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<v Speaker 1>Hey, it's Alex here. Today is July twenty ninth, twenty

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<v Speaker 1>twenty six. By the end of this episode, you'll see

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<v Speaker 1>why institutional on ramps and founder risk are the two

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<v Speaker 1>threads pulling crypto in opposite directions. I know it's been

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<v Speaker 1>a weird summer for your portfolio, so let's make sense

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<v Speaker 1>of the noise together. But first, a quick word from

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<v Speaker 1>our sponsor. Okay, so here's what's happening. Morgan Stanley just

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<v Speaker 1>launched Ethereum and solana etf products with fees under one percent.

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<v Speaker 1>That's the cheapest institutional on ramp yet for those two coins.

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<v Speaker 1>Markets were pretty quiet today. We're still in a bear

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<v Speaker 1>market per the Token Metrics indicator, but no major coin

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<v Speaker 1>moved more than a few percent. Bitcoin held around sixty

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<v Speaker 1>four thousand dollars and total crypto values stayed near two

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<v Speaker 1>point three trillion. Stable Coin supply slipped a touch, which

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<v Speaker 1>matters because less cash on the sidelines means thinner buying

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<v Speaker 1>zero knowledge. Zero knowledge is the strongest narrative today, down

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<v Speaker 1>only a little over seven days. Humanity is the top

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<v Speaker 1>coin in that sector, up about fifteen percent over seven days.

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<v Speaker 1>The strength is concentrated, not broad Solana is trading near

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<v Speaker 1>seventy four dollars and fell about five percent over the

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<v Speaker 1>last seven days. The broader structure still leans lower, with

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<v Speaker 1>support a few percent below and resistance about eight percent above.

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<v Speaker 1>Momentum is mixed, so watch for follow through before trusting

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<v Speaker 1>any bounce. If you want to see the exact levels

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<v Speaker 1>and what would break this cautious read, we map it

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<v Speaker 1>all in the monthly playbook. Alpha subscribers got the full

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<v Speaker 1>setup and risk levels for this in the monthly playbook.

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<v Speaker 1>Tokenmetrics dot Com fourteen days free prediction. Markets are leaning

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<v Speaker 1>cautious into month end. First, polymarket betters give about a

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<v Speaker 1>one to three chance Bitcoin dips to sixty three thousand

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<v Speaker 1>dollars in July. That read would flip if we get

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<v Speaker 1>a dubvish fed surprise. Second, there's roughly a one in

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<v Speaker 1>five chance Solana falls to seventy dollars this month, reflecting

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<v Speaker 1>the same cautious sentiment. Link and show notes for the markets.

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<v Speaker 1>Emirates now lets customers in the UAE book flights using

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<v Speaker 1>crypto dot com pay. This is the adoption story that

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<v Speaker 1>actually moves the needle, not some token launch. When normies

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<v Speaker 1>can pay for flights with stable coins, the crypto has

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<v Speaker 1>no utility. Crowd goes quiet. The second order point is

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<v Speaker 1>real world use cases pull in users who never plan

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<v Speaker 1>to trade coins. Watch if Emirates expands this beyond UAE

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<v Speaker 1>within thirty days. If it stays geo fenced, it's just

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<v Speaker 1>a pr move. Russia charged Telegram founder Pavel Durov with

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<v Speaker 1>aiding terrorism and issued an arrest warrant. The same founder

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<v Speaker 1>whose token ton rallied on decentralization hopes, now faces a

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<v Speaker 1>major state label that raises custody in exchange, delisting risk

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<v Speaker 1>for any asset tied to his name. The takeaway is

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<v Speaker 1>jurisdictional friction can hit coins overnight. If exchanges halt ton

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<v Speaker 1>trading or freeze wallets within forty eight hours, Regulatory contagion

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<v Speaker 1>is real. If market shrug crypto has priced in founder risk.

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<v Speaker 1>Finance launched gold and silver options after its commodity futures

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<v Speaker 1>pulled in billions daily. The largest crypto venue is becoming

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<v Speaker 1>a mini commodities desk. This pulls traditional macro traders in

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<v Speaker 1>without them touching a token, widening Finance's mote. Why this

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<v Speaker 1>matters is infrastructure creep like this meets retail, where they

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<v Speaker 1>already are. If option volume hits ten billion dollars daily

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<v Speaker 1>in a month, finance rivals traditional metals venues. If volume stalls,

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<v Speaker 1>it's a sideshow. Ionic Digital jumped twenty six percent in

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<v Speaker 1>its NASDAC debut, giving Celsius creditors an exit. The bankruptcy

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<v Speaker 1>estate turned into a public company, and traders bit it up.

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<v Speaker 1>This is the first clean exit out for Celsia's claimholders

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<v Speaker 1>since the collapse. It also shows public markets still reward

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<v Speaker 1>crypto adjacent mining with an AI pivot. If Ionic holds

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<v Speaker 1>gains above debut price for five days, the bankruptcy overhang

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<v Speaker 1>trade is alive. If it fades, creditors rush for the door.

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<v Speaker 1>Apple got sued after a fake iPhone wallet app drain

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<v Speaker 1>one point eight million dollars in bitcoin. A trillion dollar

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<v Speaker 1>gatekeeper Ignoring scam apps is the easiest attack vector for

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<v Speaker 1>crypto newcomers. Custody hygiene beats chasing alpha when gatekeepers let

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<v Speaker 1>bad apps through. The lesson is your own wallet safety

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<v Speaker 1>matters more than headline trades. If the lawsuit forces app

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<v Speaker 1>store crypto app audits within sixty days, onboarding gets safer.

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<v Speaker 1>If Apple wins easily, the scam surface stays wide. All right,

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<v Speaker 1>before we get into the risks, quick word from our sponsor. Okay,

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<v Speaker 1>we're back. Let's talk about what to watch for. First,

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<v Speaker 1>sentiment is stuck in fear. The Fear and Greed Index

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<v Speaker 1>sits at twenty nine, and retail is absent while the

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<v Speaker 1>largest corporate buyer stays sidelined. Second, liquidity is tightening. Stable

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<v Speaker 1>coin supply dipped less than one percent in a day,

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<v Speaker 1>leaving less cash on the sidelines. Third, the setup is

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<v Speaker 1>fragile because buyers are picky amid shrinking stable coins and

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<v Speaker 1>founder risks like Durav's charge, add delisting wild cards. The

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<v Speaker 1>reed changes if the Fed hints at cuts and stable

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<v Speaker 1>coin supply turns up within seven days. First, the FED

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<v Speaker 1>interest rate decision lands Wednesday, July twenty ninth. Rate stance

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<v Speaker 1>dictates risk appetite, and crypto wants a dubvish signal to

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<v Speaker 1>break its range. Second, bankless Fanatics buys a CFTC regulated

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<v Speaker 1>exchange this week, pushing prediction markets into tradfi. Third, a

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<v Speaker 1>judge blocked Minnesota's prediction market ban on a rolling basis,

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<v Speaker 1>a win for retail betting. Access Watch whether ethereum and

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<v Speaker 1>a lot of ETP flows materialize after the FED decision,

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<v Speaker 1>while stable coin supply reverses its slide. For those of

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<v Speaker 1>you who are serious about your portfolio, Token Metrics Roundtable

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<v Speaker 1>gives you private AI portfolio reviews, live monthly discussions, and

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<v Speaker 1>everything in our alpha plan. Head to tokenmetrics dot com

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<v Speaker 1>to see if it's a fit. This is educational content,

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<v Speaker 1>notn investment advice. Always do your own research. I'm Alex,

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<v Speaker 1>See you next time.