Good morning, everybody. It’s Friday, May 30, 2025, and I’m back after a day off. Big episode today. We’re digging into my crypto origin story, looking at some big industry developments—including Litecoin’s zero-knowledge rollup and a $100 million liquidation—and Craig Cobb is back with a powerful lesson on managing profits and mindset. And of course, we’ll wrap with the crypto prices.
🌀 Bitcoinos Sparks Litecoin Renaissance With First-Ever ZK-Rollup
🇵🇰 Pakistan to Launch Bitcoin Reserve, Appoints Crypto Minister
🌐 Crypto Industry Grapples With Post-Ethereum Era of L2 Fragmentation
💥 Hyperliquid Trader Liquidated in $100M Bitcoin Bet Blowup
📉 Key Metric Highlights Risk in Following Michael Saylor’s Bitcoin Strategy
🚀 Crypto Projects Raise $7B in First Five Months of 2025
🔻 U.S. Spot Bitcoin ETFs See $358M in Outflows, Ending 10-Day Inflow Streak
📉 Trader Cobb & Market Training via The Grow Me Co
My Origin Story: Why Crypto Matters to Me
"Everything’s digital. Why couldn’t you just send me the money?"
Back when I was living in China, I ran into a serious issue: I needed $50,000 fast—and I couldn’t get it. Family tried wiring funds, but between international banking rules, weekend closures, and being a foreigner, I had to travel across the country just to access the money. It was a bureaucratic mess. This experience opened my eyes to how broken the financial system is for regular people.
A few years later, I was walking through Shanghai listening to a Stuff You Should Know podcast about Bitcoin. It clicked. Bitcoin wasn’t about speculation—it was about financial freedom. No banks. No delays. No gatekeeping. That moment connected all the dots for me: cross-border payments, labor restrictions, and free markets. Why do companies get to move freely across borders but workers can’t? Why is remittance hard for working-class people, but easy for billion-dollar corporations?
Crypto offered a vision of decentralization, fairness, and autonomy—especially for people like me who had seen the limits of the old system firsthand. In 2016, I saw a bartender trading Bitcoin on his phone and realized it was time to dive in. That’s when I started learning—and teaching—through Crypto 101. That’s my story. It wasn’t about the money. It was about the system, and how crypto could help us build something better.
Litecoin’s Zero-Knowledge Renaissance
Litecoin is getting a massive upgrade: its first zero-knowledge rollup, powered by BitcoinOS’s BitSNARK verifier. This new Layer 2 protocol, called LitVM, makes Litecoin Ethereum-compatible and introduces native stablecoin transfers, smart contracts, and cross-chain functionality. Essentially, it’s combining the best of Bitcoin’s security, Litecoin’s speed, and Ethereum’s programmability. Litecoin creator Charlie Lee called this a breakthrough in reliability and capability. If successful, this could mark a renaissance for Litecoin’s relevance in the evolving blockchain ecosystem.
Pakistan Goes Full Bitcoin
"We will be holding these Bitcoins and we will never, ever sell them."
At the Bitcoin Conference in Las Vegas, Pakistan announced it’s building a national Bitcoin reserve modeled after the U.S. They’re not only accumulating Bitcoin with long-term intent, but they’re also allocating 2,000 megawatts of energy to power Bitcoin mining and AI research. It’s a bold move designed to attract investment, create jobs, and modernize their financial infrastructure. While the U.S. and other countries hesitate, Pakistan is going full steam ahead on Bitcoin adoption.
Thailand Cracks Down on Crypto Platforms
"According to the Royal Decree on Technology, Crime Prevention, and Control..."
Thailand’s SEC will begin blocking unlicensed digital asset exchanges like Bybit, OKX, and XT.com starting June 28. This is in response to violations of the Royal Decree on Digital Assets. It’s part of a broader push to regulate crypto under national security frameworks, but it also shows the tightrope governments are walking between innovation and control.
James Wynn’s $100M Liquidation
"Could I get some of that cash?"
Crypto trader James Wynn made headlines for all the wrong reasons after getting liquidated on a $1 billion leveraged Bitcoin position—losing over $100 million on Hyperliquid. He built his reputation by calling the Pepe meme coin run in 2023, but this time, his 40x leverage bet didn’t pan out. While the market barely moved, his position collapsed. I get the mindset—pushing yourself in extreme conditions can be part of mastery. But there’s a difference between high performance and reckless gambling. And this looked like a massive, unnecessary risk.
Michael Saylor’s Followers—And the Copycat Risk
"Valuation stretched further from reality."
Michael Saylor’s Bitcoin strategy, once seen as visionary, is now being echoed by companies like GameStop, MetaPlanet, and even Trump Media. These companies are buying Bitcoin at all-time highs—above $100,000 per coin—prompting concerns that hype is replacing solid financial strategy. MetaPlanet’s market cap is now over $5.6 billion despite holding only $830 million in Bitcoin. Critics warn this kind of speculative wave could end badly if prices don’t keep climbing.
Crypto Startups vs. ETF Outflows
"Don’t worry. This isn’t over. Just relax."
So far in 2025, crypto startups have raised $7.7 billion—almost doubling last year’s pace. We could hit $18 billion in VC funding by year’s end. But that’s not the whole picture. Bitcoin spot ETFs just saw $358.6 million in outflows, ending a 10-day inflow streak and marking the biggest pullback since March. Like I’ve been saying, expect more of this post-conference cooldown. I still think we’ll dip into the $90Ks. If we don’t, great. But I’m planning for it.
Craig Cobb’s Trading Lesson: Profit Management
"You’ve got to manage your mindset. You’ve got to manage your psychology and be prepared."
Craig Cobb sent us a lesson on how to manage profits and protect your mental game while trading. He walked through a trade example using a $400 risk and explained how to scale out, lock in profits at 1:1, and set your stop-loss to maintain zero downside. Whether you’re using margin or just buying spot, the key is preparation. Have a system. Take partial profits. Don’t let greed undo your work. Trading without a plan is like driving an F1 car with no training. Don’t expect to win if you don’t put in the time.
Listener Questions
"Somebody asked about my origin story."
Big thanks to the listener who asked how I got into crypto—it was the perfect nudge to tell that story. If you’ve got questions about anything—trading, tech, strategy, history—drop them. I’m always down to dive in.
Crypto Prices
As of 9:20 a.m. EST:
Bitcoin: $105,542 (down 2.6%)
Ethereum: $2,604 (down 3.1%)
XRP: $2.19 (down 4.9%)
Binance Coin: $671 (down 2%)
Solana: $162 (down 6%)
Dogecoin: $0.203 (down 9%)
Tron: $0.272 (down 2%)
Cardano: $0.705 (down 6%)
Total Market Cap: $3.33 trillion (Bitcoin: $2 trillion, Ethereum: $314.5 billion)
This isn’t over—just a pullback. Stay focused.
Happy HODLing, Everyone.
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