COINDESK DAILY: Harris Admin to 'Encourage' AI and Digital Assets; Core Scientific Gets Buy Rating From Canaccord
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 September 2024
⏱️ 2 minutes
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Summary
Host Christine Lee breaks down the news in the crypto industry from Kamala Harris' remarks on crypto to Core Scientific's buy rating from Canaccord.
"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as Kamala Harris showed love to digital assets in her first remarks to donors in NYC. Plus, U.S. SEC approved the list of physically settled options tied to BlackRock's spot Bitcoin ETF, and Canaccord initiated coverage of Core Scientific with a buy rating.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee, Jennifer Sanasie, Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | Kamala Harris shows love to digital assets and can accord initiated coverage of core scientific with a buy rating. |
| 0:07.0 | You're watching Coin Us Daily. I'm your host, Christine Lee. |
| 0:14.6 | Democratic nominee Kamala Harris has made her first remarks on crypto to donors in New York City during a fundraising dinner. |
| 0:22.5 | Bloomberg reports Harris saying, quote, we will encourage innovative technologies like AI and digital |
| 0:28.0 | assets while protecting consumers and investors. Harris's comments on crypto's self-posive |
| 0:33.4 | feedback in the community with Uniswop Lab CEO Hayden Adams appearing to endorse Harris following |
| 0:38.7 | the remarks. Adams saying in an ex post that Biden has been, quote, terrible for crypto, but Harris's |
| 0:44.4 | remarks are signaling her administration will be, quote, more pro-innovation. |
| 0:49.2 | The U.S. Security is and Exchange Commission green lighting, the approval and listing of physically |
| 0:53.6 | settled options tied to BlackRock spot Bitcoin ETF last week, the IBIT options still need approval |
| 1:00.1 | from the OCC and CFTC, but there is consensus that it will further help draw institutions |
| 1:05.4 | to the crypto market. How will this affect Bitcoin market volatility? Well, according to Bitwise |
| 1:10.6 | acid management, gamma squeeze, |
| 1:12.6 | a rapid price rally catalyzed by options market dynamics could become a feature of the Bitcoin market following the debut of IBIT options. |
| 1:21.6 | Ken Accord saying in a Monday report that Core Scientific is on the cusp of becoming a major force in AI hosting. |
| 1:29.9 | The broker starting coverage of the crypto mining company with a buy rating and a $16 |
| 1:35.2 | price target. |
| 1:36.7 | Core Scientific signed a 12-year contract with hyperscaler core leave in June. |
| 1:41.4 | A hyperscaler is a large-scale data center specializing in delivering huge |
| 1:45.4 | amounts of computing power. And Canacord says the partnership is a gain changer. The report also |
| 1:51.1 | notes that Core Scientific has potential upside from their mining business, as the company still has |
| 1:56.2 | about 230 megawatts of power left, even after repurposing almost 500 megawatts for AI hosting. |
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