MARKETS DAILY: Crypto Update | Positive Regulatory Developments for Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 April 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Helene Braun and Laurence Latimer, Founder and CEO of Dinara.
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On "Markets Daily," Laurence Latimer, Founder and CEO of Dinara, discusses the recent significant drop in Bitcoin and Ethereum prices overnight. Despite this, positive strides are seen in the regulatory landscape for crypto, particularly in the US and UK where proposed bills and regulations are emerging. However, there's a clear call for greater collaboration between regulators and the industry. Key regulatory developments to monitor include the approval of Bitcoin ETFs, stablecoin legislation, and enforcement actions. Additionally, there's an exploration into the possibility of traditional financial markets adopting a 24/7 schedule akin to crypto markets.
Takeaways |
- Crypto markets are volatile, and price drops are common, but the cause of the recent drop is unclear.
- Positive regulatory landscape developments include bills and regulations in the US and UK.
- Collaboration between regulators and the industry is needed for greater clarity and support for the crypto industry.
- Financial institutions incorporate digital assets into their workflows, signaling increased institutional adoption.
- The designation of Ether as a security could impact businesses relying on the Ethereum ecosystem.
- The potential for traditional financial markets to operate on a 24/7 schedule, like crypto markets, is being explored.
Chapters |
00:00 Crypto Markets and Price Drop
05:15 Increasing Institutional Adoption
11:23 Impact of Ether's Designation
LINKS |
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This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:00.0 | I think in many ways it's a tale of two stories, right? |
| 0:03.2 | So you hear many times in the headlines, there's this reluctance, there's this |
| 0:07.3 | equivalence, there's a certain resistance. |
| 0:10.2 | But when you start peeling the onion a little bit and looking underneath, just about |
| 0:14.4 | every scale financial institution is doing some really meaningful work on incorporating digital |
| 0:19.9 | assets into their own workflow. |
| 0:26.2 | It's Thursday, April 25th, 2024. Welcome to Markets Daily, where we speak to the brightest minds |
| 0:33.6 | in this industry to help you better understand what's going on in crypto markets. |
| 0:38.6 | Today, it's looking pretty ugly across the board. Bitcoin is down over 4%. And Ethereum is about 5% |
| 0:45.1 | lower this morning. All assets in the CoinDest 20 index are trading lower today as well. On average, |
| 0:51.4 | about 6%. So overall, not a great start to the day for U.S. crypto traders. |
| 0:57.0 | Fun fact, Coinbase came out with a report yesterday and noted that Bitcoin was the best |
| 1:02.4 | performing asset in eight out of the past 11 years. The other three years, it was the worst |
| 1:08.6 | performing asset, however. So as always, it just can seem to find the middle ground. |
| 1:14.3 | But let's turn to the present and get clarity from our guests on what's happened in Asia overnight. |
| 1:20.8 | On the show today is Lawrence Latimer, founder and CEO of DeNara. |
| 1:25.4 | Good morning. |
| 1:26.7 | Good morning, Helene. And it's pleasure to be here. |
| 1:29.8 | Lawrence, what happened overnight? This seems like a pretty significant drop to me. |
| 1:35.8 | Yeah, well, first, you know, let me say asset prices in our industry are volatile. And we routinely |
| 1:42.8 | see three, four, five, six percent corrections over the |
| 1:46.0 | course of 24 or 48 hours. And so, you know, from what we're seeing, there doesn't seem to be any |
... |
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