Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: May fifteenth, twenty twenty six. Saudi Arabia just made the
Speaker 1: biggest bet on digital assets in history, while Bitcoin is
Speaker 1: sliding below eighty thousand at the same time. Let's get
Speaker 1: into it, but first a quick word from our sponsor. Okay,
Speaker 1: So here's what's happening. Saudi Arabia is moving to put
Speaker 1: its entire economy on the blockchain. We aren't talking about
Speaker 1: a small test. They are taking real world assets like
Speaker 1: property and trade and moving them on chain at a
Speaker 1: massive scale. This matters because it's the first time a
Speaker 1: wealthy nation has tried this. But the timing is tricky.
Speaker 1: Bitcoin just slipped to seventy nine thousand and the market
Speaker 1: mood is still stuck in fear. The biggest news for
Speaker 1: long term adoption just landed right in the middle of
Speaker 1: a market selloff. Looking at the numbers, Bitcoin is around
Speaker 1: seventy nine thousand, which is the second time it's dipped
Speaker 1: below eighty k this week. Ethereum is near twenty two hundred,
Speaker 1: and Solana is at ninety. Everything is down about three percent.
Speaker 1: The real takeaway here is a bigcoins share of the
Speaker 1: total market is falling at the same time as its price.
Speaker 1: Usually that means investors are pulling cash out of the
Speaker 1: market entirely, rather than just moving it into smaller coins.
Speaker 1: The Fear and Greed index is at forty three, which
Speaker 1: is still fear. We saw a small jump in sentiment,
Speaker 1: but without a real reason for it. That recovery feels
Speaker 1: a bit shaky. So what's the big picture. We have
Speaker 1: two main stories. First, the Saudi move to digitize their economy. Second,
Speaker 1: a major crypto regulation bill just passed a big hurdle
Speaker 1: in the Senate. These are great for the future of
Speaker 1: the industry, but right we're seeing some short term pain.
Speaker 1: Money is moving out of smaller scaling networks and some
Speaker 1: of the biggest players are consolidating their tech. It's a
Speaker 1: lot of mixed signals, which is why prices feel like
Speaker 1: they're treading water. If we look at the total market cap,
Speaker 1: we're sitting area around two point eight trillion dollars. It's
Speaker 1: up about one percent this week, so the overall structure
Speaker 1: is still holding up, but the momentum is definitely mixed.
Speaker 1: The big question is whether the Saudi news can bring
Speaker 1: in new buyers before some of the larger institutional holders
Speaker 1: decide to sell. Alpha subscribers got the full setup and
Speaker 1: risk levels for this in the monthly playbook tokenmetrics dot
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Speaker 1: our automated signals this week. Back on May eleventh, the
Speaker 1: system flagged a short term move for Ethereum to go up.
Speaker 1: It was a quick fifteen minute window on polymarket and
Speaker 1: it hit perfectly, resulting in a ninety four percent gain
Speaker 1: on stake. It's a great example of how following the
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Speaker 1: seven days Free. Let's look at the specific stories that
Speaker 1: crypto bill I mentioned it to committee vote fifteen to nine.
Speaker 1: That's a big deal because it shows support from both
Speaker 1: political parties. However, there's a new fight over ethics and
Speaker 1: political interests that could delay the final vote. If the
Speaker 1: debate becomes about politics instead of the actual rules, the
Speaker 1: bill could get weakened. We want clear rules, but a
Speaker 1: bad set of rules might be worse than none at all.
Speaker 1: Next four billion dollars just moved. A major project called
Speaker 1: Lombard moved its assets away from layer zero and over
Speaker 1: to chain link. This is the second time we've seen
Speaker 1: a massive move like this recently. It shows that big
Speaker 1: players are prioritizing security and proven tech over everything else.
Speaker 1: Then their strategy. They are looking to buy back some
Speaker 1: of their debt, and they might sell some bitcoin to
Speaker 1: pay for it. Since they've been the most reliable buyer
Speaker 1: in the market, even a small sale could remove the
Speaker 1: safety net that investors have been counting on. Finally, the
Speaker 1: CFO of Tether just made the UK Rich List with
Speaker 1: a nine billion pound fortune. While regulators there are looking
Speaker 1: into some political donations. It's just another reminder of how
Speaker 1: much wealth is concentrating at the top of the infrastructure layer.
Speaker 1: All right, before we get into the risks, quick word
Speaker 1: from our sponsor. Okay, we're back. Let's talk about what
Speaker 1: to watch for. The main risk right now is that
Speaker 1: the market mood is fragile. That small jump in sentiment
Speaker 1: we saw doesn't have much backing it, so one bad
Speaker 1: headline could cause a bigger drop. The strategy situation is
Speaker 1: the one to watch. If they stop being a constant
Speaker 1: buyer and start selling, the market has to find a
Speaker 1: new source of demand. Also, keep an eye on that
Speaker 1: Senate bill. If it gets loaded with amendments that hurt
Speaker 1: the centralized finance just to get it passed, it could
Speaker 1: be a net negative for the industry. In short, the
Speaker 1: long term news is great, but the short term floor
Speaker 1: is looking a bit thin. For the week ahead, there
Speaker 1: aren't many scheduled events. I'll be watching the news closely,
Speaker 1: keep an eye out for any official filings from Strategy
Speaker 1: about bitcoin sales, and watch for any updates on when
Speaker 1: that Senate bill moves to a full vote. Those two
Speaker 1: things will likely decide where we go from here. That's
Speaker 1: the Pulse for May fifteenth. If you're not subscribed to
Speaker 1: the podcast yet, hit that subscribe button. It takes two seconds.
Speaker 1: This is educational content, not investment advice. Always do your
Speaker 1: own research. I'm Alex. See you next time.