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

<p>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&#39;s new NRR ETF, 24/7 markets, and why virtual cards won&#39;t slow stablecoins down.</p><p>Matt Hougan is the Chief Investment Officer at Bitwise. Sal Ternullo is the CEO of SVRN.</p><p>The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.</p><p><br></p><p>Timestamps:</p><p>00:00 Intro</p><p>02:08 NEAR Intents Revenue Finally Repriced</p><p>04:16 Bitwise Was Eyeing NEAR For A While</p><p>06:13 Bitwise Brings NEAR To Every Brokerage</p><p>08:14 Staking Yield Accrues To Shareholders Automatically</p><p>10:33 Not All Digital Assets Are Created Equal</p><p>14:55 NEAR Is The AI Call Option Thesis</p><p>18:14 Sovereign And Bitwise Are Not Competing</p><p>22:09 Institutional Demand Is Just Beginning</p><p>26:14 24/7 Markets Need Agentic Infrastructure</p><p>30:33 Banks Cannot Staff Saturday Night Risk</p><p>32:53 Agents Will Monitor When Humans Sleep</p><p><br></p><p>Guest Socials:</p><p>Matt Hougan X: https://x.com/Matt_Hougan</p><p>Bitwise X: https://x.com/Bitwise</p><p>Bitwise Website: https://bitwiseinvestments.com/</p><p>Sal Ternullo X: https://x.com/sal_ternullo</p><p>SVRN X: https://x.com/svrn_ai</p><p>SVRN Website: https://svrn.net/</p><p><br></p><p>Partners: </p><p>If you run concentrated liquidity positions you know the grind. Price moves, you&#39;re out of range, you&#39;re rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua</p><p>---</p><p>Dinari - Over 230 1:1 backed tokenized stocks, ETFs &amp; more with dividends. US-based SEC transfer agent. Available on 5+ chains &amp; via API. https://dinari.com/</p><p>---</p><p>Space and Time is providing verifiabl