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⌐◪-◪ → Bitcoin is officially more popular than Gold on Wall Street.

U.S. Bitcoin ETFs have now flipped Gold ETFs in total AUM, hitting $129B—a massive feat considering Gold had a 20-year head start. This comes as Bitcoin hits rolling all-time highs, inching closer to $110k.

Zooming in, BlackRock is absolutely dominating, with their Bitcoin ETF nearing $60B, double the size of their Gold ETF.

Looking ahead, Bitcoin is on track to flip Gold’s $17.8T market cap entirely—just as it’s already flipped Gold ETFs. Near term, Bitcoin is less than 2x away from overtaking the world’s biggest companies: Google, Amazon, NVIDIA, Microsoft, and Apple.

Cheers to the fastest-growing ETF in history. Higher.

⌐◪-◪ → $PENGU is now the 6th largest memecoin.

Pudgy Penguins absolutely crushed their airdrop yesterday, skyrocketing to a $2B market cap and breaking into the top 10 memecoins within 24 hours—now sitting at 6th above $WIF and after $FLOKI.

What set this airdrop apart? They leaned into onboarding new users, rewarding Ethereum OGs who weren’t part of the Pudgy Penguins community—brilliant move. Over 412k holders and 920k claim events prove its success.

The airdrop went so viral that even Robinhood’s CEO discussed it LIVE on Fox Business—right before dismissing memecoins as a distraction. Lol.

While the Pudgy floor price dropped from 33 ETH to 18 ETH post-airdrop (expected after massive gains), they remain a top NFT collection by market cap. Now, all eyes are on how Luca and the Pudgy team activate their new asset, $PENGU, and engage their growing community.

Congrats to the team—we’re so back.

Also, a moment of silence for the trader who turned $10K into $3 buying the top of $PENGU. We thank you for your service as exit liquidity.

⌐◪-◪ → Uncle Sam wants your Bitcoin!

The Bitcoin Policy Institute has drafted an Executive Order for President-elect Donald Trump, outlining a U.S. Strategic Bitcoin Reserve.

Before we get carried away, it’s important to distinguish between two outcomes:

1. Stockpile → Holding seized Bitcoin (low-hanging fruit).

2. Reserve → Buying 1M Bitcoin over 5 years, as proposed in Sen. Lummis' Bitcoin Act (5% of the total supply).

The former (stockpile) is far more realistic in the near term, while the latter (reserve) would be game-changing. According to Polymarket, the chance of a Bitcoin Reserve in Trump’s first 100 days sits at 36%—check their market criteria for more.

Meanwhile, states are stepping up. Ohio just filed House Bill 703: The Ohio Bitcoin Reserve Act, signaling a broader trend of states accumulating Bitcoin. It won’t be long before a majority of U.S. states hold Bitcoin to some degree.

The Bitcoin standard is coming, one state at a time.

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