Market Dominance & Adoption - Bitcoin has established itself as the king of the crypto market and continues to dominate in market cap, capital flows, and attention [1] - Increasing adoption of Bitcoin, Ether, and Ethereum is indicated by more data points [1] - Bitcoin has broken away from other assets like Ethereum and Solana, which haven't set new all-time highs recently [1] Wall Street & Bitcoin Integration - Wall Street is embracing Bitcoin and figuring out how to make money from it [1] - Bitcoin is being integrated into the traditional financial system through ETFs, public companies, and real estate funds [1] - Wall Street sees Bitcoin as a way to bring volatility, financial return, more customers, assets, and profits [1] Bitcoin as a Store of Value - The US dollar has lost 30% of its purchasing power since 2020 [1] - The S&P 500 denominated in Bitcoin is down 85% since 2020 [1] - Bitcoin is considered a better store of value than the US dollar by some [1] - Storing corporate assets in Bitcoin is expected to become a consensus trade over time [1] Future Catalysts for Bitcoin - The United States government may announce the purchase of Bitcoin to create a strategic reserve [1] - Some remaining skeptical firms on Wall Street may eventually capitulate and embrace Bitcoin [2]

Market Trends & Regulatory Landscape - Bitcoin crossed above $100,000 for over two months, indicating consistent demand despite volatility [5] - The Genius Act is considered the most important piece of legislation for the crypto industry, with knock-on effects impacting Bitcoin and broader access to the digital asset ecosystem [4] - The U S Treasury is scheduled to release its report on digital assets on July 30th, providing investors with insights into the administration's roadmap [10] - The US is slowly becoming the center of attention in the crypto space due to a rapidly changing regulatory and legislative environment [21] Institutional & Corporate Adoption - Bitcoin ETFs hold approximately $150 billion, reflecting strong retail and institutional interest [6] - Corporations are increasingly viewing Bitcoin and other digital assets as valuable additions to their balance sheets [14] - Corporate crypto treasuries are emerging, with companies raising capital to acquire Bitcoin or Ether [12] Stablecoins & Ethereum - Ethereum is expected to play a significant role in the adoption of stablecoins following the new legislation [7] - Stablecoins are viewed as a significant on-ramp for individuals to gain exposure to Bitcoin and other digital assets [24] - Layer 2 solutions built on Ethereum are powering mainstream traditional finance, with fintech players showing increasing interest [25] Potential Risks - Geopolitical and macroeconomic events pose a risk, as crypto assets tend to trade as risk assets [16]

Stablecoin Regulation & Potential Impacts - The Genius Act, intended to regulate stablecoins, may increase the US trade deficit and negatively impact small American businesses [1] - The Act could create a new type of bank charter, resembling a tokenized money market fund, with implications extending beyond the crypto industry [3] - Concerns exist that the Act may siphon money from commercial banks, which are crucial for lending to farms and businesses [4][7] - The legislation might allow big tech companies to issue stablecoins, potentially tracking payments across their ecosystems, similar to practices in China, raising privacy concerns [8] Treasury Market & Fiscal Policy - The Act aims to stimulate trillions of dollars in demand for US Treasuries through increased stablecoin usage [3] - Increased demand for treasuries could lower long-term borrowing costs, but the source of this demand (potentially from commercial banks) needs careful consideration [6][7] - The impact of stablecoin-driven treasury demand on overall treasury market liquidity and the US fiscal path remains uncertain [11][12] Retirement Savings & Investment - Allowing more private investments within 401(k)s is a mixed bag due to undersaving and high fees [14] - Retirement savers should have access to plain vanilla products with diversified portfolios for long-term success [15] - While access to early-stage private companies may seem appealing, it carries risks of scams, fraud, and abuse, necessitating enforced regulations [16][17]

Today, Trump Media acquires billions of dollars in assets for its crypto treasury, and the CEO of the Blockchain Association breaks down what the Genius Act becoming law means for the industry. Welcome to CNBC's Crypto World. I'm Mackenzie Seagalos.Crypto prices are mixed to kick off the week after President Trump signed a bill regulating stable coins in the US into law late Friday afternoon. As of noon Eastern, Bitcoin dropped slightly, but still traded above $118,000. Ether climbed more than half a percen ...

Let's turn now to crypto as shares of the blank check company Dynamix Corp. are higher. On the news, they'll merge with crypto venture the Ether Reserve to form a new company called the Ether Machine. Got that.That deal is expected to close in Q4. And Ether Machine will trade on the NASDAQ under the ticker EHTM. It's a spa.In other words, CNBC crypto reporter Tana McKiel says it's vying to be the micro strategy of Ether, but with a focus on generating yield. Let's bring her in to discuss. And tonight, this ...

IN, SCARLET FU WITH VONNIE WHEN THE S&P 500 IS NEAR RECORD HIGHS BUT HASN'T MOVED A LOT THIS AFTERNOON. VONNIE: ALMOST AT 6300 FEET FLAT ON THE S&P 500 BUT 50% OF THE COMPANIES IN IT ARE HIGHER AND 50% OR LOWER. WE HAD COMMENTS FROM CHRIS WALLER ON TELEVISION TODAY REITERATING HIS CASE FOR A RATE CUT AND THE PRESIDENT IS PUSHING FOR A MINIMUM TARIFF. YOU HEARD THE PRESIDENT TALKING ABOUT TARIFFS ON BRICS AND OTHER COUNTRIES. PROFIT TAKING AS WELL, GIVEN THAT IT IS FRIDAY. SCARLET: LET'S BEGIN OUR MARKET DIS ...

for everything crypto. Yenni Guyoy joins us. He is the CEO and founder of the crypto trading firm Wintermute.Uh Yavghi, thank you for joining us here today. I I guess just first of all having the signing today by the president, does this pave the way in a real sort of fundamental way for stable coins and cryptocurrency at large to have a more commonplace use case every day. No, absolutely.um lack of lack of clear regulation has been such a boon in the industry honestly and this in particular the clarity act ...

Right. So, now let's kind of broaden this out. Talk more about crypto. Talk more about the markets.One of our favorite guests, Yan Vanek, CEO of Van Associates. I don't know if the arcade thing worked. It was the best I could do.Yan, good to have you on. Um, as an asset manager yourself. Yeah.Do you read this bill as a way to broadly expand the industry in a one way that, if it hasn't already, is going to affect VanX clients. It's it's affecting a lot of parts of the market. If you just look at what's happe ...

Regulatory Environment & Institutional Adoption - The potential for a "stampede" of banks, institutional investors, and enterprises into the crypto space is anticipated due to evolving regulatory clarity, particularly in the US [2][3] - Institutional investors have been hesitant due to regulatory uncertainty, but are now showing increased interest in Bitcoin, Ether, and stablecoins [2] Ethereum & Ether's Potential - Ethereum is highlighted as the primary programmable ecosystem for stablecoins and tokenized real-world assets, with approximately 85% of off-chain assets being tokenized on its blockchain [5] - Ether is expected to experience significant demand as it fuels Ethereum transactions ("gas"), potentially surpassing Bitcoin in value over time [6][7] - Robinhood's plan to build a Layer 2 network on Ethereum, offering unique investment products, is expected to attract more users to the crypto ecosystem [6] Stablecoins & Payments - Stablecoin transactions reached an estimated $800 billion worldwide prior to recent legislation, representing a 100% increase year-over-year [8] - Institutional investors are expected to utilize stablecoins (dollar tokens) to purchase tokenized assets, transforming the payments ecosystem [9] - On-chain transactions on Ethereum are approaching a benchmark of costing about a penny and executing in under a second, contrasting with the traditional financial system's days and dollar costs [10]

Legislative Developments - The House has passed three crypto bills: market structure, banning central bank digital currency, and stable coins [1] - The stable coin bill is headed to the White House for signing [2] - Strong bipartisan support exists for both the stable coin and market structure bills [4] Industry Influence - The crypto industry spent almost $200 million on lawmakers' campaigns in the 2024 election [3] - The crypto industry has already allocated $141 million for the upcoming midterm elections [3] - The industry's bipartisan approach has yielded positive results in legislative progress [3] Key Focus - The market structure bill is considered key for the crypto industry [4] - The stable coin bill is viewed as a win for the crypto industry [4]