👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition:

• 🧠 SharpLink appoints Lubin, plans $1B ETH treasury

• 🪙 Atticus nears $2B valuation with stealth stablecoin

• 🏙️ NYC Comptroller rejects Mayor Adams’ BitBond proposal

• ⚡ IMF questions Pakistan’s 2,000 MW Bitcoin mining plan

• 🛡️ Jamie Dimon urges US to stockpile missiles, not Bitcoin

• 🇬🇧 Reform UK embraces crypto donations, proposes tax cuts

Let’s dive in.👇

Today’s Edition

📌 SharpLink Gaming Goes All-In on Ethereum with $1B Treasury Plan

Subheading: Sports-betting firm appoints Ethereum co-founder as chairman

SharpLink Gaming is making waves by announcing a $1 billion plan to build an Ethereum treasury, signaling a bold shift in corporate crypto adoption. The company has appointed Ethereum co-founder Joseph Lubin as its new chairman, further solidifying its commitment to the blockchain space. This move mirrors strategies employed by firms like MicroStrategy, but with a focus on Ethereum instead of Bitcoin.

• SharpLink plans to raise $1B through stock offerings to purchase ETH.

• Joseph Lubin's appointment aligns with the company's Ethereum-centric strategy.

• The initiative reflects growing institutional interest in Ethereum.

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📉 IMF Raises Concerns Over Pakistan's Bitcoin Mining Energy Allocation

2,000 MW plan questioned amid energy crisis

Pakistan's decision to allocate 2,000 megawatts of electricity for Bitcoin mining has drawn scrutiny from the International Monetary Fund (IMF). The IMF is concerned about the strain this could place on the country's already challenged energy infrastructure, especially during ongoing budget negotiations. The move aims to attract blockchain and AI firms, but it raises questions about feasibility and priorities.

• IMF seeks clarification on Pakistan's energy allocation for crypto mining.

• The plan coincides with nationwide energy shortages and fiscal challenges.

• Pakistan aims to position itself as a hub for blockchain and AI industries.

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📊 Atticus Nears $2B Valuation in Stealth Stablecoin Funding Round

Defense-tech mogul leads investment in crypto startup

Stealth-mode stablecoin startup Atticus is reportedly nearing a $2 billion valuation in a funding round led by Palmer Luckey, founder of defense-tech firm Anduril. The round also includes participation from Haun Ventures, highlighting the growing convergence between traditional finance and the crypto sector. Atticus aims to bridge the gap between stablecoins and mainstream financial

• Atticus's funding round underscores investor confidence in stablecoins.

• The startup remains in stealth mode, with limited public information available.

• The investment reflects a trend of defense and tech sectors entering crypto.

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NYC Comptroller Rejects Mayor Adams' Bitcoin-Backed Bond Proposal

Concerns over fiscal responsibility and legal risks

New York City Comptroller Brad Lander has rejected Mayor Eric Adams' proposal to issue municipal bonds backed by Bitcoin, citing concerns over financial stability and legal implications. Lander emphasized that such a move could jeopardize the city's credit rating and investor confidence. The rejection highlights the ongoing debate over integrating cryptocurrencies into public

• The "BitBond" proposal aimed to modernize NYC's financing methods.

• Lander's rejection reflects caution amid crypto market volatility.

• The decision underscores the challenges of adopting crypto in public sectors.

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Jamie Dimon Advises U.S. to Prioritize Defense Over Bitcoin Reserves

JPMorgan CEO emphasizes traditional assets for national security

At the Reagan National Economic Forum, JPMorgan CEO Jamie Dimon stated that the United States should focus on stockpiling military equipment and essential resources rather than investing in Bitcoin reserves. Dimon argued that national security depends on tangible assets like missiles and rare earth metals, not digital currencies. His comments come amid discussions on the role of cryptocurrencies in national financial strategies.

• Dimon has consistently expressed skepticism toward Bitcoin.

• He advocates for investment in physical assets critical to defense.

• The remarks highlight differing views on crypto's role in national policy.

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Degen Domain

Reform UK Embraces Crypto Donations and Proposes Tax Cuts

Political party aims to position UK as crypto-friendly nation

• Reform UK's policies could significantly impact the UK's crypto landscape.

• The party's stance contrasts with more cautious approaches from other parties.

• Farage's proposals have sparked debates on crypto regulation and adoption.

Full Story Here →