Speaker 1: Tuesday, August fourth. If you've been away from the desk
Speaker 1: for a week, here's what you missed. Blackrock just launched
Speaker 1: two treasury funds on ethereum, a major bank is staking
Speaker 1: ether for yield, and cold Card just told users to
Speaker 1: move their bitcoin. This isn't a rerun. You're catching up
Speaker 1: on the real story and it's moving fast. But first,
Speaker 1: a quick word from our sponsor. Okay, so here's what's happening.
Speaker 1: Blackrock just put two treasury funds on Ethereum, Strategies sold
Speaker 1: Bitcoin below its cost basis, and cold Card is telling
Speaker 1: users to move their funds. Now, Bitcoin's holding around sixty
Speaker 1: three thousand, up a few percent, Ethereum's near eighteen seventy,
Speaker 1: Solana's bounced to about seventy four. Total market caps hovering
Speaker 1: near two point two trillion, with bitcoins still dominating at
Speaker 1: about fifty eight percent. DeFi total value, locks flat and
Speaker 1: stable coins supply barely budged in the past day. But
Speaker 1: here's the thing. Fear and greed is sitting at twenty
Speaker 1: five extreme fear. That's a big gap from the price action.
Speaker 1: Markets are calm, but people are nervous, which means the
Speaker 1: calm might not last first, Blackrock launched two tokenized treasury
Speaker 1: funds on Ethereum BSDTLLL and BRSRV. This is a big
Speaker 1: deal because it's a major asset manager using blockchain for
Speaker 1: real world finance. The funds are already drawing interest, and
Speaker 1: one's up nearly thirty percent. Why this matters. It shows
Speaker 1: institutions are starting to treat ethereum not just as a
Speaker 1: trading platform, but as a backbone for global finance. That
Speaker 1: could change how people think about the network. Second, Strategies
Speaker 1: sold over one thousand, six hundred bitcoin below where they
Speaker 1: bought it around sixty four thousand per coin. That's like
Speaker 1: a landlord selling their house for less than they paid.
Speaker 1: They use the cash to fund dividends and buy back
Speaker 1: STRAT shares. Bird stocks up twenty four percent from its
Speaker 1: June low. But here's the signal. Selling spot to sport
Speaker 1: paper is a red flag, not a strategy. If Bitcoin
Speaker 1: stays under sixty four thousand and STRAT slips under eighty,
Speaker 1: the story starts to unravel. Third, Cold Card is warning
Speaker 1: users to move their funds a flaw in its twenty
Speaker 1: twenty one firmware has drained over one hundred and fifteen
Speaker 1: million dollars from self custodied wallets, about one thousand, six
Speaker 1: hundred bitcoins stolen from thousands of addresses. This is the
Speaker 1: self custody equivalent of finding out your safe has a
Speaker 1: master key under the doormat. Hardware wallets were supposed to
Speaker 1: be the bunker. Now they're the breach, the takeaway. If
Speaker 1: your wallet hasn't been updated, move your coins. Trust is broken. Fourth,
Speaker 1: Italy's largest bank, in Tessa San Paolo, tripled its staked
Speaker 1: ether ETF position to about seven million dollars. It's cutting
Speaker 1: back on bitcoin ETFs. This isn't a huge dollar move,
Speaker 1: but it's a canary in the coal mine. When banks
Speaker 1: start chasing staking yield, they're not betting on price, They're
Speaker 1: betting on ethereum as a productive asset. If more Eurozone
Speaker 1: banks follow, it could shift the whole ethereum versus bitcoin narrative. Fifth,
Speaker 1: a Dubai exchange tied to Iran sent binance nearly seven
Speaker 1: hundred million dollars. Reuters traced it to unlicensed flows, including
Speaker 1: access to Iran's central bank and a massive gambling network.
Speaker 1: This is the crypto version of a smuggler using a
Speaker 1: flagship bank as a mail drop regulatory heat on exchanges.
Speaker 1: Just got a fresh log to throw on the fire.
Speaker 1: If Binance faces new compliance probes in the next month,
Speaker 1: expect frozen corridors or delistings. Six South African lawmakers propose
Speaker 1: draft rules to regulate cross border crypto. Think of it
Speaker 1: as building a customs checkpoint on the blockchain highway. It
Speaker 1: could legitimize adoption, or it could add friction that pushes
Speaker 1: volume to peer to peer. The takeaway watch for public consultation.
Speaker 1: If it happens, exchanges will adjust. If it stalls, nothing changes,
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. First, fear and greed is at twenty
Speaker 1: five extreme fear, yet bitcoin rows a few percent in
Speaker 1: market state calm. That split usually resolves with a sharp move. Second,
Speaker 1: stable coin supply barely changed over the past week, trimming
Speaker 1: available cash while DeFi total value lockeds flat, less AMMO
Speaker 1: for a rally. Third, buyers are picky because stable coin
Speaker 1: liquidity is shrinking and trust in self custody took a hit.
Speaker 1: That flips if tokenized fund inflows broaden, and fear and
Speaker 1: greed climbs above forty five in the next week. The
Speaker 1: takeaway is this the calm is thin, one broken trust,
Speaker 1: one bad flow, and it's over. First, fallout from the
Speaker 1: US Japan yen intervention could hit in the next seven days.
Speaker 1: Joint action may spike bond yields and pull liquidity from
Speaker 1: risk assets like bitcoin, watch USD pairs. Second, the coal
Speaker 1: cart exploit may have a fourth wave near one hundred
Speaker 1: and thirty million dollars If confirmed by Friday, expect a
Speaker 1: wave of hardware wallet migration to exchanges. Third, Federal Reserve
Speaker 1: press signals in the next week could reset risk appetite.
Speaker 1: Any talk of rates or liquidity changes will ripple through crypto.
Speaker 1: We've added new filters to the signal score dashboard. You
Speaker 1: can now track institutional flows in real time, including ETF's
Speaker 1: and tokenized fund and flows. It's live in the discord
Speaker 1: and in the newsletter. By the way, if you want
Speaker 1: the full written breakdown, check out our newsletter at tokenmetrics
Speaker 1: dot com. This is educational content, not investment advice. Always
Speaker 1: do your own research. I'm Alex, See you next time.