Bits + Bips: The Most Dangerous Type of Asset to Trade on Weekends

Evgeny Gaevoy, CEO and founder of Wintermute, a crypto market maker, discusses the state of crypto trading, the concentration of liquidity in mega-cap tokens like Bitcoin and Ethereum, and the rise of derivatives and options. Gaevoy notes a growing dissatisfaction among retail investors regarding altcoins, leading to a flight to quality and interest in memecoins. He also addresses the challenges and risks associated with prediction markets, particularly concerning insider trading, and shares insights on tokenized equities and commodities, highlighting the unique challenges of trading these assets outside of traditional market hours. Gaevoy expresses cautious optimism about crypto's future, anticipating a shift in mindshare back towards crypto and emphasizing the importance of stablecoins in the digital economy.