Crypto’s Biggest Liquidation Ever and ETH’s Existential Crisis | Token Narratives Ep. 38

The biggest liquidation event in crypto history just happened, wiping out billions—was it really $2B, or closer to $10B? The team dives into the wild market action, Bitcoin’s resilience, and whether ETH has hit a bottom or if it’s just getting started on its downtrend.
Then, we break down Trump’s aggressive tariff threats against Canada, Mexico, and China. Is this just the opening move in a larger game to devalue the USD and bring back American manufacturing? And what does that mean for Bitcoin, global markets, and risk assets?
Plus, we discuss the latest in Bitcoin adoption: South Dakota’s move toward holding BTC in reserves, the potential for a US sovereign wealth fund including Bitcoin, and the dramatic decline in BTC held on exchanges. Also on the agenda: Ethereum’s L2s out-profiting mainnet, ETH gas fees hitting rock bottom, and Bitcoin’s looming security budget crisis.
And finally… did John McAfee really ‘commit suicide’ or is this another Epstein situation?