CoinDesk Podcast Network - MARKETS DAILY: Crypto Update | Bitcoin’s Rally and its Relationship With Inflation

The latest price moves and insights with Helene Braun and Marc Chandler, Chief Market Strategist at Bannockburn Global Forex.


To get the show every day, follow the podcast here.

On "Markets Daily,"  Chief Market Strategist at Bannockburn Global Forex, Marc Chandler, joins Markets Daily with insight on the recent consumer price index (CPI) report and its implications for the market, particularly for Bitcoin and other cryptocurrencies. The CPI report showed higher-than-expected inflation rates, leading to a rise in US interest rates and a decline in risk assets, including crypto. They also touch on the US jobs report and its impact on interest rates. 

Takeaways |

  • The CPI report showed higher-than-expected inflation rates, leading to a decline in risk assets, including Bitcoin and other cryptocurrencies.
  • The US jobs report, which surpassed expectations, signals a robust economy but raises concerns about interest rates.
  • The relationship between Bitcoin and inflation is questioned, with the guest suggesting that Bitcoin's recent rally is driven more by the advent of ETFs and speculative demand.
  • The impact of the halving on crypto prices is anticipated to be slightly weaker this year due to the shock to supply caused by ETFs.
  • The potential for new record highs in Bitcoin depends on market participants' interpretation of the current consolidation pattern and their confidence in Fed cuts.


Chapters | 

00:00 Introduction and Market Update

04:34 The US Jobs Report and its Impact on Interest Rates

09:35 The Impact of ETFs and the Halving on Crypto Prices


LINKS | 

CoinDesk 20 

Bannockburn Global Forex 

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Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry’s most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15. 

Register now at consensus.coindesk.com.


This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—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.

Stuff They Don't Want You To Know - What is Operation Solar Warden?

Could the US really possess a top-secret space program leveraging suppressed or extra-terrestrial technology -- and have kept the existence of this program hidden from the public for the better part of a century? Join Ben, Matt and Noel as they explore the allegations of Gary McKinnon... and the legend of Operation Solar Warden.

They don't want you to read our book.: https://static.macmillan.com/static/fib/stuff-you-should-read/

See omnystudio.com/listener for privacy information.

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The Commentary Magazine Podcast - The 5 Percent Fantasy

Joe Biden tells an interviewer Israel should do a unilateral ceasefire for six to eight weeks. Tom Friedman of the New York Times explains there's a 5 percent chance for a Palestinian state and that we should focus on that 5 percent. People are yelling "Death to America" inside America and the president says nothing. What on earth is going on here? We try to explain. Give a listen.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Federalist Radio Hour - ‘You’re Wrong’ With Mollie Hemingway And David Harsanyi, Ep. 92: ‘Death To America’

Former President Donald Trump took a stand on abortion and in vitro fertilization. Join Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi as they diagnose the problem with how Republicans talk about abortion, analyze the FISA fight, discuss the "Death To America" chants in Dearborn, Michigan, and share their thoughts on NPR veteran Uri Berliner's criticism of his publication. Mollie also recaps her eclipse experience, and David recommends "The Miracle Club."

If you care about combatting the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.

Time To Say Goodbye - Rural Rage Debunked and the other side of the fascism debate w Danny Bessner

Hello!

Today, we have a packed show with our guest Danny Bessner of the American Prestige podcast. Danny argued the other side of the fascism debate and expressed why he and others believe the word is not appropriate to describe what’s happened to the American right.

And Danny stuck around while we discussed Tyler’s debunking of the book “White Rural Rage” and why the type of liberal elite discourse we have right now might eventually be politically catastrophic (while also just being gross.)

As always, if you would like to support the show, please help us out with a $5 a month substack subscription.

Thank you!



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit goodbye.substack.com/subscribe

CoinDesk Podcast Network - MONEY REIMAGINED: The Rise of the Ownership Economy With Sandy Kaul

Franklin Templeton SVP Sandy Kaul shares how to transform the financial industry and democratize access to alternative investments by empowering individuals to benefit from the assets and networks they build.


This episode is sponsored by Consensus 2024 


Now Available for pre-order | 

Michael Casey’s New Book with Frank H. McCourt, their forthcoming book: Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age

In this episode of "Money Reimagined," hosts  Michael Casey and  Sheila Warren interview Sandy Kaul, Senior Vice President and Head of Digital Asset and Industry Advisory Services at Franklin Templeton. They discuss the future of the internet, the role of blockchain and smart contracts in transforming the financial industry, and the potential for tokenization to democratize access to alternative investments. They also explore the concept of the ownership economy and the importance of interoperability in the protocol economy. 


Chapters

00:00 Transforming the Financial Industry

19:18 Democratizing Access to Alternative Investments

28:38 The Rise of the Ownership Economy

35:15 The Protocol Economy: Direct Participation and Rewards

41:26 The Impact of Bitcoin ETFs


Links | 

forbes.com/sandy-kaul 

Franklin Templeton 

Crypto Council for Innovation 

CoinDesk.com


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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MRP15. 


Register now at consensus.coindesk.com

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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.

Reset with Sasha-Ann Simons - Could Illinois Be The Next ‘Right-To-Die’ State?

Illinois could soon join 10 states in the nation which allow what advocates call “medical aid in dying.” A bill in Springfield would give terminally ill people with six months or less to live the option to end their lives by self-administering a drug provided by a physician. Illinois lawmakers are considering the future of this legislation during the spring session, so Reset spoke with the bill’s co-sponsor Sen. Linda Holmes (D-Aurora) to learn more about it. Plus, hears from opponents like Access Living’s Amber Smock and supporters like ACLU of Illinois’ Khadine Bennett. For a full archive of Reset interviews, head over to wbez.org/reset.

CoinDesk Podcast Network - UNCHAINED: Polygon’s AggLayer Wants to Be a Hub for Ethereum Layer 2s. Can It Succeed?

Polygon’s Agglayer aims to address the monolithic vs. modular blockchain debate with a decentralized protocol that allows chains to interact with one another.  


Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Polygon Labs CEO Marc Boiron and co-founder Brendan Farmer discussed everything about the AggLayer, a decentralized protocol built by Polygon that enables fast, secure cross-chain interactions and allows different chains to use the same native bridge. This allows users to seamlessly move assets across chains in the AggLayer ecosystem. 

The AggLayer aims to unify blockspace so that it feels like a single chain, improving user experience. Boiron and Farmer also discussed the potential for Layer 2 solutions to scale Ethereum, the benefits of zero-knowledge technology, and the future of Polygon's proof-of-stake chain.

Learn more: What Are Zero-Knowledge Proofs?

Show highlights:

  • Background of Brendan and Marc and how they joined Polygon
  • A brief description of what Polygon is overall
  • What the AggLayer is and how it aims to enable the best of monolithic and modular blockchains
  • How Brendan differentiates the AggLayer from its competitors, such as Optimism's Superchain or Cosmos and why he believes that zk-technology is such a game changer
  • How the interoperability experience gets better in such a system, according to Marc and Brendan, and what will become possible that's not now
  • Which chains can use the AggLayer and how it works to improve security across chains
  • The tradeoffs between the various types of zkEVM provers 
  • How projects should decide their architecture and when it would make sense to tap the AggLayer
  • Why projects should build on the AggLayer, including layer 1s, according to Marc
  • How Layer 1s can still join the AggLayer and retain their own consensus and sovereignty 
  • Why Polygon believes that zk-technology is the future of blockchain architecture
  • Why the Polgyon zkEVM suffered an outage on March 30
  • Whether Layer 3s are needed to scale the Ethereum ecosystem
  • Why Brendan believes that EigenLayer is not a good fit for rollups to use
  • The transition of the Polygon PoS chain to become an Ethereum L2 using the AggLayer
  • When EIP-4844/Dencun will go live on Polygon


Thank you to our sponsors!   Polkadot


Guests:

Marc Boiron, CEO of Polygon Labs

Previous appearances on Unchained:

Gary Gensler vs. Crypto: What Will the SEC Attack Next?

The Chopping Block: The SEC Is Attacking Crypto – Will Gary Gensler Succeed?

Brendan Farmer, co-founder of Polygon and co-lead of Polygon Zero


Links

AggLayer

Polygon: Aggregated Blockchains: A New Thesis

More technical Agglayer explainer

CoinDesk: 

Polygon Lands Astar Network as First User of New 'AggLayer’

Cosmos-Based Canto Blockchain Reverses Course on Polygon Layer-2 Plans, Unveils New Roadmap 

Zaki on the comparisons with Cosmos


zk-Technology

Polygon: Upgrading Every EVM Chain to ZK: Introducing the Type 1 Prover

The different types of ZK-EVMs by Vitalik

Unchained: Why Zero-Knowledge Proofs Are Critical to Ethereum’s Future

Polygon zkEVM

Unchained: Polygon zkEVM Chain Goes Down for 10 Hours

Blockworks: Polygon unpacks zkEVM outage and ‘emergency’ upgrade

Layer 3s

Unchained: Layer 3s Only Exist to Take Value Away From Ethereum: Polygon Labs CEO

0xCygaar on L3s and L2s

Potuz on the benefit of L3s

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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.

Up First from NPR - Arizona Abortion Ban, PFAS In Drinking Water, Japan’s Awkward State Dinner

Arizona's Supreme Court says an abortion ban passed during the Civil War should be the law of the land today. The EPA is, for the first time, putting limits on "forever chemicals" in our drinking water. And Japan's prime minister comes to Washington, just as President Biden questions a global business deal.

Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.

Today's episode of Up First was edited by Megan Pratz, Scott Hensley, Roberta Rampton, Lisa Thomson and Ben Adler. It was produced by Ziad Buchh, Ben Abrams and Nina Kravinsky. We get engineering support from Stacey Abbott, and our technical director is Josephine Nyounai.

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