CMC Market Pulse: Oil and Inflation Back in Play
BTC -4.36%, ETH -1.58%. Market cap slides 2.95% to $2.63T as Strait of Hormuz tensions and rate hike fears hit risk assets, while tokenized stocks keep gaining ground.
Let's break down this week's top crypto narratives 🧵
LATEST: 🤖 Cathie Wood says David Sacks makes a good case that "AI will kill humanity" headlines were orchestrated, originating from a dormant X account belonging to an Anthropic employee who quit after 6 weeks.
LATEST: ⚡ Bittensor’s TAO expanded to Robinhood Chain through Forever Money’s bridge, built on Chainlink CCIP, following its launch on Base last month.
LATEST: 🇺🇸 Trump reportedly met with advisers on Friday to discuss ethics provisions in the CLARITY Act ahead of Tuesday' Senate procedural vote, per Politico.
LATEST: 🚨 Revolut confirmed it suffered a data breach after a "sophisticated external impersonation scam" in which attackers used a real government email domain to obtain customer ID documents and personal data.
LATEST: 🇺🇸 Solana Policy Institute president Kristin Smith told Crypto in America that the CLARITY Act could still come together "very, very quickly" at the last minute with the right catalyst.
BREAKDOWN: 📊 Data shows Bitcoin is continually capped at $80K. Would a Federal Reserve rate hike reverse the bull trend, or could a surprise hold fuel a BTC rally above $90,000?
CoinMarketCap breaks it all down, along with what’s next for Bitcoin in the week ahead. 👇
https://t.co/GBKUuomzao
LATEST: 📈 Anthony Pompliano told Schwab Network that once AI profits rotate back into Bitcoin, it will drive BTC’s price “significantly higher,” and it's already starting.
LATEST: 🌐 Arthur Hayes told Bitcoin Magazine that sovereign nations "will never buy Bitcoin for their savings" and instead stick with gold, which they understand.
“They don't know how to use computers."
LATEST: ⚡ Solana co-founder Anatoly Yakovenko told Fundstrat the end state of finance is "a single giant state machine, all markets, all atomically accessible between everyone."
LATEST: 🤖 Strategy CEO Phong Le told WOLF Financial that once autonomous agents start running errands and interacting with the financial system, "they're going to want digital assets behind it too."