Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

👉 If you’re going to Devcon, join their Telegram for some alpha

Join our Telegram | Follow us on 𝕏 | Partner with us

⌐◪-◪ → The normies are coming, the normies are coming!

Google searches for Bitcoin are surging, currently around 35% of their peak during the 2021 bull market.

Naturally, this spike follows Bitcoin’s new all-time high of nearly $77k and is a textbook example of the Veblen good effect — where demand for an asset rises with its price, bucking traditional supply/demand principles.

This heightened demand isn’t just seen in search data; yesterday alone, Bitcoin ETFs had $1.4B in net inflows, their highest since launch. Love or hate Trump, there’s no denying the market is reacting positively to his victory, with even the stock market hitting a new all-time high.

Looking forward, while past performance doesn’t guarantee future results, it’s definitely a good place to start — with that in mind, check out this chart from the Bitcoin Archive.

Get ready for a bunch of friends/family to crawl out of the woodwork and ask you about Bitcoin, I’ve already had 20+ private this week.

⌐◪-◪ → Coinbase is officially on Solana!

Our favorite CEX, Coinbase, just launched its wrapped Bitcoin token, cbBTC, on Solana following its initial rollout on Base. This marks Coinbase’s first token on Solana, the chain currently taking the crypto market by storm.

cbBTC is an SPL token backed 1:1 by Bitcoin custodied by Coinbase, enabling users to leverage Bitcoin’s value on Solana for liquidity, collateral, and more. While it’s not Solana’s first wrapped BTC (tBTC, Wormhole’s WBTC, and Zeus Network’s zBTC are already live).

As for traction, cbBTC on Solana has a current market cap of $10.3M — something we should check back on in a week.

This move solidifies Solana’s role not only for memecoin traders but as a serious platform for institutional investors too.

⌐◪-◪ → Real-world crypto adoption is here!

Starting in 2025, Detroit will allow residents to pay taxes and city fees with crypto, making it the largest U.S. city to accept crypto payments. This leap forward is thanks to an integration with PayPal — the PayPal mafia strikes again.

Detroit aims to foster a tech-friendly environment and set an example for other cities exploring blockchain for civic use. Between this move and the decisions by Michigan and Wisconsin to allocate portions of their state pension funds to crypto, it’s clear the Midwest is leading the charge in crypto adoption.

Detroit residents can pitch new civic blockchain ideas by emailing [email protected].

As I’ve always said — first corporations, then banks, then states, then nations. The crypto revolution is here!

Jump into Specs.Chat to brainstorm civic use cases and guess which states will adopt crypto next.

Join Our Community!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun