Bitcoin Reclaims $70K as Hyperliquid Nears $35, USDC Flips USDT in Volume, Florida Moves on Stablecoin Rules, and Oil & Prediction Markets Heat Up

Hey, everybody! Great episode of the show today. We break down all of the news from the crypto

market as we had a green day with Bitcoin back over 70K and hyper-liquid's hype token approaching

35. But this comes as equity's market rebounded as well with Trump hitting at de-escalation

on social media. We had some press conferences as well from Trump which talked about the other side

and heating things up in Iran. So a bit chaotic in the market. We'd look at oil as a way to express

the chaos whether it's going to trade above 100 or under 85. We look at some prediction market

prices on oil. We also have some alpha on the prediction market side in the terms of

Grammys. Easy gives a pretty nice little Arleigh pick that should pay out pretty nicely if it falls

that way. I also talk about some micro-strategy markets that have been doing well. We hit another

big winner from the show yesterday. We also talk about circles USDC flipping tethers USDT. This is

a big surprise this morning. February total volume circle absolutely on fire. Their equity up

over 30% on the month trading at 114. We talk about whether or not we should be longing

circle here with an all-time high of over 300. And finally we talked about Florida establishing a

stablecoin regulatory framework. The first state that does so as regulations continue to grow for

the crypto market. Great episode of the show. Lots of alpha information. Hopefully you enjoy it. Have a

wonderful Tuesday. Good morning ladies and gentlemen and welcome to another episode of the Daily

Bone Podcast. We discuss all things crypto markets. That includes the majors like Bitcoin,

Ethereum, Salana, meme coins, and of course NFTs. Today we're going to discuss crypto pumping on the

back of potential de-escalation in Iran. We're going to talk about USDC flipping USDT and what that

means for a circle. And we're going to give some prediction market alpha like always. Thank you

again for joining us here. If you're listening over on YouTube drop some comments. Let us know

what you want to talk about today. If you're listening over on Zora Drop comments, we read those

as well. We'll be kicking off Twitter spaces shortly. If you're listening on YouTube if you're

a normal Twitter space listener. We'll be kicking that off shortly here. Just some minor technical

difficulties this morning. I'm joined today by easy, easy high feeling today. I'm good, Ray.

Life's good. Things are good. Doing any more yard work out there on the farm.

This whole weekend is fucking terrible. It's actually terrible. It is beautiful here. It was like

70 degrees. I like walked outside like man winner winner must be over. It was absolutely beautiful.

Not too hot. Not too cold. Love this kind of weather. Don't really enjoy freezing cold winter.

Don't really enjoy burning hot summer. But this spring weather, I could take this 365 days a year.

Yeah, it's like 80, 90. Not bad. Yeah, Florida is a little too hot for me unless it's like

dead winner. I don't know what people say that you get used to it very quickly, dude.

Yeah, yeah, I could see that. I feel like you guys aren't like cold blooded down there.

And then it drops below 40 and everyone's like, oh, yeah, yeah, that's a fact. And you got to

be able to be like, dude, I keep getting bit by fire ants and I fucking bug by swallow. It's

attached. That's terrible. You'd buy my fingers and then I'm like miserable for like two days.

So you have a lot of fire. Is that like a normal Florida thing? Or is that just like kind of where

you're at? This fight of Florida, yeah, because the ground is sand. Not there. So like underneath

the top level of like ground is sand and people, there's massive mounds and I pour and kill

her all over them and piss them off. I was weed whacking this weekend and I hit one of the

piles of them. And they had to have been like 4,000 fire. That's crazy.

I know answer on here. I just put the it's like this powder like bait powder I put down.

But if you have them like all over the place, I don't even know what what the heck is best to do.

Yeah, it was, there's like a liquid thing that I just pour all over there and it hills and all

of a sudden the hills just vanish after a few days. Bruce is gone. He left this weekend.

You guys have a nice time. It was fun. Went to Universal, went to Nintendo World. Nintendo World's sick.

That's awesome. It's a huge Nintendo fan. So it's like pretty fun. That's really cool.

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That being said, we want to kick off this show easy. I sent the weather port over. It looks like

you are already chewed up. I'm going to play some music and we'll dive into this.

Well, let's get up to it, Raymond. Today is Tuesday, March 10th. This year's flying by.

The majors are up on the day with Bitcoin back over 70k. I can't hear any music if you are

playing something. I know. I accidentally put it on it. In theory, I'm at 2050,

salon 86 and hyper liquid just under 35 over the past 24 hours. crypto and equities rebounded

as Donald Trump hit it at deescalation in Iran during a press conference yesterday afternoon.

Oil prices have fallen back under $90 after a day of massive volatility.

Next up, circles USDC flip tethers USDT in stablecoin volume. Stablecoin sent a new record with

1.8 millie, Benilli, Billy, Billy, Billy, Billy, Billy, Billy, Billy, Billy,

Vanilli in volume in circle USDC accounting for 70%. Circle stock is up 30% of the month is currently

trading at $114. Finally, the best state in the country. Number one out of all 50, 51 if you

include Puerto Rico, Florida has a bill to establish a stablecoin regulatory framework that passed

unanimously. The proposal aims to align state oversight with federal rules established under the

GDSEC. What a beautiful place. Wow. Back to the studio. Excellent weather report. As always,

easy. Florida jumping on unanimous food on this, which is pretty cool. It's going to have stablecoin

issuers obtaining licenses directly from the state's office of financial regulation. It'll be the

first US state with its own stablecoin regulatory framework. It was voted on unanimously, which is

pretty awesome. Good stuff from Florida. Trying to be the business capital of the US, right? Also,

also the stablecoin capital, apparently. Not a bad place to be working in crypto.

The best place. Love Florida. How much attention have you been paying to the Trump speech

yesterday and markets? Did you follow up? I was blown through the whole thing.

Okay, so also could you clue me in on what happened? I was watching Twitter and it just felt like

we were going like snip, snap, snap. He's like, so you had the Republican, what's it called?

The Republican Roundtable, which was like him trying to get buy in and make them feel confident

about certain things. He went on like some crazy tangent, so like I had some words and I was pretty

pissed. He said, like he's not a filibuster at the very end. I was like, no shoddy talks about

God, they have filibuster in front of us. Yeah, every topic you can imagine, basically thinking

of the state of the union, but just to Republicans. That's kind of what we got. Then he had this

announcement and the announcement was come all about the Iran and Israel situation. He went back

and forth a lot during it. He was like, yeah, we're pretty much done. He's like, but we will attack

them way harder if we have to. We're not going to have to because they have no drones or air force

or Navy, but if they do something to piss us off, we're going to hit them for sure. And it was just

like, dude, what are we doing here? And if you go and look at the price of oil, oil had like a crazy

rally again yesterday after it sold off so hard. We pull up the CEO shirt here.

Like, yeah, this thing dipped as low as 80 and then like, this is not a bad chart.

Yeah, so this was during the speech. So this candle here was the hour like into the speech

and then afterwards. I think that candle was actually right before the speech when he said

that the war was going to end sooner than later. So speech started at five thirty. So yeah,

right before three, three to four. Okay, so that would have been here. That was after the speech.

Is that right there?

Why does yours say that? Mine says four hours. What do you want? See all futures?

Yeah, I'm on see all futures. 1,500. This would be like 4 p.m. Yeah.

Sorry, they're trying to get different. They like they like savings right now.

It's throwing me off for the the ETC conversion. Look at this. It's going to EST and

saving us make this easier. Because it's 1,500. Isn't that three?

Three. There's just three. This candle's a three. Yes, a 3.34.

Yeah. So it happened right before this first talk started at 4.30. 4.15.

So they sold off right before he did the Republican Roundtable and then at 5.30,

which was right here. That's when he started to happen about the other D. That was his press conference.

Gotcha. Roundtable, when he was basically saying this is going to end and then

leave a report on the Roundtable. Look at Walter Bloomberg. He posted the first tweet about

Calshire affiliate Walter Bloomberg. It's so funny the news accounts like

affiliating with one or the other and how they present the news.

So 20 hours ago would be, it should be here somewhere.

They're like saying they're going to take you know, also go back and forth on the new leaders,

like we're going to target them. We're not going to target them. We're not going to tell you

we're targeting or not. He's all over the place with this. Here he goes. I think the

Iran war is very complete. Pretty much is what he said. And this is what sparked that sell off.

Pretty much. Yeah. So he's very far ahead of his initial four to five week estimate time frame

on Iran. And then like also talking about ending the Ukraine conflict like in the next

like breath essentially. So oil, oil lot like dipped on this news. And then like as you like go

through the news and he's talking, he also says it can be a short term excursion in Iran.

But then like later in the day, it's like, hey, we need to destroy them. We need to

like completely just like destroy Iran. Like it becomes like pretty wild. How he like walks back

like the peace talks. It was so back and forth. It was so absurd. Yeah. I think we're going to see

a lot of this. I think it's going to blow out like leverage traders on both sides because if you're

trying to trade. I would be pretty leverage right now, dude. Yeah. Like you're trading like whatever

Trump feels like talking about like on a whim at this point. Like is he moving markets with these

tweets? Yeah. Well, like his like speech because like as soon as he says something, it gets tweeted

out and then the markets like react pretty heavily. So I expect like more volatility on oil.

I'd love to be able to trade like. I feel like like an LP on oil feels like it'd be fun

during this because I think this is going to go in a pretty crazy range for a while. And there's

going to be a lot of volume on oil. So I need to find a way to like express that. I don't know.

There's any like native tokens and you can create oil on hyper liquid. Yeah. I mean, right.

I guess it is like a native asset over there. So is it just HIP three? Does that is unit providing that

as a asset though on hyper EVM? I don't think so. Yeah. I don't see like the CL token on

on project X. Well, it's like, do they have the stock token on there?

Like what like what would your what stock token would I be looking at here? The video.

trade you're saying trade NVIDIA on like provide LP for NVIDIA because is it actually a stock

reference on the HLP three? No, I think they're they're just order books for the HIP three stuff.

Like I would look on Solana. Like you could do it in LP. Like you do like a

yeah. So Solana's token. Like NVIDIA X. But is that like the is that what you want to trade?

Like I feel like oil like specifically oil. I'm just talking in general though. Yeah.

Like if you wanted to LPs, equities yet. Yeah, you could do that. But

personally, I just think oils can be so volatile. Like and there's gonna be a ton of volume. So

like that's my thesis on like wanting to LP oil. So I'm gonna have to look into that and see

what I can do because I would love to like establish like some sort of range and like ee

like 100 to like 75 level here and just eat up any volatility either way.

And just earn yield on it while we're while we're there. So yeah, anything else come out of those

speeches. I know you said you were on some mentioned markets. Was there anything interesting

on the mentioned side? You said he said filibuster. Yeah, dude, he was filibuster at the end. Like

yeah, it was it was terrible. I don't know. I think the bigger thing though is on the prediction

market side of stuff. The midterm elections with this war basically all shifted blue.

Okay. Um, so what markets are you specifically looking at like Republican seats?

I guess this one that's interesting. Yeah, House and Senate.

This would be Senate Republican seats and then you have totals here. It looks like you're going to be

um, so what are you looking at? 29

Uh, 450. So it's like somewhere between the 49 and 50 mark is where we're going to be sitting on Senate seats.

Yeah, which not too bad. Uh

How many house seats? It's looking like below 190 for the house. Gotcha. You get the total number of house seats.

Figure this out. Um, let's see. So we have 98 seats right now in the Senate. Um,

active. Um,

435 districts, US, 33 seats in the Senate are up for election. So 33 seats are up for grabs in

the Senate. And the current majority is 53, 45 in terms of Republican. So I'll be

interested to see what happens here. Which one's flip? Um, so what's your bet here? Like what

what specific market are you looking at? Are you taking less than 49 here?

I think you want to take the know on like 50. The know on 51. Yeah, see that.

Like I like both of those. And then obviously we have the Oscars. The Oscars coming up on

way more interested. All right. Anything new here? Are we still looking at um,

that could be Jordan's officially flipped hard. He's up to 59%. Let's go. We were we first

acknowledge this at like 30. Love it. So that looks really good. I do like Marty's supreme now

to not win any Oscars zero. Because the only one they probably would have won is for best actor.

Oscar counts 52% chance. There has to be something else that they can do. No,

no. And like so then why not so you could take the know here, right?

57. And then the yes on uh, um, Jimmy Chalamet at 33 and you're just free money. Yeah.

You like that little hedge there. I do like the hedge because if you look,

what would it what else would it win for? Like best original screenplay is going to be centers.

Cost and design Frankenstein. Um, yeah, I don't even know. Marty's supreme for best casting.

Centres is going to win. It's swept everything for that. You have, I'm just looking for its knobs.

Yeah, basically that's, that's where I'm at. I'm like, I would take the zero.

That's crazy as that sounds. I don't think they win anything.

Interesting. So maybe a little, a little, a little hedge there. I like, I like going Chalamet.

I don't know enough about the solo going Chalamet and, um, um, to win and then no one winning anything.

Pretty, pretty easy hedge for me in my opinion.

Yeah, that would, that would be the hedge because if they don't win best actor,

they're not going to win anything. Like that's just the fact that the other one that's interesting

is centers have five Oscars. I probably wouldn't take it just because there could be a centers

upset somewhere. Uh, like best picture. They're at 22%. Like centers could have an absolute

generational run on this cinematography there at 20%. It's between them and one battle after

another. So it's like those ones are the ones I'm like, I probably wouldn't take five,

which is the favorite. Um, just because it could have an upset or it could lose one of them.

Like they could get upset. Like I would probably take no one five.

Interesting. And I actually like how many Oscars will Frankenstein win? I like three. I think it wins

three, even though I've never seen the movie. I don't really care about it, to be honest.

Makeup. Uh, best makeup and hair styling production design and, um, what is the other one?

I want to say it's visual effects. No, visual effects will be Avatar. Uh,

it'll win the costume design, production design, and best hair and makeup.

Nice. And those three odds are at 90, 88 and 92. So it's like, they're very high

for those three, which like, basically, this is a parlay that you're taking for those three

awards. Okay. It's like a parlay essentially, but it's not paying out like,

eh, maybe it's paying out all right for a parlay. Yeah. I mean, you get 28% over 72. So for

three, what feel like locks, you're getting 38%. Yeah. Not bad. So I like that a lot.

Our, um, our stretch, uh, micro strategy, do nothing position is doing well. Um,

this is now up to 83%. This was at, wow, it was at 65 when we talked about it yesterday on the show.

I got a little earlier, but this one's looking, uh, really nice. Another big day out of stretch.

I think it was a record day. Um, so stretch traded above $100 all day on $2.4 million worth of

volume. So an estimated 1,360 Bitcoin acquired there, uh, to note though, um, I was reading a bit

that they like to keep their like leverage even. And if you looked at the filing for micro strategy

on their at the market sales last week, they sold, uh, 2x, um, the volume of micro strategy, um,

to stretch. And that funded the Bitcoin buy. So if they do something similar, this could have

been a $4,000 Bitcoin acquisition day. Um, and that puts it well on pace to hit the mark of, uh,

250 or 750 K Bitcoin for this market to, to resolve. So I think there still is a little bit of juice

here. I mean, you're you're at 83% chance, uh, right now to hit it, um, on the no size. So 84%

chance. Um, I think I, but I think I like, I might like easy plays a little bit better. I think I

like the Frankenstein play a little bit better, more juice to squeeze out of that one, um, as well as

that hedge on the, uh, Chalamet and, um, Marty supreme markets. But if you're in this one,

looks pretty good. I'm still holding it. I'll probably hold this one to into the 90s. Maybe

sell it. We have a good week. Hedge against any kind of disaster. But nice wins across the board.

I do want to talk about, um, a little bit of a pump here on Bitcoin. You think this is what

takes us out of the range of 70 K potentially easy. We saw, um, we're going to make a new high.

So new high as in like, we get above where we did, um, on this last fail breakout at 74. Is that

going to, is that what gives you confidence here? Um, longer time frame. I mean, you're like,

I mean, we got a new low recent low, which feels decent. But I'd like a new high personally.

Like, break above that 74. And we probably have some good move up.

Oil is going to be interesting to watch. Obviously, the S&P had a crazy day yesterday.

Dollars making new lows. Yeah. I don't know. Wow.

The dollar's not looking super strong here. 98 six after touching 100. Yeah. I want to see the

dollar continue to break down. Things you say when you're on risk on assets.

Yeah, S&P crazy volatility. Let's look at the daily. I want to see how far this can

wake up and down yesterday. Um, finish the day green. This is a huge candle here up and down.

Finish day up. 0.8% after being as low as 6,700, finished up all of 6,800.

On the day now at 6795 on market open right now.

Um, we'll see what how the S&P reacts to Trump's comments from yesterday.

I think I'm, I think I'm still just short on Bitcoin. I think I'm just going to kind of follow the

follow the the playbook of short 70k.

Um, back into this range on failed breakouts. Maybe like with the stop loss at 74.

I think I think it makes a lot of sense that, um, like that, the range gets invalidated a bit

if we get over the 74 level, but we've been sitting in this pocket for, for such a long time,

and I've missed out on some of these short opportunities. I think I'm just going to start

actively shorting 70k. Um, I think we do have longer before we go up, but yeah, I don't know.

And it's also hard to trade with like, like we said earlier, hard to trade leverage right now with

with what's going on. So that that gives me pause as well. But I'm leaning on the short side on

Bitcoin here at 70, 71k. So we'll see, see all this works out.

Um, other news, uh, milestone out of Bitcoin, uh, yesterday, we hit the 20 million, uh, Bitcoin

bind mark to supply Bitcoin at 20 million. Total supply of Bitcoin is 21 million. It's going to take

114 years to issue that remaining Bitcoin. Um, the only living person right now is going to be, uh,

what's his name? Who's, uh, the longevity guy?

Uh, which one?

The one who's been like posting like erotic fanfiction. Brian Johnson. Brian Johnson,

yeah, Brian Johnson might be, might be alive to see Bitcoin get mined out in 114 years.

Maybe that dude, dude, he's something else.

Oh man. So, um, 95% of the supply has been issued, um, with the

happening coming in 2028 in the lower emissions again. 114 years is going to, it's going to,

it's going to take to mind out the entire supply. Um, it's taken 17 years since launch to get to 20

million. Um, it's crazy how exponential growth into K work. 17 years to get that strike thing

is going to hold stretch, stretch. Yeah. Um, I don't know. I mean, we're in, we're in uncharted

territories for it right now. We don't have like a comp on it running this hard for this long.

That's the reason I was like, very interested in these strategy markets is because it's been so

strong. Like it's been, but these two lines here are, um, this is essentially

a $99.21. Like this is like the 1% off of par range. And it's been in there since February 26th.

We've never had this sort of run. Um, back in October, we had 1, 2, 3, 4, 5, 6, 7 days before

it fell off a cliff. Um, and like you looking at this chart, like it tends to fall off cliffs.

So, uh, the X date on it, I think is the 13th. Um, let me just confirm right now. Yeah, March 13th

is the X dividend date. So you must purchase, uh, before that date, um, if you buy on March 13th or

after March 13th, the previous owner receives the dividend. So that's the date to circle in the

counters. Uh, so today's the 10th, uh, Wednesday's the 11th, Thursday's the 12th. So the 12th is going to be

like the last day to buy stretch if you want the full dividend. Um, and the way it works,

it's not perforating anything like it's all or nothing. So if you bought, like you haven't been

holding this at all all month and you, you just ape into it on the 12th, you get the full 11.5%

dividend. Uh, if you buy it on the 13th, you don't get anything this month. So the 13th could be a day

that we would target for a sell off below par. Um, same thing happened in February. Um,

let's look here. February 12th is right here. So we were trading at par on the 12th and then on the 13th,

we went as low as 9950. On the 14th, we hit our local low at 9926 and then it went up only after that.

So it only experienced really like two days of like downward price action before, um,

uh, recovering and getting back up to par and it's been sitting at or above par since, uh, the 25th,

which is, is create a crazy run. Um, we've only had that like one other time and, um,

we'll see how this goes. I mean, if it continues, continues to generate strength, if it continues

to generate institutional interest, I think that, uh, it could be a bullish for Bitcoin and be like,

long term bullish for micro strategy as they have an engine to acquire more Bitcoin.

Um, I think micro strategy is kind of like beaten down right now and rightfully so,

like, they've underperformed Bitcoin pretty substantially. But, you know, in a bull run when

Bitcoin potentially sets new all-time highs, these act, uh, like accumulations at the bottom

without having to raise like outside funds doing it all through their own internal products

without the market offerings is super interesting to see like how that'll work. It could be like a spring

board effect. So I'm keeping my eyes here. I'm holding stretch, um, or the yield. I'm holding

micro strategy, which I bought at the tipping top, probably the highest buy on micro strategy out

of anybody on the, the planet right now, which I'll hold with me, but, um, hopefully get back to

where I was. We'll see. Um, but I'm following this narrative very closely and it's actually helping

for things like the prediction markets where I'm making, uh, making some back just knowing the

ins and outs of the products. Um, what have you been looking at lately? What have you been trading?

Any meme coins, any prediction markets outside of Oscars, anything on chain that's called your eye,

anything you've been doing with AI? I think you might be muted. It's a lot of content and source

creation with AI stuff, but the thing I am interested in is the oil price closing, like, well crude oil

hit. What will it hit? Um, I actually think we probably go back up. Like I do think crude does

hit a hundred of barrel. Buy it. And you think it, so this, this market will crude oil hit X by

end of March is what it closes at at the end of March, right? No, just what does it hit?

Like what what for a single day trading? So this opened after it already. Oh, no, by the final

trading day, yeah. Yeah. Oh, I found any trading day, the settlement price. So yeah, if it trades over

any of these on a single day, I said, that's a closer price. Over a hundred. This is the daily

closing price. Yeah. So I actually like over a hundred. Where have we closed on oil this month?

Let's bring it up. The reason being though, you just had 6.7 million barrels get

slashed from daily output of oil in the Gulf. So even though I guess this market started after we

had already like closed a couple of days on your 85. Okay. Yep. Interesting. Yeah. So we've closed it

86 94 and 88. I mean, that kind of feels like free on both sides too.

Yeah, both of these. Like if you take the yes on over a hundred and the yes on under 85,

like there's a chance you hit both of these. Yeah, for sure. That's the thing. I mean more on the

higher side. The like that 105. The question is like how much is like Trump going to like fly in

any time oil gets up there to like beat it down? You said a lot of nonsense yesterday that I don't

think was grounded in any sort of actionable. I don't know anything that's actually going to happen.

And it beat the oil price down pretty hard. I guess you did have like the G7 summit where they

talked about releasing oil reserves, which could help to the downside, which was like actually

sort of tangible. But I get concerns that like, but maybe the market like rises up and they say,

okay, Trump is saying something. It doesn't necessarily mean that it's going to happen.

Oil continues to run up as it continues to see ships getting stopped or bombed.

I feel like we saw news that there were missile attacks this morning on the street.

Yeah. And Iran targeting UAE. This was a big one this morning was UAE's largest

refinery had the halt production due to drone strikes today. Yeah, stuff like this.

I think it's 6.7 million barrels. So I'm like, I feel like even if the price is down slightly,

I feel like there's going to be an inherent price increase or cost increase, right?

Yeah. I think I tend to agree with you on the upside here.

That's why I'm like, I think it can close over 100, which gives you 35 divided by 65.

You're looking at like a 45% 53% wind. That's not bad.

No, not bad at all. Yeah.

Yeah. Yeah, I think I like that. I think I like that.

Yeah, it's over 50% gain or on that.

Any other markets you've been looking at? I mean, there's

I'm going to look at some more of that. And then obviously the Oscars.

I've been very close to watching. We got June dates. We've got what will it settle at?

Let's dive in a little bit deeper here. This week was it going to settle at?

Oh, this is what's going to hit this week. Okay. You can take that same 100 bet for this week at 29%.

Yeah, but say, I don't think it happens this week.

95. I mean, you still have 21 days. So I'm like, I would rather take the longer dated.

Yeah, that's fair. Then end of June.

End of June over 100, a little longer dated, under 55.

I like to know on under 55 by the end of June.

If you get the conflict resolution, it's tough.

But when we're like essentially trading around that level, like historically,

yeah, that's why you need you need the conflict. You need the resolution.

Even if we resolve, though, like I don't think we're dropping below this level.

Right. That feels like a local law or a pretty strong support level.

Maybe the no on 25 feels super interesting there at 78.

End of June is like a long tail.

Store of money.

Another one here. What will crude settle at in March? It's like targeting the final days of March

where it's going to end at 90 plus at the end of March is at 41%.

I don't like the know there too.

Lots of interesting stuff you can do on prediction markets with the price of oil

in addition to trying to trade it because you can't get liquidated on a prediction market.

If you want to trade the volatility of oil doing it on a prediction market,

versus trying to do it on a purpose platform makes a ton of sense.

Maybe I can like find a way to like pseudo LP via the appalling market,

taking bids on different sides and farming it. We'll see what I can do there.

I think today might be a shorter show. Just a couple of quick hitters before we wrap.

You can find these all dailybones.com or our newsletter free.

Deliver to your inbox each and every day dailybones.com and a weekend update as well.

We had Chinese inflation hitting the highest level in three years.

We had the on-chain value of tokenized at equities hitting a new

all-time high of $1 billion. We had Nasdaq partnering with

Kraken's parent company to push 24-7 tokenized equity trading. We just saw this with OKX

and the New York Stock Exchange's parent company. Interesting to see more and more crypto exchanges

jump on board with tokenized equities. Last thing I do want to talk about today was this

and the USDC news. This surprised me. I didn't think that circle was going to be flipping

tether and definitely not by this margin. $1.8 trillion worth of stablecoin volume,

which is a fairly big jump of an all-time high in February, which is a shorter month to

70% of it on the USDC. It's been closer to 50-50 tether like historically has had the 70% share.

It's kind of went closer to 50-50 since 2025, but this month was an explosion for USDC.

Maybe do that. I don't know if it's due to agents. I don't know. We've hit that sort of escape

velocity on like AI agents transacting in USDC, but probably part of it. And shaping up for March

already, the majority of volume is coming in through USDC. This makes me want to look over at

circle. Circle has had a heck of a month. They're up 30% on the month. This is the daily here. They

gapped up late February 25th, gapped up from trading at 61 to closing over $80. Now trading at

113 up 1% on the day, continuing to go up. This topped at just under $300, post IPO.

This is approaching these last highs that were set at 150. What are your thoughts on circle

here? Easy. They continue to show this volume. Are you bullish on this? I think stablecoins in

general are a good play. And this is one of the only ways to get clean exposure to stable

coins. I don't even know what else I would try to invest in. I guess you could do stuff like plasma

or trying to find ways to get in the tempo. The stable coin chain or some of these emerging stable

coin chains, but circle just feels like the cleanest way to express a, I think the stable coin pie

is going to continue to grow. And I want a piece of it. So circle is an interesting one to add to

portfolios because it also doesn't really care like bull or bear market to an extent. Because you

it's not pegged to an asset that's changing price or hopefully not changing price.

So this one's interesting. I do fear for like rate cuts affecting their revenue model. But

right now it just feels like the cleanest way to bet on stable coins are going to eat everything.

And you're getting it at a 60% discount off of all time highs after the IPA, which might have been

a bit of a blow off top, to be honest. So this one has my eye. Maybe maybe start a DCI here

on spot circle. I don't want to leverage trade it. I just want to probably stack something like

this that would make sense for the long term. But I think that's going to be it for today's show.

Unless there's anything else you wanted to talk about before we wrap this. I gave my Oscar place.

There's those four that I really like. Mike will be Jordan, Marty supreme zero, Frank and

Stein three and Sean Penn best supporting. Those are kind of the ones I'm mostly looking at.

We got to mention market on it. I have to do more research on that. That mentioned market

action is some good volume. So are you going out to the the red carpet for that?

I'll be out there. Skinning is going to be the real question. But I'll be in the general area.

I got some things planned that I'm excited for. It'll be fun trying to get some on the boots,

boots on the ground content. We can find an edge. So I'm excited. I'm excited to see the coverage

you provide. All right. Thank you all for listening each and every day. It's been a wonderful

Tuesday over here on the daily bone podcast. I've got the banner scrolling across the screen here.

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