Happy Thursday!

Eric Trump promised us an “unbelievable” Q4 for crypto — and unbelievable it was. But could his prediction still come true when the crypto market structure bill passes?

The Senate has delayed this bill, even though the president said he is looking forward to signing it into law. What is going on?

Plus, in the latest episode of Marketopolis, host Matt Joanou speaks with Box ($BOX) CEO and Co-Founder Aaron Levie about leadership, learning curves, and building in the AI era. Levie recounts an early investing blunder and how it shaped his long-term view on risk and strategy. He explains why Box’s embrace of AI isn’t a pivot, but a powerful expansion of its mission to unlock the hidden value of enterprise data. 

TOP STORY

Eric Trump's Predicted Q4 Crypto Rally Never Happened — Could The Market Structure Bill Still Deliver It?

Eric Trump's prediction of an "unbelievable" Q4 for crypto was a bust — Bitcoin dropped 20% instead.

Now, he's blaming big banks for stalling the market structure bill to protect their wire transfer profits.

With Coinbase pulling support and the Senate delaying a vote until March, the legislative catalyst the market was banking on is on ice.

MARKETOPOLIS SPOTLIGHT

Building Box In The AI Age: Aaron Levie On Risk, Resilience, And The Public Markets

In the latest episode of Marketopolis, host Matt Joanou speaks with Box ($BOX) CEO and Co-Founder Aaron Levie about leadership, learning curves, and building in the AI era. Levie recounts an early investing blunder and how it shaped his long-term view on risk and strategy. He explains why Box’s embrace of AI isn’t a pivot, but a powerful expansion of its mission to unlock the hidden value of enterprise data. 

The conversation also dives into the realities of going public, why an IPO is just the beginning, and how AI is transforming Box’s products, operations, and vision for the future of work.

QUICK N DIRTY

Bitcoin, Ethereum, XRP are once again trading around their trusted levels of $90,000 and $3,000 and $1.90: here’s what’s moving markets today.

Cathie Wood remains bullish despite Bitcoin’s multi-month slow decline. Here’s why she expects the shallowest four-year cycle downtrend so far.

TikTok Coins! Never heard of them before? You should have, because they are apparently the new meta for memecoins.

FINTECH FOCUS

Trump Hailed Crypto Bill As Stepping Stone To Financial Freedom — So Why Did The Senate Delay Until March?

President Trump called it the path to "financial freedom," but the Senate just hit the pause button.

The Banking Committee has delayed the crypto market structure bill until March, pivoting to housing legislation as election fears mount.

With Coinbase pulling support over stablecoin disputes and the Ag Committee moving forward without bipartisan backing, the regulatory clarity traders were betting on is stuck in legislative limbo.

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