joseph: solana is a wonderful technology.many of those platforms that like to think of themselves as layer one platforms are great technologies. they will be important as our ecosystem evolves. ethereum has chosen to focus on decentralization. that is where you get trust from. so maximal decentralization will bring the trust foundation. and those protocols that are not competing with ethereum, they are competing with layer two protocols on ethereum. many of those protocols will be layer two on ethereum rather because they focus on execution. those are the three pillars you need to focus on as we move into the modular blockchain ecosystem. and ethereum is the clear winner in terms of security, decentralization, and trust, and it is likely to win the guaranteed data availability layer, and many protocols at layer two are going to get incredibly inexpensive to operate. they are already bringing thousands of transactions per second to ethereum, and cost-effectively. emily: you are saying ethereum layer two will become more compet

. >> josh, you're buying more solana. >> i am. i am adding to solana and polka dot. i have too much bitcoin and ethereum relative to some of the smaller protocols that seem to be much more useful, solana's process is much faster than ethereum which becomes very important on open sea and various platforms and that will ultimately start accepting a lot more than ethereum, and i think when you think about things like the graph and polka dot and some of the smaller protocols and meant to make the stuff work better together and if you start thinking about these as coins and start thinking about them as though they were software companies. of course, they're not companies and if you started to think about them that way as products and companies and i think the use case for a lot of the stuff becomes much more attractive and it's a question of nomenclature before things start to get discovered by main street and wall street. >> right i've been in the world since '17. there's so much more activity going on in private markets and in crypto than there is among the five biggest

solana is at a record high, ethereum is at a record high as well.ed to me, much of the cryptocurrency surge has occurred right along with the stock surge. because of all the money out there. there has been so much money printing. the money supply increased 30 to 40% this year. it has to go somewhere to chase returns. i would say cryptocurrency rallies have helped the stocks as well. look at coinbase. i will throw out coinbase and the riots, the grayscale trust. literally it has just gone vertical in the last few months and also i would say the bitcoin etf, futures etf helped shift momentum as well. will we get a spot price at some point? some say maybe next few months. with we could get a ethey are yum spot price. neil: nft, non-fungible token what is it exactly? think. reporter: think of it as a art. it is all about ownership. owner of a nft, verifiable ownership. people use this in faming, likes games, for instance the quid game token. have you heard of infiniti, have you heard of that? is 4 billion-dollar company. the plates are earned. neil: it

you see people trading alternative coins -- ethereum, solana.ertainly another exchange, they have both been growing in volume. people are using things like their earned products, there staking product, and now they are getting into nfts. just like ftx, getting into the nft space, they are looking to make longer investments in the web3 ecosystem and provide better experience. ed: let me look at this chart on the bloomberg terminal. bitcoin had an astonishing rebound since july, but it has lagged the bloomberg crypto index which includes other coins, including ethereum. is this a maturing cryptocurrency market or is it still nascent, to the mind of institutional and retail investors? brett: i think it is still nascent. a lot of institutions in the u.s. have yet to be able to tap the full potential of crypto because of their compliance issues, regulatory issues that are preventing a lot of these major institutions from getting into cryptocurrencies. we are just starting to tiptoe into institutional adoption by the first crypto futures etf being rel

all of it if you want to big into what this new technology is you do want to look at ethereum and solana er are, a lot of these other protocols work very much like a digital oil that you need these tokens to use the protocol w. ethereum on a lot of this, they actually burn that so you get a declining inflation rate or declining supply of these. serves if you go furtherer around the curve on bitcoin you get a lot of the characteristics of bitcoin lus this kind of new tech call option ticker. i would encourage everybody to look at the top 30 or so cryptocurrencies by market cap. >> you have got to be careful or you might get squid game in there for a day or two. >> you may i try to stay away from the squid. i am a calamari guy. >> thank you for talking crypto. >>> covid on the ropes regeneron saying a single dose of its cocktail drug could provide long term protection against covid. this following pfizer's announcement of a treatment next week what this means in the fight against covid next ♪♪ ♪♪ (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, t

bitcoin is holding up better than some of those other coins, ether, solana, xrp , all of thoe names,ation and safe haven narratives really not sticking quite yet. analysts are telling me there are moral go -- more algorithms. there is a 2.8 billion option that could be adding to some of the volatilityand short-term buyers have been the drivers lately of this price action in bitcoin. according to data fromglasnost,% has a cost basis above $57,000 so there is new buyers they might be more responsive to the price fluctuations based on where they got in and have less of a proven conviction in bitcoin, so they might be quicker to sell, andrew. >> okay, kate, you don't think this relates at all to what we are seeing in the broader market in terms of this variant >> no, i do think it's a macro-driven story are you seeing knee-jerk reaction sell-off in tapping into the higher growth assets him people are selling bitcoin as a result they need liquidity. the liquid market look to bitcoin sell-off and it's a very global market. you see overnight stocks gone up in asia. bitcoin tend to do the sa

solana and binance also higher by 20% in seven days.ncies are doing really well, rishaad. rishaad: just a check with the thai bat. unchanged broadly there. we have the bat coming back quite strongly against the american currency. the dollar is down 0.4%. the currency is at the strongest level in two months, the thai bat, optimism about the opening there. the influx of stocks and bonds, you wouldn't know it with the index pretty much unchanged. . to india we go, the nifty suggesting a flat start to the session. the rupee, a bit of strength for the indian currency as we see a bit of dollar weakness, 74 rupees. straight to the market action, let's have a look at what is happening here. we have mark greenfield joining up, our mliv strategist. education stocks. a bit of a u-turn, but there is a lot of, as ever, caveat emptor. mark: yes. there will be a lot of caveat emptors for some time with anything to do with china really. i don't think anybody seriously thinks chinese authorities have stopped interfering with some of the business sectors

ether, solana and bitcoin in the red. there are more algorithms trading crypto that makes these quick reactions large. there's leverage in crypto markets and that can pour fuel on these moves and a $2.8 million options expiration and that may also be adding to the volatility today back to you guys >> as far as safe havens go. the dollar is not one today. it is weakening along with bitcoin and gold is higher and the japanese yen is higher bonds and treasurys are the biggie with under a lot of pressure apple down about 2%, 2.5%. web bush's dan ives joins us now. this is a familiar playbook, dan, where some of the big-cap tech names actually outperform the market on the idea that they'll be resilient if we do have economic weakness as a result of a new covid-19 wave. what do you do with those stocks today? >> we continue to be buying tech our playbook the last 18 months any time we get whether it's 10-year spike fears and any sort of covid variant and second wave you buy the winners in tech. we have the tech cycle going 2022

solana did that last week, except 20%.currency, third-largest depending on which day. it does the boom, ethereum, the block chains for nft trades. you're looking at a rally today and those crypto place coinbase et cetera. stuart: block chain companies are doing very well, the dow was up 230. here is another big story regeneron the antibody therapy shows long-term protection against covid that is important. susan: eight months of protection reduces the risk of contracting covid by 81% according to these clinical trials. regeneron authorizes last november, we know then president trump was treated with it and you also have the pfizer pill last week reducing deaths and hospitalization by 90% the merck drug 50% effective in both expected to be fda approved by years end. with all these available treatments people are saying that we could see the end of the covid pandemic early next year and think about the knock effects with the u.s. economy reopening. stuart: i am in on that one. disney up about 1%, not bad, what is the story.