Why Coin and Circle Fell

We examine the proposed Clarity Act and its impact on stablecoin yields and crypto finance. Ryan and David discuss geopolitical tensions in Iran and their effects on global markets. 

Highlights include Tom Lee's ETH staking venture, the NYSE's stock tokenization, and emerging quantum computing developments. We also touch on Coinbase’s stock dip, Tether’s auditing, and Fannie Mae's acceptance of crypto as collateral.

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TIMESTAMPS & RESOURCES

0:00 Intro

3:29 Macro & Markets (Oil, War, Fed)

https://x.com/WhiteHouse/status/2035516932498030879

https://x.com/WhiteHouse/status/2036053106081902692

https://x.com/KobeissiLetter/status/2036811133915455745

https://x.com/KobeissiLetter/status/2037023604697710673

https://x.com/KobeissiLetter/status/2035862840284688507

https://x.com/Stocktwits/status/2036859288572862887

https://www.theblock.co/post/394878/bernstein-says-bitcoin-looks-bottomed-sees-226-upside-for-strategy

https://fred.stlouisfed.org/series/UMCSENT

https://thedefireport.io/research/markets-are-complacent#views-on-macro-oil-geopolitics

23:12 The Clarity Act and Stablecoin Yields

https://x.com/EleanorTerrett/status/2036279124382077137

https://x.com/nic_carter/status/2036469040684646844

https://x.com/Matt_Hougan/status/2036931850292387929

https://x.com/pete_rizzo_/status/2036420229543206962

https://x.com/StockSavvyShay/status/2036449942060015818

37:15 Tether Developments and Market Reactions

https://x.com/paoloardoino/status/2036428992195039699

https://x.com/nicrypto/status/2036387424620904893

https://x.com/BrendanPedersen/status/2036857950367567951

https://x.com/Shaughnessy119/status/2036876676852752674

https://polymarket.com/event/clarity-act-signed-into-law-in-2026/?via=bankless

40:55 Tokenizing Stocks: NYSE's New Partner

https://x.com/WSJ/status/2036411699633250532

https://x.com/BSCNews/status/2035019819238506993

45:54 Crypto-Backed Mortgages

https://x.com/zoomerfied/status/2037130261469462914

https://x.com/0xNairolf/status/2037149525022806030

https://x.com/DollarDecay/status/2037183407273161104

47:30 Ethereum's Staking Infrastructure Launch

https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-launch-of-mavan-made-in-america-validator-network-the-companys-proprietary-staking-solution-302724419.html

55:37 Stablecoins and Their Limitations in Freedom

https://x.com/aave/status/2036828379043787194

https://pq.ethereum.org/

https://x.com/charliesmirkley/status/2035364269873881322

https://www.theunseenandtheunsaid.com/p/the-great-american-tax-migration

58:30 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures