I’m back! It’s Thursday, July 24th, 2025. Yesterday Kyle had the mic, and judging by the Spotify comments something happened with the music? Shout out to the folks who blew up the comment section. That said, Kyle made a comment I’ve gotta push back on: he said user experience at traditional banks sucks. I disagree. Chase? Chase is solid. Their app is slick, and their UI is top tier. I’ve used Wells Fargo, Fifth Third, Bank of America—you name it—and Chase is by far the best. We hate TradFi for other reasons, not because their websites suck. Just saying.
Anyway, let’s get into the news.
📉 Crypto Market Retreats as Liquidity Hits Record 'Froth'
⚖️ Arizona TikToker Sentenced Over $17M North Korea Remote Worker Scheme
🚀 BlackRock’s Ethereum ETF Rockets to $10B—Third-Fastest ETF Growth Ever
📆 Ethereum ETF Celebrates First Year With 11-Week “God Candle” Streak
🧨 Robinhood’s Tokenized Shares Poke the Legal Hornet’s Nest
📉 Trader Cobb & Market Training via The Grow Me Co
Robinhood’s Tokenized Shares Stir Up Global Backlash
This is wild. Robinhood’s back in the hot seat—not for listing meme coins this time, but for tokenizing private equity, including shares of OpenAI, without approval. These aren’t just public stocks—they’re synthetic tokens representing private companies. OpenAI disavowed the move, saying these tokens grant no equity rights, and now Lithuania is investigating. Legal experts warn this could violate shareholder agreements, trademarks, and securities laws across the U.S., EU, and Hong Kong.
Robinhood’s defense? “They’re just synthetic representations.” But let’s be real—if buyers expect profits from these, regulators are going to call them what they are: unregistered securities.
Here’s my take: I want exposure to private companies like SpaceX and OpenAI. Most of us are locked out unless we’re rich, connected, or early. I like that Robinhood is trying to democratize that. But yeah—shareholder agreements matter. You can’t just tokenize someone’s stock and bypass the rules. Still, I’m for figuring out how we make this kind of access legal. Because if everyone owns a slice? It’s not really private anymore.
TikTok Influencer Sentenced in North Korea Job Scam
This one’s nuts. Christina Marie Chapman, an Arizona TikToker, just got 8.5 years in prison for helping North Korean agents land remote jobs in the U.S. She hosted a laptop farm so it looked like the workers were based in Arizona, when they were really operating from Pyongyang. These jobs gave the North Korean government access to U.S. tech infrastructure, and she even shipped devices overseas, laundered millions, and helped over 300 U.S. companies get duped—including a Fortune 500, a major TV network, and a Silicon Valley tech giant.
She personally helped launder $17 million using real American identities. Just totally diabolical.
M2 Money Supply Hits Record—but Crypto Takes a Breather
The U.S. M2 money supply just hit $22.02 trillion, up 4.5% year-over-year. That’s a staggering amount of liquidity, but it’s not flowing into crypto—yet. It’s sitting on the sidelines. And as I’ve been saying, once a trigger sets it off, it’s going to flood back into risk assets like Bitcoin and Ethereum.
I linked some great breakdowns in the show notes. Bravo’s Research on YouTube is a must-watch, and even Graham Stephan is talking about M2 supply trends. Something’s building. Stay alert.
Ethereum Outpaces Bitcoin in ETF Inflows
Ethereum is dominating the ETF game right now. In the past six trading days, ETH ETFs brought in $2.4 billion—nearly three times what Bitcoin ETFs brought in ($830 million). Overall, Ethereum ETFs have now pulled in $6.4 billion since launch, accounting for 72% of total ETF inflows.
BlackRock’s iShares Ethereum Trust just hit $10 billion in assets—the third fastest-growing ETF in history, right behind their own Bitcoin ETF. Institutional money is flowing into ETH at a ridiculous pace. Watch this space.
Crypto Market Rundown
As of 8:53 a.m. EST, here’s where things stand:
Bitcoin: $116,294 (▼1.8% 24h, ▼2.8% 7d)
Ethereum: $3,720 (▲2.4% 24h)
XRP: $3.12 (▼1%)
Binance (BNB): $774 (▲0.8%)
Solana: $181 (▼2.4%)
Dogecoin: $0.231 (▼2.2%)
Tron: $0.314 (▲1.9%)
Cardano: $0.808 (↔)
The Fear & Greed Index sits at 66—we’re still greedy, but that sentiment is sliding toward neutral. Markets are mixed: some green, some red, but no major moves across the top assets. Worth noting that Ethena is up 20% today and 40% on the week—probably the biggest mover right now.
Total Crypto Market Cap: $3.83T (▼0.75%)
Bitcoin Market Cap: $2.31T
Ethereum Market Cap: $448.3B
Let’s see what happens when U.S. markets open. For now, it’s a quiet one—but don’t let that fool you. The liquidity is out there, waiting.
Until then, happy HODLing, everyone.
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