CoinDesk Podcast Network

BitMEX to shut down by the end of September.

BitMEX, the exchange that invented the perpetual swap, will shut down on September 23 after an 11-year run. On the same day, it was hit with a proposed class-action suit alleging theft of 622 bitcoin and insider trading. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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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.

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the week's biggest policy news from SEC Commissioner Hester Peirce's statement on crypto vaults to the London Stock Exchange's launch of a 24/5 tokenized market.

Then, Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, joins to make the case that the CLARITY Act deserves a Senate floor vote before the August recess and argues that President Trump's agreement to subject himself to conduct restrictions is a "historic" and unprecedented ethics concession. Witt also breaks down the CFTC's expanded mission and the fight over funding and staffing.

Plus, Rebecca and Renato debrief on the lessons of MiCA and the state of bipartisan compromise on the Hill, and name the state attorneys general, led by an op-ed from Montana's AG, as their Person of the 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.

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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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Check out CoinDesk Research’s report on the evolution of crypto centralized exchanges, with a case study on Binance at: https://www.coindesk.com/research/the-evolution-of-the-crypto-cex-landscape-a-case-study-on-binance

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Timecodes:

00:00 Cold Open: 'No Other President Has Done That'

01:07 Welcome to The Policy Protocol

01:59 Hester Peirce on Crypto Vaults & Onchain Lending

04:22 The LSE's 24/5 Market, LSE24

05:59 NYSE, OKX, and TradFi's Tokenization Push

06:18 The CLARITY Act & Guest Patrick Witt

06:41 Will CLARITY Pass Before the August Recess?

09:01 Inside the Bill's Historic Ethics Provision

11:06 The Tillis Ethics Compromise

12:40 Funding the CFTC's Expanded Mission

14:03 Why CLARITY Isn't a Giveaway to Crypto

17:04 Debrief: MiCA's Lessons and Market Structure

20:37 Person of the Week: State Attorneys General

Wanchain bridge hack, why Ethereum keeps getting it wrong, and Cardano's outlook with Charles Hoskinson.

After a bridge hack rattled the Cardano ecosystem, Charles Hoskinson, CEO and Founder of Input Output, joins Jennifer Sanasie on Markets Outlook to lay out why crypto desperately needs wallet insurance, ZK-powered identity, and white hat rescue frameworks. Plus, what Cardano's latest hard fork really means for decentralized governance, why he thinks Ethereum keeps getting it wrong, and what it will actually take for prices to recover. Plus, we look at the DTCC taking tokenized securities live in today’s Brand New Rails segment.

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Timecodes:

00:00 - Charles Hoskinson Joins Markets Outlook

01:25 - Wanchain Bridge Hack and What It Revealed

02:21 - Why Midnight Was Built for This Moment

03:44 - Why Crypto Needs Wallet and Bridge Insurance

05:28 - How ZK Identity Unlocks Recovery and White Hat Rescues

09:46 - The "Unsexy" Unlock: Why Insurance Could Onboard the Masses

13:17 - Cardano's Hard Fork to v11 and What It Means

14:42 - Cardano's Decentralized Governance in Action

17:35 - Executive Function: The Last Governance Milestone

20:08 - Brand New Rails: What’s Next After the DTCC Moved Tokenized Securities Into Live Production

22:07 - Cardano's Outlook: Narrative Reset, Bitcoin DeFi, and the Partner Chain Model

26:05 - The Anthropic Analogy: Why Doing It Right Beats Doing It Fast

29:12 - Why Ethereum Keeps Getting It Wrong

36:22 - When Will Prices Catch Up? Charles' Market Framework

42:28 - The AI Wildcard and What It Means for Crypto

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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.

Revolut valued at $115 billion.

Digital bank Revolut has been valued at $115 billion in a secondary share sale, a 53% jump in under a year that makes it Europe's most valuable private company. The crypto-friendly firm has floated seeking a $200 billion valuation in a future IPO. CoinDesk's Uyen Truong 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

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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 Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Dan Romero, who leads go-to-market at Tempo, joins Sam Ewen with a 12-year crypto perspective that stretches from the early days at Coinbase to building Farcaster to now focusing entirely on stablecoin payment rails. He breaks down why these three things: regulation, infrastructure, and distribution, have finally aligned to make real world crypto adoption possible, and why Tempo's betting on being the best payments chain rather than a general purpose blockchain.
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Timecodes:
0:00 – Intro on stablecoin yield philosophy
1:20 – From Farcaster to Tempo: the through line
2:56 – The market split: speculation vs. stablecoins
5:37 – Regulatory tailwinds from the Genius Act
8:41 – How yield on Tempo works
14:23 – Balancing privacy and transparency
17:38 – What it takes to win in payments infrastructure
21:01 – Why compliance matters
22:25 – Outlook on the Genius Act rulemaking
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From our sponsors:
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
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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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Check out CoinDesk Research’s report on Zcash’s push toward private scale and quantum resilience at: https://www.coindesk.com/research/building-the-zcash-machine-tachyon-and-quantum-readiness

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"Spotlight" features host Sam Ewen.