CoinDesk Podcast Network Beyond the 'TACO' Trade: Has Bitcoin Moved on From Tariffs? | Markets Daily
May 29, 2025
Fernando Martinez, CEO of Nonco, shares intriguing insights on the crypto market's response to U.S. tariffs and their impact on Bitcoin's stability. He discusses the rise of Hyperliquid and Avalanche, touching on Avalanche's innovative property deed tokenization. The conversation also highlights the booming adoption of stablecoins in Latin America, especially for remittances, and the evolving landscape of payment technologies. Martinez emphasizes the significance of infrastructure investments in the thriving crypto sector.
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Crypto Market Catalysts Today
- Bitcoin has remained strong, trading around 107 to 111 thousand dollars. - New catalysts include Hyperliquid, Avalanche's FIFA L1 launch, and Ethereum's resurgence post-Pectra upgrade.
Ethereum's Competitive Wake-Up
- Ethereum's recent rally is driven by Pectra upgrade and private equity deals. - Ethereum remains a strong chain but must keep competing with others to maintain its position.
Stablecoins Disrupt Traditional Payment
- Dollar stablecoins significantly disrupt traditional SWIFT payments. - Blockchain protocol competition balances technology quality, cost, and network effects.