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Robinhood Doubles Down On Crypto, Nokia Files Patent For Crypto Device & More
Also: $775M investment in Rumble by Tether.
Welcome back!
This is J264G and this week I’ve got these titbits for you:
Crypto Powerhouse: Robinhood sees crypto as a game-changer for finance.
Onchain Commodities: AgriDex settles the first-ever onchain coffee trade.
Crypto Device: Nokia files a patent for a digital asset encryption device.
Bitcoin may have gone mainstream, but crypto as a whole hasn’t — yet. That will change in 2025, so here’s to an exciting year ahead!
NEW: Over 60 public companies now hold #bitcoin as a treasury reserve asset 👀
Institutional adoption is here 🚀
— Bitcoin Magazine (@BitcoinMagazine)
10:06 PM • Dec 27, 2024
Now, let’s jump right into this week’s newsletter!
Click on any underlined heading/hyperlink to learn more.
Spotlight
Locked In
In the coming decades, AI and crypto will transform our lives in unprecedented ways.
AI will redefine the way we work and innovate, while crypto will reshape how we store, transfer, and perceive value.
2025 will be the year for bitcoin & digital assets. With David Sacks as Crypto Czar, this will be the most pro-digital asset administration ever! 🇺🇸💵I look forward to working closely with @DavidSacks to pass comprehensive digital asset legislation & my strategic bitcoin reserve.
— Senator Cynthia Lummis (@SenLummis)
7:55 PM • Dec 17, 2024
This shift is likely to accelerate under the incoming Trump administration, which seems poised to strengthen ties with technology companies and innovation catalysts. With key figures from the tech sector taking on advisory and regulatory roles, the influence of private sector innovation on public policy will become increasingly apparent. This convergence could place the U.S. at the forefront of emerging technologies — particularly crypto.
Domestically, this alignment may lead to a regulatory framework more conducive to crypto innovation, fostering growth in blockchain technologies and driving economic activity. Internationally, the U.S.’s pro-crypto stance may pressure other nations to adapt their policies and modi operandi to remain competitive, potentially accelerating the global shift toward decentralised technologies.
Interesting to see tech execs taking over the government now. In retrospect, it made no sense that over the last century a bunch of lawyers who went to Vanderbilt and Yale were running the show.
— Nikita Bier (@nikitabier)
2:17 AM • Dec 23, 2024
Why am I highlighting all this?
Because the sooner public and private sectors in regions such as Latin America, Europe, Africa, the Middle East, and Asia recognise that the U.S. will be the defining force in crypto, the sooner they can align their institutions and businesses to seize opportunities.
Crypto offers nations the chance to leapfrog into a more prosperous future — just as mobile-first approaches revolutionised industries, especially in Asia and Africa. Conversely, missing the boat, as Europe did with the platform economy, can lead to stagnation and lost economic potential.
To avoid this fate, nations must shed outdated models and embrace innovation with fresh energy. Consequently, both public and private entities need to lay the groundwork for crypto research, commercialisation, and quick wins, while also crafting long-term strategic frameworks.
Discussions about Bitcoin Strategic Reserves are a start, but they’re insufficient. What matters are actionable policies, regulation, and strategies on self-custody and stablecoins, and overhauling equity and commodity trading with crypto assets and crypto rails.
Source: The 2024 Geography of Crypto Report | Chainalysis
Looking ahead, these are my crypto dark horse nations for 2025:
Latin America: Mexico & Brazil
Europe: Netherlands & Poland
Africa: Zambia & Ghana
Middle East: Saudi Arabia & Israel
Asia: Indonesia & Vietnam
In short: From 2025 onwards, even more nations will be locked in — so make sure yours is too.
Charts Of The Week
The total stablecoin supply on @solana has surpassed $5B to round out an epic year. In 2024, Solana processed:
• $10T in stablecoin volume (93% was USDC)
• 1.75B in stablecoin transactions (85% was USDC)
• $0.00025 in fees on average per transaction— Peter Schroeder (@peterschroederr)
6:50 PM • Dec 28, 2024
News Bites
Crypto Powerhouse: Alongside Coinbase, Robinhood is emerging as the next (regulated) crypto powerhouse. Robinhood’s co-founder and CEO, Vlad Tenev, believes crypto has the potential to fundamentally transform the finance industry — hear more about his vision below.
Media Moves: Tether, issuer of the USDT stablecoin, has invested $775 million in Rumble, a video-sharing platform akin to YouTube. This underscores two major trends: Crypto’s growing role in funding new media outlets willing to neutrally showcase the benefits of blockchain technologies, and the increasing mainstream adoption of micropayments using USDT and BTC.
We have @chrispavlovski from $RUM to talk about the strategic investment from Tether #DDTG
— Dave Portnoy (@stoolpresidente)
2:42 PM • Dec 23, 2024
Onchain Commodities: Solana-based AgriDex has executed the first-ever onchain coffee trade. Tiki Tonga exported coffee to South Africa, with payment made in South African rand and settled in British pound. According to AgriDex, the transaction carried a minimal 0.5% fee compared to the usual 5–7% and was settled instantly, versus the typical 5-12-day turnaround times.
AGI Movement: The intersection of crypto and AI has generated plenty of buzz, and Solana is at the heart of it. If you want to stay updated, check out ai16z, a group advancing the open-source AGI movement on Solana.
Crypto Device: Nokia has filed a patent in China for a digital asset encryption device, signalling an entry into blockchain security. Why the Finnish company chose to file in China remains unclear, but it’s an interesting development nonetheless.
ETF Gymnastics: The spotlight has been on the potential launch of Solana Spot ETFs, but now Volatility Shares has taken things further by filing for a Solana Futures ETF incl. 2x leverage — even though Solana Futures haven’t even launched yet. 2025 is shaping up to be a wild ride.
Caught In 4K
Storytelling remains the most powerful technology.
— Bryan Johnson /dd (@bryan_johnson)
9:16 PM • Dec 26, 2024
Weekly Take
No need for banks when blockchain operates 24/7/365.
— OKX (@okx)
7:07 AM • Dec 28, 2024
Keks & Giggles
Me at absolutely any event
— Gordon (@AltcoinGordon)
4:36 PM • Dec 27, 2024
And that's a wrap!
If you'd like to reach me, respond to this newsletter or reach out to me on 𝕏.
Talk soon!
DISCLAIMER
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Lastly, please be advised that we discuss products and services from our partners from which our team members may hold tokens/equity.