The Bullish News You Missed While Markets Crashed

End of tariffs and meme coins plus AI billions and chlorinated chicken

NFA Podcast

Apr 13, 2025

Transcript

Summary

While global markets tumbled under the weight of Trump’s new tariffs, this episode of the NFA Podcast cuts through the panic to spotlight the bullish stories buried under the headlines. Nish and Frackers start with the week’s rollercoaster in crypto and tech stocks, comparing the sharp drops in Ethereum and Solana to a surprisingly resilient Bitcoin. Nish explains how the meme coin engine Pump.fun has lost steam, while Michiel shares horror stories from past crashes, and pension fund absurdities.

Then, in the most underreported bullish news of the year: OpenAI quietly raised $40 billion, Mira Murati is going for $2 billion at a $10 billion valuation, and Ilya Sutskever's Safe Superintelligence is targeting a $30 billion valuation with Alphabet and Nvidia on board. But none of them seem to have functional websites.

Plus:

• Binance founder CZ’s next move is advising Pakistan and Kyrgyzstan on blockchain adoption

• Trump’s pro-crypto SEC pick Paul Atkins is approved

• Ripple’s SEC lawsuit nears its endgame

• Europe and China flirt over electric vehicles to counter US tariffs

• And yes, the UK might end up with chlorinated chicken as a reward for trade realignment

The show ends with predictions: Frackers sees a cautious market rebound, Nish calls it sideways. But both remain long-term bullish, still think there will be a Bitcoin all-time high this year.

Keywords

crypto, market trends, investment, tariffs, AI, blockchain, pension funds, media influence, Bitcoin, Ethereum, CZ, Broadcom, Pump.fun, meme coins, Mira Murati, Sam Altman, Ilya Sutskever, Jony Ive, SEC, Paul Atkins, Andreessen Horowitz