April 15, 2025 • 7 mins
Today's episode highlights a market recovery with Bitcoin nearing $85K and some altcoins experiencing significant gains, while meme coins like Fartcoin surprisingly approach a $1 billion market cap.
The report also announces the release of "Vitalik: An Ethereum Story," a documentary humanizing Ethereum's co-founder. Further, Kraken is expanding its services to include commission-free trading of U.S. equities and ETFs, signaling a move to bridge traditional and digital finance. Finally, the report briefly notes a $7 million hack on the DEX KiloEx and MicroStrategy's continued Bitcoin accumulation.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_01 (00:00):
$85,000 Bitcoin, almost.
A crypto founder gets theHollywood treatment.
Yep.
And fart coin.
Well, still making headlines,you bet.
SPEAKER_00 (00:10):
Uh-huh.
Yeah.
Some things never change, itseems.
SPEAKER_01 (00:13):
Welcome to today's deep dive.
We're cutting through the noisefor you.
Today, we're digging into thisrenewed market optimism or maybe
selective optimism.
SPEAKER_00 (00:22):
Right.
And that surprising new filmabout Vitalik Buterin.
SPEAKER_01 (00:25):
Plus, Kraken making a Pretty bold move into
traditional stocks and the usualroundup of hacks and big buys.
SPEAKER_00 (00:32):
All coming straight from today's Token Metrics Daily
Report.
SPEAKER_01 (00:34):
Let's jump right in.
That Bitcoin push touching 85Ks,it's definitely got people
talking.
SPEAKER_00 (00:39):
Yeah.
Feels like some of that positiveenergy from equities yesterday
might be spilling over.
SPEAKER_01 (00:45):
But it's interesting how it's not really lifting all
boats equally, is it?
SPEAKER_00 (00:48):
Not at all.
It really is a kind of tale oftwo markets.
Bitcoin's buoyant.
SPEAKER_01 (00:52):
But then you look at Ethereum still hovering around,
what, 1600?
SPEAKER_00 (00:55):
Exactly.
And Solana's clinging to$130,even with that recent almost 11%
jump.
SPEAKER_01 (01:02):
And Bitcoin dominance at 64%.
I mean, that pretty much says itall about where the capital is
flowing right now, or maybewhere people feel safest.
SPEAKER_00 (01:09):
The dominance figure is, yeah, it's crucial.
Often points to investors maybeconsolidating into Bitcoin when
things feel uncertain elsewhere.
SPEAKER_01 (01:17):
Makes sense.
Now, XRP, though, up nearly 14%.
That's a standout.
What's the story there?
SPEAKER_00 (01:24):
Well, technically speaking, there's a bullish
cross pattern on the charts.
Traders often watch for those.
SPEAKER_01 (01:29):
Ah, OK.
And we're seeing the volume pickup, too, as it broke past$2.07.
You have
SPEAKER_00 (01:34):
significant volume.
So short term, summer targeting,maybe$2.40.
And
SPEAKER_01 (01:39):
then you've got the long term hopium crowd still
dreaming of$10 XRP.
SPEAKER_00 (01:43):
Uh-huh.
Always.
Those technical signals candefinitely build momentum.
But, you know, fundamentalsmatter, too.
SPEAKER_01 (01:49):
True.
On the flip side, Dogecoindipped about 3%.
How does that fit with the sortof risk on mood?
SPEAKER_00 (01:56):
Well, that seems tied to those ongoing whispers
about a potential U.S.
recession.
SPEAKER_01 (02:00):
Ah, right.
Doge being more speculative, itgets hit harder by those macro
fears.
SPEAKER_00 (02:04):
Exactly.
It reminds us the crypto marketdoesn't exist in a vacuum, does
it?
SPEAKER_01 (02:07):
Definitely not.
And speaking of internal marketdynamics, the Solana meme coin
scene.
Wow.
SPEAKER_00 (02:16):
Vibrant is one way to put it.
SPEAKER_01 (02:18):
It's absolute chaos.
But serious money is moving.
We're talking coins with nameslike, well, Dick Butt, JobCoin,
Soli.
I know,
SPEAKER_00 (02:27):
the name.
SPEAKER_01 (02:28):
And they're doing millions in daily volume each.
It's just pure speculativefrenzy.
SPEAKER_00 (02:33):
It really shows how fast capital can swarm around,
well, anything in this space.
And then there's FartCoin,nearly a billion dollar market
cap.
Seriously.
SPEAKER_01 (02:41):
It boggles the mind, honestly.
Just keeps going.
And it's not just the new ones,dark, cheese, jockey.
They're seeing big accumulation,too, up 30% plus.
SPEAKER_00 (02:50):
Feels like another wave of meme mania.
SPEAKER_01 (02:52):
And interestingly, those Telegram trading bots on
Solana, their usage just hit atwo-week high.
SPEAKER_00 (02:57):
Mm-hmm.
So that suggests maybe moreon-chain activity, people
thinking this momentum,especially on SOL, might
actually last.
SPEAKER_01 (03:04):
Right.
So the big question, like theToken Metrics Report asks, is
this a real trench rally, a signof recovery, or just, you know,
another speculative bubblewaiting to pop?
SPEAKER_00 (03:13):
Definitely one to watch.
Okay, let's switch gearscompletely.
A movie about fetalic butyrindid not see that coming.
SPEAKER_01 (03:19):
Right, so unexpected.
He always seemed like such aprivate background kind of guy.
Vitalik, an Ethereum story,global release too.
Yeah,
SPEAKER_00 (03:28):
and the filmmakers, Chris Temple and Zach Ingrassi,
They weren't even cryptonatives, apparently.
SPEAKER_01 (03:35):
That's what's interesting.
They met Vitalik in 2021 anddecided they wanted to tell his
story, kind of challengeperceptions.
SPEAKER_00 (03:41):
And it sounds like it's not about charts or price
action.
SPEAKER_01 (03:44):
No, more about his journey from Russia, his
childhood, building Ethereum outof those Toronto Bitcoin
meetups, the human story.
They even mentioned his like 40liter backpack and minimalist
style.
SPEAKER_00 (03:56):
Trying to make him relatable, it sounds like.
Painting him is driven by ideas,not wealth.
SPEAKER_01 (04:00):
Yeah.
And focusing on the human side,his discomfort with power his
sort of philosophicalleadership, even using crypto to
help Ukraine.
SPEAKER_00 (04:07):
It seems they're consciously saying, look, this
isn't just Vitalik Ethereum.
It's one person's story in abigger picture.
SPEAKER_01 (04:13):
But a powerful one.
Apparently, they avoidcontroversies like the DAO hack
to keep that focus sharp.
SPEAKER_00 (04:20):
Right.
Shaping a specific narrativeabout his ideals in evolution.
SPEAKER_01 (04:25):
The directors called it a rare on-chain artifact
built to humanize rather thantokenize.
Kind of cool framing.
SPEAKER_00 (04:31):
Definitely.
So for people wanting tounderstand the person.
It's on Amazon, Apple TV, mightbe worth a watch.
SPEAKER_01 (04:38):
Yeah.
Offers a different perspective.
Okay.
From the individual to theinstitutional.
Kraken getting into the U.S.
stock market.
That's a pretty big move.
SPEAKER_00 (04:46):
Huge.
They're clearly not content justbeing a crypto exchange anymore.
Offering commission-free U.S.
stocks and ETFs.
That's bridging the gap.
SPEAKER_01 (04:55):
Big time.
Rolling out in 10 states first.
Letting users manage stocks andcrypto in one app.
that's smart, user-friendly.
SPEAKER_00 (05:02):
And partnering with Alpaca gives them access to,
what, over 11,000 stocks, plusfractional shares on many.
SPEAKER_01 (05:08):
It feels like they're taking aim squarely at
Robinhood, doesn't it?
Especially with that potentialIPO looming in early 2026.
SPEAKER_00 (05:15):
Oh, absolutely.
This broadens their appeal,potentially boosts their
valuation significantly ahead ofan IPO.
SPEAKER_01 (05:20):
And the strategy seems clear.
Arjun Sethi, the co-CEO,basically said crypto is
becoming the backbone fortrading everything.
They're setting up for tokenizedassets.
SPEAKER_00 (05:29):
Exactly.
They see where Things areheading.
Expanding into equities is justthe natural step for them now.
SPEAKER_01 (05:34):
And they're looking beyond the U.S.
too, right?
U.K., Europe, Australia, theysee potential for digital
brokerages everywhere.
SPEAKER_00 (05:41):
Yeah.
And that pending NinjaTraderacquisition for$1.5 billion.
Yeah.
That just underlines theambition to be the...
everything exchange.
SPEAKER_01 (05:49):
Are you definitely playing the long game?
Okay, let's hit those quickheadlines from what the coin is
going on.
SPEAKER_00 (05:54):
Right, quick takes.
First up, a tough break forKiloX that DTEX lost$7 million
in an oracle manipulationattack.
SPEAKER_01 (06:02):
Ouch.
A reminder that DeFi security isstill a major, major challenge.
SPEAKER_00 (06:06):
Indeed.
And shocker, MicroStrategybought more Bitcoin, another
$3,459 BTC.
Haha, yeah,
SPEAKER_01 (06:13):
about$285.8 million worth.
Sailor's not blinking.
SPEAKER_00 (06:17):
Never does.
And finally, JP Morgan isapparently working on GBP
payments using blockchain.
SPEAKER_01 (06:22):
Interesting.
More evidence that traditionalfinance keeps exploring the
tech, even if cautiously.
SPEAKER_00 (06:27):
For sure.
It shows the potential beyondjust crypto assets themselves.
So wrapping up, we've seeneverything from fart coin
madness to major institutionalplays like Kraken's and even
this humanizing film aboutVitalik.
SPEAKER_01 (06:43):
It really is a strange mix, isn't it?
You've got this Wild Westspeculation happening right
alongside serious infrastructurebuilding and bridges to
traditional finance.
SPEAKER_00 (06:52):
Yeah.
So the question is, maybe.
As these lines blur betweenTradFi and crypto, we get these
more human stories.
Are we seeing a real fundamentalshift in how people see digital
assets?
SPEAKER_01 (07:03):
Or maybe what is this duality?
The crazy memes next to theserious development actually
tell us about where crypto isright now and where it might be
heading.
SPEAKER_00 (07:12):
Lots to chew on there.
The space just keeps evolving.
SPEAKER_01 (07:14):
That's your deep dive for today.
We'll be back with moretomorrow.
$85,000 Bitcoin, almost.
A crypto founder gets theHollywood treatment.
Yep.
And fart coin.
Well, still making headlines,you bet.
SPEAKER_00 (00:10):
Uh-huh.
Yeah.
Some things never change, itseems.
SPEAKER_01 (00:13):
Welcome to today's deep dive.
We're cutting through the noisefor you.
Today, we're digging into thisrenewed market optimism or maybe
selective optimism.
SPEAKER_00 (00:22):
Right.
And that surprising new filmabout Vitalik Buterin.
SPEAKER_01 (00:25):
Plus, Kraken making a Pretty bold move into
traditional stocks and the usualroundup of hacks and big buys.
SPEAKER_00 (00:32):
All coming straight from today's Token Metrics Daily
Report.
SPEAKER_01 (00:34):
Let's jump right in.
That Bitcoin push touching 85Ks,it's definitely got people
talking.
SPEAKER_00 (00:39):
Yeah.
Feels like some of that positiveenergy from equities yesterday
might be spilling over.
SPEAKER_01 (00:45):
But it's interesting how it's not really lifting all
boats equally, is it?
SPEAKER_00 (00:48):
Not at all.
It really is a kind of tale oftwo markets.
Bitcoin's buoyant.
SPEAKER_01 (00:52):
But then you look at Ethereum still hovering around,
what, 1600?
SPEAKER_00 (00:55):
Exactly.
And Solana's clinging to$130,even with that recent almost 11%
jump.
SPEAKER_01 (01:02):
And Bitcoin dominance at 64%.
I mean, that pretty much says itall about where the capital is
flowing right now, or maybewhere people feel safest.
SPEAKER_00 (01:09):
The dominance figure is, yeah, it's crucial.
Often points to investors maybeconsolidating into Bitcoin when
things feel uncertain elsewhere.
SPEAKER_01 (01:17):
Makes sense.
Now, XRP, though, up nearly 14%.
That's a standout.
What's the story there?
SPEAKER_00 (01:24):
Well, technically speaking, there's a bullish
cross pattern on the charts.
Traders often watch for those.
SPEAKER_01 (01:29):
Ah, OK.
And we're seeing the volume pickup, too, as it broke past$2.07.
You have
SPEAKER_00 (01:34):
significant volume.
So short term, summer targeting,maybe$2.40.
And
SPEAKER_01 (01:39):
then you've got the long term hopium crowd still
dreaming of$10 XRP.
SPEAKER_00 (01:43):
Uh-huh.
Always.
Those technical signals candefinitely build momentum.
But, you know, fundamentalsmatter, too.
SPEAKER_01 (01:49):
True.
On the flip side, Dogecoindipped about 3%.
How does that fit with the sortof risk on mood?
SPEAKER_00 (01:56):
Well, that seems tied to those ongoing whispers
about a potential U.S.
recession.
SPEAKER_01 (02:00):
Ah, right.
Doge being more speculative, itgets hit harder by those macro
fears.
SPEAKER_00 (02:04):
Exactly.
It reminds us the crypto marketdoesn't exist in a vacuum, does
it?
SPEAKER_01 (02:07):
Definitely not.
And speaking of internal marketdynamics, the Solana meme coin
scene.
Wow.
SPEAKER_00 (02:16):
Vibrant is one way to put it.
SPEAKER_01 (02:18):
It's absolute chaos.
But serious money is moving.
We're talking coins with nameslike, well, Dick Butt, JobCoin,
Soli.
I know,
SPEAKER_00 (02:27):
the name.
SPEAKER_01 (02:28):
And they're doing millions in daily volume each.
It's just pure speculativefrenzy.
SPEAKER_00 (02:33):
It really shows how fast capital can swarm around,
well, anything in this space.
And then there's FartCoin,nearly a billion dollar market
cap.
Seriously.
SPEAKER_01 (02:41):
It boggles the mind, honestly.
Just keeps going.
And it's not just the new ones,dark, cheese, jockey.
They're seeing big accumulation,too, up 30% plus.
SPEAKER_00 (02:50):
Feels like another wave of meme mania.
SPEAKER_01 (02:52):
And interestingly, those Telegram trading bots on
Solana, their usage just hit atwo-week high.
SPEAKER_00 (02:57):
Mm-hmm.
So that suggests maybe moreon-chain activity, people
thinking this momentum,especially on SOL, might
actually last.
SPEAKER_01 (03:04):
Right.
So the big question, like theToken Metrics Report asks, is
this a real trench rally, a signof recovery, or just, you know,
another speculative bubblewaiting to pop?
SPEAKER_00 (03:13):
Definitely one to watch.
Okay, let's switch gearscompletely.
A movie about fetalic butyrindid not see that coming.
SPEAKER_01 (03:19):
Right, so unexpected.
He always seemed like such aprivate background kind of guy.
Vitalik, an Ethereum story,global release too.
Yeah,
SPEAKER_00 (03:28):
and the filmmakers, Chris Temple and Zach Ingrassi,
They weren't even cryptonatives, apparently.
SPEAKER_01 (03:35):
That's what's interesting.
They met Vitalik in 2021 anddecided they wanted to tell his
story, kind of challengeperceptions.
SPEAKER_00 (03:41):
And it sounds like it's not about charts or price
action.
SPEAKER_01 (03:44):
No, more about his journey from Russia, his
childhood, building Ethereum outof those Toronto Bitcoin
meetups, the human story.
They even mentioned his like 40liter backpack and minimalist
style.
SPEAKER_00 (03:56):
Trying to make him relatable, it sounds like.
Painting him is driven by ideas,not wealth.
SPEAKER_01 (04:00):
Yeah.
And focusing on the human side,his discomfort with power his
sort of philosophicalleadership, even using crypto to
help Ukraine.
SPEAKER_00 (04:07):
It seems they're consciously saying, look, this
isn't just Vitalik Ethereum.
It's one person's story in abigger picture.
SPEAKER_01 (04:13):
But a powerful one.
Apparently, they avoidcontroversies like the DAO hack
to keep that focus sharp.
SPEAKER_00 (04:20):
Right.
Shaping a specific narrativeabout his ideals in evolution.
SPEAKER_01 (04:25):
The directors called it a rare on-chain artifact
built to humanize rather thantokenize.
Kind of cool framing.
SPEAKER_00 (04:31):
Definitely.
So for people wanting tounderstand the person.
It's on Amazon, Apple TV, mightbe worth a watch.
SPEAKER_01 (04:38):
Yeah.
Offers a different perspective.
Okay.
From the individual to theinstitutional.
Kraken getting into the U.S.
stock market.
That's a pretty big move.
SPEAKER_00 (04:46):
Huge.
They're clearly not content justbeing a crypto exchange anymore.
Offering commission-free U.S.
stocks and ETFs.
That's bridging the gap.
SPEAKER_01 (04:55):
Big time.
Rolling out in 10 states first.
Letting users manage stocks andcrypto in one app.
that's smart, user-friendly.
SPEAKER_00 (05:02):
And partnering with Alpaca gives them access to,
what, over 11,000 stocks, plusfractional shares on many.
SPEAKER_01 (05:08):
It feels like they're taking aim squarely at
Robinhood, doesn't it?
Especially with that potentialIPO looming in early 2026.
SPEAKER_00 (05:15):
Oh, absolutely.
This broadens their appeal,potentially boosts their
valuation significantly ahead ofan IPO.
SPEAKER_01 (05:20):
And the strategy seems clear.
Arjun Sethi, the co-CEO,basically said crypto is
becoming the backbone fortrading everything.
They're setting up for tokenizedassets.
SPEAKER_00 (05:29):
Exactly.
They see where Things areheading.
Expanding into equities is justthe natural step for them now.
SPEAKER_01 (05:34):
And they're looking beyond the U.S.
too, right?
U.K., Europe, Australia, theysee potential for digital
brokerages everywhere.
SPEAKER_00 (05:41):
Yeah.
And that pending NinjaTraderacquisition for$1.5 billion.
Yeah.
That just underlines theambition to be the...
everything exchange.
SPEAKER_01 (05:49):
Are you definitely playing the long game?
Okay, let's hit those quickheadlines from what the coin is
going on.
SPEAKER_00 (05:54):
Right, quick takes.
First up, a tough break forKiloX that DTEX lost$7 million
in an oracle manipulationattack.
SPEAKER_01 (06:02):
Ouch.
A reminder that DeFi security isstill a major, major challenge.
SPEAKER_00 (06:06):
Indeed.
And shocker, MicroStrategybought more Bitcoin, another
$3,459 BTC.
Haha, yeah,
SPEAKER_01 (06:13):
about$285.8 million worth.
Sailor's not blinking.
SPEAKER_00 (06:17):
Never does.
And finally, JP Morgan isapparently working on GBP
payments using blockchain.
SPEAKER_01 (06:22):
Interesting.
More evidence that traditionalfinance keeps exploring the
tech, even if cautiously.
SPEAKER_00 (06:27):
For sure.
It shows the potential beyondjust crypto assets themselves.
So wrapping up, we've seeneverything from fart coin
madness to major institutionalplays like Kraken's and even
this humanizing film aboutVitalik.
SPEAKER_01 (06:43):
It really is a strange mix, isn't it?
You've got this Wild Westspeculation happening right
alongside serious infrastructurebuilding and bridges to
traditional finance.
SPEAKER_00 (06:52):
Yeah.
So the question is, maybe.
As these lines blur betweenTradFi and crypto, we get these
more human stories.
Are we seeing a real fundamentalshift in how people see digital
assets?
SPEAKER_01 (07:03):
Or maybe what is this duality?
The crazy memes next to theserious development actually
tell us about where crypto isright now and where it might be
heading.
SPEAKER_00 (07:12):
Lots to chew on there.
The space just keeps evolving.
SPEAKER_01 (07:14):
That's your deep dive for today.
We'll be back with moretomorrow.
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