Soft CPI Sends Crypto, Robinhood Flips ETH DEX Volume + World Cup Predictions
About this episode
The episode discusses the mixed performance of major cryptocurrencies ahead of CPI data, trading trends, and developments in tokenization and AI infrastructure.
Crypto majors are mixed ahead of CPI; BTC -1% at $62.7k; ETH +1% at $1,790; SOL -1% at $75; HYPE -2% at $64. CRV (+7%), ENA (+5%), INJ (+4%) and UNI (+3%) led top movers. Oil +10% at $81; Gold -1% at $4,020. Stock futures are mixed as oil spikes and June CPI data comes this AM; DOW -0.7%, Nasdaq +0.3%. June CEX volumes fell 5% from May, while derivatives trading rose by 4%. BTC and ETH social media posts have fallen to their lowest level since 2020. Coinbase CEO Brian Armstrong admitted Base "messed up" on content coins, saying they didn't work and that Base pivoted away early this year, with resources now going toward trading, payments, and AI agents. BlackRock, Goldman Sachs, and JPMorgan joined a 54-firm UK tokenization taskforce backed by the government, starting with tokenized repo, with a Treasury report projecting up to £33 billion in annual economic output by 2035. TeraWulf’s CEO said “not all megawatts are created equally” in the AI race, stating flatly that “we’re not involved in Bitcoin” anymore as its $19 billion Anthropic hosting deal completes its shift from miner to AI infrastructure company. SBI Holdings’ blockchain initiative pivoted to Solana for…
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