Poo Poo Coins Get Called Out đź’€
Bitcoin chops sideways, but adoption keeps building. Morgan Stanley launches a low-fee ETF, Square enables BTC payments, and CT delivers chaos as usual.
Howdy Hodlers,
This week was… dare we say it… actually fun.
No major nukes.
No headline chaos.
No market heart attacks.
Just a rare moment of relative calm, where the market got to breathe and start figuring out:
👉 where it wants to go long term
👉 and how it wants to position right now
And in that calm?
Interesting developments started showing.
Some quietly bullish for adoption. And some fun.
Let’s get into it 👇
Another week of tight range chop with Bitcoin going sideways like it’s stuck in traffic.
Macro?
Quiet for once.
Which means the market actually had space to breathe… and a few things slipped under the radar that deserve attention.
Some serious. Some hilarious.
All very crypto.
Starting with the serious first…
Morgan Stanley just announced they’re launching their own Bitcoin ETF. Not groundbreaking on its own (we’ve got plenty already).
But here’s the kicker… 0.14% fees!
That’s cheap. Cheapest in the game.
Translation:
Expect capital to rotate out of higher-fee ETFs and into this one when it drops.
Cheaper access = more adoption. Simple math.
Next up, and arguably bigger long-term…
Square is rolling out Bitcoin payments.
But here’s the twist… Merchants don’t even need to opt in.
Customers can pay in Bitcoin… Merchants still receive fiat.
On the flip side, crypto Twitter really delivered this week.
First up, Kevin O’Leary came in hot with his usual no-filter takes - this time targeting what he lovingly calls “poo poo coins.”
His take?
Then we had Peter Schiff (resident gold maximalist and Bitcoin troll) - accidentally stepping into a moment of honesty during a Bitcoin debate.
Yes… that Peter Schiff.
Let’s just say… it seemed like he finally got dunked on.
And if you’re sitting there thinking:
“None of my trading frameworks work anymore…”
Congratulations. You’re not crazy.
Because traditional analysis has officially left the building.
We’ve entered a new era. A new EBITDA…
Welcome to the future.
Hodl Headlines
The Week’s Most Interesting News
Morgan Stanley Seen as Competitor to Bitcoin Narrative: Analysts warn that large financial institutions like Morgan Stanley could introduce competing financial products that dilute Bitcoin’s appeal as a primary store of value. The shift reflects growing competition between traditional finance and crypto-native monetary narratives.
Canada Moves to Ban Crypto Donations in Elections: Canada is preparing legislation to prohibit crypto donations in political campaigns, citing transparency and compliance concerns. The move follows similar actions in the UK and signals tightening oversight of crypto in political financing.
Square Enables Bitcoin Payments: Square has rolled out Bitcoin payment functionality for merchants, marking another step toward real-world BTC usage. However, analysts remain divided on whether this represents meaningful adoption or limited experimental uptake.
Coinbase and Fannie Mae Bring Crypto-Backed Mortgages: Coinbase and Fannie Mae are collaborating to allow borrowers to use crypto holdings as collateral for mortgages without liquidating assets. The initiative could expand homeownership access while integrating digital assets into traditional lending markets.
CFTC Sues Illinois Over Crackdown on Prediction Markets: The U.S. Commodity Futures Trading Commission has filed a lawsuit against Illinois, challenging the state’s efforts to restrict prediction markets. The case underscores growing federal-state tension over jurisdiction in emerging crypto-adjacent markets.
Coinbase Wins Initial OCC Nod for Trust Charter: Coinbase has received preliminary approval from the Office of the Comptroller of the Currency for a U.S. trust bank charter, advancing its push into regulated custody services. The development positions Coinbase to compete more directly with traditional financial institutions in asset safekeeping.
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:
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)