Jason Pagoulatos

Thank you to our sponsor, Mantle. Sign up for their hackathon here! Crypto markets this year failed to live up to expectations, raising questions about the trajectory for next year. The situation is further complicated by speculation that Bitcoin is about to kick off a multiyear decline in line with the so-called four year cycle. In this Unchained podcast episode, Delphi Digital analysts Jason Pagoulatos and Jordan Yeakley break down the market and applications outlook for next year. They look at whether the four year cycle would hold, what gold's run means for Bitcoin and the conditions that have led to recent market apathy. They also discussed whether the recent resurgence of privacy coins is a fad and who would come out on top in the race to become an “everything app.” Is the four year cycle the result of multiple coincidences? And, is X the dark horse in the everything app meta? Guests: Jason Pagoulatos, Head of Markets at Delphi Digital Jordan Yeakley, CFA, Research Analyst at Delphi Digital Previous appearances on Unchained: What Went Wrong With Pump's ICO and Where It Goes From Here How Crypto Markets Are Post-Selloff, With Election/Fed Uncertainty Links Unchained: Will Bitcoin’s New Phase Change It Forever? And Is the 4-Year Cycle Dead? The Chopping Block: Hyperliquid vs. Tarun, ADL Transparency & The Coming Perps Arms Race What Ethereum Will Look Like When It Implements Its New Privacy Focus Why the Privacy Coins Mania Is Much More Than Price Action Coinbase Launches Stock Trading and Prediction Markets Inside Robinhood’s Big Super App Plan: ‘There’s Still a Lot of Work to Be Done’ How the x402 Standard Is Enabling AI Agents to Pay Each Other Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Pagoulatos

Analyst

Delphi Digital

Jordan Yeakley

Analyst

Delphi Digital

Pump raised $600 million in 12 minutes. Then the token crashed… and sentiment with it. In this episode, Delphi’s Yan Liberman, Jason Pagoulatos, and Simon Smockey unpack what really happened, from the lack of investor lockups to the underwhelming post-ICO communication, and what Pump must do now to win back the market. We also get into whether the “everything app” strategy still makes sense, what decentralization means after this cycle, and what tokens can learn from equity markets. Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Xapo Bank Focal by FalconX Guests: Simon Smockey, Researcher at Delphi Digital Yan Liberman, Co-Founder of Delphi Digital and Managing Partner of Delphi Ventures Jason Pagoulatos, Head of Markets at Delphi Previous coverage on the ICO:  Pump.fun Just Raised $600M. What Does This Mean for DeFi, Solana & Social Media? Pump.fun’s $1 Billion ICO Has Caused Controversy. Can It Succeed? Unchained: Pump.fun Becomes Third Largest ICO, Raises $600M in 12 Minutes  PUMP Traders Make Big Options Bets on the Token Surging Past Its ICO Price Pump.fun Draws Backlash After Confirming PUMP ICO TG Podcast: Alon: Raising $1B, $PUMP Token, Airdrop, and More Timestamps: 🎬 0:00 Intro 💥 2:53 How Pump’s months-long hype set the stage, and why it may have backfired 🔓 11:07 Whether the lack of investor lockups hurt confidence in the token 😬 17:13 Why Jason found Alon’s post-ICO interview with Threadguy underwhelming 📉 22:52 Why Yan still sees strong risk-reward in PUMP despite the crash 🔥 24:29 What Pumpfun can do now to reignite interest and rebuild momentum 💸 34:19 Whether buybacks or business reinvestment is the better path forward 📱 36:37 How realistic the “everything app” vision is, and whether M&As can save it 🌍 47:16 What strategies could finally bring normies onchain 🧵 53:22 Whether the PUMP launch proves that decentralization is dead Learn more about your ad choices. Visit megaphone.fm/adchoices

Yan Liberman

Partner

Delphi Digital

Jason Pagoulatos

Analyst

Delphi Digital

Simon Smockey

Partner

Delphi Digital

After the unwinding of the Japan carry trade, the weak jobs report, and Jump’s dumping of ETH slammed crypto prices earlier this week, Jason Pagoulatos, head of markets at Delphi Digital, gives his insights on where prices are headed. He explains why he thinks Ethereum has underperformed so far in 2024, how the ETH ETFs might impact the price as outflows from Grayscale’s ETHE dwindle, and how the election, moves by the Fed, and the adoption of Bitcoin ETFs by Morgan Stanley advisors will affect BTC.  Show highlights: 00:00 Intro 01:34 Why the markets have rebounded since the weekend selloff 04:11 The role of Jump in the ETH selloff and why ETH has been underperforming so much this year 14:18 Whether Grayscale’s ETHE slowing down the outflows will reverse the trend for ETH 17:53 Why Jason believes that investment advisors will continue to push bitcoin to their clients 20:18 How the macroeconomic environment is affecting crypto prices now and the impact in the near future Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Token 2049 Guest Jason Pagoulatos, head of markets at Delphi Digital Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Pagoulatos

Analyst

Delphi Digital