WEBVTT

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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 fifth, twenty twenty six. Got a lot to

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<v Speaker 1>cover today, and honestly, some of it is a bit

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<v Speaker 1>of a head scratcher. Grab your coffee. Let's get into it.

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<v Speaker 1>But first a quick word from our sponsor. Okay, So

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<v Speaker 1>here's what's happening. So the big story today is a

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<v Speaker 1>bit of a do as I say, not as I

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<v Speaker 1>do situation with ethereum. The tallic butterin sold about seventeen

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<v Speaker 1>thousand ethereum this month, right as the price was sliding. Now,

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<v Speaker 1>usually when a founder dumps, people scream top but this

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<v Speaker 1>feels more like capitulation or maybe just a massive tax bill. Meanwhile,

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<v Speaker 1>the Ethereum Foundation is doing the exact opposite. They're staking

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<v Speaker 1>seventy thousand ethereum from their treasury. It's a total mixed signal.

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<v Speaker 1>One founder is heading for the exit while the organization

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<v Speaker 1>is locking in for yield. It's it's definitely putting that

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<v Speaker 1>ultrasound money narrative to the tech. Now here's where it

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<v Speaker 1>gets interesting. The markets actually bounced a bit today, but

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<v Speaker 1>the underlying plumbing looks a little clogged. Bitcoin is sitting

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<v Speaker 1>around sixty five thousand, and Solana actually led the pack,

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<v Speaker 1>jumping nearly eight percent to about eighty two bucks. But look,

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<v Speaker 1>don't let the green candles distract you from the fuel tank.

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<v Speaker 1>Tether's market cap is shrinking for the second month in

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<v Speaker 1>a row. Think of stable coins like gas for a car,

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<v Speaker 1>and right now the gas station is basically closing up shop.

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<v Speaker 1>If the money supply is contracting, these pumps are going

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<v Speaker 1>to have a hard time staying alive. Markets were mostly

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<v Speaker 1>flat to slightly up, but the liquidity just isn't there yet. Okay,

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<v Speaker 1>So while we're watching the liquidity drain, the big players

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<v Speaker 1>are still making moves. Anchorage Digital, they're a federally chartered bank,

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<v Speaker 1>just added Strategy stock to their balance sheet. It's basically

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<v Speaker 1>an institutional mullet regulatory compliance in the front, Djen BIGC

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<v Speaker 1>coin leverage in the back. Since banks can easily hold

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<v Speaker 1>bitcoin directly, they're just buying the companies that do. It's

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<v Speaker 1>a mojor validation for the bitcoin proxy trade. And speaking

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<v Speaker 1>of big moves, Kraken just launched twenty four to seven

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<v Speaker 1>perpetual futures for US stocks. This is well, it's a

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<v Speaker 1>direct shot at the DeFi World trading and video on

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<v Speaker 1>a Saturday used to be a crypto only superpower. Now

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<v Speaker 1>a major exchange is bringing it to the masses. The

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<v Speaker 1>line between a crypto exchange and in everything exchange is

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<v Speaker 1>getting really blurry. Oh and one more thing that caught

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<v Speaker 1>me off guard. Mark Zuckerberg is back. Reports are saying

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<v Speaker 1>Meta is looking for partners to revive their stable coin project.

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<v Speaker 1>Remember Libra, Yeah, he's not giving up. With three billion users,

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<v Speaker 1>Meta doesn't need to be decentralized. They just need to

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<v Speaker 1>be everywhere. If they launch a stable coin, rail onboarding

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<v Speaker 1>isn't a problem anymore. All right, Before we get into

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<v Speaker 1>the risks, quick word from our sponsor. Okay, we're back.

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<v Speaker 1>Let's talk about what to watch for. It just becomes

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<v Speaker 1>a default setting for half the planet. So what should

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<v Speaker 1>you actually be worried about? Well, the risk map is

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<v Speaker 1>looking a little read today. First, that tether shrinkage. It's

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<v Speaker 1>a real liquidity drain. If money keeps leaving for safer

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<v Speaker 1>yields and traditional finance, crypto is going to feel heavy.

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<v Speaker 1>Then you've got the founder capitulation vibe with fatallic selling.

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<v Speaker 1>It hurts sentiment more than the actual price and Finally,

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<v Speaker 1>keep an eye on the regulatory squeeze between South Korea's

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<v Speaker 1>new influencer laws and the UK capping stable coins. The

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<v Speaker 1>noose is tightening on retail flows. It's a lot of

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<v Speaker 1>friction all at once. And looking ahead, we've got a

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<v Speaker 1>few things on the radar. Hong Kong is set to

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<v Speaker 1>issue its first stable coin licenses in March, which could

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<v Speaker 1>open up some serious Asian capital. Also, keep an eye

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<v Speaker 1>on Nvidia earnings this week. Crypto has been trading like

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<v Speaker 1>a high risk prox for AI stocks lately, so if

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<v Speaker 1>Nvidia misses, the crypto market is probably going to feel

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<v Speaker 1>the punch. Makes sense. Yeah. By the way, if you

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<v Speaker 1>want the full written breakdown of everything we talked about,

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<v Speaker 1>check out our newsletter at Pulse dot tokenmetrics dot com.

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<v Speaker 1>This is educational content, not investment advice. Always do your

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