CLARITY Act misses March 1 deadline as banks & crypto remain deadlocked over stablecoin yield. The dispute blocks progress on stablecoin legislation, delaying potential institutional inflows.
finixyta
npub17gec...742j
The world of financial markets, blockchain, and digital currencies. https://www.patreon.com/c/NexusFinance
Critics argue Bitcoin's narrative was "hijacked" from peer-to-peer cash to "digital gold" after institutional interests (via MIT) funded core devs post-Bitcoin Foundation collapse. The shift to ETFs & custody raises questions about its original mission.
Wall Street sounds inflation alarm as Iran conflict sends oil surging & yields spiking. Yellen warns the Fed is "even more on hold," delaying rate cuts. Bitcoin rallied 5.7% on safe-haven flows, but sustained higher rates pose a challenge.
Strait of Hormuz effectively closed after Iran strikes, halting tanker traffic. Oil could hit $100-$120. Japan & South Korea most exposed, with LNG supplies at critical risk.
Strait of Hormuz effectively closed after Iran strikes, halting tanker traffic. Oil could hit $100-$120. Japan & South Korea most exposed, with LNG supplies at critical risk.
Ripple Prime (Hidden Road) joins the NSCC directory, a major step for institutional post-trade workflows. This could eventually route activity to the XRP Ledger, strengthening its role in institutional finance. XRP's price impact depends on execution.
Following US-Israel airstrikes, outflows from Iran's largest crypto exchange, Nobitex, spiked 700%. Several exchanges have gone offline, highlighting crypto's role as a financial lifeline in sanctioned economies, but also its vulnerability to infrastructure disruption.
As Iran conflict escalates, Bitcoin is holding up better than equities, trading near $66.5k after a volatile weekend. With Strait of Hormuz disrupted & oil spiking, the market faces a dual threat: inflation fears & delayed Fed cuts.
Arthur Hayes argues US-Iran conflict historically leads to Fed easing, which could boost Bitcoin. But he advises waiting for actual rate cuts before buying, as near-term volatility persists.
Strategy boosts STRC dividend to 11.50% to keep shares near par as Bitcoin's drawdown pressures MSTR stock. Signals a shift to preferred shares for capital raising over common equity dilution.
Over $572M in crypto tokens unlock this week. Watch Hyperliquid ($317M HYPE), RedStone ($6M RED), and Ethena ($4.2M ENA). These unlocks could increase volatility.
5 key US economic reports this week will shape Bitcoin sentiment: Manufacturing PMI, ADP, Services PMI, Jobless Claims, & NFP. Strong data = pressure; weak data = potential rally.
NYT obtained a draft of CZ's memoir detailing DOJ negotiations & SBF rivalry. CZ called it "free advertising." A "Freedom of Money" memecoin surged to $8.3M market cap, with suspected insider wallets profiting $781k.
FBI designates Iran a "State Sponsor of Wrongful Detention" over missing US citizens. Combined with heightened US military presence & Trump's Cuba comments, geopolitical risk spikes, sending Bitcoin down 3% to ~$65k.
US & Israel launch joint military strike on Iran, declaring a state of emergency. Bitcoin plunges 7% to $63k as investors de-risk amid fears of a broader regional war.
Morgan Stanley files for a national trust bank charter with the OCC to offer direct crypto custody to institutions. It's a major escalation, positioning the $9T bank as a direct competitor to crypto-native custodians like BitGo.
US-Israel strikes on Iran cause a $6.5M wipeout for one Polymarket trader and a $100k profit for another funded just hours before. This fuels insider trading speculation & intensifies political pressure on prediction markets.
CLARITY Act stalls in the Senate as banks & crypto firms remain deadlocked over stablecoin yield. White House pushed for a deal, but no resolution is in sight, blocking broader market structure reform.
S. Korea’s $1T pension fund (NPS) grew its Strategy (MSTR) stake by 20% in Q4 as BTC crashed, now sitting on estimated 44% losses across its 4 crypto stocks. Politicians pledged to allow direct crypto investment.
$8.72B in Bitcoin & Ethereum options expire today. With spot prices below max pain, a "pain trade" higher is possible. However, negative skew & lack of fresh capital suggest lingering fear, not confidence.