John Gillen - WartimeEthereum.eth

ex BlackRock VP | Host of @MilkRoadDaily Podcast | WartimeEthereum.eth

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Stay safe, stay educated, and stay bullish

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

👀

[Elon Musk @elonmusk]

@zerohedge That would be an honor

[William Mougayar @wmougayar]

Masterclass essay on ETH as a Programmable SoV.
ETH is a programmable store of value.
No issuer. No balance sheet behind it. Nobody’s liability. In a decade it went from zero to half a trillion at its peak, and it still holds a quarter trillion in a bear market.
Next phase: onboard the world.
https://t.co/HDEpD0e02Y

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

@JSeyff @VentureCoinist 😂
🤝

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

@JSeyff @VentureCoinist Can you guarantee that you WON'T !?

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Things going up this week:

- Inflation
- Treasury yields
- Odds of a December rate hike
- My conviction in crypto

HIGHER FOR LONGER

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

The timeline's newest reason to panic about $ETH: a wallet linked to the Ethereum Foundation sold 2,000 ETH in two days

That's about $4.2M. On Monday, a wallet that hadn't moved in more than two years pulled 34,601 ETH off Binance, about $74M, or roughly 17x what the EF-linked wallet sold

Even counting its October sales, the EF-linked wallet has sold about 4,785 ETH since Oct 26, around $10.6M in total

Its latest 1,000 went at about $2,025, near this week's low. Bold strategy, Cotton

Meanwhile, the buyers were busy:

1. One borrowed $22M of USDT on @aave and used it to buy about $21.5M of ETH

2. Two more addresses spent about $9M on 4,312 ETH

3. @santimentfeed counts 630+ stETH transfers of $100K or more a day, the longest stretch at that level since April

4. Tom Lee's @BitMNR bought again, like it has every week since June 2025

Not every big holder is buying. Ali Martinez's data shows ETH whales cut about 17,800 ETH last week

Still, the selling that made headlines is small, and the buying underneath it is a lot bigger

Tom Lee said it well: "the languishing of $ETH price, while disappointing, is arguably more a reflection of the impatience of markets"

I think patient money is buying what impatient money is selling, and I want to be on the patient side of that trade

Believe in somETHing

Want to know what I'm buying while everyone else is selling? That's what Milk Road PRO is for

Try Milk Road PRO for $1 for 7 days, link in bio: @BitcoinJesusETH

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Bitcoin just had its fifth losing week in a row, and Germany's biggest bank picked this week to start holding $BTC and $ETH for clients

@DeutscheBank switched on its digital asset custody service today for paying institutional and corporate clients. It's run out of Frankfurt, it can serve clients across Europe, and it covers bitcoin, ether and three stablecoins: USDC, EURC and EURAU

The bank also signed an agreement with its own fund arm, Deutsche Asset Management, which runs about $1.36 trillion, to explore tokenized money market funds, crypto ETCs and stablecoins

Paul Maley, who runs the bank's trust and securities business, said the goal is "a fully integrated, regulated ecosystem that supports the custody, tokenisation, and settlement of digital assets"

Deutsche Bank's crypto custody plans first came out in 2021. For a 156-year-old bank, going live five years later is basically a speedrun

For a lot of European institutions, "our bank can't hold it" was the easiest excuse not to own bitcoin and ether. I think Deutsche Bank just took that excuse away

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Bitcoin has no CEO $BTC

[Chris Barrett @ChrisBarrett]

Finance × AI only works if the standard layer is already decided.

Chalom’s word for that layer was Chainlink.

https://t.co/ZBEFzFE6uk

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

@_julianma FASTER 💪

[Julian @_julianma]

I'm so insanely excited about Ethereum. This is the moment. Ethereum has been investing in security and post quantum readiness for years and years and it is about to pay off

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

About 50 companies, including SpaceX, Amazon and Tesla, blocked their stocks from being tokenized on OKX ICE

Backpack CEO Armani Ferrante's reaction: "people said the exact same thing about stablecoins"

His test: wake up five years from now. Are all stocks trading 24/7, globally, on crypto rails?

"The answer is, like, almost certainly yes"

FT @armaniferrante @Backpack @BitcoinJesusETH

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Our job at Milk Road PRO is to find crypto winners before the market does. We were early to $AERO (+46.9%), $UNI (+44.9%), and $SKY (+38.9%).

Don't miss the next one.

Try Milk Road PRO for $1 for 7 days
https://t.co/fNzDgFAKGb

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Anyone can buy an $ETH ETF, says SharpLink CEO Joe Chalom, "including the ones that we launched" at BlackRock

"But not everyone can make the ETH maximally productive"

SharpLink is "over 99% deployed and staked," with permanent capital "like a sovereign wealth fund"

His case for holding long term: ETH is "gonna be the settlement layer for all of finance"

FT @joechalom @SharpLink @BitcoinJesusETH

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

On Friday, a day after $ETH fell about 8%, only about 4,320 ETH was waiting in line to unstake. About 987,000 ETH was waiting in line to stake

The gap is still more than 100 to 1

I think ETH holders are digging in

The ticker is $ETH

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Options traders on Derive now see a 31% chance that $BTC is under $70K on Christmas. A week ago it was 15%

The odds of $80K or higher fell to 26% from 53%, and puts made up 55% of the premium traded there last week, up from 36%

Derive CEO Nick Forster pointed to one wallet that spent about $14K protecting 300 BTC against a drop below $60K by Nov 27. If bitcoin falls under $50K, that bet pays up to $3M

The Grinch has entered the options market

Leverage is piling up too. K33 says open interest in bitcoin perps is around 353,000 BTC, and it's only been higher on 1.2% of trading days in the past two years

K33's Vetle Lunde called the market "ripe for a squeeze." He said a breakdown could set off long liquidations, and a recovery could force shorts to cover

After a hot CPI week, this many traders are paying for the same crash at the same time. I think that makes the squeeze more likely to go...up?

Maybe Bitcoin will start crashing higher? : D

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

@JSeyff @VentureCoinist Join Milk Road PRO for just a buck! : D

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Full episode with @joechalom: https://t.co/WgeagUuvlh

[ETHGlobal @ETHGlobal]

“ETH is a store of value. ETH is money.”
– @VitalikButerin

A notable moment from Pragma Mumbai, where Vitalik shared how his thinking on ETH's role has evolved.

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Our job at Milk Road PRO is to find crypto winners before the market does. We were early to $AERO (+46.9%), $UNI (+44.9%), and $SKY (+38.9%).

Don't miss the next one.

Try Milk Road PRO for $1 for 7 days
https://t.co/fNzDgFAKGb

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

About 50 companies, including SpaceX, Amazon and Tesla, blocked their stocks from being tokenized on OKX ICE

Backpack CEO Armani Ferrante's reaction: "people said the exact same thing about stablecoins"

His test: wake up five years from now. Are all stocks trading 24/7, globally, on crypto rails?

"The answer is, like, almost certainly yes"

FT @armaniferrante @Backpack @BitcoinJesusETH

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

DTCC. NYSE. Nasdaq. SWIFT.

Andrew McCormick of @chainlink Labs calls them "black holes," in a good way.

Once the DTCC moves into tokenization, "all their hundreds, if not thousands, of broker dealers... have to go that direction."

"I don't think there's any way you're putting that genie back in the bottle."
https://t.co/tZi759zNfH
@milkroaddaily

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Our job at Milk Road PRO is to find crypto winners before the market does. We were early to $AERO (+46.9%), $UNI (+44.9%), and $SKY (+38.9%).

Don't miss the next one.

Try Milk Road PRO for $1 for 7 days
https://t.co/fNzDgFAKGb

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

Fed governor Christopher Waller said a half-point rate hike should be on the table in December if core inflation ran hot

Core came in right at his line yesterday, and the 10-year Treasury yield went straight back to 5%

Waller chose violence

$BTC slipped under $73K and bounced back to about $73.7K

I think a fifty-basis-point hike by the Fed would be a severe policy mistake

But the bigger mistake would be ignoring the fact that the Fed will never be able to tame inflation, which makes the case for $BTC stronger, even if the chart doesn't agree YET