Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: February twenty fourth, twenty twenty six. Got a lot to
Speaker 1: cover today. It's one of those days where the price
Speaker 1: charts look like they're taking a map, but underneath the surface,
Speaker 1: the actual plumbing of the financial world is being ripped
Speaker 1: out and replaced. Grab your coffee, But first, a quick
Speaker 1: word from our sponsor. Okay, so here's what's happening. Let's
Speaker 1: get into it. So here's the big story. Stripe just
Speaker 1: hit a valuation of about dollar one hundred and fifty
Speaker 1: nine billion, and you know why. It's because they're stable.
Speaker 1: Coin volume quadrupled while everyone's staring at Bitcoin's price, Stripe
Speaker 1: is quietly building the financial Internet. But on the flip side,
Speaker 1: Bitcoin's US demand signal has been negative for forty days straight.
Speaker 1: That's a record. It's a weird split. The rails are
Speaker 1: growing like crazy, but the prices are just sleeping. Now
Speaker 1: here's where it gets interesting. The markets were pretty quiet today,
Speaker 1: mostly just chopping around. Bitcoin is sitting around sixty four thousand,
Speaker 1: two hundred and eighty one dollars and Ethereum is hovering
Speaker 1: near one thousand, eight hundred and sixty dollars. A look
Speaker 1: at the narratives. Meme coins are actually up about eight
Speaker 1: percent this week, while everything else I'm talking AI tokens,
Speaker 1: RWA and Deepen is bleeding. AI tokens are down over
Speaker 1: ten percent and Deepen is down nearly twenty It's a
Speaker 1: classic rotation where the only thing people want to touch
Speaker 1: is pure speculation. Okay, so here's the bigger picture. Kraken
Speaker 1: just launched twenty four to seven perpetuals trading for tokenized
Speaker 1: US stocks with twenty x leverage. That's a game changer.
Speaker 1: Now you can trade in video or Apple in the
Speaker 1: middle of the night using crypto rails. It blurs the
Speaker 1: line between a crypto exchange and a traditional brokerage. And
Speaker 1: speaking of things that don't sleep, the SEC just approved
Speaker 1: twenty four to seven trading for wisdom trees. Tokenized money
Speaker 1: marks could fund the old way of waiting days for
Speaker 1: a trade to settle is dying. T plus zero is
Speaker 1: officially here. Well. And then there's the Ethereum Foundation. For
Speaker 1: years they just sold their tokens to pay the bills,
Speaker 1: but now they're staking seventy thousand ethereum for the first time.
Speaker 1: That's a massive signaling shift. They're basically saying that staking
Speaker 1: is now the risk free rate for the whole ecosystem.
Speaker 1: It's a move from being a passive observer to an
Speaker 1: active participant. Also, keep an eye on pay Onaneer. They're
Speaker 1: planning to launch their own bank and the stable coin
Speaker 1: following that PayPal playbook. The big fintech players are all
Speaker 1: in on stable coins now. So what should you actually
Speaker 1: be worried about? All right, before we get into the risks,
Speaker 1: quick word from our sponsor. Okay, we're back. Let's talk
Speaker 1: about what to watch for. Well, the demand vacuum is real.
Speaker 1: With forty days of negative demand in the US, there's
Speaker 1: just no fresh capital stepping in to defend these levels.
Speaker 1: If bitcoin breaks sixty three thousand dollars, we might see
Speaker 1: a quick flush down to sixty thousand dollars plus. The
Speaker 1: Salana ecosystem is feeling some jitters after step Finance announced
Speaker 1: they're winding down following a dollar twenty nine million hack.
Speaker 1: It's a grim reminder that smart contract risk is always
Speaker 1: lurking in the background and looking ahead. Keep an eye
Speaker 1: on Adam Back's blockstream mining note. They're pushing for a
Speaker 1: public listing that could happen as early as April. That
Speaker 1: would give us a new liquid way to play the
Speaker 1: bitcoin mining space. Also, the Ethereum fossil upgrade is coming.
Speaker 1: It's all about censorship resistance, which honestly might cause some
Speaker 1: friction with US regulators down the road. That's the pulse
Speaker 1: for today. If you got something out of this, send
Speaker 1: it to a friend who's into crypto. That's the best
Speaker 1: way to support us. This is educational content, non investment advice.
Speaker 1: Always do your own research. I'm Alex, See you next time.