Speaker 1: Hey, it's alex with the Token Metrics daily pulse for
Speaker 1: April twenty seventh, twenty twenty six, nine hundred and thirty
Speaker 1: three million dollars in a single day, mean tokens up
Speaker 1: thirty one percent in a week, and Bitcoin just sitting
Speaker 1: there at seventy seven thousand, barely blinking. Got a lot
Speaker 1: to unpack today, But first a quick word from our sponsor. Okay,
Speaker 1: So here's what's happening. Crypto ETFs just hit their highest
Speaker 1: total value since February. Nine hundred and thirty three million
Speaker 1: dollars float in on a single day, and this is
Speaker 1: now four consecutive weeks of inflows, four weeks straight. That's
Speaker 1: not a trade, that's an allocation decision. Institutional money doesn't
Speaker 1: show up for a month straight by accident. But here's
Speaker 1: the part that should make you pause. A lot of
Speaker 1: that growth. It might not be fresh dollars coming in.
Speaker 1: It could just be prices going up and making the
Speaker 1: pile look bigger. Decrypt flag that actual spot buying is
Speaker 1: lagging the headline number. So the real question isn't our
Speaker 1: institution's buying, it's how much of this is new money
Speaker 1: versus prices doing the work. That distinction matters a lot
Speaker 1: for what comes next. Meanwhile, meme tokens are up thirty
Speaker 1: one percent in seven days, roll ups, which are basically
Speaker 1: tools that make ethereum faster and cheaper, up twenty six percent,
Speaker 1: analytics tokens up twenty four and bitcoin dominance is sitting
Speaker 1: right at fifty eight percent, not moving. We'll come back
Speaker 1: to why that matters. So where does that leave the
Speaker 1: broader market? Pretty quiet? At the top level, Bitcoin, Ethereum
Speaker 1: and Solana are all basically flat, each down about one percent.
Speaker 1: Total market caps sitting around two point sixty seven trillion unchanged.
Speaker 1: Nothing dramatic on the surface, but underneath that calm things
Speaker 1: are moving fast. Memes up thirty one percent, roll ups
Speaker 1: up twenty six gaming tokens up nineteen, even NFT marketplaces
Speaker 1: up sixteen. The takeaway is the top line numbers look quiet,
Speaker 1: but capital is clearly moving into riskier bets underneath. It's
Speaker 1: just not showing up in Bitcoin's price yet, and that
Speaker 1: gap is the whole story today. All right, let's get
Speaker 1: into what's actually driving all this. Bitcoin just reclaimed a
Speaker 1: key trend line on its chart one it lost back
Speaker 1: in October twenty twenty five. Why does that matter. The
Speaker 1: last time it lost that level, months of sideways pain
Speaker 1: followed getting it back signals the structure is healing. But
Speaker 1: here's the catch. Bitcoin is at seventy seven thousand and
Speaker 1: barely moving while memes and roll ups are running hard.
Speaker 1: In a healthy cycle, bitcoin leads and everything else follows.
Speaker 1: Right now, it's the other way around. That could mean
Speaker 1: Bitcoin is quietly building up for a bigger move, or
Speaker 1: it could mean the speculative energy is running ahead of
Speaker 1: the foundation. One analyst called the pullback from eighty thousand
Speaker 1: temporary maybe, but that word is doing a lot of
Speaker 1: heavy lifting on the meme surge. Fifty one billion dollar
Speaker 1: market cap up thirty one percent in a week, and
Speaker 1: bitcoin dominance is still not falling. In plain English, if
Speaker 1: this were a real rotation out of Bitcoin into everything else,
Speaker 1: Bitcoin's share of the total market would be dropping. It's not. So.
Speaker 1: This meme rally isn't coming from Bitcoin holders cashing out
Speaker 1: and buying memes. It's coming from somewhere else, new money,
Speaker 1: borrowed money, or both. That's a yellow flag, not a
Speaker 1: green one. Shifting gears. Western Union is launching a stable
Speaker 1: coin on Salana and a crypto spending card next month,
Speaker 1: and separately, South Korea's k Bank is testing international transfers
Speaker 1: using Ripple, two big traditional finance names one week, two
Speaker 1: live blockchain pilots. The Western Union move matters because their
Speaker 1: whole business is sending money across borders. If they're building
Speaker 1: out a public blockchain instead of a private one, they're
Speaker 1: betting that public infrastructure is ready for real volume. And
Speaker 1: a spending card attached to a brand your grandmother recognizes,
Speaker 1: that's a different kind of adoption signal than another institutional announcement.
Speaker 1: Kbbank and Ripple is a different story. South Korea is
Speaker 1: actively writing stable coin rules right now, and a major
Speaker 1: bank running live tests sends a message the industry isn't
Speaker 1: waiting for permission. Then there's the EU. Their latest Russia
Speaker 1: sanctions package, the largest yet, specifically targets crypto being used
Speaker 1: to dodge those sanctions. The Grinnix Exchange, which was already
Speaker 1: on the sanctions list, has suspended operations, which means the
Speaker 1: enforcement chain is actually working. The takeaway is crypto compliance
Speaker 1: is no longer optional if you want access to Western
Speaker 1: financial systems. The EU built the legal framework and now
Speaker 1: they're using it a few quick hits, Pudgy Penguins rallied
Speaker 1: hard alongside a broader NFT recovery board. Apes are also surging,
Speaker 1: with NFT trading volumes up sixteen percent in seven days.
Speaker 1: But an analyst flagged that the pengu rally lines up
Speaker 1: with a big token unlock, which can mean early holders
Speaker 1: sell into the excitement while retail buyers absorb it. Worth
Speaker 1: knowing if you're watching that space strategy. Michael Sailor's company
Speaker 1: bought more bitcoin again. Prediction markets put the odds of
Speaker 1: them selling any bitcoin by the end of June at
Speaker 1: under three percent. At this point, Sailor selling bitcoin would
Speaker 1: be more surprising than Bitcoin hitting one hundred thousand and Finally,
Speaker 1: Curve's founder proposed a new way to handle bad debt
Speaker 1: in DeFi lending after the KELP dow Bridge exploit. Instead
Speaker 1: of using the protocol's own funds to cover losses, the
Speaker 1: idea uses market incentives to resolve the problem. It's early,
Speaker 1: but if it works, it could change how the whole
Speaker 1: space handles these situations going forward. All right, before we
Speaker 1: get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for three
Speaker 1: risks worth keeping in mind. First, the meme surge thirty
Speaker 1: one percent in a week at a fifty one billion
Speaker 1: dollar market cap, while Bitcoin's share of the market barely moves.
Speaker 1: That combination suggests this is driven by borrowed money, not
Speaker 1: genuine rotation. Borrowed money unwinds fast. Second, the ETF inflow
Speaker 1: streak might be less impressive than it looks. Four weeks
Speaker 1: of inflows sounds great, but if prices are doing most
Speaker 1: of the work and fresh buying is actually slowing down,
Speaker 1: the institutions are piling in story gets harder to defend
Speaker 1: the moment price's stall. Third, the EU sanctions escalation. Any
Speaker 1: exchange with murky ties to Russian counterparties now faces a
Speaker 1: binary choice clean up and shrink or face enforcement and
Speaker 1: potentially freeze. Grinex is already gone. The question is who's next.
Speaker 1: Two things I'm watching closely over the next few weeks.
Speaker 1: Western Union's Salona stable coin launch is coming next month.
Speaker 1: If it processes real volume in its first thirty days,
Speaker 1: it becomes a proof of concept that could pull other
Speaker 1: money transfer companies toward public blockchains faster than anyone expected.
Speaker 1: And the EU sanctions enforcement is rolling right now. The
Speaker 1: next seven days will tell us whether grin x was
Speaker 1: a one off or the opening move in a broader campaign.
Speaker 1: More exchange is named means this is systematic. Silence means
Speaker 1: the market got lucky for now. That's your daily pulse
Speaker 1: for April twenty seventh. The headline is nine hundred and
Speaker 1: thirty three million in a day and memes up thirty
Speaker 1: one percent. But the real story is what bitcoin dominance
Speaker 1: is or isn't doing underneath all of it. Keep watching
Speaker 1: that number. 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, not investment advice.
Speaker 1: Always do your own research. I'm Alex, See you next time.