ARK's research lead breaksdown the firm's rise, recent market jitters, and bitcoin
ARK Invest has had quite the 2021. Since the beginning of the year—underpinned by unprecedented trading volumes and retail activity—ARK has seen its assets under management soar, buoyed by its bets high-growth tech stocks. Many of the names ARK has backed overlap with the stocks that have become darlings among the Wall Street Bets crowd. Indeed, ARK has grown into a heavy-hitter on Wall Street, with the Wall Street Journal referring to founder Cathie Wood as having on of "Wall Street's hottest hands."The latest few trading sessions, whoever, the firm has experienced a reckoning. The firm's Ark Innovation fund—which includes Tesla, Square, and Silvergate—has fallen sharply past the overall market, as The Journal noted. The $23 billion fund is down more than 30% off its highs. On this episode of The Scoop, Brett Winton—the firm's head of research—breaks down the firm's insurmountable rise, the recent market volatility and macro backdrop, Wall Street Bets and the explosion in retail trading, and the big ideas within the crypto and bitcoin that ARK finds interesting. This episode is brought to you by our sponsors Bakkt and KrakenBakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. Visit Bakkt.com for more informationWhether you’re an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today.
5 Mar 2021
A Conversation with Joe McCann, Founder, Chairman of the Board, NodeSource
Frank Chaparro and Matteo Leibowitz interview Joe McCann, the Founder and Chairman of the Board of NodeSource in this week's episode of The Scoop. Frank, Teo, and Joe discuss open source software, how it's changing the banking industry, decentralized financing, and how they're all coming together.View show notes and transcript.
25 Jun 2019
Kristin Smith, Executive Director at The Blockchain Association breaks down 2019's biggest crypto stories on Capitol Hill
Kristin Smith is the Executive Director of The Blockchain Association. In this episode Kristin sits down for her second time with Frank, Ryan, and Steven to discuss: Where we stand after the Libra hearings and predictions on how this story will play out in 2020 The important differences between Republicans and Democrats in the manner they introduce crypto related legislation The Blockchain Association's efforts in making the U.S. more appealing for blockchain businesses to operate The implications of Brad Sherman being appointed as new chair of the subcommittee of the Financial Services Committee Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to email@example.com.
19 Dec 2019
A Conversation with Stephen Palley, Partner at Anderson Kill
In this episode of The Scoop, Frank Chaparro and Ryan Todd interview Stephen Palley, Partner at corporate law firm Anderson Kill. Over the course of a forty-five minute long conversation, Stephen discusses the most current lawsuits including recent developments at Bitfinex and Tether. Stephen also shares his thoughts on projects like Maker and how he sees regulation developing. For the transcript and additional reading materials: https://www.theblockcrypto.com/2019/05/21/a-conversation-with-stephen-palley
21 May 2019
Most Popular Podcasts
A Conversation with Kristin Smith from the Blockchain Association
Frank Chaparro and Ryan Todd speak to Kristin Smith, the Director of External Affairs at the Blockchain Association in this week's episode of The Scoop. Frank, Ryan and Kristin discuss the implications of the case against Kik as well as the recently reintroduced Token Taxonomy Act. Kristin also reveals what it's like to represent leading crypto companies on the hill, and the reception of crypto and blockchain in D.C.
19 Jun 2019
Uncovering the key differences between crypto derivatives markets in North America and Asia with FTX & Alameda Research CEO Sam Bankman-Fried
Launched in May 2019, crypto exchange FTX has showcased the breakneck growth of the burgeoning market for digital asset derivatives. The Binance-backed firm is known for its diversity of products, offering trading of futures tied to dozens of cryptocurrencies. Recently, following the lead of firms like Bakkt, CME, and Derebit, FTX launched options, a derivative product that offers the option traders to purchase bitcoin at a certain price at a predetermined point in the future. Indeed, options have been a hot topic in crypto given recent activity. In this episode of The Scoop FTX CEO Sam Bankman-Fried and The Block's Frank Chaparro discuss: How derivatives and options markets are developing differently in Asia versus the US, where regulated exchanges like CME Group dominate FTX's unique approach to bitcoin options and other derivatives products Whether Asian-based exchanges are exposed to potential regulatory risks Why FTX will likely slow down its rolling out of new product The risks of launching derivatives on low volume crypto assets
28 Jan 2020
B2C2 founder Max Boonen on the importance of competition amongst OTC liquidity providers, regulatory risk, and institutional investors
Max Boonen is the Founder & Director of B2C2, one of the world's largest OTC liquidity providers. In this conversation Frank and Max discuss: Why Max encourages competition amongst OTC liquidity providers Why Max thinks the institutional investors that matter may already be in the space The importance of accounting for regulatory and customary risk when entering a new market Why the majority of B2C2 clients prefer to trade Tether How B2C2 differentiated itself as a young company
19 Nov 2019
Jay Biancamano, Managing Director at State Street
State Street, one of the largest custody banks in the world is yet to launch a service to store crypto assets but that doesn't mean the Boston based firm isn't making waves when it comes to digital assets. On this episode of The Scoop we spoke to Jay Biancamano, managing director of digital product development and innovation at the firm about the opportunity State Street sees in the market. The 25 year plus financial services veteran also shared stories about his time in the US equity market structure, explained why the firm isn't in the bitcoin custody business yet and how block chain can make multi-asset trading finally a reality. I hope you enjoy the episode
24 Oct 2019
Paolo Ardoino, CTO of Bitfinex & Tether discusses Bitfinex's failures in transparency, accusations of Bitcoin price manipulation, and Bitfinex's future plans
In this episode of The Scoop, Paolo Ardoino discusses several topics with Frank Chaparro and Larry Cermak, including: Bitfinex's failures in transparency and what they are doing today to be more transparent Paolo's thoughts on the research report suggesting Tether manipulated Bitcoin prices during the 2017 bull run Why Bitfinex saw success in raising capital for LEO Plans to launch options which will be available on Bitfinex via it's company iFinex Financial Services Tether's plans to launch a gold-backed Tether Gold, with each coin directly linked to a specific gold bar Bitfinex's partnership with a well-known company to launch crypto gift cards
12 Nov 2019
Horacio Barakat, VP of corporate strategy at Broadridge discusses the challenges and benefits of implementing DLT into the financial services industry
Episode 34 of The Scoop was recorded with Frank Chaparro, Ryan Todd, and Horacio Barakat, V.P. of corporate strategy at Broadridge. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to firstname.lastname@example.org.In this episode Horacio sits down with Frank and Ryan to discuss: The challenges associated with implementing distributed ledger technology into the financial services industry Broadridge's strategy to roll out a DLT-based repo platform The reasons why banks need to parter with fintech companies to innovate versus built it alone How they pitch old school broker dealers on blockchain
17 Dec 2019
Crypto hype cycles and the future of Blockchain.com with CEO Peter Smith
Blockchain.com is one of the oldest companies in the crypto world. Best known for its consumer wallet business, the firm has expanded into new verticals over the past year, launching an exchange, institutional lending, and over-the-counter trading businesses.On this episode of The Scoop, Blockchain.com CEO Peter Smith joined The Block's Frank Chaparro to discuss: how the firm has leveraged its 40 million wallet accounts to break into new segments the size of the non-custodial market versus the custodial market The crowded crypto exchange space Facebook Libra Episode 5 of Season 2 of The Scoop was recorded at Blockchain.com's New York office with Frank Chaparro and Peter Smith, Founder and CEO at Blockchain.com. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to email@example.com
11 Feb 2020
A Conversation with R. Martin Chavez, Global Co-Head of Securities at Goldman Sachs
R. Martin Chavez is perhaps one of the most senior technologists on Wall Street as the global co-head of securities at Goldman Sachs. On this episode of The Scoop Chavez talked about the evolution of banking over the past 20 years, Goldman’s foray into bitcoin and the reason why he thinks the Fed will end up making its own cryptocurrency.Transcript and show notes are available on The Block.
13 Aug 2019
A Conversation with Mike Novogratz, Founder, CEO and Chairman at Galaxy Digital
Galaxy Digital is one of the most well known brands in the market for digital currencies led by it's stalwart Mike Novogratz. The firm's origin story dates back to the bitcoin boom of 2017. Originally, Galaxy was to be a $500 million hedge fund which at the time reportedly lured the attention of family offices and other hedge fund managers. It also marked a striking comeback story for Novogratz who left his previous employer, Fortress Investments after his $2.3 billion macro-fund was liquidated resulting in his exile from the Wall Street world. Fast forward to 2019 and Galaxy Digital looks a lot different than it was described in initial reports. The nearly 80 person firm spans asset management, trading and consulting -- an operation some have likened to Wall Street's investment banks. In this episode of The Scoop Novogratz talked about Galaxy's multi-faceted role in the crypto market, why it is expanding into San Francisco and the reason why the bear market might not necessarily be over. I hope you enjoy the episode.
17 Sep 2019
A Conversation with Tom Lee, Managing Partner & Head of Research at Fundstrat Global Advisors
Tom Lee is one of the great luminaries of crypto and finance Twitter. The former chief equity analyst at JP Morgan made headlines during the bitcoin boom of 2017 with his calls that the cryptocurrency would soar to it's price target of $25,000. Fast forward to today; Lee isn't making anymore price targets on bitcoin but he still makes calls on the market -- leading Fundstrat, a market research shop covering both equities and crypto. On this episode of The Scoop, Lee shared his thoughts on how the research business has evolved over the last 2 decades, why he doesn't think bitcoin is a macro-hedge and the largest roadblocks keeping big investors out of the market. We hope you enjoy the episode.
1 Oct 2019
Bob Greifeld, former CEO of Nasdaq examines some market structure debates
Bob Greifeld led Nasdaq as its CEO from 2003 to 2016, driving its evolution as a fledgling listing venue for many tiny tech companies into a diversified global financial technology company. He now sits on the board of two financial high frequency trading firms, including Virtu Financial, where he serves as Chairman. In this conversation, we discuss his new book, Market Movers, and dig into his storied career and examine some of the market structure debates shaping today's capital markets.
5 Nov 2019
A Conversation with Charles Cascarilla, CEO & Co-Founder at Paxos
Paxos wears many hats in the blockchain ecosystem. It offers one of the better known stable coins, $PAX. Operates a crypto currency exchange, that's itBit and the company provides products that help large firms use blockcain to improve their settlement systems. But at the heart of Paxos (according to CEO Charles Cascarilla) is to move the financial system onto the blockchain -- it's a move he says could prevent future financial calamities like what the market saw in 2008. On this episode of The Scoop Cascarilla talked about the growth of it's stable coin and why stable coins are a better alternative for merchants. I hope you enjoy the episode
3 Sep 2019
A Conversation with Nick Grossman, Partner at Union Square Ventures
Union Square Ventures is one of the most prominent east coast VC firms and is also one of the most notable mainstream investors in the bitcoin market. On this episode of The Scoop USV partner Nick Grossman joined us to discuss the firm's approach to investing in the market -- he was recently promoted to partner to lead blockchain investments after 5 years with the firm. We spoke about Libra association which USV is a member of, we examined USV's portfolio and talked about the future of venture capital and the future of capital formation. I hope you enjoy the episode
24 Sep 2019
A Conversation with Paul Veradittakit, Partner, Pantera Capital
Founded in 2013, Pantera Capital is one of the oldest investors in the nascent market for digital currencies. Having previously made headlines for it's eye-popping 25,000%+ returns in bitcoin back in the heyday of 2017 -- it might also be one of the most recognizable brands. On this episode of The Scoop, The Block welcomed Pantera Capital partner Paul Veradittakit to talk about the firm's history, why it sees more room for investing in the crowded crypto currency exchange market and how the firm plans to fend off new upstart challengers in the years to come.
10 Sep 2019
A Conversation with Michael Sonnenshein, Managing Director at Grayscale
On this episode of The Scoop, Michael Sonnenshein talks about the largest Q3 that Grayscale has experienced in it's 6 year history, the increased participation of institutions in the space and the transference of traditional wealth that will be occurring over the next couple of decades -- a transference that will undoubtedly expand the scope and usage of digital currencies.
16 Oct 2019
Peter Johnson, Principal at Jump Capital
While big players like Coinbase, Bakkt and Consensus make most of the headlines in Crypto and on Crypto Twitter there are some institutional players that have been quietly operating in the background for years in the Bitcoin market. One such player is Jump Trading and it's affiliate venture capital firm, Jump Capital. Jump Trading is one of the most active traders in the digital asset world and also one of the most discrete. Leading investments on the Crypto side at it's sister firm Jump Capital is Peter Johnson -- a principal at the firm who joined The Scoop to discuss the firm's origin story in Crypto, we also dove into the firm's Crypto incubator at the University of Illinois Champaign and we talked about the trends Johnson is expecting to play out in 2019. I hope you enjoy the episode.
8 Oct 2019