WEBVTT

1
00:00:00.320 --> 00:00:03.480
<v Speaker 1>Hey, it's Alex with the Token Metrics Daily Pulse for

2
00:00:03.560 --> 00:00:07.360
<v Speaker 1>May fifteenth, twenty twenty six. Saudi Arabia just made the

3
00:00:07.360 --> 00:00:10.640
<v Speaker 1>biggest bet on digital assets in history, while Bitcoin is

4
00:00:10.679 --> 00:00:13.960
<v Speaker 1>sliding below eighty thousand at the same time. Let's get

5
00:00:13.960 --> 00:00:17.800
<v Speaker 1>into it, but first a quick word from our sponsor. Okay,

6
00:00:17.839 --> 00:00:21.839
<v Speaker 1>So here's what's happening. Saudi Arabia is moving to put

7
00:00:21.879 --> 00:00:25.600
<v Speaker 1>its entire economy on the blockchain. We aren't talking about

8
00:00:25.600 --> 00:00:28.600
<v Speaker 1>a small test. They are taking real world assets like

9
00:00:28.640 --> 00:00:32.000
<v Speaker 1>property and trade and moving them on chain at a

10
00:00:32.079 --> 00:00:35.359
<v Speaker 1>massive scale. This matters because it's the first time a

11
00:00:35.399 --> 00:00:39.000
<v Speaker 1>wealthy nation has tried this. But the timing is tricky.

12
00:00:39.280 --> 00:00:42.799
<v Speaker 1>Bitcoin just slipped to seventy nine thousand and the market

13
00:00:42.840 --> 00:00:45.679
<v Speaker 1>mood is still stuck in fear. The biggest news for

14
00:00:45.759 --> 00:00:48.479
<v Speaker 1>long term adoption just landed right in the middle of

15
00:00:48.479 --> 00:00:53.079
<v Speaker 1>a market selloff. Looking at the numbers, Bitcoin is around

16
00:00:53.119 --> 00:00:56.240
<v Speaker 1>seventy nine thousand, which is the second time it's dipped

17
00:00:56.280 --> 00:00:59.960
<v Speaker 1>below eighty k this week. Ethereum is near twenty two hundred,

18
00:01:00.200 --> 00:01:03.679
<v Speaker 1>and Solana is at ninety. Everything is down about three percent.

19
00:01:04.239 --> 00:01:07.079
<v Speaker 1>The real takeaway here is a bigcoins share of the

20
00:01:07.079 --> 00:01:10.200
<v Speaker 1>total market is falling at the same time as its price.

21
00:01:10.480 --> 00:01:13.239
<v Speaker 1>Usually that means investors are pulling cash out of the

22
00:01:13.239 --> 00:01:16.560
<v Speaker 1>market entirely, rather than just moving it into smaller coins.

23
00:01:17.159 --> 00:01:20.840
<v Speaker 1>The Fear and Greed index is at forty three, which

24
00:01:20.879 --> 00:01:23.959
<v Speaker 1>is still fear. We saw a small jump in sentiment,

25
00:01:24.319 --> 00:01:27.519
<v Speaker 1>but without a real reason for it. That recovery feels

26
00:01:27.599 --> 00:01:31.840
<v Speaker 1>a bit shaky. So what's the big picture. We have

27
00:01:31.920 --> 00:01:36.959
<v Speaker 1>two main stories. First, the Saudi move to digitize their economy. Second,

28
00:01:37.280 --> 00:01:40.319
<v Speaker 1>a major crypto regulation bill just passed a big hurdle

29
00:01:40.319 --> 00:01:42.319
<v Speaker 1>in the Senate. These are great for the future of

30
00:01:42.359 --> 00:01:45.319
<v Speaker 1>the industry, but right we're seeing some short term pain.

31
00:01:45.959 --> 00:01:49.000
<v Speaker 1>Money is moving out of smaller scaling networks and some

32
00:01:49.079 --> 00:01:52.359
<v Speaker 1>of the biggest players are consolidating their tech. It's a

33
00:01:52.400 --> 00:01:55.239
<v Speaker 1>lot of mixed signals, which is why prices feel like

34
00:01:55.239 --> 00:01:59.120
<v Speaker 1>they're treading water. If we look at the total market cap,

35
00:01:59.359 --> 00:02:02.439
<v Speaker 1>we're sitting area around two point eight trillion dollars. It's

36
00:02:02.560 --> 00:02:05.359
<v Speaker 1>up about one percent this week, so the overall structure

37
00:02:05.400 --> 00:02:08.759
<v Speaker 1>is still holding up, but the momentum is definitely mixed.

38
00:02:09.240 --> 00:02:12.400
<v Speaker 1>The big question is whether the Saudi news can bring

39
00:02:12.479 --> 00:02:16.199
<v Speaker 1>in new buyers before some of the larger institutional holders

40
00:02:16.240 --> 00:02:19.680
<v Speaker 1>decide to sell. Alpha subscribers got the full setup and

41
00:02:19.879 --> 00:02:24.039
<v Speaker 1>risk levels for this in the monthly playbook tokenmetrics dot

42
00:02:24.080 --> 00:02:28.840
<v Speaker 1>Com fourteen days Free. We also had a win from

43
00:02:28.879 --> 00:02:32.639
<v Speaker 1>our automated signals this week. Back on May eleventh, the

44
00:02:32.680 --> 00:02:35.719
<v Speaker 1>system flagged a short term move for Ethereum to go up.

45
00:02:35.759 --> 00:02:38.439
<v Speaker 1>It was a quick fifteen minute window on polymarket and

46
00:02:38.479 --> 00:02:41.800
<v Speaker 1>it hit perfectly, resulting in a ninety four percent gain

47
00:02:41.840 --> 00:02:44.759
<v Speaker 1>on stake. It's a great example of how following the

48
00:02:44.840 --> 00:02:48.159
<v Speaker 1>data can help when the overall market feels uncertain. Signal

49
00:02:48.199 --> 00:02:53.360
<v Speaker 1>subscribers got this read ahead of consensus. Tokenmetrics dot Com

50
00:02:53.400 --> 00:02:58.000
<v Speaker 1>seven days Free. Let's look at the specific stories that

51
00:02:58.120 --> 00:03:01.919
<v Speaker 1>crypto bill I mentioned it to committee vote fifteen to nine.

52
00:03:02.280 --> 00:03:04.520
<v Speaker 1>That's a big deal because it shows support from both

53
00:03:04.520 --> 00:03:08.479
<v Speaker 1>political parties. However, there's a new fight over ethics and

54
00:03:08.560 --> 00:03:12.120
<v Speaker 1>political interests that could delay the final vote. If the

55
00:03:12.120 --> 00:03:15.759
<v Speaker 1>debate becomes about politics instead of the actual rules, the

56
00:03:15.800 --> 00:03:19.280
<v Speaker 1>bill could get weakened. We want clear rules, but a

57
00:03:19.319 --> 00:03:21.919
<v Speaker 1>bad set of rules might be worse than none at all.

58
00:03:22.800 --> 00:03:27.319
<v Speaker 1>Next four billion dollars just moved. A major project called

59
00:03:27.439 --> 00:03:31.240
<v Speaker 1>Lombard moved its assets away from layer zero and over

60
00:03:31.280 --> 00:03:33.879
<v Speaker 1>to chain link. This is the second time we've seen

61
00:03:33.919 --> 00:03:36.879
<v Speaker 1>a massive move like this recently. It shows that big

62
00:03:36.919 --> 00:03:41.759
<v Speaker 1>players are prioritizing security and proven tech over everything else.

63
00:03:42.360 --> 00:03:45.840
<v Speaker 1>Then their strategy. They are looking to buy back some

64
00:03:45.960 --> 00:03:48.439
<v Speaker 1>of their debt, and they might sell some bitcoin to

65
00:03:48.479 --> 00:03:51.479
<v Speaker 1>pay for it. Since they've been the most reliable buyer

66
00:03:51.479 --> 00:03:54.280
<v Speaker 1>in the market, even a small sale could remove the

67
00:03:54.319 --> 00:03:57.639
<v Speaker 1>safety net that investors have been counting on. Finally, the

68
00:03:57.639 --> 00:04:01.080
<v Speaker 1>CFO of Tether just made the UK Rich List with

69
00:04:01.159 --> 00:04:05.000
<v Speaker 1>a nine billion pound fortune. While regulators there are looking

70
00:04:05.039 --> 00:04:08.560
<v Speaker 1>into some political donations. It's just another reminder of how

71
00:04:08.599 --> 00:04:11.840
<v Speaker 1>much wealth is concentrating at the top of the infrastructure layer.

72
00:04:11.960 --> 00:04:14.719
<v Speaker 1>All right, before we get into the risks, quick word

73
00:04:14.759 --> 00:04:18.680
<v Speaker 1>from our sponsor. Okay, we're back. Let's talk about what

74
00:04:18.839 --> 00:04:22.759
<v Speaker 1>to watch for. The main risk right now is that

75
00:04:22.800 --> 00:04:26.199
<v Speaker 1>the market mood is fragile. That small jump in sentiment

76
00:04:26.240 --> 00:04:29.040
<v Speaker 1>we saw doesn't have much backing it, so one bad

77
00:04:29.079 --> 00:04:32.680
<v Speaker 1>headline could cause a bigger drop. The strategy situation is

78
00:04:32.720 --> 00:04:35.519
<v Speaker 1>the one to watch. If they stop being a constant

79
00:04:35.560 --> 00:04:38.519
<v Speaker 1>buyer and start selling, the market has to find a

80
00:04:38.560 --> 00:04:41.839
<v Speaker 1>new source of demand. Also, keep an eye on that

81
00:04:41.959 --> 00:04:44.560
<v Speaker 1>Senate bill. If it gets loaded with amendments that hurt

82
00:04:44.600 --> 00:04:48.040
<v Speaker 1>the centralized finance just to get it passed, it could

83
00:04:48.120 --> 00:04:51.199
<v Speaker 1>be a net negative for the industry. In short, the

84
00:04:51.279 --> 00:04:54.199
<v Speaker 1>long term news is great, but the short term floor

85
00:04:54.279 --> 00:04:58.040
<v Speaker 1>is looking a bit thin. For the week ahead, there

86
00:04:58.079 --> 00:05:01.480
<v Speaker 1>aren't many scheduled events. I'll be watching the news closely,

87
00:05:01.800 --> 00:05:04.800
<v Speaker 1>keep an eye out for any official filings from Strategy

88
00:05:04.800 --> 00:05:08.519
<v Speaker 1>about bitcoin sales, and watch for any updates on when

89
00:05:08.519 --> 00:05:11.439
<v Speaker 1>that Senate bill moves to a full vote. Those two

90
00:05:11.519 --> 00:05:15.480
<v Speaker 1>things will likely decide where we go from here. That's

91
00:05:15.519 --> 00:05:18.519
<v Speaker 1>the Pulse for May fifteenth. If you're not subscribed to

92
00:05:18.560 --> 00:05:22.399
<v Speaker 1>the podcast yet, hit that subscribe button. It takes two seconds.

93
00:05:22.519 --> 00:05:26.480
<v Speaker 1>This is educational content, not investment advice. Always do your

94
00:05:26.519 --> 00:05:29.240
<v Speaker 1>own research. I'm Alex. See you next time.