Crypto Markets Are Down Bad. Are DATs to Blame? - Bits + Bips

Description

Gold’s volatility shock exposed cracks in 24/7 markets, while crypto treasuries face pressure and power quietly shifts at the Fed. 🔥 EPISODE LINK 🔥 👉 https://unchainedcrypto.com/bits-bips/bits-bips-why-gold-price-discovery-happened-on-hyperliquid/ 👈 ================================================ If you want expert help with crypto taxes — without guessing or DIY spreadsheets — Crypto Tax Girl is offering $100 off their crypto tax services for Unchained listeners. They provide personalized support for everything from complex transactions to full tax returns. Get $100 off https://cryptotaxgirl.com/blog/interview-with-unchained-laura-shin/ ================================================ In this episode of Bits + Bips, Austin Campbell and Chris Perkins sit down with Cosmo Jiang to unpack what gold’s volatility shock revealed about market structure, why onchain venues like Hyperliquid are increasingly where price discovery happens, and how digital asset treasuries are being blamed for stress they did not create. The conversation also turns to Kevin Warsh’s nomination as Fed chair and why it represents a deeper shift in institutional power, not just personnel. Hosts: ⭐️ Austin Campbell, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting ⭐️ Christopher Perkins, Managing Partner and President of CoinFund Guest: ⭐️ Cosmo Jiang, General Partner at Pantera Capital Timestamps: 00:27 Intro 07:04 Market update: gold volatility, silver collapse, crypto weakness 13:25 How Hyperliquid became a venue for real price discovery 19:18 Gold’s volatility shock and what it revealed about market structure 21:33 Kevin Warsh’s Fed nomination and why it signals a power shift 28:45 Why Chris thinks the CLARITY Act will get done 37:12 Why Austin says it might be fine if CLARITY fails 40:38 Crypto is down and digital asset treasuries are under pressure 51:41 Why calling a bottom is hard, but market conditions are improving 53:41 What Cosmo would do if a DAT trades below mNAV 57:30 Are digital asset treasuries entering M&A season? 58:40 Could basis trades emerge in DATs? 01:02:10 How the market framed blame for the 10/10 crash 01:09:39 Why Cosmo remains optimistic on fundamentals #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! CHECK OUT THE CRYPTOPIANS → https://www.youtube.com/watch?v=DFzunCFXrv4 WEBSITE → https://unchainedcrypto.com UNCHAINED DAILY NEWSLETTER → https://unchainedcrypto.beehiiv.com/subscribe/ LAURA'S TWITTER → https://x.com/laurashin UNCHAINED TWITTER → https://x.com/unchained_pod FACEBOOK → https://www.facebook.com/unchainedwithlaurashin INSTAGRAM → https://www.instagram.com/laurashin/?hl=en LINKEDIN → https://www.linkedin.com/in/laurashin/ MERCHANDISE → https://unchainedpodcast.company.site/ ++++++++++++++++++++++++++++++++++++++++++++++++ NEW EPISODES OF UNCHAINED EVERY TUESDAY AND FRIDAY! ALONG WITH BITS & BIPS AND THE CHOPPING BLOCK Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 YOUR NO-HYPE RESOURCE FOR ALL THINGS CRYPTO!