Midsummer Malaise

This week, we discuss the recent market volatility and price drops associated with the long-awaited liquidation of Mt Gox assets, along with some bitcoin selling by the German government. Our expert panelists Greg Sutton (senior CES trader) and David Han (research analyst) also analyze spot ETH ETF expectations and the potential impact of a launch in early July, given the current low liquidity conditions. Note that while July tends to be a slower month, historically we have seen that it brings positive seasonality trends, at least for bitcoin.

The panelists also touched on the political situation with the US presidential debate taking place on June 27 and the Supreme Court potentially overturning Chevron Deference. Meanwhile, technical updates on Solana (including Blinks, ZK Compression and Magic Blocks) are focused on improving the user experience, while the outperformance of TON has been driven by integration within the Telegram platform demonstrating a shift toward user acquisition over technical debates.Overall the discussion cuts through the noise of macro factors, regulatory developments, and innovation across crypto markets to discuss the implications for institutional investors.

1:10 Mt. Gox distributions
1:55 Perp funding rates & futures markets
6:45 German government sales
9:28 ETH ETF update
13:00 BTC ETF flows
14:30 Election insights
16:00 Token unlocks
20:40 TON update and Telegram integration
24:40 Solana technical updates
28:45 Seasonal BTC trends

Host: David Duong, Head of Institutional Research

Panelists:
Gregory Sutton, Senior CES Trader
David Han, Research Analyst

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