Washington Just Green‐lit the Dollar’s Digital Death Star

Hey  degen,

If you felt a rumble this week it wasn’t another exchange rug‑pull. It was Uncle Sam finally strapping a rocket to crypto instead of a ball‑and‑chain.

Congress passed the GENIUS Act, a shiny new law that turns dollar‑backed stablecoins into a patriotic duty.

In one stroke regulators went from “crypto bad” to “crypto mandatory,” and the global money game just hit extreme mode.

QUICK VIBE CHECK

Greed Index: 66 — we’re inching closer to neutral.

DEGENDEN PLUG — NOWPayments

Get Paid in Anything with NOWPayments

Running a shop, newsletter, SaaS, or side‑hustle?

NOWPayments lets you accept 200+ cryptos (BTC, ETH, stablecoins & more) with zero custody and instant auto‑conversion into the coin you actually want to hold.

• Plug‑and‑play widgets & invoices – live in minutes, no code sorcery required.

• Fiat‑settlement option – off‑ramp to USD/EUR if your accountant panics.

• Pay‑what‑you‑use fees – start at 0.5 %, drop as you grow.

• Donation & subscription tools – perfect for content creators and DAOs.

Degens call it “one click to stack sats.” CFOs call it “finally compliant.”
Either way, it just works.

👉Try it today!

🧃 THE RUNDOWN

Saylor Can’t Stop, Won’t Stop
MicroStrategy.. sorry, Strategy, upsized its share sale to $2 B just to buy more BTC. Treasury departments everywhere are beginning to look… under‑capitalized.

ETH Exit Lane = Parking Lot
Nine‑day queue to unstake. A cascade of leveraged stETH loops unwound, reminding us that DeFi remains the Wild West, now with valet service.

Alts Get Buzz‑Cut
The SEC iced Bitwise’s broad‑market ETF and risk money sprinted back to BTC/ETH. Dominance at 62 % and climbing. Everything else? See you at support.

Beijing Reads the Bill
PBoC insiders reportedly drafting a yuan‑backed offshore stablecoin to counter the GENIUS Act. Digital currency cold war, anyone?

MAIN EVENT

The Stablecoin Tsunami Starts in D.C.

For a decade, Capitol Hill treated crypto like an unruly cousin. This week they adopted the kid:

• GENIUS Act = federal permission slip for banks & corporates to mint fully‑reserved, dollar‑backed coins.

• Public, auditable, no Fed‑run CBDC.

• Every tokenized buck must sit on a matching U.S. Treasury, instant bid for government debt.

Translation: the U.S. just weaponized stablecoins to keep the dollar supreme while BRICS experiments with alternatives. Larry Fink is already salivating over “trillions.”

First movers:

• Anchorage × Ethena launching USDtb.

• Goldman & BNY tokenizing money‑market funds.

• Tether plotting a regulated comeback—irony in 4‑D.

And Bitcoin?

No longer the villain but now the granite foundation. Stablecoins will settle on rails secured by BTC’s hashpower; the harder the network, the safer the dollars.

QUICK HITS

• Half‑Billion Longs Nuked: One hour, $500 M evaporated. Hyper‑leverage remains undefeated.

• SEC vs. Index ETFs: Pause button reminds alts that Gary still has teeth.

• Strategy’s Stack: 600 k BTC = ~3 % of total supply. At what point do we rename halvings “Saylor events”?

PARTING SHOTS

Washington just fired the starter pistol on a digital‑dollar arms race.

Wall Street is sprinting; China is lacing up. Bitcoin shrugs, ETH traffic jams, and the rest of us watch regulators build Death Stars on‑chain while memecoins still burn down the kitchen.

See you in the next block.

– Dr. P & the DegenDen crew

Meme of the Week