#155 The Crypto Executive Order
How Trump Set To Make USA Crypto Capital Of World
GM - this is The Snapshot, edition #155.
This is what I’ve got for you this week.
This Week In Web3 - The Crypto Executive Order Is Here
Sponsored Post -Lil Eternal Rhythms Fall Short Of Voting Requirement
Notable Sales -Punks, Autoglyphys, Azuki Spirits, Boo Bears
Investment Focus - The Thesis For On Chain Media
For sponsorship enquires, please DM me on Twitter.
Have a great day,
B
This Week In NFT World - The Crypto Executive Orders Are Here
Trump signs Executive Order to make US crypto capital of the world
"In a wide-ranging executive order Thursday, US President Donald Trump demanded a major overhaul of crypto policy as well as a study that would evaluate the creation of a “national digital asset stockpile.”
The president also banned central bank digital currencies, or CBDCs, and created a new “working group on digital asset markets” that will include top economic, law enforcement, and national security officials, according to a text of the order shared on the White House website...
Some crypto proponents had hoped the long-promised stockpile would include the purchase of cryptocurrency, rather than merely holding onto cryptocurrency it already had."
From dlnews
Senator Lumis announced as Chair of Senate Banking Subcomittee on Digital Assets
"Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic bitcoin reserve,” said Lummis. “I am humbled my colleagues have placed their trust in me to chair this historic subcommittee and I look forward to shepherding bipartisan legislation to President Trump’s desk this year that secures our financial future.”
From Lumis
Trump grants full pardon to Silk Road Founder Ross Ulbricht
U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.
The Republican president made good on a campaign pledge to free Ulbricht, 40, who was arrested in 2013 and sentenced in 2015 in what became a landmark U.S. prosecution launched only a few years after the emergence of the popular cryptocurrency.
Reuters
Vitalik publishes post calling for ETH L2s to drive more value back to ETH
"Ethereum scaling plans and network applications should start supporting the network’s native ether (ETH) to further bump value for the asset, co-founder Vitalik Buterin wrote in a post on Friday. “We should pursue a multi-pronged strategy, to cover all major possible sources of the value of ETH as a triple-point asset,” Buterin said as part of a longer post on layer-2 scaling, security and interoperability. “Agree broadly to cement ETH as the primary asset of the greater (L1 + L2) Ethereum economy, support applications using ETH as the primary collateral.”
From @CoinDesk
Founder of Vine launches $VINE which rips past $200M in half a day; continues ascent to $400M
"All $VINE dev tokens are locked until 4/20 at 4:20pm. The re-locks will continue until Vine comes back."
From @rus
"The founder of Vine is using Pump as a way to restart Vine again. The signs are clear. Both Pumpfun and DAOsfun will become the permissionless way to fundraise."
From @lmrankhan
Azuki’s Animecoin struggles post TGE after Hyperliquid & Binance launch
Sponsored Post - Lil Eternal Rhythms Fall Short Of Voting Requirement
This week Lil Nouns DAO declined to fund an immersive storytelling experience that blends live performance, music, visual art, and technology - it looks pretty cool to me, but did not get the votes.
370 votes required, only 353 received
The plan was to cover travel and production expenses necessary to bring Eternal Rhythms to life at The Temple, Denver, Colorado, for the opening night of ETHDenver hosted by Nolcha Shows on February 26th, 2025.
Creating a custom 360 HDRI environment that integrates Lil Nouns into our visual storytelling will be seen during the performance like the noggles in the picture below of Creatress performing at last year's ETH Denver Opening Party thanks to NounsAmigos DAO.
This was the full plan:
Social Media Reach and Promotion: Leveraging collective followings on TikTok, Twitter/X, Instagram, and YouTube, we estimate the reach to be valued at $5,000–$10,000, reflecting content creation, posting, and audience engagement.
HDRI Environment Integration with Lil Nouns Branding: Custom visual content for the performance valued at $2,000, factoring in design expertise and branding longevity. Custom animation featuring the Lil Nouns, shared as a free NFT for attendees.
Content Creation and Filming at the Podcast Lounge: Filming additional promotional content featuring Lil Nouns at the ETH Denver podcast lounge, 30-60 min video podcast discussion between the collaborating artists about the experience and support from lil nouns. We are also creating reels, behind-the-scenes videos, and recap posts. Estimated value: $4,000.
Performance Highlight Videos and Post-Event Recaps: Creation and distribution valued at $3,000, showcasing Lil Nouns’ support within high-quality post-event materials.
A shame they did not make it.
Perhaps they can resubmit their vote and do a little more lobbying - that can help in these instances where there is broad support and no one against - just need to rally a few more votes.
If you are curious about contributing to a cutting-edge DAO and getting paid to bring your ideas to life: check out our website.
Notable Sales - Punks, Autoglyphys, Azuki Spirits, Boo Bears
Berachain, Boo Bear - 34 ETH
Azuki, Spirit - 165 ETH
CryptoPunk, Beanie - 225 ETH
Autoglyph - 130 ETH
CryptoPunk, Clown Nose - 76 ETH
Investment Focus - The Thesis For On Chain Media
This week we minted our first NFT - and it has been minted 650 times!
This is part of our web3 media company’s move into becoming an on-chain media company.
There are a few reasons why we want to go on-chain + start to mint NFTs
1. It’s fun and people like to mint - we already know people like expensive nfts and that is an established asset class, but what apps like zora and pods.media have shown is that fans are quite happy to mint and collect inexpensive nfts by creators on a routine basis to signal their support. That means that we as a company can give the opportunity to our listeners and viewers to support us monetarily if they wish, whilst continuing to offer the show for free to everyone.
2. We operate in an onchain economy so we should leverage on chain assets - to have more skin in the game i think we should be experimenting with the tech we involve ourselves with every day.
3. Alternative revenue stream - media is very hard work and you are very reliant on sponsors. We are so fortunate to have awesome partners, but it makes sense to have one way we can go direct to our viewers and listeners and establish for ourselves an alternative revenue stream
4. On chain data info - we operate in web3 but we keep using web2 data - people ask us about our viewers and our metrics and we keep telling them our youtube numbers or our spotify numbers or our twitter numbers - we want to incorporate some on chain data which could unlock some interesting downstream opportunities.
These NFTs are inexpensive, $2, and the plan is just to mint 1x per week, so we can build an on-chain community of super fans.
There is no obligation to mint, our content is still free to consume, so it’s just a mint if you like it situation if you want to join our on-chain community.
Hopefully as more people want to work with us, it will be helfpful to have some web3 data to share with them and try to reward our community.
If that sounds good to you - you can mint our NFT here.
Thanks for rolling with us on this next stage of our journey.
Have a great day,
B
Disclaimer: The content covered in this newsletter is not to be considered as investment advice. It is for informational and educational purposes only.
I hold some of the NFTs mentioned in these newsletters