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Greetings, Crypto Bargain Hunters!

You’re reading the Hodl Report, where we’ve bought so many dips that our loyalty card says the next one’s free! 📉🛒

This week we’re getting into:

• World’s on fire: How does the chaos mess with your crypto bags? 🌍

• Crypto law passed: It’s official, Congress did something. Now what? 🏛️

• News that matters: Important headlines from the week 📰

• Crypto funnies: Memes to keep the hopium flowing 😂

Strap in, markets are wild, but at least our humor is stable.

Another week, another chaos-fueled dip.

And another slow but steady recovery.

This week’s panic came courtesy of the Israel-Iran conflict, where real shots have been fired for nearly a week now.

The two big “oh no” scenarios markets are bracing for? 😬

The U.S. officially stepping into the fight or Iran shutting down the Strait of Hormuz (aka, the artery for 20% of global oil and LNG).

Either of those could nuke markets, figuratively… hopefully. 💣

On the flip side, a surprise peace deal or even a cease-fire would have prices ripping upward in a heartbeat. 🤝

But through all this uncertainty? People have been buying Bitcoin.

We’re not crying, you’re crying.

Bitcoin ETF inflows over the last 10 days have been strong, showing some big players are still quietly stacking.

Also this week:
1. The Fed held rates steady (as expected), yet Trump was still somehow surprised…

2. Powell said the FED stance is “we’ll wait and see.”

3. Bessent came out saying digital assets are “one of the most important phenomena right now.”

So while the macro is messy and uncertain, crypto’s still moving forward.

Let’s all rejoice in the recent U.S. pro-crypto momentum like the Bitcoin Strategic Reserve, deregulation, a new crypto-friendly SEC, pro-crypto task forces and round tables, and no more debanking.

And this week a major milestone just got crossed.

Hopium levels…restored.

Let’s review. 👇

GENIUS Act Passes

TradFi and Stablecoins Tie the Knot

Coinbase stock soared this week and for good reason… the GENIUS Act stablecoin bill officially passed in the Senate with overwhelming bipartisan support.

It now heads to the House, and unless something wild happens, it’s getting signed into law.

Yes, even Trump likes this one.

This bill is massive for crypto. It’s also a massively long bill, so here’s a nice summary:

TLDR: It brings stablecoins under the U.S. TradFi umbrella, requiring full backing by U.S. Treasuries, annual audits, registration, AML compliance… basically, stablecoins are getting a TradFi makeover.

Translation?

Stablecoins are now a legit, trusted asset class.

Analysts like Bitwise’s Matt Hougan think the market could balloon from $236B to $2.5 trillion. That's trillions in tokenized dollars, and those dollars need homes.

Now that those dollars are parked in the digital crypto space, where do you think they’re headed?

Yup, straight into Bitcoin and the rest of the crypto playground!

Plus:

1. More stablecoins = more treasury buyers = USD reserve dominance preserved

2. More stablecoins = more transactions on L1s = Ethereum, Solana, and friends moon

3. More stablecoins = easier fiat on-ramps = more people aping into crypto

This bill is the bridge between crypto and TradFi, and it’s about to unleash a flood of liquidity.

1. Canada Launches First Spot XRP ETF Ahead of U.S.: Canada has officially launched the world’s first spot XRP ETF, beating the U.S. to market. The move comes as Ripple’s SEC case enters a legal pause, reigniting investor interest.

2. Ohio House Passes Bill to Make Crypto Payments Tax-Free: The Ohio House has passed a bill that would eliminate taxes on crypto payments, aiming to attract blockchain innovation. If signed into law, the state would become one of the most crypto-friendly in the U.S.

3. Pro-Israel Hacker Group Destroys $90M From Iranian Bitcoin Exchange: A pro-Israel hacker group has reportedly drained and burned $90 million in Bitcoin from an Iranian exchange. The act was described as retaliation and has raised geopolitical tensions in crypto.

4. Spain’s BBVA Urges Clients to Buy Bitcoin: Major Spanish bank BBVA is now actively encouraging clients to buy Bitcoin, citing inflation and digital asset momentum. It marks one of the strongest pro-BTC stances by a European bank.

5. Pump.fun Eyes Acquisition Deals After $1B Raise: Solana memecoin platform Pump.fun is reportedly pursuing acquisitions following its $1 billion token sale. The team is targeting other onchain creators and tools to expand its ecosystem.

6. France Considers Bitcoin Mining to Use Excess Nuclear Energy: A new French parliamentary proposal suggests using Bitcoin mining to manage surplus nuclear energy. Lawmakers argue the strategy could boost grid efficiency while embracing digital innovation.

7. Trump Media’s Bitcoin ETF Moves Forward With SEC Validation: Trump Media’s Bitcoin ETF has cleared an initial validation step with the SEC, marking progress toward formal listing. The development pushes the company deeper into the crypto space.

8. Michael Saylor to Advise Pakistan on Crypto Pivot: MicroStrategy’s Michael Saylor will advise Pakistan on its national crypto strategy, focusing on Bitcoin adoption and energy integration. The partnership follows Pakistan’s growing shift toward digital assets.

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)