# Altcoin Pain at 5-Year High… Reversal Next? #CryptoTownHall

Page: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/altcoin-pain-at-5-year-high-reversal-next-cryptotownhall
Text version: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/altcoin-pain-at-5-year-high-reversal-next-cryptotownhall.md
Podcast: [The Wolf Of All Streets](https://stenobird.com/podcast/the-wolf-of-all-streets-1215618)
Published: 2026-06-18T09:50:00+00:00
Episode link: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA5422168249.mp3
Audio file: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA5422168249.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wolf-of-all-streets-1215618/episodes/altcoin-pain-at-5-year-high-reversal-next-cryptotownhall
Duration seconds: 2876

## Resource

In this episode, the panel dissects Illinois’ sweeping new tax on digital assets—crypto, stablecoins, prediction markets, and tokenized stocks—that could gut CME Bitcoin futures liquidity, hammer market makers, and spark dormant-commerce-clause lawsuits. They analyze Hyperliquid’s surge, the Spacex perp’s unlock volatility, and how perps trading 3-10x spot volume amplify moves; the Spacex IPO’s capital drain (only 4% float, massive August–December unlocks); altcoin pops like Uniswap and Zcash amid rock-bottom Bitcoin volatility and AI-coin bids; privacy coins versus rising wealth taxes; Fed rate-path risks; tokenized-asset disconnects; SBF’s “VC lottery” luck; casino lobbying against sports prediction markets; and why a quiet, hated-rally summer market may reward smart positioning. Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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