Joining me now is Sati. He's managing partner at DCLA and a CNBC contributor. SAT, Oracle, I mean the their quarter, at least the quarter itself last quarter wasn't the big thing.It was the pipeline. What if anything can they do this time around to rekindle interest. You think.What are you doing with it. >> I think so. we did was when the stock jumped, we we we to we trimmed it a little bit, but we still like it.I think uh John Oracle's got to talk about the future and really not just the promises, but just ...

two things i strongly believe right now:1. the whole '4-year cycle' idea is deadi think the odds are good that we make a new ATH on $BTC this yearbut i'm extremely confident we’ll see several new ATHs on BTC and on high-conviction altcoins next year2. memecoins are not deadas usual, they’ll continue to have the most parabolic rallies of any altcoinof course, thanks to the Trump admin and increasing regulatory clarity for crypto, utility tokens now stand a better chance than they’ve ever had, simply because ...

Company Overview & Strategy - Bakkt, a crypto trading platform, went public on the NYSE [1][2] - The company focuses on servicing institutional investors through its exchange and data business, including CoinDesk [4][5] - Bakkt allocated 6 million shares, over 20%, of its IPO to retail investors, recognizing their sophistication and potential as marginal price setters [16][17] Market Opportunity & Growth - The institutional wave in crypto has begun, driven by regulatory clarity like the GENIUS Act and Clarity Act [5][6] - The opportunity is described as "gigantic," potentially involving the tokenization of traditional assets like stocks, bonds, and real estate [8][12] - Foreign governments, like those in Europe and Hong Kong, are also bullish on the crypto space, with regulations like MiCA [15] Regulatory Landscape - Congress is pushing for regulatory clarity, urging the SEC, OCC, and CFTC to establish rules for crypto [14] - There's a belief that regulators are actively looking to promote blockchain technology due to its transparency, efficiency, and security [13] Potential Risks & Exuberance - The market's enthusiasm for crypto may be a moment of special exuberance, similar to Coinbase's IPO [10][11] - Despite the potential, the shift to tokenization of traditional assets is expected to happen slowly [12]

Institutional Activity - Institutions accumulated 180万 (1800000) ETH, valued at $75亿 ($7500000000) [1] Exchange Supply - Exchanges hold 1880万 (18800000) ETH in supply [1] Retail Participation - Retail participation remains low [1]