CMC Market Pulse: Robinhood Summer
BTC +3.65%, ETH +3.43%. Market cap grinds up to $2.19T as risk appetite returns.
Robinhood Chain goes parabolic on the back of memecoin mania.
Let's break down this week's top crypto narratives.
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EXPLAINED: 📊 Bitcoin found strength last week despite the freshly released FOMC minutes revealing a divided Fed and Strategy selling $216 million in BTC. Does Bitcoin retaking $64,000 confirm the bulls are back?
With all of that in the background, what should we expect for the
LATEST: ⚡ Starkware co-founder Eli Ben-Sasson warns Ethereum could lose its edge and be overtaken by "something more modern and better," arguing its roadmap moves too slowly.
LATEST: 🇺🇸 Arthur Hayes says money will flow into crypto with or without the CLARITY Act: "Nobody cares about compliance. It's all about how much money you can make."
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LATEST: 🇺🇸 Shark Tank’s Kevin O'Leary says his Washington contacts put the CLARITY Act's odds of passing this year at 50/50, warning the Iran war could distract lawmakers from finishing the bill.
LATEST: 🏦 Standard Chartered's Geoff Kendrick expects to see 10-20x more announcements within the next 3-12 months about TradFi institutions plugging into DeFi.
LATEST: 📈 Strategy CEO Phong Le says 100% of financial institutions will eventually have a Bitcoin strategy, 75% of nation-states will have a BTC strategic reserve, and 50% of individuals will hold Bitcoin.
EXPLAINED: 👤 What would happen if Bitcoin creator Satoshi Nakamoto returned?
Satoshi’s wallets hold an estimated 1.1 million Bitcoin, worth ~$70B and representing more than 5% of the BTC that will ever exist. With that in mind, arguably the most bullish thing Satoshi could do