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⌐◪-◪ → Tokenization is on the rise!

UBS just launched the world’s first Ethereum-based tokenized fund, officially named the UBS USD Money Market Investment Fund Token, or “uMINT.”

This is a huge step forward, especially given UBS’s status as one of the largest asset managers worldwide with over $5.7 trillion AUM. They’re not alone, either — BlackRock and Franklin Templeton have also been rolling out tokenized fund offerings.

It highlights a rapidly growing tokenization market, with over $3 billion in real-world assets on Ethereum and $13.16 billion in total across other chains. Remind me to check on this figure in a year, and the associated chains.

I’d consider this a bullish signal for Ethereum amid peak FUD, but maybe that’s just a cope.

⌐◪-◪ → Justin Sun just called Brian Armstrong a liar.

Coinbase has come under fire for allegedly charging huge “listing fees” on its platform, with accusations leveled by both Justin Sun and Andre Cronje. This comes after Simon Dedic, CEO of Moonrock Capital, claimed a major crypto project was asked to pay Binance 15% of its token supply — a hefty $50-100 million — for a CEX listing.

Brian Armstrong denied the allegations, insisting that Coinbase listings are free. Justin Sun, however, called him out, stating Coinbase asked him for $300 million to list TRX. Andre Cronje backed up Sun’s claims, saying similar fees have been requested.

This sparked a major debate on crypto Twitter, with some viewing these fees as totally fair ‘paid distribution’ and others calling them extortionary tactics. Personally, I think listing fees are fair play as long as they’re disclosed transparently. But, given the “Binance or nothing” mentality in the space, there’s a real risk that centralized exchanges could manipulate project pricing.

This is what happens when we centralize power. Also, I’m not sure who to believe here, the whole situation is fishy.

⌐◪-◪ → Another Bitcoin miner emerges.

Deutsche Telekom (T-Mobile’s parent company) just announced plans to mine Bitcoin using surplus energy. Specifically, their subsidiary MMS, in partnership with Bankhaus Metzler, has launched a pilot project in Germany to utilize surplus renewable energy for Bitcoin mining.

This is significant given Deutsche Telekom’s status as Europe’s largest telecom provider. Not only does this approach deliver financial returns, but it also serves as an effective way to stabilize the energy grid, allowing surplus power to be used instantly with minimal startup and shutdown times — you can mine Bitcoin at the flip of a switch.

This is a super bullish signal and an opportunity to remind everyone of the Kardashev scale — a measure of technological advancement based on energy utilization. Deutsche Telekom’s move is helping us level up.

Are you feeling bullish now Anon?

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