It is time for the monthly check-in on whether the leading crypto is still leading, with a lot of data to review today.
Many interesting developments are happening in DeFi behind the scenes, as well as news to cover. We will examine all the metrics and compare them to see if there is a new Solana killer out there.
There has been a lot of change happening over the past two or three months with ETH and ETH ETF money flows. We will see if they have continued - I am also including the Solana treasuries in this video as well.
This is called Insane Summer, and the last time that I did a Solana update, there was no Solana ETF.
That is how fast things are moving.
There are a couple of things that are happening behind the scenes that are very important to address.
This is an important letter from Matt Hogan, and he talks about the fact that he wrote a so-called CIO member who is a chief investment officer of Bitwise. They are crypto native, born out of the gate. Matt was caught off guard by Paul Atkins' Project Crypto.
We have many price prediction models out there that were not quite aware of how bullish Paul Atkins from the SEC was on the crypto space, who followed behind the SEC antagonist, the SEC Gensler doofus. This is not priced into assets like Ethereum, Solana, Uniswap, and other assets.
Matt was shocked and is going back to the drawing board. He is extremely grateful for the new crypto-friendly SEC that we have in the U.S. While the SEC is U.S.-specific, it impacts everybody because sometimes other nations follow the U.S.
People say if you want to make money in crypto as a founder, go build on a chain that generates a lot of money.
If you want to build a crypto project, you build
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