CoinDesk Podcast Network

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ben Emons, Founder and Chief Investment Officer of FedWatch Advisors, to break down the market fallout from Moonshot AI's Kimi K3 and why the Fed is now actively debating rate hikes rather than cuts ahead of the August 7th CLARITY Act deadline.

Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, explains how the firm moved tokenized securities into live production and outlines DTCC's role as an institutional multi-chain orchestrator ahead of a full commercial launch. The conversation turns to ETF flows, where Bitcoin funds finished last week with $76 million in net inflows despite a $425 million outflow on Monday alone, and Ethereum ETFs outpaced Bitcoin inflows led by $135 million into BlackRock's ETHA.

Finally, Bilal Little, Global ETF Strategist at Direxion, unpacks the debut of BTCU and EVMU — the industry's first 2x leveraged spot Bitcoin and Ether ETFs — explains why an ETF wrapper beats margin on a crypto exchange for retail traders, and responds to Bloomberg ETF analyst Eric Balchunas's thesis that Bitcoin ETFs will mirror gold's 22-year "triumph and pain" trajectory. The episode closes with the Fear and Greed Index at 29.

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Timecodes:

00:00 Welcome to Public Keys

00:22 Ben Emons (FedWatch Advisors) Joins Public Keys

00:48 China's Kimi K3 Rattles Chip Stocks Friday

01:42 Bitcoin Holds $64K, While AI Sells Off

02:59 Crypto Miners Pivot to AI: HUT8 Up 14%

03:58 Kimi K3 vs. DeepSeek: This Time It's a Price War

05:03 AI Selloff Tightens Financial Conditions, Helps Fed

06:32 Fed Now Debating Rate Hikes, Not Cuts

06:58 CLARITY Act Deadline: August 7th

09:15 DTCC Takes Tokenized Securities Into Live Production

09:36 Nadine Chakar on the 10-Year Journey to Live Tokenization

13:45 DTCC's Multi-Chain Roadmap

15:26 DTCC's Digital Twin Framework

18:14 Bitcoin ETF Flows: $76M Week Masks $425M Monday Outflow

18:49 Ether ETFs Outpace Bitcoin; Robinhood Chain Hits $800M+ Daily Volume

19:35 Bilal Little (Direxion) on the First 2x Spot Crypto ETF Debut

22:42 How BTCU and EVMU Work — and Why Not Just Use Margin?

25:50 Do Bitcoin ETFs Mirror Gold?

27:38 Fear and Greed Index at 29

Moonshot AI plans for IPO.

Moonshot AI's Kimi K3 model outscored every AI rival except Fable 5 and GPT-5.6, triggering a semiconductor selloff. Now the company is preparing for a Hong Kong IPO at a $30 billion-plus valuation. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠.

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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Ledn Founder and Chief Sales Officer Mauricio Di Bartolomeo joins CoinDesk's Jennifer Sanasie to discuss why his platform is adding tokenized gold alongside its flagship bitcoin-backed loan product and what shifting client behavior is telling him about where the market is headed. Plus, why he believes the bear market is nearing its end and where he sees bitcoin closing the year.

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Timecodes:00:00 - Ledn Founder Mauricio Di Bartolomeo Joins CoinDesk

00:33 - Ledn Adds Tokenized Gold

03:24 - Are Gold Bugs Rotating Into Bitcoin?

05:05 - Addressing Tokenized Gold Custody Concerns

08:47 - Gold-Backed Loans Coming to Ledn This Year

10:29 - Bitcoin's Bear Market Bottom & Year-End Price Target

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Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8-year track record of keeping clients' assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate using their loan calculator at ledn.io.

The AI selloff drags bitcoin down.

A deepening selloff in semiconductor stocks pulled bitcoin to $63,000 on Friday as markets questioned whether AI hyperscaler spending will produce the returns to justify chip valuations. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.

-

Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.

Perfect 8 year track record of keeping clients assets safe.

Don't sell your bitcoin. Get a bitcoin-backed loan.

Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠

JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

CoinDesk's The Policy Protocol host Rebecca Rettig is joined by guest co-host Ryan VanGrack, Coinbase's newly appointed Vice Chairman, to unpack the week's biggest crypto policy developments. They begin with the escalating legal standoff between Kalshi, the state of Michigan and the CFTC, before turning to the U.S.-U.K.'s new joint recommendations on stablecoins and tokenized assets.

On the one-year anniversary of the GENIUS Act, Rebecca sits down with the bill's architect, Sen. Bill Hagerty (R-Tenn.), who reflects on the legislative battle to pass the landmark stablecoin law and explains why the CLARITY Act now faces an even more challenging political path.

The episode closes with Hero of the Week Harry Jung, Patrick Whitt's deputy who is stepping into a leading White House role on crypto policy while Whitt takes military leave, and Zero of the Week Sam Bankman-Fried, after the Senate unanimously passed a resolution opposing any pardon or commutation for the former FTX founder.
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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠.
-
Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.
Perfect 8 year track record of keeping clients assets safe.
Don't sell your bitcoin. Get a bitcoin-backed loan.
Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠
-
JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠
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Timecodes:
00:00 Welcome to The Policy Protocol

01:14 Coinbase's New Vice Chairman Ryan VanGrack Co-Hosts

03:06 Kalshi, Michigan Courts, and the CFTC Standoff

07:51 US-UK Joint Statement on Stablecoins

11:22 Conversation with Senator Bill Hagerty

11:54 GENIUS at One Year: Countries Copying U.S. Language Word for Word

12:41 Warren's Midnight Amendments and the Real Fight Behind the Bill

17:51 What are CLARITY's Remaining Hurdles?

19:05 Will Democrats Allow a Win? Hagerty on CLARITY's Path Forward

21:11 World Cup Picks With Senator Hagerty

24:37 Hero of the Week: Harry Jung

25:35 Zero of the Week: Sam Bankman-Fried