Jupiter’s Dominance, SAB 121 Repealed, and XMoney | Analyst Round Table
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It solidifies that ecosystem as the center of risk taking and experimentation. You already kinda saw that with DeFi and meme coin trading generally. But to see such a big public figure kind of bless the chain and, you know, effectively put that wallet in, you know, so many 1,000 more people's hands, like, I think it's I think it says a lot. Today's
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guys. Welcome back to another episode of OX Research. Today, I'm joined by Carlos, Ryan Cashflows Connor, and Daniel Shapiro, from the research team. Great to have you guys on. I want to start off the conversation before we get into anything else. We've had crypto's had a bit of a crazy last week weekend. Some crypto related, some not crypto related or tangentially related maybe. Over the weekend, we saw some crazy things around, AI models, the deep seek the deep seek model and team, coming out of China, and the subsequent reaction, to crypto prices and and stock prices on Monday. So, I'm curi
I I can start this. You know, I I don't like to be I I don't wanna say, like I hate to use the word stupid, but it is the stupidest market sell off that I've ever seen in my career. Usually, like, as much as markets are inefficient, like, at the end of the day, nothing is perfectly priced in, they're way more efficient than this. Right? Like, they're performing very poorly in the face of new information. A few things about what sparked the sell off, it was it was deep seek. It gave AI ROI bears something to cheer about, which is strange, and we'll get into that in a bit. And it made people que
I guess, unfortunately, for our our industry, Bitcoin and other assets kind of took the brunt of the sort of bear pricing over the weekend or volatility, prior to or going into that the market open on Monday. So, it was unfortunate for everyone on the weekend freaking out about, well, what the heck is DeepSeq? Have you tried it? I haven't used it. I don't even understand what's going on. A lot of reactions like that that were going on, I think, that that reflects the sentiment that that Ryan says around, it being a bit stupid. It's probably a fair take. That said, there were other things that
I think, like, first order is, like, stable coins. That was very clear to me. Like, when you go through the purposes of the executive order, you see, like, promoting and protecting the sovereignty of the United States dollar. They also have a very anti CBDC stance, and so I just think one of the second order effects is going to be accelerating stablecoin adoption, and I think one of the winners here is clearly Circle. Like, over the past month, like, USDC supply is up about 20% to 52,000,000,000. These are levels not seen since, August 2022. Like, you see USDC supply in Solana is up more than
Those are those are excellent points. I think one of the one of the things from it that that, caught my eye was the, potential for a national, digital asset stockpile. And so, you know, already, right, I think the order by effectively giving the green light, to TradFi to come into crypto, right, like, I think the next logical step is, right, like, them coming to, like, buy our assets. Right? Like, whether that'
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