Coinbase Missed Again, Strategy Sells Bitcoin, and Is PayPal for Sale?

On this episode of CoinDesk’s Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Clear Street Managing Directors and Senior Analysts Owen Lau and Brian Dobson to break down a heavy week of earnings: Strategy’s first quarter selling Bitcoin, Coinbase’s third straight quarterly miss and Stripe and Advent’s bid for PayPal.
Then, after a look at ETF flows and Morgan Stanley’s launch of the market’s cheapest spot Ethereum and Solana ETFs at 14 basis points.
Plus, Grayscale Head of Trading and Capital Markets Krista Lynch unpacks the state of crypto ETF flows and Altius co-founder and CEO Annabelle Huang makes sense of the macro backdrop along with her bear case for Bitcoin to dip to the $40K range.
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Chapters/Timecodes:
00:00 Welcome to Public Keys
00:19 Clear Street’s Owen Lau and Brian Dobson Join
00:40 Strategy’s First Bitcoin Sale and $8.2B Loss
03:44 Coinbase Misses for the Third Straight Quarter
04:45 Prediction Markets Emerge as a Bright Spot
06:20 Bitcoin Miners Pivot to AI Data Centers
08:04 Does the CLARITY Act Matter for Coinbase?
10:42 Stripe and Advent’s Bid for PayPal
13:02 Spot BTC ETFs Flip Negative, ETH ETFs Stay Green
14:17 Morgan Stanley Launches Cheapest ETH and SOL ETFs
14:52 Ally Wallace on Morgan Stanley’s ETF Edge
15:42 Grayscale’s Krista Lynch on Competing on Fees
16:54 Reading BTC and ETH ETF Flows
17:47 Crypto Whales Embrace In-Kind ETFs
21:29 Grayscale’s Hyperliquid ETP and Perpetual Futures
23:31 Altius co-founder and CEO Annabelle Huang on the Macro Picture
24:41 The Coldcard Exploit and AI-Driven Hacks
26:18 Bitcoin Range-Bound Since October
28:35 DeFi Security in the Age of AI
32:11 Crypto Fear and Greed Index at 28
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#digitalfinance #finance #bitcoin

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