Weekly Recap
1) SEC approves Nasdaq rule to allow tokenized stocks & securities trading.
2) Senators reach deal with White House to resolve crypto stablecoin yield dispute with banks.
3) SEC and CFTC issue joint guidance confirming "most crypto assets" are not securities.
4) PayPal officially enables stablecoin access in 70 countries.
5) SEC Chair Paul Atkins says "crypto markets and the millions of Americans who participate in them deserve long-overdue clarity."
6) CFTC Chair Mike Selig says crypto will power the "new frontier of finance" as markets "move on chain."
7) SEC Chair Paul Atkins says he's eliminating impractical rules to "advance, clarify, and transform" financial markets.
8) US national debt reaches new all-time high of $39 trillion.
9) Elon Musk's xAI recruiting Wall Street bankers, portfolio managers, and traders to train Grok on financial modeling.
10) Fed Chair Jerome Powell warns rising energy prices from US-Israeli war with Iran will drive inflation higher.
🏦DeFi disrupting TradFi was a farfetched notion less than a decade ago. Not anymore.
Today, @rkbaggs was joined by @wagmiAlexander, CEO of @DromosLabs and a core contributor to @AerodromeFi/@VelodromeFi. The two went deep on why it's such an exciting time for DeFi!
🚨 BITCOIN GETS COMMODITY STATUS
Kind of...
SEC and CFTC just signaled that Bitcoin, Ethereum, Solana, and XRP are commodities, not securities.
This matters because it puts crypto closer to gold than stocks and removes a huge layer of regulatory fear.
But it is not law yet. The CLARITY Act still needs to lock this in permanently.
My take
This is soft approval, not final clarity
Enough to bring capital in
Not enough to remove political risk
The window just opened
But it can still close
🚨 ALERT: Resolv Labs' USR stablecoin loses its peg after an attacker exploits its contract to mint 80 million tokens, cashing out at least $25 million.
WE SAW THE BIGGEST BULL RUN IN HISTORY AFTER COVID CRASH
THE LAST MONTHS WAS WORSE THAN COVID CRASH
I HAVE NEVER BEEN SO BULLISH
LONG YOUR FUCKING LONGS
BIGGEST. BULL. RUN. STARTING. NOW
@Bitcoin $70K range still acting as a key level watching for the next move 👀
Consolidation around $70K… breakout or fakeout?
BTC hovering at a decision zone. What’s your bias?
@Cointelegraph Markets rotate where the liquidity is 👀 commodities stepping up while crypto cools off but we all know how fast that narrative can flip. Smart money stays flexible.