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<v Speaker 1>Hey, it's Alex with the Token Metrics Daily Pulse for

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<v Speaker 1>March sixth, twenty twenty six. Got a lot to cover

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<v Speaker 1>today and honestly, the vibe in the market just shifted

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<v Speaker 1>pretty significantly over the last twenty four hours. 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>So the big headline, Bitcoin just slipped back under seventy thousand,

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<v Speaker 1>sitting around sixty nine thousand, three hundred as we speak.

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<v Speaker 1>It's it's a bit of a gut punch because we

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<v Speaker 1>also saw the US economy lose ninety two thousand jobs

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<v Speaker 1>in February. Usually bad economic news makes people bet on

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<v Speaker 1>rate cuts, which is good for crypto, but today the

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<v Speaker 1>market just saw a recession risk and hit the sell button.

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<v Speaker 1>We also saw over two hundred million dollars flow out

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<v Speaker 1>of the ETFs in a single day. That's the worst

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<v Speaker 1>we've seen in weeks. Well. Looking at the rest of

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<v Speaker 1>the board, it's mostly read. Ethereum and Solana are both

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<v Speaker 1>down about five percent, with Solana hovering around eighty six dollars.

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<v Speaker 1>The total market cap is sitting at two point four trillion.

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<v Speaker 1>But here's the weird part. Even with the dip. The

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<v Speaker 1>AI narrative is actually up about six percent today. It's

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<v Speaker 1>like the only corner of the market that doesn't care

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<v Speaker 1>about the jobs report. Makes sense. Yeah, okay, So here's

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<v Speaker 1>the thing that actually caught me off guard today. The

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<v Speaker 1>parent company of the New York Stock Exchange. Yeah, the

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<v Speaker 1>big guys just invested in the crypto exchange OKX at

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<v Speaker 1>a twenty five billion dollar valuation. Look, this is a

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<v Speaker 1>massive signal. They aren't just playing with ETFs anymore. They're

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<v Speaker 1>literally buying the plumbing of the offshore crypto world. It's

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<v Speaker 1>a huge bet that the infrastructure is here to stay.

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<v Speaker 1>And speaking of big bets, Kazakhstan's Central Bank is moving

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<v Speaker 1>three hundred and fifty million dollars of their gold and

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<v Speaker 1>four x reserves into digital assets. Think about that, a

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<v Speaker 1>nation state is swapping literal gold for crypto tech. The

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<v Speaker 1>magic Internet money joke. Yeah, that's officially dead. On the

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<v Speaker 1>regulatory front, Jack Mallers and Strike finally got their New

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<v Speaker 1>York bit license. If you know anything about New York,

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<v Speaker 1>you know it's well, it's basically the final boss of

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<v Speaker 1>crypto regulation. This opens up one of the richest states

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<v Speaker 1>in the world to native bitcoin payments. It's a slow burn,

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<v Speaker 1>but it's a big win for adoption. Lastly, I have

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<v Speaker 1>to mention this Pudgy Penguins is getting sued for trademark infringement.

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<v Speaker 1>It's a reminder that even the blue chip NFT projects

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<v Speaker 1>aren't immune to old school legal headaches. We'll have to

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<v Speaker 1>see how that one shakes out. All right, before we

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<v Speaker 1>get into the risks, quick word from our sponsor. Okay,

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<v Speaker 1>we're back. Let's talk about what to watch for. So

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<v Speaker 1>what should you actually be worried about. First, there's the

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<v Speaker 1>regulatory capture risk. When Wall Street starts buying the exchanges,

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<v Speaker 1>the whole decentralized dream gets a bit complicated. Then there's

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<v Speaker 1>the macro correlation. Bitcoin is still trading like a tech stock.

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<v Speaker 1>When the economy looks shaky, Bitcoin drops. And finally, that

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<v Speaker 1>ETF concentration. We're seeing that when institutional investors get spooked,

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<v Speaker 1>they can move the price down just as fast as

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<v Speaker 1>they moved it up. And looking ahead, keep a close

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<v Speaker 1>eye on those ETF flows over the next forty eight hours.

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<v Speaker 1>We need to see if that two hundred million dollar

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<v Speaker 1>exit was a one time fluke or the start of

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<v Speaker 1>a trend. Also, polymarket is still giving bitcoin a sixty

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<v Speaker 1>percent chance of hitting seventy five K this month. Despite

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<v Speaker 1>the dip, Traders are basically betting this is just a

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<v Speaker 1>temporary stumble. By the way, if you want the full

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<v Speaker 1>written breakdown, check out our newsletter at Pulse dot Tokenmetrics

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<v Speaker 1>dot com. This is educational content, not investment advice. Always

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<v Speaker 1>do your own research. I'm Alex, See you next time.