# Episode 12: Markets Update — ETH Q2 Earnings — ETH ETF

_And what does the "Trump Trade" mean for crypto?_

July 26, 2024 • Michael Nadeau

---

# Episode 12: Markets Update — ETH Q2 Earnings — ETH ETF

## And what does the "Trump Trade" mean for crypto?

Michael Nadeau
 July 26, 2024

[Listen to Episode 12 on Spotify](https://podcasters.spotify.com/pod/show/thedefireport/episodes/Episode-12-Ethereum-Q2-Earnings--ETF-e2mfvnb?utm_source=thedefireport.beehiiv.com&utm_medium=referral&utm_campaign=episode-12-markets-update-eth-q2-earnings-eth-etf)

[Listen to Episode 12 on Apple](https://podcasts.apple.com/us/podcast/episode-12-ethereum-q2-earnings-etf/id1717262936?i=1000663452635&utm_source=thedefireport.beehiiv.com&utm_medium=referral&utm_campaign=episode-12-markets-update-eth-q2-earnings-eth-etf)

 In Episode 12 of The Signal Oskari and I dive into the recent political chaos in the U.S., the “Trump Trade,” and its potential impact on financial markets.

 The discussion also covers an update on the Bitcoin ETF, including onchain data insights into long-term holder activity, selling from miners, and more.

 Finally, we share our forecast for the ETH ETFs and explore Ethereum's Q2 financials, the competitive landscape of L2s, and our forecasts for stablecoins and real-world assets.

 Time Stamps:

-  00:00 Political Chaos in the U.S.

-  03:42 Bitcoin ETFs and Market Dynamics

-  11:34 The "Trump Trade"

-  18:56 Ethereum ETFs Launch and Market Reactions

-  28:26 Ethereum Q2 Earnings and L2 Developments

-  39:54 Future of L2s and Token Economics

-  46:52 Concluding Thoughts and Future Content

 We hope you enjoy the episode and have a great weekend!

[](https://tokenterminal.com/?utm_source=thedefireport.beehiiv.com&utm_medium=referral&utm_campaign=episode-12-markets-update-eth-q2-earnings-eth-etf)

*The DeFi Report is powered by Token Terminal — the leading onchain data & analytics platform for institutional investors. If you’re interested, you can sign up for a free account at the link here: **[FREE ACCOUNT](https://tokenterminal.com/terminal/auth?utm_source=newsletter&utm_campaign=tdr)*

***Disclaimer: ****Individuals have unique circumstances, goals, and risk tolerances, so you should consult a certified investment professional and/or do your own diligence before making investment decisions. The co-hosts and their guests are not investment advisors and may hold positions in the assets covered. Certified professionals can provide individualized investment advice tailored to your unique situation. The topics discussed are for general educational purposes only, are not individualized, and as such should not be construed as investment advice. Any content shared in the podcast is derived from both publicly available information as well as proprietary data sources. All information presented and sources are believed to be reliable as of the date first published. Any opinions expressed during the show are based on information available as of the date of the publication. Although The DeFi Report and the co-hosts believe the information presented is substantially accurate in all material respects and does not omit to state material facts necessary to make the statements herein not misleading, all information and materials shared or discussed are provided on an “as is” and “as available” basis, without warranty or condition of any kind either expressed or implied. Please do your own research. *