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Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
198 Episodes
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Join Matt and Nick as they break down the busy week ahead in the macro economy; Stripe’s return to crypto payments; Morgan Stanley bitcoin ETF rumours; altcoin updates; and more.Key Takeaways The crypto market continues to slide, with ETH a notable outperformer among the majors.This week’s policy update from the U.S. Federal Reserve will likely impact investor sentiment. Other macro factors to monitor are the U.S. Treasury’s refinancing announcement and the weakening Japanese yen.Major payment company Stripe announced it will once again support crypto payments. Support will initially be for the USDC stablecoin.Morgan Stanley is reportedly preparing to allow its 15,000 brokers to recommend that customers buy spot bitcoin ETFs on an unsolicited basis. Accessibility to these ETFs should only expand as the year continues and should increase demand for BTC.Among the altcoin updates covered: Hedera and BlackRock confusion; Jupiter Mobile Initiative; and Stacks rolling out long-awaited ‘Nakamoto’ upgrade.
Join Matt and Nick as they break down the Bitcoin halving; the rollercoaster week for cryptocurrency prices; worsening sentiment towards altcoins; Hong Kong approving spot Bitcoin and Ethereum ETFs; and more.Key Takeaways Bitcoin (BTC) dominance rose to three-year highs amid what was one of the most volatile weeks for cryptocurrencies in recent memory.Bitcoin’s fourth halving came and went. There are now roughly 450 BTC being mined per day.Hong Kong approved the launch of spot ETFs for BTC and ETH. While Hong Kong’s ETF market is miniscule, relative to the U.S., these approvals help investors gain convenient exposure to BTC and ETH.Among the altcoin updates covered: Solana’s network update, Arbitrum BOLD and Jupiter’s LFG Launchpad (Round 2).
Join Matt and Nick as they explain the recent volatility in crypto markets; the Bitcoin halving; why SEC vs Uniswap Labs is among crypto’s most important legal battles to date; Ethereum’s next upgrade; and more.Key Takeaways The market experienced some of the highest volatility of this bull market so far, triggered by Iran’s attack on Israel. This volatile price action flushed out hundreds of millions of dollars in positions.The next Bitcoin halving is set for April 20. Very hard to predict which way prices will go in the days after the halving.Uniswap Labs said it received a Wells notice from the SEC, indicating that it will likely be sued in the coming weeks or months. Should the lawsuit be filed, it has the potential to be among the most important legal cases to date with regard to altcoins in general.Among the altcoin updates covered: Monad Labs’ monster investment round and EigenLayer’s mainnet release.
Join Matt and Nick as they discuss the U.S. government’s massive Bitcoin holdings, PayPal’s continued push into the stablecoin market, VanEck’s outlook for Ethereum L2 tokens, and more.Key Takeaways The crypto market fell slightly last week. Notably, BTC fell by less than major altcoins such as ETH and SOL.Speculation that the U.S. government will sell some BTC increased after onchain activity from connected addresses. The U.S. government holds roughly 200,000 BTC and has previously signalled its intent to sell over time.PayPal dramatically improved the accessibility of its PYUSD stablecoin and Ripple announced its upcoming expansion into the lucrative stablecoin market.VanEck published a report in which it predicted that the combined market cap of L2 tokens would hit $1T by 2030. Despite this, it remains “generally bearish” on the long-term value drivers of L2 tokens.Expect talks about ‘fee switches’ to increase in the weeks ahead, particularly in relation to Uniswap (UNI) and Aave (AAVE).The tokens for Ethena (ENA) and Wormhole (W) launched last week and initial airdrops were distributed.
Join Matt and Nick as they break down Bitcoin’s record price growth, Ethereum’s thriving L2 ecosystem, why this week may be the biggest yet for altcoins, and much more.Key Takeaways Bitcoin (BTC) recorded its seventh consecutive monthly gain for the first time. Short-term consolidation would be unsurprising. Still expecting higher prices by year-end.FTX co-founder Sam-Bankman Fried was sentenced to 25 years for seven counts of conspiracy and fraud charges. This event should help the industry and asset class move on from the dark days of late 2022.Concerns over KuCoin arose after U.S. authorities charged the mid-tier exchange. While fears have been allayed somewhat, users should strongly consider withdrawing—at least while we wait for the dust to settle.Ethereum’s L2 ecosystem is thriving on the back of the ‘Dencun’ upgrade, with Base being the biggest beneficiary.This week may be the biggest yet for airdrops. Among the projects set to launch tokens are Wormhole (W), Ethena (ENA) and Zeus Network (ZEUS).
Join Matt and Nick as they break down the crypto market rebound and BlackRock’s historic Ethereum announcement. They also cover an Ethereum ETF update, Solana network issues, important altcoin updates, and more.Key Takeaways Bitcoin (BTC) rebounded after the U.S. central bank’s policy update was not as bad as risk-seeking investors had feared. Three rate cuts of 25 basis points are still expected this year.BlackRock, the world’s largest asset manager, launched a tokenised fund on Ethereum in partnership with Securitize. Plans to do the same on other blockchains.The Ethereum Foundation reportedly received a confidential inquiry from an authority in the U.S. Hard to read into this too much with such little information.Among the altcoin updates covered: Stacks approves upcoming ‘Nakamoto’ upgrade, Solana’s UX issues and Optimism’s prover goes live on testnet.
Join Matt and Nick as they break down Bitcoin’s run to all-time highs of $73,600 and Solana breaking $200 for the first time since late 2021. They also cover Ethereum’s successful upgrade, another record day for Bitcoin ETFs, important altcoin updates, and more.Key Takeaways Bitcoin (BTC) reached a fresh all-time high of $73,600 while Solana (SOL) surpassed $200 for the first time since late 2021. Matt is not looking to sell SOL any time soon.Ethereum’s ‘Dencun’ was successful, with fees falling dramatically on L2s. For example, it currently costs less than one cent to use Uniswap on Optimism.Stronger-than-expected demand for ETFs continued. Daily net inflows topped $1 billion for the first time on March 12.Among the altcoin updates covered: Arbitrum’s $400M gaming fund, Starbucks to sunset its Polygon NFT loyalty program and Avalanche’s memecoin fund.
Join Matt and Nick as they break down Bitcoin’s run to all-time highs, why ETF demand may just be getting started, Ethereum’s major upgrade, upcoming airdrops, and lots more.Key Takeaways Bitcoin (BTC) hit record highs of $73,000 USD and Ethereum (ETH) hit $4,000 for the first time since late 2021.Net inflows for all the new bitcoin ETFs are nearing $10B. As stronger-than-expected demand continues, these products are still not as accessible as you may think. This should improve as the year progresses.Ethereum’s ‘Dencun’ upgrade is about to go live, slashing the cost of transacting on L2s such as Optimism and Arbitrum.Among the altcoin updates covered: Eclipse’s $50M raise, Wormhole’s token airdrop and Uniswap fee-sharing.
Join Matt and Nick as they break down the price rally in the crypto market, Bitcoin ETF demand, signs of retail investors returning, memecoin mania, the ETHDenver conference and lots more.Key TakeawaysBitcoin (BTC) hit record highs against the Australian dollar and other major currencies. The USD-denominated all-time high of $69,000 is certainly within striking distance.Coinbase suffered an outage after its traffic increased by more than 10x. Combined with recent growth in its app downloads, this signals that more retail investors are returning to the crypto market.Memecoins, the market’s riskiest sector, have strongly outperformed in recent weeks. Expect just about every sector to have a period of outperformance in this bull market.The key themes from ETHDenver, one of Ethereum’s largest annual conferences, were restaking, crypto x AI, parallel EVMs and Bitcoin L2s.Among the altcoin updates covered: Arbitrum’s integration with the Robinhood Wallet app and Blast’s mainnet release.
Join Matt and Nick as they break down the ongoing crypto rally, soaring demand for Bitcoin ETFs, Reddit’s crypto investments, and why Uniswap’s fee proposal is such a big deal for the broader altcoin market.Key Takeaways Bitcoin (BTC) continues to rally, hitting a fresh two-year high of $56,700 early this week. Strong demand for ETFs is seemingly helping drive prices higher, with Monday seeing record daily volume ($2.4B) across the new nine ETFs.Ethereum (ETH) has returned to the spotlight as the ‘Dencun’ upgrade draws nearer and speculation over a potential spot ETF in the U.S. continues.Reddit revealed that it holds BTC and ETH as investments on its balance sheet and that it may buy more in the future.The Uniswap Foundation proposed to upgrade Uniswap’s fee mechanism so that UNI stakers and delegators can earn a portion of protocol fee revenue. It’s hard to understate the significance of this proposal and how it could affect the performance of the DeFi sector.Among the other altcoin updates covered: Ethena’s USDe controversy and Blast’s mainnet release.
Join Matt and Nick as they explain why the crypto market, led by Bitcoin and Ethereum, keeps soaring higher. They also cover the Ethereum ETF race, the importance of token unlocks, and more.Key Takeaways Bitcoin (BTC) surpassed $52,000 for the first time since late 2021, while Ethereum (ETH) hit a 19-month high above $2,850.Demand for the new spot Bitcoin ETFs remains stronger than expected, and is likely a major reason for BTC’s strong price action.A bankruptcy judge approved fallen crypto lender Genesis to liquidate roughly $1.3B worth of GBTC as part of its efforts to reimburse creditors. Importantly, this potential sell pressure on BTC is not as bad as the news headlines lead on.The Starknet Foundation announced an airdrop for Starknet (STRK) in what was one of the most controversial and divisive airdrop announcements to date. Claims open February 20.
Join Matt and Nick as they break down Bitcoin’s rise to two-year highs and why all crypto investors should monitor Ethereum’s big upgrade in March. They also cover Solana’s outage, EigenLayer restaking mania, and more.Key Takeaways Bitcoin (BTC) closed at its highest price since December 2021 as it nears $50,000. Strong demand for ETFs has likely been one of several reasons for this latest rally.Ethereum (ETH) is set to undergo its ‘Dencun’ upgrade on March 13. This will slash the cost of using L2s (e.g. Optimism, Arbitrum, Base).Solana (SOL) suffered a five-hour outage, its first in nearly a year. While sentiment was not materially damaged in this instance, it likely would be if Solana were to experience repeat outages over the coming weeks. (Read the post-mortem.)EigenLayer saw a near tripling in total value locked (TVL) after the restaking protocol lifted its deposit caps temporarily. TVL is now worth $6.1B.
Matt and Leon break down Bitcoin’s price growth, the controversial Jupiter token airdrop that made people several thousands of dollars, why Ethereum’s major ‘Dencun’ upgrade could come next month, and much more. Key TakeawaysBitcoin (BTC) finished January higher, posting its fifth straight monthly gain—a streak that hasn’t happened since late 2020. Don’t be surprised to see BTC trade sideways for a while.U.S. interest rates are no longer expected to fall in March after public comments from the Fed chair and stronger-than-expected economic data. Rate cuts are generally good for crypto.Jupiter (JUP) executed one of the largest-ever airdrops, with many early users receiving thousands of dollars worth of JUP. The launch mechanism was widely misunderstood and criticised. Matt and Leon both hold JUP.Ethereum’s upcoming major upgrade (‘Dencun’) was successfully deployed on a second testnet. Third and final testnet deployment is on February 7. If all goes well, a mainnet release date should be revealed next week. Will likely be mid to late March.
Join Matt and Nick as they cover why so many large Bitcoin holders are selling (e.g. U.S. government, Celsius, FTX) and when it will end. They also cover exciting altcoin updates that they looking forward to.Key TakeawaysThe U.S. government filed its intent to sell roughly $117M worth of BTC. Importantly, this is just a slither of its total BTC holdings worth roughly $9 billion, which will presumably be sold in time.This week, the U.S. Federal Reserve meets for the first time in 2024. No rate change is expected. Chair Jerome Powell’s post-meeting press conference will be a must-follow.A bug in a popular Ethereum execution client (i.e. Nethermind) sparked some concerns last week about client diversity, resulting in a push to improve Ethereum’s client diversity.The ‘Dencun’ upgrade will be deployed on the final two Ethereum testnets by February 7. If they go smoothly, expect a mainnet release date to be finalised and increased anticipation over the upgrade.The JUP airdrop is happening on January 31. This will be one of the biggest airdrops in 2024. Be extra mindful of attempted scams.
Matt, Nick, and Leon discuss whether the Bitcoin ETF launches were successful. They also share updates on Ethereum’s upcoming catalysts as well as various altcoins.Key Takeaways The recently launched Bitcoin ETFs already have nearly $30B in assets under management, surpassing the $11B held in silver ETFs.As expected, the SEC delayed a decision on Fidelity’s spot Ethereum ETF application. The dates to watch are May 23 and May 24 because the SEC must approve or deny two active applications.Testing of Ethereum’s upcoming ‘Dencun’ upgrade continued with some minor hiccups. While there is no official mainnet launch date yet, many expect Dencun in late March or early April.Jupiter confirmed its JUP token will launch on January 31. In a year that will feature many airdrops, JUP is one of the most highly anticipated.
Join Matt, Nick, and Leon as they dissect last week’s Bitcoin ETF approval, one of the most important milestones in Bitcoin’s 15-year existence. They also discuss a potential Ethereum ETF, upcoming airdrops, and more.Key Takeaways The U.S. securities regulator approved a spot bitcoin ETF, ending a decade of rejected applications.All ETFs started trading on Thursday. Too early to confidently assess investor demand. Expect anticipation to continue growing over a potential spot Ethereum ETF.BlackRock’s CEO spoke positively about asset tokenisation and a spot Ethereum ETF.Upcoming airdrops for Jupiter (JUP) and Dymension (DYM). Claim window for DYM ends on January 21.
Join Leon and Nick as we take a step back and review the year that was, diving into the lessons, surprises, wins and losses in what proved to be another action-packed year.Key Takeaways The SEC sets the last date for amendments to ETFs, with industry experts estimating a 90% approval rating.A significant year for crypto; SBF jailed, Bitcoin ETFs, BlackRock enters, Solana’s shifted narrative and Ethereum’s protocol upgrades. What surprised us; Bitcoin inscriptions, Coinbase with L2 Base, major sentiment changes and fierce competition for volume between CEXs & DEXes.What we got right; L2 tokenisation & adoption, Solana and appropriate portfolio management.What we got wrong; DeFi & stablecoins and artificial intelligence underwhelming Leon. What we learnt; Crypto development still takes a long time, banks continue to enter crypto & not using rational thought to analyse an irrational market. The market can stay irrational longer than you can stay solvent.
The team discusses the latest Ledger security issue and whether they still trust the company’s hardware wallets. They also break down the U.S. central bank’s new outlook to cut rates multiple times in 2024—which should help cryptocurrency prices—and other key events from the past week.Key Takeaways Cryptocurrencies and other risk-on assets jumped on the news that the U.S. central bank expects to cut rates three times in 2024, more than previously expected.Ledger suffered a security breach impacting users of various dapps. The issue was fixed within an hour, with some users losing funds. Ledger’s internal security practices continue to attract criticism. Ultimately, the hardware wallet itself was unaffected by this news.Bitcoin ETFs continue to dominate the crypto news and market’s attention. We still expect the SEC to approve most or all spot ETF applications by January 10.Senator Elizabeth Warren’s anti-crypto bill continues to threaten the U.S. crypto industry. Monitoring this bill’s progress will be important for investors in 2024.
The team discusses why Bitcoin surpassed and is staying above 40k. They also discuss banks and their continued experimentation with crypto while Airdrop season on Solana is starting to heat up.Key Takeaways BTC surged above $44,000, its highest level in nearly 20 months.Catalysts include: Upcoming ETF denial or approval, diminishing supply on exchanges and a general consensus of BTC being accepted as a separate asset class.More major banks (Societe Generale and Nubank) announced further pushes into crypto, while the CEO of JPMorgan expressed his negative view of crypto once again.Airdrop season is kicking off, particularly in the Solana ecosystem after last week saw Jito (JTO) become one of the largest airdrops to date.
The team discusses Bitcoin reaching $40,000 while Michael Saylor adds more Bitcoin to his balance sheet. The team further delves into the Solana ecosystem with highly anticipated airdrops from Jupiter & Jito.Key Takeaways Bitcoin climbed to a 20-month high of $40,100 after confidence increased in a bitcoin ETF approval by Jan. 10, 2024.The cause of this increased confidence was the SEC submitting certain filings last week that effectively enables it to make a decision on all ETF applicants at once in early January.Michael Saylor’s MicroStrategy bought an additional 16,130 BTC for $593M in November, bringing its holdings to 174,540 BTC. It may soon raise $750M to buy more BTC.Airdrop season is heating up in the Solana ecosystem. Last week, Jito announced its JTO token and Jupiter shared its website for checking eligibility for its upcoming JUP airdrop.
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