CoinDesk Podcast Network – Détails, épisodes et analyse

Bitcoin treasury strategies are all the rage, but are they actually sustainable?

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Welcome back to Bitcoin Season 2! Today, Colin and Charlie talk about the explosive growth of Bitcoin treasury companies and their financial engineering strategies. They break down Strategy's convertible debt playbook, examine why these companies trade at premiums to their Bitcoin holdings, and debate whether this trend is sustainable or an elaborate house of cards waiting to collapse.

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**Notes:**

• MicroStrategy holds 592,100 Bitcoin

• Q1 2025 revenue: $111 million 

• Convertible notes have 0-1% interest rates

• Bitcoin needs to drop way low for liquidation

• Preferred shares pay 8-10% dividends

• Annual obligations: $10-20 billion

Timestamps:

00:00 Start

02:59 Strategy (formerly micro)

10:42 Types of companies

15:13 Preferred stock

24:57 Closed end fund dynamics

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Host Sam Ewen breaks down the latest news in the crypto industry as Arizona moved closer to establishing a BTC reserve.

Arizona moved closer to establishing a reserves fund for bitcoin after the state's Senate voted in favor of bill HB2324 at its third reading and a North Korean hacking group is using Python-based malware disguised as fake job applications to target crypto workers. CoinDesk’s Sam Ewen hosts “CoinDesk Daily.”

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Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.

Visit ledn.io to learn more.  

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This episode was hosted by Sam Ewen.

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Charlie and Colin demolish every popular Bitcoin price model - stock-to-flow, rainbow charts, power law, and Metcalfe's law. Why they're all wrong and what might actually work this cycle.

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Charlie and Colin break down every major Bitcoin price prediction model and explain why they're all fundamentally flawed. From Plan B's broken stock-to-flow to Giovanni's power law obsession, rainbow charts, and Metcalfe's law - we expose the problems with each approach and introduce Charlie's new "institutional structured bid corridor" theory for this cycle.

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NOTES:

• Stock-to-flow predicted $1M by 2025 - failed

• Rainbow chart undefeated since 2013

• Power law predicts $100K by 2028 latest  

• Metcalfe's law broken by ETF adoption

• Hyper-bitcoinization chart shows $100B BTC

• Institutional money creating price channels

Timestamps:

00:00 Start

00:34 Price Models

02:09 Stock to Flow

10:48 Rainbow Chart

14:59 Arch Network

15:31 Power Law

21:40 Metcalfe's Law

28:03 Hyperbitcoinization Model

30:47 Institutional Structure Bid Corridor Model

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The latest price moves and insights with Jennifer Sanasie and Enzyme founder Mona El Isa.

To get the show every day, follow the podcast here.

Enzyme founder Mona El Isa joins CoinDesk to discuss the current "strange bear market" in the crypto space, with a few assets remaining close to their highs while the broader market experiences significant underperformance. Plus, potential of a DeFi summer and the state of M&A in the crypto industry.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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Host Jennifer Sanasie breaks down the latest news in the crypto industry. And, TRM Labs Head of Legal and Government Affairs Ari Redbord answers questions on crypto hacks and scams.

To get the show every day, follow the podcast here.

TRM Labs Head of Legal and Government Affairs Ari Redbord answers questions from viewers on X about customer protection and online privacy in the crypto industry. Plus, predictions from Pantera Capital partner Paul Veradittakit on developments in the crypto space in 2024.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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Stacks' co-creator Muneeb Ali says that this is the most exciting time to build on Bitcoin. 

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Fifteen years after the birth of Bitcoin, the network is now entering an era of remarkable innovation and change, according to Stacks' co-creator Muneeb Ali.

On this episode of Unchained recorded at the Bitcoin Builders conference, Muneeb explores the complexities and advancements within Bitcoin's Layer 1 and Layer 2. He shares his perspectives on what's fueling innovation in Bitcoin's Layer 1 and discusses the implications of Ordinal Inscriptions amid criticism of it by core developers. 

He delves into the various scaling solutions within Bitcoin, highlighting how trust assumptions vary among them, and how BitVM could be a 'game changer'. He goes over the advantages of integrating smart contracts on Bitcoin, and why he considers BTC the only true form of monetary asset. 

Show highlights:

• What's driving innovation in Bitcoin’s L1 
• How Muneeb feels about Ordinals Inscriptions in Bitcoin, considering the criticism from some core developers
• How, in recent years, research and development in crypto happened outside of Bitcoin, and how that's changing now, according to Muneeb
• The different types of scaling solutions in Bitcoin and how the trust assumptions differ in each of them
• Why he feels like BitVM is a 'game changer' and what it enables
• What the Nakamoto upgrade is on Stacks
• The advantages of having smart contracts on Bitcoin, according to Muneeb
• Why he says that BTC is the only asset that is money
• The challenges to having privacy in Bitcoin

Thank you to our sponsors!  Popcorn Network  |  iTrustCapital  |  Polkadot

Guest

Muneeb Ali, co-creator of Stacks

Previous appearances on Unchained: 

Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto

Blockstack On Getting Independence From Google, Facebook And Amazon

Links

Recent News:

Unchained: 

Stacks, a Bitcoin Layer 2 Protocol, Sees All-Time High in Total Value Locked

A New Era for Bitcoin Is Here, Whether Bitcoin Maximalists Like It Or Not

Bitcoin Passes the $1 Trillion Market Cap Mark; All Cryptos Combined Reach $2 Trillion

Bitcoin L2s:

Unchained: 

Are Layer 2s on Bitcoin Having a Moment?

How Botanix Aims to Enable Smart Contracts on Bitcoin

An Ethereum-Like Experience Built on Bitcoin?

Learn more:

What Are Opcodes in Bitcoin? A Beginner's Guide

What Are BRC-20 Tokens? 

What Are ORC-20 Tokens? 

How to Create a Bitcoin Ordinal

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Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

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CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert.

To get the show every day, follow the podcast here.

The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets. Today’s takeaways are provided by Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Michael Nadeau, author of "The DeFi Report." For more on CoinDesk Indices, visit: coindeskmarkets.com.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie and uses Wondercraft AI Voice. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.

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Will and Charlie go through this week’s Bitcoin news, including mining stock flows, Braiins adding Lightning and a DL News hit piece on Bitcoin miners.

Follow along on your favorite podcast player of choice by clicking here.

Welcome back to the news roundup! Will and Charlie go through this week’s Bitcoin news, including mining stock flows, Braiins adding Lightning and a DL News hit piece on Marathon Digital’s Bitcoin mining site in Granbury, Texas.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews Tuesday and a news show on Friday! 

Check out our other shows and content by going to Blockspace.media today.

Follow our host on Twitter, @wsfoxley.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

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Host Jennifer Sanasie breaks down the latest news in the crypto industry. And, a conversation with Nansen senior research analyst Nik Polk on staking.

To get the show every day, follow the podcast here.

Nansen senior research analyst Nik Polk joins CoinDesk with an analysis on the increasing popularity in ether (ETH) staking and the restaking narrative. Plus, regulatory scrutiny around staking and its potential impact on the spot ether ETFs. And, everything you need to know about the upcoming Bitcoin halving.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ether.fi CEO Mike Silagadze joins as a Guest Host to discuss the controversies and issues surrounding the Starknet airdrop, the phased rollout of Soroban smart contracts on the Stellar blockchain and the concept of liquid restaking incentives and rewards.

This episode is sponsored by the Stellar Community Fund

Follow the show here for more.

In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, explore the following stories:

Starknet Airdrop Coverage 

Starknet Token STRK begins trading at $5 after a mammoth airdrop. A Fully diluted value of STRK reached as high as $50 billion with an initial market cap of $3.64 billion.

Stellar Starts 'Soroban' Smart Contracts

The "Protocol 20" upgrade, which adds support for Ethereum-style smart contracts to the decade-old payments-focused blockchain, had been delayed by three weeks due to precautions after a bug was found.

Liquid Restaking Landscape

New liquid restaking platforms like Puffer and Ether.Fi have attracted billions of dollars in deposits, but they've birthed a speculative "points" frenzy that carries some risks.

PROTOCOL VILLAGE GUEST HOST | 

 Mike Silagadze, CEO and Founder at Ether.fi - the first ETH staking protocol that allows stakers to maintain full control of their keys throughout the entire staking process, making it the only truly decentralized liquid staking platform.

Takeaways | 

- Controversies and issues often arise with airdrops, including eligibility criteria and token unlocks.

-The introduction of smart contracts on established blockchains can rejuvenate the ecosystem and attract new users.

-Liquid restaking is a natural extension of proof-of-stake blockchains and allows users to stake their assets while maintaining liquidity.

-Points in liquid restaking protocols have sparked speculation and trading frenzy, but their future value is uncertain.

-The explosive growth in the liquid restaking market may experience a correction in the future. The money printer being turned on again has led to a speculative frenzy in various markets, including crypto.

-Restaking has become a focal point of speculation and value creation in the crypto space.

-EtherFi aims to become a trusted brand for holding ETH and accessing DeFi, with plans to roll out integrated products over time.

Sign Up for THE PROTOCOL NEWSLETTER 

EPISODE LINKS |  

Starknet Token STRK Begins Trading at $5 After Mammoth Airdrop

STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar

Starknet’s STRK Drops 53% Amid Token Issuance Criticism

Stellar Starts Phased Rollout of 'Soroban' Smart Contracts

Liquid Restaking Tokens or 'LRTs' Revived Ethereum DeFi. Can the Hype Last?

Liquid Restaking Protocol Puffer Rakes in $1B in Deposits in Just 3 Weeks

As Crypto 'Points' Farming Grows, So Does Risk of Vague Promises

Etherfi 

Mike Silagadze - EtherFi | LinkedIn 

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From Our Sponsor: 

The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban. Accelerate your web3 project today.

Apply for Funding at communityfund.stellar.org

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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

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