On today's public keys at the New York Stock Exchange, one of the biggest weeks in Washington for crypto collided with the hottest inflation print in years.

The crypto boom hits a speed bump.

Hyperliquid ETFs start trading on Wall Street and nearly $19 billion and tokenized real world assets.

Just hit the Ethereum blockchain. I'm Jensenessi. Let's get into it.

Happy Monday, everyone. Bitcoin lost its steam over the weekend, sitting below the psychologically important $80,000 level this morning

after the Bulls got squeezed with over $560 million in crypto liquidations.

Let's take a look at what happened.

On Thursday, the Senate Banking Committee passed the Clarity Act, 15 to 9 in a bipartisan vote.

This is the biggest piece of crypto legislation since the Genius Act. It finally answers the

question that has haunted this industry for a decade, what cryptos are securities versus

commodities? The bill draws clear

jurisdictional lines between the SEC and CFDC and aims to bring certainty to digital asset

developers, exchanges and everyday investors. Markets reacted positively. Coinbase surge 10%,

strategy jumps 7%, and Marathon was up 6. Then the weekend hit. Hot producer price data,

PPI up 6% year over year.

The biggest annual jump since 2022 shattered lingering hopes for a Fed rate cut this year. Suddenly,

the market was pricing in the possibility of a hike with odds jumping to around 50% on Friday.

The regulatory tailwind got overwhelmed by macro headwinds and risk assets got hammered. Bitcoin dropped to around $76,000. But Bitcoin ETF saw their worst week of outflow since January.

Coinbase slipped and strategy fell. Here is where we are. Crypto is one step closer to a regulatory framework in the United States.

But right now, the Fed matters more than Congress when macro stabilizes that Clarity Act,

tail of wind, couldn't be powerful until then. It's a turbulent ride.

All right, let's turn to crypto IPOs now.

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