- HYPE TRAIN
- Posts
- I'M LIVE FROM TORONTO - HERE'S WHAT I HEARD
I'M LIVE FROM TORONTO - HERE'S WHAT I HEARD
International Bitcoin Code Switches Into Memecoins + Rise of American Bitcoin + White Boy Summer
Hype Train
May 16, 2025
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
IM LIVE FROM TORONTO!!
BITCOIN’S INTERNATIONAL CODE?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 1:20 pm EST on May 16th
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $104,380 | $2.1 Trillion | +0.3% |
$ETH | $2,591 | $312 Billion | -0.1% |
$SOL | $171.94 | $89 Billion | -1.1% |
HYPE INDEX🐐
$12.86 | $2.5 Billion | -1.2% | |
$0.000002086 | $1.6 Billion | -7% | |
$1.26 | $1.2 Billion | -6.9% | |
$1.07 | $1 Billion | +0.1% | |
$0.4765 | $466 Million | -7.5% | |
$0.0000001092 | $426 Million | -4.3% | |
$0.0277 | $266 Million | +7.1% | |
$0.0301 | $30 Million | +1.1% |
INTERNATION BITCOIN CODE🫡
$XBT | $0.02703 | $26.5 Million | +36,978% |
$XBT, a memecoin playing off Bitcoin’s international currency code, surged 36,978% to a $25 million market cap shortly after launch. XBT has long been used across Crypto Twitter handles and branding, giving it a built-in identity and community before the token even existed. Now, the coin brings those users together under one ticker. While BTC is Bitcoin’s common symbol, XBT aligns with ISO standards, making it a recognizable tag in formal financial systems. The meme taps into that legacy and network effect, positioning itself as a unifying force for crypto’s most widespread acronym.
IM IN TORONTO🗣
I am at Consensus 2025 in Toronto, so I figured to to share some thoughts on what I heard. Eric Trump declared that global institutions are rushing to accumulate Bitcoin, citing conversations with sovereign wealth funds, top companies, and family offices. Promoting his new venture, American Bitcoin, Trump described the digital asset as superior to traditional real estate, highlighting its portability, liquidity, and alignment with modern finance. The company is entering public markets through a reverse merger with Gryphon Digital Mining, with shares spiking over 200% after the announcement. The merged entity will trade on Nasdaq under ABTC, aiming to mine BTC at a third of its current market price using low cost US energy through Hut 8’s infrastructure.
Meanwhile, US stablecoin legislation has stalled. The GENIUS Act failed a procedural Senate vote on May 8, with some Democrats citing Trump’s increasing influence in crypto as a concern. However, crypto advocates remain optimistic. Cody Carbone of the Digital Chamber expects the bill to pass soon, calling it essential for preserving US dollar dominance. Industry insiders say a revised version, stripped of Trump references, could clear the Senate by the end of May. Thanks for listening to my Consensus Recap on some panels.
"We're taking the industry by storm!" 🚀
@EricTrump shares the ambition behind American Bitcoin and $USD1 in an exclusive interview backstage at @consensus2025.
— CoinDesk (@CoinDesk)
7:10 PM • May 15, 2025
MEME OF THE DAY
on track for one of the best white boy summers of all time
— big content guy (@bigcontentguy)
2:05 AM • May 16, 2025
HOT NEW COINS (24 Hr)📈
$FARTSIGHT | $0.0003685 | $816 Thousand | +936% |
Introducing our REFERRAL PROGRAM:
Collect rewards for sharing HYPE TRAIN with your friends, coworkers, family, and even random people!
That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.