AI is reshaping the crypto industry in more ways than one. On this episode of Public Keys hosted by Jennifer Sanasie, TeraWulf CEO Paul Prager explains the company's $19 billion, 20-year AI infrastructure deal with Anthropic and why Bitcoin mining is no longer its core business. Franklin Crypto CIO Seth Ginns discusses why crypto fundamentals are stronger than prices suggest, while Binance.US CEO Stephen Gregory outlines the exchange's comeback strategy. Plus, Bitcoin and Ether ETFs snap an eight-week streak of outflows, and the Crypto Fear & Greed Index shows signs that market sentiment is beginning to recover.

Learn more at https://www.bullish.com/.

-

Register now for CoinDesk's Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/.

-

To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp. 

Timecodes:

00:00 Welcome to Public Keys

00:29 Bitcoin Holds at $63K Through Iran Strikes and Fed Repricing

00:48 SK Hynix Slumps 15%, Kospi Drops 9% After Nasdaq Debut

01:05 Bitcoin Miners Pivot to AI: TeraWulf's $19B Anthropic Lease

01:22 TeraWulf Co-Founder Paul Prager Joins Public Keys

02:06 Selling Abernathy and Recycling Capital

03:24 Timeline and Execution Risks: Building to Full Capacity by 2028

04:48 TeraWulf Exits Bitcoin Mining — For Good

05:43 AI Data Centers, Power Demand, and Community Impact

08:23 Not All Megawatts Are Created Equally

10:20 Franklin Crypto Launches; Seth Ginns Joins Public Keys

12:12 Prices Down, Fundamentals Up: The TradFi-Crypto Disconnect

12:46 Catalysts: Robinhood Chain, OUSD, and Tokenized Equities

16:30 Token Value Capture: The Next Institutional Focus

17:27 Hyperliquid, Lighter, and Legacy Tokens to Watch

19:59 BTC and ETH ETFs Snap Eight-Week Outflow Streak

21:47 Binance US CEO Stephen Gregory Joins Public Keys

22:50 Back From Hibernation: Near-Zero Fees and Path to 20% Share

25:42 Market Outlook: Closer to the Bottom Than the Top

27:54 Fear & Greed at 28; Thank You! See You Next Week