Speaker 1: Hey, it's Alex with a Token Metrics daily Pulse from
Speaker 1: March first, twenty twenty six. Hope you're having a good weekend.
Speaker 1: We've got a pretty wild mix of stories today from
Speaker 1: detectives getting front run. But first a quick word from
Speaker 1: our sponsor. Okay, so here's what's happening to massive corporate layoffs.
Speaker 1: So here's the story everyone is talking about. You know
Speaker 1: Zach xbt right, the on chain sleuth who exposes scams. Well,
Speaker 1: it turns out people are now betting on his investigations
Speaker 1: before he even publishes them. At least twelve wallets made
Speaker 1: over a million dollars on polymarket by betting on a
Speaker 1: specific investigation before the findings went public. Think about how
Speaker 1: meta that is. A market designed to catch bad actors
Speaker 1: was used by bad actors to profit from catching bad actors.
Speaker 1: One trader turned fourteen cents into four dollars. It's impressive, sure,
Speaker 1: but it's also a little terrifying for the integrity of
Speaker 1: prediction markets. So where does that leave the rest of
Speaker 1: the market? Honestly kind of a sleep. Bitcoin is still
Speaker 1: stuck in that chop zone, bouncing between sixty and sixty
Speaker 1: nine thousand. It's currently sitting right around sixty eight. K
Speaker 1: Ethereum is hovering just over two thousand. It's the definition
Speaker 1: of a waiting game right now. But if you look
Speaker 1: under the hood, it's not all flat. Gaming tokens are
Speaker 1: actually waking up a big this week, while the AI
Speaker 1: sector is finally cooling off a bit. It feels like
Speaker 1: capital is rotating looking for the next narrative while the
Speaker 1: majors take a breather. Okay, so let's talk about what's
Speaker 1: happening in the corporate world, because this is this is
Speaker 1: actually a pretty big deal. Block. You know, Jack Dorsey's
Speaker 1: company formerly Square, is cutting forty percent of its staff
Speaker 1: four zero. Jack says it's to flatten the org chart
Speaker 1: for AI, but the timing is suspicious. The USOCC just
Speaker 1: proposed new limits on stable coin rewards, and fintech margins
Speaker 1: are getting squeezed. It looks like the legacy payment stack
Speaker 1: is realizing they can't compete with on chain settlement costs,
Speaker 1: so they're evacuating the building. And speaking of evacuations, Magic
Speaker 1: Eden dropped a bombshell. They are closing their Bitcoin and
Speaker 1: EVM deployments to focus exclusively on Solana. This is a
Speaker 1: massive blow to this super app thesis. Everyone thought the
Speaker 1: goal was to be everywhere on every chain, but Magic
Speaker 1: Eden is saying no, Actually, we'd rather dominate one chain
Speaker 1: than be mediocre on all of them. It's a bold
Speaker 1: bet on specialization. One last thing on pivots. Look at
Speaker 1: the miners. Mara and Tero Wolf aren't really bitcoin miners anymore.
Speaker 1: They're becoming AI data centers. Taro Wolf's revenue is up
Speaker 1: over twenty percent, and Marra's stock jumped despite a huge loss.
Speaker 1: All right, before we get into the risks, quick word
Speaker 1: from our sponsor. Okay, we're back, let's talk about what
Speaker 1: to watch for the market is basically telling them we
Speaker 1: like your energy infrastructure more than we like your bitcoin mining.
Speaker 1: It's a total decoupling. So what should you actually be
Speaker 1: worried about right now? For me, it goes back to
Speaker 1: that polymarket story. If truth markets have a leak, they
Speaker 1: aren't truth markets anymore. They're just another place for insiders
Speaker 1: to dump on retail. If we see volume spiking on
Speaker 1: these investigation markets before news drops again, that's a structural problem.
Speaker 1: It means the oracle is broken. Also, keep an eye
Speaker 1: on that minor pivot. It's great for their stock prices,
Speaker 1: but if enough hash rate leaves the bitcoin network to
Speaker 1: chase AI profits, that changes the security model of bitcoin itself.
Speaker 1: Probably fine for now, but it's new territory. And looking
Speaker 1: ahead to this week, keep an eye on World Liberty
Speaker 1: Financial there's a governance vote coming up regarding their staking model.
Speaker 1: With nearly five billion dollars in supply involved, this is
Speaker 1: going to be a real time test of whether it's
Speaker 1: actually a dow or just a dictatorship with a token.
Speaker 1: If you got something out of this, send it to
Speaker 1: a friend who's into crypto. That's the best way to
Speaker 1: support us. This is educational content, not investment advice. Always
Speaker 1: do your own research. I'm Alex, See you next time.