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CoinDesk Podcast Network

Why This Digital Asset Fund Fled to Cash Amid $19B Crypto Meltdown | Markets Outlook

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 17 October 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

Unpacking the recent market meltdown with Round13 Capital Managing Partner and CIO, and Rails Co-Founder and CEO, Satraj Bambra. In today's Markets Outlook, Round13 Capital Managing Partner and CIO, and Rails Co-Founder and CEO, Satraj Bambra unpacks the $19 billion liquidation cascade that rocked the crypto markets recently. Plus, he shares the major decision his fund made in response: going all-cash—a choice that runs counter to many Q4 bullish forecasts. - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠https://midnight.network/break-free⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠https://www.owlting.com/portal/?lang=en&utm_source=CoinDesk&utm_medium=cpc&utm_campaign=CoinDesk_Banner⁠⁠. - This episode was hosted by Jennifer Sanasie.

Transcript

Click on a timestamp to play from that location

0:00.0

If you have lost money or you're trying to make it back, it's a bad idea in a market like

0:04.5

this.

0:04.8

It's very choppy, there's low volume.

0:07.0

It's better to just check out the market will exist under better circumstances in the future

0:12.2

and come back then.

0:19.9

Break the cycle of exploitation, break down the barriers to truth, break into the next generation

0:24.3

of privacy, break free.

0:26.2

Free to scroll without being monetized, free from censorship, freedom without fear.

0:30.5

We deserve more when it comes to privacy.

0:32.6

Experience the next generation of blockchain that is private and inclusive by design.

0:37.2

Break free with midnight,

0:38.2

visit midnight.net.net.net. Network forward slash break dash free. Felt for speed, scale and

0:42.7

simplicity, bridge helps businesses send, store, accept, and launch stable coins instantly.

0:47.6

Serve global customers without navigating the complexities of setting up crypto rails.

0:51.8

It's how companies like X, Shopify, and Airtm unlock new markets,

0:56.0

reduce effects, and move money at internet speed. Looking for a faster, cheaper way to move money

1:01.1

worldwide, Owl Ting, now listed on the NASDAQ under the ticker symbol Owls, is building the rails

1:06.0

for stablecoin payments. Convert fiat to stable coins and send money as easily as a text message. Learn more at owlting.com. Hey, everyone, you're watching Markets Outlook on CoinDesk. I'm Jen Snassi. On today's show, we have Round 13 Capital Digital Asset Fund Managing Partner and CIO and Rails co-founder and CEO, Satraj Bambra, joining us. Hey, Satraj. Hey, Jan. Thanks for having me. Of course, thanks for coming back.

1:28.9

I wish that you were coming back when the markets were all in the green and we were having a great time.

1:34.9

But that is not the case. I think since last weekend, things have been a little bit shaky.

1:39.0

And we obviously saw Bitcoin and Altcoins plunge this morning with Bitcoin dropping below its 200-day average.

1:45.6

Talk to me a little bit about what you're watching this morning.

...

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