Crypto’s Biggest Liquidation Ever, Tariff Wars, and ETH’s Existential Crisis | Token Narratives Ep. 38

The biggest liquidation event in crypto history just happened, wiping out billions—was it really $2B, or closer to $10B? The team dives into the wild market action, Bitcoin’s resilience, and whether ETH has hit a bottom or if it’s just getting started on its downtrend.Then, we break down Trump’s aggressive tariff threats against Canada, Mexico, and China. Is this just the opening move in a larger game to devalue the USD and bring back American manufacturing? And what does that mean for Bitcoin, global markets, and risk assets?Plus, we discuss the latest in Bitcoin adoption: South Dakota’s move toward holding BTC in reserves, the potential for a US sovereign wealth fund including Bitcoin, and the dramatic decline in BTC held on exchanges. Also on the agenda: Ethereum’s L2s out-profiting mainnet, ETH gas fees hitting rock bottom, and Bitcoin’s looming security budget crisis.And finally… did John McAfee really ‘commit suicide’ or is this another Epstein situation?