With Xavier on the road, Mark takes on this week's ABCD Roundup solo. Crypto winter chills the markets as Bitcoin pulls back from its October highs, sparking renewed debate over the four-year cycle and whether investors are facing the early stages of a deeper drawdown. Mark breaks down why the latest volatility may reflect classic market psychology and how fair value models, such as Metcalfe's Law, help frame where Bitcoin may be headed next. He also digs into the growing pressure across broader markets, from deteriorating balance sheets to speculative excess in AI, quantum computing, and nuclear power. Additionally, Mark discusses issues, including how whales are moving coins, the rising scrutiny faced by digital-asset treasury companies, and the looming threat of CBDCs, which raises questions about privacy and financial freedom.

Remember to Stay Current!

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

Bitcoin has dipped below the $100,000 mark as long-term holders offload over $500 billion worth of BTC amid profit-taking and diversification into other assets. We ask "Are we in crypto winter?" In AI news, Apple is reportedly finalizing a $1 billion annual deal with Google to integrate Gemini into the next-gen Siri, marking a rare collaboration as Apple works to catch up in AI. Anthropic projects massive growth, forecasting $70 billion in revenue and $17 billion in cash flow by 2028. Meanwhile, SoftBank and OpenAI have launched a 50-50 joint venture in Japan called "Crystal Intelligence" to deliver localized AI solutions to enterprises, with SoftBank itself as the first customer. Lastly, Nvidia's market cap has surged to $5 trillion, underscoring its dominance in the AI hardware race.

Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

The Fed cuts rates again, sending ripples through markets as Bitcoin rallies and altcoin ETFs officially go live. We dive into how lower rates may fuel renewed crypto momentum and what the rate cut may mean for "digital gold" versus gold. Meanwhile, Mastercard is reportedly eyeing a $2 billion acquisition of crypto infrastructure firm Zerohash, and Ethereum giant Consensys gears up for a landmark IPO with Goldman Sachs and JPMorgan, potentially signaling a new era for blockchain finance. In computing, Core Scientific scraps its merger with CoreWeave to pursue independent expansion of its AI infrastructure.

Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this week's roundup, we discuss the pardon of convicted Binance founder, Changpeng Zhao, the surprising return of a Clippy-inspired "Mico" as Microsoft leans into more personable AI assistants, and OpenAI's acquisition of Sky as the agentic desktop race accelerates. We also cover Anthropic's planned TPU expansion with Google to support enterprise demand and frontier-model training, and we explore reports of the Trump administration eyeing equity stakes in U.S. quantum computing firms. The Chart of the Week highlights current crypto adoption trends.

Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we celebrate Fairfax County's Police and County Employee Pension Funds for their win at the CIO Innovation Awards, recognizing their leadership in adopting digital assets within institutional portfolios. We then dive into the market, unpacking Bitcoin's recent skid and the role perpetual futures markets may play in amplifying downside volatility. We also break down BlackRock's launch of a stablecoin-focused liquidity fund.

On the AI front, we spotlight Nscale's multibillion-dollar deal with Microsoft to deploy 200,000 Nvidia GPUs across global data centers; meanwhile, Ant Group enters the global AI race with Ling-1T, a trillion-parameter model that rivals OpenAI and Google in reasoning and math capabilities. In the Chart of the Week, Hyperliquid continues to push the frontier of decentralized derivatives markets.

Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we sit down with Will Zeng, PhD, Partner at Quantonation, a venture fund dedicated to quantum technologies and deep physics. Will shares his journey from being the third employee at Rigetti Computing to leading quantum research at Goldman Sachs and now investment strategy at Quantonation. From commercialization efforts in pharma, materials, and AI acceleration to lessons learned as both operator and investor, Will offers a thoughtful, insider perspective on where quantum may be headed next. Finally, we discuss our shared conviction in Diraq, a portfolio company, and its CMOS-based spin qubits, fabricated using the same infrastructure behind today's classical semiconductors. Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

This week's episode explores whether "Crypto Uptober" is upon us and the latest wave of AI headlines, from OpenAI's Sora surpassing ChatGPT's iOS debut with 627,000 installs to Sam Altman's pursuit of one trillion dollars in infrastructure partnerships that include AMD offering ten percent of itself to OpenAI in a multibillion-dollar deal. The Chart of the Week spotlights nearly 193 billion dollars invested in AI startups this year, marking the first time more than half of all 2025 venture funding has flowed into AI and signaling a potentially defining moment for technology and global markets.

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

This ABCD Roundup covers the SEC's push to accelerate tokenized stocks and SWIFT's collaboration with global banks on a shared blockchain ledger for instant payments, moves that could fundamentally reshape traditional finance. We also examine Bitcoin's recent price and volume swings, as well as the broader implications of onshoring and the U.S. crypto cycle. Finally, we cover Cerebras' $1.1 billion raise at an $8.1 billion valuation.

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode of ABCDs, we cover why options and leverage may explain Bitcoin's rough September, the rise of crypto treasury stock buybacks, and Strive's $1.3B deal to acquire Semler as smaller players consolidate to compete with giants. We also break down Nvidia's $100B commitment to OpenAI, which likely drove Oracle's stock surge. Finally, we examine the overlooked challenge of data center power consumption as AI growth becomes increasingly concentrated. Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

Legal Disclaimer

This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this solo edition of Digital Currents, Mark takes listeners through the early days of blockchain investing and the landmark week that saw multiple portfolio companies ring the opening bell. From first encounters with Bitcoin in 2013 to backing trailblazers in the industry, Mark shares inside stories of risk, resilience, and the continuing digitization of financial services. Along the way, he explores the evolution from Web1 to Web3, lessons from legendary investors, and why he believes most assets will ultimately be tokenized. Whether you're a crypto veteran or simply curious about the future of money, you don't want to miss this episode on how he seeks to find transformational trends before the crowd.

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

Legal Disclaimer

This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.