Zach Pandl
@LowBeta
Head of Research @grayscale. Formerly economist and macro strategist @goldmansachs. Opinions are my own. Disclosure: https://www.grayscale.com/terms-of-service
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Digital assets are making their way to institutional clients now. It was a pleasure to talk with @sonalibasak, CIO at @icapitalnetwork , about the continued maturation of digital assets and what meaningful institutional adoption really looks like.
Advisors and institutions are entering the next phase of crypto. @Grayscale's CEO breaks down Bitcoin’s growing use in diversified portfolios on Beyond 60/40: bit.ly/3YNnTPl
Fed independence intact for today
The Supreme Court appeared likely to let Fed governor Lisa Cook keep her job. Justices signaled broad unease over how Trump’s removal attempt went down. There was less consensus about how the court might ultimately resolve the case. wsj.com/livecoverage/s…
Matt Levine on equity tokenization Retail investor demand for real-time settlement and weekend trading "is, you know, annoying to financial-industry professionals, but it is not unreasonable, so they’re working on it."
If someone can turn down a cookie, they can turn down the delicious satisfaction of reading this newsletter, too. bloomberg.com/opinion/newsle…
Such payments 🐶🐶🐶
Dogecoin Foundation-backed team plans ‘Such’ DOGE payments and commerce app for early 2026 theblock.co/post/386308/do…
Good speech from Mark Carney. I believe neutral financial infrastructure like Ethereum will have an important role to play in the fractured international order he describes. $ETH
For anyone who would like to hear Mark Carney’s outstanding Davos speech in full here it is. This is what true global leadership looks like. Canada should be immensely proud today, because they are leading the fight back when others dare not. 🎥 TikTok - vm.tiktok.com/ZNRBDT4mB/
Regulatory clarity => token issuance
Regulatory clarity could drive token issuance. As rules take shape, companies won’t just issue stocks and bonds; they may issue tokens as part of their capital structure. Zach Pandl @LowBeta, Head of Research at Grayscale, on @bitsandbips discussing what could be coming next.
🔺🔺🔺
The Avalanche Foundation is delighted to see the launch of Build Games. A fast-paced, six-week $1,000,000 program designed for crypto-native talent to turn their next big idea into a real product on Avalanche. If you’ve been waiting for a reason to build, this is it 🔺
Japan losing control of back end of yield curve. If given the choice between defending the currency and defending the bond market, governments will choose the bond market every time. The risk of FX debasement will drive demand for hard currencies.
It begins ... *DANISH PENSION FUND AKADEMIKERPENSION TO EXIT US TREASURIES
If the crypto market structure bill stalls attention will likely turn to the SEC's Project Crypto, including a possible innovation exemption for digital asset issuance. This November speech from SEC Chair Paul Atkins gives a high level overview: sec.gov/newsroom/speec…
The quantum issue is getting more attention from Wall Street strategists. I still think it's a red herring for 2026: the important quantum breakthroughs are far away and there is plenty of research, debate, and preparedness effort underway in the Bitcoin community. Onward.
The once-distant threat of quantum computing has prompted one of the most closely followed market strategists to walk away from Bitcoin bloomberg.com/news/articles/…
The Greenland issue seems exactly the type of thing the EU's Anti-Coercion Instrument (ACI) was designed for. Annex I of the regulation details the EU's potential options for retaliation: tariffs, import/export controls, exclusion of foreign firms from from public procurement,…
Hassett now in 4th place for Fed Chair on Polymarket, trading below Warsh, Waller, and Rieder. If it's Warsh the market's kneejerk reaction will be hawkish, but we will learn a lot more about his current views on policy from the confirmation hearings. polymarket.com/event/who-will…
“Bluetooth-based messaging services have over the years become a go-to option for protestors as governments increasingly impose internet shutdowns” @BitchatMe_
If banks are worried about yield-bearing stablecoins, imagine when they find out what DeFi is capable of.
Chainlink connects blockchains to the real world. Glad to help bring the first and lowest-cost¹ exposure to $LINK with $GLNK
Grayscale Chainlink Trust ETF (Ticker: $GLNK) - now available with 0% fees¹. Gain exposure to the $LINK between crypto and traditional finance with $GLNK, available in your brokerage account now.
Supreme Court will hear oral arguments in the Lisa Cook case on Wed Jan 21. If they indicate she probably cannot be removed, and if Trump nominates Warsh or Waller, perceived threats to Fed independence will diminish. In markets that would mean equities > metals imho.
Maybe it will be Warsh for Fed Chair after all. Not surprisingly the knee jerk reaction in markets is hawkish: rates up, dollar up, risky asset down. polymarket.com/event/who-will…
Maybe it will be Warsh for Fed Chair after all. Not surprisingly the knee jerk reaction in markets is hawkish: rates up, dollar up, risky asset down. polymarket.com/event/who-will…
United States Trends
- 1. Fanone N/A
- 2. Arlington N/A
- 3. Jack Smith N/A
- 4. Jesse Minter N/A
- 5. Fable N/A
- 6. Ivan N/A
- 7. Sinners N/A
- 8. He-Man N/A
- 9. Stanford N/A
- 10. Titanic N/A
- 11. #BTS_ARIRANG N/A
- 12. Maki N/A
- 13. Gore N/A
- 14. Don Lemon N/A
- 15. Hanoi Jane N/A
- 16. Brex N/A
- 17. Oscar N/A
- 18. MetLife N/A
- 19. Nehls N/A
- 20. Rich Paul N/A
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