CoinDesk Podcast Network

JPMorgan on Strategy's policy of allowing bitcoin sales.

JPMorgan says Strategy's new policy of allowing bitcoin sales to fund preferred dividend payments has introduced "two-way risk" to crypto markets. The bank wants 24-36 months of cash coverage — right now Strategy only has 17. With the company holding 4% of all bitcoin and driving roughly 70% of net digital asset inflows this year, any shift toward selling would matter. CoinDesk's Jennifer Sanasie 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 Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Will Bitcoin dip below $50K?

On today's Markets Outlook, 10x Research Founder and CEO Markus Thielen tells CoinDesk's Jennifer Sanasie why he sees Bitcoin dropping even more before recovery, with $7B in ETF outflows since mid-May and MicroStrategy stepping back as the last real buyer. Plus, why he stays bearish on Ethereum, why he's calling Hyperliquid overvalued, and why nothing turns around until the Fed goes dovish.

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Timecodes:

00:00 Bitcoin Could Dip to $46K Before Year-End Rally

01:20 Bitcoin Falls Below $60K: What's Driving the Selloff?

02:37 $4.5B in ETF Outflows, Saylor's Bitcoin Sale, and Missing Catalysts

03:14 Why the Genius Act and CLARITY Weren't Real Catalysts

05:00 When Does the Fed Turn Dovish? The Macro Case for a Rally

05:19 Kevin Warsh Nomination Was the Turning Point for Bitcoin

07:27 Why Bitcoin Could Break Below $50K to $46–47K

09:41 The 2022 Parallel: Grayscale's SEC Win as the Sentiment Shift

11:06 Brand New Rails: Securitize Lists on NYSE

12:40 Where Does Bitcoin End the Year?

13:51 Why Markus Is Still Bearish on Ethereum

15:20 Stablecoin Activity Isn't Accruing to ETH Holders

16:40 The Bull Case for ETH Has Broken Down

17:28 Hyperliquid Overvalued at $72?

18:33 Why HYPE Is Unlikely to Reach $100

19:46 What to Do Now: Covered Calls, Shorts, and Watching for the Low

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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 Jennifer Sanasie.

President Trump's crypto ties.

President Trump earned more than $1 billion from crypto last year, Circle CEO Jeremy Allaire defends USDC and Anthropic is restoring access to Claude Fable 5 and Mythos 5. CoinDesk's Jennifer Sanasie 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 Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Upbit's next move: from Korea's #1 to global contender.

SeonJoo Yoon, Chief Brand & Impact Officer at Upbit, joins CoinDesk’s Sam Ewen to break down why Korea is one of the most fascinating crypto markets on the planet and how Upbit, the country's dominant exchange with 13 million KYC'd users and $1.5 trillion in cumulative trading volume, is now setting its sights far beyond its home turf.
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Timecodes:
00:00 - Upbit’s SJ Yoon Joins CoinDesk’s Spotlight

01:50 - SJ's Early Career Path

05:35 - What Led SJ Yoon Into Web3 and Crypto

14:17 - Korean Tech Culture: Adoption, Connectivity, and Retail Trading Appetite

20:19 - Upbit's Stablecoin Project and Why Stablecoins Matter in Korea's Mobile-First Economy

23:58 - AI-Era payments, CBDC vs. Stablecoin Debate, and Upbit's Layer 2 (with Optimism)

26:03 - Bridging Korean Users to Global Institutions

28:51 - GIWA Web3 Infrastructure, AI Agent Wallets, GASOK accelerator

30:29 - Upbit’s Global Expansion

32:52 - Korea's Regulatory Landscape and the Digital Asset Act

34:42 - Upbit’s Presence at Korea Blockchain Week

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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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"Spotlight" features host Sam Ewen.

The White House pushes for CLARITY.

The White House is meeting with law enforcement groups to resolve objections to the crypto market structure bill. At issue is a provision shielding software developers from money-transmitter rules, which sheriffs argue would exempt mixers and tumblers from anti-money-laundering law. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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