Bankless Nation, welcome to the weekly roll-up.

Each week I'm bringing on a different co-host to help me go through the news.

And this week, I have the pleasure of being joined by Alex Thorne, the head of research at Galaxy Digital.

Alex, happy Friday.

Really happy to have you here today.

Yeah, great to see, David.

I mean, what a crazy, exciting time.

I'm excited for the roll-up because there's a lot of wild news happening in markets and in crypto. So this should be a fun one.

Yeah, two very big things that really marked the last week are the fact that just markets are down bad. Total crypto market cap is now below $3 trillion. Bitcoin is now below $85,000,, which I mean, 85,000 is still pretty high,

but it's been above 90,000 for a long time now. And so it has broken through that 90,000

number. What's going on? What caused this? We're going to talk about that. Also, the largest

hack in crypto's history, by bit, a $1.5 billion hack exploit by North Korea. So we're going to

talk about how that happened and how everyone is responding to this. In addition to all of this,

though, there's definitely some good news on the horizon as well. A wave of lawsuits dropped by the

SEC. Four different U.S. crypto companies got the all clear from the SEC. We'll talk about

all the reactions to those different lawsuits getting dropped. And then also some regulatory capture

going down in D.C., which stable coin company is playing dirty. We're going to talk about all of that

and more. But maybe I just want to get Alex's take here on the markets. Trump confirmed that 25% tariffs

are going to be imposed upon all Canadian and Mexican imports. In addition to that, consumer

confidence plunged in February amid rising economic concerns, which you would make it make me

think that the traditional equities market really took a beating.

And it wasn't green.

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