JUST IN: Coinbase CFO says they have a backup plan in case the Clarity Act fails in the Senate ๐
"If Clarity doesn't pass by Congress, we believe that we have a path via the SEC and the CFTC...we believe we'll be able to offer new products and services via the agencies."
Crypto markets are seeing massive inflows:
The largest crypto ETF, $IBIT, has attracted +$3.7 billion in inflows so far this quarter, putting it on track for its largest quarterly intake since Q3 2025.
So far in September, $IBIT has posted +$459.8 million in inflows, following +$3.0 billion in August, its largest monthly inflow since October 2025.
As a result, the fundโs assets under management (AUM) are up to $62.6 billion, near their highest level since mid-May.
Since the start of July, $IBITโs AUM has risen +$19.6 billion, or +46%.
The rotation back into crypto is accelerating.
GLOBAL BOND MARKET IS IMPLODING.
๐บ๐ธ US 2Y bond yield hits 4.38%, a 19-month high.
๐บ๐ธ US 5Y bond yield hits 4.53%, a 20-month high.
๐บ๐ธ US 10Y bond yield hits 4.79%, a 20-month high.
๐ฏ๐ต Japan 2Y bond yield hits 1.81%, a 31-year high.
๐ฏ๐ต Japan 5Y bond yield hits 2.26%, a 31-year high.
๐ฏ๐ต Japan 10Y bond yield hits 3%, a 30-year high.
๐ฏ๐ต Japan 20Y bond yield hits 3.90%, a 31-year high.
๐ฉ๐ช Germany 10Y bond yield hits 3.36%, a 15-year high.
๐ซ๐ท France 10Y bond yield hits 4.22%, an 18-year high.
๐ฎ๐น Italy 10Y bond yield hits 4.21%, a 3-year high.
๐ต๐น Portugal 10Y bond yield hits 3.71%, a 3-year high.
And all these new highs have happened this week only.
When one country bond yields go parabolic, it's their problem.
We havenโt seen anything like this since the 2008 financial crisis.
BREAKING: The odds of the Crypto CLARITY Act being signed into law this year are now just 14%.
The vote is scheduled for September 15.
If it fails to pass before the midterms, it could be delayed by another 2โ3 years, especially if Republicans lose control in the midterm elections.
BREAKING: Over $725,000,000,000 has been added to the crypto market since Bitcoin's current cycle bottom in June.
In two months, capital has been flooding back in.
๐จ ONE OF THE BIGGEST MACRO EVENTS OF THE YEAR IS 5 DAYS AWAY.
๐บ๐ธ Fed Chair Kevin Warsh speaks at Jackson Hole: Friday, August 28, 10:00 AM ET.
Current policy: 3.50%-3.75%
IF WARSH SIGNALS CUTS โ MARKETS RALLY HARD
IF WARSH STAYS HAWKISH โ MARKETS DUMP HARD
IF WARSH GIVES NOTHING โ EXPECT CHOP
Hedges are off, shorts are closed, and ETF flows have flipped positive.
What bitcoin:native needs now is confirmation at the Short-Term Holder Cost Basis at $69k; rejection there puts the lower demand shelf back in play.
Read the full Week On-Chain report๐
https://t.co/erjeVr0OYn