The Privacy Narrative Returns, Tons Jump, Clarity Appears and More

REVIEW OF THE WEEK

CLARITY bill circulated ahead of potential Senate vote, report

Senate Banking Committee action on the CLARITY Act is reportedly moving closer, with draft language distributed to some industry members ahead of a possible Thursday vote… Learn more

Editor’s comment:

This is probably the biggest regulatory hurdle of all time for crypto. It also comes as stocks hit all-time highs, Bitcoin markets are recovering, a new virus scare scares the markets and the geopolitical situation in Iran is metastasizing. An interesting call for fundamental analysts.

Toncoin jumps 32% in 24 hours as Pavel Durov pushes Telegram deeper into TON

Toncoin surged 32% to $2.89, a 110% increase since Telegram founder Pavel Durov announced a major strategic shift and a six-fold reduction in fees… Learn more

Editor’s comment:

Telegram has one of the largest natural networks of users in the world, so adopting some sort of digital asset seems obvious. What is not yet obvious is how exactly to bring value to the TON token. This is one of Pantera Capital’s largest investments, so it will be interesting to see TON’s thesis play out.

“Fully Invested”: Bollinger Bands Creator Officially Calls New Bitcoin Bull market

John Bollinger, inventor of Bollinger Bands and founder of Bollinger Capital Management, one of the most popular trading indicators… Learn more

Editor’s comment:

The world of technical analysis and male astrology provides some gems from time to time, and Bollinger is a testimony to this. We can revisit this in 6-12 months to see if this was actually a decent entry point, or another FOMO-driven best buy based on meaningless scribbles. There are also other technical indicators that cry out for buying, including the ROI.

Tether freezes $515 million USDT On 371 addresses in 30 days

Tether has blacklisted 371 addresses and frozen approximately $515 million worth of USDT on the Ethereum and Tron networks over the past 30 days, according to new data… Learn more

Editor’s comment:

A hot topic for some time now, stablecoins may be an essential part of the crypto ecosystem, but they are also now an arguably equally important part of American imperialism. We argued in this week’s episode of Token Narratives that the next piece of dollar hegemony to build was token stocks, or “Wall Street imperialism.”

Zcash tops $600 as traders generate 40% spike, toppling Monero by Market capitalization

Zcash soared more than 40% on May 6, hitting a high of $600 and briefly propelling its market cap to $10 billion… Learn more

Editor’s comment:

As Mert says, what cannot be seen cannot be grasped. And in a world that is increasingly taxed and monitored, privacy is naturally becoming a major topic, as evidenced by the price of ZEC and XMR. This is also a narrative that might not even require institutional support, as some of the regulatory risk might not apply to most of the total addressable market (TAM).