Strategy's STRC Hits Record Low as Wall Street Races to Tokenize Everything

On this episode of CoinDesk’s Public Keys at the New York Stock Exchange, host Jennifer Sanasie sits down with Digital Assets Council of Financial Professionals founder Ric Edelman to discuss the disconnect between declining crypto sentiment and Wall Street’s rapid investment in digital asset infrastructure. Their conversation covers the CLARITY Act, the fight over crypto in 401(k) plans, tokenization, and Edelman’s long-term outlook for Bitcoin. In this week’s 10X Trade, Maelstrom CIO Arthur Hayes shares his highest-conviction trade. Strive Chief Risk Officer Jeff Walton examines the future of digital credit following the sharp declines of STRC and SATA, arguing that digital credit could represent the next $300 trillion opportunity for Bitcoin. Also on the show, BlackRock Global Head of Digital Assets Robbie Mitchnick discusses BITA, the iShares Bitcoin Premium Income ETF, while 21Shares Co-Founder Ophelia Snyder explains why today’s financial infrastructure may be fundamentally incompatible with the tokenized future Wall Street is working to build. - This episode of Public Keys is brought to you by Kraken Pro. For more: https://pro.kraken.com/ - Learn more at https://www.bullish.com/. - To get marketing moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp. - Timecodes: 00:00 Welcome to Public Keys 00:37 Strategy's STRC Crashes to a Record Low 01:04 Schwab and Cboe Enter Prediction Markets 01:45 Franklin Templeton Files For Bitcoin Dividend ETFs 02:30 Ric Edelman on Crypto's Great Disconnect 05:05 Will the CLARITY Act Pass? 06:08 Crypto Lobby vs. Banking Lobby Into the Midterms 08:48 Edelman's Bitcoin and Ethereum Outlook 12:34 10X: Arthur Hayes' Highest-Conviction Trade 14:07 Strive's Jeff Walton on Digital Credit's Worst Day 15:46 Inside the STRC and SATA Leverage Liquidation 20:43 The $300 Trillion Credit Market Opportunity 23:46 Bitcoin and Ethereum ETF Flows 24:48 BlackRock's Robbie Mitchnick on the BITA Launch 28:37 Ophelia Snyder on Tokenization's Reality Check 30:15 The Scale Problem in Tokenizing Capital Markets - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj