COINDESK DAILY: XRP Price Surges Amid Record Futures Bets; Who Will Be the Next U.S. Treasury Secretary?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 18 November 2024
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry from the surge in XRP to Polymarket contracts on who the next Treasury Secretary will be.
XRP surged to a three-year high over the weekend to more than $1.20 with futures bets soaring to record levels. Plus, Polymarket bettors put their money on who the next Treasury Secretary will be. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
-
This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | XRP on a tear as optimism for a crypto-friendly Congress and Trump administration ignites the markets. |
| 0:07.0 | It's Monday, November 18th. This is Coiness Daily. I'm your host Christine Lee. |
| 0:16.9 | XRP catapulting to a three-year high over the weekend to more than $1.20 with futures |
| 0:23.3 | bets soaring to record levels. Open interest for XRP derivatives surpassed $2 billion on |
| 0:28.9 | Sunday, betting on further volatility in the price of the sixth largest cryptocurrency in $65 billion |
| 0:35.2 | market capitalization. The trend is fueled by optimism about easing regulatory headwins, |
| 0:41.1 | as a crypto-friendly Trump administration may benefit tokens linked to U.S.-based companies such as Ripple Labs. |
| 0:47.4 | Additionally, the forthcoming edition of RPLUSD stablecoin and French Bank, |
| 0:52.1 | Citi General-Bak Euro Euro stable coin to XRP ledger |
| 0:55.7 | could boost institutional adoption of the network. |
| 0:58.9 | Speaking of crypto-friendly Trump administration, |
| 1:01.6 | when it comes to who will become the next Treasury Secretary, |
| 1:05.4 | Scott Besson, founder of investment firm Key Square Capital Management, |
| 1:09.6 | and a former money manager for George Sorrows |
| 1:12.1 | is taking the lead on polling market over Howard Lutnik, CEO of Tether Custodian, |
| 1:17.3 | Cantor Fitzgerald. Former Federal Reserve Governor Kevin Warsh is close behind and Apollo |
| 1:22.4 | Global Management CEO, Mark Rowan, is rising in odds. The New York Times reporting that President-elect Donald Trump |
| 1:29.3 | is having second thoughts about his two top picks and is slowing down his selection process in favor of |
| 1:35.0 | interviewing the latter two candidates this week at Marlago. Trump reportedly feels annoyed by |
| 1:40.8 | Lutnik's constant presence and influence on the selection process for his own interests, |
| 1:45.5 | though he remains a top pick for tech entrepreneur Elon Musk, who is a close Trump advisor. |
| 1:50.6 | Trump's picks for other top agencies that could impact crypto, namely the Securities and Exchange |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.