In partnership with

Hey there, Degens!

This is the Hodl Report, where we YOLO’d that leverage trade, got margin called into oblivion, and are now stuck writing newsletters instead of trading. 🤡

This week we’re looking at:

• Weekly recap: The good, the bad, the “meh” 🗓️

• Trader’s tales: Big swings, bigger lessons 🏛️

• Crypto adoption watch: Who’s joining the party next? 🌍

• Top news, no filler 📰

• Meme magic for your portfolio PTSD 😂

Let’s dive in - head first, leverage second! 🚀

Does your trading the past few weeks have you feeling like 👇

You’re not alone. 😂

This week, the crypto vibes took a hit from the latest drama in the US-China Trade War.

Trump kicked off the week getting clowned as TACO, then cranked up the heat by halting chip and jet engine exports to China. When China apparently broke the trade deal, Trump’s like, “no more Mr. Nice Guy.” Meanwhile, back home, the U.S. courts just smacked down his tariff plan.

The result?

As you can guess, this uncertainty caused crypto prices to drop and now Bitcoin’s bullish trend is teetering.

Let’s see if the price can claw its way back into that sweet upward channel, so we can keep the pump rolling.🤞

On the bright side, we just wrapped up the Bitcoin 2025 conference.

Big names, bigger ideas, although some purists wanted more Bitcoin-only talk and less altcoin and stablecoin shilling. We feel ya.

Some of the key takeaways from Team Trump were:

Need a bit of hopium for Bitcoin to reclaim it’s run?

Retail isn’t back yet. All this price action? It’s driven by institutions, funds, and treasury companies - no normie hype in sight. 👀

Need even more hopium?

$5 billion in stablecoins is going out to FTX creditors today and what do you reckon the odds are that…

They are gonna ape back into crypto like true degenerates or play it safe and park it in TradFi?

We think that’s fresh liquidity entering crypto. 🤑

The James Wynn Round-Trip Saga ✈️

A Lesson in DeFi Degen Life

James Wynn, legendary 40x leverage degen, just wrapped up his epic saga of round tripping his $100M gains all the way back to zero. 🤯

His final confession…

Let’s be honest, most of us can relate.

Well, maybe not $100M-size drawdowns… but the round trip?

Oh, we’ve been there. 😂😯😢

Even fellow degen Arthur Hayes had to show love - offering James a seat at his table anytime. 👑

The wisdom from James?

Spoken like a true degen. 👊

That’s why we continue to shout the same mantra from the rooftops:

💰 TAKE PROFITS. Don’t round trip it all back. 💰

🟠 Bitcoin Adoption News This Week 🟠

Despite the price action, Bitcoin adoption has been turning up the heat this week, and if you’re not paying attention, you’re missing the plot.

Let’s break down the big moves:

✅ Pakistan’s Bitcoin Reserve
At the Bitcoin conference this week, Pakistan’s crypto minister dropped the bomb: the country is forming a Bitcoin Strategic Reserve. Pakistan’s now in the stacking game and they are going one step further by allocating 2,000 megawatts of power towards Bitcoin mining and AI Data Centers.

✅ Gamestop Goes Full Bitcoin
Gamestop pivoted from video game retailer to memestock and now... to Bitcoin treasury company. 🎮💥 They raised cash and deployed it into Bitcoin buys this week. More buys are expected. Who’s next, Blockbuster?

With Gamestop now in the mix, the scoreboard keeps climbing:

114 public companies now collectively hold 807k Bitcoin

✅ Firing Squad for Anti-Crypto Regulators
The U.S. government is cleaning house - all anti-crypto regulators are getting the boot. This is the kind of swamp-draining we can actually get behind, especially after the previous administration’s hostile view towards crypto.

✅ Circle Files for IPO
Stablecoin giant Circle is going public on the NYSE under ticker CRCL. 24 million shares, priced $24-26. And with the bipartisan GENIUS Act moving through Congress (which would fully integrate stablecoins into TradFi), the timing is perfect.

Fun fact: Circle just told Ripple and Coinbase to buzz off - they’re going solo.

Bitcoin adoption continues and it’s moving fast. From governments to Gamestop, everyone’s feeling the FOMO.

Last week we even saw Jamie Dimon finally warming up to Bitcoin (wait, did hell freeze over?).

However, Vanguard is still holding out, staying Bitcoin-skeptical while the rest of TradFi piles in.

1. BlackRock Issues Rare Warning: BlackRock has flagged quantum computing as a potential threat to Bitcoin’s long-term security. The asset manager says developers must prepare for new cryptographic challenges ahead.

2. Panama City Mayor Proposes Bitcoin Payments: Panama City’s mayor is floating a bold idea: Bitcoin payments for Panama Canal services. The proposal could make the canal a global testing ground for blockchain-based trade finance.

3. BlackRock Eyes 10% Stake in Circle Ahead of IPO: BlackRock is reportedly in talks to acquire a 10% stake in Circle, the USDC issuer, as it prepares for IPO. The potential deal underscores growing institutional interest in stablecoins.

4. US Court Blocks Trump’s Tariffs: A U.S. court has temporarily blocked Trump’s proposed tariffs on imported tech goods. Legal experts say Trump could still try to bypass the ruling through emergency orders or trade loopholes.

5. GameStop Acquires 4,710 Bitcoin in Historic First Buy: GameStop has officially added 4,710 Bitcoin to its treasury in a major crypto pivot. Shares surged in pre-market trading as investors embraced the company’s new digital asset strategy.

6. Block Enables Bitcoin Payments for Merchants: Block (formerly Square) is rolling out a new service to enable merchants globally to accept Bitcoin payments. The update targets small businesses seeking to tap into crypto-friendly customer bases.

7. Sui Governance Vote Passes to Recover $162M Cetus Funds: The Sui community has approved a governance proposal to recover $162 million in locked Cetus funds. The vote marks a major step in platform governance and asset recovery.

8. Strategy Buys 4,020 Bitcoin as Market Volatility Grows: Strategy has snapped up 4,020 Bitcoin in a fresh buy, taking advantage of market dips and volatility. The move cements Strategy’s position as one of Bitcoin’s largest institutional holders.

9. Pakistan to Allocate 2,000 MW for Bitcoin Mining and AI Data Centers: Pakistan will allocate 2,000 megawatts of power to support Bitcoin mining and AI data centers. The energy initiative aims to diversify economic growth and optimize surplus energy use.

10. Trump Media Raises $25B for Bitcoin Treasury: Trump Media has secured $25 billion to create a Bitcoin treasury, according to new reports. The move underscores its growing pivot into the digital asset space.

Big thanks for making it to the end of this week’s Hodl Report! 👊

If you enjoyed the ride, had a good laugh or learned a thing or two, feel free to share the love! Just copy/paste this link over to anyone:

HodlReport.com/Subscribe

The more, the merrier - because who doesn’t love a bigger party? 🥳

Happy Friday!

Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research)