The Crypto Rundown

How does a hedged Bitcoin ETF balance downside protection with upside potential? Mark Longo sits down with Mark Adams, co-founder and CIO of Fortuna Funds, to unpack HBTC's approach using IBIT options. We explore protective puts, call spreads and an "uncapped collar"—including where the strategy can lag Bitcoin and how its monthly hedges work. Plus, Bitcoin drops below $80,000 during the show as w...

What happens when Nvidia options meet the world of 24/7 crypto trading? Mark Longo welcomes Jake Sylvestre, founder of Hypercall, to explore the on-chain options exchange built on Hyperliquid—and its push to bring round-the-clock trading to equity and crypto derivatives. Jake explains how perpetual futures support delta hedging, why market makers are entering the space, and how Hypercall's liquidi...

The crypto pullback is spreading, but the options market still has plenty to say. On this episode, we break down the latest moves in Bitcoin, Ethereum and Hyperliquid's HYPE token, along with notable options trades in IBIT, MSTR and PURR. We explore a sizable IBIT call spread, the latest PURR activity as HYPE retreats, and how ETHA's reverse stock split complicates its options chain. We also check...

Hyperliquid stands out in a subdued crypto market as traders weigh its rebound against cooling volatility and lighter options activity. Mark Longo breaks down Bitcoin and Ethereum price action, declining implied volatility in IBIT and ETHA, and the latest options flow in Strategy (MSTR), BitMine (BMNR) and Circle. He also examines Hyperliquid's HYPE token, an active November call trade in its asso...

Bitcoin pulled back after a midweek rally, while Solana held on to much of its recent gains. Mark Longo breaks down the latest crypto options activity in IBIT, MSTR, ETHA, BMNR and PURR, including a sharp drop in MSTR volatility and an unusually long dated PURR call trade. Plus, a look at Circle's continued slide, renewed interest in Litecoin, and the listener poll asking which crypto asset you'd...

Crypto markets are roaring back, and some of their riskiest corners are suddenly delivering eye-catching returns. Mark Longo welcomes back Bill Ulivieri of Cenacle Capital Management to examine Bitcoin's breakout, renewed crypto options activity and whether capital may be rotating from AI into digital assets. They explore IBIT, MSTR, MSTU, Ethereum, BMNR, Circle, HYPE, PURR and Solana, along with...

Bill Ulivieri of Cenacle Capital Management returns to The Crypto Rundown — and after calling the Bitcoin bottom on his last appearance, he's feeling even more bullish about what comes next. Mark Longo and Bill explore why Bitcoin could be sitting on a "coiled spring of energy," the latest action in IBIT and MSTR options, and whether Strategy still has more room to run. They also dig into the outl...

Was this the greatest week in crypto history? On this episode of The Crypto Rundown , host Mark Longo is joined by Pat Wood, President and CEO of DelphX Capital Markets , to break down an explosive week across the cryptocurrency markets. Bitcoin comes roaring back with a massive rally and surging ETF inflows, while activity and volatility heat up in IBIT and MSTR . We examine what the move means f...

On this episode of The Crypto Rundown, host Mark Longo welcomes back Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, for a wide-ranging conversation about the evolving crypto marketplace. They explore the growth of institutional crypto trading, why Brandon believes crypto has more of a supply-chain problem than a demand problem, and how custody, credit, execution and regulation could s...

On this episode of The Crypto Rundown, host Mark Longo welcomes Adam Bergman, founder of IRA Financial, to the Crypto Hot Seat for a deep dive into crypto, taxes and retirement accounts. They discuss why investors may want crypto exposure in their IRAs, the potential tax advantages of trading crypto and options in retirement accounts, buying Bitcoin directly versus using ETFs and digital asset tre...

Is the crypto market simply cooling off for the summer, or are traders quietly positioning for the next big move? This week on The Crypto Rundown, Mark Longo breaks down a quieter week across the digital asset landscape as Bitcoin and Ethereum pull back from recent highs, implied volatility remains subdued, and options traders continue hunting for inexpensive upside exposure. In this episode, you'...

The crypto market catches its breath after last week's sharp selloff. On this episode of The Crypto Rundown, Mark Longo breaks down Bitcoin's recovery from Friday's lows, Ethereum's continued attempt to regain momentum, and what subdued options activity may be signaling as the market settles into the heart of summer. You'll also get the latest on options flow in IBIT, MSTR, ETHA, BMNR, Circle (CRC...

Bitcoin has reclaimed the $65,000 level, Ethereum is showing renewed strength, and crypto traders are once again reaching for upside calls. On this episode, Mark Longo breaks down the latest action across the crypto markets, from Bitcoin and ETH to MicroStrategy, BitMine (BMNR), Circle, Hyperliquid (PURR), and more. This week's episode includes: Bitcoin's rally back above $65K Ethereum's strongest...

On this episode of The Crypto Rundown , host Mark Longo welcomes back Bill Ulivieri from Cenacle Capital Management to break down a wild, volatile few weeks in the digital asset space. Bill calls his official generational bottom for Bitcoin, leaning into quantitative power laws, internal AI metrics, and cyclic low models that point to a major buying window between now and November. The guys also d...

On this episode, Mark Longo is joined by Bill Ulivieri of Cenacle Capital Management to break down the latest action across Bitcoin, IBIT, and the wider crypto derivatives space. The guys dive deep into MicroStrategy (MSTR), discussing its current 26% discount to net asset value and why Bill is looking to sell the $100 par puts "with reckless abandon." They also explore the Altcoin Universe—includ...

Bitcoin and the broader crypto markets are catching a strong bid this week! In this "Just the Facts, Ma'am" edition of The Crypto Rundown, host Mark Longo breaks down the explosive trading activity, volume shifts, and options volatility shaking up the digital asset space. We skip the noise and dive straight into the derivative products you are actually trading in your accounts, tracking the major...

Bitcoin breaks below key psychological levels, Ethereum continues to struggle, and crypto traders are searching for yield anywhere they can find it. On this episode of The Crypto Rundown , Mark Longo is joined by Bill Ulivieri of Cenacle Capital Management to dive into the latest crypto market chaos, volatility, and opportunities. The duo explores the recent Bitcoin selloff, the growing role of sp...

What role will perpetual futures play in the next evolution of crypto trading? On this episode of The Crypto Rundown, Mark Longo sits down with Nirup Ramalingam, CEO and Co-Founder of Bridgeport, to discuss the rise of crypto perps, institutional demand, counterparty risk, custody challenges, capital efficiency, tokenization, 24/7 markets, and the growing influence of traditional finance in digita...

Is Coinbase becoming the "everything exchange"? Boris Ilyevsky, Head of Coinbase Derivatives Exchange, joins host Mark Longo to discuss their massive expansion beyond crypto into traditional commodities, equities, and prediction markets. On This Episode: The Commodities Boom: Record retail volume in gold, silver, and WTI crude oil. Going 24/7: Coinbase's plans to launch the first US weekend tradin...

Institutional adoption of crypto is here, but the "nightmare" of counterparty risk still keeps many major players on the sidelines. In this episode, Mark Longo sits down with Gideon Hyams , co-founder and chairman of STS Digital , to discuss how they are bridging the gap between traditional finance (TradFi) and the wild world of crypto derivatives. Gideon shares his journey from the legendary O'Co...

The "Fear Gauge" has officially arrived in the crypto world. In this episode, Mark Longo welcomes Rob Hocking , Global Head of Derivatives at Cboe , to the Hot Seat to break down the launch of the Cboe Bitcoin Volatility Index (BITVX) . In this episode, we explore: The BITVX Reveal: How Cboe is using IBIT (iShares Bitcoin Trust) options to calculate a 30-day forward-looking volatility metric for B...

Is the volatility dream dead, or is Bitcoin just growing up? In this episode, host Mark Longo is joined by Mr. Bill Ulivieri of Cenacle Capital Management to break down a surprisingly "sleepy" couple of weeks in the digital asset space. As Bitcoin rallies toward the $72k mark, the crew explores why implied volatility (IV) is cratering and whether BTC has officially transitioned into a "risk-free"...

Can you buy a home without selling your Bitcoin? On this episode of The Crypto Rundown , host Mark Longo welcomes Josip Rupena, CEO of Milo , to explain the world of crypto-backed mortgages . We dive into how BTC and ETH holders can bridge the gap between digital assets and real estate without triggering taxable events or losing out on future appreciation. What's Inside this Episode: The Crypto Ho...

Is Bitcoin finally decoupling from Gold as a flight-to-quality asset? Join Mark Longo and Greg Magadini from Amberdata as they break down the 75K "magnet" level and the surge of "Hype" in the top 10. Full Description: In this episode, we dive deep into the shifting dynamics of the crypto derivatives market amidst global volatility. As the Middle East conflict influences traditional assets, we exam...

Bitcoin is back on the move, and the options market is telling a new story. Following the FIA Boca conference, we're digging into the data to see if this rally has legs. Topics discussed: Market Update: Bitcoin's run toward $75k. The Greeks: Weekly vs. Monthly volatility shifts. ETF Impact: Analyzing the massive IBIT options volume. Altcoin Rundown: Price action in ETH, SOL, Doge, and Shiba Inu. B...