The bull case for HYPE with Arthur Hayes.

Maelstrom CIO and BitMEX Co-Founder Arthur Hayes joins Markets Outlook to break down his renewed bull case for Hyperliquid's HYPE token — and why this week's record-breaking open interest on HIP-3 is making that case for him. Plus, he makes the case for Zcash as the privacy narrative heats up, and drops his latest bitcoin prediction.

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Check out CoinDesk’s research report on Pudgy Penguins at: https://www.coindesk.com/research/pudgy-penguins-challenging-the-pokemon-and-disney-legacy-in-the-global-ip-race.

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Timecodes:

01:17 - Why Hayes Flipped Bullish on Hype Again
03:41 - What Makes Hyperliquid Beat the Competition
05:58 - Trading Oil on the Weekend: The HIP-3 Moment
07:17 - What Would Make Hayes Exit His HYPE Position?
08:29 - GMX vs Hyperliquid
10:12 - What Else is Hayes Bullish On?
11:45 - Latest Bitcoin Price Target

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This episode was hosted by Jennifer Sanasie.

The next phase for stablecoins and a new product powered by Borderless with CEO Kevin Lehtinitty.

Borderless.xyz CEO Kevin Lehtiniitty joins CoinDesk's Jennifer Sanasie to discuss their new partnership with Dfns and the shift toward "Stablecoin 2.0" for global institutions.

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This episode was hosted by Jennifer Sanasie.

What's driving the markets as geopolitical tensions rise with the NYSE's Michael Reinking.

NYSE Senior Market Strategist and Head of the MAC Desk Michael Reinking joins CoinDesk's Jennifer Sanasie to break down what's driving markets as geopolitical tensions in the Middle East push oil prices sharply higher. Plus, he explains why the conflict is hitting Asia harder than the US, how volatility is triggering de-risking across asset classes, and what the surprising resilience in crypto and mega-cap tech could signal.

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This episode was hosted by Jennifer Sanasie.

Unpacking the stablecoin yield fight and the quantum threat to bitcoin with DACFP Founder Ric Edelman.

Digital Assets Council of Financial Professionals Founder, and Author of The Truth About Crypto, Ric Edelman joins CoinDesk's Jennifer Sanasie to discuss why the crypto industry needs to compromise with the banking lobby to pass the Clarity Act. He explains why stablecoin yield isn't the "hill to die on" and how legislative certainty could trigger a massive bull run toward $500,000 bitcoin. Plus, Ric debunks the quantum threat to the bitcoin.

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Timecodes:

01:00 — The Stablecoin Yield Fight Is Not "The Hill to Die On"
02:36 — Will the Clarity Act Pass Before Midterms?
04:23 — Is Crypto Done?
06:48 — Debunking the Quantum Computing Threat to Bitcoin
08:51 — Ric’s Personal Recommendation: The 40% Crypto Allocation
09:50 — What Does the Future of Tokenization Look Like?

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This episode was hosted by Jennifer Sanasie.

Kraken secures access to a Fed master account. What does it mean for crypto?

Kraken has become the first crypto-native company to secure direct access to the Federal Reserve’s payment systems. In today's Markets Outlook Jonathan Jachym, Kraken’s Global Head of Policy and Government Relations, joins CoinDesk's Jennifer Sanasie to discuss the years-long journey to this milestone and what it means for the future of U.S. dollar settlement and institutional crypto adoption. Plus, Kraken's response to President Trump’s recent calls for the Senate to pass the CLARITY Act and stop banks from "undercutting" American innovation.

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Timecodes:

01:03 - Inside Kraken’s Historic Fed Approval
02:27 - The Four-Year Regulatory Journey
04:40 - Bypassing Banks to Make Transfers Faster and Safer
06:15 - Why Kraken Won Where Others Failed
08:16 - Response to Pushback from Banks on Fed Master Accounts
10:16 - Trump’s CLARITY Act Push vs. The Banks

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This episode was hosted by Jennifer Sanasie.

Unpacking Q4 crypto equities earnings with Benchmark-StoneX Analyst Mark Palmer.

Benchmark-StoneX Senior Equity Research Analyst Mark Palmer joins CoinDesk's Jennifer Sanasie on today's Markets Outlook to break down Q4 earnings and the structural shifts happening across the crypto equity landscape. He discusses how the potential enactment of the Clarity Act could trigger an influx of institutional capital and why Coinbase’s Base protocol is a massive hidden driver for shareholders.

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Timecodes:

01:11 - Digging Below the Surface of a Rough Q4
02:27 - Is Crypto Legislation on the Back Burner In Light of Geopolitical Events?
04:45 - What's Next: Strategy's New Fundraising Pivot & Base as the Next Big Driver
05:56 - The Carnival Ticket Analogy: How Protocol Tokens Actually Work

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This episode was hosted by Jennifer Sanasie.

Unveiling Coinbase's "Everything Exchange" with Head of Consumer and Platform BD Mark Troianovski.

In today's Markets Outlook, Coinbase Head of Consumer and Platform Business Development Mark Troianovski joins CoinDesk's Jennifer Sanasie to unveil the platform's massive expansion into 24/5 stock and ETF trading for US users. He breaks down the vision for an "everything exchange" that blends crypto, equities, and prediction markets.

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Timecodes:

01:10 - Coinbase Launches Stock Trading to U.S. Customers
02:40 - Coinbase's Partnership with Yahoo! Finance and Integration
03:55 - Will AI Agents Trade Stocks and Crypto for You?
05:14 - Competing with TradFi Exchanges and Coinbase's "Sweet Spot"
07:21 - Is Coinbase the Next "Everything App" for Finance?s

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This episode was hosted by Jennifer Sanasie.

Kraken’s Mark Greenberg joins CoinDesk Live to announce a $20 billion milestone in tokenized equity volume and explain how xStocks is dismantling the traditional brokerage model through 24/7 fractional trading.

Mark Greenberg, Kraken’s VP of xStocks and Global Head of Consumer, joins CoinDesk Live at Consensus Hong Kong to announce a $20 billion milestone in tokenized equity volume. He explains how xStocks is dismantling the traditional brokerage model by allowing users to buy fractional shares of Tesla and the S&P 500 directly within everyday apps. Greenberg discusses the 24/7 trading advantage, the roadmap for adding Hong Kong stocks, and why tokenized equities are becoming the preferred asset class for retail investors across Asia.

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This episode was hosted live by Jennifer Sanasie and Dave Lavalle at Consensus Hong Kong 2026, presented by Hex Trust.

Holonym co-founder and CEO Shady El Damaty on AI agents and crypto’s builder season.

Holonym co-founder and CEO Shady El Damaty joins Jenn Sanasie on Markets Outlook to explain why you should never give your AI agent a private key. Plus, the state of retail as crypto enters a "builder season" amid high uncertainties. When will the industry move on from the post-Trump liquidity drain?

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Timecodes:

01:09 Macro Uncertainties

02:12 The State of Retail

05:22 From ZK Identity to Wallets

08:58 Agentic Workflows Explained

11:19 Human Friction and Compliance

12:45 AI Alignment and Key Control

16:11 Crypto Endgame Super Apps

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This episode was hosted by Jennifer Sanasie.

Anthony Scaramucci and Joy Pathak discuss how decentralized exchanges and 24/7 liquidity are revolutionizing market transparency and risk management, positioning crypto as a more resilient alternative to traditional finance.

Skybridge Capital founder Anthony Scaramucci, and The Wizard of Soho, Joy Pathak joined CoinDesk Live from Consensus Hong Kong. Pathak, a former bond trader who once managed a $40 billion portfolio at CalPERS, explains why leverage didn't die after the recent market crash—it simply moved into a new, more transparent era. He breaks down how the rise of decentralized exchanges like Hyperliquid and Aevo has handed institutional-grade tools to retail traders, creating an environment where every multi-billion dollar position is visible to the entire world in real-time.

Scaramucci argues that while some Wall Street "fuddy-duddies" fear volatility, crypto’s 24/7 liquidity actually makes it a safer market than traditional finance. By comparing the ability to hedge an exogenous risk on a Sunday night to the "trapped" nature of closed bond markets, Scaramucci and Pathak illustrate why the "horseless carriage" of blockchain is destined to outrun legacy systems.

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This episode was hosted live by Jennifer Sanasie and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.