👀 Good news

GM everyone. This is 2036.

I wasn’t going to write a newsletter today, but the news is just too good to ignore—

1/ Yesterday, Trump confirmed J.D. Vance as his Vice President 🇺🇸

Why does this matter?

Because Vance is:

• a Marine Corps veteran

• a former venture capitalist working with Peter Thiel

• a sitting US Senator

… and importantly for us, he’s very pro-crypto.

Vance reportedly owns six figures of Bitcoin.

And he’s openly taken a stance against anti-crypto SEC Chair Gary Gensler.

Now - I’ve already talked a lot about Trump’s pro-crypto stance.

But it looks like his administration will be even more:

• pro-technology

• pro-business and

• pro-crypto

… than most people anticipated.

Elon Musk is taking notice. He said he’d give $45 million per month to a super PAC looking to elect Trump.

You’re probably not bullish enough.

2/ The Ether ETFs will start trading on July 23 🏦

The ETH ETFs are now confirmed— and they’re just a week away.

The real question isn’t whether ETH flows will match BTC flows… but whether they’ll be similar relative to the value of the network.

ETH is 1/3 the market capitalization of BTC.

It will take a lot fewer flows to move the price.

Yesterday, our savior Larry Fink - CEO of Blackrock, the largest investment company in the world - was on CNBC talking about the value and importance of Bitcoin as digital gold and a hedge against uncertainty.

I wouldn’t be surprised if after the ETH ETF launch, we see Larry Fink tout the value of Ethereum on national TV.

Allocate accordingly.

3/ Our coins are popping 📈

Earlier today, BTC soared past $65,000, taking out the critical $64K level I talked about yesterday.

We want to hold that level.

But for now, it’s fueling risk sentiment back on.

This means Solana memecoins are on a rampage.

POPCAT is on track to catch up with WIF, which itself finally caught a bid and was the biggest gainer in the top 100.

POPCAT:

• is up +21% in the last 24 hours

• has entered the Top 100 coins

• is now almost half of WIF’s market cap

For reference, this is what WIF’s price action looked like:

And here’s where POPCAT is at today…

See any similarities?

Looks like the big move up is still ahead of us.

Ok - but what are the downside risks from here? ⚠️

Primarily the Mt. Gox distributions.

Creditors from the defunct crypto exchange have been stuck in a bankruptcy process for 10 years.

They’re getting some of their coins back starting this month.

If many of them dump, we could see some sustained selling pressure. If not, the worst should be behind us. Here’s a good thread on the topic.

It’s one of the reasons for the (moderate) pullback these last few hours.

I’ll keep monitoring the situation and update you accordingly.

1/ Bitcoin soars then dips below $63K on more Mt Gox news

2/ SEC tells ETH ETF issuers they can start trading next week

3/ Trump’s VP owns $100,000-$250,000 of Bitcoin

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.