NickDGarcia

Today $CRCL closed at $153 ($33.2B).

JPMorgan all but confirmed their stablecoin.

Stablecoin summer is real.

Perps, stablecoins, 24/7 markets, global markets, prediction markets, ICOs, digital gold.

It’s hard to see the forest for the trees, but this is what utility and adoption looks like.

Zoom out and bull up 😤

There is a confluence of factors that suggest Ethereum and the Base eco are set to outperform over this next leg and finally give the bag holders what they have been waiting for:

◦ $ETH relative outperformance
◦ $CRCL IPO success bodes well for Coinbase
◦ Base ecosystem strength over the last week
◦ Fears surrounding the Pump extraction event

The time is now 🧘‍♂️

We are currently witnessing the next phase in Bitcoin's adoption - the $Strategy strategy proliferation.

As of today, 199 entities collectively hold 3.01 million BTC ($315 billion), and these numbers are rapidly accelerating.

Is $LOUD the worst token launch ever?

Down 89% in 3 days with mindshare probably down equally as much.

Yikes 😬

Virtuals is pulling away from the other agent platforms.

A great example of how a team can re-ignite a project / ecosystem.

When this dump ends, the @virtuals_io trenches will be one of the best places to position.

Virutals is pulling away from the other agent platforms.

A great example of how a team can re-ignite a project / ecosystem.

When this dump ends, the @virtuals_io trenches will be one of the best places to position.

Some products I regularly use — Rabby, Hyperliquid, and Messari.

Another I regularly use that was generally inaccessible until now was @aixbt_labs

IMO it is among the cleanest UXs, highest alpha feeds, and overall best products in the space.

Anyone can now signup for a sub, so it is now a revenue generating project in addition to the social capital @aixbt_agent has.

It’s still being valued like a slop bot rather than an alpha terminal.

@0rxbt is as elite as it gets.

Purple frog > green frog

There’s an aggregate multi-billion dollar TWAP for BTC with these new treasury holding companies.

You have multiple leveraged mini MSTRs that are buying and hodling BTC (for now).

The amount of leverage and reflexivity in the system is increasing.

And I think it can last for a while as the more established holding companies absorb the smaller ones when they ultimately fail, thus saving them from having to sell BTC.

You need to raise your BTC targets this cycle much higher.

There’s an aggregate, multi-billion dollar TWAP for BTC with these new treasury holding companies.

You have multiple leveraged mini MSTRs that are buying and hodling BTC (for now).

The amount of leverage and reflexivity in the system is increasing.

And I think it can last for a while as the more established holding companies absorb the smaller ones when they ultimately fail, thus saving them from having to sell BTC.

You need to raise your BTC targets this cycle much higher.

We will have a crypto treasury holding co. in every market across the world for a range of assets whether you like it or not.

Some will command an MNAV premium and offer significant public compounding for early adopters, while most will die.

Choose wisely.

We are watching Bitcoin cross the chasm.

The current arc is the proliferation of corporate-treasury adoption and corporate holding companies (Metaplanet, Strive, Nakamoto).

The next escalation, likely already underway, is government adoption.

Truly incredible stuff

Over the past month, pure-play BTC corporate treasury companies have been on a tear.

All are up > 3x, with the average up +626%.

Although a lot of the short term pa is due to the public announcements, expect this space to continue serving as high beta BTC exposure if BTC runs.

The Bitcoin Conference is next week and the lineup is stacked.

The VP, President’s sons, crypto czar, and the goat (Saylor) are just some of the guests.

Over the past few weeks, a number of publicly traded pure-play BTC companies have been announced.

I’m expecting a slew of bullish announcements from them.

Of course, the host @DavidFBailey is leading @nakamoto.

🐂

The Stablecoin bill is going to pass 🔒

A major moment for the industry, as the fruits of the 2024 election campaign begin to bear fruit.

Cannot be overstated how far we've come on the reg front in < 6 months.

This is one of the most exciting times to be in this industry.

Seeing more buzz on the timeline surrounding @timedotfun recently.

Prices are following, with top creators like @aeyakovenko and @0xKawz (the founder) up > 40% today.

Gigabrains like @kunalgoel who are strapped for time are selling their businesses, and Toly is running pitch sessions.

The TLDR of the platform is you tokenize and monetize your time so people can get access to you, while others can simply speculate.

🐂