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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 tenth, twenty twenty six. Got a lot to cover today,

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<v Speaker 1>but first a quick word from our sponsor. Okay, so

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<v Speaker 1>here's what's happening. Micro Strategy is back at it, dropping

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<v Speaker 1>another one twenty eight billion dollars on bitcoin. Meanwhile, the

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<v Speaker 1>DOJ is pushing hard for a Tornado cash retrial. And

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<v Speaker 1>if you're watching the all coin space, data availability tokens

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<v Speaker 1>are absolutely tearing it up today. Looking at the boards,

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<v Speaker 1>things are actually looking pretty green across the majors. Bitcoin

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<v Speaker 1>is hovering right around seventy k up a few percent,

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<v Speaker 1>Ethereum is sitting near two thousand, and Solana is pushing

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<v Speaker 1>eighty six bucks, both up just a bit as well.

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<v Speaker 1>But the real action, it's all in the narratives. Data

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<v Speaker 1>availability tokens surge nearly twenty percent. AI tokens are up

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<v Speaker 1>about fifteen percent over the last week. It's pretty clear

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<v Speaker 1>that infrastructure and AI are just pulling all the oxygen

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<v Speaker 1>out of the room right now, leaving legacy DeFi in

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<v Speaker 1>the dust. All right, let's talk about the elephant in

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<v Speaker 1>the room. Michael Sailor, micro Strategy just scooped up another

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<v Speaker 1>one twenty eight billion dollars in bitcoin, And you know

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<v Speaker 1>what's wild. While analysts are out here sweating over liquidity

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<v Speaker 1>zones and resistance, Sailor is just relentlessly stacking at seventy K.

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<v Speaker 1>This isn't even trading anymore. It's a corporate black hole

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<v Speaker 1>that's just swallowing the circulating supply. Keep an eye out

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<v Speaker 1>to see if they file another eight K this week,

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<v Speaker 1>because their pace is just staggering now shifting gears to

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<v Speaker 1>something a bit heavier. The USDJ is pushing for an

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<v Speaker 1>October retrial for Tornado Cash developer roman Storm. This one. Honestly,

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<v Speaker 1>this one is a huge deal. The government is basically

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<v Speaker 1>doubling down on the idea that writing code equals criminal conspiracy.

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<v Speaker 1>If deploying a smart contract makes you liable for how

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<v Speaker 1>criminals use it down the line, the entire DeFi stack

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<v Speaker 1>is suddenly standing on a legal land mine. And speaking

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<v Speaker 1>of headwinds, we need to talk about the macro picture.

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<v Speaker 1>Analysts are warning that bitcoin's next big move might not

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<v Speaker 1>even come from crypto. It's increasingly tied to oil, treasury

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<v Speaker 1>yields and what the Fed decides to do. We're back

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<v Speaker 1>in the macro passenger seat. Guys, polymarket is pricing a

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<v Speaker 1>FED rate cut by April at just twelve percent, so

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<v Speaker 1>that easy money narrative. Yeah, it's on live support. Crypto

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<v Speaker 1>is trading like a high beta tech stock again, which

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<v Speaker 1>means we're all at the mercy of Jerome Powell. On

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<v Speaker 1>the flow side of things, South Korea just liquidated about

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<v Speaker 1>twenty one million dollars in recovered bitcoin after a custody breach. Look,

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<v Speaker 1>twenty one million is a drop in the bucket for

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<v Speaker 1>daily volume, but it highlights a growing trend. Governments are

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<v Speaker 1>becoming active market participants, and this is forced selling, completely

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<v Speaker 1>divorced from technicals or market sentiment. Finally, let's touch on

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<v Speaker 1>DeFi insurance. With billions locked up in ethereum, the lack

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<v Speaker 1>of robust on chain insurance is glaring. Institutional capital just

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<v Speaker 1>won't touch unheedged smart contract risk, the protocols that figure

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<v Speaker 1>out how to underwrite this without going bankrupt. During the

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<v Speaker 1>next major exploit, they are going to capture a massive premium.

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<v Speaker 1>All right, before we get into the risks, quick word

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<v Speaker 1>from our sponsor. Okay, we're back. Let's talk about what

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<v Speaker 1>to watch for. So what should you actually be worried

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<v Speaker 1>about right now. First off, that macro correlation is tightening again.

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<v Speaker 1>When Bitcoin's price action depends entirely on oil and the FED,

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<v Speaker 1>our cryptonative catalysts just lose their punch. Second, developer liability

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<v Speaker 1>is expanding. That DOJ push against Tornado Cash threatens the

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<v Speaker 1>very foundation of open source development. And lastly, physical security.

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<v Speaker 1>A couple in France just lost a million dollar bitcoin

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<v Speaker 1>to a wrench attack by fake police. It's a grim

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<v Speaker 1>reminder that your digital opsec means absolutely nothing if your

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<v Speaker 1>physical security is compromised. Looking ahead to the rest of

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<v Speaker 1>the week, keep a close eye on the courts regarding

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<v Speaker 1>that Tornado Cash retrial request. The ruling there is going

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<v Speaker 1>to set a major precedent. Also, track those ten year

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<v Speaker 1>treasury yields and crude oil prices. They are your leading

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<v Speaker 1>indicators right now for any macro headwinds hitting risk assets.

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<v Speaker 1>That wraps it up for today. If you got something

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

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<v Speaker 1>That's the best way to support us. This is educational content,

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<v Speaker 1>not investment advice. Always do your own research. I'm Alex,

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<v Speaker 1>see you next time.