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Crypto's New Boss
Wall Street Takes the Wheel

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Crypto’s Power Shift 🪴
What a week. We only made it halfway before Bitcoin nose-dived under $100,000 in just two days, like it suddenly remembered gravity was a thing. But the real story isn’t the dramatic plunge.
It’s that Wall Street just snatched the steering wheel — and crypto didn’t even pretend to fight back.
Market Shift 🔱
BlackRock’s iShares Bitcoin Trust ETF (IBIT) quietly did something wild: it overtook Deribit — yes, Deribit — as the world’s largest Bitcoin options venue. IBIT is sitting pretty with $38 billion in open interest, leaving Deribit trailing at $32 billion.
Let that sink in: the biggest options market for Bitcoin is now a BlackRock ETF.

Open Interest
If crypto were a rebellious teenager, this is the moment the kid realizes Dad found the secret stash and replaced it with a neatly labeled Fidelity folder.
This shift tells us three things:
Institutional flows now dictate spot price behavior.
This isn’t degen leverage. It’s strategic, long-horizon money.
Bitcoin’s market structure is officially all grown up.
Translation: Wall Street is now conducting the orchestra — and the tempo just changed.
Breaking Records 📈
Global crypto ETFs pulled in $5.95 billion last week alone — the highest weekly inflow ever recorded.
The U.S. led with a monster $5 billion, because of course it did. Switzerland and Germany weren’t far behind, posting record-setting totals of their own.
BlackRock’s IBIT? It vacuumed up $970 million in a single day. Because apparently it’s hungry.
And it isn’t just Bitcoin getting the love:
Ethereum: $1.4B
Solana: $706M
XRP: $219M
These aren’t bored retail traders smashing the “Buy” button between Uber rides. These are structured, model-driven allocations that live inside spreadsheets with words like “macro framework” and “long-term exposure.”
Even Deutsche Bank is out here suggesting Bitcoin could end up on central bank balance sheets within the decade — which is the financial equivalent of your strict grandfather suddenly asking how NFTs work.
Altcoins Line Up 💱
Canary Capital has finalized ETF filings for Litecoin and Hedera, complete with tickers and fees. Bloomberg analysts say they’re basically ready to go as soon as regulators stop stretching their coffee breaks.
Prediction markets give the Litecoin ETF a 96% chance of approval by year-end.
Yes — Litecoin. The coin your uncle mined in 2015 on a laptop running Windows Vista.
Vanishing Supply 💵
Exchange balances are at a five-year low. Around 7,500 BTC leave exchanges every day, headed straight for cold storage.
ETFs are hoarding. Long-term holders are hoarding. Everyone’s hoarding. The float is shrinking, and every dip is met with instant buyers like someone shouted “free beer.”
What’s Next? ♒️
With Wall Street driving, expect the road ahead to look less like a roller coaster and more like a professionally managed Formula 1 track — still fast, still dangerous, but driven by people who actually wear helmets.
ETF demand should keep dips shallow as Bitcoin chops between $117K–$130K in the near term.
But the bigger story?
CRYPTO ISN’T A RETAIL PLAYGROUND ANYMORE. It’s becoming a professional asset class — with professional money calling the shots.
The future of crypto is institutional. And the early adapters?
They’re the ones who’ll catch the next wave before it hits the shoreline.
Digital Gold 🪙
One of the hottest takes floating around lately goes something like this: “We don’t need Bitcoin — we already have gold.”
Cute.
And on the surface, it even sounds reasonable… if you squint hard enough.
Gold is up 57% this year. Bitcoin is up 14%. So naturally, the gold crowd is popping champagne and practicing their “I told you so” speeches in the mirror.
But let’s zoom out: Since January 2020, Bitcoin is up 1,384%. Gold? 170%.
If gold is “winning,” it’s doing it in the same way a kid on a tricycle is “winning” against a Tesla — for about six seconds before reality intervenes.
Still, the anti-Bitcoin crowd has a new angle:
“Once gold is tokenized, Bitcoin becomes useless. Why own digital gold when you can own digital gold backed by physical gold?”
It’s clever. It’s tidy. It’s also… completely wrong.
The Tokenized Fantasy 🔮
Tokenization simply means turning a physical asset — in this case, gold — into a digital representation on a blockchain.
Newsflash: tokenized gold has existed since 2019.
And in that time, Bitcoin still ran laps around it like an Olympic sprinter racing someone wearing ankle weights.
But let’s entertain the dream for a moment.
Gold bulls argue that when the global monetary system “resets,” physical gold will become the pristine collateral the world rebuilds upon — the hard, immovable foundation of the financial system.
And you know what? They’re not totally crazy.

Gold vs. Bitcoin Supply
Central banks are dumping U.S. dollars and Treasuries.
They’ve sold $48 billion in Treasuries this year and bought $92.7 billion in gold. That’s not a trend. That’s a stampede.
Gold is undeniably a store of value. But it comes with two fatal flaws:
Governments can’t be tied to a fixed supply. No politician is giving up the money printer. Ever. You have a better chance of convincing a toddler to share a cookie.
Gold requires trust. You must trust the issuer actually holds the gold backing your token. And that they haven’t… say… plated copper bars in gold leaf and used them to borrow $2 billion.
That’s not hypothetical. That literally happened — see: China’s Kingold scandal, 2020.
For an asset supposedly built on “certainty,” gold sure comes with a lot of trust issues.
The Real Problem 🧾
The scariest thing about gold isn’t storage, transport, or even counterfeiting. It’s that gold supplies rise with price.
When gold goes up, mining becomes more profitable. And when mining gets more profitable, humans do what humans always do: They dig up more of it.
But now we’re entering an era where cheap humanoid robots and AI can explore places humans never could — ocean floors, remote mountains, eco-nightmares that OSHA would never approve.
This is the tar-sands story all over again: Oil wasn’t scarce — it was just uneconomical to extract. Until it wasn’t.
The same future is coming for gold.
The Bitcoin Solution 🧧
Bitcoin has none of these problems.
Its supply is fixed. Forever. It doesn’t matter if the price is $100,000 or $10 million — you will never mine more than 21 million coins.
You can verify ownership instantly on a public blockchain. No warehouses. No audits. No mystery boxes of fake gold.
This is the first asset in human history with absolute scarcity.
Most people still don’t understand how monumental that is. By the time they do, Bitcoin won’t be measured in thousands — but in millions per coin.
And here’s the kicker:
Bitcoin is the fuse that ignites the entire altcoin market. When Bitcoin moves, everything else wakes up.
Gold isn’t going to demonetize Bitcoin. If anything, Bitcoin will eventually demonetize gold.
And those who understand that now? They’re the ones who’ll be holding the future while everyone else argues about shiny rocks.
COIN SPOTLIGHT 🔍️
Three Solana Plays 🃏
The trenches are alive again, friends — loud, chaotic, and full of promise.
I came across a new app this week called the FOMO App, a real-time wallet tracker for top traders and KOLs. And wow… it’s like installing night-vision goggles in a war zone.
The app is a firehose of early signals, sometimes so early that the tokens die before you can even finish reading the alert. But amidst the chaos, three Solana tokens absolutely erupted this week — briefly, beautifully, and possibly fatally.

Let’s dive in while they’re still alive.
$PAYAI 💴
$PAYAI is building payment rails for AI-powered agent commerce using the x402 protocol — basically the Venmo for the robot future. It even showed up in conversations next to Coinbase, which is the crypto equivalent of being seated at the cool kids’ lunch table.
For a hot minute, $PAYAI looked like the breakout x402 play. Then traders got bored, rotated into $ACE, and $PAYAI’s chart started looking like a ski slope in Colorado.
How to Trade It
The x402 meta is fast, loud, and burns out quicker than a cheap vape. These narratives tend to return eventually, but with big wallets already exiting, I’m staying sidelined until the dust settles.$BUIDL 🏦
$BUIDL has been around since February, quietly building a cult following while I managed to ignore it completely — impressive skill on my part.
It’s tied to DevFun, a platform blending Launchcoin and Virtuals, where users pledge funds for presale allocations of ICM tokens. Two launches have already succeeded: $FUN and $VIBE.X ( ▼ 2.2% )
The catch? No one actually knows if $BUIDL is the official token of the DevFun platform or just a proto-token from the early DAO days. If the team drops their own native token… $BUIDL gets obliterated like a soda can under a monster truck.
How to Trade It
If value flows back into $BUIDL, the upside is huge. But until DevFun clarifies token utility, I’m waiting. If it dips under $1M? Maybe I’ll take a degen little nibble.$FUN 🪂
$FUN is DevFun’s breakout token — a “crypto merch in seconds” machine that fits Solana’s current vibe: fast, silly, unserious, and shockingly profitable.
It launched a few days ago, ran to $22M, then crashed back to $6.5M like every Solana degen story ever told. It might still have one more rip in it if the right KOLs decide they’re bored and want to pump something.
How to Trade It
Wait for weakness. When KOL rotation hits again, $FUN probably gets one last hurrah before it disappears into the Solana graveyard.
Final Thoughts 💭
Everything above may be dead by the time you finish this sentence.
That’s the Solana trenches — tokens erupt overnight, die by noon, then respawn in the evening wearing different tickers.
STAGE RIGHT 🎬️
NOTABLE QUOTES 📚️
“The only person you are destined to become is the person you decide to be.”
— Ralph Waldo Emerson
GARAGE LOGIC ☕️


Wishful Fictions. 📆
50 things I know, and wish I’d known sooner, like: “There are huge quality of life improvements downstream of “let me take this off future me’s plate.” You don’t just shift work earlier, you also save yourself all the mental friction between now and when you do it.” Read more HERE.
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LAST CHAPTER 📺️
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