Hello, everyone, and welcome back to Coin Desk Live.

We are recording a very special episode of Markets Daily right now, live from the Avalanche Summit,

the premier avalanche community event of 2024.

On this show, we navigate the currents shaping the crypto markets.

So whether you're actively trading, we're just curious about the volatility that is the crypto markets.

This show is your compass navigating what's happened where we are and where we are going.

I'm Jen Sanasi.

My co-host, Zach Seward is with me today.

And joining us on the show is Dragonfly General Partner Rob Haddock.

Rob, good morning.

Thank you.

Yeah, it's a great morning.

Sunny, well, it's not sunny today.

Cloudy Buenos Aires.

That's true.

But it was sunny yesterday.

It was sunny yesterday. It's still a vibe. People are trickling in. We're here to talk about the markets. Let's start broad and we'll bring it back to Latam. What are you watching in the markets this morning?

I think right now, like broadly up into the election, we're just going to see a lot of volatility. So I think people

have to be prepared for that. We've like the one month fall on Bitcoin is about 60%. That's increased

a lot over the last couple of weeks. We look at funding rates, they've kind of blown out and

over 10% now in a way that they weren't before, which means that the market is really, you know,

expecting there to be a lot of growth and, you know, kind of

...