CoinDesk Podcast Network

Bitcoin has plummeted 30%, leaving ETF holders in a tight spot. Colin and Charlie dissect the November 2025 crash's fallout for miners and treasury companies like MicroStrategy. They explore whether this downturn is mere volatility or something deeper. Discussions also cover the struggles of treasury firms facing capital access challenges and the risks of leverage. With hash prices at record lows, the pressure on miners is immense. Tune in for insights on what this means for your portfolio and the ongoing crypto landscape.

Chris Sullivan, co-founder of Hyperion Decimus and a seasoned portfolio manager, shares insights on the current crypto market drawdown. He believes this 'seller exhaustion' phase presents a prime opportunity to accumulate hard assets. Drawing parallels to historical recovery patterns, he discusses how trend-following strategies indicate market maturity. Chris also highlights rising institutional interest and the unique position of Bitcoin amidst tokens facing dilution. His perspective on the shifting market dynamics is both enlightening and actionable.

Bitcoin takes a nosedive, tumbling about 8% amid a severe liquidity crunch, leading to nearly $2 billion in liquidations. Traders are feeling the heat, with 396,000 wiped out, including a jaw-dropping $36.7 million position. Meanwhile, Calci catches the spotlight with its billion-dollar valuation and compliant market position. Plus, crypto advocates are rallying to urge President Trump on key regulatory issues. Can the market bounce back, or is more turbulence ahead?

Haley Thompson, Director of Energy Trading at Luxor Technology, is the guest, bringing her expertise on energy trading and AI's impact on power markets. She dives into the ERCOT dynamics, explaining how AI demand is stressing infrastructure while detailing the significant 166GW load growth projection through 2030. The discussion also covers risks associated with reliance on natural gas and the funding of infrastructure buildouts, highlighting the major beneficiaries in the energy sector.

Steven McClurg, CEO of Canary Capital and a pioneer in crypto ETFs, dives into the evolving landscape of crypto ETPs. He discusses the recent positive regulatory shifts that have opened doors for innovation. McClurg highlights how generic listing standards have expedited filings, providing a first-mover advantage. He shares insights on the success of their XRP ETP launch, driven by high demand. Looking ahead, he forecasts a surge in altcoin and meme coin ETPs, while analyzing potential successes and challenges.

The chance of a Federal Reserve rate cut has dropped to 30%, raising concerns during a data blackout on employment figures. Internal divisions among Fed officials about policy direction were revealed, complicating future decisions. Meanwhile, Cathie Wood’s ARK Invest made significant crypto-equity buys, signaling confidence in the market. Also, a CFTC nominee highlighted the need for clear regulations in crypto, but warned of risks if lone commissioners push policy solo. A dynamic discussion on the intersection of finance and digital assets!

Michael Lau, Consensus Chairman based in Hong Kong, and John Darsie, CEO of SALT, join to preview an upcoming Institutional Summit focused on cryptocurrency in Asia. They discuss the importance of Hong Kong as a financial hub and the growing institutional interest in digital assets. John shares insights on the partnership strategy and the resilience of crypto post-liquidity events. Michael explains the summit's aim to educate investors, tackle tough discussions, and encourage candid debates among participants.

Allen Farrington, a venture investor and Bitcoin-native company founder, joins Harris Irfan, a former investment banker specializing in Islamic finance. They explore the intriguing connection between Bitcoin and Islamic finance principles, arguing that Bitcoin aligns naturally with concepts like riba and fractional reserve banking. They discuss the potential of Bitcoin to reinforce Islamic economic systems, the flaws in traditional Islamic banking, and how Bitcoin mining is gaining traction in MENA nations. Their insights point towards a hopeful future for Islamic finance intertwined with Bitcoin.

The cryptocurrency landscape is shaking as BlackRock's spot bitcoin ETF faces a historic $1.26 billion outflow this November, contributing to a staggering total of $2.59 billion withdrawn from 11 ETFs. With a 16% price drop to $52, traders are increasingly hedging against further declines. Meanwhile, Tether makes headlines with an undisclosed investment in Ledin, expected to boost Bitcoin-backed loans significantly. Amidst this turbulence, a major Cloudflare outage disrupts internet services, impacting crypto platforms and beyond.

Patrick Fleury, CFO of TeraWulf, shares insights into the company's financial strategy and recent achievements, including their first AI revenue of $7.2 million. He discusses significant AI contracts with FluidStack and Core42, and the interplay of capital structure amidst rising demand for mining operations. Fleury raises alarms about Bitcoin's security, predicting a potential decline in US hashrate that could pose risks of centralized mining under Chinese control. Tune in for a blend of finance, technology, and critical industry concerns.