doesn't Pass

12:18 'Recktember' and the Q4 Bitcoin Outlook

13:42 The First-Ever Zcash ETF and the Privacy Thesis

15:47 Scarcity vs. Privacy: What's Driving Zcash

17:10 Institutional vs. Retail Demand for the Zcash ETF

19:04 Solstice's Ben Nadareski and Strategy's STRC on Solana

20:38 Inside strcUSX: Senior and Junior Tranches

21:40 Building on Strategy's Platform

23:19 Why Solstice Built on Solana

25:30 The Institutional DeFi Adoption Curve

Coinbase Tokenized Stocks Hit $100M in Volume; First Zcash ETF and Strategy Yield Goes DeFi

North Korean hackers cashed out Bitcoin from Hyperliquid.

North Korea's Lazarus Group has sold more than $30 million in bitcoin on Hyperliquid over the past three weeks, according to blockchain data reviewed by Arkham. The activity comes just as the Trump administration explores bringing the platform onshore. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

North Korea Is Cashing Out Bitcoin on Hyperliquid | CoinDesk Daily

How did Bitcoin react to Fed Chair Kevin Warsh's first Jackson Hole speech?

Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote today, and crypto traders are watching for whether the Fed will back the Treasury's plan to cap long-term borrowing costs. Bitcoin has climbed from $64,000 to $80,000 in a week on those expectations — a dovish signal could extend the rally, while a push for Fed independence could send it lower. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Bitcoin Slides After Kevin Warsh's First Jackson Hole Speech | CoinDesk Daily

CoinDesk's The Policy Protocol host Renato Mariotti takes a deep dive into the CFTC's inaugural Innovation Advisory Committee. Renato breaks down the viral, spicy exchange between CME Group CEO Terry Duffy and CFTC Chairman Michael Selig over event contracts and market manipulation, and introduces his own comment-letter concept "accountability arbitrage" that focuses on the enforcement gap that opens up when an AI agent authors a trading strategy. He then sits down with the committee's chair, Walt Lukken, President and CEO of the Futures Industry Association and a former acting CFTC chairman, who explains why Chairman Selig stood up the committee, how FIA is welcoming retail-first and formerly-offshore entrants while holding the line on customer protections, and why the hardest open question in the room was how to hold a machine accountable.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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Chapters:

00:00 Welcome to The Policy Protocol

01:15 The Story of the Week: The CFTC's Innovation Advisory Committee

01:50 The Viral Clip: Duffy vs. Selig on Event Contracts

02:45 A Fight Playing Out in the CME–CFTC Lawsuit

03:19 A Titanic Shift: TradFi Meets Blockchain

03:59 The Real Frontier: Agentic Finance

04:34 Accountability Arbitrage and Agentic Trading

06:33 Walt Lukken Joins the Show

07:00 Why Chairman Selig Built the Committee

08:21 FIA's Big Tent: Offshore to Onshore

09:49 Futures, Crypto and Prediction Markets Converge

11:43 Letting the Disagreements Be Aired

13:14 The AI Session: Holding a Machine Accountable

15:23 A Good First Year and the Tokenization Push

17:14 Renato's Debrief: A Working Committee

Can You Regulate a Machine? Walt Lukken on the CFTC's Innovation Committee

Pierre Rochard, CEO of The Bitcoin Bond Company, joins Jennifer Sanasie on Markets Outlook to unpack the narratives driving crypto markets heading into Q4. From his 80K year-end price target to his rebuttal of Mark Cuban's "chips are the new crypto" take, Pierre breaks down why Bitcoin's scarcity story remains intact and why miners pivoting to AI could actually be a tailwind for Bitcoin price. Plus, Bullish's new Head of Tokenization joins to unpack what it means to be the first regulated exchange to trade tokenized equity.

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Timecodes:

00:00 - Pierre Rochard Joins Markets Outlook

00:56 - Watching the Fed and Treasury

02:14 - Pierre’s Bitcoin Price Target

02:24 - Responding to Mark Cuban: Chips vs. Bitcoin

06:01 - Why Cuban May Have Latched Onto the Wrong Narrative

07:25 - Will Retail Come Back to Bitcoin?

09:24 - Brand New Rails: Bullish Launches Tokenized Equity Trading

12:02 - Self-Custody vs. Exchanges Post-ColdCard

13:42 - The Best Ways to Get Bitcoin Exposure

15:32 - Bitcoin Miners Pivoting to AI

17:21 - Why Miners Leaving Is Actually Bullish for Bitcoin

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

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This episode was hosted by Jennifer Sanasie.

Are AI Chips the New Crypto Trade? | Markets Outlook

Nvidia beats earnings estimates.

Nvidia beat earnings estimates and guided to $108 billion in revenue next quarter, lifting tech stocks and pushing bitcoin toward $80,000. The chipmaker also agreed to acquire open-source AI platform Hugging Face for $12.9 billion, extending its reach beyond chips and into the AI software stack. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Nvidia Buys Hugging Face for $12.9B After Earnings Beat | CoinDesk Daily

Dallas Fed warns tokenized deposits could strip $700B from U.S. banks' lending capacity.

Two Dallas Fed economists estimate tokenized deposits could strip about $700 billion from U.S. banks' capacity to fund long-term loans, as instant settlement makes it easier for depositors to chase yield and switch banks. The report warns that could push up the cost of credit for consumers and businesses. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Tokenized Deposits Could Cost Banks $700B: Dallas Fed Economists | CoinDesk Daily

With Fomo posting all-time high fees in August and with roughly 100,000 daily traders, co-founder Se Yong Park joins CoinDesk Contributor Kate Irwin on Markets Outlook to unpack the Solana-to-Robinhood Chain growth story, why social finance apps like Farcaster and Zora never broke out, and how prediction markets could turn a generation of bettors into traders. 

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Timecodes:

00:00 - Se Yong Park Joins Markets Outlook

01:11 - Inside FOMO's Record August in Fees

02:22 - Institutional Era, Consumer Endgame

03:43 - Solana, Robinhood Chain, and the Multi-Chain Effect

06:10 - Why Farcaster and Zora Never Broke Out

08:05 - Prediction Markets Will Turn Bettors Into Traders

09:24 - Advice for Founders: Ship Before It's Perfect

10:51 - DeFi is a Matter of When, Not If

12:39 - Regulation, Innovation Exemptions, and Building in the US

13:37 - Gen Z, New Media, and the Rise of Small Creators

15:20 - Q4 Outlook: The Next Breakout App Won't Be Crypto-Branded

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

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Fomo Co-Founder: The Next Breakout App Won't Call Itself Crypto | Markets Outlook

What drove BTC's jump above $80K?

Bitcoin jumped from $62,000 to $80,000 in its second-largest weekly gain in five years, but futures data shows it was short covering that drove the move. With leverage now near multi-month lows, the rally may actually be steadier than it looks. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

What Was Behind Bitcoin's $80K Surge? | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie sits down with Michael Tannenbaum, CEO of Figure Technology Solutions, to unpack the company's record quarter, its self-described "Rule of 150," and why it sees blockchain as a standardization engine for capital markets.



Then, Lance Vitanza, Managing Director and Senior Research Analyst at TD Cowen, explains why the 2026 digital asset treasury shakeout has clarified the model rather than broken it—and what separates the companies built to last from the rest.



Plus, Sid Coelho-Prabhu, Head of Coinbase Business, breaks down Coinbase's bet on AI agent payments, why stablecoins like USDC are emerging as the currency of agentic commerce, and how the x402 protocol could reshape the way businesses get paid.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market-moving news delivered daily, download CoinDesk’s mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:20 Figure's Record Quarter and the "Rule of 150"

00:50 Figure CEO Michael Tannenbaum Joins

04:05 Figure as the "Fannie Mae of Blockchain"

06:44 Cutting Diligence Costs and Fighting Loan Fraud

08:10 Unlocking $35 Trillion in US Home Equity

09:57 Responding to the Morpheus Research Report

12:16 The Digital Asset Treasury Shakeout of 2026

12:55 TD Cowen's Lance Vitanza Joins

15:00 Why Strategy Is Built for a Bitcoin Bear Market

17:02 Strive, Smarter Web and Nakamoto in the Win Column

20:00 Treasury Companies vs. Spot Bitcoin ETFs

23:19 Coinbase Bets on Payments from AI Agents

23:41 Coinbase Business Head Sid Coelho-Prabhu Joins

24:45 How AI Agents Are Already Spending Money

27:03 Why Stablecoins Are Winning Agentic Payments

30:25 Inside the x402 Payment Protocol

32:06 What Still Needs Solving in Agentic Payments

Blockchain’s Fannie Mae Moment, Bitcoin Treasury Shakeout & AI Agents That Pay

Michael Saylor's war chest.

Strategy raised about $2 billion last week and created a new "USD Cash" pool, giving it $6.69 billion in dollar liquidity that can be used to buy more bitcoin, repurchase shares, or repay debt. The company left its 840,447 BTC untouched for a second straight week. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Strategy Raises $2B Last Week Through Common Stock Sale | CoinDesk Daily

Why is BTC ripping?

Bitcoin surged past $77,000 for its biggest weekly gain since March 2023. The rally isn't really about price — it's a reaction to a new U.S. Treasury bond-buyback plan that markets are reading as a step toward broader liquidity support. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Why Bitcoin Just Had Its Best Week Since 2023 | CoinDesk Daily

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on President Trump's White House remarks about bringing Hyperliquid onshore, then dig into Judge Vernon Oliver's Connecticut ruling that slammed the CFTC's emergency order in the Kalshi fight. Alexander Zozos, General Counsel of Superstate and a former SEC staffer, joins the hosts to break down what “Reg Crypto” actually does: two fundraising exemptions plus a safe harbor that acts as a "barbell" on when securities laws apply, solving crypto's "Hotel California" problem of checking in but never checking out. Plus, Rebecca and Renato debrief on whether the rule is a foundation or a window, and name crypto lawyers as their Person of the Week.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

-

Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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Chapters/Timecodes:

00:00 Welcome to The Policy Protocol

01:54 Hot Topic: Trump Talks Hyperliquid at the White House

04:36 Renato's Hot Topic: Kalshi, the CFTC, and Loper Bright

06:34 The SEC Drops Its 'Reg Crypto' Rulemaking

06:42 Alexander Zozos of Superstate Joins the Show

06:55 What Is Reg Crypto? The 30,000-Foot View

10:04 Foundation or Window? The Rogue Regulator Question

12:16 Inside the SEC: How a 400-Page Rule Gets Made

17:40 Does the Exit Ramp Depend on the CLARITY Act?

20:04 Rebecca and Renato Debrief

21:44 Person of the Week: Crypto Lawyers

SEC Drops 'Reg Crypto' Rulemaking: Do We Still Need Clarity?

BTC jumps 10% on the day after Trump's White House meeting with crypto CEOs.

Bitcoin climbed toward $72,000 after President Trump urged Congress to pass the Clarity Act at a White House crypto event. Treasury debt buybacks and a rally in crypto equities added fuel. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Bitcoin Jumps Above $71K as Trump Pushes Congress on Clarity Act | CoinDesk Daily

With Bitcoin surging past $72K and showing signs of a broader breakout, 10x Research CEO and Founder Markus Thielen joins Jennifer Sanasie on Markets Outlook to explain why he turned bullish early and why he believes the cycle low is already behind us. From Fed tailwinds and institutional flows to the key levels that could unlock a new all-time high, Markus breaks down what's driving the move. Plus, we look inside Symbiotic's partnership with Centrifuge to offer instant USDC liquidity.

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Timecodes:

00:00 - Markus Thielen Joins Markets Outlook

00:37 - Where Does Bitcoin End the Year?

02:02 - When Do We See a New ATH?

05:32 - Brand New Rails: Symbiotic x Centrifuge

08:44 - Is Bitcoin Still a Retail Product?

12:03 - $1 Million Bitcoin by 2030?

15:20 - On-Chain Signals to Watch Right Now

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This interview was recorded on August 19th before bitcoin's most recent rally.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

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This episode was hosted by Jennifer Sanasie.

Bitcoin Breaks $70K—When Will It Hit a New All-Time High? | Markets Outlook

John Wang, head of crypto at Kalshi, joins Sam just days after the company hit a $40 billion valuation and one year into John's tenure, which has seen prediction markets go from niche internet community to mainstream financial instrument. They cover the World Cup trading frenzy, why crypto is now the second largest market on the platform, and how Kalshi built the first CFTC-regulated perp exchange in the US from the ground up, doing $1 billion in its first week and $5 billion in its first month. 
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Timecodes:

0:00 - Cold open on prediction markets going mainstream

0:25 - Introduction: John Wang, head of crypto at Kalshi

0:46 - Reflecting on Kalshi's growth over the past year

2:03 - Sports' economic impact and the Knicks/World Cup effect

3:24 - CLARITY Act, midterms hub, and regulatory unlocks

4:08 - Launching the first CFTC-regulated perp market

6:26 - Explosive early perps adoption (billion in week one)

7:55 - Risk tools: stop loss, take profit, and Kalshi Social

9:12 - Agentic trading and API-driven automation
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From our sponsors: 
This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

How the World Cup Became One of Kalshi's Biggest Onboarding Events

Anthropic beats OpenAI in Q2 revenue.

Anthropic more than doubled its revenue to $11.6 billion and posted a small operating profit, overtaking OpenAI for the first time. OpenAI's loss widened to $12.3 billion as it paused some frontier training over safety concerns. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Anthropic Overtakes OpenAI in Revenue for First Time | CoinDesk Daily

MSTR down 73% since last year.

Michael Saylor says a Strategy share buyback isn't a priority, but he'd consider it if MSTR trades at a deep enough discount to net asset value. The stock is down about 73% year-over-year as Strategy builds a $4.8 billion cash reserve. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Saylor Floats a Strategy Buyback as MSTR Falls More Than 73% in Past Year | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Citizens' Devin Ryan to break down Securitize's first earnings report, its 26% selloff, and why he sees significant upside as tokenization grows. Pantera Capital General Partner Cosmo Jiang explains why AI and blockchain are converging, Solana's lead in AI agent activity, and the new S&P Pantera Digital Asset Index. Plus, a look at Bitcoin and Ethereum ETF flows and Robinhood's new fund giving retail investors access to early-stage Y Combinator startups.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

-

To get market moving news delivered daily, download CoinDesk’s mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:29 Securitize Stumbles in First Public Earnings Report

00:50 Citizens' Devin Ryan Joins Public Keys

02:07 From Speculation to Real Blockchain Usage

03:52 Securitize's 26% Selloff and a $15 Price Target

05:29 The Bull and Bear Case for SECZ

06:47 Will the SEC and CFTC Fill the Regulatory Gap?

09:58 What to Watch: BlackRock and Tokenized AUM

12:18 Bitcoin ETFs Post $390M in Weekly Outflows

12:46 13F Filings: Harvard Holds, JPMorgan and Tudor Add

13:06 Ethereum ETFs Snap Five-Week Inflow Streak

13:42 Pantera's Cosmo Jiang on the Market Outlook

16:59 Bitcoin's 42% Discount vs. AI Stocks' Premium

18:26 Blockchain and the Agentic Economy

20:17 Why Solana Leads on AI Agent Activity

21:15 Inside the S&P Pantera Digital Asset Index

25:07 Robinhood Ventures Fund II Debuts on NYSE

26:03 The Risk and Reward of Early-Stage Investing

28:32 How Daily Liquidity for Private Assets Works

30:38 Robinhood Chain, Tokenization and Yield

32:48 Crypto Fear & Greed Index at 31

Securitize Down 26%: Why One Analyst Sees 3X Upside

U.S.-Iran ceasefire has lapsed.

The 60-day U.S.-Iran ceasefire has lapsed with no deal, and traffic through the Strait of Hormuz is down about 90%. Tehran says it has struck a separate deal with Oman to reopen the strait, but only if the US lifts its naval blockade, per CNBC. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

U.S.-Iran Ceasefire Lapsed with No Deal | CoinDesk Daily

The SEC delays the "innovation exemption" for tokenization.

The SEC is again delaying its "innovation exemption" for tokenized securities and abruptly canceled a Friday meeting where details were expected. The White House feared it could complicate the Clarity Act, while Wall Street group SIFMA argued a change this big shouldn't come through an exemption at all. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

SEC Hits Pause on 'Innovation Exemption' for Tokenization Amid Wall Street Pushback | CoinDesk Daily

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the stalled CLARITY Act and how crypto's newness in DC stacks up against TradFi's decades-old relationships. They also dig into two hot topics: Erebor raising $1.5 billion at a valuation near $9.5 billion, and FlightAware's short-lived trademark lawsuit against prediction market Kalshi. Then they sit down with Brooke Ybarra, Head of Innovation at the American Bankers Association, who breaks down the yield compromise on payment stablecoins, makes the ABA's case that stablecoin growth could pull deposits away from community banks and shrink local lending, and explains how banks of all sizes are already experimenting with tokenized money and tokenized deposits. Plus, Rebecca and Renato debrief on the bipartisan holdouts and name SEC Chair Paul Atkins as their Person of the Week.

NOTE (Aug. 14, 09:00 ET): this episode was recorded before the SEC canceled the open meeting originally scheduled for Friday.-This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.-To view the ABA's recommended changes to legislative text of the Clarity Act, please see their Joint State Association Letter to the Senate: https://www.aba.com/advocacy/policy-analysis/Joint-Letter-to-the-Senate-on-the-Clarity-Act

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Chapters/Timecodes:00:00 Welcome to The Policy Protocol01:12 CLARITY Stalls Before the August Recess03:03 Crypto vs. TradFi: A New Entrant in DC05:18 Why Clarity Levels the Playing Field06:20 Hot Topic: Erebor's $1.5B Bank Raise08:38 Hot Topic: FlightAware Sues Kalshi12:06 Brooke Ybarra of the ABA Joins the Show12:38 The Yield Compromise and Interest-Like Payments14:59 The Deposit Flight Debate17:22 How Banks Are Innovating with Tokenized Money19:49 What Happens If CLARITY Doesn't Pass22:45 Person of the Week: SEC Chair Paul Atkins

The ABA's Case That Crypto Could Drain Community Banks

DoubleZero Edge is partnering with Kalshi to deliver Wall Street-grade market data to the world's largest CFTC-regulated prediction market. Co-Founder Austin Federa joins Jennifer Sanasie on Markets Outlook to unpack why professional infrastructure took so long to reach crypto, what the 10/10 flash crash revealed about new finance's weaknesses, and why faster data could level the playing field for every trader, not just the big firms. Plus, in today's Brand New Rails, we meet the ship captain working to bring the $2 trillion commercial shipping industry on-chain.

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Timecodes:

00:00 - Austin Federa Joins Markets Outlook

00:43 - DoubleZero x Kalshi: Inside the Announcement

02:30 - Why Wall Street Infrastructure Took So Long to Reach Crypto

04:36 - Brand New Rails: Tokenizing the $2 Trillion Shipping Industry

07:13 - Does Faster Data Hurt Retail Traders?

08:16 - Prediction Markets: More Than a Narrative

10:31 - Access, Disruption, and Federa's 2017 Thesis

12:13 - The Catalyst to Watch

13:11 - New Finance's Biggest Challenge

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

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This episode was hosted by Jennifer Sanasie.

Wall Street Infrastructure Comes to Prediction Markets | Markets Outlook

Robinhood CFO and Robinhood Ventures President Shiv Verma joins CoinDesk’s Jennifer Sanasie from the floor of the New York Stock Exchange on the day Robinhood Ventures Fund II began trading. Verma breaks down how the fund gives everyday investors access to early-stage Y Combinator companies at the ground floor.

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Timecodes:

00:00 Robinhood Ventures Fund II Begins Trading on NYSE

00:42 Partnering With Y Combinator for Startup Access

01:11 How Robinhood Values Private Companies Using SAFEs

02:25 Fee Structure, Daily Liquidity, and No Accreditation Required

04:16 Why the Best Companies Are Staying Private Longer

06:13 Robinhood Chain, Tokenization, and the Next Bull Cycle

Want to Invest in YC Startups? Robinhood Has a New Fund for That

Kalshi in talks to raise $750M at a $40B valuation.

Prediction market Kalshi is in talks to raise $750 million at a $40 billion valuation, with Sequoia and Wellington eyeing the round. The company's annualized revenue hit $4 billion in July, nearly four times rival Polymarket. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Kalshi Targets $40B Valuation as Revenue Hits $4B | CoinDesk Daily

XRP's slip below $1.

XRP briefly fell below a dollar for the first time since November 2024, stalling just above $1 as an attacker drained nearly 200,000 XRP from a cross-chain bridge. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

XRP Falls Below $1 for First Time Since Trump's Election | CoinDesk Daily

Paul Frambot, co-founder and CEO of Morpho, has spent years making the case that crypto was never supposed to be a product,  it was always supposed to be the pipes. In this episode of Spotlight, he breaks down how Morpho's open credit network connects borrowers with tens of thousands of lenders globally to deliver better terms, deeper liquidity, and access to credit for people the traditional system has long ignored.
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Timecodes:
0:00 - "The infrastructure is the blockchain"
1:20 - What is Morpho's "open credit network"?
2:41 - How Morpho differs from Aave and Compound
4:24 - Building infrastructure vs. speculation
7:23 - Morpho Blue vs. Morpho Midnight explained
10:03 - Tokenization and expanding borrowing assets
13:26 - Apollo's 9% stake in Morpho's governance token
15:29 - What's still keeping banks off-chain
17:02 - Vision for success 18 months from now
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From our sponsors: 
This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.
-
Check out CoinDesk Research's report on Anvil's on-chain collateral layer and what it means for the future of secured credit at: https://www.coindesk.com/research/anvil-the-missing-collateral-layer

The $200 Trillion Credit Market Is Moving Onchain. Morpho Is Building the Rails.

Riot Platforms' $9B AI deal.

Riot Platforms surged more than 20% after signing a $9.1 billion deal, reportedly with Anthropic, to lease AI computing capacity at its Texas campus. The move shows how bitcoin miners are reinventing themselves as AI infrastructure landlords. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Bitcoin Miner Riot Lands $9.1B AI Deal With Anthropic | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by co-host Tim Grant, CEO of Deus X Capital, to start off the conversation with Strategy President and CEO Phong Le. He explains why he expects Strategy to outperform Bitcoin in the next bull cycle, how its STRC product and "digital credit" framework aim to make Strategy the "JP Morgan of digital finance." Bitwise Asset Management Head of Research Ryan Rasmussen breaks down Q2 earnings from Circle, Galaxy, and American Bitcoin, arguing the market is mis-pricing Circle ahead of a multi-trillion-dollar stablecoin era. Plus, Jennifer and Tim unpack Bitcoin ETF flows, the best week since April at $853 million in net inflows, and Tim lays out his thesis on sovereign AI, data privacy, and where decentralization fits into the next wave of compute.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market moving news delivered daily, download CoinDesk’s mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:21 Sleepy Markets and 'Groundhog Week' With Tim Grant

02:08 The Coldcard Hack and the Self-Custody Debate

03:15 Strategy's Phong Le Joins Public Keys

03:46 Why Strategy Expects to Beat Bitcoin

04:20 Inside 'STRC' and the Digital Credit Play

09:38 $4.75B in Cash and the Preferred Stock Lesson

11:47 Strategy: 'The Central Bank of Bitcoin'

12:19 Where Strategy's Software Business Fits

14:55 Circle, Galaxy and American Bitcoin Earnings

15:12 Why Bitwise Says Circle Is Mispriced

19:37 Circle's Arc Mainnet and the GENIUS Act

21:07 Galaxy's Pivot From Crypto to AI

24:05 American Bitcoin and the Miner Shakeout

27:41 Trump Ties and CLARITY Act Ethics Risk

30:14 ETF Flows: Bitcoin's Best Week Since April

32:52 Tim Grant on Sovereign AI and Data Privacy

Strategy CEO: 'We Are the Central Bank of Bitcoin'

The Senate opened the first stage of CLARITY voting. 

The U.S. Senate finally took a first step into the procedural votes on the Clarity Act, after the leadership moved early Saturday to start official floor action on the crypto market structure bill. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

U.S. Senate Opened First Stage of Clarity Act Voting | CoinDesk Daily

In his first interview since declaring the ElizaOS token dead, Eliza Labs Founder Shaw Walters sits down with CoinDesk's Jennifer Sanasie to lay out what he says actually happened. He also makes a broader case for why crypto's casino culture is actively driving out the builders who could make the space matter and why he's still coding Eliza every day regardless.

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Timecodes:

00:00 - Shaw Walters Joins CoinDesk
02:23 - “Why Do People Think I Owe Them Anything?"
06:35 - How AI16Z Started: A $75K Joke That Hit $2.6 Billion
10:49 - Does He Regret Launching the Token? 
11:43 - Crypto “Needs to Die And…Be Restarted"
15:34 - On the Burwick Lawsuit: "It Was a Total Scam"18:36 - "The Casino Is Not the Industry"
20:40 - Why He’s Still Building Eliza 24:00 - "Stay Away From All of This and Invest In Yourself"

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This episode was hosted by Jennifer Sanasie. This interview has been edited for clarity and focus.

ElizaOS Founder Shaw Walters on Closing the Foundation, the Burwick Lawsuit, and Why Crypto Is Failing Builders  | Markets Outlook

With the CLARITY Act pushed to September and $130 million drained in the Coldcard exploit, Crypto Market Analyst Ray Salmond joins Jennifer Sanasie on Markets Outlook to unpack Fed rate odds, Bitcoin’s four-year cycle, and the key metrics to watch ahead of a potential CLARITY Act vote. Plus, in today’s Brand New Rails, we explore how Dinari is bringing U.S. stocks on-chain.

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Timecodes:

00:00 - Ray Salmond Joins Markets Outlook

00:55 - Jobs Report and the Fed

01:58 - Bitcoin's Ceiling and the CLARITY Act Delay

02:26 - Why CLARITY Stalled: Banks, Stablecoins, and the Trump Cloud

04:32 - How Crypto Markets Will Front-Run the CLARITY Vote

06:39 - Brand New Rails: Dinari Brings US Stocks On-Chain

09:26 - Bitcoin's Four-Year Cycle: Still Intact?

12:26 - The Coldcard Hack: An Ideological Blow to Self-Custody

15:06 - Beyond Bitcoin: RWA, Prediction Markets, and the Altcoin Reality

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

CLARITY Act Delayed: What It Means for Markets | Markets Outlook

Is CLARITY dead?

The U.S. Senate is set to break for summer recess without voting on the Clarity Act, pushing the crypto market structure bill to September at the earliest. With passage odds slipping, some in the industry argue the SEC and CFTC can fill the gap through guidance alone. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Clarity Act Stalls Again as Senate Breaks for Recess | CoinDesk Daily

Sandisk and Western Digital shares fell after record earnings.

Sandisk and Western Digital both fell despite record quarterly results, a sign the AI trade may be stalling. With gold climbing and bitcoin holding above $64,000, is this a sign that traders are seeing capital rotating back toward crypto? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

AI Storage Stocks Crash: Is Capital Rotating? | CoinDesk Daily

JPEG Trading Co-Founder Kevin March joins CoinDesk's Sam Ewen to break down how his firm is building end-to-end liquidity for new crypto assets and why DeFi lending is the innovation most likely to make the space useful long-term. He explains how tokenized stocks are seeing organic, consistent growth in 2026, why prediction markets are one of crypto's best UX wins yet, and what agentic AI trading actually looks like in practice.

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Timecodes:

00:00 - JPEG Trading Founder Kevin March Joins CoinDesk

00:37 - What JPEG Trading Does and How It Started

04:39 - Why DeFi Lending Is Crypto's Most Important Innovation

09:44 - Borrowing Against Real-World Assets Without a Bank

12:19 - Tokenized Stocks Are Seeing Organic, Consistent Growth

15:30 - JPEG's Role in Prediction Market Liquidity

19:39 - The Reality of AI and Agentic Trading

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

JPEG Trading's Kevin March on Tokenized Stocks, DeFi Lending, and the Future of Prediction Markets

SPCX tumbles despite beating earnings estimate.

SpaceX reported its first quarterly results as a public company, beating on revenue but falling 11% as investors focused on heavy capital spending. Its 18,712 bitcoin lost roughly $195 million in value during the quarter. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

SpaceX Shares Tumble Despite Earnings Beat | CoinDesk Daily

Hashdex to shut down its spot Bitcoin ETF.

Hashdex is shutting down and liquidating its spot bitcoin ETF, in what appears to be the first liquidation of a U.S. spot bitcoin fund. Inflows have dried up as investors chase AI returns, with the spot bitcoin ETFs posting net outflows three months running. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Is Money Flowing to AI? First U.S. Spot Bitcoin ETF Is Set to Close | CoinDesk Daily

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the current state of crypto and the industry's evolution before digging into the George Santos CFTC settlement and the ColdCard hardware wallet hack.

They are joined by SEC Commissioner Hester Peirce, who is departing the agency for academia after nearly a decade of service. Peirce reflects on the legacy she hopes to leave and shares a piece of parting advice for the industry. Plus, insights into what the SEC can and can't do on crypto rulemaking if the CLARITY Act fails, though she remains “optimistic” that the bill will pass.

And, Rebecca and Renato name Senators Thom Tillis (R-NC) and Ruben Gallego (D-AZ) as their bipartisan Person of the Week for the ethics compromise they delivered to the White House.

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

-

Chapters/Timecodes

00:24 Welcome to The Policy Protocol

00:39 Crypto's 'Maturation' and Its TradFi Era

02:03 George Santos, the CFTC, and Kalshi

03:08 Prediction Markets vs. the States

04:35 The ColdCard Hack and Self-Custody

06:42 Quantum Risk and Bitcoin's Design Tradeoffs

07:39 SEC Commissioner Hester Peirce Joins the Show

09:00 Peirce's Legacy: Let People Try Things

10:01 Why the SEC Should Read Its Jurisdiction Narrowly

11:42 A Message to Industry: Build Things People Need

12:50 What the SEC Can Do If CLARITY Doesn't Pass

17:06 Rebecca and Renato Debrief on Commissioner Peirce

18:25 Person of the Week: Sens. Tillis and Gallego

20:26 CLARITY Isn't an Industry-Friendly Bill

SEC's Hester Peirce’s Parting Advice for Crypto

Coldcard wallet losses may near $114 million.

A flaw in how Coldcard hardware wallets generated their keys let an attacker sweep roughly 594 bitcoin — about $38 million — from around 500 wallets in just 25 minutes. The bug traces back to a March 2021 firmware update. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Nearly $114M of Bitcoin Lost in Continued Coldcard Attacks | CoinDesk Daily

594 Bitcoin gone.

A flaw in how Coldcard hardware wallets generated their keys let an attacker sweep roughly 594 bitcoin — about $38 million — from around 500 wallets in just 25 minutes. The bug traces back to a March 2021 firmware update. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

The Flaw That Drained $38M in Bitcoin in 25 Minutes | CoinDesk Daily

On CoinDesk's The Policy Protocol, Renato Mariotti is joined by guest host Ari Redbord, Global Head of Policy at TRM Labs, for a conversation on the politics of the CLARITY Act, the state-vs-federal fight over prediction markets, and Wisconsin's invocation of an 1849 law that could bar prediction-market users from voting.

And, they sit down with Rachel Anderica, Head of Global Operations at Anchorage Digital, who walks through Anchorage's agentic banking build inside its OCC trust and a "cashless reserves" model in partnership with JPMorgan.

Plus, the hosts name the TradFi endorsers of CLARITY — BlackRock, Fidelity, and Goldman Sachs — as the Person of the Week.
-
This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.
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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠
-
Timecodes:

00:00 Cold Open: Wisconsin's 1849 Voting Law

01:13 Welcome to The Policy Protocol

01:29 Ari Redbord Joins as Guest Host

02:13 CLARITY's Law Enforcement Provisions

03:05 'Burn and Reissue': Getting Funds Back to Victims

04:19 The Politics: Why the Votes Aren't There

06:26 Prediction Markets and the CFTC Battle

08:04 Wisconsin's 1849 Law and the Right to Vote

09:53 Federalism, Circuit Splits, and the Road to SCOTUS

11:10 The HFSC Scam Report and AI at Scale

14:04 Rachel Anderika of Anchorage Digital Joins

14:34 Who's Liable When an Agent Moves Money?

18:56 OCC Rulemaking, Secondary Markets, and Sanctions

20:40 'Cashless Reserves' with JPMorgan Tokenized Funds

22:53 Trash Talk: The Skinny Master Account

24:29 Person of the Week: The TradFi Endorsers of CLARITY

Could Wisconsin Strip Your Voting Rights for Using Prediction Markets?

Zcash activated its Ironwood upgrade, sealing roughly $1.7 billion in ZEC behind a one-way turnstile after a researcher found a flaw that could have minted counterfeit coins. Here’s everything you need to know. Plus, on Brand New Rails: POSCO International puts its trade receivables on-chain with LG CNS on Injective. CoinDesk's Jennifer Sanasie hosts Markets Outlook.

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00:00 Welcome to Markets Outlook

00:55 Zcash Activates Ironwood, Seals $1.7B Orchard Pool

01:18 The Four-Year Orchard Counterfeit Bug

02:15 How the Turnstile Locks Out Counterfeit Coins

02:32 Quantum Recovery and Verification

03:05 The Voluntary Migration to Ironwood

03:53 Who Is Zcash For? Tushar Jain Weighs In on The Rollup

04:32 Why Ironwood Matters Beyond Zcash

06:19 Brand New Rails: Tokenizing Global Trade

06:38 POSCO Puts Trade Receivables On-Chain with Injective

07:03 What is a Trade Receivable?

07:24 Injective CEO Eric Chen on Faster Settlement

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at ledn.io

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

-

This episode was hosted by Jennifer Sanasie.

Zcash Sealed $1.7B – Here's Everything You Need to Know | Markets Outlook

Telegram faces terror-related case in Australia.

Australian regulators are taking Telegram to court over its alleged failure to remove terror-related content, with a fine of up to $38 million on the line. The case comes just one day after Russia charged founder Pavel Durov with aiding terrorism. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Telegram Hit With Terror Cases in Two Continents | CoinDesk Daily

RealFi CEO John O'Connor joins CoinDesk's Sam Ewen to explain how his platform is reimagining the stablecoin model, replacing reflexive DeFi yield with real-world fixed income assets, and giving holders of sUSDr the returns that issuers like Tether and Circle currently keep for themselves. He breaks down the portfolio construction behind USDr, why crypto treasurers are the ideal first customer, and what he learned from testnet ahead of a mainnet launch.

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Timecodes: 

00:00 - RealFi's John O'Connor Joins CoinDesk

00:56 - What Makes USDr Different From USDC and USDT

05:22 - Cross-Chain Interoperability and the New Risk Surface

06:46 - How RealFi Manages Portfolio Risk and Liquidity

11:39 - Who Is RealFi's Ideal Customer?

12:42 - The Pitch to Crypto Treasurers

14:22 - Yield-Bearing Collateral and Looping Strategies

15:44 - How TradFi Is Adopting DeFi's Best Ideas

18:10 - Testnet Learnings: UX Debates and Community Excitement

19:41 - What Success Looks Like in 18 Months

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. RealFi is launching August 2026. Join the Testnet now at realfi.co.

RealFi Wants to Put Your Idle Stablecoins to Work

Johann Kerbrat, SVP and GM of Crypto at Robinhood, breaks down why Robinhood built its own blockchain and what it unlocks for the tens of millions of retail investors already on the platform. From Robinhood Earn, offering approximately 7% yield on stablecoins, backed by an insurance program with Lloyd's of London, to stock tokens that can be traded on weekends, used as collateral, and transferred to any wallet, Johann lays out a vision where the line between TradFi and DeFi disappears entirely.
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Timecodes: 
0:00 - Intro: Johann Kerbrat, Robinhood 
0:12 - Ecosystem excitement at chain launch
0:48 - Robinhood Chain is permissionless
1:24 - Morpho lending protocol partnership
2:04 - Stock tokens on Robinhood Chain
2:45 - Weekend trading and DeFi volume
3:07 - Tokenization of real-world assets
3:37 - Beyond stocks: real estate, art, private equity
4:36 - Blockchain as backbone for AI/agentic trading
6:00 - Accessibility and giving customers tools
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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading
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Check out CoinDesk Research’s report on Zcash’s push toward private scale and quantum resilience at: https://www.coindesk.com/research/building-the-zcash-machine-tachyon-and-quantum-readiness

Robinhood Is Changing the Rules of Investing

BNY's $8.6T move onchain.

BNY is bringing its transfer agency business — which services about $8.6 trillion across 7.6 million accounts — onto the blockchain, with Baillie Gifford, BlackRock and Dreyfus lined up to use it. It's one of Wall Street's biggest bets yet on tokenized funds. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

BNY Moves $8.6 Trillion Fund Business Onchain | CoinDesk Daily

Morgan Stanley Investment Management's Global Head of ETFs Ally Wallace breaks down the firm's newly launched Ether and Solana ETFs from the floor of the New York Stock Exchange. Wallace explains why Morgan Stanley priced all three of its crypto products at 14 basis points — the cheapest on the market — and how its April Bitcoin ETF became the firm's most successful launch ever. And, she unpacks the staking component of the new proof-of-stake products, including Morgan Stanley's decision to pass back 100% of staking rewards to investors.

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00:00 Morgan Stanley Launches Ether and Solana ETFs

00:17 Launching Into a Subdued Crypto Market

00:57 Bitcoin ETF Pulls In $400M, MS's Best Launch Ever

01:27 Competing at 14 Basis Points, the Cheapest on the Market

02:15 The First Bank-Owned Asset Manager in the Space

02:33 Passing Back 100% of Staking Rewards

03:02 How the Staking Economics Work

03:52 Positioning Solana and ETH in Portfolios

04:46 Why Morgan Stanley Chose CoinDesk Benchmarks

05:28 Coinbase and BNY Mellon on Custody

Morgan Stanley Launches Cheapest Ether and Solana ETFs at 14 Basis Points

The Senate puts off the CLARITY Act.

The U.S. Senate has shelved the crypto Digital Asset Market Clarity Act for the moment as it proceeds with different bills on Russian sanctions and federal nominations. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

U.S. Senate Puts Off CLARITY for Now | CoinDesk Daily

North Korea arrests hackers accused of stealing from state banks.

North Korean authorities arrested a group of former military hackers accused of stealing funds from two state banks and laundering the money through crypto, according to a Daily NK report. The regime's hackers stole a record $2 billion in crypto last year. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

-

This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

North Korea Arrests Its Own Hackers Over Stealing From State Banks | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Charles Schwab Head of Crypto Research Jim Ferraioli, who breaks down the odds of a Fed hike, why he believes the CLARITY Act is not yet priced into Bitcoin, and his finding that some 60% of Bitcoin's daily price move can't be tied to macro factors.

Galaxy Head of Firmwide Research Alex Thorn unpacks the newly launched $15 million Bitcoin Security Consortium — backed by nine firms including BlackRock, Coinbase, Fidelity, Galaxy, and Strategy — and Galaxy's own $5 million Bitcoin Quantum Readiness Initiative, while making the case that CLARITY is in its "11th hour" ahead of the August recess.

Finally, FalconX Head of Derivatives Griffin Sears kicks off CoinDesk's Perps Week, explaining how perpetual futures jumped from crypto into oil, single-name equities, and pre-IPO SpaceX exposure. Plus, a look at ETF flows and a Crypto Fear & Greed reading stuck at 30.

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Learn more at https://www.bullish.com/.

-

Register now for CoinDesk's Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/.

-

To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

-

Timecodes:

00:00 Welcome to Public Keys

00:23 Charles Schwab's Jim Ferraioli Joins

00:40 Fed Hike Odds and What to Watch This Week

02:16 Why the CLARITY Act Isn't Priced Into Bitcoin

04:35 60% of Bitcoin's Price Move Is Unexplained

06:30 Ether ETFs Outperform Bitcoin

07:56 What's Really Driving Ethereum's Flows

09:33 Bitcoin's Year-End Outlook and $95K Fair Value

12:02 $15M Bitcoin Security Consortium Launches

12:29 Galaxy's Alex Thorn on Quantum Readiness

16:33 Is $15M Enough to Secure Bitcoin?

19:07 The CLARITY Act at the 11th Hour

21:15 Bitcoin and Ether ETF Flows Diverge

23:05 FalconX's Griffin Sears Kicks Off Perps Week

25:55 Perps Move Into TradFi and Pre-IPO Bets

28:46 What's Still Holding Perps Back

30:15 Crypto Fear & Greed Stuck at 30

Wall Street Giants Back $15M Push to Quantum-Proof Bitcoin as the CLARITY Act Nears a Do-or-Die Deadline

BitMEX to shut down by the end of September.

BitMEX, the exchange that invented the perpetual swap, will shut down on September 23 after an 11-year run. On the same day, it was hit with a proposed class-action suit alleging theft of 622 bitcoin and insider trading. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

BitMEX Is Shutting Down and Facing a Theft Lawsuit | CoinDesk Daily

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the week's biggest policy news from SEC Commissioner Hester Peirce's statement on crypto vaults to the London Stock Exchange's launch of a 24/5 tokenized market.

Then, Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, joins to make the case that the CLARITY Act deserves a Senate floor vote before the August recess and argues that President Trump's agreement to subject himself to conduct restrictions is a "historic" and unprecedented ethics concession. Witt also breaks down the CFTC's expanded mission and the fight over funding and staffing.

Plus, Rebecca and Renato debrief on the lessons of MiCA and the state of bipartisan compromise on the Hill, and name the state attorneys general, led by an op-ed from Montana's AG, as their Person of the Week.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠

-

Check out CoinDesk Research’s report on the evolution of crypto centralized exchanges, with a case study on Binance at: https://www.coindesk.com/research/the-evolution-of-the-crypto-cex-landscape-a-case-study-on-binance

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Timecodes:

00:00 Cold Open: 'No Other President Has Done That'

01:07 Welcome to The Policy Protocol

01:59 Hester Peirce on Crypto Vaults & Onchain Lending

04:22 The LSE's 24/5 Market, LSE24

05:59 NYSE, OKX, and TradFi's Tokenization Push

06:18 The CLARITY Act & Guest Patrick Witt

06:41 Will CLARITY Pass Before the August Recess?

09:01 Inside the Bill's Historic Ethics Provision

11:06 The Tillis Ethics Compromise

12:40 Funding the CFTC's Expanded Mission

14:03 Why CLARITY Isn't a Giveaway to Crypto

17:04 Debrief: MiCA's Lessons and Market Structure

20:37 Person of the Week: State Attorneys General

White House's Patrick Witt: CLARITY Is 'Not a Giveaway' to Crypto and Trump's 'Historic' Ethics Concession

Wanchain bridge hack, why Ethereum keeps getting it wrong, and Cardano's outlook with Charles Hoskinson.

After a bridge hack rattled the Cardano ecosystem, Charles Hoskinson, CEO and Founder of Input Output, joins Jennifer Sanasie on Markets Outlook to lay out why crypto desperately needs wallet insurance, ZK-powered identity, and white hat rescue frameworks. Plus, what Cardano's latest hard fork really means for decentralized governance, why he thinks Ethereum keeps getting it wrong, and what it will actually take for prices to recover. Plus, we look at the DTCC taking tokenized securities live in today’s Brand New Rails segment. 

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Timecodes:

00:00 - Charles Hoskinson Joins Markets Outlook

01:25 - Wanchain Bridge Hack and What It Revealed

02:21 - Why Midnight Was Built for This Moment

03:44 - Why Crypto Needs Wallet and Bridge Insurance

05:28 - How ZK Identity Unlocks Recovery and White Hat Rescues

09:46 - The "Unsexy" Unlock: Why Insurance Could Onboard the Masses

13:17 - Cardano's Hard Fork to v11 and What It Means

14:42 - Cardano's Decentralized Governance in Action

17:35 - Executive Function: The Last Governance Milestone

20:08 - Brand New Rails: What’s Next After the  DTCC Moved Tokenized Securities Into Live Production

22:07 - Cardano's Outlook: Narrative Reset, Bitcoin DeFi, and the Partner Chain Model

26:05 - The Anthropic Analogy: Why Doing It Right Beats Doing It Fast

29:12 - Why Ethereum Keeps Getting It Wrong

36:22 - When Will Prices Catch Up? Charles' Market Framework

42:28 - The AI Wildcard and What It Means for Crypto

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

-

This episode was hosted by Jennifer Sanasie.

Charles Hoskinson on Cardano's Future, Ethereum's Mistakes, and Crypto's Missing Safety Net | Markets Outlook

Revolut valued at $115 billion.

Digital bank Revolut has been valued at $115 billion in a secondary share sale, a 53% jump in under a year that makes it Europe's most valuable private company. The crypto-friendly firm has floated seeking a $200 billion valuation in a future IPO. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

-

This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Revolut Hits $115B Valuation in Employee Share Sale | CoinDesk Daily

Dan Romero, who leads go-to-market at Tempo, joins Sam Ewen with a 12-year crypto perspective that stretches from the early days at Coinbase to building Farcaster to now focusing entirely on stablecoin payment rails. He breaks down why these three things: regulation, infrastructure, and distribution, have finally aligned to make real world crypto adoption possible, and why Tempo's betting on being the best payments chain rather than a general purpose blockchain.
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Timecodes: 
0:00 – Intro on stablecoin yield philosophy
1:20 – From Farcaster to Tempo: the through line
2:56 – The market split: speculation vs. stablecoins
5:37 – Regulatory tailwinds from the Genius Act
8:41 – How yield on Tempo works
14:23 – Balancing privacy and transparency
17:38 – What it takes to win in payments infrastructure
21:01 – Why compliance matters
22:25 – Outlook on the Genius Act rulemaking
-
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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.
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Check out CoinDesk Research’s report on Zcash’s push toward private scale and quantum resilience at: https://www.coindesk.com/research/building-the-zcash-machine-tachyon-and-quantum-readiness

-

"Spotlight" features host Sam Ewen.

"Getting The Fortune 500 Onchain is The Primary Goal"

Clarity Act odds surged after unverified reports of a Trump ethics deal.

Polymarket traders raised the odds of the Clarity Act becoming law this year to 42%, after reports that President Trump agreed to the ethics provision that had stalled the crypto market structure bill. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠

-

This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Clarity Act Odds Jump to 42% After Reported Trump Ethics Deal | CoinDesk Daily

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ben Emons, Founder and Chief Investment Officer of FedWatch Advisors, to break down the market fallout from Moonshot AI's Kimi K3 and why the Fed is now actively debating rate hikes rather than cuts ahead of the August 7th CLARITY Act deadline. 

Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, explains how the firm moved tokenized securities into live production and outlines DTCC's role as an institutional multi-chain orchestrator ahead of a full commercial launch. The conversation turns to ETF flows, where Bitcoin funds finished last week with $76 million in net inflows despite a $425 million outflow on Monday alone, and Ethereum ETFs outpaced Bitcoin inflows led by $135 million into BlackRock's ETHA. 

Finally, Bilal Little, Global ETF Strategist at Direxion, unpacks the debut of BTCU and EVMU — the industry's first 2x leveraged spot Bitcoin and Ether ETFs — explains why an ETF wrapper beats margin on a crypto exchange for retail traders, and responds to Bloomberg ETF analyst Eric Balchunas's thesis that Bitcoin ETFs will mirror gold's 22-year "triumph and pain" trajectory. The episode closes with the Fear and Greed Index at 29.

-

Learn more at https://www.bullish.com/.

-

Register now for CoinDesk's Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/.

-

To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

-

Timecodes:

00:00 Welcome to Public Keys

00:22 Ben Emons (FedWatch Advisors) Joins Public Keys

00:48 China's Kimi K3 Rattles Chip Stocks Friday

01:42 Bitcoin Holds $64K, While AI Sells Off

02:59 Crypto Miners Pivot to AI: HUT8 Up 14%

03:58 Kimi K3 vs. DeepSeek: This Time It's a Price War

05:03 AI Selloff Tightens Financial Conditions, Helps Fed

06:32 Fed Now Debating Rate Hikes, Not Cuts

06:58 CLARITY Act Deadline: August 7th

09:15 DTCC Takes Tokenized Securities Into Live Production

09:36 Nadine Chakar on the 10-Year Journey to Live Tokenization

13:45 DTCC's Multi-Chain Roadmap

15:26 DTCC's Digital Twin Framework

18:14 Bitcoin ETF Flows: $76M Week Masks $425M Monday Outflow

18:49 Ether ETFs Outpace Bitcoin; Robinhood Chain Hits $800M+ Daily Volume

19:35 Bilal Little (Direxion) on the First 2x Spot Crypto ETF Debut

22:42 How BTCU and EVMU Work — and Why Not Just Use Margin?

25:50 Do Bitcoin ETFs Mirror Gold?

27:38 Fear and Greed Index at 29

AI Shock Spares Bitcoin, Wall Street Moves On-Chain, and Leveraged Crypto ETFs Explained

Moonshot AI plans for IPO.

Moonshot AI's Kimi K3 model outscored every AI rival except Fable 5 and GPT-5.6, triggering a semiconductor selloff. Now the company is preparing for a Hong Kong IPO at a $30 billion-plus valuation. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Is China's AI Sector Behind? Moonshot Plans for IPO After Kimi K3 Rattled Markets | CoinDesk Daily

Ledn Founder and Chief Sales Officer Mauricio Di Bartolomeo joins CoinDesk's Jennifer Sanasie to discuss why his platform is adding tokenized gold alongside its flagship bitcoin-backed loan product and what shifting client behavior is telling him about where the market is headed. Plus, why he believes the bear market is nearing its end and where he sees bitcoin closing the year.

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Timecodes:00:00 - Ledn Founder Mauricio Di Bartolomeo Joins CoinDesk

00:33 - Ledn Adds Tokenized Gold

03:24 - Are Gold Bugs Rotating Into Bitcoin?

05:05 - Addressing Tokenized Gold Custody Concerns

08:47 - Gold-Backed Loans Coming to Ledn This Year

10:29 - Bitcoin's Bear Market Bottom & Year-End Price Target

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Ledn Goes Beyond Bitcoin: Tether Gold Trading Now Live, Loans Next

The AI selloff drags bitcoin down.

A deepening selloff in semiconductor stocks pulled bitcoin to $63,000 on Friday as markets questioned whether AI hyperscaler spending will produce the returns to justify chip valuations. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

AI Chip Selloff Drags Bitcoin to $63K | CoinDesk Daily

CoinDesk's The Policy Protocol host Rebecca Rettig is joined by guest co-host Ryan VanGrack, Coinbase's newly appointed Vice Chairman, to unpack the week's biggest crypto policy developments. They begin with the escalating legal standoff between Kalshi, the state of Michigan and the CFTC, before turning to the U.S.-U.K.'s new joint recommendations on stablecoins and tokenized assets.

On the one-year anniversary of the GENIUS Act, Rebecca sits down with the bill's architect, Sen. Bill Hagerty (R-Tenn.), who reflects on the legislative battle to pass the landmark stablecoin law and explains why the CLARITY Act now faces an even more challenging political path.

The episode closes with Hero of the Week Harry Jung, Patrick Whitt's deputy who is stepping into a leading White House role on crypto policy while Whitt takes military leave, and Zero of the Week Sam Bankman-Fried, after the Senate unanimously passed a resolution opposing any pardon or commutation for the former FTX founder.
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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.
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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠
-
Timecodes:
00:00 Welcome to The Policy Protocol

01:14 Coinbase's New Vice Chairman Ryan VanGrack Co-Hosts

03:06 Kalshi, Michigan Courts, and the CFTC Standoff

07:51 US-UK Joint Statement on Stablecoins

11:22 Conversation with Senator Bill Hagerty

11:54 GENIUS at One Year: Countries Copying U.S. Language Word for Word

12:41 Warren's Midnight Amendments and the Real Fight Behind the Bill

17:51 What are CLARITY's Remaining Hurdles?

19:05 Will Democrats Allow a Win? Hagerty on CLARITY's Path Forward

21:11 World Cup Picks With Senator Hagerty

24:37 Hero of the Week: Harry Jung

25:35 Zero of the Week: Sam Bankman-Fried

Elizabeth Warren Tried to ‘Destroy’ the GENIUS Act: Sen. Hagerty

He turned $80,000 into $1.2 Million on one trade.

CEO and Founder of Kaizen, Brian Jung joins Jennifer Sanasie on Markets Outlook. Discover how Jung turned an $80,000 bet on CASHCAT into a million-dollar trade by spotting the Robinhood Chain opportunity before the rest of the market. Plus, why he believes crypto is still in a bear market and what he's watching for the next bull cycle.

And in this week's Brand New Rails, Franklin Crypto CIO Seth Ginns explains why tokenized money market funds are becoming one of the fastest-growing areas of digital assets. 

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Timecodes:

00:00 - Brian Jung Joins Markets Outlook

01:24 - The $80K Trade That Turned Into $1.25 Million

02:13 - How Mistakes Made Brian a Disciplined Trader

03:37 - Why Brian Was Watching Robinhood While Everyone Chased $Ansem

07:34 - How Brian's Research Team Found CASHCAT on Robinhood Chain

10:49 - Why CASHCAT Checked Every Box: The Memecoin Criteria

13:00 - The Exit Strategy: Why Brian Walked Away From a Multi-Seven-Figure Trade

16:13 - Brand New Rails: Tokenized Money Market Funds Hit $15 Billion+

18:34 - Why Brian Sat Out Most of 2026

20:31 - Is the Bitcoin Bottom In? Brian's Framework for Calling It

23:44 - How Brian Jung Got Into Crypto

25:48 - Brian's Long-Term Outlook

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

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This episode was hosted by Jennifer Sanasie.

Inside the CASHCAT Bet That Paid $1.2 Million | Markets Outlook

The Senate votes unanimously against any SBF pardon.

All 100 U.S. senators agreed that FTX founder Sam Bankman-Fried should never receive a pardon or commutation. President Trump has already pardoned Binance founder CZ and Silk Road creator Ross Ulbricht, but the Senate is drawing a clear line at SBF. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Senate Votes 100-0: No Pardon for Sam Bankman-Fried | CoinDesk Daily

Why humans won't shop alone anymore.

Raja Rajamannar, Senior Fellow at Mastercard, joins CoinDesk’s Sam Ewen for a conversation that is equal parts blockchain brand masterclass and roadmap for what marketing looks like when agents start making the decisions. Raja makes the case that agentic commerce doesn't simplify the marketer's job, it doubles it because now you have to win over the human and their agent, and the criteria for each are completely different. 
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Timecodes: 
0:00 – Rethinking sales: humans vs. AI agents
2:17 – Crypto's branding problem
5:47 – Preserving value and remittances as use cases
7:53 – Cash to credit cards: an early parallel to crypto
14:31 – Money, emotion, and the Mastercard brand journey
17:48 – Experiential marketing over traditional ads
19:00 – Mastercard-flavored macarons and sensory branding
20:17 – The rise of agentic commerce
24:38 – Marketing to both humans and their AI agents
29:20 – Building empathy into AI transactions

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠ realfi.co⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

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Check out your rate by using their loan calculator at⁠⁠ ⁠⁠⁠⁠ledn.io⁠⁠

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠ https://x.com/jpegtrading⁠⁠

-

"Spotlight" features host Sam Ewen.

"You Now Have Two Customers: The Human and Their Agent"

Kalshi's volume skyrockets during the World Cup.

Kalshi's World Cup contracts alone generated $7.4 billion in volume before group play ended, more than the entire projected U.S. sportsbook handle for the whole tournament. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠ realfi.co⁠⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠⁠ ledn.io⁠⁠⁠

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠

-

This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Prediction Markets Crushed Sportsbooks During the World Cup | CoinDesk Daily

Strategy skips BTC?

Strategy added $467 million to its cash reserve last week through stock sales — but made zero bitcoin purchases, leaving its holdings unchanged at 843,775 BTC. With BTC trading well below Strategy's average buy price of $75,476, the pressure is on. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

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Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠⁠

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠

-

This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Strategy Raised $467M But Didn't Buy a Single Bitcoin | CoinDesk Daily

AI is reshaping the crypto industry in more ways than one. On this episode of Public Keys hosted by Jennifer Sanasie, TeraWulf CEO Paul Prager explains the company's $19 billion, 20-year AI infrastructure deal with Anthropic and why Bitcoin mining is no longer its core business. Franklin Crypto CIO Seth Ginns discusses why crypto fundamentals are stronger than prices suggest, while Binance.US CEO Stephen Gregory outlines the exchange's comeback strategy. Plus, Bitcoin and Ether ETFs snap an eight-week streak of outflows, and the Crypto Fear & Greed Index shows signs that market sentiment is beginning to recover.

Learn more at https://www.bullish.com/.

-

Register now for CoinDesk's Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/.

-

To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp. 

Timecodes:

00:00 Welcome to Public Keys

00:29 Bitcoin Holds at $63K Through Iran Strikes and Fed Repricing

00:48 SK Hynix Slumps 15%, Kospi Drops 9% After Nasdaq Debut

01:05 Bitcoin Miners Pivot to AI: TeraWulf's $19B Anthropic Lease

01:22 TeraWulf Co-Founder Paul Prager Joins Public Keys

02:06 Selling Abernathy and Recycling Capital

03:24 Timeline and Execution Risks: Building to Full Capacity by 2028

04:48 TeraWulf Exits Bitcoin Mining — For Good

05:43 AI Data Centers, Power Demand, and Community Impact

08:23 Not All Megawatts Are Created Equally

10:20 Franklin Crypto Launches; Seth Ginns Joins Public Keys

12:12 Prices Down, Fundamentals Up: The TradFi-Crypto Disconnect

12:46 Catalysts: Robinhood Chain, OUSD, and Tokenized Equities

16:30 Token Value Capture: The Next Institutional Focus

17:27 Hyperliquid, Lighter, and Legacy Tokens to Watch

19:59 BTC and ETH ETFs Snap Eight-Week Outflow Streak

21:47 Binance US CEO Stephen Gregory Joins Public Keys

22:50 Back From Hibernation: Near-Zero Fees and Path to 20% Share

25:42 Market Outlook: Closer to the Bottom Than the Top

27:54 Fear & Greed at 28; Thank You! See You Next Week

A $19 Billion AI Deal, ETF Inflows Return, and Binance.US Plots a Comeback

US Stocks go 24/7 with Backpack .

Backpack is launching 24/7 trading of US equities for international investors. CEO Armani Ferrante joins CoinDesk Spotlight to explain how users can trade real securities, not synthetic derivatives, around the clock. Plus: why he thinks tokenized stocks will follow the same global adoption path as stablecoins.

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠ realfi.co⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠ https://x.com/jpegtrading⁠⁠

-

"Spotlight" features host Jennifer Sanasie.

Backpack Launches 24/7 US Equity Trading for International Investors

The clock is ticking on the Clarity Act.

A new version of the CLARITY Act could arrive as soon as next week, but disagreements over ethics provisions leave crypto's biggest market structure bill racing against the congressional clock. Plus, Robinhood Chain processes more than $568 million in a single day, New Hampshire blocks a proposed bitcoin-backed bond, and what it all means for the future of crypto markets. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠

-

This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Will the Clarity Act Pass? | CoinDesk Daily

On CoinDesk's The Policy Protocol, hosts Rebecca Rettig and Renato Mariotti break down a case of prediction market manipulation involving 500,000 fake Spotify streams and examine the latest uncertainty surrounding the U.S. Strategic Bitcoin Reserve. Then, Blockchain Association CEO and former CFTC Commissioner Summer Mersinger joins the show to explain why she believes prediction markets are underestimating the CLARITY Act's chances, why the CFTC needs fee-based funding, and what a fully staffed bipartisan commission would mean for the future of crypto regulation. Plus, Rebecca and Renato wrap up with a Person of the Week that shows just how mainstream prediction markets have become.

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Timecodes:

0:00 - Summer Mersinger Joins The Policy Protocol

2:08 - Manipulation on Prediction Markets and Spotify

5:29 - Where Is the Strategic Bitcoin Reserve? (Rebecca)

8:28 - Summer Mersinger on Better Markets and Christy Goldsmith Romero

10:18 - CFTC Resources, Funding & Clarity's Regulatory Framework

15:54 - Clarity Passage Odds + The Single-Commissioner Debate

21:07 - Why Jose Mourinho & Future Are Our People of the Week

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at ledn.io

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

CLARITY's Real Odds, the CFTC's One-Man Show, and the Spotify Scheme Rocking Prediction Markets

Is Ethereum moving too slow?

On today's Markets Outlook, StarkWare CEO Eli Ben-Sasson tells CoinDesk's Jennifer Sanasie why he believes Ethereum's ambitious roadmap must move faster—or risk losing its first-mover advantage to newer, more modern blockchains. He also explains why quantum readiness has become an urgent priority and shares his vision for a durable, peer-to-peer financial system built on true economic freedom.

Plus, in this week's Brand New Rails, we speak with Backpack CEO Armani Ferrante after Backpack Securities' tokenized SpaceX stock (SPCX) surpassed $1 billion in trading volume.

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Timecodes:

00:00 - Eli Ben-Sasson Joins Markets Outlook

01:07 - Eli’s Take on Vitalik's Ethereum Roadmap

03:23 - What Eli Would Do Differently: Speed and StarkNet Lessons

04:34 - What's at Stake if Ethereum Falls Behind

06:04 - What Ethereum Needs Now: Speed and Governance Transparency

09:25 - Brand New Rails: SpaceX IPO Drives Record Tokenized Equity Trading

11:16 - Recursive STARKs and Ethereum's Upgrade Path

13:01 - Quantum Computing: Can Ethereum Move Fast Enough?

16:58 - Privacy Wars: Zcash, Ethereum, and the Race for a Standard

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at ledn.io

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

-

This episode was hosted by Jennifer Sanasie.

Ethereum Must Move Faster or Risk Losing Its Edge Says Starkware Founder | Markets Outlook

The first breakout hit for Robinhood's blockchain is a memecoin.

Robinhood launched its blockchain on July 1 to move stocks onchain. Eight days later, the first breakout hit is a memecoin called CASHCAT, with one early buyer walking away with over $1 million between his sale and remaining tokens. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠

-

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Trader Turns $800 into $1 Million | CoinDesk Daily

The future of Meta with Chief Data Officer Alex Schultz.

Alex Schultz, Chief Data Officer at Meta, joins Sam for a wide-ranging conversation covering why Meta believes agentic commerce could become the majority of its business, why stablecoins are a foregone conclusion, and why human taste and creative conviction matter more in an AI world than ever before.
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Timecodes:
0:00 - Cold open: Warren Buffett's "man, machine, and dog" quote
0:29 - Show intro & Alex Schultz background (CMO → Chief Data Officer at Meta)
8:52 -  Using data to find non-average insights: Asia trends, shoppertainment, conversational commerce
11:33 - Staying ahead of the puck: Stories, Messenger, missing TikTok's rise
13:32 -  Creators, shoppertainment, and human vs. AI balance
18:00 - Bad AI work is bad work: Alex's Claude/Antarctic cruise data project
20:16 - Taste and conviction matter more than ever; Buffett quote revisited
23:07 - Fear-mongering vs. job creation (radiologists, software engineers)
24:39 - Agentic commerce, Meta's Libra history, and business agents on WhatsApp
27:21 - Stablecoins as the future of digital payments
35:42 - Agentic economy's impact on marketing and the funnel
38:56 - The metaverse, AR glasses, and Meta Ray-Bans/Oakleys
44:25 - Closing remarks

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠ realfi.co⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠ ⁠⁠ledn.io⁠

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠ https://x.com/jpegtrading⁠

-

"Spotlight" features host Sam Ewen.

Alex Schultz on Meta’s Future: “It Might Be The Next Tier of Business For Our Entire Company”

Elon Musk lost $50B?

SpaceX shares fell over 6% and Tesla dropped nearly 4% on Tuesday, wiping more than $50 billion off Elon Musk's net worth and pushing him below the $1 trillion mark. Meanwhile, SpaceX's bitcoin wallet — holding 18,712 BTC — made its first transaction in six months. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠.

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠

-

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Elon Musk Loses $50 Billion in a Single Day; SpaceX Moves Bitcoin | CoinDesk Daily

Inside BONK's $20M attack.

An attacker spent $4.4 million buying BONK tokens, passed a malicious governance proposal with just 7 wallets voting, and walked away with $20 million from the treasury — without hacking anything. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠ realfi.co⁠⁠⁠.

-

Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠⁠ ledn.io⁠⁠⁠

-

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠

-

This episode was hosted by Uyen Truong “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

How An Attacker Stole $20M From BonkDAO Using Its Own Rules | CoinDesk Daily

On this episode of CoinDesk's Public Keys at the New York Stock Exchange, Jennifer Sanasie is joined by Two Prime Founder and CEO Alex Blume to discuss Bitcoin's range-bound price action, Strategy's accelerating Bitcoin sell-off, and why he's skeptical of the stablecoin consortium behind OpenUSD that knocked Circle lower. 

In a taped interview from the NYSE floor, Securitize CEO Carlos Domingo breaks down the company's NYSE debut under the ticker SECZ via a SPAC deal, its more than $400 million raise, and its move to tokenize its own common stock on the Solana and Avalanche blockchains. 

Plus, Lumida CEO Ram Ahluwalia makes sense of the macro picture — from MicroStrategy's shift from Bitcoin's marginal buyer to marginal seller and the bull case for Hyperliquid, to why he sees non-farm payrolls as "noise" under new Fed Chair Kevin Warsh.

-

Learn more at https://www.bullish.com/.

-

Register now for CoinDesk's Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/.

-

To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

-

Timecodes:

00:00 Welcome to Public Keys

00:22 Two Prime Founder and CEO Alex Blume on Bitcoin's Range

01:26 Strategy Sells 3,588 Bitcoin to Fund Dividends

03:53 How Bitcoin Breaks From the Strategy Narrative

05:46 Circle Drops 15% on OpenUSD Consortium News

09:13 Securitize (SECZ) Goes Public on the NYSE via SPAC

10:56 Why Securitize Chose a SPAC Over an IPO

12:10 Securitize Tokenizes Its Own Stock on Solana and Avalanche

13:33 Bitcoin, Ether and Hyperliquid ETF Flows

14:37 Lumida CEO Ram Ahluwalia on MicroStrategy's Shift to Selling

16:53 The Bull Case for Hyperliquid

17:37 Non-Consensus Picks: Quality Stocks and ICE

19:09 Why Non-Farm Payrolls Are 'Noise'

20:37 Fed Chair Kevin Warsh Won't Hike or Cut

21:44 Can AI Beat the Market?

23:41 Fear & Greed Index at 24

Is the Saylor Playbook Cracking? Bitcoin's Biggest Buyer Just Became a Seller

The CLARITY Act missed the July 4th target deadline.

The CLARITY Act is now facing a hard deadline of August 7, the last day the Senate can act before the summer recess. With Trump disclosing $1.4 billion in crypto income last year, Democrats are digging in on an ethics provision. Is the clock running out on the bill? CoinDesk's Sam Ewen hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠ realfi.co⁠⁠.

-

Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠ ledn.io⁠⁠

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠ https://x.com/jpegtrading⁠⁠

-

This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Polymarket Bettors Say the CLARITY Act Has a 47% Chance to Be Signed Into Law in 2026 | CoinDesk Daily

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open with two hot topics: the SEC's request for public comment on "novel" ETFs and the launch of Open USD, a new stablecoin protocol backed by Coinbase, major banks, Visa, and Mastercard. Christian Catalini, Founder of the MIT Cryptoeconomics Lab and co-creator of Facebook’s Diem/Libram project, joins to argue that the alliance's real test will be in  governance. Plus, Rebecca and Renato close by naming their Person of the Week ahead of an important July 4th target. 

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Timecodes:

00:00 - Welcome to The Policy Protocol

01:57 - SEC Opens Public Comment on "Novel" ETFs

04:39 - Open Standard and the Antitrust Question

07:27 - Christian Catalini on Libra’s Lessons, Neutrality, and Governance

16:14 - Person of the Week

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

-

Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at ledn.io

-

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

From Libra to Open Standard’s OUSD: What Facebook's Failed Stablecoin Teaches Us

JPMorgan on Strategy's policy of allowing bitcoin sales.

JPMorgan says Strategy's new policy of allowing bitcoin sales to fund preferred dividend payments has introduced "two-way risk" to crypto markets. The bank wants 24-36 months of cash coverage — right now Strategy only has 17. With the company holding 4% of all bitcoin and driving roughly 70% of net digital asset inflows this year, any shift toward selling would matter. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠ realfi.co⁠.

-

Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠ ledn.io⁠

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠ https://x.com/jpegtrading⁠

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

JPMorgan Says Strategy's Bitcoin Sales Are a Market Risk | CoinDesk Daily

Will Bitcoin dip below $50K?

On today's Markets Outlook, 10x Research Founder and CEO Markus Thielen tells CoinDesk's Jennifer Sanasie why he sees Bitcoin dropping even more before recovery, with $7B in ETF outflows since mid-May and MicroStrategy stepping back as the last real buyer. Plus, why he stays bearish on Ethereum, why he's calling Hyperliquid overvalued, and why nothing turns around until the Fed goes dovish.

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Timecodes:

00:00 Bitcoin Could Dip to $46K Before Year-End Rally

01:20 Bitcoin Falls Below $60K: What's Driving the Selloff?

02:37 $4.5B in ETF Outflows, Saylor's Bitcoin Sale, and Missing Catalysts

03:14 Why the Genius Act and CLARITY Weren't Real Catalysts

05:00 When Does the Fed Turn Dovish? The Macro Case for a Rally

05:19 Kevin Warsh Nomination Was the Turning Point for Bitcoin

07:27 Why Bitcoin Could Break Below $50K to $46–47K

09:41 The 2022 Parallel: Grayscale's SEC Win as the Sentiment Shift

11:06 Brand New Rails: Securitize Lists on NYSE

12:40 Where Does Bitcoin End the Year?

13:51 Why Markus Is Still Bearish on Ethereum

15:20 Stablecoin Activity Isn't Accruing to ETH Holders

16:40 The Bull Case for ETH Has Broken Down

17:28 Hyperliquid Overvalued at $72?

18:33 Why HYPE Is Unlikely to Reach $100

19:46 What to Do Now: Covered Calls, Shorts, and Watching for the Low

-

This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.

-

Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at ledn.io

-

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading

-

This episode was hosted by Jennifer Sanasie.