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Imran and David explore the recent "slow grind higher" of Bitcoin as it digests overhead supply, contrasting crypto’s low volatility with the explosive, retail-driven gamma frenzy currently fueling AI and semiconductor stocks. They argue that despite "sticky" price levels, a highly supportive macro environment marked by surging bank repo liquidity, declining bond volatility, and the Fed’s willingness to tolerate inflation is creating a massive tailwind for risk. Ultimately, they conclude that while AI is currently capturing the "hot money," the ongoing expansion of the monetary base reinforces the long-term necessity of owning hard assets like Bitcoin as a hedge against inevitable currency debasement.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
In this episode of Crypto Options Unplugged, Imran Lakha (Options Insight) and David Brickell (FRNT) are joined by James Brownlee, CEO of T-0 Network, to discuss the massive shift in how money moves across borders. We kick off with a look at Bitcoin’s "grindy" price action as it targets the $85,000 level, exploring why institutional inflows and negative real yields are fuelling this outperformance over altcoins.Then, we dive deep into the world of Stablecoins. James explains how T-0 is bypassing the slow, opaque, and expensive legacy SWIFT system to enable near-instant, "fiat-to-fiat" global settlements using USDT.Key topics covered:BTC Market Analysis: Why 85K is the next big level to watch.The Stablecoin Paradigm Shift: Why 95% of the market still relies on the USD.Regulatory Fragmentation: The impact of MiCA in Europe vs. the US "Clarity Act."Fixing Global Remittances: How blockchain makes cross-border payments feel as fast as local ones.Institutional Adoption: How the world’s biggest banks are reacting to the threat of T-Zero settlement.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
In this episode, Imran Lakha (Options Insight) and David Brickell (FRNT) dissect a "grindy" market where crypto seems to be falling asleep while equities and semiconductors go parabolic. We explore the growing decoupling between Bitcoin and the resurgent tech sector, diving deep into the massive supply overhead at the $80k level and the "yield hunting" trend dominating the options space. Beyond crypto, we analyze the "headline fatigue" surrounding geopolitical conflicts, the alarming risk of a manufacturing shutdown due to dry supply chains in the Strait of Hormuz, and how a "transitory" oil shock is actually driving real rates lower—creating a surprisingly bullish (if volatile) backdrop for risk assets.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
In this episode, James Harris, CEO of Tesseract joins Imran and David to discuss the current state of the Defi market. James talks of his transition from a TradFi background at banks like Citigroup and Salomon Brothers to building regulated crypto infrastructure since 2017. Harris provides a technical breakdown of a recent DeFi exploit involving Kelp DAO and Aave, explaining how the attacker spoofed a bridge to drain assets and why hard-coded pegs often create systemic vulnerabilities. The conversation explores Tesseract’s role in providing regulated "yield-as-a-service" for major platforms like Robinhood and Bitstamp, alongside the emergence of on-chain "vaults" that offer real-time transparency for institutional asset management. Harris emphasizes that while he values the permissionless nature of DeFi, regulatory frameworks like MiCA are essential for protecting users and facilitating the tokenization of everything.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
In this week's episode Imran (Options Insight)and David (FRNT) catch up with a one-to-one conversation. They delve into the recent happenings in crypto and macro that are driving the latest wave of optimism which has taken equity market back to the highs. After months of range trading they question if this is finally the upside break we have been waiting for and Imran explains how he's playing it with short dated calls.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
Jasper De Maere, OTC trader at Wintermute, joins Imran and Dave. He moved from traditional sales & trading and equity research at Morgan Stanley into crypto research at Outlier Ventures before joining Wintermute’s OTC desk. He flags options volumes surging 5x year-over-year on the desk, driven mainly by yield-generating strategies such as covered calls and cash-secured puts from long holders, plus targeted catalyst trades. Delta One remains the core business. Points discussed include Bitcoin in an accumulation zone with persistent structural supply pressure, but slow institutional buying continues to provide support. Miners face profitability challenges for the first time in a halving epoch with negative four-year BTC returns on held rewards; energy costs and smart treasury management (including options) are now critical, and some are pivoting toward AI data centers. The market is shifting from isolated projects toward deeper TradFi integration through tokenization, stablecoins, and AI agents, with capital likely concentrating in quality revenue-generating protocols.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
Crypto navigating post-Trump honeymoon blues and geopolitical noise (Iran conflict, oil volatility). Stephane Ouellette (CEO, FRNT Financial) returns for a frank discussion on 2025's "disappointing" bull market dynamics. DAT wave sucked capital from real operating businesses into speculative shells (many now trading below MNAV, struggling to deliver). Industry top-heavy: incumbents (Coinbase, Robinhood) and stablecoin plays thrived; smaller/mid-cap crypto firms starved of growth capital. Opportunity ahead: consolidation, tokenized equities/credit, blockchain payments modernization. Lending remains key unresolved need; FRNT focused here + advisory for TradFi entering crypto.Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.
Crypto holding steady amid ongoing Middle East tensions (US-Iran conflict ~3 weeks in, oil volatility high, equities pressured — BTC ~70K range resilient, no major flush). Guest Eamonn Gashier (Founder, Block Scholes) joins Imran & David: ex-TradFi trader (16 years in investment banks/hedge funds) who dove into crypto in 2017, left banking in 2021. Block Scholes evolved from options vol analytics (built for their own trading needs) into a leading Oracle provider — delivering real-world data (commodities, oil, etc.) on-chain for DEX settlement/liquidations. Volumes exploding on DEXs (especially during weekend/geopolitical gaps when TradFi is closed). Hype token example shows real utility winning. Outlook: bullish on capital inflows + adoption (institutional + AI execution bots); selective on alts (focus utility/economics, not memes). Macro: central banks trapped (supply shocks vs. growth risks, financial repression likely) — tailwind for BTC as non-sovereign asset. Great discussion covering a lot of bases. Like and Subscribe for more.
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