The Rise Up Morning Show

240,000x Revenue Valuations — The Crypto Speculation Trap | Ep 507


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Will opens with TA — Bitcoin coiled, oil pushing through $100, Hyperliquid finally selling off (anything below $35 is a good DCA, in his view). He hands off to Alex around 22 minutes. From there it's solo Alex on the new Clarity Act draft. Page 209 to 309 is the part everyone's been waiting for, and it does what TI 020 warned about: passive yield is banned. Banks win — there's now no incentive for a depositor to move money from a savings account to a Kraken stablecoin balance to earn yield, because the stablecoin can't legally pay it. The bank lobby got what they wanted. A few crypto companies that feel secure enough have already stopped fighting.


Then the Jito JTX Trade recap: a few weeks after the Accelerate announcement, the reception has been strong. Jito built most of the underlying infrastructure that any Solana trading platform would use anyway — they're the natural builders. Reference link for early access is in the circle. After that, Evan's spine-of-the-episode thesis: most cryptos are publicly traded representations of companies that make no money. Some are 'priced like a company worth 240,000 times its annual revenue' — that's not investing, that's pure speculation. Walk-through on DeFi Llama: Solana's app revenue is $4M/day. Ethereum: $1.5M. Hyperliquid: $1.7M. SWE: $35K. The investment case writes itself.


Plus: why XRP/Ripple gets disproportionate treatment in the new bill draft, why Aerodrome on Base is undervalued, the KelpDAO bridge exploit fallout, and a serious answer on Chainlink ('undervalued' is the right read, but the token has weak revenue translation).


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Powered by Jito — stake your SOL at https://www.jito.network/staking/.


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