Just about everything that ESPN’s Stephen A. Smith said last night was incisive, spot-on, brilliant.

Posted on Axios on 1.19.25: “The $TRUMP memecoin — a financial asset that didn’t exist [last] Friday afternoon — now accounts for about 89% of Donald Trump’s net worth.

“Why it matters: The coin (technically a token that’s issued on the Solana blockchain) has massively enriched Trump personally, enabled a mechanism for the crypto industry to funnel cash to him, and created a volatile financial asset that allows anyone in the world to financially speculate on Trump’s political fortunes.”

Posted on The Byte, also on 1.19: “The whole thing reeks to high heaven. Trump’s crypto isn’t shooting up in value because of any intrinsic technical or business acumen; it’s doing so because investors believe — rightly, in all likelihood — that it will be a lucrative conflict of interest over the next four years.”