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Howdy, Hodlers!

You’re tuned in to the Hodl Report, where our insights come in quicker than Trump coin tanking after Melania dropping her own token. 📉

It’s been a wild ride this week, so we’re breaking it all down:

1. How Trump coin is shaking up crypto🪙

2. Why the bulls are raging 🐂

3. Why we’re still early (and loving it) 🚀

4. Must-know headlines from the week 📰

5. A dash of humor to keep it spicy 🤣

Ah, the Trump memecoin launch.

Crypto’s weirdest plot twist yet.

If you missed the memo (or were too busy preparing your “Why Trump is Good for Crypto” PowerPoint for the family dinner debate), here’s the TLDR.

Trump is full sending crypto vibes, launching not one but two memecoins right before his inauguration.

Because if there’s one thing the crypto world needed, it was more drama and more memecoins. 🙄

First off, let’s get everyone on the same page by reading this comedic take of how the events unfolded.

💡Pro Tip: Read it in a Trump voice.

The Big Question: Why Should You Care?

The two Trump memecoins are just his latest addition to a growing list of digital ventures, right alongside his NFT trading cards and the mysterious World Liberty Financial. Trump’s full list of crypto-related projects are summarized here.

The biggest PRO for crypto? Setting a precedent. 

Launching not one, but two memecoins in the brief 48hr window in between two SEC chairmen (and just days before a potential presidency) is a masterclass in pushing the boundaries, and if it’s allowed for the Commander-in-Chief, the rest of us plebs might finally catch a break. So, all you crypto projects waiting for more regulatory clarity, go ahead and launch!

What’s even wilder?

Trump managed to rack up $50 billion in paper wealth with one tweet in just 24 hours. It’s a flex that shows the insane power of crypto… but also why it can be straight-up terrifying.

The biggest CON for crypto? The optics.

From leveraging his pre-presidency to pad his wallet, to creating a potential playground for influence-buying via memecoin purchases, the bribery concerns are off the charts. I mean, who wouldn’t want to pump the Commander-in-Chief’s personal coin in exchange for some juicy political favors? On the bright side, we can all grab a bag of TRUMP coin to get exposure to the political scheming.

🚀 Bullish Signals Everywhere

This Week Screamed Crypto Adoption

From bullish quotes to major moves on the policy front, let’s break down why the vibes are straight-up immaculate right now.

1. The Government Gets in the Ring 🏛️

Trump’s First Week Back in Office: The man wasted no time. After getting inaugurated, he pardoned Ross Ulbricht, a promise he made to the Bitcoin community during his campaign. This move alone sent bullish ripples across the space, signaling that his administration might actually deliver on his crypto campaign promises. Speaking of which, here’s a handy list of Trump’s eight crypto campaign promises.

Strengthening American Leadership in Crypto: Trump also issued a (measured) executive order to explore a Digital Asset Stockpile for the U.S. government. While not the Strategic Bitcoin Reserve we all hoped for, the order gives 180 days to propose a plan to manage these seized digital assets and how to stockpile it strategically.

No concrete details yet, but you just know in 170 days, the anticipation alone will get the markets pumping.

Pro tip: Set a reminder for 160 days. 🗓️

Oh, and fun fact: the Department of Government Efficiency launched with a DOGE coin logo on their official government website. It’s since been removed, but the internet will never forget.

2. Regulation Loosens Its Grip 🚦

The winds of change are blowing at the SEC. They’ve put together a brand-new crypto task force led by none other than Hester Peirce, aka “Crypto Mom.” Her mission? Lay down some common sense rules for the crypto industry. No promises yet, but hey, it’s better than the usual regulatory vibes of confusion and doom.

In an even bigger win, the SEC has officially rescinded SAB 121 - a rule that kept banks from custodying crypto. Translation? Banks are now incentivized by potential profits to offer crypto services.

And for a cherry on top, Crypto & AI Tzar David Sachs has been out there breaking it all down: Trump’s vision for crypto, campaign promises, and what it means for the industry. Definitely worth a listen. 

3. TradFi Titans Embrace Crypto  💸

Some of Wall Street’s biggest names are now leaning into crypto harder than a drunk guy at karaoke.

• BlackRock CEO Larry Fink: Called Bitcoin an “internationally based instrument” and dropped a casual $700k price prediction during discussions with sovereign wealth funds. Big believer energy.

• Ray Dalio: Bridgewater’s crypto-curious founder went on CNBC and revealed that he owns Bitcoin, calling it a great way to hedge against risk.

• Goldman Sachs CEO David Solomon: Doesn’t see Bitcoin as a threat to the U.S. dollar, calling it “an interesting speculative tool.” Not exactly a love letter, but hey, we’ll take it.

• Bank of America’s Brian Moynihan: Says banks are ready to go all in on crypto… once regulations are in place. Step 1 - rescind SAB 121 - check ✅

• ETF Mania: New filings for DOGE, Bonk, and TRUMP memecoin ETFs hit the news. TradFi’s doors are opening, and everyone’s rushing in. The full list of Crypto ETF applications can be found here.

When the TradFi elite are lining up for their moon tickets, you know the game is changing

4. Treasuries Are Going Crypto 💰

The Bitcoin FOMO is heating up, and it’s only a matter of time before the big dogs race to stack sats. Once a few more heavy hitters announce treasury allocations, the floodgates will burst open, and it’ll be a mad dash to grab Bitcoin before prices go full-on frothy.

This week, we heard from some usual suspects and a few new faces:

• MicroStrategy: Not only did shareholders vote to increase shares to - you guessed it - buy more Bitcoin, but Michael Saylor also confirmed another very respectable $1.1 billion Bitcoin purchase. The man’s more bullish than actual bulls! 🐂

• Rumble: The $3.6 billion dollar video platform finally joined the party, officially adding Bitcoin to its treasury. Another domino down, and it’s starting to look like a chain reaction.

• Franklin Templeton: This trillion-dollar TradFi heavyweight expects multiple nations to create Strategic Bitcoin Reserves soon. When the TradFi titans start predicting sovereign Bitcoin stockpiles, you know things are about to get spicy. 🌶️

• State Treasuries: More states are proposing crypto treasury allocations. This week’s lineup? Kansas and Utah, with Utah becoming the 11th state to toss their hat in the ring.

5. Final Thoughts 💭

The momentum is undeniable. Whether it’s companies, states, or nations, everyone’s starting to realize that the Bitcoin train waits for no one. 🚂

With all the buzz, amplified by the inauguration of the first pro-crypto president and his team, Bitcoin and crypto are dominating mainstream conversations. Retail interest is sparking back to life, and let’s be honest: we all know what’s coming next. 🚀

This week has been wild, packed with headlines that scream pump-and-hype energy. Need to relax after all that? Treat yourself to the soothing ASMR sounds of Trump signing executive orders for an hour straight. 🖊️ Pure bliss.

🚀 Don’t Worry, You’re Still Early

With all the bullish vibes flying around, it might feel like the Bitcoin train has already left the station - and you’re sprinting after it in flip-flops.

But let us remind you: you’re still early.

Like, first-season-of-Game-of-Thrones early.

Here’s the deal:

• Market Psychology 101: If you’re feeling FOMO, congrats - you’re right on schedule. We’re somewhere between “Hope” and “Optimism” on the classic market psychology chart, which means the euphoria stage (aka Lamboland) is still a ways off. Buckle up.

• Tiny Fish, Big Ocean: Bitcoin’s entire market cap is still just $2 trillion. For context, gold is $16 trillion, and the global stock market is pushing $115 trillion. Bitcoin’s basically in its scrappy garage band phase. Imagine getting in on Apple stock when it was just Steve and Wozniak soldering boards in a basement. That’s where we’re at.

• Scottie Pippen Knows What's Up: The basketball legend himself once said, “Championships are won during practice.” Translation? The early grind is where the magic happens. The game hasn’t even tipped off yet - plenty of time to get on the court.

So, no need to panic or fumble your Ledger password in a rush to buy.

Keep stacking sats, stay calm, and remember: you’re still in the first few innings of the biggest financial revolution of our time. 🏀

1. Ross Ulbricht Is Free at Last: After more than a decade behind bars, Ross Ulbricht has been pardoned by President Trump. His release is being celebrated by the crypto community as a major victory for decentralization advocates.

2. BlackRock CEO Predicts Bitcoin Will Hit $700,000: Larry Fink calls Bitcoin a hedge against currency debasement and sees it as a global financial instrument. His bullish sentiment is backed by growing interest from sovereign wealth funds.

3. SEC Charges Nova Labs with Fraud: The SEC has accused Nova Labs of defrauding investors by misrepresenting the profitability and sustainability of its crypto mining network. Allegations include misleading marketing claims and questionable tokenomics.

4. Texas Court Overturns Tornado Cash Sanctions: In a major win for crypto privacy, a Texas court reversed sanctions on Tornado Cash. The ruling emphasizes the importance of distinguishing code from criminal intent in legal cases.

5. Muted Bitcoin Reaction to Trump’s Executive Order: Bitcoin barely budged after Trump’s executive order on crypto lacked clear direction for a Strategic Bitcoin Reserve. Markets are waiting for more detailed plans, which are expected in the next 180 days.

6. Vitalik Buterin Addresses ETH Foundation Controversy: Vitalik Buterin responded to criticism after the Ethereum Foundation sold another 100 ETH. He defended the decision, emphasizing the foundation’s responsibility to fund ongoing development and research.

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

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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).