Trends with Benefits ep. 13: Nation States Rugging Plebes, Coinbase Earnings, and The Cabal

Show Me What We’re Talking About: 

• Bitcoin network activity hits 12-month lows as transactions drop 55% from peak

• Argentina Launches Libra, Becomes DAO, then Rug Pulls. Fallout ongoing.

• Coinbase Earnings Report: reported net income of $1.3 billion, or $4.68 per share, revenue of $2.3 billion. Meanwhile, Binance sold $8b of its corporate-held crypto since the beginning of 2025

• The Cabal is back? Farokh calls out insider trading. Portnoy paid back in Libra fallout.

• TRUMP spiked above the $24 mark on Friday afternoon, hitting the highest price seen yet in February.

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