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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | Why Investors Should Be Watching Layer 2s, With Leo Mizuhara

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 22 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie and guest Leo Mizuhara, CEO of Hashnote.

To get the show every day, follow the podcast here.

Today's episode of "Markets Daily" begins with a minute of markets updates, followed by an interview with host Jennifer Sanasie and Leo Mizuhara, CEO of Hashnote on layer 2s to watch, the ongoing Coinbase versus SEC case and the resurgence of the Solana ecosystem.

This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. 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

It's Monday, January 22nd, 2024, and this is Markets Daily from Coindesk.

0:11.0

I'm your host Jen Sanassi. Let's get right into the show.

0:19.3

First, I'll be passing it off to our producer Eleanor Paul to read out today's markets updates.

0:25.5

According to Coin Desk Indices at 8 a.m. Eastern Time, Bitcoin was trading down 2.18% over the past 24 hours at $40,802 after another disappointing week for Bitcoin.

0:44.2

Meanwhile, Ether was down 3.95% over the same time period, sitting at $2,372.

0:52.1

Today's mover in the Coin Desk Market Index is Cartesi, ticker CTSI, up 37% on the day.

0:57.9

In traditional markets, both the NASDAQ and the S&P 500 rose over a percent in the last trading session.

0:59.1

Notably, the S&P 500 reached a record high Friday bolstered by strong performance in the tech

1:04.6

sector.

1:05.8

Stock futures are looking positive to start the week as traders aim to build on Friday's

1:10.7

standout performance.

1:12.6

And in commodities, the Brent crude benchmark was trading at $75 and $88 a barrel, while gold

1:19.1

was trading at $2,029 an ounce. Now, back to Jen.

1:25.8

For more on the market's action, let's bring in Hashnote CEO Leo Musuhara.

1:31.0

Hey, great to be back, Jen. How are you?

1:33.1

I'm great, Leo. Happy New Year. It's been a very exciting start to the new year.

1:38.2

It has been a very, very exciting start to the new year. Let's start off very broadly.

1:43.3

What market trends are you watching?

1:45.2

And I think I know what you're going to say. Well, we're obviously all watching Bitcoin and how the

1:50.2

new Bitcoin ETF has changed our outlook on Bitcoin and the inflows that we're expecting there.

1:56.3

But I think the real story post-ETF has been Ethereum's outperformance as we're coming out of this.

2:02.3

I think the market has really rotated from the story leading up to the ETF being that

...

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