My fireside chat with @fundstrat at @kbwofficial is going parabolic on YouTube 📺

It racked up more than 60,000 views in less than 24 hours.

But rather than earn pennies on the dollar from YouTube, here's how we're pioneering the first ever attention flywheel @coinage_media 🧵
Coinage is re-creating the @saylor playbook for the attention economy

Attention is the most valuable asset on the internet.

Historically, this has been monetized by the YouTubes of the world, leaving creators with pennies on the dollar.

Not anymore! Let's walk through how...

NEW: The Senate is expected to vote tonight on the massive Genius Act Stablecoin Bill

It could unlock the biggest wave of capital to ever come onchain in crypto’s history

Here’s why it matters 🧵

After a weird stumble, in which even the bill’s Democratic co-sponsor Kirsten Gillibrand voted against it last round, the bill is supposedly back on the tracks to pass with Democratic and Republican support

So what will that mean if it passes?

New SEC Chair Paul Atkins just gave the most insanely bullish crypto speech in American history

Here's why it was not only a complete 180 from Gensler's disaster, but also reveals how the SEC will achieve @realDonaldTrump's wish to create the Crypto Capital of the World 🧵 Chair Atkins' speech opened the SEC's crypto roundtable and it was important because it was his first chance to really reveal his crypto goals as Chair

Atkins began by admitting the SEC must change course from Gary Gensler's failures:

"It is a new day at the SEC"

Trump and Bernie are surprisingly similar. Both understand that there's a huge swath of Americans that feel abandoned

It’s also why Trump is trading short-term pain on Wall Street if it means fixing Main Street

But there’s an easier solution to solve financial inequality 🧵
Only ~60% of Americans own any stock at all

That means more than a third of the country is completely missing out on building long-term wealth

This isn’t just a stat — it’s the foundation of a financial system that feels closed to most people

NEW: As @realDonaldTrump's tariff strategy plays out, it's becoming clearer that crypto will play a leading role

At the same time Trump was in the Rose Garden, a House Committee passed a critical stablecoin bill

I chatted w/ @Tether_to CEO @paoloardoino to uncover the link 🧵
One thing is extremely clear: Trump is taking on China head first

He's using tariffs to bring China to the table as China has increasingly grown its sphere of influence around the world:

Look at the Panama Canal
Look at El Salvador

But China holds nearly $1T in US Debt 🔫

I cannot overstate how bullish the death of the Memecoin Industrial Complex is for crypto

Long-term projects that have actually walked the walk on Web3 have been overshadowed by memecoins for years

Here's why the memecoin washout is net-great for crypto 🧵⬇️ The mainstream has always looked at crypto as a casino with no legitimate use cases. For those in the industry, we know that to be false

But memecoins always got massive coverage because of celebs/insiders promoting launches that (on paper) looked huge

It’s *usually* illegal for anyone in government to profit from their office, but Trump is capitalizing on a new way to sell influence

If you follow the money, the $TRUMP memecoin looks like a head fake

THIS is the real Trump honeypot you can get in on (but probably shouldn’t)🧵
First, the obvious: As Rob Blagojevich learned, directly auctioning off an office will land you in prison

But what if you were less obvious about it?

Here's my theory on how President Trump is doing it with crypto (which he confirmed by re-tweeting) ⤵️

SEC Commissioner Hester Peirce was just tapped to run the crypto task force at the SEC and that's so insanely bullish

When I interviewed her last month, she predicted three things would happen under a pro-crypto SEC

This was the first, the others are even better for crypto🧵 First off, the SEC has been regulating by enforcement with lawsuits based on the fact nobody knows the rules / how to be compliant

Today's announcement to set up a task force to finally establish clear rules confirms the "day one" changes she predicted

There is a very important reason why the Trumps are launching $TRUMP and now $MELANIA so fast before the inauguration

And whether you love Trump or hate Trump, the fact is that waiting another day could've opened him up to Constitutional violations & impeachment (again) 🧵
As laid out in the Constitution, no President is allowed to abuse his office to enrich himself

Specifically, the Emoluments Clause prevents the president from receiving profits/gains from foreign governments

That's what makes these coins interesting

https://x.com/zGuz/status/1880621420302225606

Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%

He did so after inviting the Crypto Industry to a black tie event in DC

Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of 🧵
First, the backstory: Trump is coming into office following an intensely anti-crypto administration

Trump’s inner circle has used crypto personally to make millions in short order

He’s launched multiple NFT collections over the last few years using a company called CIC Digital

NEW: Terra Founder Do Kwon is now facing a maximum penalty of 130 years in prison after being extradited to the US

He appeared in US court for the first time to face extensive fraud charges that could impact all of crypto

Here's what happens next 🧵⬇️ The criminal charges detailed in the DOJ's 79-page indictment include new allegations that were not part of the SEC's civil trial

The criminal case goes into further detail as the DOJ must show Do Kwon acted with criminal intent

Prosecutors even cited my old interviews with Do:

It was surreal to be back in court for Do Kwon's trial, just a few floors from where SBF was convicted

I was the first to interview Do after Terra's collapse, and went to SBF's home right before his trial. Here's why these cases are both extremely different and eerily similar 🧵 For starters, this is a civil fraud case against Do Kwon and Terraform Labs. There is no jail time associated with this ruling (though the DOJ was lingering around the courtroom today)

At the heart of the case is exactly what we explored in our interview — Failure vs. Fraud

NEW: Do Kwon / Terra vs. SEC off to a hot start in Manhattan court today

We already got a jury selected along with opening statements from both the SEC and defense teams (plus’s some pretty hilarious material from Judge Rakoff)

Here’s everything from Day 1 🧵 It’s my first time back at the courthouse since SBF’s trial, and this one is way less crowded

Showed up late cause I was coming straight from Newark, but still got a seat.

Most obvious difference: all suits in the courtroom. Terra and the SEC came to play for the civil trial!

People always ask me why I get so excited about Web3.

The answer is that it enables more intimate and better user experiences that have been destroyed by terrible Web2 models that misalign incentives

Let me use a simple example in this thread: Dating Apps 🧵🩷





First off, start by liking and bookmarking this thread so you have something to come back to whenever someone else asks you why Web3 is better 😄

Alright, let's get into why the old Web2 model for tech has been resulting in terrible user experiences — starting with Hinge

The Winklevoss Twins' crypto platform Gemini is the latest player to get hit in the crypto collapse

But they were seen as one of *the good* crypto platforms — above board, regulated, and backed 1:1. So how did even they run into problems? A mini thread 🧵 First off, as we've seen this year — centralized crypto lenders have basically been operating as unregulated banks: promising interest rates 140x-higher than traditional banks, taking in customer deposits, and loaning them out

Even Galaxy Digital CEO Mike Novogratz said that

Most NFT mints optimize to sell out as quickly as possible, or make a lot of money. But if NFTs are all about "community" around a shared goal you'd think fostering the *right* community would be a higher priority

Here's one decentralized approach to put community first 🧵thread 2/ First thing first: Identify a genuine shared goal that isn’t “number go up.”

With precious few exceptions, the NFT market is currently driven by speculation. People will always want to make money. That’s never going to change.

But that creates a destructive paradox

Crypto project @terra_money ( $LUNA ) has surged 50% in the last week to hit a new all-time high even with bitcoin down 5%

Its algorithmically-backed stablecoin $UST has become the largest of its kind and keeps picking up Web3 adoption as THE DeFi dollar

Why that is huge ⬇️ 1/X A "DeFi dollar" has been the elusive holy grail of crypto. How do you make a stablecoin stay at $1?

The largest stablecoins (Tether and USDC) are backed by cash. But what if regulators seize those accounts? What if a company lies about its holdings? 2/X

If you're bullish on ethereum because of the planned network upgrades to burn ETH in transactions, you should really be paying attention to $LUNA and what @terra_money is doing

It's the same idea on an entirely different scale 🔥🔥 1/X Previously, any time someone converted $LUNA into Terra's algorithmically backed stablecoin UST, a portion of $LUNA would stack up in a community pool in a process called "seignorage."

Now, after Terra's Columbus-5 upgrade, $LUNA is just being burned 2/X

CRYPTO RISKS, A THREAD:
You can love bitcoin’s technology, you can love the way #crypto is decentralizing finance, but the system being built around it can still fall victim to greed or error that present new risks. Let's dig into a big one 1/X The Federal Reserve has increasingly called out risks tied to so-called stablecoins, or cryptocurrencies that are built to stay pegged to the dollar ($1)

Stablecoin issuers can hold an equivalent total of dollars or other cash-like assets to back them, so what's so risky? 2/X

Robinhood is not the only brokerage that limited buys on GameStop this week, so why is it catching all the heat?

Maybe because @stoolpresidente & others were quick to spread a theory that hedge funds must have forced the move? Or, Robinhood acted alone

A thread on facts 1/X In our 20-minute interview with Robinhood CEO Vlad Tenev I tried to push for answers tied to their decision in 2018 to internalize a boring but important part of users' trades to boost revenue

Their decision came with a tradeoff: A spike in volatility could be very, very bad 2/X

Robinhood blocked trading on GameStop and AMC so people are now turning to trade on Webull, a Chinese-owned trading platform

The "free market" is so "free" we are turning to China NEW: The CEO of Webull tell us the decision to join Robinhood in restricting AMC and GameStop trades came from soaring costs to settle its users trades:

"It wasn't our choice ... this has to do with settlement mechanics in the market."