CoinDesk Podcast Network Trump's Impact on Crypto Markets and the Search for a New Crypto Catalyst in 2026
Feb 25, 2026
Le Shi, Managing Director at Auros Hong Kong and macro-driven crypto strategist. He explains how global macro and US political headlines now steer bitcoin. Short takes cover TradFi-crypto convergence, market volatility and the hunt for a fresh catalyst before the US midterms. A concise look at what could break the current choppy regime.
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Builders Keep Building At Consensus Hong Kong
- Conference attendance remains strong despite market volatility, showing builders continue to work on projects.
- Le Shi observed persistent excitement and predicted many current projects will surface in six to 12 months.
Crypto Now Moves With TradFi Headlines
- Crypto is increasingly converging with global macro and TradFi drivers rather than moving on purely crypto-specific narratives.
- Le Shi points to traders tying bitcoin moves to S&P/Nasdaq reactions and major political headlines like Trump developments as evidence.
Headlines Trigger Fast Narrative Swings
- Market narratives shift quickly and initial reactions can reverse as traders reassess nominees or data points.
- Le Shi used the Kevin Warsh nomination, JGBs, USD/JPY moves, and nonfarm payrolls as daily examples that sway crypto prices.