CoinDesk Podcast Network

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Dec 20, 2023 • 1h 21min

UNCHAINED: Why Swan CEO Cory Klippsten Is Still Convinced That Bitcoin Is Headed to $1 Million

The outspoken entrepreneur discusses his unwavering long-term support for the premier cryptocurrency, and why he thinks all alt-coins are eventually going to zero.  Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Take the Unchained 2023 survey!Swan founder and CEO Cory Klippsten is all-in on Bitcoin. Not only does he believe that Bitcoin is poised to reach $1 million by 2030, he also thinks most alt-coins add little to no value and will eventually all go to zero. Accordingly, his company is a massive bet on the future of Bitcoin, from educating people about the world’s first crypto and convincing them to eventually self-custody, to making private equity investments in the Bitcoin ecosystem, to eventually planning to launch the first US Bitcoin-only trust company to create a safer environment for investors. Here he talks to Unchained about his crypto journey, the likely impact of spot Bitcoin ETFs on crypto adoption and prices, his extreme skepticism about Bitcoin Ordinals, when he first knew Sam Bankman-Fried was a fraud and why he thinks that crypto VCs have done a “massive disservice” to the world.Show highlights |  What Swan Bitcoin is, its origin story, and the future trajectory envisioned by Cory Cory's journey into crypto, his journalism background, and the shift to a Bitcoin-centric focus How Cory is navigating discussions with hedge funds, family offices, and insurance companies in anticipation of a Bitcoin spot ETF Swan’s Bitcoin-only investment strategies How lending and borrowing with Bitcoin is evolving Cory's private equity investments within the Bitcoin ecosystem The rationale behind Swan launching the first US Bitcoin-only trust company Swan's stance on financial privacy, especially after warning customers that banks might close their accounts if they used mixers Cory's reasoning for advising against "trading" the Bitcoin spot ETF launch Predictions on when BTC might reach new all-time highs Cory's perspective on Bitcoin Ordinals and their impact on the Bitcoin mempool The concerns about decreasing block rewards and the future security of Bitcoin Why Cory was convinced of FTX's fraudulent nature after reviewing the balance sheet that led to SBF's downfall Why he thinks that VCs have done a "massive disservice” to the world Thank you to our sponsors!Uniswap |  Popcorn Network | Arbitrum FoundationGuest | Cory Klippsten, CEO of Swan BitcoinLinks | Swan Bitcoin:Fortune: Swan deployed more than $200 million in 2023 building out institutional offerings such as Bitcoin-backed lendingProtos: Some Swan Bitcoin customers lose banking accessCoinDesk: BitGo, Swan to Form Bitcoin-Only Trust CompanyWSJ: Crypto Custodian Prime Trust Files for Bankruptcy ProtectionCointelegraph: Swan Bitcoin to terminate customer accounts that use crypto-mixing services Bitcoin ETFs:Previous coverage on spot Bitcoin ETFs:How Much Money Will Flow Into Bitcoin ETFs? Here’s One ProjectionWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETFThe Chopping Block: Are We Back? The ‘Low IQ’ Response to the Potential Spot Bitcoin ETFUnchained: Why the SEC May Want Cash Creation of Spot Bitcoin ETFsBitcoin ETFs Explained: What Are They & How Do They Work?BlackRock Updates Bitcoin ETF Filing to Make Access Easier for Wall Street Banks FTXCoinDesk: Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance SheetOrdinals:Cory’s tweet on Ordinals Unchained:Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market ValueBitcoin Mempool Reaches Record Levels of CongestionBitcoin Ordinal NFTs Are Hot and Getting Hotter. What’s the Hype About?Bitcoin’s BRC-20 Mania: Is It Sustainable?Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to BitcoinLearn more:What Are BRC-20 Tokens? What Are ORC-20 Tokens? How to Create a Bitcoin Ordinal-Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 20, 2023 • 50min

MONEY REIMAGINED: A Holiday Special 'Best of' With Top Picks, Rants, and Bitcoin Insights

A seamless mix of reflection and anticipation of compelling discussions and featuring in this second half of the conversation, the political, economic, and global implications of Bitcoin.This episode is sponsored by Cboe DigitalWe are celebrating the holiday season with a special "Money Reimagined" edition featuring the hosts' top picks from the year in our 'Best of' compilation.In this week's episode, Michael Casey selects two of his favorite picks:  A Rant | The Labyrinth of Digital Feudalism’s Grip and the Quest for Intentionality ‘Flipping the Narrative’: Stories and Statistics of Bitcoin With Troy Cross | Part 2  In the first installment, Sheila Warren takes the spotlight, joining co-host Michael Casey for an impassioned discussion. She recounts her morning encounter with Google, unraveling the pervasive hold of digital feudalism. Brace yourself as she explores how the allure of convenience ensnares us in the intricate web of modern existence.The second pick is Part 2 of Michael Casey and Sheila Warren’s conversation into the world of Bitcoin and climate change with environmentalist and Bitcoin mining OG Troy Cross. Troy, is not only a Professor of Philosophy and Humanities at Reed College but also a distinguished Fellow at the Bitcoin Policy Institute.-From our sponsors:Do you have a trusted partner for your crypto trading? Cboe Digital will introduce financially settled margin futures on Bitcoin and Ether on January 11th, 2024 with physically delivered contracts to follow.  Listed and cleared on Cboe’s U.S. regulated exchange and clearinghouse, and complemented by a liquid crypto spot market for greater ease and access.  We invite you to learn more about this and all applicable risk disclosures at cboedigital.com/coindesk.-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 19, 2023 • 10min

MARKETS DAILY: Crypto Update | Bitcoin ETF Advertising Begins, Ahead of Approval

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market moves, bitcoin ETFs, interest rates and more.Today's episode is sponsored by CME Group.To get the show every day, follow the podcast here.Today’s Stories:Bitcoin ETF Ad War Officially Underway With Bitwise Campaign Small ESG-Focused Crypto Asset Manager Is Another Late Entrant to Bitcoin ETF Race -From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.-This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 18, 2023 • 24min

GEN C: Art Basel Recap – The Cultural Upscaling of Brands

In this episode, we dive into recent news in tech, gaming and all things Miami Art Week.Today's episode is sponsored by Chainalysis.Avery and Sam discuss recent stories in tech regulation, gaming and brands at Miami Art Week. They explore topics like the EU's AI Act, the leaked trailer for Grand Theft Auto 6, brands participating in the metaverse and games and how brands can capture the high-value Art Basel audience.Links mentioned from the podcast:  Decrypt Media Inc. and Rug Radio Merge to Create Global Web3 Publishing Company The EU Just Passed Sweeping New Rules to Regulate AI GTA 6: Grand Theft Auto VI could smash revenue records Follow us on Twitter:  Sam Ewen, Avery Akkineni, CoinDesk, Vayner3 -From our sponsor:Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.-"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 18, 2023 • 11min

MARKETS DAILY: Crypto Update | What High Transaction Fees Tell Us About Bitcoin’s Censorship Resistance

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market moves, bitcoin transactions, U.S. GDP strength and more.Today's episode is sponsored by CME Group.To get the show every day, follow the podcast here.Today’s Stories:BitcoinShrooms: An Ordinals Auction 'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K -From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.-This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 17, 2023 • 8min

MARKETS DAILY: Featured Story | Elizabeth Warren's Crypto Bill Is Likely Unconstitutional and Unlikely to Pass

Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.Today's episode is sponsored by CME Group.To get the show every day, follow the podcast here.Today’s featured story is an opinion piece from CoinDesk's Dan Kuhn, titled: “Elizabeth Warren's Crypto Bill Is Likely Unconstitutional and Unlikely to Pass.”-From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.-This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 16, 2023 • 6min

MARKETS DAILY: CoinDesk Market Index Week in Review

CoinDesk Indices presents six notable market movement highlights from last week.Today's episode is sponsored by CME Group.To get the show every day, follow the podcast here.The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Today’s takeaways are provided by Tracy Stephens, senior index manager of CoinDesk Indices with additional analysis from Jason Pagoulatos, head of markets at Delphi Digital. For more on the CMI you can visit: coindeskmarkets.com.-From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.-This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 15, 2023 • 43min

UNCHAINED: Why the SEC May Want Cash Creation of Spot Bitcoin ETFs

Bloomberg analyst James Seyffart explains why it seems the SEC prefers cash vs. in-kind creation of spot bitcoin ETFs, and why this choice would negatively impact Grayscale. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Take the Unchained 2023 survey!Unchained is doing its annual survey. Let us know what we’re doing well, how we can improve, what you’d like to see more of, and generally, how we can serve you better. The survey also helps us find sponsors whose products and services would appeal to you. Plus, participating gives you an opportunity to win Unchained merch! Five randomly selected respondents will receive one free Unchained t-shirt or mug — your choice. Click here to participate. Thanks so much!The long-awaited approval of a spot bitcoin ETF looks to be mere weeks away, and Bloomberg ETF analyst James Seyffart joins Unchained to discuss the final issues and considerations, especially the battle over whether the new funds will feature in-kind vs. cash creation and redemptions, which appears to be one of the last main sticking points in negotiations between the SEC and fund companies. He also discusses the specific impact of an ETF approval on Grayscale, which runs the $26.6 billion Grayscale Bitcoin Trust, and why he thinks the SEC has thrown in the towel on trying to classify Ethereum as a security.  Show highlights: |  Why James views the multitude of potential issuers meeting with the SEC as a positive sign for the future of ETFs When James anticipates the ETFs will actually be listed on exchanges, which differs from their approval dates The crucial differences between in-kind versus cash creation and redemptions in ETFs and their impact on market dynamics How the choice of in-kind or cash creation and redemptions influences the overall cost structure of these financial products Whether the current actions of ETF issuers suggest a "bending the knee" approach to the SEC's preference for cash creations and redemptions How the selected ETF model will specifically impact Grayscale and the future of its GBTC offering The potential strategies behind BlackRock's private trust, especially in terms of integrating its Bitcoin holdings into its prospective ETF Why James holds a more cautious outlook for the approval of an Ethereum spot ETF compared to his confidence in Bitcoin ETFs Thank you to our sponsors!Arbitrum Foundation  |  Popcorn Network  |  UniswapGuest | James Seyffart, Research analyst at Bloomberg IntelligencePrevious appearances on Unchained:Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETFWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Links | Previous coverage on spot Bitcoin ETFs:How Much Money Will Flow Into Bitcoin ETFs? Here’s One ProjectionWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETFThe Chopping Block: Are We Back? The ‘Low IQ’ Response to the Potential Spot Bitcoin ETFUnchained: Bitcoin ETFs Explained: What Are They & How Do They Work?BlackRock Updates Bitcoin ETF Filing to Make Access Easier for Wall Street Banks Understanding the ETF creation and redemption mechanismNate Geraci’s tweet on in-kind/cashJames comments “the people want in-kind”James: “I think everyone is gonna have to bend the knee to cash creates and redeems.”Eric Balchunas suggests the SEC is only letting cash-create ETFs launch initiallyUnchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 15, 2023 • 10min

MARKETS DAILY: Crypto Update | How the SEC Wants Bitcoin ETF Redemptions to Work

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market moves, bitcoin ETFs, the U.S. economy and more.Today's episode is sponsored by CME Group.To get the show every day, follow the podcast here.Sales of Solana Phone Surge as Traders Chase BONK Arbitrage TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin -From our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.-This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dec 15, 2023 • 50min

MONEY REIMAGINED: Builders Were Building In 2023 | Under the Hood With Avichal Garg

From Market trends to Blockchain’s financial disruption, Avichal explores the 2023 tech landscape. This episode is sponsored by Cboe DigitalIn this week's installment of "Money Reimagined," Sheila Warren is joined by Avichal Garg, the Co-Founder and General Partner at Electric Capital to discuss the tech side of crypto in 2023. From crypto market trends and investor sentiment to the challenges of AI technology and its potential for abuse Avichal skillfully delves into the intricate interplay of these elements, unraveling the layers that define the complex tapestry of the crypto world.Links | About Me – Avichal Garg Electric Capital Avichal Garg, Electric Capital A Difficult Truth: The Unspoken Mismatch of Web3 and Generative AICrypto Winter Is Over -From our sponsors:Do you have a trusted partner for your crypto trading? Cboe Digital will introduce financially settled margin futures on Bitcoin and Ether on January 11th, 2024 with physically delivered contracts to follow.  Listed and cleared on Cboe’s U.S. regulated exchange and clearinghouse, and complemented by a liquid crypto spot market for greater ease and access.  We invite you to learn more about this and all applicable risk disclosures at cboedigital.com/coindesk.-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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