MARKETS DAILY: Crypto Update | Institutional Interest in Chainlink, Circle Considering an IPO
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 November 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores a crypto IPO, Chainlink, Fed comments and more.
Today's episode is sponsored by CME Group and PayPal.
To get the show every day, follow the podcast here.
Today’s Stories:
Dragon Is Latest Meme Stock Craze in China on Zodiac Year Hopes - Bloomberg
Grayscale Chainlink Trust Zooms to 200% Premium, Indicating Institutional Demand for LINK
Stablecoin Issuer Circle Internet Said to Consider 2024 IPO - Bloomberg
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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. 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.
Transcript
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| 0:00.0 | This episode of Markets Daily is sponsored by CME Group and PayPal. |
| 0:09.0 | It's Wednesday, November 8, 2023, and this is Market Daily from CoinDesk. |
| 0:15.9 | My name is Noel Acheson, CoinDest collaborator and author of the Crypto is Macronow newsletter on Substack. |
| 0:22.2 | On today's show, we're talking about a possible crypto IPO, chain link, fed comments, and more. |
| 0:33.3 | So you don't miss an episode, be sure to follow the podcast on your platform of choice and |
| 0:38.1 | turn on notifications. And just a reminder, CoinDesk is a new source and does not provide investment |
| 0:44.1 | advice. Now, a markets roundup. Cryptomarkets perked up yesterday, with a sharp jump late in the |
| 0:51.0 | day at one point pushing the Bitcoin price above $35,700. |
| 0:55.9 | It has since settled back some, but seems to be holding on to the gains. |
| 1:00.0 | At 9 a.m. Eastern Time today, Bitcoin was trading at $35,400, up 1.8% over the past 24 hours. |
| 1:08.6 | Ether was trading up 1% at $1,890. |
| 1:13.3 | Elsewhere, Chainlink, Polygon and Toncoin are up 8%. |
| 1:16.9 | Zalana, Cardano, and Pocodot are up 3%. |
| 1:20.0 | In macro indicators today, it's time to talk about talking. |
| 1:24.5 | I'm referring to the attention paid to speeches and interviews given by |
| 1:28.4 | Fed officials, at events on television, that universities, wherever, and why it matters. |
| 1:34.5 | And I mention it today, because Fed officials do like to get out there and deliver their message, |
| 1:39.7 | nothing new there, but this week seems to be particularly noisy. This morning I counted 15 scheduled |
| 1:47.2 | Fed official public remarks for this week alone, and there were probably some I didn't catch. |
| 1:52.4 | Two are from Fed Chair Powell himself. First, let's look at why they do this, and then we'll get |
| 1:58.5 | into why we should pay attention, and also what they are saying. |
| 2:02.4 | They do this for several reasons, one of which is personal branding. Another is broader education, |
... |
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