Hey, everyone. I'm Jennifer Sanassi, and this is the very first episode of CoinDisc's public keys coming to you from the New York Stock Exchange, the heart of global finance.

This show is all about crypto and the public markets

from IPOs and digital asset treasuries to ETFs and the biggest market moving headlines.

We connect the dots and get you set for the week ahead. Over the next half hour, we'll break down

weekend market sentiment, ETF flows, and hear from Itoro, Abra, and Pro Shares.

Let's get into it and take a look at the weekend discourse and how it could impact markets in our weekend recap.

Geopolitics are in focus to start the week, Skybridge Capital founder and former White

House Communications Director Anthony Scaramucci, warning that any disruption to the Strait of Hormuz,

a route that carries roughly a fifth of the world's oil, could send energy prices sharply

higher and ripple across global markets. For crypto investors, that kind of macro shock often drives volatility across risk assets

while also reviving the narrative around Bitcoin as a hedge against geopolitical and currency

instability.

As of this morning, Bitcoin is inching towards a breakout and it has been outperforming

equities and gold since the Middle East conflict began.

And we're seeing that geopolitical tension spill directly into crypto markets.

Frank Chaparro highlighted the Wall Street Journal's story about hyperliquid this weekend,

a decentralized exchange whose oil futures surged to $7.3 billion last week from $339 million at the end of February.

The spike highlights how crypto-native platforms are increasingly becoming 24-7 venues for macro trades,

with investors using them to bet on energy markets and geopolitical shocks, even when traditional markets are closed,

and that's beginning to pressure traditional exchanges to evolve as traders move to markets that operate 24-7.

And finally, a development that could reshape how institutions think about Ethereum exposure.

This ex-user pointing out that while day one volume for Black Rock's new

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