In this episode, our expert panel dives into the BTC rally (testing the critical $68k mark) and the strong inflows into US spot BTC ETFs. We also explore key developments such as the Unichain announcement (from Uniswap), the growth of Base across multiple metrics, and the Coinbase Q4 Guide to Crypto Markets report.

Topics Covered:

• BTC ETF Inflows: How BTC’s rally is influenced by ETF demand.
• Unlocks: Breaking down unlocks including TIA and EIGEN, and their potential market impact.
• Financing Market Trends: Zaid examines shifts in perpetual futures markets, funding rates, CME basis, liquidations, and other signs of leverage re-entering the market.
• CME & DeFi Funding: Exploring CME basis changes and funding rates in CeFi and DeFi sectors.
• Uniswap announces Unichain: What it is and what this means for liquidity migration and token-holder value.
• Q4 Crypto Report Highlights: Key takeaways on stablecoins, Ethereum, and Bitcoin L2s, and standout charts from our partners.
• Macro Insights: China’s stimulus effects, US earnings, and Polymarket election odds’ market impact.
• Onchain Trends: Base growth in TVL, DEX, and stablecoin volumes.
• Gaming Spotlight: “Off the Grid” (using Avalanche subnet) tops Epic Game Store charts.

Be sure to like, subscribe, and check out the team’s research for more insights.

Host: Ben Floyd, Head of Execution Services

Panelists:

• David Duong, Head of Institutional Research
• David Han, Research Analyst
• Georg Toropov, CES Salestrader
• Zaid Khan, Senior Prime Financing Sales Trader

Links:

• Q4 Guide to Crypto Markets
• Coinbase Research

In this episode, our panel unpacks key updates including the anticipated FTX repayment schedule and the latest regulatory developments, while also discussing broader macroeconomic trends.

Topics Covered:

• Risk Overview: Josh starts by providing analysis of the current risk picture, focusing on perp funding rates, basis, volumes, and institutional interest in the market.
• FTX Repayments: A detailed look at the FTX repayment timeline, and what impact that could have on the market.
• Macro Overview: David Duong recaps key macro themes, including last week’s NFP data, the upcoming inflation report, and the diminishing effects of China’s stimulus on global markets. He also talks through what he thinks the market will focus on next.
• Onchain Insights: David Han discusses high ETH transaction fees, increased onchain DEX volumes (centered on ETH and SUI), and updates on EIP 7782.

Make sure to like, subscribe, and check out the team’s research in the show notes for deeper insights into these developments!

Host: Ben Floyd, Head of Execution Services

Panelists:
David Duong, Head of Institutional Research
David Han, Research Analyst
Joshua Pak, CES Salestrader

Links: Coinbase Research

In this episode, we explore the latest movements in the crypto market, including Kamala Harris’ recent mention of digital assets and its potential impact on regulation. Our expert panel breaks down the dynamics driving ETF flows, funding rates, and key macro trends influencing the market.

Topics Covered:

• Market Overview: Georg Toropov kicks off with a comprehensive market update, highlighting ETF flows, funding rates, and the major movers shaping today's crypto landscape.
• Kamala Harris & Digital Assets: We discuss Kamala Harris’ recent mention of digital assets and and the potential regulatory implications for the crypto space.
• Flows & Unlocks: Georg provides insights into hedge fund activity and key upcoming token unlocks, including SUI, ZETA, and TIA.
• Mt. Gox Distribution: David Duong updates us on the timeline for the Mt. Gox distribution, with ~45k BTC still to be released and uncertainty surrounding the exact timing.
• Macro Outlook: David Duong gives a detailed macroeconomic analysis, covering Middle East tensions, the Fed’s hawkish stance, and important economic indicators like JOLTS and the upcoming non-farm payrolls report.
• Onchain Update: David Han wraps up with an onchain update, covering the rise in ETH fees, an overall increase in onchain activity, and the EigenLayer token unlock.

Make sure to like, subscribe, and check out the team’s research in the show notes for deeper insights into these developments!

Host: Ben Floyd
Panelists:
David Duong, Head of Institutional Research
Georg Toropov, Senior CES Trader
David Han, Research Analyst

Links: Coinbase Research