Podcast: Why Banks Aren’t Lending

Alfonso Peccatiello of ING Deutschland discusses how a Bitcoin standard could impact a credit driven economy.

August 25, 2021 10:58 am

On this episode of Blockworks’ podcast “On the Margin,” Michael Ippolito, co-founder, sits down with Alfonso Peccatiello, ING Deutschland’s head of fixed income portfolio management and author of online weekly newsletter, The Macro Compass.

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Mike and Alfonso discuss a wide range of topics from signs of slowing structural growth, reverse repos and how a bitcoin standard could impact a credit driven economy.

They also covered:

The effects of quantitative easing
Financial repression

“On the Margin” is a two-part show. Once a week, Mike interviews industry experts, and then at the end of the week he is joined by co-host Tyler Neville where they break down the top crypto and macro stories. Episodes go live every Wednesday and Saturday morning.

Subscribe to “On the Margin” today on Apple or Spotify, or watch episodes on YouTube.

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Solana DEX Winners: All About Order Flow

Solana's spot trading landscape will remain bifurcated: prop AMMs will own the short-tail of highly liquid pairs, while passive AMMs continue drifting toward the long-tail. Both can win via vertical integration, but in opposite directions: passive AMMs are moving closer to users through token issuance platforms (e.g., Pump-PumpSwap, MetaDAO-Futarchy AMM), while prop AMMs are moving down the stack into transaction landing services and infrastructure (e.g., HumidiFi-Nozomi). The venues most at risk are legacy AMMs with limited end-user control and no durable, launch-driven source of order flow.

by Carlos Gonzalez Campo