00:00 Speaker A

The next story is actually a pretty interesting statistic because when you pair it with what’s happening on the other side of the market that I’ll tell you about, it’s pretty compelling.

00:09 Speaker A

So first, crypto spot volume hits 2.5 year low as the market quietly changes shape. So this is obviously since 2024. Crypto spot trading volume is at a historic low and at the same time, not a historic low, excuse me for two years.

00:30 Speaker A

Wall Street and crypto are cra- crashing into each other as tokenized Treasury market hits 14.6 billion dollars. Now, that was $750 million in 2024 over the same time frame.

00:54 Speaker A

So while we have spot volumes in crypto…