Privateness Narrative Makes Comeback, Ton Jumps, Readability Comes Into View, and Extra

WEEK IN REVIEW

CLARITY Act Draft Circulates Forward of Potential Senate Vote, Report

Senate Banking Committee motion on the CLARITY Act is reportedly shifting nearer, with draft textual content circulated to pick out trade members earlier than a possible Thursday vote… learn extra

Editor’s remark:

That is in all probability the largest regulatory hurdle of all time for crypto. It additionally comes as shares are at all-time highs, Bitcoin rallies, a brand new virus scare is spooking markets, and a geopolitical state of affairs in Iran metastasizes. An attention-grabbing name for basic analysts.

Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON

Toncoin jumped 32% to $2.89, marking a 110% improve since Telegram founder Pavel Durov introduced a serious strategic shift and a sixfold payment discount… learn extra

Editor’s remark:

Telegram has one of many largest pure networks of customers on this planet, so an embrace of some form of digital asset appears apparent. What’s not apparent, as of but, is how precisely to deliver worth to the TON token. This was one in all Pantera Capital’s largest investments, so it is going to be attention-grabbing to see the TON thesis play out.

‘Totally Invested’: Bollinger Bands Creator Formally Calls a New Bitcoin Bull Market

John Bollinger, inventor of the Bollinger Bands and founding father of Bollinger Capital Administration, one of many better-regarded buying and selling indicators… learn extra

Editor’s remark:

The world of technical evaluation and male astrology does present some gems infrequently, and Bollinger is a testomony to that. We will revisit this in 6-12 months to see if this was really a good entry level, or one other FOMO-driven high purchase primarily based on meaningless squigglies. There are another technical indicators screaming purchase as properly, most notably the RSI.

Tether Freezes $515 Million in USDT Throughout 371 Addresses in 30 Days

Tether has blacklisted 371 addresses and frozen roughly $515 million value of USDT throughout the Ethereum and Tron networks over the previous 30 days, new knowledge reveals… learn extra

Editor’s remark:

An ongoing subject for some time now, stablecoins could also be a important piece of the cypto ecosystem, however are additionally now an arguably equally vital piece of US imperialism. We argued on this week’s episode of Token Narratives that the following piece of the greenback hegemony to be constructed was tokenized shares, or “Wall Road imperialism.”

Zcash Surges Previous $600 as Merchants Drive 40% Spike, Flipping Monero by Market Cap

Zcash soared greater than 40% on Could 6, hitting a $600 peak and briefly propelling its market capitalization to $10 billion… learn extra

Editor’s remark:

As Mert says, what can’t be seen can’t be seized. And in an more and more taxed and surveilled world, privateness is of course turning into a giant narrative, as evidenced by the worth of ZEC and XMR. That is additionally a story which may not even want institutional assist, as among the regulatory danger might not apply to a lot of the whole addressable market (TAM).