CoinDesk Podcast Network

Strategy skips BTC?

Strategy added $467 million to its cash reserve last week through stock sales — but made zero bitcoin purchases, leaving its holdings unchanged at 843,775 BTC. With BTC trading well below Strategy's average buy price of $75,476, the pressure is on. 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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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.

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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.

AI is reshaping the crypto industry in more ways than one. On this episode of Public Keys hosted by Jennifer Sanasie, TeraWulf CEO Paul Prager explains the company's $19 billion, 20-year AI infrastructure deal with Anthropic and why Bitcoin mining is no longer its core business. Franklin Crypto CIO Seth Ginns discusses why crypto fundamentals are stronger than prices suggest, while Binance.US CEO Stephen Gregory outlines the exchange's comeback strategy. Plus, Bitcoin and Ether ETFs snap an eight-week streak of outflows, and the Crypto Fear & Greed Index shows signs that market sentiment is beginning to recover.

Learn more at https://www.bullish.com/.

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Register now for CoinDesk's Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/.

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To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

Timecodes:

00:00 Welcome to Public Keys

00:29 Bitcoin Holds at $63K Through Iran Strikes and Fed Repricing

00:48 SK Hynix Slumps 15%, Kospi Drops 9% After Nasdaq Debut

01:05 Bitcoin Miners Pivot to AI: TeraWulf's $19B Anthropic Lease

01:22 TeraWulf Co-Founder Paul Prager Joins Public Keys

02:06 Selling Abernathy and Recycling Capital

03:24 Timeline and Execution Risks: Building to Full Capacity by 2028

04:48 TeraWulf Exits Bitcoin Mining — For Good

05:43 AI Data Centers, Power Demand, and Community Impact

08:23 Not All Megawatts Are Created Equally

10:20 Franklin Crypto Launches; Seth Ginns Joins Public Keys

12:12 Prices Down, Fundamentals Up: The TradFi-Crypto Disconnect

12:46 Catalysts: Robinhood Chain, OUSD, and Tokenized Equities

16:30 Token Value Capture: The Next Institutional Focus

17:27 Hyperliquid, Lighter, and Legacy Tokens to Watch

19:59 BTC and ETH ETFs Snap Eight-Week Outflow Streak

21:47 Binance US CEO Stephen Gregory Joins Public Keys

22:50 Back From Hibernation: Near-Zero Fees and Path to 20% Share

25:42 Market Outlook: Closer to the Bottom Than the Top

27:54 Fear & Greed at 28; Thank You! See You Next Week

US Stocks go 24/7 with Backpack .

Backpack is launching 24/7 trading of US equities for international investors. CEO Armani Ferrante joins CoinDesk Spotlight to explain how users can trade real securities, not synthetic derivatives, around the clock. Plus: why he thinks tokenized stocks will follow the same global adoption path as stablecoins.

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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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"Spotlight" features host Jennifer Sanasie.

The clock is ticking on the Clarity Act.

A new version of the CLARITY Act could arrive as soon as next week, but disagreements over ethics provisions leave crypto's biggest market structure bill racing against the congressional clock. Plus, Robinhood Chain processes more than $568 million in a single day, New Hampshire blocks a proposed bitcoin-backed bond, and what it all means for the future of crypto markets. 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.

On CoinDesk's The Policy Protocol, hosts Rebecca Rettig and Renato Mariotti break down a case of prediction market manipulation involving 500,000 fake Spotify streams and examine the latest uncertainty surrounding the U.S. Strategic Bitcoin Reserve. Then, Blockchain Association CEO and former CFTC Commissioner Summer Mersinger joins the show to explain why she believes prediction markets are underestimating the CLARITY Act's chances, why the CFTC needs fee-based funding, and what a fully staffed bipartisan commission would mean for the future of crypto regulation. Plus, Rebecca and Renato wrap up with a Person of the Week that shows just how mainstream prediction markets have become.

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Timecodes:

0:00 - Summer Mersinger Joins The Policy Protocol

2:08 - Manipulation on Prediction Markets and Spotify

5:29 - Where Is the Strategic Bitcoin Reserve? (Rebecca)

8:28 - Summer Mersinger on Better Markets and Christy Goldsmith Romero

10:18 - CFTC Resources, Funding & Clarity's Regulatory Framework

15:54 - Clarity Passage Odds + The Single-Commissioner Debate

21:07 - Why Jose Mourinho & Future Are Our People 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.

-

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