Eliézer Ndinga, Head of Strategy and Business Development at 21.co, joins a panel discussing the current downturn in crypto markets. They analyze how institutions are adapting to this environment and what the recent Bybit hack means for investor trust. The conversation dives into why Solana is struggling and whether it has reached its lowest point. Eliézer expresses optimism about crypto's long-term recovery and emphasizes the importance of diversification. The group also considers potential catalysts that could reinvigorate the market.
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Bybit Hack
Bybit faced the largest hack in crypto history, losing $1.5 billion.
Bybit filled the gap, demonstrating strong leadership and response.
insights INSIGHT
Bybit's Luck
Bybit's survival of the hack was partly due to luck and having sufficient funds.
The hack could have been much larger, potentially leading to an FTX-like disaster.
insights INSIGHT
North Korea's ETH Holdings
North Korea's Lazarus Group now owns more ETH than Vitalik Buterin after the Bybit hack.
This raises concerns about regulation and the use of ETH by nation-states.
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In 'Mastering the Market Cycle: Getting the Odds on Your Side,' Howard Marks provides a comprehensive overview of market cycles, emphasizing the importance of understanding the patterns of ups and downs influenced by economics, markets, companies, and human psychology. Marks draws on his decades of experience to explain how investors can position their portfolios to take advantage of market cycles by studying past cycles, understanding their origins, and remaining alert for the next cycle. The book highlights that market cycles are driven by cause-and-effect relationships and that investors should prepare rather than predict market outcomes. It also delves into the psychological markers and emotional factors that influence investor behavior during different phases of the cycle.
Crypto markets are down bad—but is this just a rough patch, or are we looking at something bigger?
After a brutal sell-off in Solana, the $1.5 billion Bybit hack, and macro uncertainty weighing on Bitcoin, investors are searching for answers. Some think the worst is over, while others believe more pain is coming before the market turns around.
In this episode of Bits + Bips, Noelle Acheson, Alex Kruger, and Ram Ahluwalia are joined by Eliézer Ndinga of 21Shares to break it all down. They discuss how institutions are approaching this downturn, why Solana has been hit harder than the rest, and what catalysts could bring crypto back to life.
Is this the start of a new accumulation phase, or are we in for another leg down?
Show highlights:
2:36 How the ByBit team responded so well to the hack
17:43 Why the market selloff was not specific to crypto
29:09 How institutions have become more sophisticated about crypto
31:10 Why SOL has been down so much and whether it has bottomed
34:37 Whether tariffs keep having an effect on the markets
37:23 Why the state of the markets makes Eliézer think the crypto asset class has matured
41:27 Whether bitcoin can be a safe haven and the role of diversification
45:26 What the next catalysts for crypto are
49:33 Why Eliézer is so optimistic about the long-term outlook of crypto
Unchained 
