Consider Myriad as it becomes the first prediction market integrated into Trust Wallet, providing a major growth catalyst by gaining access to 200 million users. With institutional giants like Vanguard and Bank of America now offering Bitcoin (BTC) access to clients, the recent market dip presents a potential buying opportunity for long-term investors. Large-scale purchases of Ethereum (ETH) near the $3,000 level signal strong institutional conviction at current prices. For active users, participating in the Infinex "Crate Run" offers a way to potentially earn a future token airdrop by trading on the platform. The memecoin SBX has shown notable strength during the recent market downturn, indicating it could be a high-beta leader for risk-tolerant investors.

Myriad

• Myriad has announced a major partnership with Trust Wallet, becoming the first-ever prediction market to go live directly inside a crypto wallet.
• This integration gives Myriad direct access to Trust Wallet's 200 million users through a new "Predictions" tab in the app, significantly reducing the friction for new users to participate.
• The announcement was described as "arguably the biggest announcement since we launched" by a team member, who is aiming to position Myriad in the same category as top competitors Polymarket and Kalshi.
• The partnership was supported by BNB Chain and received a signal boost from Binance's CZ.
• Polymarket and Kalshi are also expected to integrate with Trust Wallet in the future, but Myriad has the first-mover advantage.
• A "huge campaign" with competitions and other events is planned to promote the integration.

Takeaways

• The Trust Wallet integration is a significant potential catalyst for Myriad's growth, providing access to a massive new user base.
• Investors should monitor the user activity and trading volume generated through this new channel to gauge its success.
• The upcoming marketing campaigns could create short-term volatility and present trading opportunities.
• This move solidifies the growing trend of embedding DeFi applications directly into user-friendly wallets, a theme to watch across the crypto space.

Bitcoin (BTC)

• After a "bloody" start to the month where the price dropped below $84,000, Bitcoin has bounced back strongly to over $90,000.
• The hosts are debating whether this is a sustainable recovery or a "dead cat bounce."
• Bullish Factors Mentioned:
  • Vanguard, a massive asset manager with $9-11 trillion in assets and 15 million brokerage customers, has reversed its anti-crypto stance and will now allow clients to buy Bitcoin ETFs.
  • Bank of America is now recommending a 1% to 4% crypto allocation for its clients across Merrill Lynch and its other wealth management arms.
  • An expected interest rate cut from the Fed next week.
  • A crypto-friendly candidate is the favorite to become the next Fed Chair.
• Bearish Factors Mentioned:
  • The primary bear case seems to be based on historical patterns where crypto sells off around this time in the cycle.
  • General "FUD" (Fear, Uncertainty, and Doubt) around topics like quantum computing threats.
• One host believes there is at least a 30% chance that the recent dip to the low $80,000s was the local bottom for this cycle. This represented a 35% drawdown from the recent peak of $126,800.
• Prominent analyst Tom Lee has reportedly walked back his $150,000 end-of-year price target for Bitcoin.

Takeaways

• The institutional adoption narrative remains incredibly strong, with giants like Vanguard and Bank of America finally opening the doors for their clients. This provides a powerful long-term tailwind for Bitcoin.
• The market sentiment is cautiously optimistic. While the recent bounce is encouraging, traders should be aware that the recovery is still fresh.
• For long-term investors, a dollar-cost averaging (DCA) strategy, as mentioned by one of the hosts, could be a prudent way to build a position amidst the current volatility.

Ethereum (ETH)

• The price of ETH is up, trading around $2,926 and approaching the $3,000 level.
• Prominent bull Tom Lee reportedly purchased another $265 million worth of ETH last week.
• His firm is expected to continue buying at these prices to lower its average cost basis, suggesting continued institutional accumulation.

Takeaways

• Continued large-scale purchases by institutional players like Tom Lee's firm signal strong conviction in Ethereum at current price levels.
• The $3,000 mark is a key psychological level to watch. A decisive break above it could signal further upward momentum.

Prediction Markets (Sector)

• The prediction market sector is seeing significant innovation and user growth.
• Myriad integrated with Trust Wallet, giving it access to 200 million users.
• Kalshi is launching its prediction markets on the Solana blockchain, working with infrastructure players like Jupiter and DFlow to aggregate liquidity.
• Kalshi also announced a $2 million grants program for builders to create new front-ends and tools for its markets, which should spur further innovation.

Takeaways

• Prediction markets are becoming more accessible than ever, moving from niche websites to being integrated directly into major wallets (Trust Wallet) and DEXs (Jupiter on Solana).
• This increased accessibility and liquidity could be a major growth driver for the entire sector. This is a key investment theme to monitor.

Monad (MON)

• The MON token has been "insanely volatile," having surged to a $5 billion market cap, crashed to below its ICO price, and has now bounced back, up 40% on the day.
• The hosts, who participated in the ICO, are holding their tokens. One plans to hold for at least a year to improve his profile on Coinbase for access to future token sales.
• This brings up the strategic decision for ICO investors: weighing the benefit of taking profits against the potential long-term rewards of being a loyal platform user (e.g., future airdrops or allocations).

Takeaways

• MON is a high-risk, high-volatility asset suitable only for investors with a high tolerance for risk.
• For those who received tokens in an ICO or airdrop, it's important to have a strategy that considers both potential price gains and the non-monetary benefits of holding, such as qualifying for future opportunities.

Other Stocks & Cryptocurrencies

• Apple (AAPL): The stock reached a new all-time high.
• NVIDIA (NVDA): The stock was up 3% on the day.
• Coinbase (COIN): A $4.2 billion lawsuit was filed against the company and investor Marc Andreessen for alleged insider trading. A judge in a similar, previous case found the claims "reasonably conceivable," suggesting this lawsuit may have some merit. However, these cases move slowly.
  • Takeaway: This lawsuit is a background risk for COIN stock. While unlikely to have a short-term impact, it's a development for long-term investors to monitor.
• Hype (HYPE): One host has started a dollar-cost average (DCA) plan into HYPE using Robinhood.
  • Takeaway: The availability of tokens like HYPE on user-friendly platforms like Robinhood can make them more accessible to a wider retail audience, potentially increasing demand.
• SBX (SBX): This memecoin is up 18% to a $700 million market cap. It was noted for being one of the strongest performers during the recent market downturn and for bouncing sharply on green days.
  • Takeaway: Leading memecoins like SBX can act as high-beta plays on the broader crypto market. Its relative strength during the downturn may indicate a dedicated community and could be a signal of market leadership within the meme sector.
• "Zeke" (Privacy Tokens): A host is watching a privacy-related token (referred to as "Zeke") for a potential trade. The token's daily RSI (Relative Strength Index) is at 37, indicating it was recently oversold.
  • Takeaway: Combining a fundamental belief in a sector (like privacy) with technical indicators (like RSI) can be a strategy for identifying potential entry points for a trade.
• Infinex (Airdrop Farming): The hosts highlighted the Infinex "Crate Run" as an interesting airdrop farming opportunity. Users can earn "crates" (which will likely convert to a token airdrop) by trading perpetual futures on the platform.
  • Takeaway: For active crypto users, participating in airdrop campaigns on new platforms like Infinex can be a low-capital way to gain exposure to new tokens and projects.