Trimming Big Winners, Major Policy Victory, and a Potential Catalyst on Deck

Discussed in today’s video:

• Strategy Updates: Took profits on SBET (4x gain) and BONK (~75% short-term rally). Removed Jito due to overhang from unlocks. Maintained HNT ahead of its August 1st halving as usage grows. AERO looks undervalued and offers an attractive opportunity.
• Views on Majors: Continue to favor ETH and SOL over BTC. This is supported by favorable macro backdrop and capital rotation.
• Policy Developments: GENIUS Act and Clarity Act passed the House, with GENIUS signed into law. This marks the first major U.S. crypto legislation and represents a significant long-term tailwind for the industry.
• Market Signals: Leverage returned as funding rates ticked higher but normalized by the end of the day. Spot inflows remain solid. Approximately $9.6 billion in BTC from a long-dormant whale appears to have been absorbed.
• Upcoming Catalyst: Tuesday’s President’s Working Group report may propose a Bitcoin strategic reserve.

Tickers in this video: BTC -1.34%