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<v Speaker 1>Hey, it's Alex with the Token Metrics Daily Pulse for

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<v Speaker 1>February twenty fourth, twenty twenty six. Got a lot to

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<v Speaker 1>cover today. It's one of those days where the price

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<v Speaker 1>charts look like they're taking a map, but underneath the surface,

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<v Speaker 1>the actual plumbing of the financial world is being ripped

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<v Speaker 1>out and replaced. Grab your coffee, But first, a quick

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<v Speaker 1>word from our sponsor. Okay, so here's what's happening. Let's

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<v Speaker 1>get into it. So here's the big story. Stripe just

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<v Speaker 1>hit a valuation of about dollar one hundred and fifty

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<v Speaker 1>nine billion, and you know why. It's because they're stable.

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<v Speaker 1>Coin volume quadrupled while everyone's staring at Bitcoin's price, Stripe

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<v Speaker 1>is quietly building the financial Internet. But on the flip side,

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<v Speaker 1>Bitcoin's US demand signal has been negative for forty days straight.

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<v Speaker 1>That's a record. It's a weird split. The rails are

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<v Speaker 1>growing like crazy, but the prices are just sleeping. Now

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<v Speaker 1>here's where it gets interesting. The markets were pretty quiet today,

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<v Speaker 1>mostly just chopping around. Bitcoin is sitting around sixty four thousand,

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<v Speaker 1>two hundred and eighty one dollars and Ethereum is hovering

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<v Speaker 1>near one thousand, eight hundred and sixty dollars. A look

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<v Speaker 1>at the narratives. Meme coins are actually up about eight

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<v Speaker 1>percent this week, while everything else I'm talking AI tokens,

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<v Speaker 1>RWA and Deepen is bleeding. AI tokens are down over

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<v Speaker 1>ten percent and Deepen is down nearly twenty It's a

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<v Speaker 1>classic rotation where the only thing people want to touch

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<v Speaker 1>is pure speculation. Okay, so here's the bigger picture. Kraken

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<v Speaker 1>just launched twenty four to seven perpetuals trading for tokenized

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<v Speaker 1>US stocks with twenty x leverage. That's a game changer.

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<v Speaker 1>Now you can trade in video or Apple in the

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<v Speaker 1>middle of the night using crypto rails. It blurs the

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<v Speaker 1>line between a crypto exchange and a traditional brokerage. And

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<v Speaker 1>speaking of things that don't sleep, the SEC just approved

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<v Speaker 1>twenty four to seven trading for wisdom trees. Tokenized money

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<v Speaker 1>marks could fund the old way of waiting days for

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<v Speaker 1>a trade to settle is dying. T plus zero is

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<v Speaker 1>officially here. Well. And then there's the Ethereum Foundation. For

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<v Speaker 1>years they just sold their tokens to pay the bills,

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<v Speaker 1>but now they're staking seventy thousand ethereum for the first time.

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<v Speaker 1>That's a massive signaling shift. They're basically saying that staking

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<v Speaker 1>is now the risk free rate for the whole ecosystem.

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<v Speaker 1>It's a move from being a passive observer to an

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<v Speaker 1>active participant. Also, keep an eye on pay Onaneer. They're

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<v Speaker 1>planning to launch their own bank and the stable coin

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<v Speaker 1>following that PayPal playbook. The big fintech players are all

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<v Speaker 1>in on stable coins now. So what should you actually

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<v Speaker 1>be worried about? All right, before we get into the risks,

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<v Speaker 1>quick word from our sponsor. Okay, we're back. Let's talk

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<v Speaker 1>about what to watch for. Well, the demand vacuum is real.

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<v Speaker 1>With forty days of negative demand in the US, there's

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<v Speaker 1>just no fresh capital stepping in to defend these levels.

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<v Speaker 1>If bitcoin breaks sixty three thousand dollars, we might see

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<v Speaker 1>a quick flush down to sixty thousand dollars plus. The

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<v Speaker 1>Salana ecosystem is feeling some jitters after step Finance announced

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<v Speaker 1>they're winding down following a dollar twenty nine million hack.

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<v Speaker 1>It's a grim reminder that smart contract risk is always

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<v Speaker 1>lurking in the background and looking ahead. Keep an eye

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<v Speaker 1>on Adam Back's blockstream mining note. They're pushing for a

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<v Speaker 1>public listing that could happen as early as April. That

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<v Speaker 1>would give us a new liquid way to play the

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<v Speaker 1>bitcoin mining space. Also, the Ethereum fossil upgrade is coming.

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<v Speaker 1>It's all about censorship resistance, which honestly might cause some

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<v Speaker 1>friction with US regulators down the road. That's the pulse

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<v Speaker 1>for today. If you got something out of this, send

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<v Speaker 1>it to a friend who's into crypto. That's the best

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<v Speaker 1>way to support us. This is educational content, non investment advice.

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<v Speaker 1>Always do your own research. I'm Alex, See you next time.