Matt Hougan & Sal Ternullo: NEAR Is One Of The Best Positioned Assets In Crypto

With 130% dispersion between the best and worst of the top 20 assets over 30 days, Matt Hougan calls that the healthiest signal digital assets has produced in a decade, because it means fundamentals finally drive price. He says the bottom was June, the bull market has started, and the next leg comes from wire house advisors allocating in Q4. Sal Ternullo walks through why Near was mispriced against its intents revenue, the inflation reduction proposal taking emissions from 2.5% to 1.6%, and why the real repricing comes when the AI fee switch flips. They also get into Bitwise's new NRR ETF, 24/7 markets, and why virtual cards won't slow stablecoins down.

Matt Hougan is the Chief Investment Officer at Bitwise. Sal Ternullo is the CEO of SVRN.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

02:08 NEAR Intents Revenue Finally Repriced

04:16 Bitwise Was Eyeing NEAR For A While

06:13 Bitwise Brings NEAR To Every Brokerage

08:14 Staking Yield Accrues To Shareholders Automatically

10:33 Not All Digital Assets Are Created Equal

14:55 NEAR Is The AI Call Option Thesis

18:14 Sovereign And Bitwise Are Not Competing

22:09 Institutional Demand Is Just Beginning

26:14 24/7 Markets Need Agentic Infrastructure

30:33 Banks Cannot Staff Saturday Night Risk

32:53 Agents Will Monitor When Humans Sleep

Guest Socials:

Matt Hougan X: https://x.com/Matt_Hougan

Bitwise X: https://x.com/Bitwise

Bitwise Website: https://bitwiseinvestments.com/

Sal Ternullo X: https://x.com/sal_ternullo

SVRN X: https://x.com/svrn_ai

SVRN Website: https://svrn.net/

Partners:

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Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

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Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

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