Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: February twenty eighth, twenty twenty six. Got a lot to
Speaker 1: cover today and honestly, but first a quick word from
Speaker 1: our sponsor. Okay, So here's what's happening. The market's giving
Speaker 1: us some really weird signals that we need to unpack.
Speaker 1: So Bitcoin's basically stuck at sixty seven thousand. But while
Speaker 1: the big dog is napping, gaming tokens just ripped up
Speaker 1: over fifty five percent. But look, the real story isn't
Speaker 1: even in the tokens themselves. It's the miners. They're essentially
Speaker 1: turning into AI companies right before our eyes. This isn't
Speaker 1: just a little pivot, it's a total shift in how
Speaker 1: these companies see themselves. The rotation we're seeing isn't just
Speaker 1: between different coins anymore. It's actually moving between entire industries.
Speaker 1: Now here's where it gets interesting. The broader market is
Speaker 1: actually pretty quiet. Bitcoin, Ethereum, and Solana are all basically
Speaker 1: flat maybe a percent or so. But that's not the headline.
Speaker 1: The headline is that speculative money is fleeing the majors
Speaker 1: and piling into game file. When you see gaming up
Speaker 1: fifty five percent, while bitcoin is bleeding slowly. Well, that's
Speaker 1: classic late rotation behavior. It's like everyone's bored with the
Speaker 1: blue chips and they're hunting for high beta action elsewhere.
Speaker 1: Makes sense. Yeah, okay, so let's talk about these miners. Mara,
Speaker 1: the massive bitcoin minor, just jumps seventeen percent. Why because
Speaker 1: they're converting their facilities into AI data centers. Look, these
Speaker 1: guys are realizing they aren't just crypto companies, their energy
Speaker 1: and cooling companies. If selling compute to open AI pays
Speaker 1: better than mining a block, they're swapping the machines. Even
Speaker 1: Jack Dorsey's company Block is cutting forty percent of its
Speaker 1: staff to go all in on a flatter AI strategy.
Speaker 1: The new correlation to watch isn't the money supply anymore,
Speaker 1: it's Nvidia earnings. Meanwhile, over in the NFT world, Magic
Speaker 1: Eden is making a massive bet. They're shutting down their
Speaker 1: Bitcoin and Ethereum marketplaces to focus entirely on Solana, the
Speaker 1: omni chain dream. Yeah, it just got a reality check.
Speaker 1: It's a bold move to fire your customers on the
Speaker 1: two biggest chains, But they're betting that Solana is where
Speaker 1: the actual retail volume lifts, and speaking of the long game,
Speaker 1: Vi Tahlik just dropped a new roadmap to make Ethereum
Speaker 1: quantum proof by twenty twenty nine. It's it's honestly pretty unsexy.
Speaker 1: While other chains are fighting over speed today, Ethereum is
Speaker 1: optimizing for survival in twenty thirty. It's moving from move
Speaker 1: fast and break things to move slowly and don't break
Speaker 1: the world economy. That's why the big institutions trust it,
Speaker 1: even if the price feels a bit stagnant right now. Lastly,
Speaker 1: keep an eye on the USOCC. They're proposing something called
Speaker 1: the Geneus Act. It could cap stable coin rewards, which
Speaker 1: would basically kill the five percent yield your getting on
Speaker 1: idle USDC. If that happens, that capital is either going
Speaker 1: back to a traditional bank or it's going to get
Speaker 1: pushed way further out on the risk curve into DEEFI.
Speaker 1: So what should you actually be worried about? Well, all right,
Speaker 1: before we get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for that
Speaker 1: fifty five percent pump in gaming. While bitcoin drops is
Speaker 1: a classic warning sign, it usually ends in a flush.
Speaker 1: Then you've got the regulatory squeeze on stable coins. If
Speaker 1: the risk free rate in crypto vanishes, liquidity might just
Speaker 1: leave the building. And don't ignore the miners pivoting to AI.
Speaker 1: If they're switching off bitcoin rigs to run lms, it
Speaker 1: tells you they don't see enough upside in the mining
Speaker 1: economics right now. That's a form of capitulation we haven't
Speaker 1: really seen before. And looking ahead, we've got the monthly
Speaker 1: closed today. Bitcoin needs to stay star that's wrong here
Speaker 1: to avoid a nasty look on the long term charts.
Speaker 1: We've also got some big bets expiring on polymarket for
Speaker 1: XRP and Solana, so expect some volatility around those price levels.
Speaker 1: Also watch the magic eat and transition. If liquidity dries
Speaker 1: up on those other chains, it could get messy for
Speaker 1: NFT holders either way. If you want the full written
Speaker 1: breakdown of everything we talked about, check out our newsletter
Speaker 1: at Pulse dot Tokenmetrics dot com. This is educational content,
Speaker 1: not investment advice. Always do your own research. I'm Alex,
Speaker 1: See you next time.