Weekly Roundup 01/17/25 (Lummis FDIC letter, the Tether tower, American made coins) (EP.590)

Bullish:

• $CUSTODYBANKS - Potential repeal of SAB 121 could allow custody banks to offer crypto services, benefiting institutions like Bank of New York Mellon and creating opportunities in the custody banking sector.

  • “People are very, very underprepared for what's about to happen, when Saab 121 goes away.”

    Matt·2:04
• $STABLES - Stablecoins are gaining recognition as an innovative payment type, potentially offering new opportunities in the cryptocurrency space.

  • “Once seen as a hedge against crypto volatility, stable coins are establishing themselves as a new innovative payment type.”

    Matt·15:58
• $BTC - Potential bullish sentiment for Bitcoin based on alleged comments from Trump about a high price target, suggesting possible political support for cryptocurrency.

  • “Forget about the macro. Forget about the 10 year. Trump told Axios that he wanted Bitcoin to trade at 1.50 k. He said that, allegedly, according to Axios.”

    Nic·1:37
• $XRP - XRP shows surprising popularity among non-crypto-savvy investors, potentially indicating broader market interest.

  • “Everyone I know that's not in crypto that owns crypto owns XRP.”

    Nic·21:53
• $RIPPLE - Ripple is making strategic moves in the financial services sector, acquiring stakes in key infrastructure companies like exchanges and custodians, potentially positioning itself for growth in traditional finance.

  • “Ripple the company is making some super interesting moves in the financial services space, you know, buying up majority and minority stakes in critical infrastructure companies like exchanges and custodians.”

    Matt·22:33