CoinDesk Podcast Network

Presidential hopeful Vivek Ramaswamy's unfinished crypto mandate shows the hollowness of crypto as a political concern.

Today's episode is sponsored by CME Group.

Today’s featured story is by Daniel Kuhn, titled: Vote if You Want, but Remember ‘Cypherpunks Write Code’? 

Vote if You Want, but Remember 'Cypherpunks Write Code'

We are using a Wondercraft AI voice for this episode.

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Disclaimer |  

This communication is not directed to investors located in any particular jurisdiction and is not

intended to be accessed by recipients based in jurisdictions in which distribution is not

permitted. The information herein should not be considered investment advice or the results of

actual market experience. Past results are not necessarily indicative of future performance.

Trading derivatives products involves the risk of loss. Please consider carefully whether futures

or options are appropriate to your financial situation

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CoinDesk Indices presents six notable market movement highlights from last week.

Today's episode is sponsored by Kraken Pro.

The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. For more on the CMI, you can visit: http://coindeskmarkets.com/

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, delves into the SEC's crypto ETF delay, paving the way for a surge in ether futures ETFs, reshaping the crypto investment landscape.

Today's episode is sponsored by Kraken Pro.

Today’s Stories:

Valkyrie Gets Approval to Start Buying ETH Futures For its Existing Bitcoin ETF

Major TradFi Player VanEck Readies Ethereum Futures ETF

Valkyrie Backs Off Ether Futures Purchases Until SEC ETF Approval Officially Effective    

https://x.com/JSeyff/status/1707502718531633488?s=20

https://x.com/JSeyff/status/1707748562497368314?s=20      

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. 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.

Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection in the trial and how many years Sam Bankman-Fried may face if found guilty.

The trial of Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, is set to begin on October 3. The 31-year-old is accused of committing wire fraud and conspiracy to commit other types of fraud, in relation to the dramatic collapse of his crypto empire last year, which led to billions in losses. Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection, the potential testimony of key witnesses, and how many years Bankman-Fried may face if he is found guilty.

Show highlights:

Thank you to our sponsors!

Crypto.com  |  Arbitrum Foundation  |  Hedera  |   Toku

Guest | 

Nik De, CoinDesk's managing editor for global policy and regulation

Previous appearances on Unchained:

How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days

Why the Ooki DAO Case Could Hurt Participation in DAOs

Links

Previous coverage from Unchained on Sam Bankman-Fried and FTX:

Why FTX Might Try to Claw Back Funds From Retail Customers

The Chopping Block: Was FTX a Scam From the Very Beginning? 

How Much Prison Time Is FTX’s Sam Bankman-Fried Facing? 

Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years

The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?

Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion

Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?

The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater 

Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets

The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?

Sam Bankman-Fried on How to Prevent the Next Terra and 3AC

SBF’s defense team motions:

Judge Denies Sam Bankman-Fried’s Request for Temporary Release

U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release'

Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules

Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying

Key witnesses:

SBF’s Expert Witnesses Barred From Testifying at Trial

Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried?

All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ

Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tampering

Jury selection:

Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use

Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge

Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A glimpse into SBF’s mental health struggles and an update on his third request to be released from jail for the trial. 

Link to story: Sam Bankman-Fried Almost Tweeted About His Depression, Drafts Show

Sign up for The SBF Trial Newsletter

Credits: Sam Kessler, Nikhilesh De and Wondercraft AI Voice

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

FTX founder Sam Bankman-Fried is a lot of things — but he’s not Bernie Madoff.

It's an important distinction, and one that will have to land with the jury at trial if SBF's legal team is going to have a chance at defending against the seven charges he's facing.

The good news: Even Bernie Madoff's former prosecutor, Marc Litt, knows this case isn't a repeat of the multibillion-dollar fraud perpetrated by America's most infamous fraudster.

The bad news: Fraud is still fraud.

"The case isn't about cryptocurrency — it's about, again, representations made and not kept. It's about taking money from one pocket and using it for purposes of another company in another pocket without the investor knowing that, and with taking efforts to conceal that. That's not hard for a jury to understand," Litt said.

In the fourth episode of our investigation into the SBF’s upcoming trial defense, we dig into how Sam Bankman-Fried could walk free. 

You can read and watch Coinage’s full reporting on SBF’s legal defense at Coinage.Media. Watch our full trial coverage at https://www.coinage.media/sbf-trial

Read the full Coinage Article

Sign up for the daily CoinDesk SBF Trial Newsletter

Credits: Wondercraft AI Voice, Coinage and CoinDesk. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, author of the Crypto Is Macro Now newsletter, explores the recent House Financial Services Committee hearing where SEC Chair Gary Gensler's struggle to define securities was brought to the forefront, accompanied by committee members highlighting SEC communication inconsistencies and a lack of cooperation, all against the backdrop of ETFs' prominent role.

Today's episode is sponsored by Kraken Pro.

Today’s Stories:

Bitcoin - Monthly Return

US small-cap stocks wilt in the heat of higher interest rates | Financial Times

 https://twitter.com/EricBalchunas/status/1707203091785732272?s=20

SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs

SEC’s Gensler Throws More Crypto Punches in Congressional Hearing

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. 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.

SBF receives some good news. Judge Kaplan has granted him permission to use a computer for taking notes and will allow him to wear a suit during the trial. 

Link to story: Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules

Sign up for The SBF Trial Newsletter

Credits: Helene Braun, Nikhilesh De and Wondercraft AI Voice

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If SBF is found guilty, what should become of Binance’s CZ?

FTX’s collapse was in some ways triggered by Sam Bankman-Fried’s biggest rival.

Just days after CoinDesk published a report highlighting FTX’s shaky financials, Binance CEO  Changpeng Zhao (CZ) tweeted that he would be selling his $2.1 billion stake in FTX and dumping his treasure trove of FTX’s proprietary tokens. CZ may have been waiting years for the perfect moment to make his move.

But as we’ve covered in Episodes 1 & 2, SBF isn’t charged with FTX’s collapse – he’s charged with actions he took leading up to FTX’s collapse. So, as the Department of Justice takes a second look at CZ’s own actions in running his exchange, what should we make of similar allegations? Commingling of funds, encrypted communication, manipulated trading volume, too much centralized power, shadow companies and worse. 

The government has been reluctant to charge CZ criminally, out of fear that doing so could spark a bank run on Binance similar to the one that took down FTX. 

But the question is: If SBF goes to jail is CZ next?

You can read and watch Coinage’s full reporting on SBF’s legal defense at Coinage.Media. Watch our full trial coverage at https://www.coinage.media/sbf-trial

Read the full Coinage Article

Sign up for the daily CoinDesk SBF Trial Newsletter

Credits: Wondercraft AI Voice, Coinage and CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Judge Kaplan addresses outstanding pre-trial issues, while SBF’s defense makes another attempt to get him out of jail for the duration of the trial. 

Link to story: Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use

Sign up for The SBF Trial Newsletter

Credits: Sandali Handagama, Nikhilesh De and Wondercraft AI Voice

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.