On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by CoinDesk Indices and Data to break down nearly $1.8 billion in weekly Bitcoin ETF outflows, Strategy's new capital plan, and whether the digital asset treasury narrative is back.

SharpLink CEO Joseph Chalom joins to unpack the Ethereum Foundation's funding crisis, the launch of ETHlabs, and the company's $75 million raise, as he makes the case for an institutional supercycle in ETH. In this week's 10X, Kaizen founder Brian Jung breaks down his MicroStrategy short.

Moody's Ratings Managing Director and Global Head of Digital Economy Fabian Astic explains how the firm is embedding credit ratings into tokenized securities on Solana and unveils the first-ever credit rating methodology for stablecoins.

Plus, Midnight Foundation President Fahmi Syed details the partnership with Bank of England-regulated Monument Bank and why privacy is becoming the missing piece for institutional adoption.

This episode of Public Keys is brought to you by Kraken Pro. For more: https://pro.kraken.com/

Learn more at https://www.bullish.com/.

To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

Timecodes:

00:00 Welcome to Public Keys

00:52 BTC ETFs See $1.8B in Weekly Outflows

02:57 Strategy's Capital Plan and Bitcoin's Week

04:12 Is the Digital Asset Treasury Narrative Back?

06:37 Ethereum Foundation Departures and ETHlabs

07:06 SharpLink CEO Joseph Chalom Joins

08:15 Ethereum's Funding Crisis and the ETH Bull Case

10:25 Inside SharpLink's $75M Raise

13:36 ETH's Institutional Super Cycle and Price Outlook

15:19 Will the Clarity Act Pass This Year?

17:45 10X: Brian Jung's Strategy Short

19:16 Moody's Ratings Brings Credit Ratings On-Chain

19:46 Fabian Astic on the First Stablecoin Credit Rating

21:36 Do Stablecoins Need Ratings After the Genius Act?

23:17 Why launch token ratings on Solana and Canton first?

25:36 Collateral Mobility and $255T in Trapped Liquidity

28:46 Is Privacy the Missing Piece for Institutions?

29:02 Midnight's Fahmi Syed on the Monument Bank Deal

33:46 The Collateral Warehouse and Global Expansion

36:38 Thanks for Watching