3 weeks ago
13
Speaking on the All Things Markets podcast with Anthony Scaramucci on July 11, Novogratz offered a measured upgrade of the market’s condition: “Crypto trades better this month than it did last month.” The improvement comes off a low base, he cautioned, but the on-chain record from the launch he singled out suggests the enthusiasm at the market’s edges is measurable.
Key Takeaways
- Novogratz reports crypto trading volumes up 20-30% month-over-month from a low base.
- He puts the odds of US market structure legislation passing at “50-50 right now”.
- Robinhood Chain crossed $1 billion in cumulative DEX volume in its first week and briefly flipped Hyperliquid in daily volume on July 8.
- Novogratz argues AI and SpaceX have been draining capital from crypto, with rotation reversing only at the margins.
A Better Tape With a Coin-Flip Attached
The volume recovery Novogratz describes arrives with a caveat he supplied himself: 20-30% growth from June’s depressed levels restores activity, not the highs. His reading of Washington carries the sam...
English (US)