Sergey, if this was the early internet era, what year would crypto be in. I would say 9798 something like that. Really.Yeah. Yeah. Let me explain.Today I sit down with leader in the crypto space and co-founder of Chain Link, Sergey Nazerov. And it's really just the beginning. who was in the room where it happened as President Trump signed the Genius Bill.This afternoon, we take a giant step to cement American dominance of global finance and crypto technology as we sign the landmark Genius Act into law. So, ...

using the state-of-the-art crypto technology. This could be perhaps the greatest revolution in financial technology since the birth of the internet itself. Who would have thought we would have been saying that.Today is the day the bull market finally starts for cryptocurrency. So many millionaires are going to be made because of what's happening now. 15 different tiny crypto coins.You need to get on your radar. Smash the like button. You've been waiting for this.We've been waiting for this after a tumultuou ...

Crypto Legislation & Regulation - The US House passed the Crypto Clarity Act, advancing it to the Senate [1] - The Genius Act, a stablecoin bill, passed in the House with a vote of 308 to 122, with 102 Democrats in favor, and is expected to be signed into law [2][3] - The US House also passed the anti-Central Bank Digital Currency (CBDC) Surveillance State Act, effectively banning CBDCs in America [4] Genius Act (Stablecoin Bill) Implications - The Genius Act establishes federal rules for stablecoins, requiring qualified issuers, backing by US dollars or short-term treasuries, monthly disclosures, and annual audits [6][7] - The stablecoin market is over $250 billion and is predicted to potentially double or triple in three years [8] - Stablecoins facilitate 24/7 money transfers, instant settlements, and reduced remittance fees, potentially creating new demand for hundreds of billions in short-term US treasuries [9] Clarity Act & Blockchain Recognition - The Clarity Act recognizes Bitcoin, Ethereum, and Cardano as likely mature blockchains under US standards, indicating sufficient decentralization [16][17] - The Act suggests that other blockchains can demonstrate sufficient decentralization to be considered mature [19] Ethereum Ecosystem - Ethereum benefits from the stablecoin bill, holding approximately half of the existing stablecoins [10] - Ethereum daily transactions hit 140万, the highest since 2021 [22] - BlackRock applied to add staking to its Ethereum ETF, potentially increasing demand for ETH [21]

I'm crazy. I have to be crazy because that didn't just happen, right. This is a delusion. Is this a delusion.[ __ ] I'm a skitso. ...

Market Sentiment - The market believes that owning 0.1% of Bitcoin will be extremely valuable in the future [1] - There's a common sentiment that Bitcoin is too expensive to buy a whole coin [1] - The market observes that Bitcoin is becoming increasingly scarce on exchanges [2] - The market indicates that everyone wants Bitcoin, and no one wants to sell it [2] Bitcoin Availability - Over-the-counter (OTC) markets have the lowest amount of Bitcoin ever [1] - Exchanges are running out of Bitcoin [2] Institutional Interest - Bitcoin is increasingly desired as a balance sheet item [2]

Market Trends & Regulatory Landscape - Bitcoin's breakout shows no signs of slowing, with some anticipating a price of $200,000 this year [1][7] - The current administration is perceived as crypto-friendly, aiming to establish America as the crypto capital [1][6] - Crypto bills faced a setback in Congress, failing to pass a key procedural vote, impacting plans for a "crypto week" [2][8][9][10] - Concerns were raised regarding the bills' lack of prevention against a central bank digital currency [11] - Regulatory clarity is prioritized over enforcement by the current SEC [6] Bitcoin Price Dynamics - A short squeeze contributed to Bitcoin's rapid price increase from around $108,000 to over $122, with $1.3 billion in shorts liquidated in under 60 seconds [3] - Bitcoin's price correction is considered normal, with consolidation periods expected after surges [3][4] - Onchain analysis suggests the current run has potential but requires consolidation, with liquidation-driven highs flipping to bullish sentiment [3][4] Altcoin & DeFi Developments - Oblong, a NASDAQ-listed company, is considering a $7 million BitTensor (TAO) treasury strategy [14] - Black Hole DEX is launching on Avalanche, aiming to replicate Aeradrome Finance's success on Coinbase's ETHL2 base [15] - Black Hole is distributing 100% of its coins to the community, with founders retaining none, benefiting Superverse stakers [15] - A Black Hole airdrop includes a free vNFT providing permanent exposure to DEX rewards, with an option to supercharge the NFT for increased rewards [17][18]

Market Trends & Price Predictions - Bitcoin broke through the $110,000 range, entering a price discovery phase, with potential targets of $130,000, $140,000, $150,000, and even $160,000 by year-end [1][7][8] - Experts predict Bitcoin's price will increase significantly by August and September, with some analysts suggesting a potential rise to $130,000+ [2][3] - A short-term model breakout suggests a potential 20% rally, bringing Bitcoin to $133,000 [4] Institutional Investment & Supply Dynamics - Bitcoin ETFs have accumulated $15 billion in investments over the past 6-8 weeks, indicating strong institutional interest [5] - Only three crypto exchanges have more than 150,000 BTC left, signaling a potential supply crunch and increased demand [5] - BlackRock's Bitcoin ETF has grown to become one of the top 20 largest ETFs globally, holding almost $90 billion in about a year [23] Regulatory Landscape & Market Structure - The US House of Representatives is considering three major crypto bills, including stablecoin oversight, market infrastructure definition, and an anti-CBDC bill [9][10][15][16] - These bills aim to provide clarity, close regulatory gaps, and establish the US as a crypto capital, potentially benefiting Bitcoin [12][13] - US regulators have reaffirmed that banks can offer crypto custody services, potentially allowing traditional finance to hold Bitcoin [26] Bullish Catalysts & Market Sentiment - Record inflows into Bitcoin ETFs, the expiration of options, and the blowing out of short sellers are driving the current market momentum [23][24][25] - Some analysts believe that Bitcoin and crypto represent the greatest show on Wall Street, advocating for a bullish stance [21][22] - The passage of a stablecoin bill could drive up infrastructure providers like Robinhood and Coinbase, and potentially lead to Walmart and Amazon entering the stablecoin business [29][30]

Market Trends & Regulatory Landscape - Bitcoin reached a new all-time high and is on track for its highest weekly close [1] - Anticipation for the market structure bill, expected this week, is driving the crypto rally [2][3] - The market structure bill aims to provide basic definitions for crypto, regulate the market, and encourage institutional investment [3] - The bill establishes a clear exemption pathway for digital commodity projects and supports secondary market trading [5] - The US Bitcoin ETFs bought over 23,000 Bitcoin last week, while only 3,150 were mined, indicating ETFs are absorbing available Bitcoin and pushing prices up [6] - The industry believes the market structure bill and stable coin bill could have a bigger impact than Bitcoin ETF approvals [5] Regulatory Uncertainty & Potential Clarity - Currently, there is no federal framework for digital assets, leading to uncertainty and discouraging innovation in the US [4] - The SEC and CFTC lack clear jurisdictional boundaries over digital assets [4] - The market structure bill aims to provide clarity on whether Ethereum and other cryptocurrencies are securities or commodities [8][10] - Lack of regulatory clarity prevents large institutions from investing in cryptocurrencies like Ethereum [8] Bitcoin Valuation & Comparison - Bitcoin's market cap is at 2362 trillion USD, approaching Amazon's at 2388 trillion USD [15] - Bitcoin is considered digital gold, with mathematical scarcity, making it potentially undervalued compared to gold [15][16] - Bitcoin's value proposition is based on its scarcity and role as good money, rather than cash flow [26] - Holding wealth in Bitcoin is seen as a better alternative to holding fiat currencies due to inflation and shrinking cash flows from traditional assets [24][25]

Market Trends & Investment Opportunities - Spot Bitcoin ETFs 交易量巨大，推动比特币价格创下历史新高 [2] - 比特币供应有限，机构投资者大量买入是价格上涨的主要驱动力 [2][4] - 自 2024 年 11 月以来，单日流入量最大的一天，流入量达 118 亿美元，机构投资者正在进行大规模配置 [3] - Bitwise 预计到今年年底比特币将突破 20 万美元 [7] On-chain Analysis & Valuation Metrics - MVRV Zcore 用于识别比特币价格何时被高估或低估 [9][10] - Realized market cap 被认为是更准确的网络价值代表，通过评估链上交易的比特币价值来计算 [12] - MVRV Zcore 通过比较市场价值与实现价值，并使用标准差测试来识别极值 [15] - 风险指标旨在识别长期有吸引力的买入或卖出点，而不是预测价格底部或顶部 [25] Trading Strategy & Risk Management - 当 MVRV Zcore 超过 7% 时，通常建议逐步退出；接近 0% 时，则建议大量买入 [16] - 建议在 5%-55% 左右开始逐步退出，以确保利润，并在价格进一步上涨时继续退出 [19][20] - 风险水平低于 04% 时，是明确的买入机会；高于 6% 时，应考虑卖出 [27]

Market Regulation and Adoption - The US has the potential to be the undisputed leader in digital assets and blockchain with proper market structure legislation [1] - Over 55 million Americans participate in the crypto economy, representing over a $33 trillion market cap [2] - A smart regulatory framework for crypto market structure is essential and overdue to realize the future potential of the crypto market [2] - The market structure bill will provide clarity on definitions and rules for crypto assets, similar to the early days of the internet [18] Institutional Investment and Financial Advisors - Bitcoin ETF approvals in early 2024, allowing institutional players like BlackRock, Fidelity, and Charles Schwab to offer Bitcoin to their clients, significantly impacted Bitcoin's price [4][8] - There are over 300,000 financial advisors in the US, most of whom are currently restricted from recommending or discussing Bitcoin and related products [11] - The industry anticipates that a growing number of financial advisors will soon be able to recommend Bitcoin and Bitcoin ETFs to their clients, creating a significant marketing force for Bitcoin [12][14] - Most big money investors do not currently own Bitcoin, indicating significant potential for future growth [15] Altcoins and Future Opportunities - The stablecoin bill and the upcoming market structure bill are expected to have a similar positive impact on altcoins as the Bitcoin ETF approvals had on Bitcoin [4][15] - Cryptocurrencies like Ethereum, XRP, and Solana are poised to thrive in a pro-America, pro-cryptocurrency environment [21] - Supra is highlighted as a technology to watch, with significant transaction volume indicating potential in automatic finance (autofy) [22][23] Partnerships and Industry Growth - Ripple CEO announced a partnership with BNY Mellon, indicating a shift from headwinds to tailwinds for the crypto industry [24][25]