Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: February twenty fifth, twenty twenty six. Got a lot to
Speaker 1: cover today, and honestly, some of it is a bit
Speaker 1: of a head scratcher. Grab your coffee. Let's get into it.
Speaker 1: But first a quick word from our sponsor. Okay, So
Speaker 1: here's what's happening. So the big story today is a
Speaker 1: bit of a do as I say, not as I
Speaker 1: do situation with ethereum. The tallic butterin sold about seventeen
Speaker 1: thousand ethereum this month, right as the price was sliding. Now,
Speaker 1: usually when a founder dumps, people scream top but this
Speaker 1: feels more like capitulation or maybe just a massive tax bill. Meanwhile,
Speaker 1: the Ethereum Foundation is doing the exact opposite. They're staking
Speaker 1: seventy thousand ethereum from their treasury. It's a total mixed signal.
Speaker 1: One founder is heading for the exit while the organization
Speaker 1: is locking in for yield. It's it's definitely putting that
Speaker 1: ultrasound money narrative to the tech. Now here's where it
Speaker 1: gets interesting. The markets actually bounced a bit today, but
Speaker 1: the underlying plumbing looks a little clogged. Bitcoin is sitting
Speaker 1: around sixty five thousand, and Solana actually led the pack,
Speaker 1: jumping nearly eight percent to about eighty two bucks. But look,
Speaker 1: don't let the green candles distract you from the fuel tank.
Speaker 1: Tether's market cap is shrinking for the second month in
Speaker 1: a row. Think of stable coins like gas for a car,
Speaker 1: and right now the gas station is basically closing up shop.
Speaker 1: If the money supply is contracting, these pumps are going
Speaker 1: to have a hard time staying alive. Markets were mostly
Speaker 1: flat to slightly up, but the liquidity just isn't there yet. Okay,
Speaker 1: So while we're watching the liquidity drain, the big players
Speaker 1: are still making moves. Anchorage Digital, they're a federally chartered bank,
Speaker 1: just added Strategy stock to their balance sheet. It's basically
Speaker 1: an institutional mullet regulatory compliance in the front, Djen BIGC
Speaker 1: coin leverage in the back. Since banks can easily hold
Speaker 1: bitcoin directly, they're just buying the companies that do. It's
Speaker 1: a mojor validation for the bitcoin proxy trade. And speaking
Speaker 1: of big moves, Kraken just launched twenty four to seven
Speaker 1: perpetual futures for US stocks. This is well, it's a
Speaker 1: direct shot at the DeFi World trading and video on
Speaker 1: a Saturday used to be a crypto only superpower. Now
Speaker 1: a major exchange is bringing it to the masses. The
Speaker 1: line between a crypto exchange and in everything exchange is
Speaker 1: getting really blurry. Oh and one more thing that caught
Speaker 1: me off guard. Mark Zuckerberg is back. Reports are saying
Speaker 1: Meta is looking for partners to revive their stable coin project.
Speaker 1: Remember Libra, Yeah, he's not giving up. With three billion users,
Speaker 1: Meta doesn't need to be decentralized. They just need to
Speaker 1: be everywhere. If they launch a stable coin, rail onboarding
Speaker 1: isn't a problem anymore. All right, Before we get into
Speaker 1: the risks, quick word from our sponsor. Okay, we're back.
Speaker 1: Let's talk about what to watch for. It just becomes
Speaker 1: a default setting for half the planet. So what should
Speaker 1: you actually be worried about? Well, the risk map is
Speaker 1: looking a little read today. First, that tether shrinkage. It's
Speaker 1: a real liquidity drain. If money keeps leaving for safer
Speaker 1: yields and traditional finance, crypto is going to feel heavy.
Speaker 1: Then you've got the founder capitulation vibe with fatallic selling.
Speaker 1: It hurts sentiment more than the actual price and Finally,
Speaker 1: keep an eye on the regulatory squeeze between South Korea's
Speaker 1: new influencer laws and the UK capping stable coins. The
Speaker 1: noose is tightening on retail flows. It's a lot of
Speaker 1: friction all at once. And looking ahead, we've got a
Speaker 1: few things on the radar. Hong Kong is set to
Speaker 1: issue its first stable coin licenses in March, which could
Speaker 1: open up some serious Asian capital. Also, keep an eye
Speaker 1: on Nvidia earnings this week. Crypto has been trading like
Speaker 1: a high risk prox for AI stocks lately, so if
Speaker 1: Nvidia misses, the crypto market is probably going to feel
Speaker 1: the punch. Makes sense. Yeah. By the way, if you
Speaker 1: want the full written breakdown of everything we talked about,
Speaker 1: check out our newsletter at Pulse dot tokenmetrics dot com.
Speaker 1: This is educational content, not investment advice. Always do your
Speaker 1: own research. I'm Alex, See you next time.