Crypto is starting to trade more like traditional markets. This week’s That’s Our Two Satoshis looks at: • Macro pressure finally catching up with crypto prices • Bitcoin holding up as smaller tokens absorb most of the selling • Digital assets increasingly trading on distinct fundamentals • Strong earnings expected even as equity markets and crypto prices fall @jdorman81 examines why the recent correction may say more about the macro environment and risk appetite than deteriorating crypto fundamentals—and why price and value are not the same thing.

Crypto investing is becoming easier to underwrite. This week’s That’s Our Two Satoshis looks at: • Public equities offering exposure to companies building the industry • Existing tokens connecting real revenues to tokenholder value • New tokens designed around sustainable economic utility from inception • Legacy tokens that could gain significant relevance with redesigned tokenomics @jdorman81 examines why the crypto investment opportunity is becoming clearer as more businesses and tokens develop identifiable economic value.

ICYMI: What’s Driving Token Prices? Host 🎙️@KatieTalati covers: @ether_fi — launches its own stablecoin with Ethena and integrates MoonPay payments @safe — crypto investor Greenfield Capital files complaint and calls for board changes @near_intents — swap product exploited for $3.8M, with funds later returned

Crypto is acting strangely rational. This week’s That’s Our Two Satoshis looks at: • Crypto holding up despite an increasingly hostile macro backdrop • BTC and ETH lagging revenue-generating application tokens • Stablecoins keeping more capital inside the crypto ecosystem • DEXs gaining share as trading activity moves on-chain @jdorman81 examines why this rally is becoming harder to explain through the old crypto playbook of macro conditions, Bitcoin leadership, and retail speculation.

Token design has long reflected regulatory uncertainty. This week’s That’s Our Two Satoshis looks at: • SEC staff guidance on token buybacks and functionality • How regulation shaped governance-token design • Connecting protocol economics to token value • Questions around value capture and token economics @jdorman81 examines the tension between protocol success and token value capture.

ICYMI: What’s Driving Token Prices? Host 🎙️@KatieTalati covers: @ZetaChain — winding down L1, moving to Solana, and focusing on Anuma/AI @avax — Avalanche summit draws attention to NYSE, Hyundai, and RWA lending @binance / @circle — Binance invests $100M in Circle and expands USDC partnership @grass — independent report shows the project generated $14M in H1 revenue

Crypto’s rally is far from euphoric. This week’s That’s Our Two Satoshis looks at: • Crypto rally remains far from euphoric across most assets • CLARITY falls short in 49–50 Senate cloture vote • SEC and CFTC advance frameworks through existing authority • Industry lessons shaping a future market-structure effort @jdorman81 and Arca Portfolio Manager @DavidNage examine why recent crypto strength still leaves most assets well below prior highs—and what CLARITY’s failed vote means for the regulatory path ahead.

ICYMI: What’s Driving Token Prices? Host 🎙️@KatieTalati covers: @StonkFunSolana_ /@Pumpfun — StonkFun growth prompts Pump.fun custom-pair and rewards changes @Balancer — proposes wind-down and BAL redemption against $9M treasury assets @DeriveXYZ — proposes V3 migration to Ethereum with RWA and vault features

Tokenization is moving from novelty to infrastructure. This week’s That’s Our Two Satoshis looks at: • Traditional assets moving on-chain through major financial institutions • Financial infrastructure evolving from paper to databases to blockchains • Stablecoins, tokenization, and DeFi converging into one financial system • Programmable assets expanding trading, collateral, lending, and settlement @jdorman81 examines how blockchain is moving beyond crypto-native assets to become infrastructure for stocks, bonds, real estate, and other traditional financial assets.