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Coin is dead. Digital asset space is dead. Crypto is dead. And what's actually happening Crazy week to be involved in crypto as convicted FTX founder Sam Bankman-Fried officially asks Trump for a presidential pardon. It's obviously, you know, ultimately up to the president, not up to me. I didn't steal any of your funds, either. Michael Saylor strategy buys 1,550 Bitcoin. Our company will probably buy all of the Bitcoin that's produced by the miners between here and the year 2140, then there's no more Bitcoin.
Specific crypto altcoins popping off in anticipation of the SpaceX IPO this week. One point our top subnetwork on BitTensor shoots was serving the most number of open-source tokens across any other provider. And with the Bitcoin price bouncing perfectly off the 200-week moving average, for now, listen to the Abra CEO on Fox Business attempt to explain the significance of the 200-week moving average, how this tends to mark a round bottom, yet they cut him off. Just This is crazy. Watch this. The bottom line is what's interesting of two things, right? One, Bitcoin volatility is actually compressing, right? And so what we're seeing is, you know, we used to see these 80% drawdowns during these 40-year cycles from peak to trough, and that is
actually compressing now. We went from 125K, you know, to about 60-ish K, and I do think we bottomed. And if you look at the 200-week moving average for Bitcoin, if you can show it, that's historically a bottom in this cycle, and we've been bouncing off of it and around it. And I think the next 90 days we'll we'll we'll see a bottom form. The second part is the tokenization of everything. Thank you, Bill. And that is basically leading. Yeah, sure. And I really liked something he said, that it's not the exact day Bitcoin touches or breaches the 200-week moving average that's the bottom, it's the beginning of the bottoming process
because notice that the smaller moving averages need time now to come down and consolidate. When we touch the 200-week moving average in the last bear market, we needed then 6 months for the smaller time moving average to come down and consolidate. This forms a bottom. We can look back in the 2018 bull bear market as well. When we touched the 200-week moving average the first time that market, I mean the bear market had started months and months prior, but this was the beginning of the bottoming process, and then we needed months for the two for the smaller time moving averages to come down consolidate. They don't consolidate.
They don't have to cross, but this is the beginning of the bottoming process. The only thing that would invalidate that, the only thing that could change is actually if we switch on to the day chart, if we somehow the Bitcoin price gets above the 200-day moving average, which is in the yellow, which is right now is around $77,000. If we just keep climbing and climbing, and we somehow not just touch it, but confirm above it and keep going the 200-day moving average, that that's the bull market, right? You'll miss the exact bottom, but that's the bull market historically. So, those in the most basic sense, the two things I'm looking at to be a smart Bitcoin investor. And in anticipation of the
SpaceX IPO, pay attention to the crypto coins with a little heat on them. I did give you my full thoughts on what will happen this week day of the SpaceX IPO in my video from a few days ago. Check it out. And I'm not saying that SpaceX has any direct involvement in these coins. I'm just saying as a risk appetite starts to pick back up, as people some people get wealthy from the SpaceX IPO. Pay attention to the crypto coins that are seeing growth, seeing product market fit very quickly. This is one out of three. Hyperliquid discussed that exact same episode on Fox Business.
The Commodity Futures Trading Commission recently approved the first regulated perpetual futures contracts. So, this follows the rapid rise of offshore exchange Hyperliquid. Their round-the-clock high-leverage markets did show strong demand for trading across crypto, commodities, even stock-linked assets. Bill, I want to get your thoughts in particular on the crypto side, but you know, we've heard Donald Trump Jr. He's talked about this many times. And his brother Eric said, "Well, you know, the world operates 24/7. And the way that these markets are structured and the hours that they're trading, whether it's crypto or whether it's the futures markets, etc., needs to change. You know, this is a new age and a new decade. What do you say?
Well, look, I mean, you know, traditional markets are closed over 125 hours a week. And crypto digital asset markets are open 24/7. And you know, again, it's all about innovation. And what this tiny team at Hyperliquid built, you know, we hope to be able to make our clients at Abra, you know, we make hope to make this tool available to them because they want it. They want the ability to trade 24/7. So, this will not be easy. Hyperliquid is not the end-all-be-all. It will face more competition now that the CFTC has said this is allowed in the United States. But until then, this is still the blue chip of 24/7 trading, and the proof is in the pudding. RWA open interest hits 3 billion. So, Hyperliquid
has set a new open interest record every month since its launch in October of 2025. And the number one exchange in the US, Coinbase, has officially deployed or is now the official deployer of hyperliquid's USDC treasury wallet. So, there's more integrations, more use, more flowing of power to the blue chip of decentralized trading. And next is Bittensor Tao, the next crypto to go mainstream. This is just all part of the artificial intelligence excitement with OpenAI, with SpaceX, all their IPOs happening this year. And with Bittensor, listen to the co-founder explain the value proposition. Why we need decentralized AI in the world where the centralized entities continue to control everything.
Everyone can own Bittensor. build on Bittensor. Everyone can see how Bittensor works. It's transparent. And those primitives are just not built into the centralized technologies that our competitors are using. That's it. There's some disadvantages. It slows things down for us, but we know where we're going and we think that those primitives are really not So, the growth will be a bit slower, but anybody in the world is able to own a piece of the decentralized AI network as opposed to SpaceX and OpenAI. The big money got in first. You'll be able to buy it from them this week and this year. Bittensor early AI startups are plugging into the network and betting on Bittensor now. You can invest in these early AI startups now.
One point our top subnet on Bittensor shoots was serving the most number of open source tokens across any other provider. You know, people didn't know about Tao, but they were using those tokens. Tao are gone on Bittensor, one of the top subnets providing compute. Almost all of the computers are now available on that subnet because they're being used by people, not just Tao miners. So, that we've really built products that seep into the real world and are used by people without even needing to know about Tao. And this is good for Ethereum. Coinbase-backed crypto group, over 200 companies, urged the Senate to pass the Clarity Act. Again, over 200 prominent companies are urging the Senate to act
now or act in the next few months. This is as staking for Ethereum hits a new all-time high. 32.3% of the total ETH supply is now staked. Yet, looking at the amount of the Ethereum supply in profit, it's currently sitting at one of its lowest levels ever. So, the ETH supply sitting at 3x plus profit has fallen to 11%, the lowest level since February of 2017. Meaning most Ethereum holders are sitting at a loss right now if they were to sell. A level not seen since here. Interesting. And will the now-disgraced FTX founder, Sam Bankman-Fried, receive a pardon from Trump? Well, he's officially, formally applied.
Three years since the former crypto billionaire was arrested for fraud and money laundering. Currently serving a 25-year sentence, Sam Bankman-Fried said that he would welcome some help from the White House. It'd be obviously, you know, ultimately up to the president, not up to me. Now, have you had any conversations with the White House or anyone connected to the president at all? I haven't myself. But have, say, your parents or anyone that you've been in contact with at all? I can't speak for them.
I assume that you would want a pardon from the White House. Absolutely. Now, despite the vagueness in that answer, we did find a pardon application. Right now, the application is for a pardon after he serves his prison sentence. Bankman-Fried is still appealing his conviction, with that decision currently pending in the second circuit. He still maintains that he did not commit fraud. I didn't steal user funds, either. Uh and there you know, customers have been repaid now 170% or so on their deposits. It's one of the very few cases where the platform was over collateralized where customers were more than made whole.
I think this would be a horrible move from Trump if he pardoned Sam Bankman-Fried. His exchange commingled funds. I don't know why Sam Bankman-Fried is saying that people got over 100% of their money back. Is this true? Altcoin Daily Army, can you did everybody get over 100% of their money back? That's wild. As these stories develop, I'll keep you updated. Click subscribe for one video per day keeping you informed on crypto.
