ROLLUP: Bitcoin on the US Balance Sheet? | Trump's US Crypto Stockpile | Banks Can Now Custody Crypto | Venice AI's Massive Airdrop | Bankless | Podwise
This co-hosted podcast, "The Weekly Roll-Up," reviews the week's most significant events in the crypto and AI sectors. The hosts discuss the Nvidia stock drop due to the release of a competitive open-source AI model, highlighting the implications for AI costs and the market's overreaction. They then analyze the recent crypto market trends, noting the divergence between the performance of major cryptocurrencies like Bitcoin and the underperformance of smaller altcoins. Finally, they delve into the political landscape, examining Trump's crypto executive order, the potential for a national crypto stockpile, and the SEC's repeal of SAB 121, which allows banks to custody crypto. The discussion concludes with an assessment of the Trump-branded meme coin launch and its impact on crypto adoption. A key takeaway is the hosts' skepticism regarding the long-term success of the Trump meme coin due to its centralized nature and the potential for a large sell-off by the Trump team.
