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Unchained

Bits + Bips: Market Chaos, Fed Missteps & Harris' ‘Crypto Reset’ - Ep. 688

Aug 14, 2024
Chris Cecere, GP and Head of Global Macro and Trading at Asymmetric, shares insights into the volatile crypto market. He discusses the yen carry trade's role in recent sell-offs and the Fed's missteps regarding interest rates. The conversation also sheds light on the SEC's crackdown on Ripple and its implications for the crypto landscape. Additionally, Cecere reflects on the upcoming signals from Jackson Hole, touching on economic disparities and the ongoing drama surrounding the custody of wrapped bitcoin.
01:06:01

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Podcast summary created with Snipd AI

Quick takeaways

  • The yen carry trade's unwinding has significantly contributed to recent market volatility, highlighting interconnectedness across various financial instruments.
  • Strategies like delta replacement have been pivotal in managing risk during market sell-offs, allowing traders to maintain exposure without panic selling.

Deep dives

Upcoming Book Event in Seoul

A book event will take place in Seoul, South Korea, for the Korean translation of the book titled 'Ethereum Billionaires.' Scheduled for August 19th at 7 pm at a venue named Chemistry in Gangnam, attendees can purchase the book at a discount and engage in conversations with the author. The event provides an opportunity for readers to have their copies signed, ask questions, and socialize with others interested in cryptocurrency. Those wanting more information can find details and RSVP through a link posted on Twitter.

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