WEBVTT

1
00:00:00.120 --> 00:00:03.560
<v Speaker 1>Hey, it's Alex with a Token Metrics daily Pulse from

2
00:00:03.600 --> 00:00:07.200
<v Speaker 1>March first, twenty twenty six. Hope you're having a good weekend.

3
00:00:07.719 --> 00:00:10.199
<v Speaker 1>We've got a pretty wild mix of stories today from

4
00:00:10.279 --> 00:00:13.759
<v Speaker 1>detectives getting front run. But first a quick word from

5
00:00:13.759 --> 00:00:18.600
<v Speaker 1>our sponsor. Okay, so here's what's happening to massive corporate layoffs.

6
00:00:19.800 --> 00:00:23.199
<v Speaker 1>So here's the story everyone is talking about. You know

7
00:00:23.440 --> 00:00:29.120
<v Speaker 1>Zach xbt right, the on chain sleuth who exposes scams. Well,

8
00:00:29.160 --> 00:00:32.399
<v Speaker 1>it turns out people are now betting on his investigations

9
00:00:32.600 --> 00:00:36.560
<v Speaker 1>before he even publishes them. At least twelve wallets made

10
00:00:36.640 --> 00:00:39.640
<v Speaker 1>over a million dollars on polymarket by betting on a

11
00:00:39.679 --> 00:00:43.479
<v Speaker 1>specific investigation before the findings went public. Think about how

12
00:00:43.560 --> 00:00:47.159
<v Speaker 1>meta that is. A market designed to catch bad actors

13
00:00:47.719 --> 00:00:51.439
<v Speaker 1>was used by bad actors to profit from catching bad actors.

14
00:00:51.840 --> 00:00:56.240
<v Speaker 1>One trader turned fourteen cents into four dollars. It's impressive, sure,

15
00:00:56.679 --> 00:00:59.079
<v Speaker 1>but it's also a little terrifying for the integrity of

16
00:00:59.119 --> 00:01:02.759
<v Speaker 1>prediction markets. So where does that leave the rest of

17
00:01:02.799 --> 00:01:07.359
<v Speaker 1>the market? Honestly kind of a sleep. Bitcoin is still

18
00:01:07.400 --> 00:01:11.040
<v Speaker 1>stuck in that chop zone, bouncing between sixty and sixty

19
00:01:11.159 --> 00:01:14.760
<v Speaker 1>nine thousand. It's currently sitting right around sixty eight. K

20
00:01:15.560 --> 00:01:19.200
<v Speaker 1>Ethereum is hovering just over two thousand. It's the definition

21
00:01:19.239 --> 00:01:21.239
<v Speaker 1>of a waiting game right now. But if you look

22
00:01:21.280 --> 00:01:24.680
<v Speaker 1>under the hood, it's not all flat. Gaming tokens are

23
00:01:24.719 --> 00:01:28.120
<v Speaker 1>actually waking up a big this week, while the AI

24
00:01:28.200 --> 00:01:31.200
<v Speaker 1>sector is finally cooling off a bit. It feels like

25
00:01:31.280 --> 00:01:34.439
<v Speaker 1>capital is rotating looking for the next narrative while the

26
00:01:34.480 --> 00:01:38.599
<v Speaker 1>majors take a breather. Okay, so let's talk about what's

27
00:01:38.599 --> 00:01:41.239
<v Speaker 1>happening in the corporate world, because this is this is

28
00:01:41.239 --> 00:01:44.359
<v Speaker 1>actually a pretty big deal. Block. You know, Jack Dorsey's

29
00:01:44.359 --> 00:01:48.000
<v Speaker 1>company formerly Square, is cutting forty percent of its staff

30
00:01:48.680 --> 00:01:52.200
<v Speaker 1>four zero. Jack says it's to flatten the org chart

31
00:01:52.239 --> 00:01:57.280
<v Speaker 1>for AI, but the timing is suspicious. The USOCC just

32
00:01:57.319 --> 00:02:01.319
<v Speaker 1>proposed new limits on stable coin rewards, and fintech margins

33
00:02:01.359 --> 00:02:04.599
<v Speaker 1>are getting squeezed. It looks like the legacy payment stack

34
00:02:04.959 --> 00:02:08.520
<v Speaker 1>is realizing they can't compete with on chain settlement costs,

35
00:02:08.879 --> 00:02:13.680
<v Speaker 1>so they're evacuating the building. And speaking of evacuations, Magic

36
00:02:13.919 --> 00:02:17.120
<v Speaker 1>Eden dropped a bombshell. They are closing their Bitcoin and

37
00:02:17.240 --> 00:02:21.360
<v Speaker 1>EVM deployments to focus exclusively on Solana. This is a

38
00:02:21.400 --> 00:02:24.599
<v Speaker 1>massive blow to this super app thesis. Everyone thought the

39
00:02:24.639 --> 00:02:27.800
<v Speaker 1>goal was to be everywhere on every chain, but Magic

40
00:02:27.960 --> 00:02:31.919
<v Speaker 1>Eden is saying no, Actually, we'd rather dominate one chain

41
00:02:31.960 --> 00:02:34.719
<v Speaker 1>than be mediocre on all of them. It's a bold

42
00:02:34.800 --> 00:02:38.879
<v Speaker 1>bet on specialization. One last thing on pivots. Look at

43
00:02:38.879 --> 00:02:43.039
<v Speaker 1>the miners. Mara and Tero Wolf aren't really bitcoin miners anymore.

44
00:02:43.400 --> 00:02:47.360
<v Speaker 1>They're becoming AI data centers. Taro Wolf's revenue is up

45
00:02:47.400 --> 00:02:51.120
<v Speaker 1>over twenty percent, and Marra's stock jumped despite a huge loss.

46
00:02:51.360 --> 00:02:54.240
<v Speaker 1>All right, before we get into the risks, quick word

47
00:02:54.280 --> 00:02:58.520
<v Speaker 1>from our sponsor. Okay, we're back, let's talk about what

48
00:02:58.599 --> 00:03:02.120
<v Speaker 1>to watch for the market is basically telling them we

49
00:03:02.240 --> 00:03:05.439
<v Speaker 1>like your energy infrastructure more than we like your bitcoin mining.

50
00:03:05.919 --> 00:03:10.599
<v Speaker 1>It's a total decoupling. So what should you actually be

51
00:03:10.680 --> 00:03:14.319
<v Speaker 1>worried about right now? For me, it goes back to

52
00:03:14.360 --> 00:03:18.159
<v Speaker 1>that polymarket story. If truth markets have a leak, they

53
00:03:18.199 --> 00:03:21.919
<v Speaker 1>aren't truth markets anymore. They're just another place for insiders

54
00:03:21.919 --> 00:03:24.919
<v Speaker 1>to dump on retail. If we see volume spiking on

55
00:03:24.960 --> 00:03:29.639
<v Speaker 1>these investigation markets before news drops again, that's a structural problem.

56
00:03:29.759 --> 00:03:33.280
<v Speaker 1>It means the oracle is broken. Also, keep an eye

57
00:03:33.360 --> 00:03:36.360
<v Speaker 1>on that minor pivot. It's great for their stock prices,

58
00:03:36.759 --> 00:03:39.120
<v Speaker 1>but if enough hash rate leaves the bitcoin network to

59
00:03:39.199 --> 00:03:43.599
<v Speaker 1>chase AI profits, that changes the security model of bitcoin itself.

60
00:03:43.919 --> 00:03:48.319
<v Speaker 1>Probably fine for now, but it's new territory. And looking

61
00:03:48.400 --> 00:03:51.199
<v Speaker 1>ahead to this week, keep an eye on World Liberty

62
00:03:51.240 --> 00:03:55.479
<v Speaker 1>Financial there's a governance vote coming up regarding their staking model.

63
00:03:55.599 --> 00:03:59.199
<v Speaker 1>With nearly five billion dollars in supply involved, this is

64
00:03:59.240 --> 00:04:00.879
<v Speaker 1>going to be a real time test of whether it's

65
00:04:00.879 --> 00:04:03.879
<v Speaker 1>actually a dow or just a dictatorship with a token.

66
00:04:05.080 --> 00:04:07.039
<v Speaker 1>If you got something out of this, send it to

67
00:04:07.080 --> 00:04:09.639
<v Speaker 1>a friend who's into crypto. That's the best way to

68
00:04:09.680 --> 00:04:14.240
<v Speaker 1>support us. This is educational content, not investment advice. Always

69
00:04:14.240 --> 00:04:17.160
<v Speaker 1>do your own research. I'm Alex, See you next time.