Crypto + Macro Stuff I'm Looking At Today ... - Gold and silver at ATH's, and silver is now 2nd largest asset on earth, flipping $NVDA - Crypto at $3.3T total market cap (down from $4.38T ATH in early October) - Stablecoins and tokenized stocks and some other crypto stuff is at ATH's though - Cap Money just announced their ICO + Stabledrop (link below) - SummerFi TGE coming on Wednesday - $PENDLE apparently has a big announcement coming - $AAVE's 0xKolten tweeted about Aave potentially expanding to include all kind of interesting collateral types in the future, such as Safe balances, LP positions, vault receipts, RWA's, and etc - $282M crypto theft prompts security warnings - The Owlto airdrop has apparently gone reasonably well actually, with token surging in the first day after TGE - Very interesting macro story that Trump apparently wants to make it possible for Americans to use their 401k funds towards down payments on homes - $QUAI is up over 500% in the last two months after some key updates (note: I own $QUAI and we also work with them via The Daily Degen, however I'm just including this here for newsworthiness) - NYSE announced a bunch of tokenization efforts to 24/7 trading and Blockchain tech and etc - Perps dex meta rolls on (link below) - Optimism may begin $OP buybacks - Today is the 1 year anniversary of the launch of the $MELANIA coin :/ - GAS token generating lots of attention - Galxe seeing significant growth (link below) - China has apparently begun rolling out a yield-bearing CNY stablecoin program - $POL Polygon is apparently doing 30% staff cuts and pivoting to a focus on payments - Believe this is the last day for a lot of the EthGasOfficial airdrop stuff - $YB Yield Basis proposes Hybrid Vaults - Trump hits 8 European countries with new 10% tariffs - All sorts of drama around Trove - Jupiter getting ready for their final Jupuary airdrop - Seeing smart friends of mine talk about Hibachi_xyz Conclusion It feels as if CT is in the middle of a massive existential crisis... Everyone sees the stock market and RWA's being tokenized and crypto winning as 'infra', but it not resulting in any wealth effect with crypto tokens... I think part of this is just the fact that CT always gets despondent during market downturns, and sentiments will improve as prices go back up. But I also think the switch to a fully on-chain world will be slow. It might take 50 years for crypto to be bigger than the stock market. But I have no doubt it will happen. In the meantime don't limit yourself to just crypto- invest in other asset classes as well- but don't mistake temporary poor price action for technological truth. Crypto is superior tech, and it will keep growing in one way or another as a result. Remember lads - nothing worth doing in life is easy 🤝 As always thanks for reading and please RT/comment/etc if you enjoyed!

More info on Cap's ICO/Stabledrop... Massive congrats to my bros @DeFiDave22, @Benjamin918_, and @the_weso! twitter.com/rektdiomedes/statu...

Good update on everything perps dex's from @arndxt_xo:

Will admit I had no idea how big Galxe had gotten until recently... Very interesting data on this from my friend @CryptoRick98:

Well said, my friend. Right now, it's the stage of partial absorption of traditional finance by the crypto market, but in the long run, this battle will be on the side of on-chain. Let's keep staying here.

Richie 🤝