FalconX

A great fireside chat with Sandeep Nailwal – Polygon Labs Co-founder and CEO – who joined us at the FalconX office on the sidelines of India Blockchain Week. Sandeep spoke about his early crypto conviction and how that conviction led him to build MATIC in 2017 and grow it into the Polygon ecosystem we know today. Our very own Sridhar Vedantam, FRM – Senior Manager, Institutional Coverage – guided a thoughtful discussion on the next decade of digital assets, touching on market structure, emerging themes, and the opportunities shaping its long-term future.

Meet the FalconX team at Abu Dhabi Finance Week 2025. Abu Dhabi will once again bring together global leaders across finance, policy, and digital assets, and our team will be there. Matt Long, General Manager, APAC & Middle East, will be speaking on the panel Institutional Bridges – Institutional Adoption and the Evolution of Digital Asset Regulation, sharing insights on how institutions are approaching digital asset adoption and evolving regulations. Joining him on the ground are Marc Chan, Rebecca Evans, Varun Kumar, Samia Bayou, Nello Cafcules, Diogo Da Silva, and Jacob Goh. If you’re attending, make sure to say hi – we’d love to connect!

Build, buy, or partner? There’s no one-size-fits-all answer. Our Global Head of Revenue and Business, Austin Reid, breaks it down simply. Listen in.

Our General Manager of APAC and the Middle East, Matt Long, spoke at Fasanara Capital's Digital Assembly Conference on the panel “Improving Market Liquidity & Infrastructure for the Next Trillion Market Cap,” alongside Nikita Fadeev (Fasanara Digital), William Harvey (Bullish), Brandon Mulvihill (Crossover Markets), and Sam Sandiford (BitMEX). The panel explored: ✓ How cross-margining can unlock liquidity at scale ✓ The critical role of prime brokers in providing credit ✓ Key risk management frameworks for the evolving digital asset market Thank you to Fasanara for organizing such a thoughtful discussion and bringing together leaders driving the future of digital assets.

Celebrating new beginnings: our NYC team hosted 21shares for a welcome happy hour following the acquisition close. Great night of connecting, celebrating, and looking ahead to what we’ll build together.

Unlock fears, fee cuts, and a major DeFi integration dominated the week – but there’s more beneath the surface. ✓ HYPE faces $300M+ monthly unlocks: Team unlocks begin Nov 29, releasing ~9.9M HYPE/month through 2027.  Unstaking activity and softening revenues sent HYPE down 15% last week. ✓ HIP-3 volumes rip higher: New equity perps + 90% fee cuts push HIP-3 volumes above $300M, with the XYZ100 index perp seeing a jump in trading activity. ✓ Kinetiq (KNTQ) TGE hits Nov 27: A major HYPE-adjacent launch and a real-time test of appetite ahead of HyperEVM TGEs. ✓ Morpho deepens its Coinbase integration: ETH-backed USDC loans go live, building on the BTC-backed lending offering that has already generated up to $1.3B in originations. Full analysis in this week’s Weekly Digest by Senior Crypto Research Associate Martin Gaspar.

ICYMI: In the latest episode of The House View, Colin Farrell, Senior Manager of Institutional Coverage, and Griffin Sears, Head of Derivatives, break down how the December rate-cut reset jolted risk assets, sparked momentum flows and hedging demand, and pushed funds to lean more defensive into year-end. Tune in: https://lnkd.in/eSuZxdJ9

Fear is gripping the market –  but that’s not the whole story this week. ✓ Market sentiment collapses: BTC & ETH wipe out their YTD gains as the Fear & Greed Index hits 14 – with 5 straight days in “extreme fear.” ✓ Aave debuts a consumer-facing savings app with up to 9% APY and $1M account insurance – a potential breakthrough for onboarding users to DeFi. ✓ ZK L2s rip higher as ZKSync and Starknet roll out major tech upgrades. Full analysis in this week’s Weekly Digest by Senior Crypto Research Associate Martin Gaspar.

May I meet you? Let’s talk markets. In the latest episode of The House View, Colin Farrell, Senior Manager, Institutional Coverage, and Griffin Sears, Head of Derivatives, discuss: ✓ Why a repriced December rate cut shifted sentiment across risk assets ✓ How equities, NASDAQ, and crypto reacted to the macro reset ✓ Momentum-driven flows, spikes in liquidations, and demand for downside hedges ✓ How funds are positioning – both defensively and opportunistically – into year-end ✓ What this week’s macro data and Fed commentary could mean for crypto Tune in: https://lnkd.in/eSuZxdJ9

Our CEO and Co-founder Raghu Yarlagadda shares how focus and discipline in strategic acquisitions will shape FalconX’s next 12–24 months.