Speaker 1: Hey, it's Alex with a Token Metrics Daily Pulse for
Speaker 1: March third, twenty twenty six. Got a lot to cover today.
Speaker 1: The President is actually taking names over stable coins and
Speaker 1: honestly the macro picture. But first, a quick word from
Speaker 1: our sponsor. Okay, so here's what's happening. Is giving everyone
Speaker 1: a bit of a reality check. Look, the biggest story
Speaker 1: right now is happening in DC US. President Donald Trump
Speaker 1: just publicly went after the banking industry. Why because they're
Speaker 1: trying to gut the Genius stable Coin Bill. This is
Speaker 1: it's basically the final Boss five for crypto integration. Banks
Speaker 1: are finally waking up to the fact that if crypto
Speaker 1: firms can offer yield bearing stable coins, traditional savings accounts
Speaker 1: look like an absolute joke. Trump actually taking crypto's side
Speaker 1: over traditional banks. That is a massive shift in lobbying power. Meanwhile,
Speaker 1: the Clarity Act is just sitting there stalled in the Senate.
Speaker 1: So we are fighting a two front legislative battle right now.
Speaker 1: How is the market handling all this drama. Honestly, it's
Speaker 1: pretty quiet out there. Bitcoin is chopping around sixty eight thousand,
Speaker 1: five hundred dollars basically flat on the day, Ethereum is
Speaker 1: sitting just under two thousand, down a few percent. Solana
Speaker 1: is holding steady around eighty seven bucks. The total market
Speaker 1: cap is hovering right around two point four trillion dollars.
Speaker 1: Majors are just bleeding slowly. But and this is the
Speaker 1: interesting part, capital is rotating into niche infrastructure. The data
Speaker 1: availability narrative is up over eleven percent this week, hitting
Speaker 1: a two point three billion dollar market cap. Smart money
Speaker 1: is quietly buying the picks and shovels that make roll
Speaker 1: ups work even while the rest of the market looks weak.
Speaker 1: When Ethereum drops, but data availability tokens pump double digits,
Speaker 1: it tells you exactly where venture capital is hiding its
Speaker 1: dry powder. Okay, so here's the bigger picture on where
Speaker 1: that liquidity is actually going. AVE V three is completely
Speaker 1: dominating DeFi lending right now. It is cementing its status
Speaker 1: as the liquidity black hole of crypto. In a market
Speaker 1: where yields are compressing, capital just flies to safety. AVE
Speaker 1: isn't even just a protocol anymore. It's doing its best
Speaker 1: impression of a systemic global bank, just without the marble
Speaker 1: columns and the taxpayer bailouts. If AVE keeps growing while
Speaker 1: the rest of DeFi stagnates. That confirms everyone is just
Speaker 1: hiding in blue chip safety. And speaking of liquidity, the
Speaker 1: macro faucet is looking pretty dry. Prediction markets are pricing
Speaker 1: an apri FED rate cut at just eleven point five percent.
Speaker 1: The market's spent the last six months hallucinating a Douvish FED,
Speaker 1: and now the hangover is here. Crypto is a liquidity sponge.
Speaker 1: When rates stay high, the sponge dries up. That perfectly
Speaker 1: explains why bitcoin is stuck chopping instead of breaking out
Speaker 1: to new highs. But you know what's wild. We get
Speaker 1: so caught up in ETF flows and dc SEE politics
Speaker 1: that we forget the original thesis. The chair of Africa
Speaker 1: Bitcoin Corp. Just came out and said, what on chain
Speaker 1: data has been whispering for months? Locals and emerging markets
Speaker 1: prefer setoshi's to dollars when you have double digit inflation.
Speaker 1: Bitcoin isn't some tech stock proxy. It's a life raft
Speaker 1: that is actual real world adoption, not just Wall Street
Speaker 1: trading paper derivatives. If peer to peer premiums in Africa
Speaker 1: keep diverging from global spot prices, it means local demand
Speaker 1: is completely outpacing the available supply. So all right, before
Speaker 1: we get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for. What
Speaker 1: should you actually be worried about. First off, that macroreality check.
Speaker 1: Crypto relies on cheap liquidity to fuel risk on behavior.
Speaker 1: Without a dovish FED, we just don't have a clear
Speaker 1: catalyst for a broad market rally right now. Second, keep
Speaker 1: an eye on that ave dominance. When capital concentrates in
Speaker 1: blue chip lending protocols, it tells you investors are prioritizing
Speaker 1: capital preservation over making new money. Longtail DeFi is starving
Speaker 1: for liquidity. And finally, do not ignore the traditional finance pushback.
Speaker 1: If banks successfully neuter stable coins through these Genius Act negotiations,
Speaker 1: DeFi loses its absolute best weapon for onboarding retail users.
Speaker 1: Here's what's on my radar for the next few days. Obviously,
Speaker 1: those senate negotiations on the Genius and Clarity Acts are
Speaker 1: top of the list. If banks strip the yield provisions
Speaker 1: from stable coins, that's a heavy hit. We're also watching
Speaker 1: the US state party primaries kicking off this week. This
Speaker 1: is the first real test to see if these massive
Speaker 1: pro crypto super PACs can actually unseat anti crypto politicians
Speaker 1: at the ballot box. And of course, keep watching those
Speaker 1: polymarket odds for the April FED meeting. If that eleven
Speaker 1: percent probability drops even lower, expect risk appetite to shrink
Speaker 1: with it. By the way, if you want the full
Speaker 1: written breakdown of everything we talked about, check out our
Speaker 1: newsletter at Pulse dot tokenmetrics dot com. This is educational content,
Speaker 1: non investment advice. Always do your own research. I'm Alex,
Speaker 1: See you next time.