In this episode of the Fere AI Morning Alpha Show, we track the return of Bitcoin whales, Ethereum's institutional rotation, and Pump.fun’s post-ICO power play — all while TradFi doubles down on stablecoins and tokenized assets.

Bitcoin is holding firm at $118K, backed by a 9-day ETF inflow streak led by BlackRock. Behind the scenes: Cantor’s $4B BTC SPAC, Bhutan’s $62M transfer to Binance, and a proposed quantum-proof address freeze mechanism now in public debate.

Meanwhile, Ethereum is creeping toward $3.4K, with SharpLink's ETH treasury at $225M, and Peter Thiel’s Founders Fund acquiring a 9.1% stake in an ETH-heavy treasury firm. ETH staking products are also gaining momentum across Kraken, Coinbase, and Liquid Collective.

It’s not just price action. Coinbase + Perplexity AI unveiled a new real-time crypto intelligence tool. Talos acquired Coin Metrics for $100M, signaling a consolidation wave in the data + execution stack. California even launched a crypto policy task force — with Ripple and Coinbase inside the room.

Memecoins? Still printing.
BONK +15%, PEPE +6%, and DOGE confirmed a bullish breakout. Post-ICO, PUMP hit $5.5B FDV and started buybacks with platform fees. Even Trump’s backing stablecoin bills while PENGU dominates CT engagement.

TradFi’s stablecoin push is now global:
Circle’s bank charter bid, Citi exploring issuance, MoonPay + Revolut bridging fiat, and Brazil, China, and Germany scaling tokenized experiments. On the RWA side, Tezos, Ondo, Solana, and even Dubai real estate on XRP Ledger are driving headlines.

Security and legal shakeups too:
The FBI + DEA seized $10M from the Sinaloa cartel, GMX’s hacker returned $40M of $42M stolen, and Tornado Cash’s Roman Storm heads to court.

Token-wise:
XRP nearing $3, HBAR up 12%, and XLM, ICP, ATOM, APT, SUI, FIL are all rotating. Arbitrum (ARB) got listed as supported collateral for PayPal’s PYUSD — a major nod to L2 legitimacy.

The market is moving from chaos to convergence — with whales, regulators, memecoins, and institutions now coexisting on-chain.