CoinDesk Podcast Network

John Wang, head of crypto at Kalshi, joins Sam just days after the company hit a $40 billion valuation and one year into John's tenure, which has seen prediction markets go from niche internet community to mainstream financial instrument. They cover the World Cup trading frenzy, why crypto is now the second largest market on the platform, and how Kalshi built the first CFTC-regulated perp exchange in the US from the ground up, doing $1 billion in its first week and $5 billion in its first month.
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Timecodes:

0:00 - Cold open on prediction markets going mainstream

0:25 - Introduction: John Wang, head of crypto at Kalshi

0:46 - Reflecting on Kalshi's growth over the past year

2:03 - Sports' economic impact and the Knicks/World Cup effect

3:24 - CLARITY Act, midterms hub, and regulatory unlocks

4:08 - Launching the first CFTC-regulated perp market

6:26 - Explosive early perps adoption (billion in week one)

7:55 - Risk tools: stop loss, take profit, and Kalshi Social

9:12 - Agentic trading and API-driven automation
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Anthropic beats OpenAI in Q2 revenue.

Anthropic more than doubled its revenue to $11.6 billion and posted a small operating profit, overtaking OpenAI for the first time. OpenAI's loss widened to $12.3 billion as it paused some frontier training over safety concerns. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

MSTR down 73% since last year.

Michael Saylor says a Strategy share buyback isn't a priority, but he'd consider it if MSTR trades at a deep enough discount to net asset value. The stock is down about 73% year-over-year as Strategy builds a $4.8 billion cash reserve. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Citizens' Devin Ryan to break down Securitize's first earnings report, its 26% selloff, and why he sees significant upside as tokenization grows. Pantera Capital General Partner Cosmo Jiang explains why AI and blockchain are converging, Solana's lead in AI agent activity, and the new S&P Pantera Digital Asset Index. Plus, a look at Bitcoin and Ethereum ETF flows and Robinhood's new fund giving retail investors access to early-stage Y Combinator startups.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:29 Securitize Stumbles in First Public Earnings Report

00:50 Citizens' Devin Ryan Joins Public Keys

02:07 From Speculation to Real Blockchain Usage

03:52 Securitize's 26% Selloff and a $15 Price Target

05:29 The Bull and Bear Case for SECZ

06:47 Will the SEC and CFTC Fill the Regulatory Gap?

09:58 What to Watch: BlackRock and Tokenized AUM

12:18 Bitcoin ETFs Post $390M in Weekly Outflows

12:46 13F Filings: Harvard Holds, JPMorgan and Tudor Add

13:06 Ethereum ETFs Snap Five-Week Inflow Streak

13:42 Pantera's Cosmo Jiang on the Market Outlook

16:59 Bitcoin's 42% Discount vs. AI Stocks' Premium

18:26 Blockchain and the Agentic Economy

20:17 Why Solana Leads on AI Agent Activity

21:15 Inside the S&P Pantera Digital Asset Index

25:07 Robinhood Ventures Fund II Debuts on NYSE

26:03 The Risk and Reward of Early-Stage Investing

28:32 How Daily Liquidity for Private Assets Works

30:38 Robinhood Chain, Tokenization and Yield

32:48 Crypto Fear & Greed Index at 31

U.S.-Iran ceasefire has lapsed.

The 60-day U.S.-Iran ceasefire has lapsed with no deal, and traffic through the Strait of Hormuz is down about 90%. Tehran says it has struck a separate deal with Oman to reopen the strait, but only if the US lifts its naval blockade, per CNBC. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.