Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: March tenth, twenty twenty six. Got a lot to cover today,
Speaker 1: but first a quick word from our sponsor. Okay, so
Speaker 1: here's what's happening. Micro Strategy is back at it, dropping
Speaker 1: another one twenty eight billion dollars on bitcoin. Meanwhile, the
Speaker 1: DOJ is pushing hard for a Tornado cash retrial. And
Speaker 1: if you're watching the all coin space, data availability tokens
Speaker 1: are absolutely tearing it up today. Looking at the boards,
Speaker 1: things are actually looking pretty green across the majors. Bitcoin
Speaker 1: is hovering right around seventy k up a few percent,
Speaker 1: Ethereum is sitting near two thousand, and Solana is pushing
Speaker 1: eighty six bucks, both up just a bit as well.
Speaker 1: But the real action, it's all in the narratives. Data
Speaker 1: availability tokens surge nearly twenty percent. AI tokens are up
Speaker 1: about fifteen percent over the last week. It's pretty clear
Speaker 1: that infrastructure and AI are just pulling all the oxygen
Speaker 1: out of the room right now, leaving legacy DeFi in
Speaker 1: the dust. All right, let's talk about the elephant in
Speaker 1: the room. Michael Sailor, micro Strategy just scooped up another
Speaker 1: one twenty eight billion dollars in bitcoin, And you know
Speaker 1: what's wild. While analysts are out here sweating over liquidity
Speaker 1: zones and resistance, Sailor is just relentlessly stacking at seventy K.
Speaker 1: This isn't even trading anymore. It's a corporate black hole
Speaker 1: that's just swallowing the circulating supply. Keep an eye out
Speaker 1: to see if they file another eight K this week,
Speaker 1: because their pace is just staggering now shifting gears to
Speaker 1: something a bit heavier. The USDJ is pushing for an
Speaker 1: October retrial for Tornado Cash developer roman Storm. This one. Honestly,
Speaker 1: this one is a huge deal. The government is basically
Speaker 1: doubling down on the idea that writing code equals criminal conspiracy.
Speaker 1: If deploying a smart contract makes you liable for how
Speaker 1: criminals use it down the line, the entire DeFi stack
Speaker 1: is suddenly standing on a legal land mine. And speaking
Speaker 1: of headwinds, we need to talk about the macro picture.
Speaker 1: Analysts are warning that bitcoin's next big move might not
Speaker 1: even come from crypto. It's increasingly tied to oil, treasury
Speaker 1: yields and what the Fed decides to do. We're back
Speaker 1: in the macro passenger seat. Guys, polymarket is pricing a
Speaker 1: FED rate cut by April at just twelve percent, so
Speaker 1: that easy money narrative. Yeah, it's on live support. Crypto
Speaker 1: is trading like a high beta tech stock again, which
Speaker 1: means we're all at the mercy of Jerome Powell. On
Speaker 1: the flow side of things, South Korea just liquidated about
Speaker 1: twenty one million dollars in recovered bitcoin after a custody breach. Look,
Speaker 1: twenty one million is a drop in the bucket for
Speaker 1: daily volume, but it highlights a growing trend. Governments are
Speaker 1: becoming active market participants, and this is forced selling, completely
Speaker 1: divorced from technicals or market sentiment. Finally, let's touch on
Speaker 1: DeFi insurance. With billions locked up in ethereum, the lack
Speaker 1: of robust on chain insurance is glaring. Institutional capital just
Speaker 1: won't touch unheedged smart contract risk, the protocols that figure
Speaker 1: out how to underwrite this without going bankrupt. During the
Speaker 1: next major exploit, they are going to capture a massive premium.
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. So what should you actually be worried
Speaker 1: about right now. First off, that macro correlation is tightening again.
Speaker 1: When Bitcoin's price action depends entirely on oil and the FED,
Speaker 1: our cryptonative catalysts just lose their punch. Second, developer liability
Speaker 1: is expanding. That DOJ push against Tornado Cash threatens the
Speaker 1: very foundation of open source development. And lastly, physical security.
Speaker 1: A couple in France just lost a million dollar bitcoin
Speaker 1: to a wrench attack by fake police. It's a grim
Speaker 1: reminder that your digital opsec means absolutely nothing if your
Speaker 1: physical security is compromised. Looking ahead to the rest of
Speaker 1: the week, keep a close eye on the courts regarding
Speaker 1: that Tornado Cash retrial request. The ruling there is going
Speaker 1: to set a major precedent. Also, track those ten year
Speaker 1: treasury yields and crude oil prices. They are your leading
Speaker 1: indicators right now for any macro headwinds hitting risk assets.
Speaker 1: That wraps it up for today. If you got something
Speaker 1: out of this, send it to a friend who's into crypto.
Speaker 1: That's the best way to support us. This is educational content,
Speaker 1: not investment advice. Always do your own research. I'm Alex,
Speaker 1: see you next time.