Coinbase Institutional Market Call

In this week’s podcast, we have a special guest, Lauren Abendschein, Global Head of Core Sales at Coinbase, who shares insights from her recent attendance at Consensus and Milken. Lauren has been with CB for over 5 years and has seen the institutional business from the start, making her a true OG in the industry. Joshua Pak provides us with a market update, including some large ETH sellers and updates on the latest memes. David updates us on the latest in macro, including CPI and an overview of the debt ceiling and its impact on crypto, along with what else to look out for. Greg runs us through exchange flows and provides an analysis of changes in open interest and softening of implied volatility. Sid breaks down the BTC congestions and BRC20s in more detail and what this could mean for BTC. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week’s podcast, we dive into the policy landscape of the digital asset space with a special guest, Kara Calvert, Senior Director and Head of US Policy at Coinbase. Kara provides us with valuable insights into what’s happening in Washington and how it could impact the industry.Georg provides a market update, covering price action, a new product release from MPL that combines defi/tradfi, and the change in market cap dominance of major assets.David updates us on the Lido activation and withdrawals queues, the broader macro outlook what to watch at the Fed this week.Greg runs through exchange flows and what’s been happening on the desk, including the sharp move lower last Wednesday, and provides an analysis of options markets.Lastly, Sid discusses the memecoin frenzy that is driving up gas fees and causing a surge in unique addresses interfacing with dexes.HostBen Floyd, Head of Execution ServicesSpecial GuestKara Calvert, Head of US PolicyPresentersGeorg Toropov, Senior CES TraderDavid Duong, Head of Institutional ResearchGreg Sutton, Senior CES TraderSid Shekhar, Senior Blockchain ResearcherLinks mentioned in showInformation on Crypto 435Crypto 435 is our campaign to grow the crypto advocacy community and share tools and resources to make your voice heard.Please get in contact if you want to help drive policy forwardsMint a Stand With Crypto commemorative NFTCoinbase response to Wells NoticeCoinbase Research & Insights Hub Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week’s podcast covers a range of topics impacting the digital asset space. Georg dives into the recent price moves of BTC and ETH, which have trended lower due to technical factors. Georg also discusses the Markets in Crypto-Assets (MiCA) regulation memo, its potential impact on the industry and global regulation more broadly. In the macro section, David covers the dislocation of the front end of the US curve 1-3m and Goldman Sachs’ early X date (when the debt ceiling is hit) prediction. Greg and David also provide updates on a busy week of earnings and what that could mean for digital assets. Finally, Sid examines the latest developments in DeFi, including Agility ETH staking incentives driving a TVL over $200m and a16z’s launch on optimism in the Rust programming language. Tune in for insights and analysis on the latest news in the digital asset space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join us for a special edition of the Coinbase Institutional Markets Call featuring Tania Reif, Founder & CIO of Senda Digital Assets. Tania and the team share their insights on the highly anticipated Shapella upgrade and we discuss Tania’s views on the market after the upgrade and what she is looking out for in the macro environment. Zooming out, Tania shares some of her reflections on the industry post-2022 and some of her hopes for the future and what regulatory clarity could bring to the industry, especially the longer tail of assets. In addition, the team provides insights into how client trading flows have changed post the upgrade and the net withdrawal flows post Shapella. They also cover positioning in ETH, it’s recent strength and some of the big movers to the upside. This is an exclusive opportunity to gain unique perspectives from a leading expert in the digital asset space. Don’t miss out on this informative and engaging conversation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, BTC and ETH are back at levels we haven’t seen for almost a year. The team provides some detail on the rally in BTC, and offers a technical analysis and outline of where we could go from here. They also discuss how ETH has outperformed most of the rest of the market ahead of the widely anticipated Shapella upgrade around 5:27pm ET (10:27pm UTC) on April 12. You can view a network overview including the activation and exit queues here - https://www.rated.network/overview In the macro update, the team shares their insights on the upcoming CPI print and the increasing rates volatility. We think the risk of recession is not currently being reflected properly by the equity markets. On the NFT front, the team discusses the Opensea Pro launch and the battle with Blur for market share. Finally, in our DeFi update, we cover the recent SushiSwap exploit, an update on zkEVM, and the Euler situation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week’s episode, the team focuses on the highly anticipated Shapella upgrade and its potential impact on Ethereum. The team discusses the bull and bear case for ETH post-upgrade, including the withdrawal queue and the potential for ETH sales. Moving on to Bitcoin, the team analyzes the continued strength of BTC and its implications for BTC miners. They also share their insights on which sectors have outperformed in Q1. In the macro update, David shares his thoughts on various macroeconomic factors such as non-farm payrolls, de-dollarization, and money market funds versus reverse repo. The team also covers CEX and DEX flows, providing listeners with valuable insights on the current trends in the market. Additionally, the episode features an update on Defi, including the latest developments such as Euler funds being returned, Arbitrum’s controversial proposal, and a ZK update. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We explore why bitcoin has outperformed ether and many altcoins recently in the context of the current macro environment and the most likely path for the Federal Reserve. Meanwhile, our institutional team discusses the implications for markets from recent regulatory actions. Plus, the long-anticipated ARB airdrop has brought a lot of excitement to the Arbitrum (layer-2) ecosystem, but how should users think about its value going forward? Finally, on DeFi, we saw the launch of zkSync Era to general users and Polygon’s zkEVM mainnet beta go live with both networks seeing an increase in transactions. Tune in for an in-depth analysis on all of this and more and their potential impact on institutional investors. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, our institutional team discusses the news from UBS & CS and the continued weakness in certain regional banks despite significant support. They also explore the outperformance of crypto, the upcoming Fed meeting, and the differences between the new BTFP facility and QE. Additionally, they discuss the latest updates on DeFi including an update on the Euler hack, the Uniswap V4 delay, the Arbitrum airdrop and where that is trading. Lastly, they cover flows on the exchange and the recent increasing dominance of BTC. Tune in for an in-depth analysis on all of this and more and their potential impact on institutional investors. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s been a busy week and while Bitcoin is up sharply, it has traded in a 35% range, wide even by Bitcoin’s standards. Georg and Greg saw flows that they never thought they’d encounter and Sid talks through how DeFi protocols had their fundamental principles questioned. We talk about what’s next and how we in crypto can rely less on the frailties of a legacy banking system. On CPI, David runs us through what this means to markets and what he’s looking out for in next week’s FOMC. Most importantly, what does the Fed think about the financial stresses of last weekend? Finally, Sid runs us through the potential bear case for ETH ahead of the Shanghai (+Capella) upgrade and the supply that may hit the market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In a relatively quiet market since the move down on March 3, we discuss perp funding rates turning negative ahead of the Mt Gox unlock and what we’re seeing on the trading and financing teams ahead of this. David shares key insights from his Asia client trip in the context of easing crypto regulations in HK and takes us through the upcoming macro events. Sid provides an update on the controversial Maker governance proposal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.