240,000x Revenue Valuations — The Crypto Speculation Trap | Ep 507

Will opens with TA — Bitcoin coiled, oil pushing through $100, Hyperliquid finally selling off (anything below $35 is a good DCA, in his view). He hands off to Alex around 22 minutes. From there it's solo Alex on the new Clarity Act draft. Page 209 to 309 is the part everyone's been waiting for, and it does what TI 020 warned about: passive yield is banned. Banks win — there's now no incentive for a depositor to move money from a savings account to a Kraken stablecoin balance to earn yield, because the stablecoin can't legally pay it. The bank lobby got what they wanted. A few crypto companies that feel secure enough have already stopped fighting.Then the Jito JTX Trade recap: a few weeks after the Accelerate announcement, the reception has been strong. Jito built most of the underlying infrastructure that any Solana trading platform would use anyway — they're the natural builders. Reference link for early access is in the circle. After that, Evan's spine-of-the-episode thesis: most cryptos are publicly traded representations of companies that make no money. Some are 'priced like a company worth 240,000 times its annual revenue' — that's not investing, that's pure speculation. Walk-through on DeFi Llama: Solana's app revenue is $4M/day. Ethereum: $1.5M. Hyperliquid: $1.7M. SWE: $35K. The investment case writes itself.Plus: why XRP/Ripple gets disproportionate treatment in the new bill draft, why Aerodrome on Base is undervalued, the KelpDAO bridge exploit fallout, and a serious answer on Chainlink ('undervalued' is the right read, but the token has weak revenue translation).Powered by Arculus Wallet — getarculus.com, promo code ARCURUMS10.Powered by Jito — stake your SOL at https://www.jito.network/staking/.RUMS Purple WalletWant the safest way to store your crypto? The Arculus cold storage wallet keeps your assets completely offline, away from exchanges, away from hackers, and fully in your control. Get your exclusive RUMS x Arculus cold storage wallet today!Crypto Payment  ·  Card PaymentSupport the show— Want to hang out with us after the show, get live answers to your questions, or join future giveaways? Join our free community where the show lives 24/7: community.rumshq.com—☕ THE RISE UP MORNING SHOW☀️LIVE Monday - Thursday @ 7a centralHelpful web3 news, commentary, & answers to your crypto questions.🍻RISE UP AFTER DARK🌗 LIVE Wednesdays @ 7p centralDYOR and BYOB for casual Q&A, fun with expert guests, and altcoin research.📈RISE UP MARKET WATCH🤑LIVE Mondays @ 7p centralTechnical analysis, real macro insight, and practical takeaways to help you invest smarter in every market.⚖️ TRUST ISSUES 🧐 LIVE Tuesdays @ 6:30p centralBreaking down U.S. crypto policy, regulation, and legislation—what they mean for the industry and what comes next.—WANT MORE?👉Connect w/us on your favorite social: https://rumshq.com👉Become a guest or sponsor: [email protected]👉Join our free community: https://community.rumshq.comFOLLOW OUR HOSTS:☮️ Evan Mann: https://beacons.ai/conversationswithevan🤬 Alex Popovic: https://alexpopovic.info🐬 Will Watson: https://c...