MARKETS DAILY: Crypto Update | Is the Bull Market Over? And Why Stablecoins Aren't Hitting Centralized Exchanges?

May 2, 2024

Alex Svanevik, Co-Founder and CEO at Nansen, discusses the potential impact of interest rates, stablecoin issuance, and on-chain activity on the market. The bull market in crypto may see volatility but is not over. Layer twos gaining traction in the crypto ecosystem may surpass Ethereum. Tokenized treasuries are emerging, with potential for more real-world assets on-chain.

Ask episode

Chapters

Transcript

Episode notes

Introduction

00:00 • 3min

Analyzing the Cryptocurrency Bull Market

02:45 • 6min

Exploring Eigen Layer Project and Speculation on Air Drops in Crypto Space

08:35 • 3min

Exploring the Rise of Layer 2 Solutions in the Crypto Sphere and Potential Spotlight on Web3 Gaming

11:31 • 3min

Exploring the Thriving Web3 Gaming Ecosystem and Real-World Assets on the Blockchain

14:18 • 6min

The latest price moves and insights with Jenn Sanasie and Co-Founder and CEO at Nansen, Alex Svanevik.

To get the show every day, follow the podcast here.

Alex Svanevik, Co-Founder and CEO at Nansen, joins "Markets Daily," to discuss the potential impact of interest rates, stablecoin issuance, and on-chain activity on the market.

Takeaways |

The bull market in crypto may experience some choppiness in the coming weeks or months, but it is not over.
Stablecoin issuance is high, but there is a mixed picture in terms of their use on centralized exchanges.
The upcoming Eigenlayer airdrop and the future of layer twos in the crypto ecosystem as (L2s) are gaining traction and may surpass Ethereum L1 in terms of bringing on new users.
The crypto ecosystem is seeing an explosion of L2s and may eventually experience consolidation.
Tokenized treasuries are an emerging trend in the crypto space, with the potential for more types of real-world assets to be traded on-chain.

Chapters |

00:00 Introduction and Market Update

01:15 The Current State of the Crypto Markets

09:41 The Future of Layer Twos

12:42 Tokenized Treasuries as Real-World Assets

LINKS |

CoinDesk 20

Nansen

Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry’s most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15.

Register now at consensus.coindesk.com.

Jenn Sanasie hosted this episode of "Markets Daily," which is produced and edited by senior producer Michele Musso and executive producer Jared Schwartz, along with Senior Booker Melissa Montañez. The original music is by Doc Blust and Colin Mealey. Show notes were assisted by an AI platform.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.