On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Bloomberg Intelligence Senior Research Analyst James Seyffart to break down the SpaceX IPO's pull on crypto capital, four consecutive weeks of Bitcoin ETF outflows topping $1.7 billion, and the Zcash counterfeiting bug. VanEck Director of Digital Assets Product Kyle DaCruz unpacks VBNB, the first US spot BNB ETF, the rise of "revenue chains," and what staking rewards will mean for the product. 100X Capital CIO Joy Pathak — also known as the Wizard of SoHo — shares his top conviction trade in the 10X segment. Plus, Benchmark-StoneX Managing Director Mark Palmer breaks down why the market overreacted to Strategy's first publicized Bitcoin sale, his $570 price target on the company, and his Buy rating with a $32 target on Strive.

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Timecodes:

00:00 Welcome to Public Keys

00:38 SpaceX IPO, BTC Drops

01:50 BTC ETF Outflows: Overreaction or Trend?

03:23 Zcash Counterfeiting Bug and the Privacy Narrative

06:34 VanEck's Kyle DaCruz on the First US Spot BNB ETF

07:18 Ghost Chains vs Revenue Chains: BNB by the Numbers

08:56 BNB Staking and How VanEck Picks Its Next ETF

11:17 BNB Chain's Decentralization

14:55 ETF Flows Deep-Dive: Bitcoin, Hyperliquid, XRP, Solana

18:02 Bitcoin ETFs vs Gold's $300B in Assets

19:14 The Yin-Yang of Crypto: "We're So Back" vs "It's So Over"

21:39 Joy Pathak's ‘10X’ Trade: NEAR

24:04 Benchmark-StoneX' Mark Palmer on Strategy's First Publicized BTC Sale

25:32 Why S&P's October Critique Drove the Sale

27:47 Path to a $570 Price Target on Strategy

29:40 $32 Buy Rating on Strive and a $95K BTC Assumption

32:18 Crypto Fear & Greed Index at 8

This episode was hosted by Jennifer Sanasie.