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<v Speaker 1>Monday, August seventeenth. Here is what makes today a bit dangerous.

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<v Speaker 1>MSCI might be about to blow up the bitcoin treasury trade.

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<v Speaker 1>This summer calm we are seeing it might be a

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<v Speaker 1>bit of a trap. By the end of this you

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<v Speaker 1>will know exactly who is on the hook as regulators

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<v Speaker 1>start looking closer at the biggest crypto hordes. But first

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<v Speaker 1>a quick word from our sponsor. Okay, so here's what's happening.

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<v Speaker 1>The company micro Strategy bought zero bitcoin last week. Instead,

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<v Speaker 1>they put one hundred and fifty million dollars into their

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<v Speaker 1>cash reserves. This comes just as MSCI is thinking about

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<v Speaker 1>kicking them out of global indexes, which would force big

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<v Speaker 1>passive funds to sell. Bitcoin is holding steady around sixty

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<v Speaker 1>three thousand dollars, while Ethereum is sitting near nineteen hundred.

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<v Speaker 1>The total market cap is at two and a quarter trillion.

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<v Speaker 1>Bitcoin still makes up about fifty six percent of the market.

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<v Speaker 1>Looking at DeFi, the total value locked is around seventy

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<v Speaker 1>five billion. Stable Coin supply is flat at three hundred

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<v Speaker 1>eight billion, growing less than one percent, and that Fear

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<v Speaker 1>and Greed index it is down to thirty one. People

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<v Speaker 1>are definitely feeling the fear right now. Tokenized assets is

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<v Speaker 1>the strongest narrative today, up about one hundred and eleven

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<v Speaker 1>percent over seven days. Circle Internet Group Onto Tookenized stock

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<v Speaker 1>is the top coin in that sector, up a few

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<v Speaker 1>percent over seven days. Money is moving across sectors, not

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<v Speaker 1>one pocket first up. MSCI is looking at dropping MicroStrategy

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<v Speaker 1>and Metaplanet from its global indexes. Why because they do

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<v Speaker 1>not really operate a business in the traditional sense. They

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<v Speaker 1>mostly just hold bitcoin. If this goes through by mid October,

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<v Speaker 1>expect a lot of force selling from index funds. If

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<v Speaker 1>it fails, the treasury trade stays alive. Next, the occ

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<v Speaker 1>gave a conditional green light to World Liberty Trust for

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<v Speaker 1>their USD one stable coin. This lets a Trump linked

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<v Speaker 1>group takeover issuance from bitgo. It is a big step

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<v Speaker 1>for crypto companies acting like banks, but Senate Democrats are

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<v Speaker 1>already pushing back. If it gets final approval in thirty days,

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<v Speaker 1>it becomes a federally watched asset. Third, Austria just handed

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<v Speaker 1>out the first penalty under the new MICA rules. They

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<v Speaker 1>find bit Panda seventy thousand euros for marketing issues. It

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<v Speaker 1>is a small amount, but it shows the rules are

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<v Speaker 1>finally being enforced. If we see more of these, expect

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<v Speaker 1>exchanges to get a lot pickier about what they list. Fourth,

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<v Speaker 1>bitcoin options are still expensive. Traders are paying a premium

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<v Speaker 1>for protection, which tells us they are worried about a

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<v Speaker 1>surprise move. It is like buying hurricane insurance when there

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<v Speaker 1>is only a light breeze. Finally, the Minor Hive just

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<v Speaker 1>signed a three hundred and fifty million dollar AI cloud deal.

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<v Speaker 1>Miners are moving into AI compute to survive very thin margins.

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<v Speaker 1>It is a way to protect themselves if bitcoin prices

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<v Speaker 1>stay weak. If more miners do this, the pressure on

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<v Speaker 1>the network might ease up. All right, before we get

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<v Speaker 1>into the risks, quick word from our sponsor. Okay, we're back.

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<v Speaker 1>Let's talk about what to watch for. The risk map

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<v Speaker 1>is flashing a few warnings. First, that fear index at

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<v Speaker 1>thirty one combined with expensive options means the crowd is

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<v Speaker 1>braced for a drop. Second, stable coin growth is basically flat,

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<v Speaker 1>so there is no new fuel for a big rally. Third,

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<v Speaker 1>between the MEKA fines and the occ moves, the rules

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<v Speaker 1>are changing fast. The bottom line, buyers are being careful

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<v Speaker 1>because we are in a bear market and liquidity is

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<v Speaker 1>very thin. That only changes if we see stable coin

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<v Speaker 1>supply jump or if MSCI decides to leave the bitcoin

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<v Speaker 1>hoarders alone. Keep an eye on three things this week.

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<v Speaker 1>There is a meeting at the White House with crypto

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<v Speaker 1>CEOs that Trump is expected to attend that could signal

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<v Speaker 1>where policy is headed. Then there are the rolling FED

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<v Speaker 1>press releases, which always move the needle on risk. And finally,

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<v Speaker 1>watch for market insights from Galaxy to see if the

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<v Speaker 1>big institutional desks are buying or selling. If you got

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<v Speaker 1>something out of this, send it to a friend who's

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<v Speaker 1>into crypto. That's the best way to support us. This

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<v Speaker 1>is educational content, not investment advice. Always do your own research.

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<v Speaker 1>I'm Alex, See you next time.