What’s up everybody, it’s Thomas Bahamas and you are here for another episode of Solana Weekly where I will be breaking down what has been going down on Solana in the last week and try to figure out the long term implications. We're seeing a massive shift in the US on the regulation side and everyone is moving to pro crypto it seems. We've got Trump accepting crypto donations, creating a pro crypto army, a bill passing through allows regulatory clarity, Biden no longer going to veto it, ETH ETF, and Biden is trying to appeal to the crypto crowd as well. Wild times ahead, strap in cause we're getting pumped up.
Prices:
Sol Price: 168.93
Sol Eth: .045
Sol BTC: .00245
Regulations: eth etf
Anti cbdc bill passed- nice try fed.
Other bill that allows banks to custody crypto passed.
And another that allows banks to hold crypto on their balance sheets
Trump crypto army beating Elizabeth Warren anti crypto army.
Seems like stablecoins should be much bigger and will be fully allowed and regulated. This is huge and will help out the tradfi system, but it’s time for us as a community to step away from the fiat mindset and maximize our crypto holdings. We probably have a good year of risk on and we should maximize it.
I’m also super interested in Flat coins, the ISC coin on Solana seems like a pretty well thought out coin and I haven’t pulled the trigger on a big bag, but interested.
Sol gets liberated from ftx estate owning any of it. LFG, some company called figure bought a bag and the Pantera goats bought up the rest around $100/ coin. These are locked coins so everything is lined up.
FTX out of coins, the Thomas is out of the Bahamas. I dropped the Bahamas out of my twitter name and am simply Thomas, as Justin Timberlake once said, “it’s cleaner.”
RIP to Harambe and now to Kobasu the Doge dog. We got an Elon tweet, I mean what else do we need for the market to freaking rage?
I’m long, I’ll be patient.
Sphere- introduces a sick off ramp where you have a sort of wallet for your bank account.
Wallets: Squads has released an early beta of Fuse their smart wallet and I’m pumped. They sent me an email, but didn’t give me access just yet, but this is a big step forward for wallet security and bringing big players to the table.
NFT’s still dead, everyone still looking for the next 100x memecoin and longing Eth and Pepe.
Solana Weekly #70 - US Gov Pumps Our Bags